Full List of Singapore Forex Brokers. What is Forex Trading? 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. You need a broker to trade in binary options.

The broker will access the binary options market on your behalf and then execute your trade. You are the one to tell your broker when to sell or to buy an asset. In binary options, the financial pay off is a fixed monetary amount or nothing at all.

The trade is also referred to as "all-or-nothing options. Earn Money with Trading in Singapore: Begin Trading Here. Open Real Account. Try a Free Demo. FP Markets: Read the Review. Over , Accounts Open Since , Employees Globally Winner of 18 Industry Awards Free Monthly Contests to Enter and Win Cash Prizes 4-Tier Loyalty Program.

Hot Forex: Read the Review. Trade with up to Leverage on the MT5 Platform Fully Regulated with the FCA in the UK Trade with Ultra-Thin Spreads - As Low as Zero Pips Trade and Earn XM Points that can be Redeemed for Credit Bonus Rewards.

XM: Read the Review. The current XM bonuses available differ depending on the country you reside in. To view the specific promotion available to you, click here. How to Invest in Forex in Singapore Choose a Broker. Create an Account. Start Trading! ECN trading with leverage up to FPMarkets consistently ranks among the top 5 Forex and CFD brokerage firms in Singapore.

They offer comprehensive ECN style trading backed up by plenty of daily market research and full access to their Autochartist services. Based in neighbouring Australia, FPMarkets features tier 1 regulation via the Cyprus Securities and Exchange Commission CySEC in the EU and closer to home via the Australian Securities and Investments Commission ASIC.

The latter regulator may be of more interest to traders based in Singapore as Australian regulators are known to be somewhat more relaxed when it comes to leverage.

This results in FPMarkets being able to offer a maximum leverage as high as to 1. Cons Availability of Iress geographically restricted. Best all-around broker with high floating leverage and fast execution.

Singapore forex traders have a number of-top tier forex and CFD brokers available to them, which help to create fantastic depth and diversity in trading forex, CFDs, cryptocurrencies and more. At the top of the list is FXTM, otherwise known as Forex Time. This top brokerage has been in business since and offers plenty of meat on the bone in top cryptocurrencies and other assets.

This includes no less than 62 currency pairs and crosses, 11 stock index CFDs, stock CFDs, and 3 commodity CFDs. Additional trade options include gold, silver, natural gas and crude oil. Traders in Singapore looking to trade in stocks that are not wrapped in CFDs should be checking out what FXTM have to offer.

Cons Limited choice of cryptocurrencies and commodities. Highly regulated, choice of fixed or floating spreads. AvaTrade features in the top 5 best international brokers in Singapore for traders looking for a decent selection of Forex pairs and CFDs.

Based in Ireland, AvaTrade features a high level of regulation in multiple jurisdictions including Australia, Japan, South Africa, and the British Virgin Islands. AvaTrade is directly regulated in Ireland and by extension, the European Union , with its main regulator in the form of the Bank of Ireland.

AvaTrade features an impressive range of tradable assets which includes vanilla options as well as gold options, with wide asset choice across seven different sectors. Cons Trading costs competitive but nothing special. BlackBull Markets. Best ECN trading environment, with scalping and hedging. BlackBull Markets was founded in in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions.

They are regulated in New Zealand by the Financial Services Providers Register FSPR and offer a maximum leverage on some Forex currency pairs as high as to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia.

BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

Cons Limited deposit options. GET STARTED. To give you the best possible experience, this site uses cookies.

Last Updated: July 13, By Rayner Teo. Forex trading refers to the buying and selling of different currencies — so you can profit from the difference. If you want more details, check out this free Forex trading course. Better risk management — You can trade micro-lots which allows you to better manage your risk.

And unlike Stocks, the Forex market seldom has gaps which mean you will rarely lose more than intended. This means you can place your trades anytime from Sunday around 5 pm EST to Friday around 4 pm EST depending on daylight savings. You only pay for the spread. Although the Forex market is open 24 hours a day, it behaves differently during different sessions. Because the London session is the time the Forex market move the most which means you get more trading opportunities.

So looking at the table below, the best days to trade Forex is on Tuesday, Wednesday, and Thursday as volatility is the highest during these days.

Forex Trading Course for Beginners. The Essential Guide to Forex Trading for Beginners. TradingwithRayner Academy. If you answer yes to at least 3 of the above, then I recommend you sign up for a Forex trading course in Singapore. Alternatively, if a Forex broker has a physical office in Singapore, you can go down and open an account. However, because of regulations, these Forex brokers only offer a maximum leverage of 1 to 50 which is low considering overseas Forex brokers can easily offer 1 to But before you go, I want to share with you a few Forex trading tips that could reduce your learning curve and save you thousands of dollars in the long-run.

And if you want to know how much you can really make from trading, then check this article out. If you want to see a sample, then check this out… How to be a consistently profitable trader within the next days.

Hey Rayner, I do appreciate the hard work you are doing to help retail traders. The article is very helpful. Hey Rayner, I have traded CFDs for a quite long and when I look back I came to realize that the transaction costs are the killer to my trading, then I decided to look for Futures markets but I find difficulty to tell the pros and cons of futures markets, how to find brokers as many of them I do find, offer CFDs markets, how to tell whether this market is futures market without subjectivity!

Can you publish the article on this, like you did on CFDs? I am opening myself up to the possibility of making more money with out the usual mindset of working Enjoying the site so far.

Great job, Rayner. Been following your tutorials for a while. But in the end of the day, you must get paid in your currency. Thank you. To achieve financial freedom and to be able to spend more time with family which is a rare case for me because of my full time job nature.

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. The Essential Guide to Forex Trading Singapore Edition. What is Forex trading and how does it work? So, what are the advantages of Forex trading? Moving on to Forex Singapore… Forex trading hours in Singapore time Although the Forex market is open 24 hours a day, it behaves differently during different sessions.

So, here are the start and end time for each session in Singapore time … Summer period October to March : Australian session: 6 am to 3 pm Tokyo session: 7 am to 4 pm London session: 3 pm to 12 am New York session: 8 pm to 5 am Winter period March to October : Australian session: 5 am to 2 pm Tokyo session: 7 am to 4 pm London session: 4 pm to 1 am New York session: 9 pm to 6 am When is the best time to trade Forex in Singapore?

Next… When is the best day to trade Forex? Now at this point, you might be thinking of how to start Forex trading in Singapore. But before we get there, I want to share more on… How to learn Forex trading in Singapore? It involves risk, managing your emotions, and the ability to accept uncertainty. So, who should sign up for a Forex trading course in Singapore? Does it offer good customer support like live chat? Can you get your money back quickly from withdrawals?

Does it offer the trading platform you want? Does it offer the markets you want? Next… How to open a Forex trading account in Singapore Most Forex brokers allow you to open an account online. Also, here are a few things that are required: Proof of your identity Passport, IC, etc. CMC, IG and Oanda — are they any good?

So, are they any good? Which Forex trading platform should you use? Right now, the 2 most popular Forex trading platforms are MT4 and TradingView. If you must execute your trades on the same platform, then go with MT4. If you want more features, then go with TradingView. Forget about quitting your job and trade full-time. Forget about taking a few hundred dollars and turning it into millions.

And different trading goals require a different trading strategy. If you want to grow your wealth, then swing or position trading suits you. If you want to trade without discretion, then systems trading is for you.

If you want the adrenaline rush, then trade with times leverage just before NFP. The bottom line is this: Know your goal, then develop your trading strategy. So the lesson is this… You can have the best trading system in the world. If you want to be a consistently profitable trader, you must have a consistent set of actions. How much do you risk per trade?

Conclusion Forex trading in Singapore is just like any other business. Leave a comment below and share your thoughts with me.

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Each broker was graded on different variables, including our proprietary Trust Score algorithm. It involves risk, managing your emotions, and the ability to accept uncertainty. Regardless of experience, Interactive Brokers provide a suitable platform for trading either CFDs or foreign currency. Singapore boasts the largest forex market in Southeast Asia, and the third largest in the world. Pepperstone — Best MT4 Forex Trading Platform In Singapore CMC Markets — Best MT5 Forex Trading Platform In Singapore Saxo Markets — Best Forex Trading Demo Account Interactive Brokers — Best Singapore CFD Trading Platform City Index — Best Charting Software For Singapore Traders Plus — Best Mobile Forex Trading Platform. Trade with up to Leverage on the MT5 Platform Fully Regulated with the FCA in the UK Trade with Ultra-Thin Spreads - As Low as Zero Pips Trade and Earn XM Points that can be Redeemed for Credit Bonus Rewards. For Mac OS computers Wine and PlayOnMac applications need to be installed prior.

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