Best Forex Broker In Singapore 2017

When it comes to Forex trading, picking the right broker is crucial. A good broker can make a significant difference in helping you achieve your trading goals. In Singapore, there are plenty of brokers to choose from, each with their own strengths and weaknesses. In this article, we’ll take a look at the best Forex brokers in Singapore for 2017.

1. OANDA

OANDA is a popular Forex broker in Singapore that has been around since the mid-1990s. They are known for their low spreads, fast execution, and excellent customer service. OANDA offers a wide range of trading instruments, including Forex, commodities, and stock indices. They also have a user-friendly platform that is easy to navigate for both beginners and experienced traders.

2. IG

IG is a global leader in online trading, with a strong presence in Singapore. They offer a wide range of trading instruments, including Forex, stocks, and commodities. IG is known for their competitive pricing and fast execution, which is essential in the fast-paced world of Forex trading. They also offer a range of educational resources for traders, making it a great option for beginners.

3. CMC Markets

CMC Markets is a well-established Forex broker in Singapore that has been around since 1989. They offer a wide range of trading instruments, including Forex, stocks, and commodities. CMC Markets is known for their low spreads and fast execution, which is essential in the fast-paced world of Forex trading. They also offer a range of educational resources for traders, making it a great option for beginners.

4. Saxo Markets

Saxo Markets is a Danish investment bank that has a strong presence in Singapore. They offer a wide range of trading instruments, including Forex, stocks, and commodities. Saxo Markets is known for their competitive pricing and excellent customer service. They also have a user-friendly platform that is easy to navigate for both beginners and experienced traders.

5. City Index

City Index is a well-known Forex broker in Singapore that has been around since 1983. They offer a wide range of trading instruments, including Forex, stocks, and commodities. City Index is known for their low spreads and fast execution, which is essential in the fast-paced world of Forex trading. They also offer a range of educational resources for traders, making it a great option for beginners.

6. Plus500

Plus500 is a popular Forex broker in Singapore that has been around since 2008. They offer a wide range of trading instruments, including Forex, stocks, and commodities. Plus500 is known for their easy-to-use platform and excellent customer service. They also offer competitive pricing and fast execution, making it a great option for both beginners and experienced traders.

7. eToro

eToro is a social trading platform that is popular among Forex traders in Singapore. They offer a wide range of trading instruments, including Forex, stocks, and commodities. eToro is known for their user-friendly platform and excellent customer service. They also offer a unique copy trading feature that allows traders to copy the trades of successful traders, making it a great option for beginners.

8. AvaTrade

AvaTrade is a well-established Forex broker in Singapore that has been around since 2006. They offer a wide range of trading instruments, including Forex, stocks, and commodities. AvaTrade is known for their competitive pricing and fast execution. They also offer a range of educational resources for traders, making it a great option for beginners.

FAQ

Q: What should I look for in a Forex broker?

A: When selecting a Forex broker, you should consider factors such as their reputation, trading platform, range of trading instruments, pricing, and customer service.

Q: Are Forex brokers regulated in Singapore?

A: Yes, Forex brokers are regulated by the Monetary Authority of Singapore (MAS).

Q: What is the minimum deposit required to open a Forex trading account in Singapore?

A: The minimum deposit required to open a Forex trading account varies depending on the broker. Some brokers may require as little as $10, while others may require thousands of dollars.

Q: Can I trade Forex in Singapore if I’m not a resident?

A: Yes, you can trade Forex in Singapore even if you’re not a resident. However, you will need to open an account with a MAS-regulated broker and comply with the country’s regulations.

Conclusion

There are plenty of Forex brokers to choose from in Singapore, each with their own strengths and weaknesses. Ultimately, the best Forex broker for you will depend on your individual trading needs and preferences. By considering factors such as reputation, trading platform, range of trading instruments, pricing, and customer service, you can find a broker that is right for you.