Universal studio 123formbuilder.com,avepoint,IBM MaaS360 with Watson™,web.mit.edu,decisions Top 5 Singapore Forex Brokers -Southeast Asia has become a popular region for Forex trading as people are looking to supplement their income and to take advantage of the top Forex brokers operating throughout the region. In Singapore specifically, Forex trading has a daily average turnover of around $300 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. Specifically because Singapore is a fairly small country, if you’re looking for one of the best Forex brokers in Singapore you may want to consider a broker with global reach that operates in the region. 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). Several CySEC-regulated brokers also serve residents of Singapore dependably. Regulated Forex Brokers in Singapore Though regulation is certainly an important factor when evaluating the top Forex brokers in Singapore, spreads, fees, platform options and other factors are important to consider as well. To help make your decision easier we’ve tested the top Forex brokers in Singapore and recorded our findings in the reviews below. Don’t be afraid to trade on a demo before depositing money into your live account. This is the best way to make sure that our recommended brokers are the best for you. Broker's Name
1.IFC Markest IFC Markets Review IFC Markets, located in the British Virgin Islands, is one of the leading regulated brokers in CFD and Forex markets. The company was founded in 2006 and since then, IFC Markets has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading. The company holds Professional Indemnity Insurance with AIG EUROPE LIMITED.
2.FXTM FXTM Review FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB. Accounts There are three main Forex trading accounts to choose from at FXTM. There is no minimum or maximum deposit on any of them and no commission is charged. The Standard and Fixed Spread accounts can be used for USD/EUR with a floating leverage of 1:1000 and 1:500 respectively. The Cent account trades USCent / EUCent and offers a fixed leverage starting at 1:1000 and 1:25 for Spot Metals. In addition to these accounts, FXTM offers three ECN accounts: an ECN, an ECN Zero account and an XTM ECN MT5 each one with different spreads or commissions. The Amanah Account is a swap-free option and is available for those who are Shariah-compliant. When doing this review I was pleased to see that a demo account is provided for beginner traders who want to practice their trading before putting any of their own money at risk. FXTM has just added a new account to its lineup. As of April, 2016, it is offering an account that specializes in trading CFDs in shares. With the new FXTM Shares Account, traders can select more than 180 US shares with 1:33 leverage on the famous MT4 platform which ensures instant execution. Major corporations such as Apple, Facebook, Alibaba, Twitter and Microsoft are included in the lineup.
3.AVATRADE AvaTrade Review AvaTrade, established in 2006, is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. AvaTrade is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union. It is also regulated by ASIC in Australia, the Financial Services Commission (FSC) in Japan, as well as by the B.V.I Financial Services Commission in the British Virgin Islands.
4.FXCM FXCM Review FXCM (Forex Capital Markets) was founded in 1999 in the U.S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U.S. exchange listing the equity of large technology-based companies. FXCM was in the news a great deal during the years of 2015 and 2016 following an extremely sharp movement in the value of the Swiss Franc, primarily against the Euro. The consequence of that crisis was a sudden loss of $225 million suffered by FXCM, requiring a major restructuring of the firm’s capital, and this was primarily met by the drawing of a loan of $300 million from Leucadia National Corporation. The firm also sold off many of its less core business activities, notably including a major website. There was eventually a major change made to the firm’s senior management, with an employee of Leucadia being appointed as chairman of the FXCM board. Leucadia continues to hold a major chunk of FXCM’s equity.
5.CITYINDEX City Index Review As one of the oldest and most established Forex and CFD brokers in the world, City Index has grown to be one of the world leaders in spread betting and CFD trading. The company was established in the UK in 1983 and has been around for over 30 years, a timeframe that is practically unheard of in the industry. City Index has recently been acquired by GAIN Capital Holdings, Inc. a global leader in online trading, creating a retail business with over 235,000 funded accounts, $1.2 billion in customer assets and $3.1 trillion in annual trading volume. The company has offices in London, Dubai, Sydney, New Jersey, Shanghai, Tokyo, Hong Kong and Singapore which accommodates a staff of over 800 employees. City Index and transact over $400 billion in trade volume every month for individuals in over 50 countries worldwide. City Index is authorized and regulated by the UK’s Financial Conduct Authority (FCA). City Index provides competitive spreads and access to thousands of markets worldwide including indices, shares, currencies, commodities, bonds, interest rates and more. The company has been the recipient of many awards over the years for their spread betting, CFD and FX trading services as well as product innovation.