WebHere’s a breakdown of the top 10 best forex trading apps in Singapore: XM – Best Overall Forex Trading App In Singapore. HotForex – Most Trusted Forex Trading WebForex CFD trading is a trading method for Singaporeans Forex traders to speculate on the up or down movement price a specific Forex currency pair, using high risk leverage on a WebOur best forex broker Singapore list is. Pepperstone – Best MT4 Forex Trading Platform In Singapore ; CMC Markets – Best MT5 Forex Trading Platform In Singapore ; Saxo WebIG is a leader in education, making its IG Trading mobile app the best forex trading app for beginners in As an alternative, Plus's easy-to-navigate app provides the Web6). FXTM. FXTM is an established mobile trading app that was founded in , one of the best trading apps in Singapore. It has offices located around the world and offers traders ... read more
Finding the best online trading app as a Singaporean can be a difficult process. Most Especially getting the ones that accept Singaporean forex traders and would let you download them on your android or ios device.
Below is the list of all the best forex trading apps that accept Singaporean traders. XM App 9. Trade: 0. Leverage: Lowest Spreads: 0. HotForex App 9. IQ Option App 9. IC Markets App 9. FXTM App 8. OctaFX App 8. Alpari App 9. ExpertOption App 8. eToro App 9. Leverage: Lowest Spreads: 1. Olymp Trade App 8. Best Forex Trading Apps In Singapore Top HotForex — Most Trusted Forex Trading App. IQ Option — Ideal FX App For Beginner Traders. IC Markets — Best Forex App With The Lowest Spreads.
FXTM — Best Forex App For Online Trading. OctaFX — Award Winning International Forex App. Alpari — Ideal App For Dedicated Forex Day Traders. ExpertOption — Best Online Forex Trading App Experience. eToro — Best App For Forex Copy Trading. Olymp Trade — Best Reliable Forex Trading App. Sophisticated orders can be placed, though Next Generation lacks backtesting or VPS capacity, which is available on MetaTrader 4.
The chart forum community gives traders the opportunity to engage with like-minded analysts and investors. Clients can view, copy, and comment on the expert analysis made by CMC Markets global market analysis team.
Saxo Markets offers user-friendly platforms, competitive spreads, and access to diverse global markets. Saxo Markets is a MAS Monetary Authority of Singapore regulated broker with offices in Singapore.
As well as MAS regulation, they are overseen by ASIC AU and the FCA UK. Three platform options are available that offer demo accounts, with no account registration required for standard accounts to trial SaxoTraderGO and SaxoInvestor. SaxoTraderGO is a seamless platform for investors who prefer easy access to their portfolio from a range of devices.
As well as charting, market research, and technical analysis features, the platform gives access to the Saxo Academy. No account registration is required to demo SaxoTraderGO via a standard account. The platform provides a trial balance to simulate trades and explore the various research tools.
Saxo Markets Pro desktop platform is suitable for active or professional traders. The sophisticated multi-screen platform provides personalised market information, advanced trading tools and algorithmic orders. A software download and account registration are required to demo SaxoTraderPRO. The platform is fast-loading, intuitive and fully customisable. SaxoTraderPRO is available on Mac and Windows and access to the demo software is granted for 20 days. Launched in , SaxoInvestor is a user-friendly platform for phones, tablets, and computers.
The demo account does not require account registration and provides a trial balance to practice trading. It is not possible to practise CFD or forex trades as the platform is limited to stocks, mutual funds, ETFs, bonds, and managed portfolios. The objective of SaxoInvestor is to focus on new investment opportunities and markets such as cybersecurity and electrical vehicles. The demo account offers a simple overview of mock portfolios and market data, with trial access to the platform restricted.
If you are looking to focus on CFD contract for difference trading in Singapore, Interactive Brokers is a strong candidate. Interactive Brokers offers a transparent fee structure with low commissions, a range of trading platform options, and over 13 stock CFDs and stock index CFDs.
Interactive Brokers have a long-standing reputation as a trusted CFD broker. Founded in , parent company IBKR is listed on the New York Stock Exchange. They recently established offices in Singapore and received approval for a MAS Monetary Authority of Singapore licence, with the broker operating in Singapore since early The forex broker is currently regulated by top-tier financial authorities such as the FCA UK , IIROC Canada , ASIC Australia , SILL Luxemburg , SEBI India and SFC Hong Kong.
Unlike forex brokers Pepperstone and Oanda, Interactive Brokers do not offer complex instruments such as cryptocurrency CFDs. Regardless of experience, Interactive Brokers provide a suitable platform for trading either CFDs or foreign currency.
For novice investors, trades can be executed on the mobile platform iOS and Android or online with the Client Portal or WebTrader. For experienced traders requiring advanced tools, clients can use either WebTrader online or Trader Workstation desktop. Designed for beginners, Client Portal is a user-friendly trading platform providing an intuitive introduction to CFD trading. With all the tools you require to start off, it is simple to execute quick trades, analyse market news, set up notifications, and view portfolio performance within a simple layout.
Interactive Brokers WebTrader offers an organised trading platform where investors have access to both basic and sophisticated tools. Traders can interpret charts, market data, and news, with the Portfolio News tool filtering market news relevant to your current portfolio. Basic orders can be executed with one click while the Order Management panel allows for comprehensive orders to be placed. Interactive Brokers desktop platform allows traders to engage in sophisticated trades and technical analysis.
Designed for high-volume traders using a Pro account, Trader Workstation offers advanced tools in a single workspace. CFDs, stocks, futures, metals options, forex, funds, and bonds can all be traded from the same account and workstation.
Interactive Brokers desktop, mobile and Client Portal platforms offer the unique IBot feature where orders can be placed via voice or text commands. Interactive Brokers offer share CFD trading across all platforms. The competitive commission and overnight financing fees make Interactive Brokers one of the best brokers for CFD trading. The commission is subject to the value of share CFDs traded per month, with higher volume traders entitled to lower fees.
Yet, this may change when Interactive Brokers begin Singaporean operations, which commenced in City Index is a MAS Monetary Authority of Singapore , FCA UK , and ASIC AU regulated broker available on WebTrader and MT4 trading platforms.
WebTrader is an online platform that is user friendly for both beginners and advanced traders. The Technical Insight hub provides a snapshot of the most bullish, bearish, and popular instruments.
WebTrader provides robust charting features with 12 different chart types and over 80 indicators for technical analysis. You can trade directly from charts with one click, with positions and stop and limit orders clearly displayed. The drawing tools offered range from basic trend lines to Fibonacci retracements, with the ability to save all charting for future use. Another option when using City Index as your broker is AT Pro.
Advanced traders can apply automated trading strategies and utilise extensive charting options with over indicators. If your preference is trading forex, City Index is available on MetaTrader4 MT4. Trading on MT4 offers different spreads, lot sizes, and leverage to AT Pro and WebTrader. The platform is fully customisable, from the economic calendar to charting features. MT4 has a range of order execution tools that assist clients in producing the best strategies, including:.
Plus is a forex broker regulated by MAS Monetary Authority of Singapore , ASIC AU , FMA NZ , CySEC Cyprus , and the FCA UK. Plus offers a comprehensive mobile trading platform available on iOS, Android, Windows Phone, and Smartwatches.
The software is fully functional and allows you to make deposits and withdrawals, access the education centre and execute trades. In addition to basic trading features, the app offers advanced and unique features to help investors make informed trades:. You can create lists of your favourite instruments to save time executing trades. The alert function is more comprehensive than other forex brokers. The Plus app allows users to set up alerts for price changes in indices, forex, shares, options, ETFs, and commodity markets.
For all alerts, you can choose whether you want to receive emails, SMS or push notifications to keep you updated with market movements. The Economic calendar compiles Dow Jones data to keep traders up to date with significant economic events. As well as providing the event time and details, Plus suggests the expected impact that will occur, as well as the instruments that will be affected. The corporate event calendar supplies information regarding significant financial changes.
The calendar outlines the time, company, and country, as well as the type of event, i. FP Markets. Exness 2. Avatrade 3. HFM 4. Forextime 6. CM Trading 7. Go Markets 8. Alpari Easy Markets. OctaFX 2. Bdswiss 3. Axiory 4. Pepperstone 5.
Plus 6. Exness 8. Go Markets 9. com Oanda 2. com 4. TD Ameritrade 5. ATC Brokers 6. Nadex 7. com 8. ACY 9. NinjaTrader Best CFD Trading Strategies What is CFD Trading? Top CFD Forex Brokers. What is Bitcoin? Bitcoin Trading Bitcoin Trading Tips and Strategies Bitcoin Mining Bitcoin Forex Brokers Quotes from Bitcoin Believers Bitcoin Halving Bitcoin Brokers Best Bitcoin Trading Apps Bitcoin Trading Bots Cloud Mining. Ultimate Guide to Cryptocurrency Cryptocurrency Pairs Cryptocurrency Brokers Cryptocurrency Exchange Platforms Cryptocurrency Blockchains.
Litecoin Ethereum Ripple Bitcoin Cash. Global Impact of Crypto Trading Worldwide Currency Report Cryptocurrency Cap Crypto Transaction Speeds Crypto Diversity Worldwide Crypto Readiness Report Crypto Opportunity Cost Crypto Spending Top Anti-Crypto Countries Crypto Regulation Index Global Investment Report. How to Invest Money How to Invest in ETFs How to Invest in Index Funds How to start Forex Trading How to Pick Shares How to Report a Forex Broker How to be Consistent in Forex.
The most Successful traders in the world have proven that making money in forex trading is not an impossible feat. Many inspiring stories have been recorded by successful traders around the Southeast Asian region , particularly in Singapore.
Singapore is known as one of the major financial hubs in Asia, with a lot of opportunities on offer — including forex trading. The list of most Successful Singaporean Forex Traders is also unique, as it features an excellent Female Trader — a rare find.
Twitter account: collinseow. Collin Seow is the founder of Collinseow. Seow is known as a charismatic trainer, his courses assisting potential investors with trading and investment strategies. Seow has been trading stocks for over 21 years.
Rayner Teo is an independent trader , ex-prop trader, and founder of TradingwithRayner. Teo is without a doubt the most followed trader in Singapore and was voted as one of the top 5 most helpful traders on Twitter, with more than 23, users reading his blog each month. Teo has been trading Forex for over 8 years and has adopted a Trend Following approach.
Yeo primarily trades futures options and holds a Certified Financial Technician CFTe designation, accredited by the International Federation of Technical Analysts IFTA. Yeo started trading options approximately 3 years ago.
Twitter account: adamhooktrader. Adam Khoo is a popular trader , motivator, and author originating from Singapore. Khoo has established multiple training institutions, including Piranha Profits for traders, Wealth Academy for investors, and Adam Khoo Learning Technology Group AKLTG for children and teens.
In addition, Khoo is also a best-selling author with books such as Secrets of Self-Made Millionaires , Master Your Mind Design Your Destiny , Secrets of Millionaire Investors , and many more under his belt. In , Khoo took his place on the list of the 25 richest Singaporeans under Twitter account: karenFoo8. Karen Foo is known as a world-class financial advisor and has been invited to speak at multiple international events in various countries such as Brunei, China, Hong Kong, and many more.
Foo has been included in the Top 30 Financial Experts of Asia by Street Smart University and is frequently invited to be a motivational speaker for events participated by CEOs and top investors. Foo is also a bestselling author who shares her experiences in her books, including Turning Ideas into Profit and Your Cash Moves , the preface of which is written by Adam Khoo. Foo actively shares motivational words, tips, tricks, experiences, and strategies in forex trading through her social media accounts.
Although Lukasz Wilhelm does not live in Singapore , he does have a wide range of students from this part of Asia.
For this reason, Wilhelm is included in this list. He is by far the most successful of the listed traders in terms of trade profit having. Lukasz Wilhelm is the developer of the IQD momentum Trading system. Wilhelm is also a hedge fund manager which takes pride in growing new traders into potential millionaires.
When it comes to profits and risks in the Forex Market , they walk shoulder to shoulder. Singaporean traders need to know how to reduce their risk and one of the key things is to choose a reliable Forex broker. Multiple globally regulated Forex Brokers accept Singaporean traders and here is an overview of the 10 Best available.
Trading platforms on offer include MetaTrader 4 , MetaTrader 5 and cTrader. All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for 30 days. XM Group XM is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.
XM offers traders more than financial instruments to trade on both the MT4 and MT5 platforms , including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.
Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs. Traders must take note that XM does not offer binary options or futures.
HotForex was established in is well regulated by FCA, CySEC, DFSA , FSCA and SFSA. The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators. IQ Option is a broker developed under the IQ Option Europe company which was founded in IQ Option contains a CySEC license Cyprus Securities and Exchange Commission from Cyprus , with permission to provide its financial services within the European Economic Area zone, with several licenses from other EU local jurisdictions.
IQ Option offers its clients services in binary options , stocks and shares , currencies , and ETF trading. Does not provide MT4 and MT5 trading platforms. Not available for traders in the US, Canada, Australia, Japan, and other countries. No deposit and withdrawal fees. IQ Option provides clients with a proprietary platform which is also used for CFDs and for binary options trading.
Traders can also install the mobile trading app which is provided free of charge. The mobile trading app has been designed specifically for use on smartphones and mobile devices and allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades. The IQ Options trading platform and website are available to traders in thirteen different languages and allows traders to choose the currency to trade with.
The selections of currencies are: GBP, RUB, EUR , IDR , USD , MUR , and Yuan. HYCM is an online broker which was founded in and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS. City Index is a world leader in spread betting , FX and CFD Trading , regulated by the Financial Conduct Authority FCA. City Index offers over 12, different instruments to trade, including over 84 currency pairs on the ever-popular MetaTrader4 trading platform.
AvaTrade is an online broker which was founded in and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC and FCA.
AvaTrade also offer mobile apps for Android and iOS. Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40, instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account across multiple platforms including their own — SaxoTraderGO and professional-grade SaxoTraderPRO.
In this article, we checked out some of the most popular Forex brokers available to Singapore traders. We looked at their trading platform, commission and spreads, and other aspects of each broker. Take a look at the trading platforms in Singapore, where we analyze brokers and trading platforms for Singapore investors. Every retail broker offers something different to its clients.
We looked at some of the most popular brokers and compared them regarding customer service, research and educational tools, and commissions. PepperStone is a popular broker based in the UK and Australia. They are not listed on any stock exchange and are not required to release their financial statements.
They are regulated by the FCA and the ASIC. PepperStone trades over 60 currency pairs in Forex. They also offer a wide variety of CFD options to traders. They have partnered with multiple social trading platforms to allow their users to mimic the trades of signal providers from different brokers. This is a useful trading strategy for newer traders looking to learn from more experienced users. XTB is a global Forex and CFD broker with offices in Warsaw and London.
They are regulated by both the FCA and CySEC, as well as some lower-tier authorities. XTB offers an impressive 49 currency pairs available to trade. Their Forex trading fees are competitively low. Their commission structure is competitive with any other retail broker. Plus is one of the most strictly regulated brokers on the market. They started as an online retail broker in Israel in and have grown globally to be regulated in 9 different regions.
Plus have some of the most competitive fees and rates of any broker globally. They have no charge for account deposits so all of your money can go to trading. However, their minimum deposit is quite high. Read Full Plus Review. You should consider whether you can afford to take the high risk of losing your money. Hynep Market HYCM , was launched in , focusing specifically on bringing trading to markets in Asia. Over the years, they have been awarded several awards for customer service and broker support.
HYCM has 70 currency pairs available to trade. Traders using HYCM can trade Forex and CFDs but cannot trade cryptocurrency, stocks, or commodities. HYCM offers a range of services to traders of all kinds, both novice and expert.
HotForex is a European Forex broker, launched in They are based in Cyprus, they are regulated by CySEC. HotForex offers competitive fees on 47 different currency pairs. Their website advertises that users have access to stocks and commodities, but users should be aware that these are only available through highly volatile CFDs.
They have a variety of accounts, including commission free and spread free options. A long-standing CFD and Forex broker, CMC Markets is based in the UK and regulated by the FCA. They are listed on the London Stock Exchange and so they release yearly financial statements. They are committed to customer service and care. They offer over currency pairs to Forex traders which makes them stand out over other Forex brokers. They also have a range of CFD offerings. Saxo Markets is a Danish retail broker, a subsidiary of Saxo Bank.
It is regulated by various European agencies and has been in operation since They use a proprietary trading platform called SaxoTraderPro, and a web-based platform called SaxoTraderGo. They offer a wide range of Forex pairs as well as a selection of other trading instruments such as stocks , bonds, ETFs, and futures.
Oanda is a broker that trades entirely in CFDs and Forex. They are regulated by the SEC. It is a private company and is not required to release its financial statements. It offers a range of over 70 different currency pairs for Forex trading, as well as a selection of CFDs based on underlying assets.
They offer tight spreads on Forex trading and further sweeten the deal by providing one free deposit and withdrawal from your trading account each month.
FXPrimus is the brokerage arm of Primus Global Ltd. and began operation in They are registered in Cyprus and are regulated by CySEC. Traders have access to three different account types, depending on their minimum deposit amount.
Higher tier trading account get benefits such as telephonic market updates or consultations with market specialists. FXPrimus has 40 currency pairs available to trade, as well as a selection of equities and stocks.
Today, IG is one of the largest Forex brokers in the world. They are considered highly reliable. It is highly customizable and flexible. They have over currency pairs open for trading and a wide variety of other tradable instruments.
City Index is a global Forex and CFD broker that launched in and is regulated by high-level authorities all over the world. They are a publicly listed subsidiary of GAIN Capital. Their Forex offering is somewhat narrow considering they are such a large and popular broker, offering just over 80 currency pairs.
An advantage is that traders have access to cryptocurrency trading. IQ Option first went live in and since then has grown into one of the most highly regarded brokers worldwide. They are based in Cyprus and regulated by CySEC. Opening an IQ Options account is easy: the minimum deposit to start an account is low and set up is quick. Users have the option to choose a VIP or demo account in addition to the standard account type. They have an excellent demo account that traders can use to test out their trading strategies.
Their trading platform is easy to use and well equipped for all levels of traders. A two-step authentication login means that the platform is secure. For every trade brokers will charge their users a proportional fee. Platforms charge very little for the commission, but they take a proportional cut of each trade. Most of these platforms make money from active traders.
They charge fees for users who do not trade actively. These are called inactivity fees and are used by most brokers. Traders can choose to trade with brokers not regulated by the MAS, but they run the risk of not being protected if that broker turns out to be a scam.
MAS has set guidelines for the maximum leverage amounts and rules regarding segregated client funds. Brokers often have educational tools on their platforms.
These can vary from slide shows on market indicators to webinars from experts. Some brokers have resources that are useful to traders at all levels. Others cater specifically to novice users. Like all forms of trading, Forex carries with it some risk. These come in all forms but could all result in the trader losing money despite their hard work.
Leverage is controversial in trading circles. Many traders appreciate using leverage as it can increase their buying power from relatively small capital investments, but it can also increase losses. Using leverage can result in losing more money than your initial margin. Traders rely on somewhat volatile instruments for their positions to increase or decrease in value.
However, this volatility can also be dangerous. Anyone familiar with the recent GameStop debacle will understand how volatile markets can lead to massive losses.
Many traders are attracted to Forex trading because of its short-term, high-risk, high-reward nature. Forex positions can be held long-term, but it is also common for day-traders to use strategies like scalping. Like any short-term, high-reward strategy, there is a considerable amount of risk. Because of the volatility of Forex markets, traders may take on significant losses over a short amount of time.
Because Forex is one of the most popular markets among retail traders, it has a high level of liquidity. The high volume means that traders can expect their trades to be executed quickly since there is almost always another trader looking to take the opposite position. Forex is often traded on short-term positions.
This is beneficial to traders for multiple reasons. One of these benefits is that fees for shorter trades tend to be lower. Trading is a complex practice that relies on knowledge of interconnected markets to accurately predict the trend of assets.
Forex trading largely cuts out the need for in-depth market knowledge by simply trading on currency strength.
WebOur best forex broker Singapore list is. Pepperstone – Best MT4 Forex Trading Platform In Singapore ; CMC Markets – Best MT5 Forex Trading Platform In Singapore ; Saxo WebIG is a leader in education, making its IG Trading mobile app the best forex trading app for beginners in As an alternative, Plus's easy-to-navigate app provides the WebFor those who are looking to start out with AvaTrade will need a minimum deposit of $ and a demo account is available for those who want to get acquaint with the popular MT4 WebTo find the best forex brokers in Singapore, we created a list of all MAS authorized brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking. Here is our WebHere’s a breakdown of the top 10 best day trading apps in Singapore: IQ Option – Best Overall Day Trading App In Singapore. HotForex – Most Trusted Day Trading App. WebEvery trader’s needs are different and AvaTrade is best equipped to cater to the widest variety of forex traders. They have an excellent demo account that traders can use to ... read more
If you are a beginner in Singapore and are unsure whether to invest in the foreign exchange market, here are some strategies you should consider before you enter the market. Should you be a trader from the Philippines then you need to consider if you wish to use a broker with MAS oversight or if you prefer to use a different broker. Cons No Forex ECN Account. IW Bank clients may experience different fee structures according. When it comes to profits and risks in the Forex Market , they walk shoulder to shoulder. The Android version of MetaTrader 4 is available for a wide range of mobile devices, making it extremely convenient to trade on the go for Singaporeans traders.Was this helpful? cookielawinfo-checkbox-performance 11 months This cookie is set by GDPR Cookie Consent plugin. Collin Seow is the founder of Collinseow. For beginners in Singapore, it is important to stay abreast of key Forex market news. Read more on forex trading risks, best forex trading app singapore. Pros Regulated By CySEC Foundation Year: Min. Singaporeans traders using Forex trading apps should only trade with them if they are regulated and authorised internationally with major European financial regulators.