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[RR] Local Forex Brokerages
There are only little brokerages in Singapore that is regulated and the regulatory body is Monetary Authority of Singapore. We will only discuss regulated brokerage.
  • CMC Markets Singapore Pte. Ltd.

  • IG Markets Singapore (IG Asia Pte Ltd)

  • KGI World (KGI Ong Capital Pte. Ltd.)

  • Maybank Kim Eng Securities Pte Ltd.

  • OANDA Singapore (OANDA Asia Pacific Pte Ltd)

  • OCBC Securities Private Limited (OSPL)

  • Phillip Futures Singapore (Phillip Futures Pte Ltd)

  • Saxo Capital Markets Singapore (Saxo Capital Markets Pte. Ltd.)

  • UTRADE FX (UOB Kay Hian Pte Ltd.)
Thanks for sharing! How about FXCM, do you think it is safe to trade?
Hi WenBin, FXCM is regulated in New York, London, Sydney and Paris. It still does not have a license in Singapore but by far it is safe to trade in Singapore. It have relatively good rates though.
I am using FXCM too.
I can safely say that at least 20%-35% of the locals actually prefer using oversea brokerages
That is? So many crooked companies promoting plenty of brokerages.

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