Rating & Review of Forex Trading 2021

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Best Forex Trading in Singapore

Review

UOB UTRADE FX Elite is unregulated

UTRADE FX Elite / UOB Kay Hian

Configuration options and tools for traders to customize the platform to meet their needs

CMC Markets Forex / CMC Markets Singapore

CMC Markets is a great choice for forex and CFD traders. The company’s Next Generation platform is powerful and versatile, with plenty of configuration options and tools for traders to customize the platform to meet their needs. With nearly 10,000 instruments to choose from across nearly every asset class and global market, CMC Markets is a great choice for traders looking for a multi-asset solution and broad range CFDs and forex pairs at competitive prices.

I keep missing my entry points in trades due to the error message and connection issues

IG Forex / IG Asia

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.

Offers trading of currencies, indices, stocks, futures, options and commodities

KGI Forex / KGI Securities Singapore

KGI Futures is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile, MaxxTrader, CQG, TT and KGI Futures trading platforms. Regarding orders execution model, KGI Futuresis an A-book broker. KGI Futures offers trading of currencies, indices, stocks, futures, options and commodities. KGI Futures is unregulated and that perhaps may be the only dark grey area.

The commission is a minimum $1

Maybank Forex / Maybank Kim Eng 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%

Forex Trading services via MetaTrader 4, MT4 Mobile, Oanda Desktop and Web trading platforms

OANDA Forex / OANDA Asia Pacific

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.

Offers better trading conditions for retail clients

iOCBC FX Platform / OCBC Securities

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.

They also offer free investment classes monthly at their different outlets

Phillip Futures Forex / Phillip Futures

The offer a good prepaid account fees as compared to other platforms. I have been using it for a while to buy dividend stocks (ie. STI index), as it is simple to put in orders. They also offer free investment classes monthly at their different outlets where you can learn more about how to use the Phillip POEMS platform, or other beginner investment knowledge.

Saxo Bank offers trading of currencies, indices, equities, options, futures, ETFs, bonds, CFDs and commodities

Saxo Markets Forex / Saxo Capital Markets

Saxo Bank is a Forex Broker offering Forex Trading services via SaxoTrader Desktop, Mobile and Web trading platforms. Regarding orders execution model, Saxo Bank is a b-book broker (a market maker). Saxo Bank offers trading of currencies, indices, equities, options, futures, ETFs, bonds, CFDs and commodities. Saxo Bank is regulated by the Danish Financial Supervisory Authority. I have been using it for overseas equity and the fees are fair enough as per transaction was $4 for most of my trades. Nice mobile app, trades are executed faster, with a nice interface.

They offer a low brokerage fees with access to most overseas markets

Standard Chartered LiveFX / Standard Chartered Bank Singapore

They have a very much improved user interface compared to years ago. Standard chartered bank is really making an effort to compete with other brokerages and offers no custodian fees, while Shares are not kept in CDP. They offer a low brokerage fees with access to most overseas markets. However, their foreign exchange rate is not very good but the make up with a good watch list and price quote interface. You are able to see buying power, portfolio and stock info.

Shorter tenors as short as one week to suit your unique needs

Standard Chartered Premium Currency Investments / Standard Chartered Bank Singapore

This platform offers wider choices, shorter tenors as short as one week to suit your unique needs, you can diversify your investment holdings by expanding into Premium Currency Investments to gain more exposure to foreign currencies to suit your needs. You stand to earn interest at a rate that’s potentially higher than that of conventional fixed deposits and enhance the returns on your investment portfolio.

RoboForex is a hybrid broker

RoboForex / RoboForex

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)

This new app offers a comprehensive slew of FX solutions for just about any FX need you may have

HSBC QuickFX / HSBC Bank Singapore

Monitoring exchange rates before a big trip is a hassle, as is queuing up at the money changer with a big stack of cash in your pocket.For most of us who end up doing a lot of things at the last minute when it comes to travelling, changing money is often a case of just showing up at the airport and being subject to whatever the rates are at that point in time. This is where the HSBC QuickFX app helps greatly. This nifty new app offers a comprehensive slew of FX solutions for just about any FX need you may have. Converting your money can be done seamlessly and on the go using the app, even when you’re in the taxi rushing to the airport