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Singapore Binary Options

What is Binary Options?

A binary option trade is an all-or-nothing proposition. Binary traders in Singapore can purchase options that predict whether the underlying price of an asset will go “up” or “down” over a set period of time. Should their prediction be correct, the trade will be considered “in the money”, and the Singaporean trader will be paid a set amount. If there prediction is not correct, the trader will not be paid anything.

Technically, binary options trading is not Forex, but many Singaporeans consider it to be a good alternative. The assets that are available to trade in Singapore are much the same. They include commodities such as gold, currency pairs such as GBP/USD, and stocks. There are also some advantages to it, such as low minimum deposit requirements, and no commissions or spreads.

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Searching for information about Binary Options in Singapore? We have reviewed the best websites that provide Binary trading for Singaporeans. Browse the most safe and secure options for Singaporeans and avoid making a bad investment.

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ForexAgentReviews.com is a highly regarded Forex review portal website. Launched in 2013, our team has grown a reputation for producing fair and thourough reviews online trading platforms for Singaporeans. We are very detailed in our tests of Singapore Forex trading company offerings.

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