Singapore Forex Broker

The average forex turnover volume in Singapore is ranges between $260 and $300 billion per day, ranking it among the five biggest forex centers across the globe. 

 

In 2012, South-East Asia registered significant growth in forex trading volumes for all asset classes. For a while now, Hong Kong, Sidney and Singapore have been competing for dominance in this region, and recently the latter overpowered the other two and has managed to reinforce its positions as a major global forex and OTC derivatives hub. 

 

Currently, more than 600 financial institutions are based in Singapore, and these range from banks to insurance companies to forex and CFD brokers. The operations of all these is overseen by the Monetary Authority of Singapore (MAS) – an organization empowered to act Singapore's central bank, manage the official foreign reserve of the country, to develop and promote Singapore as an international financial center, and – last but not least – to serve as a regulatory body when it comes to forex trading. In order to operate in the country, every broker must obtain a MAS license

 

Below is a list of forex brokers operating out of Singapore. 



Singapore Forex Broker

Broker Regulated Min.deposit Leverage Spread Promotion Review
$1 1:200 0.8 Review Website
$1 1:50 0.9 N/A Review
$50 1:200 (1:50 in US) 1.1 Review
$10 000 1:100 2 Review
$200 1:400 1.3 $10 on deposit bonus Review
$25 1:100 0.9 Review
$10 000 1:50 2 Review
$100 1:200 3 up to 75% Review
$250 1:50 1 5% Bonus Review

Related News

Investment Trends sees 21,000 new forex traders in Singapore in 2016

Nov 12 2015 13:21:51 Stanimir Zhelev in Market

Retail forex market research company Investment Trends expects 21,000 new investors in Singapore to start trading either forex (FX) or contracts for difference (CFDs) over the next year. The figure represents an increase of 17,000 investors, compared to 2014. Read more

FIBO Group Launches Business in Singapore

Feb 03 2014 08:45:32 Maria Nikolova in Market

From the start of February 2014, Cyprus-based Forex broker FIBO Group will be operating from Singapore, in a move that adds momentum to the company's global expansion. The broker has a new office, located on the 20th floor of one of the towers of Raffles Place. Read more

Singapore Non-Oil Exports Tumble As Global Demand Dips

Jan 17 2013 06:01:02 Stanimir Zhelev in Market

Singapore non-oil domestic exports (NODX) contracted at a steeper-than-expected pace in December with shipments to all top ten markets suffering a set back, data published by International Enterprise (IE) Singapore revealed Thursday. The NODX plunged 16. Read more

Singapore Non-Oil Exports Fall More Than Expected

Jan 17 2013 03:01:03 Stanimir Zhelev in Market

Singapore's non-oil domestic exports (NODX) fell more than expected in December, data published by International Enterprise (IE) Singapore revealed Thursday. The NODX plunged 16.3 percent year-on-year in December, following 2.6 percent decrease in the previous month. Read more

Singapore Private Sector Construction Demand To Weaken This Year: BCA

Jan 16 2013 07:31:08 Stanimir Zhelev in Market

Singapore's private sector construction activity will likely weaken this year, owing to slower domestic economic growth and the continued global uncertainties, government data showed Wednesday. Read more