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Singapore and Foreign Exchange

  • #41
  • Sep 22, 2008 12:12pm Sep 22, 2008 12:12pm
Quoting aiyahmarklah
But we got problem maintaining 2 TV stations leh, in the end also merge.

Of course on the flip side, hopefully got Sheng Siong and Giant type of broker coming in lor.

I use Hotspot and MBT.

True if SH and Ntuc were to go US or European market, they are bound to be sue under unfair competition like MicroSoft too..

Anw you are using ECN broker..... So you are those big players around.. i am just a small potato eager to earn more money and believing that forex is easy to earn and should end up losing all my saving.. hahaha
  • #42
  • Sep 24, 2008 5:34am Sep 24, 2008 5:34am
Quoting jzh
True if SH and Ntuc were to go US or European market, they are bound to be sue under unfair competition like MicroSoft too..

Anw you are using ECN broker..... So you are those big players around.. i am just a small potato eager to earn more money and believing that forex is easy to earn and should end up losing all my saving.. hahaha
Me ? Big player ? LOL no way. Going ECN is only natural after contributing much profits to bucket shops, not that ECNs are preferred over MMs, they are simply too keen to take my position. I trade very short time frames.

I like the fact that retail forex will be growing even more. For Singaporeans and even foreigners do check out the FX platform by DBS. DBSvefx. Spreads are average at best and leverage is low. 1:20, but its enough for me. The only real advantage I see here is that it is Singapore based, execllent safety of funds and world class regulation. Will be trying them out soon.

Anybody used the DBS platform before ? Hows your experience ? Please share. Thx !!

Regards
  • #43
  • Oct 25, 2008 1:31am Oct 25, 2008 1:31am
Hi,

This thread kinda quiet lately.

Are there any MT4 broker in Singapore?

Thanks
  • #44
  • Oct 25, 2008 2:30am Oct 25, 2008 2:30am
Not so sure of ... the MT4 broker... (may be...i shall star tone )

I am using Igmarket as Live...


Sonic
  • #45
  • Oct 25, 2008 2:47am Oct 25, 2008 2:47am
Quoting sonicdeejay
Not so sure of ... the MT4 broker... (may be...i shall star tone )

I am using Igmarket as Live...


Sonic
I will seriously consider opening an account with you if you got MT4.
  • #46
  • Oct 25, 2008 4:38am Oct 25, 2008 4:38am
Quoting goldcourse
I will seriously consider opening an account with you if you got MT4.

Count me in to ...

Do you have any opinion about SAXO bank .. is it reliable broker..??

I live next door , the dangerous Johor Bahru but so popular with Singaporean..
R1 BPL R2 FA R3 CL ALL still ON
  • #47
  • Oct 25, 2008 8:27am Oct 25, 2008 8:27am
Quoting goldcourse
I will seriously consider opening an account with you if you got MT4.
.
haha...I am happy that fellow forumers trust me for that...

BTW, I am starting my mini forex hedge fund with my close buddies, after much persuading by them to lead the mini fund...I will be trading for myself and mini fund more for longer TF...D1 or W1...

Anyway, I am excited about it...


Sonic

P.S The fund is close-friends fund..not inviting anyone..
  • #48
  • Oct 25, 2008 8:48am Oct 25, 2008 8:48am
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
hello.. glad to see many singaporeans hiding in this small little trading community.. I'm seaching for a good broker, currently using ibfx.. I saw someone mentioned mfglobal, what's the spread and margin requirements, and start up acct size?? anyone?
  • #49
  • Oct 26, 2008 10:02pm Oct 26, 2008 10:02pm
Quoting GrodoT
Count me in to ...

Do you have any opinion about SAXO bank .. is it reliable broker..??

I live next door , the dangerous Johor Bahru but so popular with Singaporean..
GrotoT,

IMHO if a broker can operate from Singapore proved that it fulfilled the strict regulations imposed by MAS. Thus, IMHO it is a reliable broker.

I tried the Saxo bank demo a week ago and find that it is not so versatile as MT4 but you can BUY & SELL the same ccy pair at the same time.

BTW I am not a Singaporean but I am looking forward to come down to S'pore to open an account there. You can guess where I am from !
  • #50
  • Oct 27, 2008 12:27am Oct 27, 2008 12:27am
Quoting sonicdeejay
.
haha...I am happy that fellow forumers trust me for that...

BTW, I am starting my mini forex hedge fund with my close buddies, after much persuading by them to lead the mini fund...I will be trading for myself and mini fund more for longer TF...D1 or W1...

Anyway, I am excited about it...


Sonic

P.S The fund is close-friends fund..not inviting anyone..
wow sounds fun...congrats and all the best for ur fund

on the other hand i am thinking about starting a course...seeing all those gurus making money teaching others how to trade, i want a piece of the pie as well....

any suggestions for my advert title ? 5 minute millionaire ? or "how i turn 1k into 100k" ?

  • #51
  • Oct 27, 2008 12:31am Oct 27, 2008 12:31am
Quoting shauny
hello.. glad to see many singaporeans hiding in this small little trading community.. I'm seaching for a good broker, currently using ibfx.. I saw someone mentioned mfglobal, what's the spread and margin requirements, and start up acct size?? anyone?
MF charge 1 pip per round trip, 25k to open account. if u can do a certain volume u can get discount or rebate. but dun bank on ECN to give better spreads, while that is true most of the time, it has not been the case, in fact bucketshops has been the cheaper alternative lately. margin is 1:20
  • #52
  • Oct 27, 2008 7:40am Oct 27, 2008 7:40am
Quoting aiyahmarklah
wow sounds fun...congrats and all the best for ur fund

on the other hand i am thinking about starting a course...seeing all those gurus making money teaching others how to trade, i want a piece of the pie as well....

any suggestions for my advert title ? 5 minute millionaire ? or \"how i turn 1k into 100k\" ?


Sounded like a good idea! because people still sign up for those course even though they know that if gurus are that good they wont really need to start a course to teach ppl how to earn money in forex...
  • #53
  • Last Post: Oct 27, 2008 7:45am Oct 27, 2008 7:45am
Quoting GrodoT
Count me in to ...

Do you have any opinion about SAXO bank .. is it reliable broker..??

I live next door , the dangerous Johor Bahru but so popular with Singaporean..

Saxo is quite a reliable broker in singapore. Their spread is avg 3 pips for most of the major spread. I have a live account with them and the only thing is they do not have MT4 platform. Anyway all brokers in singapore are quite reliable as MAS is a tough nut to crack and i believe no broker dare to play a fool with MAS. We still have MFGlobal , cmc market and recently DBSVicker also support forex trading. You can take a look at DBS Vicker and let me know if it is good cos it seem good.. I believed that all their minimum account opening deposit is 3k but for DBSVicker is 5k..

Hope that helps..
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