Because of this nature, CFDs should generally recommended for seasoned experts who know how to trade in savvy manners. FXCM was listed among the fastest growing companies by Inc. This should not constitute as advertisement in the territory of Belgium, France and Netherlands. For example there are many Forex brokers with FCA regulation in the United Kingdom that operate in Singapore and have built reliable reputations and a strong presence in Singapore and oftentimes throughout Asia. Conversely, traders will sell a currency pair if the base currency is decreasing in price against the counter currency. It may include free webinars, daily and weekly analysis of various financial instruments, instant news feed from most popular financial news services Reuters, Bloomberg and etc.
In Singapore specifically, Forex trading has a daily average turnover of around $ billion per day, making it one of the five biggest centers for Forex trading worldwide. The Monetary Authority of Singapore (MAS) provides regulation to the country’s financial activities including Forex trading, though some of the top Forex brokers in Singapore are regulated in other regions.
View Content Anyway
And because of the sheer volume of currency traders and the amount of money exchanged, price movements can happen very quickly, making currency trading not only the largest financial market in the world, but also one of the most volatile.
Watch Sara explain the basics of forex trading in less than two minutes. For our minimum and typical spreads, please see our forex product details. Our office is open 5 days a week Monday to Friday from 9am to 6pm. All forms of investments carry risks. IG provides an execution-only service. The information herein does not take into account the specific objectives, financial situation or particular needs of any person.
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. Inbox Community Academy Help.
Log in Create account. How we support you How does IG make money? Market Data Type of market. Markets to trade Forex trading. Your Funds are at Risk. To trade Forex currencies online, a new trader must open an account with a broker. Brokers own trading companies that provide a platform or place where Forex Traders can trade through an online account by the use of the customized software.
ECN Trading in Singapore is one of the best online trading methods. By trading with a broker who offers the use of an Electronic Communications Network ECN to their clients, the trader can be connected with other buyers and sellers of currency pairs. The broker will usually charge a small commission fee for this service, but the benefits of trading through an ECN include the ability to trade after closing hours. ECN Trading prevents brokers from trading against the customer.
Trading through Meta Trader 4 Singapore is a good idea for new traders. Meta Trader 4, developed by MetaQuotes Software helps new traders through the provision of tools for price analysis, the placement and management of trades. Traders on Meta Trader 4 have the option of automated trading.
Order execution tools Multiple order types Add buy and sell stops and limits and pending orders easily when you place a trade. Advanced orders Trailing stops available to help enhance your risk management strategy. Partial close Scale out of trades easily by closing out your trade incrementally. Hedging tools Go long and short simultaneously, with hedging enabled on all MT4 accounts. You can also trade on Android trading apps Get connected to the markets on our app for Android users.
With fast, reliable execution and tight spreads, here's why our clients choose City Index.
General Regulation & Singapore Regulation
Sep 02, · They may regulate for the benefit of US users, how about foreign users like us in Singapore??? The SEC just wants to make sure its regulated firms don't blow up or run off with their customers' money. The Securities and Futures Act (SFA) covers financial market operators including brokers for leveraged forex trading in Singapore. It ensures the proper functioning of the market. For individuals, the immediate concern is the protection of own trading and investing capital. While Travelex Singapore is a licensed holder for leverage Forex trading in Singapore, but they do not provide currency trading platform for retail traders. Travelex Global Business Travelex Singapore.