The quality of the chosen online investment platform, its functionality, informativeness, speed of processing requests directly affects the success of trader's operations. The market of brokerage services of Singapore offers a good choice of brokerage companies which, in their turn, compete for trader's loyalty and commitment and develop new and improved versions of trading softwares.

An investment platform is specially designed software to give the trader access to all the necessary operations online.

This article will focus on advanced trading platforms, i.e., trading platforms that are more technologically advanced and offer access to a wide range of sophisticated tools for market analysis and trading, financial assets and information.

The topic of today's review is an advanced trading platform in Singapore.

Advanced trading platform

Modern trading platforms allow you not only to buy or sell a certain asset online, but also provide a whole range of additional tools for trading. You will be able to create pending orders, set transaction limits, use the multiplier function, and apply various indicators for in-depth market analysis. Advanced trading platforms are not only multifunctional but also comfortable to use even a beginner easily understands the interface of such trading applications. Moreover, an advanced trading platform will offer you an entire educational section with video tutorials to educate you if you have little or no experience. You will be able to customize the software to your liking by choosing your preferred colour palette and chart display options, as well as customizing the preview of your sections and an easy-to-use notification system.

There are several main features that can be used to describe a trading platform as an advanced one: 

  • Uncomplicated and technically easy registration on the platform. You will spend no more than three minutes of your time to register with the system, providing a minimum set of personal details. There is also the option of registering through social media, which is even easier and quicker;
  • Intuitive and easy to use interface and personal settings to customize your trading style; 
  • Good selection of financial instruments and access to different financial markets; 
  • Convenient methods of payment operations: fast replenishment of account, easy withdrawal; 
  • Info support in the form of news section; 
  • Good choice of tools for trading and analysis; 
  • Educational section with video tutorials and demo account for free trading practice; 
  • Availability of application for different gadgets (mobile phone version, tablet); 
  • Round the clock feedback.

Of course on most trading platforms you will find all of these features, but in terms of the quality of implementation of one or another option, an advanced trading platform is always one step ahead.

By choosing an advanced trading platform, a trader chooses a comfortable and secure trading experience and increases the chances of successful trades.

Let's take a look at how an advanced trading platform in Singapore works. 

Advanced trading platform in Singapore
Advanced trading platform in Singapore

Creating a profile on the trading platform

The simplified registration process on the trading platform is attractive and gives the novice trader a greater sense of confidence at the start. On almost all platforms the creation of a personal profile begins with visiting the broker's website, activating the "register" option, filling in a simple registration form and then confirming registration through an automatic link which the system will send to the email you specify.

Important! Pay special attention to the choice of country of registration at the stage of registration, because if you select a wrong country, you may have difficulties with crediting funds to your account.

Creation of a profile on the trading platform takes a few minutes and does not require any special technical knowledge. However, as soon as you sign up you will have full access to all your online investment transactions. 

Register on the platform
Register on the platform

At the point of withdrawing money from the platform you will be asked to undergo an additional verification procedure to confirm your identity, a simple security measure to keep your funds safe and prevent third parties from accessing your account.

Advanced trading platforms offer video verification or photo verification of documents, the whole process is enhanced by pop-up prompts which you can follow to easily manage this function as well.

Also the advanced platforms usually have platform versions for tablet or mobile phone use. You can register in the mobile app and then use the same data to authorise in the desktop version, or vice versa. All your details will be instantly synchronised.

There is also a simplified registration option on the platform, via a social media profile you will find the relevant shortcuts at the bottom of the registration form.

Registering in the mobile app
Registering in the mobile app

Complex functions simple interface

For all the functionality and complexity of the operations performed on the platforms, advanced trading platforms offer the user a simple and intuitive interface that even a novice trader can understand. All key operations are highlighted with big buttons and bright colours, and the main functions can be seen on the main screen. Besides, thanks to the convenient personal settings you can easily customize the platform, by changing the design of the trading room, as well as the type and colour of the chart, choosing to view one or more windows, changing their location and size.

You can also choose to display items and alerts on the chart, or remove them.

Set the news section to display as an interactive news feed directly on the trading room screen, or hide it in a tab. You can do the same with other sections: chat, market analysis, and so on.

Select keyboard shortcuts for faster work. Choose the privacy settings you want by allowing or disabling the public display of certain information on your profile page.

The simple and intuitive interface of the program as well as the possibility of personal settings makes the trader's work as comfortable as possible, allowing him to concentrate on operations, which positively affects the outcome of trades.

Settings section
Settings section

A wide range of financial instruments

Advanced trading platforms allow you to work with a variety of financial markets, choosing from the following most popular groups of assets: 

  • Binary Options; 
  • Forex market; 
  • Crypto-currency; 
  • Stocks; 
  • Commodities; 
  • Fonds.

Trading in each of these markets has its own characteristics, which the developers of advanced platforms have taken into account by adding the necessary trading tools, as well as various indicators and graphical tools for technical analysis, economic calendar and forex calendar for fundamental analysis.

Popular financial markets
Popular financial markets

To select the desired asset, use the asset tab, which will show a drop-down list of the major groups of financial instruments listed on the platform.

First select an asset group (financial market), e.g. binary options. Activate the required line by clicking on it. This will open the list of assets available in this group. Select the one you want and the system will open the trading room for you to work with that asset.

The workspace contains a price chart for the asset you selected, as well as an "Info" tab with all the important information about the financial instrument: 

  • General Information;  
  • News; Economic events (economic calendar); 
  • Trading conditions.

The "general information" tab contains information about the current price of the asset, the price change per session, the traders' sentiment scale (shows the general trend according to the forecasts of experienced traders), and statistics for several periods.

The "news" tab for the asset is a filter of news that is directly related to the asset in question.

The economic calendar shows the results of the previous trading sessions, as well as the percentage change in the price during the session.

The trading conditions tab contains information about the minimum investment amount, the commission to buy the asset, the expiry time and the potential profit (if it is an option) and the schedule of trades in progress.

The highly informative advanced trading platforms greatly enhance the trader's experience, while the wide range of assets gives you the opportunity to try your hand at different financial markets.

Asset information tab
Asset information tab

Training opportunities

Advanced trading platforms offer a learning opportunity even if you are a novice trader without the slightest experience on an investment platform.

What learning tools does an advanced trading platform offer? 

  • The first is the availability of a demo account. A demo account is a demo version of a real account, which gives you the opportunity to practice making trades for free. You do not risk your own money, because the demo account uses virtual fictitious money, which the system automatically credits to your account. Use fictitious money without fear of loss, try out trading different assets, and use different tools for analysis and trading. The amount of fictitious funds varies from platform to platform, but is usually a revolving amount, and you can practice as much as you like. Be sure to take the opportunity to practice with a demo account. 
Start your work with a demo account
Start your work with a demo account
  • Secondly, have a training section. Advanced platforms contain a section with video tutorials, ranging from the basics of investing to complex topics such as using indicators and working with complex assets.

Study the video lessons and practice with a demo account learning how to trade will help you get up to speed more quickly and increase your chances of making a successful trade.

Lessons on the platform
Lessons on the platform

Convenient settlement transactions

Real transactions on the platform are only possible from a real account. 

Funding of the account is done online. Advanced trading platforms always offer several options for depositing your account, using a bank card or one of the payment systems available on the website.

If you can't find the payment system you are looking for, be sure to check which country is indicated in your profile. You can do it in the "Privacy" tab of the settings section. If the country is wrong, please contact the technical support chat and ask to correct this point.

It is easy to deposit the real account, click the "Deposit" button on the toolbar, choose the top up option, deposit the amount and click "Next". If you have chosen the deposit via card, you should additionally enter the card data: card number, expiry date of the card, cardholder's name and secret CVC code.

The funds are almost always credited instantly.

Withdrawals can be made using the same methods as deposits.

Modes of payment transactions
Modes of payment transactions

Availability of tools for market analysis

Traders use two methods of basic market analysis: fundamental and technical.

Fundamental analysts focus on the supply and demand side of an asset. They study financial statements, profit and loss data for a particular financial market, price/earnings per share ratio, market share, sales trends, growth rates and ratings of other stock analysts. Traders who trade based on the quality of market fundamentals usually buy "long term" assets and do not pay attention to short term market movements which occur on a particular day or week.

Fundamental analysis indicates the factors which really influence the market. That is, it allows the trader to understand the cause of a particular trend.

Follow the news feed for fundamental market analysis
Follow the news feed for fundamental market analysis

Technical analysis is the study of price movements over time for selected assets as reflected on charts. As prices move, they form specific patterns or patterns on charts. And as people tend to acquire habits, price patterns also repeat themselves over and over again. When technical analysts notice that one of these patterns has started to form, they will be able to calculate what the next price movement will be.

Technical analysis is not straightforward, but it will take much less time to master than fundamental analysis.

Advanced trading platforms are equipped with tools for both fundamental and technical analysis.

Traders who rely on technical analysis can use the economic calendar, plus the platform's stock statistics and newsfeed, which is updated in real time and gives traders a pulse on the news without distracting their attention. Those who use technical analysis methods can take advantage of the numerous indicators available on advanced trading platforms.

Apply indicators for technical market analysis
Apply indicators for technical market analysis

High-quality market analysis is the key to successful trading. Therefore, the availability of analysis tools is an important consideration when choosing a good platform.

Other advantages of advanced trading platforms

In addition to being comfortable to use, having flexible settings, a wide choice of assets, and the availability of various tools for trading and analysis, advanced trading platforms offer several versions of the platform for different types of gadgets. Thus, you can open several versions of the trading software and have access to transactions anywhere and anytime using a tablet or mobile platform.

Also, the advanced trading platform offers 24/7 customer support for its users to be able to deal with various technical issues.

Hopefully, by focusing on the above qualities, you can choose an advanced trading platform in Singapore. Take your pick, open a free practice account and test the platform's performance!

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