Online Currency Trading in Singapore

Forex Trading Singapore


Phillip Futures is the First Broker in Singapore to Offer MetaTrader 5. 7 Jul , Singapore - LeapRate - Phillip Futures, member of the PhillipCapital Group based in Singapore, has started to offer the MetaTrader 5 platform to their clients, MetaQuotes anounced earlier today. This makes the. ECN Forex Brokers. Compare true ECN Forex brokers. Sort, filter and rank their ECN accounts based on your personal trading preferences and initial deposit.

ECN Trading System

Particular attention is paid to ECN system by those Forex traders who have a doubt in the integrity of brokers and intermediaries. The first independent ECN trading network was established in , and since then it has become a more sophisticated technology.

As you can see, the choice of a trader is very easy. A Forex trader can trade though a regular trading account and hope that the broker does not play against him, leaving the transaction inside their systems. Or get an access to the NDD-technology, and have a better confidence in the transparency of all transactions and their results.

Of course, the choice of an account type depends trading conditions. Regular accounts require smaller starting amount as well as they offer lower spreads and higher leverage. You can find a direct link between the attractiveness of trading conditions and the actual costs that a broker has for offering you this type of an account.

But when the broker is required to transfer the order to the interbank market, then there is a number of commitments and expenditure, which, of course, fall on the shoulders of the trader in the form of commissions or spreads.

Even if the idea of the functioning of the regular trading account is not quite right the NDD trading accounts are in any case the preferred solution. So, you create an order with the required parameters and made a trade execution. Broker transfers it to the ECN network to which it is connected. Once your trading order gets into the network, the system automatically finds for you an opposite order with the necessary parameters. This is very similar to the system of regular accounts where your orders remain within the company.

As the ECN network is also going to find the most suitable agent to meet your application. In the case of ECN network your order will be executed on the same principle, but with real interbank liquidity. Today only central and major banks, government departments, financial departments of large corporations have direct access to ECN network. ECN system has an interesting point. ECN netword does not make direct payments between counterparties.

The network works like a simple notebook, in which the encrypted data is stored on the incoming orders. As soon as the system finds two agents for mutual transactions, they immediately send orders for the formation of orders for payment.

Therefore the buyer and seller make all transactions with each other, without any direct intermediaries. Still it is worth mentioning that the real ECN services are impossible without banks. Mostly because of the great volume of transactions it still needs additional monitoring. The time of execution of your trading orders on a standard account can be up to several seconds, which is often notices when you opening a position with a large amount.

Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. We do not present any guarantees for the accuracy and reliability of this information. All textual content on ForexBrokerz. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source.

Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy. No margin, zero spreads. Below is a list of forex brokers operating out of Singapore. Plus gets Singapore license Dec 11 AVFX review - Is avfxcapital.

KDFX review - Is kdfxfund. LMFX Review - is lmfx. FX Trade Market Review - is fxtrademarket. MT4 , MT5 , Web. MT4 , MT5 , cTrader. MT4 , Mirror Trader , Currenex. MT4 , Web , NetStation.

MT4 , Web , Prodigy. MT4 , Kiwi Trader. MT4 , Web , Currenex. MT4 , Web , Delta Trading. MT4 , cTrader, Currenex. MT4 , DealingScreen, Currenex. MT4 , Atom8 Trader.

Forex trading account types

Meta Trader 4, developed by MetaQuotes Software helps new traders through the provision of tools for price analysis, the placement and management of trades.

Closed On:

Even if the idea of the functioning of the regular trading account is not quite right the NDD trading accounts are in any case the preferred solution.

Copyright © 2015

Powered By