If you must execute your trades on the same platform, then go with MT4. If you want more features, then go with TradingView. Forget about quitting your job and trade full-time. Forget about taking a few hundred dollars and turning it into millions.

And different trading goals require a different trading strategy. If you want to grow your wealth, then swing or position trading suits you.

If you want to trade without discretion, then systems trading is for you. If you want the adrenaline rush, then trade with times leverage just before NFP. The bottom line is this: Know your goal, then develop your trading strategy. So the lesson is this… You can have the best trading system in the world. If you want to be a consistently profitable trader, you must have a consistent set of actions. How much do you risk per trade? Conclusion Forex trading in Singapore is just like any other business.

Leave a comment below and share your thoughts with me. Share 0. Tweet 0. There are no reviews yet. Be the first one to write one. Your review. Your overall rating Select a Rating 5 Stars 4 Stars 3 Stars 2 Stars 1 Star. Title of your review. Your name. Your email. This review is based on my own experience and is my genuine opinion.

Submit your review. Close dialog. Session expired Please log in again. Track the real-time correlation between two instruments, to minimise the correlation between your open positions and avoid trading the same price action twice over. More on correlation trader. Tick chart trader. Place ultra-fast trades with one click, using the speed-optimised order ticket and keyboard shortcuts for entry and exit.

More on tick chart trader. Autochartist's pattern recognition software continuously scans the market. Stealth orders. Ensures that your trades are anonymous and cannot be assigned to a specific strategy. More on stealth orders. Beeks VPS. Session map. View your current local time in relation to live trading sessions, showing the core trading hours when institutional dealers are most active in Sydney, Tokyo, London and New York.

More on session map. CMC Connect. Fund your trading account directly from the MT4 terminal, and access a dashboard with access to high-impact economic news releases. Sentiment trader. Identify buy and sell sentiment from traders across a range of brokers. More on sentiment trader.

CMC Markets globally has decades of technical expertise and industry experience. MetaTrader 4 MT4 , developed by MetaQuotes, is one of the world's most popular forex trading platforms. You can trade CFDs on a range of popular forex pairs, indices and commodities when you trade using MT4 with us. MT4 allows you to use automated programs called Expert Advisors EAs , which monitor the markets and can be set to trade on your behalf.

You can build your own program or use an existing EA. Learn how to use MetaTrader 4. What is the MetaTrader 4 platform? MetaTrader 4 or MT4, developed by MetaQuotes, is an online trading platform used to speculate on the price movements of forex, indices and commodities. Find out how to download MT4. MT4 has the advantage of allowing you to use Expert Advisors EA to automate trading. What is a MetaTrader 4 demo account?

Our MT4 demo account also allows users to become familiar with trading bot automations by using Expert Advisors EAs. Does my MT4 demo account expire? MT4 demo accounts remain active as long as you log in to your MT4 trading platform at least once every 30 days. If you don't log in within that timeframe, your account will automatically be closed.

You can set up a new demo account again at any time in the future. How do I download MetaTrader 4? Find out how to download, install and log in to MT4 on your PC or Mac by visiting our getting started with MT4 guide. Our MetaTrader 4 guide also covers demo accounts, how to fund your MT4 account and general queries. MetaTrader 4 indicators are powerful tools that play a key role in your technical analysis.

Technical indicators analyse previous chart data to forecast future price movements, providing market entry and exit trade signals.

You can also download MT4 indicators to get access to 15 technical indicators such as pivot points and renko charts. View our MT4 indicators. MT4 add-ons help create an agile trading platform that adapts to your trading style. Each add-on serves a specific purpose, and can be used alongside technical indicators as part of your trading strategy. We offer 12 MetaTrader 4 add-ons, including mini terminal and sentiment trader. View our MT4 add-ons above.

What is auto trading on MT4? Automated trading or algorithmic trading is one of the most powerful features available on the MT4 platform. Why not practise trading on an MT4 demo account first? Is it free to open an account? There's no cost when opening a demo or live CFD trading account on MT4. You can also view prices and use tools such as charts, free of charge. What are the costs of CFD trading? CFD trading costs include spreads, and holding costs for trades held overnight, which is essentially a fee for the funds you borrow to cover the leveraged portion of the trade.

Learn more. Is CMC Markets regulated by the MAS? Yes, CMC Markets Singapore Pte. is regulated by the MAS and holds a capital markets services license for dealing in capital market products that include over-the-counter derivatives and leveraged foreign exchange, and is an exempt financial advisor. How does CMC Markets protect my money? As a CMC client, your money is held separately from CMC Markets' own funds, so that under property, trust and insolvency law, your money is protected.

Therefore your money is unavailable to general creditors of the firm, if the firm fails. How does CMC Markets make money? Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service. 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. dividend payments for corporations or earnings releases for countries. Singapore boasts the largest forex market in Southeast Asia, and the third largest in the world. Licensed forex brokers are monitored by MAS, with the financial sector in Singapore seeing low rates of corruption and misconduct due to the stringent enforcement of the Monetary Authority of Singapore Act.

You can view our MAS regulated broker page for the top brokers. Yet, if forex trading is your main source of income, capital gains are classed as taxable income. A large number of Filipino are located in Singapore working as overseas foreign workers. 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.

Filipinos may wish to visit this Best Forex Trading Platforms Philippines page for other broker options. On this page, we also explain how regulations work for traders in the Philippines. hi may i know which brokerage companies have same trading stock option put ,call like plus option stock.

thank, pls help. We use cookies to ensure you get the best experience on our website. By continuing to browse you accept our use of cookies. Brokers By Country Australian Forex Brokers UK Forex Brokers European Forex Brokers NZ Forex Brokers Canadian Forex Brokers US Forex Brokers Singapore Forex Brokers UAE Forex Brokers.

Lowest Spread Forex Brokers Lowest Commission Brokers High Leverage Forex Brokers Islamic Forex Brokers Crypto CFD Brokers Forex Demo Account ASIC Regulated Brokers CySEC Regulated Brokers.

MetaTrader 4 Brokers MetaTrader 5 Brokers Spread Betting Platforms UK CFD Trading Platforms Automated Trading Software Scalping Trading Software Beginner Forex Trading Platforms Micro Currency Platforms.

Pepperstone Review IC Markets Review FP Markets Review CMC Markets Plus Review eToro Review IG Review FXCM Review. Home » Best Forex Broker Singapore » Best Forex Trading Platform.

Last Updated: July 13, By Rayner Teo. Forex trading refers to the buying and selling of different currencies — so you can profit from the difference. If you want more details, check out this free Forex trading course. Better risk management — You can trade micro-lots which allows you to better manage your risk. And unlike Stocks, the Forex market seldom has gaps which mean you will rarely lose more than intended.

This means you can place your trades anytime from Sunday around 5 pm EST to Friday around 4 pm EST depending on daylight savings. You only pay for the spread.

Although the Forex market is open 24 hours a day, it behaves differently during different sessions. Because the London session is the time the Forex market move the most which means you get more trading opportunities. So looking at the table below, the best days to trade Forex is on Tuesday, Wednesday, and Thursday as volatility is the highest during these days.

Forex Trading Course for Beginners. The Essential Guide to Forex Trading for Beginners. TradingwithRayner Academy. If you answer yes to at least 3 of the above, then I recommend you sign up for a Forex trading course in Singapore.

Alternatively, if a Forex broker has a physical office in Singapore, you can go down and open an account. However, because of regulations, these Forex brokers only offer a maximum leverage of 1 to 50 which is low considering overseas Forex brokers can easily offer 1 to But before you go, I want to share with you a few Forex trading tips that could reduce your learning curve and save you thousands of dollars in the long-run.

And if you want to know how much you can really make from trading, then check this article out. If you want to see a sample, then check this out… How to be a consistently profitable trader within the next days.

Hey Rayner, I do appreciate the hard work you are doing to help retail traders. The article is very helpful. Hey Rayner, I have traded CFDs for a quite long and when I look back I came to realize that the transaction costs are the killer to my trading, then I decided to look for Futures markets but I find difficulty to tell the pros and cons of futures markets, how to find brokers as many of them I do find, offer CFDs markets, how to tell whether this market is futures market without subjectivity!

Can you publish the article on this, like you did on CFDs? I am opening myself up to the possibility of making more money with out the usual mindset of working Enjoying the site so far. Great job, Rayner. Been following your tutorials for a while. But in the end of the day, you must get paid in your currency. Thank you. To achieve financial freedom and to be able to spend more time with family which is a rare case for me because of my full time job nature.

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. The Essential Guide to Forex Trading Singapore Edition. What is Forex trading and how does it work? So, what are the advantages of Forex trading? Moving on to Forex Singapore… Forex trading hours in Singapore time Although the Forex market is open 24 hours a day, it behaves differently during different sessions.

So, here are the start and end time for each session in Singapore time … Summer period October to March : Australian session: 6 am to 3 pm Tokyo session: 7 am to 4 pm London session: 3 pm to 12 am New York session: 8 pm to 5 am Winter period March to October : Australian session: 5 am to 2 pm Tokyo session: 7 am to 4 pm London session: 4 pm to 1 am New York session: 9 pm to 6 am When is the best time to trade Forex in Singapore?

Next… When is the best day to trade Forex? Now at this point, you might be thinking of how to start Forex trading in Singapore. But before we get there, I want to share more on… How to learn Forex trading in Singapore? It involves risk, managing your emotions, and the ability to accept uncertainty. So, who should sign up for a Forex trading course in Singapore? Does it offer good customer support like live chat? Can you get your money back quickly from withdrawals?

Does it offer the trading platform you want? Does it offer the markets you want? Next… How to open a Forex trading account in Singapore Most Forex brokers allow you to open an account online. Also, here are a few things that are required: Proof of your identity Passport, IC, etc. CMC, IG and Oanda — are they any good? So, are they any good? Which Forex trading platform should you use? Right now, the 2 most popular Forex trading platforms are MT4 and TradingView.

If you must execute your trades on the same platform, then go with MT4. If you want more features, then go with TradingView. Forget about quitting your job and trade full-time. Forget about taking a few hundred dollars and turning it into millions. And different trading goals require a different trading strategy. If you want to grow your wealth, then swing or position trading suits you.

If you want to trade without discretion, then systems trading is for you. If you want the adrenaline rush, then trade with times leverage just before NFP. The bottom line is this: Know your goal, then develop your trading strategy. So the lesson is this… You can have the best trading system in the world.

If you want to be a consistently profitable trader, you must have a consistent set of actions. How much do you risk per trade? Conclusion Forex trading in Singapore is just like any other business. Leave a comment below and share your thoughts with me. Share 0. Tweet 0. There are no reviews yet. Be the first one to write one. Your review. Your overall rating Select a Rating 5 Stars 4 Stars 3 Stars 2 Stars 1 Star. Title of your review. Your name. Your email. This review is based on my own experience and is my genuine opinion.

Submit your review. Close dialog. Session expired Please log in again.

Does it offer the trading platform you want? The only exception here is for clients trading below 50, units half a standard lot per month. There are no minimum stop-loss or take-profit restrictions - a key requirement for high-volume traders. Trade with up to Leverage on the MT5 Platform Fully Regulated with the FCA in the UK Trade with Ultra-Thin Spreads - As Low as Zero Pips Trade and Earn XM Points that can be Redeemed for Credit Bonus Rewards. Is Forex Trading Taxable in Singapore? It is one of the top forex brokers for beginners due to its well-sourced educational resources. As with MetaTrader 5, Smart Trader Tools can be downloaded from the CMC website.

Categories:

• Forex Brokers
• Forex Bitcoin
• Binary Options online
• Binary Options
• Forex