Binary Options Trading in Asia

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Binary Options Trading in Asia

Binary Options Trading in Asia: There is no doubt that the popularity of binary options trading is fast increasing the world over. There is also no doubt that Asia is the fastest growing continent in the world. Thus, it was only a matter of time before binary options found its footing in Asia. Gone are the days when binary options were only the purview of the Americans and the Europeans, other continents including Africa and Asia are warming up to the financial phenomenon, for lack of a simpler word. The eyes of the world, and those of binary options brokers, are now paying more attention to the Asian powerhouse which includes China, Japan, India, Malaysia, Singapore and Indonesia.

What are Binary Options?

The term binary refers to something that has two parts. Binary options therefore can be defined as a financial trading instrument that comprises of several ‘options’ each with two choices or possible outcomes. Basically, in binary options, one forecasts/predicts whether the price of an asset will rise or fall within a certain time frame and puts up an amount of money to that effect. Now, that’s one instance of binary (double) options. The value of the asset can either go up or down, there’s no other ways for the asset to go. In most cases, the extent of the rise or fall doesn’t matter, only the direction of the movement.

binary options trading in asia is highly popular

Another dimension of the two-option nature of binary options is the win or loss scenario. Here, one either wins the full payout, usually predetermined, or loses all their investment. You cannot win partial payouts or lose only a certain part of your investment. For example, if you had predicted that within one hour, the value of Samsung’s stocks will be higher than $101.5 and ‘bought’ a high option worth $100 with 85% potential payouts, and it comes to pass; you will receive your original investment back plus an additional payout of $85. If it doesn’t come to pass and the value of the stock is actually less than $101.5, you will lose the whole amount you had put up. The third scenario where the value remains constant can be regarded as a spoilt trade and the trader gains nothing and loses nothing.

As the above example shows, you cannot lose more than you have put up and you will always know the pay out for a win. There are no commissions in binary options, unlike in forex and stock trading where the brokers usually charge a commission of a certain percentage of the realized profits.

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    Binary Options Trading in Asia

    As Asia is a big region made up of several countries each with its own rules and regulations, it is only right to subdivide the topic and look at each country on its own. The following list looks at how binary options trading fares in the various Asian countries.

    Binary Options in China

    Arguably the biggest country in the world in terms of population and the second largest economy, China is every investor’s dream. However, its long history of restrictive laws and regulations that ban anything from Google to YouTube has largely kept investors away. The good news for binary options brokerage firms is, the Chinese government has not yet found a reason to directly address, or rather ban, binary options in the country. Knowing the Chinese government, this may or may not change in the near future. For traders and brokers alike, it’s a matter of crossing their fingers and hoping for the best, but having one foot out the door, ready for anything.

    When it comes to real binary options trading, China lags very far behind, despite hosting three of the biggest stock exchanges in the world. Currently, there are no brokers who are based in China and only one, AnyOption, with a Chinese platform. This lack of attention by brokers towards the country is disappointing, considering the poverty levels there are very low and a lot of families have disposable income from the many economic activities they engage in. A good broker would know how to convince them to invest all or part of that amount into binary options trading.

    Binary options trading in Asia has led to good profits

    When it comes to binary options regulation bodies, there are none in China except perhaps the Central Bank, which only regulates financial institutions, including brokers based within the country. Foreign based brokerage firms are exempt from this policy but for a smooth trading experience, we advise Chinese citizens interested in binary options to look for brokers that are licensed or regulated by European bodies such as CySEC and the EU. These bodies are the best in the world when it comes to setting and inspecting quality standards in the financial industry, within which binary options falls.

    The only policy that could perhaps pose a problem for traders in China is the one limiting the amount of money a Chinese citizen can invest outside the country to $50,000 per year. This is probably meant to encourage people to invest more within the country since foreign investments are very few. Nonetheless, the requirement won’t pose much of a problem for binary options traders as $50,000 is more than a standard trader would normally invest as the capital requirements in binary options are very low. Most brokers will ask for a minimum deposit of about $250 and there are even some who go as low as $10. The Chinese are known to find ways to get around the tough laws in their country and it wouldn’t be a surprise to anyone if some traders used family or friends’ credit cards to make deposits. After all, the government can’t really snoop on a billion individuals, can it?

    Binary Options in Japan

    Japan’s population is way smaller than that of China but as a fast growing economy, it can’t be ignored. The good thing about the country is that the government is known to be a bit more accommodating and the rules there are very friendly to investors. Binary options is 100% legal in Japan and unlike China, there is no limit to the amount a citizen can send out of the country. Japan can be considered quite a conservative country and its entire financial system is strictly regulated by the Financial Services Agency (FSA). The body was established in 2002 and is responsible for the supervision and regulation of every sector that deals in finances, including the banking, insurance and accounting industries.

    Since it wouldn’t be entirely possible for the FSA on its own to supervise all the financial services companies within the country, it has a department that deals with matters like the securities exchange, within which binary options can be classified. The body, based in Tokyo, is known as the Securities Exchange Surveillance Commission (SESC) and its mandate is to license and closely monitor the activities of firms involved in the buying and selling of securities. Note that this only applies to firms based in the country and not every firm that transacts with Japanese citizens. The strict financial regulations keep many brokers out of the country. Many prefer to set their bases in countries with less restrictions such as Cyprus and serve Japanese traders, along with those from the rest of the world, from there.

    Japan has a growing middle class which is increasingly looking for alternative investment platforms, away from the usual real estate and stock trading. This is good news to brokers who will definitely have an easy time attracting the attention, and money, of the wealthy and experimental Japanese citizens. Furthermore, the lack of any brokers headquartered in the country is not a big issue since binary options is not like stock trading where physical visits to brokers’ offices are necessary. Here, traders can sort out any issue with their broker or ask any questions they might be having via Skype or email.

    Asian traders are good risk takers, that is why they succeed

    Binary Options in Singapore

    Singapore, though often overlooked, is among the fastest growing economies in the world. Whether in insurance, tourism, manufacturing or the service sector, there is a lot of money in Singapore. Binary options is not quite as popular in Singapore as it is in the other Asian countries. This is however not due to any negative reviews or anything else other than the fact that Singaporeans only became aware of binary options about two years ago. With that being said, a few significant steps have been made in making people aware of the potential returns and convenience of binary options. The Monetary Authority of Singapore is the body responsible for regulating all financial institutions, including brokerage firms.

    Binary Options in India

    India has quite a big population, some of whom reside in almost every corner of the world. Traditionally, India is a trading country and its citizens are known for their entrepreneurial spirit. They do not just trade in tangible goods alone; the Indian Securities Exchange is the oldest in Asia and among the oldest in the world. Although, binary options may have been only recently introduced, the concept of asset trading has been around for centuries.

    It is legal to trade in binary options in India, which is not known to have very tough laws. Binary options, and all financial services are under the supervision of the Securities and Exchange Board of India (SEBI). The body gives out licenses to brokerage firms intending to set up shop in India and monitors them to ensure that they stick to the rules. There are currently no Indian-based binary options brokers although many European brokers accept Indian brokers, provided their government has no problem with that. When it comes to the trading language, only one broker, One Two Trade has an Indian version of their site. Hopefully, this will change soon as brokers everywhere realize the amazing potential of the Asian market and India in particular.

    Even the older traders can learn new things with binary options

    Binary Options in Malaysia

    Malaysia has not been left behind by the binary options bandwagon. Investors and even ordinary people in the country are warming up to binary options trading as a platform for channeling their investments. Binary options is legal in Malaysia and all activities are supervised and regulated by the Securities Commission of Malaysia, which operates under Bank Negara Malaysia, which oversees all financial services.

    We did not come across any broker based in Malaysia but found quite a number of firms operating from other countries accepting Malaysian traders. That is, if they understand English since there’s no site translated into Malay, the country’s national language. Chinese / Mandarin speakers are quite lucky as there is a trading platform in their national language, as mentioned earlier.

    Binary Options in Indonesia and the Philippines

    The Indonesian and Philippines governments have no issues with binary options although some might consider the taxes on returns to be a bit high. There are no particular binary options regulation bodies that we know of, except maybe the Central Banks of the two countries, which are normally in charge of the whole financial sector. As such, we advise traders based in these two countries to look for brokers regulated in the EU, preferably by CySEC to be assured of quality service and reliability.

    Conclusion

    As the rest of the world experiencing slow growth, Asia is among the very few regions set to register double digit economic growth in the coming years. Naturally, as Asians become richer, they will start looking for ways to invest and binary options, with its high returns, is as good as or better than other options.

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    Binary Options Asia launches binary options trading platform targeting Asian traders

    Binary Options Asia, a new white label of TradeSmarter Holdings, has today announced the introduction of a new binary options

    Binary Options Asia, a new white label of TradeSmarter Holdings, has today announced the introduction of a new binary options trading platform offering Asian traders the opportunity to make a return of up to 85% in under an hour.

    As the name implies, ‘binary options trading’ simply involves picking one of two possible outcomes, and receiving a fixed, pre-determined payout if your prediction is right. In the case of Binary Options Asia, it means betting on whether the price of the underlying asset – such a share or commodity – will rise or fall over the course of an hour.

    For example, if you think China Mobile shares are going to rise, you can buy a $100 ‘call’ option for a potential 85% gain. If, at the end of that hour, China Mobile’s share price is higher than it was when you placed your trade, your $100 becomes $185 – even if the shares only went up by a cent.

    With the ability to trade from as little as $30 and no commissions, it is an easy and affordable way for Asian traders to access the financial markets.

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    Unlike margin foreign exchange or Contracts for Difference (CFDs), which also involve betting on market movements, there is no borrowed money involved in this form of trading. Nor does it matter how much the investment goes up or down – only the direction matters. That means the amount of money you can lose is limited to what you put in so you do not need to worry about margin calls, using stop orders or constantly monitoring your positions.

    On Binary Options Asia, traders who make losing bets actually have up to 10% of their investment returned to their account.

    Asian traders are able to gain exposure to a range of popular currency pairs, stocks, indices and commodities on the Binary Options Asia platform – all on one account.

    To take advantage of this innovative online trading platform, visit Binary Options in Asia.

    Binary Options Review Asia: Binary Options Asia is a trading name of Market Punter Pty Ltd (ACN 137 016 490) who are authorized and regulated by the Australian Securities and Investments Commission.

    Singaporean Traders Guide

    If you’re looking to trade binary options, then Singapore is a great place to start your trading journey, and you probably have many, like, which broker should you choose? Well, as awareness of binary options grows more and more brokers are offering their services to Singaporeans, even via mobile or tablet devices, it’s not a problem.

    With little regulation and legal hurdles, you won’t struggle to find a broker. Many international brokers have also made their sites properly accessible to countries around the world; most offer their platforms translated into local languages, so you don’t even need to speak English to trade comfortably.

    With our expert research, reviews and recommendation of only the best brokers you know when we put our name to a company you will be choosing with confidence and safety, ensuring that your experience of binary options trading is a great one. Read on to find our recommended broker sites to place your trades at.

    In this article, you will learn:

      The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to SG residents

    Traders in Singapore

    Like many countries where binary options trading isn’t as commonplace as perhaps in Europe or the US, Singapore has a lack of regulated home-grown brokers. This lack of regulated native brokers is good news for international options brokers who are always looking to break into new markets and extend their reach. So how do you choose a broker and what should you be considering when making your decision?

    Licensing And Regulation

    There is only one regulated and recommended broker that is local to Singapore. If there is only one regulated, you can be sure that there are many more that are operating unregulated, in this case, your money is most definitely at risk. Never invest your money with a broker who isn’t licensed and regulated by reputable authorities.

    Customer Support

    While you may prefer the idea of trading with local business, in your local language, the best offshore brokers even go so far as to offering translation services on their sites to languages like Malay and Mandarin. They will also provide comprehensive customer support in many languages. Before you invest, check what forms of assistance they offer and how easy they are to contact.

    Mobile Trading Tools

    Most transactions, from banking to shopping, now take place on a mobile device. If you have a mobile phone and an internet connection, no doubt you want to be able to trade on the go. Make sure that the broker you choose offers an app or a suitable mobile responsive website.

    Free Demo Account

    The demo account is the best way to test a platform without risking your funds. While a no deposit bonus also gives you that opportunity, the demo account offers you a more substantial sum to practise trading. Use the demo account to get familiar with the functionality and layout of the platform and to execute many trades.

    While there isn’t a vast choice of local brokers, most Singaporeans prefer to trade in a foreign currency making offshore brokers an attractive prospect.

    Trader Broker Asset Profit

    Broker Fees And Tax

    Like any country Singapore will have tax laws and regulations however any profits made from financial instruments such as binary options trading or Forex trading are not classed as income they are classed as a personal investment and fall into the capital gains bracket. That said you should always check with your accountant or another financial expert to ensure that these rules do apply to you as rules and regulations are subject to change and can depend on personal circumstances.

    Alongside taxes, the other thing to consider is any fees that arise from binary options trading. As most brokers are offshore, there will need to be a consideration as to whether trading in a foreign currency will have an impact on you when you withdraw funds and the currency is converted back. Is there a conversion fee charged by your bank or credit card?

    If you are going to be using a payment method like an e-wallet, then you need to check if they will take a percentage or if they charge a fee per transaction. If the broker charges a fee per transaction, then you will need to consider how many transactions you make and not withdraw every time you complete a successful trade.

    Singaporean Licencing

    While trading is now legal across all districts; this hasn’t always been the case, and it has only been the last couple of years that the industry has seen real growth. Up until recently, it was only legal to trade binary options in 6 districts of Singapore. Now that has been extended to the entire state. The Monetary Authority of Singapore oversees regulation, but there is a very apparent lack of regulated brokers. It is still a tricky industry to regulate in many countries as it is still very much an unknown quantity.

    Mainly the binary options industry across Asia is regulated by each country’s national bank. It happens to be the Monetary Authority of Singapore who has imposed sanctions on unregulated brokers, but like anything when something is new and unknown, there are those that get in early doors and try to make a quick buck. These scam companies operate at the expense of the trader who invests their money in good faith never to see it again. While it is not illegal to trade it is unlawful for an unregulated broker to offer services.

    The good news is that it is entirely legal for offshore brokers to offer their services to Singaporeans and many of the top international brokers have taken the opportunity to make their websites accessible and easy to use for many across the world. As binary options become more popular and more widely recognised the regulation will improve which will make room for new native brokers to enter the market place, but in the meantime, there are a whole host of offshore brokers.

    If you’re looking to trade binary options, then Singapore is excellent.

    How we Recommend Brokers

    Our team of experienced experts has extensively researched every broker that we recommend. We do not put our name to any broker that we aren’t entirely confident that they operate above board. From the bonuses and demo accounts that they offer to the user experience on mobile devices, we check every aspect of trading to ensure that we only bring you the very best.

    We score each broker in each area so that you can see which brokers offer the benefits you want. We have vetted hundreds of brokers from across the world looking at every aspect of trading including:

      Licensing and regulation Welcome bonuses and incentives Trade types and payouts Mobile trading experience and ease of use of platform Minimum deposit and minimum trade requirements Demo account availability and features Customer help and support Contests and other special features

    We look at everything that the broker has to offer to you as traders and how they differ from the competition and our scores reflect this.

    If you are looking for somewhere safe to invest your money and don’t have too many other criteria, then you can be safe in the knowledge that all of the brokers that we recommend will be suitable for you. If your standards are a little more select and you want to choose a broker based on the payout or the welcome bonus then equally we will be able to show you those that match your requirements.

    One thing is for sure if you are looking for the best binary options Singapore has to offer we have a broker that will fit your needs, and we can help. Our job is to help you make the most of your trading experience ensuring that you trade safely and that the experience is an enjoyable one.

    Frequently Asked Questions

    Is binary trading in Singapore legal and safe?

    Where once binary options trading was only legal in six states of now it is legal in all ten districts. The Monetary Authority of Singapore regulates the industry, but there is only one regulated local based broker.

    Do I need to pay fees and taxes on my profits?

    The profits from binary options trading are classed as a personal investment and therefore capital gains, not income. Because of this, it is not subject to income tax.

    Can I test brokers before trading with real money?

    Most brokers offer attractive welcome bonuses while others offer demo accounts with no deposit required. It is worth looking at what is available that fits your criteria.

    Is it easy to make deposits and withdrawals?

    Depositing with any broker should be a straight forward process. When it comes to withdrawing funds, you will need to confirm your identity for fraud purposes.

    Can I trade using my mobile or tablet device?

    Many brokers offer apps on both Android and iOS as well as having a mobile responsive website unless you are going to be sat behind a laptop or PC all day you need to be able to trade on the go.

    Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2020 and readers can benefit from her insider knowledge of how brokers work.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Options Broker 2020!
      Good Choice for Beginners!
      Free Trading Education, Free Demo Account!
      Get a Sign-Up Bonus Now!

    • Binomo
      Binomo

      2nd in our ranking!

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