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[RR] Local Forex Brokerages
#1
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.)
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#2
Thanks for sharing! How about FXCM, do you think it is safe to trade?
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#3
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.
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#4
Cool
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#5
I am using FXCM too.
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#6
I can safely say that at least 20%-35% of the locals actually prefer using oversea brokerages
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#7
That is? So many crooked companies promoting plenty of brokerages.
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