We found 11 online brokers that are appropriate for Trading Singaporean Dollar Investment Platforms.
The Singapore Dollar (SGD) is one of the worlds strongest currencies, thanks to Singapore's strong economy and exports. MAS (The Monetary Authority of Singapore) manages the SGD through a unique exchange rate policy tied to a basket of currencies. This strategy helps Singapore keep inflation in check and maintain economic stability.
When trading the SGD/USD currency pair, you are speculating on the relative value of the Singapore Dollar (SGD) against the US Dollar (USD). For example, let’s say the current exchange rate for SGD/USD is 0.7563. This means that 1 Singapore Dollar is equal to 0.7563 US Dollars (November 2024).
If you decide to invest $10,000 into this trade, you are essentially buying SGD with USD. If the trade moves in your favor and the SGD strengthens against the USD—let’s say the rate rises from 0.7563 to 0.7600—the value of your position would increase. In this case, if you sell at the new rate, you would realize a profit on the difference. For example, at 0.7600, your original $10,000 would now be worth approximately $10,048, representing a gain of $48 on your trade.
Conversely, if the trade moves against you and the SGD weakens against the USD, with the rate falling from 0.7563 to 0.7520, the value of your position would decrease. At this new rate, your initial $10,000 would be worth only $9,920, resulting in a loss of $80.
Trading currency pairs such as SGD/USD involves certain risks. The foreign exchange market is highly volatile, meaning that currency values can fluctuate significantly within short periods. This volatility can result in potential gains or losses that are unpredictable. Furthermore, if leverage is applied (where a trader borrows capital to increase position size), both potential profits and losses are amplified. Without effective risk management strategies, such as stop-loss orders, losses can quickly exceed the initial investment amount.
While trading the SGD/USD pair offers the opportunity for profit if the SGD strengthens, it also carries the inherent risk of loss if the trade moves against your position. Proper understanding of market factors affecting currency fluctuations and adherence to risk management practices are essential to mitigate potential losses.
Accessing the SGD is easy with our recommended forex brokers and trading platforms below.
IC Markets provides access to trading the Singaporean Dollar (SGD) through its advanced trading platforms, such as MT4, MT5, cTrader, and TradingView. Known for tight spreads and fast execution speeds, IC Markets offers an ideal setup for Forex traders interested in SGD trading. With added features like low-latency VPS and automation options, IC Markets is well-suited for those focused on efficient trading with the Singaporean Dollar.
RoboForex offers competitive spreads on the Singaporean Dollar (SGD) with high leverage options for Forex traders. Available on both MT4 and MT5, it allows flexible trading of SGD pairs with rapid execution to support fast market movements. RoboForex’s EA scripting and risk-management tools make it a viable option for traders looking to maximize their exposure to the SGD market.
eToro allows traders to access the Singaporean Dollar (SGD) through its unique social trading network. The CopyTrading feature can be leveraged to follow successful traders specializing in SGD pairs. With a user-friendly interface and strong community support, eToro is a great choice for both novice and experienced traders interested in the SGD market.
XTB offers extensive resources for trading the Singaporean Dollar (SGD), including detailed market analysis and educational tools. Traders can leverage these resources to deepen their understanding of the SGD market. Regulated by the FCA and CySEC, XTB ensures a secure trading environment for those trading in SGD.
XM provides a well-rounded platform for traders focusing on the Singaporean Dollar (SGD). With a range of account types and strong customer support, XM offers flexibility for both novice and professional SGD traders. Regulated by ASIC, CySEC, and the IFSC, XM provides a secure environment for trading SGD pairs.
Pepperstone supports trading of the Singaporean Dollar (SGD) with low spreads and robust execution speeds, catering to traders with varying strategies. Regulated by the FCA and ASIC, Pepperstone provides a reliable and transparent platform for those focusing on the SGD market, ensuring a trusted environment for all Forex traders.
AvaTrade offers diverse options for trading the Singaporean Dollar (SGD) through its user-friendly AvaTradeGo mobile app and social trading on AvaSocial. With its commission-free structure and range of funding options, AvaTrade is an appealing choice for SGD traders prioritizing cost-effectiveness and community-driven insights.
FP Markets offers competitive spreads on the Singaporean Dollar (SGD) and enhanced features within MetaTrader 4 and 5 to support precise and efficient trading. With a range of customizable options, FP Markets caters to SGD traders looking for technological advantage and market responsiveness in their trading strategies.
Key economic data like GDP, inflation rates, and interest rates play a big role in shaping the strength of the SGD. For example, if Singapore reports a higher-than-expected GDP growth rate, it may boost SGD as investors see a healthy economy. Conversely, if inflation rates spike unexpectedly, this could weaken the SGD as higher inflation might pressure MAS to intervene. For traders, understanding these indicators can help predict potential movements in the SGD.
Worldwide trends also affect the SGD. For instance, if global oil prices increase significantly, this can strengthen SGD since Singapore is an oil-refining hub, potentially boosting exports and economic activity. Additionally, a sharp movement in the US Dollar often has an inverse effect on SGD; a strong USD might weaken the SGD and vice versa. Geopolitical events like US-China trade tensions can also impact SGD due to Singapore's close trade ties with both countries. Traders need to consider these factors as they can influence the best times to trade the Singapore Dollar.
The MAS's approach to managing the exchange rate is a significant factor for the SGD's value. For instance, if MAS signals a tightening policy by appreciating the SGD nominal effective exchange rate, the SGD may rise as it becomes more valuable relative to other currencies. In contrast, a loosening of the exchange rate band could lead to SGD depreciation. Traders consider MAS's exchange rate policy crucial when assessing external pressures and their impact on SGD trading opportunities.
Singapore has a strong regulatory framework, providing a secure and transparent trading environment, which gives traders confidence in SGD transactions. For example, if MAS introduces new anti-money laundering regulations, it may increase trust in SGD trading, potentially impacting SGD demand. Understanding these regulations can help traders make informed decisions.
With its high liquidity and stability, the SGD is favored by traders looking for reliable currency pairs. For example, the SGD's stability relative to emerging market currencies can make it a safer haven in uncertain economic conditions, thereby attracting traders during times of global volatility. These unique features make SGD an attractive option for traders seeking lower volatility in the forex market.
Fundamental analysis includes looking at economic indicators, following interest rate decisions, and watching for geopolitical events. For instance, monitoring MAS news releases, such as a shift in the exchange rate policy, can provide insights into potential SGD movements. This information helps traders adjust their strategies to anticipate shifts in the SGD’s value.
With technical analysis, traders study charts and apply indicators to find patterns, support and resistance levels, and determine entry and exit points. For example, if a trader identifies a strong support level at SGD 1.35 to USD, they may set a buy order around that level, expecting a price rebound. Applying technical strategies specifically to SGD trading can reveal valuable trends and opportunities.
Managing risk is crucial in forex trading. For example, traders can set stop-loss and take-profit orders to automatically close positions if SGD moves beyond a certain range. Diversifying investments and practicing position sizing are also essential. Being mindful of psychological factors helps traders maintain discipline, especially when trading the SGD during volatile conditions, such as sudden global economic shifts.
Trading currencies like the SGD has its risks. It’s essential to conduct thorough research and consider getting professional advice. By practicing disciplined risk management, staying informed on current trends, and adapting to new strategies, you can better protect your capital and enhance your potential for success when trading the Singapore Dollar.
Understanding the factors influencing the Singaporean Dollar and applying effective strategies will set you up for a successful SGD trading experience.
We have conducted extensive research and analysis on over multiple data points on Trading the Singaporean Dollar to present you with a comprehensive guide that can help you find the most suitable Trading the Singaporean Dollar. Below we shortlist what we think are the best Singaporean Dollar Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Trading the Singaporean Dollar.
Selecting a reliable and reputable online Singaporean Dollar 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 Singaporean Dollar Investment Platforms more confidently.
Selecting the right online Singaporean Dollar 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 Singaporean Dollar Investment Platforms trading, it's essential to compare the different options available to you. Our Singaporean Dollar 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 Singaporean Dollar Investment Platforms broker that best suits your needs and preferences for Singaporean Dollar Investment Platforms. Our Singaporean Dollar Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Singaporean Dollar Investment Platforms.
Compare Singaporean Dollar Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Singaporean Dollar Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Singaporean Dollar Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Singaporean Dollar Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Singaporean Dollar Investment Platforms that accept Singaporean Dollar Investment Platforms clients.
Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 83% 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. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | 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 |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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 | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | 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 |
You can compare Singaporean Dollar 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 Singaporean Dollar Investment Platforms for 2025 article further below. You can see it now by clicking here
We have listed top Singaporean Dollar Investment Platforms below.
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