If you are new to CFD trading, it might be difficult to choose the best CFD broker. It is important to determine your risk tolerance before selecting a broker. Most brokers have a margin requirement of 10% of the total trade value. If this is too high for you, choose a lower risk broker.
City Index CFD Brokers in Singapore offer a range of trading options for their customers. Whether you’re new to the market or have years of experience, City Index’s team can help you navigate the online trading world. They can be reached via live chat, telephone or email 24 hours a day. Research is an important component of successful trading, and City Index Singapore offers a wide range of research options.
City Index’s fee structure is very competitive. Their average spread is 0.69 pips, while their minimum spread is 50 pips. In addition, they offer variable and fixed spreads for different commodities. Withdrawals are free, but a minimum deposit is required to open an account.
City Index CFD Brokers in Singapore offer CFD trading on 84 global forex pairs. They also offer zero commission charges. FX margins start at 5%, and popular Forex pairings come with spreads of 0.5, 0.6, 0.9, and 2.2 pips. CityIndex Singapore’s Forex trades are executed on MetaTrader 4, the global Forex trading platform.
The City Index web trading platform offers a wide range of tools for advanced traders. With more than 100 indicators and an extensive selection of charts, this platform enables users to analyze market trends and trade accordingly. Moreover, City Index provides instructional videos on proper money management and trading strategies.
IG offers an extensive range of currency pairs and enables customers to hold their earnings in a range of different foreign currencies. In the event that a customer decides to withdraw funds, the broker has several methods available, including credit cards and PayPal. Additionally, IG offers an account with six different base currencies and allows customers to change their account’s base currency via email.
IG was founded in 1974 and has more than 239,000 clients worldwide. It is a CFD and forex broker, with access to over 17,000 markets. It is regulated by the UK’s FCA, and is one of only nine forex brokers in Singapore with a MAS licence.
The Singapore market is dominated by local and foreign CFD providers. According to Investment Trends, there are about 23,000 active CFD traders in the country. Many of them hold multiple accounts with multiple brokers. The largest company is CMC Markets of the United Kingdom, and IG Group, a unit of the London-listed IG Group, is in fourth place. The market is expanding and could double in size in the next two years.
IG Group offers a wide range of platforms and has developed several proprietary platforms that can cater to all levels of experience. Its flagship platform, the IG Platform, is a multi-platform trading system with nearly limitless capabilities. This platform has won many awards in the industry. In 2020, it was named Best Multi Platform Provider.
IG is one of the most popular CFD brokers in Singapore, and its platform offers cutting-edge technical analysis and automated trading capabilities. It is also one of the few CFD providers that offer ProRealTime integration, which allows experienced traders to execute and monitor trades in real-time. The company also offers round-the-clock technical support and analysts on Telegram, to help customers make informed trading decisions.
IG offers mobile trading on Android and iPhone, making it easy for traders to access their accounts from anywhere. Their app is available for download on the App Store for free and offers a suite of features including live prices and charts for a variety of markets. Additionally, IG’s mobile website has been optimised for mobile users, making it easier to use on the go.
IG offers a demo account to learn the basics of CFD trading. The demo account is free to use, and IG also offers education through its IG Academy. A demo account will allow you to practice trading with virtual funds before committing to a live account. The account is designed to give you a realistic experience.
IG is regulated locally by the Monetary Authority of Singapore (MAS), and it holds client funds in a separate bank account. This makes it a safe and trusted option for local traders. The broker offers a live account, a demo account, and access to its MyInfo platform.