Forex Singapore Guide
Updated December 01, 2021
Forex Brokers in Singapore
Trading Forex currencies in Singapore is popular among the natives. Before any foreign exchange broker based in Singapore can take CFD and Forex traders as clients, they need to be licensed by the Monetary Authority of Singapore (MAS), the governing financial agency in Singapore founded in 1971. Southeast Asia is one of the most famous regions for Forex trading as people aim to capitalise on the top foreign exchange brokers working around the region and increase their income.
In Singapore, foreign exchange trading possesses a moderate turnover of about three hundred billion dollars daily, making it one of the five largest centers for foreign exchange trading worldwide. The MAS offers regulation to the region's financial activities like Forex trading. In fact, a few of the top foreign exchange brokers based in Singapore a licensed in other countries. Especially since Singapore is a fairly small country, to choose a Forex broker, you need to consider a broker that works in the area.
For instance, several FCA regulated Forex brokers in the UK work in Singapore and have established themselves in Singapore. Many Forex brokers with CySEC regulations also operate in Singapore.
Criteria For Choosing A Singapore-based Forex Trading Platform
Trading Platforms
The developed version of MT5 or the MT4 Trading platform is current an excellent standard in foreign exchange trading. Some expert trading platforms can also include cTrader. Almost every brokerage provides its own Android or iOS apps and Web trader solution.
Regulation
All good trading platforms need to be governed by some international agencies, like CySEC in Cyprus, FCA in the UK, or ASIC in Australia. There are also several brokers based in Singapore governed directly by the MAS.
Spread
Intraday trading spreads with most brokers average around 1.2 pips. The Forex has to make an income from facilitating your Forex trades especially if there are no other broker fees. If an operating fee is charged, the perfect Forex broker provides a spread on the Euro and USD currency pair for as low as 0.01 pips.
Customer Support Services
Forex brokers need to provide customer support services every hour for five days a week. They then need to provide customer support in other global languages, and not only in English.
Commissions
Commissions are determined as a constant fee that you pay for every round lot traded. A few Forex brokers provide trading accounts where you don't need to pay commissions. However, for this trading account, the currency pairs' spreads are normally more costly than the merchant account, where you need to pay the flat commission trading fee.
Singapore And General Regulation
Every country worldwide possesses its unique regulatory structure and an entity that monitors and controls the financial markets. In a few countries, such as France or Russia, the financial markets are governed by Central Banks, and the brokers are required to get licenses with these agencies to provide legal services to traders. Under these situations, it gets complicated to do business because of the unclear regulatory requirements.
In some other countries, the control is passed to some independent agencies that monitor the financial markets. These agencies offer brokers higher opportunities to start their businesses in the country and is often more liberal. However, Forex brokers are still required to follow a regulatory structure laid by the regulatory agencies, where they need to possess enough funds, reduce clients' risks and more.
In Singapore, the governing body that controls the Forex market is the Monetary Authority of Singapore. Every Forex broker who is interested in providing financial services in the country needs to be MAS regulated. MAS has some other responsibilities as it is the Central Bank of Singapore. Those responsibilities involve monitoring all insurance intermediaries and financial credits for Singaporeans. MAS regulated brokers also need to reduce their customers' risks by keeping their funds in separate accounts in case of occasions where the broker files for bankruptcy.
If this unfortunate situation arises, the trader's funds will be safe. MAS specifies that the broker needs to wholly disclose all products and services they provide to their customers. The agency also provides a unique program for investors, such as MoneySENSE, and lots of educatory resources to make independent and wise decisions concerning investing.
Commonly Traded Forex Currency Pairs In Singapore
The Forex brokers permit Singapore residents to trade using every exotic and main global Forex currency pairs, but they most constantly allow:
- GBP/SGD
- GPB/USD
- USD/SGD
- USD/JPY
- EUR/SGD
- SGD/JPY
Benefits Of Choosing An MAS Regulated Broker
Proper Management Of Client Complaints:
The law forces brokers to manage client complaints respectfully. It has also offers channels for handling disputes between the parties. The client can contact the Consumer Association of Singapore, the Financial Industry Dispute Resolution center, or the Singapore Mediation Centre. Courts are the last choice for solving conflicts between a Forex broker and the client provided the former is regulated by the MAS.
Assurance Of The Safety Of Investment:
The Monetary Authority of Singapore advises the residents to get involved with only regulated Forex brokers. One main advantage would be the assurance of the investment's security even if the broker went bankrupt. The regulatory institution has laid down many steps to attend to the trader's results.
Forex Trading Singapore Verdict
In Singapore, where Forex trading is especially popular, Forex brokers are heavily regulated by the MAS to ensure safe trading for all. If you are based in Singapore and are looking to get into Forex trading, be sure to trade only with MAS regulated brokers to make sure that you have the best experience trading in the Forex market.
We've collected thousands of datapoints and written a guide to help you find the best Forex Singapore for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Singapore Forex Investment platforms below.
Reputable Forex Singapore Checklist
There are a number of important factors to consider when picking an online Singapore Forex Investment Platforms trading brokerage.
- Check your Singapore Forex Investment Platforms broker has a history of at least 2 years.
- Check your Singapore Forex Investment Platforms broker has a reasonable sized customer support of at least 15.
- Does the Singapore Forex Investment Platforms broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Singapore Forex Investment Platforms broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Singapore Forex Investment Platforms broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Singapore Forex Investment Platforms can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Singapore Forex Investment Platforms.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Singapore Forex Investment Platforms.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Singapore Forex Investment Platforms of 2021 compared
Here are the top Singapore Forex Investment Platforms.
Compare Singapore Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Singapore Forex Investment platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Singapore Forex Investment platforms that accept Singapore Forex Investment platforms clients
| Broker |
XTB
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IC Markets
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Roboforex
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Pepperstone
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XM
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FP Markets
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Plus500
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FXPrimus
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EasyMarkets
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Trading212
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SpreadEx
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| Rating | |||||||||||
| Regulation | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA) |
| Min Deposit | No minimum deposit | 200 | 1 | 200 | 5 | 100 | 100 | 100 | 100 | 1 | 1 |
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| Used By | 250,000+ | 180,000+ | 10,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 15,000,000+ | 10,000+ |
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| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with xtb |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with fpmarkets |
Sign
Up with plus500 |
Sign
Up with fxprimus |
Sign
Up with easymarkets |
Sign
Up with trading212 |
Sign
Up with spreadex |
| Risk Warning | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
| Demo |
XTB Demo |
IC Markets Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
FP Markets Demo |
Plus500 Demo |
FXPrimus Demo |
easyMarkets Demo |
Trading 212 Demo |
SpreadEx Demo |
| Excluded Countries | US, IN, PK, BD, NG , ID, BE, AU | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, JP | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US | US, CA | US, TR |
All Singapore Forex Investment platforms in more detail
You can compare Singapore Forex Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Singapore Forex Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Singapore Forex Investment platforms below.
Forex Singapore Table of Contents
- Forex Singapore Explained
- 6 Factors to Consider when Choosing Forex Singapore
- Are Your Forex Singapore Trusted And Established?
- Are The Forex Singapore World Leading?
- What are the Forex Singapore Commissions and Fees?
- What are the Forex Singapore Funding and Withdrawl Methods?
- Find Forex Singapore with Round-the-clock support?
- Make sure the Forex Singapore Offer Comprehensive Trader resources?
- Why Forex Singapore needs to be regulated?
- Forex Singapore FAQ
- What are the best Singapore Forex Investment platforms brokers?
- What is the best Singapore Forex Investment platform broker?
- Related Forex Singapore Reviews
- Related Forex Singapore Alternatives
- Related Forex Singapore Comparisons
Forex Singapore Explained
Trading the financial markets with Forex Singapore when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Forex Singapore is the platform that a Forex Singapore offer.
Choose Forex Singapore that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Forex Singapore that you can rely on.
6 Factors to Consider when Choosing Forex Singapore
Follow these five rules for selecting a broker that's right for you:
Are Your Forex Singapore Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Forex Singapore broker is XTB. Established in 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa regulatory bodies.
| Broker |
XTB
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IC Markets
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Roboforex
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Pepperstone
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XM
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FP Markets
|
| Year Established | 2002 | 2007 | 2009 | 2010 | 2009 | 2005 |
| Head Office | Poland | Australia | Cyprus | Australia | Cyprus | Australia |
| Regulation | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 250,000+ | 180,000+ | 10,000+ | 89,000+ | 3,500,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit XTB | Visit IC Markets | Visit Roboforex | Visit Pepperstone | Visit XM | Visit FP Markets |
| Risk Warning | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Losses can exceed deposits |
Are The Forex Singapore World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. XTB Segregates clients funds and offers over 4000 instruments. XTB offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the XTB platform enables access to a variety of financial markets worldwide. XTB is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Forex Singapore is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
XTB
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IC Markets
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Roboforex
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Pepperstone
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XM
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FP Markets
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| Instruments Available | 4000 | 232 | 100 | 100 | 1000 | 100 |
| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US | US, JP | BR, KR, IR, IQ, SY, JP,US | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | US, JP, NZ |
| Forex pairs offered | 57 | 65 | 35 | 70 | 80 | 60 |
| Forex pairs offered | 57 | 65 | 35 | 70 | 80 | 60 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes | No | Yes |
| Commodities Offered | 21 | 19 | 21 | 16 | 15 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | No | No | Yes |
| Stocks Offered | 1696 | 110 | 0 | 60 | 160 | 10000 |
| UK Shares | Yes | Yes | Yes | No | No | Yes |
| US Shares | Yes | Yes | Yes | No | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | No | Yes | Yes |
What are the Forex Singapore Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex Singapore broker XTB offers competitive offers for Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
Another top rated Forex Singapore broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
XTB
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IC Markets
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Roboforex
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Pepperstone
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XM
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FP Markets
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| Min Deposit | 0 | 200 | 1 | 200 | 5 | 100 |
| Withdrawl Fees | varies | No | Yes | No | No | No |
| Inactivity Fees | Yes | No | No | Yes | Yes | No |
| Deposit Fees | No | Varies | No | No | No | Yes |
| CFD Commission Fees | Yes | Yes | No | Yes | No | Yes |
What are the Forex Singapore Funding and Withdrawal Methods?
When dealing with Forex Singapore having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
XTB
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IC Markets
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Roboforex
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Pepperstone
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XM
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FP Markets
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes | No | Yes |
| Skrill | Yes | Yes | No | Yes | No | Yes |
| Payoneer | Yes | No | Yes | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Singapore with Round-the-clock support?
Customer service is very important when dealing with Forex Singapore.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Forex Singapore customer support can include Phone answering services, Live chat support and Email customer service support.
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
XTB and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
XTB
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IC Markets
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Roboforex
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Pepperstone
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XM
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FP Markets
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| Support |
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| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese |
| Learn More | Visit XTB | Visit IC Markets | Visit Roboforex | Visit Pepperstone | Visit XM | Visit FP Markets |
| Risk Warning | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Losses can exceed deposits |
Make sure the Forex Singapore Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, XTB and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Forex Singapore needs to be regulated?
A regulated Forex Singapore broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Forex Singapore brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Forex Singapore List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
