{"id":388,"date":"2022-11-11T13:59:00","date_gmt":"2022-11-11T13:59:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=388"},"modified":"2023-03-21T15:22:58","modified_gmt":"2023-03-21T15:22:58","slug":"is-forex-trading-legal-in-singapore","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/is-forex-trading-legal-in-singapore\/","title":{"rendered":"Is Forex Trading Legal In Singapore?"},"content":{"rendered":"\n

In Short: yes, Forex trading is legal<\/a> in Singapore<\/strong>.<\/p>\n\n\n\n

The foreign exchange, or Forex, market has recently started moving globally and becoming less centralized in trading hubs such as London, New York, and Tokyo. One area that has specifically seen an increase in financial trade in Singapore. You can read our in-depth guide on the best trading platforms in Singapore<\/a>. <\/p>\n\n\n\n

In this article, PFI<\/a> will explore Singapore\u2019s local laws and regulations around Forex trading.<\/p>\n\n\n

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Best Overall<\/p>\n\n\n

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\"Pepperstone<\/figure><\/div>\n\n
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PFI Rating<\/strong> 4.9<\/p>\n\n<\/div><\/div>\n\n

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\n\nVisit Pepperstone<\/strong><\/strong><\/strong><\/span><\/path><\/svg><\/span><\/a>\n\n<\/div>\n<\/div><\/div><\/div>\n\n
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Best Trading App<\/p>\n\n\n

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\"AvaTrade<\/figure><\/div>\n\n
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PFI Rating<\/strong> 4.9<\/p>\n\n<\/div><\/div>\n\n

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\n\nVisit AvaTrade<\/strong><\/span><\/path><\/svg><\/span><\/a>\n\n<\/div>\n<\/div><\/div><\/div>\n\n
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Low Spreads<\/p>\n\n\n

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\"FP<\/figure><\/div>\n\n
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PFI Rating<\/strong> 4.9<\/p>\n\n<\/div><\/div>\n\n

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\n\nVisit FP Markets<\/strong><\/span><\/path><\/svg><\/span><\/a>\n\n<\/div>\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n

What is Forex?<\/h2>\n\n\n\n

Forex trading is essentially the buying and\/or selling of currency with the intention of making a profit. Traders usually trade in currency pairs \u2013 for example, USD\/SGD or USD\/EUR. Fluctuations in exchange rates is the reason that people can make profit from Forex trading, as they enable traders to \u201cbuy low and sell high\u201d \u2013 however, this does carry notable risk, and can also result in financial losses. When a trade is made, the trader must pay the \u201cspread\u201d \u2013 the difference between the bidding price and asking price.<\/p>\n\n\n\n

The easiest and most common way to trade Forex is with the use of a licensed broker. Buying and selling Forex is usually much faster-paced than other trades such as stocks<\/a>. The Forex market is open 24\/5, unlike other markets, so investors do not need to worry about time zones or trading hours! A profit \u2013 or a loss \u2013 can happen at any time of day or night. Trading in Singapore is no different than anywhere else in this regard.<\/p>\n\n\n\n

>> Want to Trade Forex?<\/strong> Check out our guides on:<\/p>\n\n\n\n