Singapore Broker Question

Im based in Singapore. I need a broker with Meta TRader 4, any recommenations? I would prefer a broker with a physical presence in Singapore so if there's anything wrong I can approach them.


For forex.

These are the http://www.mas.gov.sg/fi_directory/index.html regulated brokers in SG

http://masnet.mas.gov.sg/fin/findir/...?OpenView#top1

Regonize any of them with Meta trader 4 anyone ? please and thankyou.


Is it legal for me to join a forigen online brokerage of another country? Or is it I join at my own risk?

Any problems that could arise?

I heard meta trader 4 is not approved in SG For something like the conversion rate(this might be wrong)

Hi Shorty1966,
Meta Trader4 is banned by the Monetary Authority of Singapore (MAS) due to security reason.

Therefore, a broker with a physical presence in Singapore is not allowed to use the Meta Trader4 as their trading platform.

Although MT4 is not allowed to be used for trading, you can always download a demo version and use it for the purpose of monitoring price movement. Then, enter your trade using your preferred broker's trading platform.

FYI - I'm currently using Interbank FX's (IBFX) MT4 to monitor the price movement and then using City Index Asia Singapore to enter live trade.

You might want to download MT4 from IBFX or its equivalence and this will probably solve some of your problems.

I think it is OK for you to join a foreign online brokerage of another country but at your own risk should any misfortune happen.

Cheers,
Oceany