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 theMonetary Authority of Singapore(MAS) an organization empowered to act Singapores 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.
Gain Capital, one of the major global companies offering trading in forex, CFDs and other instruments, announced it is rolling out its Bitcoin CFDs to Australia and Singapore, through the regulated local subsidiaries of its City Index brand.Read more
Plus500, one of the major global forex and CFD brokerages, has added a Capital Markets Services license from the Monetary Authority of Singapore (MAS) to its collection of licenses.Read more
Singapore, which according to the Bank of International Settlements data is among the three largest forex markets with an average daily volume of $517 billion in 2016, is keeping its position, despite the dropping number of trades, shows an Investment Trends report on the countrys market.Read more
Phillip Futures, a Singapore forex broker, member of the PhillipCapital Group, said it is the first broker in the country to adopt the multi-asset trading platform MetaTrader 5 (MT5). Trading on MT5 is already available.Read more
Singapores financial services regulator, the Monetary Authority of Singapore (MAS) has published an advisory warning the investors of the dangers of trading with unregulated binary options brokers and platforms.Read more
Forex brokers providing Negative balance protection
ASIC updates warning list with MRT Markets, RIMarkets, and Golden Day Profit
UKs FCA adds Key Markets and CFD Premium to its warning list
Two US Presidential Candidates already accept crypto donations
ASIC warns against unregulated broker GFC Investment
UK residents lost over 27 million to forex and crypto scams last year
Vantage Prime will no longer service non-Australian clients
Ma Banque Crypto review – Is mabanquecrypto.com scam or good forex broker?
GlobalArabFX Review – is globalarabfx.com scam or good forex broker?
Exen Markets Review – is exenmarkets.com scam or good forex broker?
VipFxRoom review – Is vipfxroom.com scam or good forex broker?
Finaxis Review- is finaxis.io scam or good forex broker?
CWG Markets Review – is cwgmarkets.com scam or good forex broker?
XSocio Markets review – Is xsocio.com scam or good forex broker?
rades.com review – Is trades.com scam or good forex broker?
Agricole Trade Review – is agricoletrade.com scam or good forex broker?
BQSmart Review – is bqsmart.co.nz scam or good forex broker?
Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz.com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.
All textual content on ForexBrokerz.com is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz.com does not claim copyright over the imagery used on the website, including brokers logos, stock images and illustrations.