We found 11 online brokers that are appropriate for Trading Singapore Dollar Investment Platforms.
With the weakness of the United States Dollar against the Chinese Renminbi, the Singapore Dollar will remain stronger. After starting the year 2020 with weakness, the Singapore Dollar strengthened following the strengthening Yuan and weakening USD. From SGD 1.46 to SGD 1.3715, the Singapore Dollar recorded a strong performance even as it recovered from the weak Singapore Dollar. The strengthening was predicted to extend in 2021, following the expected global economic recovery.
The Singapore Dollar reached the level of 1.37 to coincide with the fact the United States Dollar was experiencing a broad weakening. More specifically, the Singapore Dollar is highly related to the dynamics of CNY-USD constellations. If the USD weakens and the Chinese Yuan strengthens, the Singapore Dollar would likely strengthen. The tension between the United States and China creates the volatility that USD/SGD is vulnerable to. The Chinese Yuan itself has strengthened from 7.16 to 6.91 against the United States Dollar.
With the broad weakening of USD and strengthening of CNY, the Singapore Dollar may sustain the strength throughout 2020 and even in 2021. Banking economists were expecting SGD to continue strengthening for the next months following the sustained situation. The expectation is reasonable because SGD has been managed in a group and other currencies that all strengthened against the USD. As the major trading partner, the Chinese currency, Renminbi, plays a crucial role in this particular condition.
Even though uncertainties still surround the Singaporean economy, the country is in the Asian region that seems to recover from the pandemic-driven crises faster than other regions. The Forex market put greater concerns on the broad weakening of the United States Dollar. The US-China tension drives volatility on the Forex market, but the Chinese Yuan seemed to win in those particular times. The Chinese currency was expected to strengthen in Q3-Q4 2020 even though it experienced a GDP decline for the first time since 1992.
The United States experienced an extreme GDP fall of almost 33 per cent amid the COVID-19 pandemic. The USD reflects the US economy, and there's an instant shortcut, said, analysts. Acting as the last resort lender, central banks would go through an accommodative approach in the pandemic crisis.
Despite the volatile factors of US-China relations, SGD is a firm currency. The city-state can support the economy throughout the hard times by utilising its strong fiscal reserves decisively and swiftly. These create a foundation for the Singapore Dollar to strengthen following the broad weakening USD. The inline movement of USD and SGD was expected to continue until 2021. With the sustained weak USD, SGD would continue to strengthen in the longer term up to 12 months.
The expected normalising global macro situation should have favoured SGD-USD along with other Asian currencies. COVID-19 was worsened, particularly in the US and other countries that drove The Fed and other central banks to reinforce the easy monetary policy they've been carrying out for months.
The Fed's easing drove the spike in USD supply that caused the sell-off of the greenback for a while. The deteriorated US debt load has also reinforced the broad weakening of the USD. That leads to the downgrade of the US sovereign look from the stable position to negative, which refers to the problems in the US public finances. It created a situation that allowed the Singapore Dollar to strengthen even though its economy was not fully recovered.
With the broad USD weakening dominating the context, we can see how the Singapore Dollar is strengthening. The external factors played a more contributing role even though the economy is mature enough for this kind of crisis. At this point, SGD also shares the uncertainties with the USD movements following the second wave of COVID-19 outbreak in the US and Uncle Sam's upcoming presidential election. That's where the SGD is expected to get stronger than SGD 1.4/USD.
However, as previously mentioned, Singapore itself has not fully recovered from the pandemic-driven crisis. It's one of the countries that got hit fatally by the outbreak and experienced a slow and unsteady recovery entering the second half of 2020. At this point, the SGD would be more dependent on what's happening with the USD instead of performance from the inside. In other words, the internal factors could be the ones that limit the strengthening of the SGD. If that's the case, how about the proposition that the SGD would remain strong even in 2024? That's true if the USD's weakness is prolonged, but if the global reserve currency gains its strength, that would mean a weakening SGD, without a doubt.
The Singapore Dollar would be able to strengthen more consistently if the country pursued its economic recovery. Otherwise, the volatility that comes from US-China tension and US's events would halt the strong performance of the SGD.
We have conducted extensive research and analysis on over multiple data points on Weak Singapore Dollar to present you with a comprehensive guide that can help you find the most suitable Weak Singapore Dollar. Below we shortlist what we think are the best Singapore Dollar Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Weak Singapore Dollar.
Selecting a reliable and reputable online Singapore 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 Singapore Dollar Investment Platforms more confidently.
Selecting the right online Singapore 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 Singapore Dollar Investment Platforms trading, it's essential to compare the different options available to you. Our Singapore 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 Singapore Dollar Investment Platforms broker that best suits your needs and preferences for Singapore Dollar Investment Platforms. Our Singapore Dollar Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Singapore Dollar Investment Platforms.
Compare Singapore Dollar Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Singapore Dollar Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Singapore Dollar Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Singapore Dollar Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Singapore Dollar Investment Platforms that accept Singapore Dollar Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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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) 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), 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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | 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), 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) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | 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 | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 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 | 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, | 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 | 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 Singapore 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 Singapore Dollar Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Singapore Dollar Investment Platforms below.
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