We found 11 online brokers that are appropriate for Trading Singapore Investment Platforms.
MTI announced a few months ago that Singapore's economy contracted by 5.4% in 2020. The reason for economic contraction during the year was out of the government's control. COVID-19, which first appeared in one city, eventually turned into a global pandemic. Singapore was also affected by 1000+ new cases seen in April 2020.
However, the authorities successfully controlled the spread of the virus. Right now, the total cases of COVID-19 are around 61,000, with a total of 31 deaths. When we compare the results with other countries, it becomes clear that Singapore's strategy of controlling and stopping the pandemic was a success.
It is 2021 now, and data shows that only around 15-20 new cases of COVID-19 appear in the country. So for this island city-state, the pandemic is almost over, and it's time to put it in the rearview.
Since the pandemic is almost over, The ministry of Trade & Industry (MIT) forecast GDP growth of 4% - 6% in 2021.
In the 4th quarter of 2020, the speed of economic contraction slowed down to 2.4%. When compared to the 5.8% contraction of the previous quarter, this was a significant improvement. This data is based on a year-on-year basis.
If we take a look at the data based on a quarter-on-quarter basis, Singapore's economy actually grew by 3.8%. In the last quarter, the recorded growth was 9.0%.
On a year-on-year basis, Singapore's manufacturing sector recorded growth of 10.3%. This growth was based on increased output in industries such as chemicals, electronics, biomedical, and engineering. However, if we look on a quarter-to-quarter basis, the manufacturing sector contracted by 1.4%.
While the manufacturing sector grew based on an increase out from various industries, the construction sector actually shrank during the year. Official data shows that the construction sector actually shrunk by 27.4% during the year.
Technology & communication sector helped the wholesale trade grow by 1.8% during the year. Most of the growth was attributed to the strong performance of equipment, machinery, computers, mobiles, and supplies segment.
The domestic market was also affected, but it was not due to a drop in global trade. Instead, people were forced to stay at home and even work remotely. Another factor was a rise in unemployment and reduced wages due to the pandemic. This resulted in a weak domestic market which ultimately resulted in a 4.7% contraction of retail trade.
The contraction was seen in manufacturing, and the transport sector is almost similar. With a huge drop in global trade and travel restrictions inside the country, the transport sector of Singapore suffered greatly. On a year-on-year basis, this sector saw a contraction of 27.4%.
Among the transport, airlines saw their profits drop as the numbers of flights coming in and out of the country dropped due to lockdown measures in the whole world. While the air route transport suffered, sea route transport was also no exception. The volume of the cargo which is transported by sea also fell to historic lows.
Things had changed a lot since November 2020, when the economic survey of the country was released. The most positive development was the approval of various COVID-19 vaccines. Since then, almost every country has started the deployment of vaccines from advanced economies to developing economies.
In Europe and the US, the speed of vaccination is fast and, as such, will be the first regions to reach mass immunity from COVID-19. On the other hand, once fast-growing economies such as Indonesia and Malaysia may face slow growth due to slow deployment of vaccines.
Coming back to Singapore, the outlook for the country remains negative. There are multiple positive as well as negative developments that offset each other. Based on this, we believe that the country's outlook will remain unchanged (the same as compared to 3 months ago).
The outlook is uncertain for the entire world and is not just limited to Singapore. Here's a quick summary of the risks that can potentially affect the global economy:
The pandemic situation (COVID-19) is much better in Singapore than in the rest of the world. This provides a unique opportunity for Singapore to establish itself in this changing world.
Better conditions and decreasing cases of COVID-19 have given a head start for the Singapore economy to grow. In 2021, the economy is expected to grow between 4% to 6%.
We have conducted extensive research and analysis on over multiple data points on Singapore Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Singapore Economic Forecast. Below we shortlist what we think are the best Singapore Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Singapore Economic Forecast.
Selecting a reliable and reputable online Singapore Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Singapore Investment Platforms more confidently.
Selecting the right online Singapore Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Singapore Investment Platforms trading, it's essential to compare the different options available to you. Our Singapore Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Singapore Investment Platforms broker that best suits your needs and preferences for Singapore Investment Platforms. Our Singapore Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Singapore Investment Platforms.
Compare Singapore Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Singapore Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Singapore Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Singapore Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Singapore Investment Platforms that accept Singapore Investment Platforms clients.
Broker | IC Markets | Roboforex | XTB | XM | Pepperstone | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro | Plus500 |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 200 | 100 | 1 | 100 | 1 | 100 | 100 |
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Used By | 180,000+ | 1,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
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Up with fpmarkets |
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Up with nordfx |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with plus500 |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% 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. |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO |
You can compare Singapore 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 Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Singapore Investment Platforms below.