When you are working on a company, there will be taxes that will be deducted to your salary every cut off of your pay. You should know that everyone in the world is paying taxes to contribute to the community. But I have realized that my salary is low that the usual pay. But I work my ass off to get the salary I deserve.
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UTRADE FX Elite / UOB Kay Hian
Since I signed up with them a little over a week ago it’s been issue after issue. From the pairs malfunction to the system always being offline, not connected to MT4. I keep missing my entry points in trades due to the error message "Not Connected" & "Off Quotes" indicating they have connection issues. I'm very pissed off and I want my money back in order to find a new broker because this is beyond ridiculous.
IG Forex / IG Asia
OANDA is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile,Oanda Desktop and Web trading platforms. Regarding orders execution model, OANDA is a b-book broker that is a market maker. OANDA offers trading of currencies, indices, bonds, CFDs and commodities. OANDA is regulated by the CFTC (USA), the FCA (UK), the Monetary Authority of Singapore and the ASIC (Australia). This information should help to put your mind to rest knowing they are regulated.
OANDA Forex / OANDA Asia Pacific
RoboForex is a Forex Broker offering Forex Trading services via MetaTrader 4, MetaTrader 5, MT4 and MT5 Mobile, cTrader and Web trading platforms. RoboForex is a hybrid broker meaning both a book and b book broker or market maker. RoboForex offers trading of currencies, indices, CFDs and commodities and is regulated by the CySEC (Cyprus)
RoboForex / RoboForex
iOCBCfx is a properly regulated Singaporean forex broker. Despite having a somewhat limited forex portfolio, when compared to other local forex brokers, it still offers better trading conditions for retail clients; lower deposit, higher leverage, even though much lower than that of larger international brokers, and tighter spreads. In some respect they are comparable to those of the global players present in Singapore and can turn out to be very helpful for those who wish to do business with a local broker.
iOCBC FX Platform / OCBC Securities
I signed up for a pre-funded account last year, commission rate were very low. But if I can share a little hack as it were, indicate an amount higher than $100 for MIP because if you do so your commission rate would be more than 1%.For example, if you indicate $100 for a stock priced at $25, they would purchase 3 units for you as they take into consideration their fees in that $100. The commission is a minimum $1, thus your commission rate is approx. 1.33% instead of 1%
Maybank Forex / Maybank Kim Eng Securities
No Name
Singapore follows a progressive resident tax rate starting at 0% and ending at 22% above S$320,000. There is no capital gain or inheritance tax. Individuals are taxed only on the income earned in Singapore. The income earned by individuals while working overseas is not subject to taxation barring a few exceptions. If the company is not doing the right tax deduction you can report them to the IRAS.