We found 11 online brokers that are appropriate for Trading Singapore Trading Platform.
The International Monetary Fund has revealed that the ratio of national debt to GDP of Singapore at the end of 2017 was 110.86 percent. On the global platform, the country's statistic is 13th highest in the world. However, this is not cause for worry as the statistic reported by the IMF reflected gross national debt. Economists have found in their examination that the country owes nothing with respect to the net national debt.
Gross national debt is very different from the net national debt. The gross national debt is the sum a country borrows while net national debt excludes several values from the gross debt figure, such as shares, bonds, debentures and cash.
From an analysis of Singapore's debt clock, it is found that the assets outweigh the debt which makes the ratio of net debt to GDP zero.
Many may ask why the government needs to borrow money if it has an abundance of money. Singapore does not borrow money to run the country, but borrows to fund specific infrastructure projects.
After the completion of such projects, the country may not need to borrow money. In addition, the completed infrastructure will become assets of the country and add greater value. This means that the debts carried by Singapore are matched by assets in the ratio of equal or greater value. Perhaps, this is the best thing about Singapore's debt clock. Hence, it can be said that even though Singapore has a large gross debt, it has a good credit rating.
Managing debt fund is not easy. Singapore's Constitution as well as the Government Securities Act prevents the spending of the debt securities. The fund cannot be used to subsidize the annual budget. It is always invested into capital projects which are profitable.
The Ministry of Finance manages the country's public debt. It tasks the Monetary Authority of Singapore (MAS) to raise the money. The MAS manages the Singapore Government's Securities too.
MAS is the central bank of Singapore and it uses the following four devices to raise funds:
Let us have a look at the four individually to better understand Singapore's debt clock.
It is a retail enterprise and not a government debt instrument. It is a certificate of deposit carrying a fixed deposit term of ten years and offered to the general public, who in return, earns floating interest.
The Savings Bond is cashable once a month and can be traded. After the maturity date, it can be cashed at the face value. This assures the buyer that value will not be lost before the maturity date.
Commonly abbreviated as SGS, the Singapore Government Securities encourages the debt market. These are benchmark bonds and carry a maturity period of 2 years, 5 years, 10 years, 15 years, 20 years and 30 years. These can be traded.
Unlike the SGS, these cannot be traded. The primary aim of such government-backed securities is to raise the Central Provident Fund income.
These are short-term debt instruments. Treasury Bills mainly serve to bridge the gap between the rate of remittance and expected receipt from tariffs and taxes by ensuring a steady cash flow. The maturity date of Treasury Bills is just one year and it pays no interest.
The primary reason Singapore started raising debt is to encourage debt market creation and to become an international finance hub to attract international banks. Out of four devices, only two are traded in the secondary market. These are the SGS and Treasury Bills.
MAS offers sales of SGS and Treasury Bills at regular periods where only registered primary dealers can bid on it. The general public cannot buy these directly from the government. However, they can buy these from primary dealers in the secondary market. Members of the public can only buy Singapore Savings Bond directly. This makes Singapore debt clock unique.
While discussing Singapore's debt clock, we have found that the country owes nothing with respect to net debt to GDP, even though the IMF report reveals the gross national debt ratio to GDP is more than 100 percent. In fact, Singapore does not borrow to run the country, but to fund infrastructure projects.
The Monetary Authority of Singapore (MAS) is the central bank in Singapore, and it is tasked by the Ministry of Finance to raise money and manage Singapore Government Securities. MAS raises the funds by issuing Singapore Savings Bonds, Singapore Government Securities, Special Singapore Government Securities and Treasury Bills.
Singapore also aims to make the country an international finance hub with its debt market. It is believed that more international banks would be interested in the market in the future.
We've collected thousands of datapoints and written a guide to help you find the best Singapore Debt Clock 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 trading platform below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Singapore Trading Platform trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Singapore Trading Platform.
Compare Singapore Trading Platform min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Singapore trading platform. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Singapore trading platform that accept Singapore trading platform clients
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eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 | 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. | 76.4% 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. | 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 | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | 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, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare Singapore Trading Platform ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top Singapore trading platform below.