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The Association of Southeast Asian Nations, which includes Indonesia, Thailand, Vietnam, Singapore, Malaysia, the Philippines, Myanmar, Cambodia, Brunei and Laos, has a large and growing economy. Asia’s trading market is witnessing unsurmountable growth. Now, traders in Asia are making more money than ever. The credit owes to the revolution in the trading markets. One of the revolutions is binary options trading. Binary options trading offers traders a tool to earn more every second.
Binary options trades expire within seconds, which is why these are a quick way to earn profits. In addition, many binary options traders operate in Asia, offering traders the best services. So, if an Asian trader wants to trade binary options in Asia, he can follow a simple guide.
(Risk Warning: Your capital can be at risk.)
A step-by-step guide to trading Binary Options in Asia
What you will read in this Post
Asian traders can trade binary options without worrying about anything. Most countries in the continent have legalized binary options trading. That is why traders feel increasingly drawn towards trading underlying assets with binary options.
| Good to know! |
| If you wish to trade binary options in Asia, you must choose a reliable broker. There are several brokers in the Asian market, but choosing one can be tough, And beginners might find themselves in the trap of scam brokers. So, a trader must make a conscious choice while choosing a broker. |
#1 Pick a binary broker that offers services in Asia
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
100+ Markets
- Professional platform
- Free demo account
- $10 minimum deposit
- Webinars and education
- High payouts
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
100+ Markets
- Professional platform
- Free demo account
- $10 minimum deposit
- Webinars and education
- High payouts
from $10
(Risk warning: Trading is risky)
Three brokers offer the best services in the Asian markets.
1. Quotex
Asian traders trust Quotex because of several reasons. First, Quotex is the best trading platform because it offers so much to traders. They can enjoy trading on this platform as it helps them achieve their target of profit earning.
Besides, traders can also enjoy other advantages that Quotex extends to them.
- Asian traders can start trading on Quotex by funding their live trading account with a low investment.
- They can access all the leading Asian underlying assets. Besides, Quotex allows traders to access other places’ underlying markets.
- The Quotex user interface is the best for beginners. Traders can begin trading on Quotex without fearing how to use it.
- The trading platform has all the world-class features that a trader would need to enjoy trading.
Thus, traders in Asia can choose Quotex as their preferred binary options trading platform. It allows traders to trade their favorite underlying assets with binary options. Besides, technical tools and indicators that a trader would need to conduct a market analysis are easily available on Quotex.
(Risk Warning: Your capital can be at risk.)
2. Pocket Option
Pocket Option is known as the best intuitive online trading platform. It has remarkable features relevant to trading binary options in the Asian market. Traders in Asia can join Pocket Option as it is a reliable trading platform. Traders can depend on Pocket Option to access all the underlying assets that can fetch them profits.
Pocket Option allows traders to avail themselves of several benefits. These include
- Signing up for a live trading account on Pocket Option is easy.
- Traders can use the Pocket Option demo account to learn the trading basics.
- Pocket Option allows traders several trading platforms. Thus, this broker lets traders have an enhanced trading experience.
- Traders can enjoy trading on Pocket Option without hassle because of its quick deposits and withdrawals.
- This broker is available in almost all Asian countries, making it its plus point to attract any trader.
(Risk Warning: Your capital can be at risk.)
3. Olymp Trade
Olymp Trade is the oldest broker on our list. It was created in 2012 by Saledo Global LLC, located in St. Vincent and the Grenadines. This broker is known for its excellent educational trading materials that help beginners jumpstart their trading journey.
The company has its personalized trading platform, but they also give clients the option to trade on the MT4 platform. Their proprietary trading platform can be accessed through any browser on your desktop and mobile device. However, it’s recommended that mobile traders download the Olymp Trade app instead for ease of use.
Customer support at Olymp Trade is available around the clock, and the representatives support over ten languages. You can contact them via phone, online chat, and email.
Features:
- The required minimum deposit at Olymp Trade is $10.
- The leverage is 1:500.
- Has its own trading platform and also supports the MT4 platform.
- Available assets are forex pairs, stocks, commodity assets, indices, and crypto.
- Two account currencies to choose from (EUR and USD).
- Supports Mastercard, Visa, Neteller, and WebMoney for withdrawals and deposits.
(Risk warning: You capital can be at risk)
#2 Sign up for a trading account
Once Asian traders have chosen a broker, they can proceed with the signup process. Signing up for a trading account is simple with any broker and involves almost the same steps.
To sign up,
- Visit the chosen broker’s website.
- Choose the ‘signup’ option.
- Enter the details
- Submit your information.
Brokers might ask you to verify your identity. You can do so once your signup process is complete.
(Risk Warning: Your capital can be at risk.)
#3 Use a demo account
Traders can place binary options trade from the trading account they just signed up for. However, there are two choices at a trader’s disposal. He can use the demo account or a live trading account.
| Good to know! |
| A demo account would be the best pick for new traders. Using a broker’s demo account, they might test the trading platform. Also, it is an outstanding feature to learn binary options trading if you don’t know it. |
On the flip side, traders who know binary options to core can sign up for a live trading account. A live trading account involves using your money to place binary options trade. Here, if a trader faces a loss, he will lose the funds he invested.
#4 Pick an asset to trade
Now traders can choose the top-performing underlying assets in the Asian markets. The best part of trading with one of these three brokers is that traders can access many underlying assets. Thus, choosing a profitable asset is easy for any trader.
To find an asset, a trader can type its name in the search bar of the trading platform. Then, he can place his trade after he has found one.
#5 Make a proper analysis
A proper analysis lowers your possibility of incurring losses while trading binary options. An expert technical analysis uses all the platform’s trading tools and indicators.
Traders in Asia can know the resistance and support levels in the Asian market. Thus, knowing when to place your trade and for what strike price becomes easy.
#6 Place your trade
Once you have made a proper analysis, you can finally proceed to place your trade. A trader in Asia must choose a suitable strike price and expiry time for his trade. Binary options trading has different expiry times. For instance, some trades conclude within 60 seconds, while some stay open for days or weeks.
Once your binary options trade concludes, you will have your result.
#7 Wait for the result
Trading binary options require traders to wait patiently for the trade to expire. When it does, a trader will witness either an increase in an asset’s price or its price will not match what the trader proposed.
So, a win or a loss, dependent on an asset’s future value, are the only two outcomes. Traders can enjoy binary options trading when they are clear about its basics. That way, they can minimize their trading losses.
(Risk Warning: Your capital can be at risk.)
What is a Binary Option?
A binary option is an option that involves only two trading outcomes for traders. Thus, binary trading is a proposition-based game for traders. They can enjoy trading binary when they make an accurate proposal. It brings them profits.
| Good to know! |
| Binary options trading requires traders to choose an asset’s strike price. Then, they can choose the expiry time of the asset. When it expires, the traders discover whether they have made a profitable trade or encountered a loss. |
So, while conducting a technical analysis, traders must be cautious. Nevertheless, the trading analysis decides whether the binary options trade will be fruitful.
Is Binary Trading legal in Asia?
Most traders in Asia often wonder whether binary trading is a thing in their countries. While most Asian nations promote and make binary options trading a legal form, some don’t.
However, binary options trading is legal in all leading Asian nations. As a result, traders in these economies can make immense wealth by signing up for a trading account with their favorite broker.
Once they have a live trading account with a broker who operates in Asia, they can begin binary trading. To do so, he would need to fund his trading account. Funding the trading account for Asian investors is easy as they have several payment methods at their disposal.
Payment methods available for traders in Asia
Like traders from other continents, traders in Asia can also access a wide range of payment methods to fund their trading accounts. These include
Bank transfers
Traders can fund their trading accounts using their bank accounts. Bank transfers are a common way of funding trading accounts, and most brokers support it.
Cryptocurrency
There are cryptocurrencies in the Asian region, such as Bitcoin, Bitcoin Lite, Litecoin, etc., that traders can use to fund their trading accounts.
Electronic wallets
Several kinds of electronic wallets are available with most brokers. These electronic wallets make a common payment method for most Asian traders.
Debit and credit cards
Besides these, traders can also use their debit and credit cards to fund their trading accounts or withdraw funds.
(Risk Warning: Your capital can be at risk.)
How do you deposit and withdraw?
A trader in Asia must know the deposit and withdrawal process to fund his trading account.
How do you deposit funds?
A trader can follow a few simple steps to deposit funds in his trading account.
- A trader must fund his trading account by logging into his trading account.
- Now, he can tap on the ‘deposit funds’ or ‘add funds’ option.
- After this, a trader can enter the amount he wishes to add to his trading account.
- Finally, a trader can choose a payment method and authorize his payment.
After this, your trading account balance will show you the funds you just deposited.
The fund withdrawal process is similar to the deposit and involves the following steps.
How to withdraw funds?
- You can log in to your binary options trading platform to withdraw funds.
- Choose ‘withdraw funds
- Now, enter the amount and choose your withdrawal method.
- Submit your request.
After submitting your withdrawal request, you must wait a few moments to allow your broker to process it.
Pros and cons of Binary Options trading in Asia
Traders in Asia can experience several pros and cons of binary options trading.
The Pros of Binary Trading are:
- The Asian market is highly volatile, which offers traders a great chance to make money while trading binary options.
- Binary options trading is easy to learn for all traders.
- Traders can make immense wealth with binary options trading within a few seconds.
- Almost all trading platforms support binary options trading these days. Thus, traders find it lucrative.
- This form of trading does not require traders to make huge investments. They can begin with a low amount.
The Cons of Binary Trading are:
- Binary options trading might seem simple to learn, but it is very complex.
- Traders might lose all their money if binary options trading turns unfavorable.
- Finding the right binary options broker can be a hassle.
Risks in Binary Trading in Asia
Binary options trading involves several risks in their trading, of which a trader must be wary.
- Binary trading is capable of making a trader feel addicted to it.
- Binary options trading can cause an emotional imbalance in traders.
- Traders can get duped by several fake brokers.
- Binary options trading is not for all traders, and some might even find it hard to trust this form of trading because it has a black history.
Conclusion: Binary Options trading is available in Asia
Thus, binary options in Asia are the most versatile form of trading because it allows traders to fetch more money. Traders only need to be a little careful while choosing a trading platform. That is why we have reviewed the best binary options brokers that operate in Asia.
Before you place binary options trade, you should indulge in a proper technical analysis. Then, you can easily manifold your binary options trading potential and make more profit.
(Risk Warning: Your capital can be at risk.)
Frequently Asked Questions (FAQs) about Binary Options in Asia:
Is binary trading possible in Asia?
Yes, binary options trading is possible in Asia because several binary options brokers operate in Asia. Traders can access all the leading platforms to get an enhanced trading experience. In addition, most Asian nations promote binary options trading and allow traders to trade.
Which brokers in Asia offer the best binary options trading services?
Binary options trading services are available at most online trading platforms that extend their services in Asia. However, the best trading platforms are Quotex, Pocket Option, and Focus Option. These brokers have feature-rich trading platforms that smooth a trader’s trading experience.
Is it possible to become wealthy by trading binary options in Asia?
Yes! It is possible to become wealthy by trading binary options in Asia. First, however, a trader would have to focus his efforts on the research. Then, binary options trading would be profitable for him.
