Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

ATFX Global Markets

Offers two ways to trade: Forex, CFDs

 
ATFX Global Markets
See Details Try a Demo
Your capital is at risk
$100 Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Bank transfer
  • Credit cards
  • PayPal
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  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
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Trust Score:

B

0

Established in:

2014

Regulated by:

CySEC

CFDs are leveraged products and can result in the loss of your capital. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Singapore

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

What is the Best Trading Platform
for Singapore?

ATFX Global Markets scored best in our review of the top brokers for singapore, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.

The following brokers allow singapore on their platform:

  1. ATFX Global Markets

Here are some areas where ATFX Global Markets scored highly in:

  • 4+ years in business
  • Offers 57+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.5 pips
  • Used by + traders
  • Allows hedging
  • 2 languages
  • Leverage up to

ATFX Global Markets offers two ways to trade: Forex, CFDs. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ATFX Global Markets have a B trust score, which is low. This is largely down to them being regulated by CySEC, segregating client funds, being established for over 4 years, and much more. For comparison:

Trust Score comparsion

ATFX Global Markets
Trust Score B
Year Established 2014
Regulated by CySEC
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who ATFX Global Markets is (& Isn’t)
Suitable For

As mentioned, ATFX Global Markets allows you to trade in two ways: Forex, CFDs.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with ATFX Global Markets, you'll need a minimum deposit of $100. ATFX Global Markets offers a range of different account types for different traders including a micro account, mini account, and vip account.

ATFX Global Markets offer over 57 instruments to trade including forex pairs, indices, and many other asset classes. In the following section we’ve listed ATFX Global Markets’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how ATFX Global Markets’s spreads compare in this ATFX Global Markets review

Finally, ATFX Global Markets isn't available in the following countries: DPRK, Canada, Iran, Japan, Brazil, Mexico, Turkey, Cuba, Sudan, Syria, USA, Bosnia and Herzegovina, Ethiopia, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.. They do not offer islamic accounts either.

Part 3

A Comparison of ATFX Global Markets vs. vs.


Want to see how ATFX Global Markets stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.

Comparison of account & trading features

ATFX Global Markets
Accounts offered Micro account, mini account, standard account, VIP account
Platforms MT4, Mac, Web Trader, Tablet & Mobile apps
Risk management features Limit order, take profit, entry order, one click trading, trailing stops, price alerts, limited risk account and negative balance protection
Funding methods Credit cards, Bank transfer, American Express, MasterCard,

Part 4

City Index

www.cityindex.com.sg

City Index are one of the top six contracts for difference (CFD) brokers for traders in Singapore, with a market share of around 9% in 2012. The City Index group have offices in London, Sydney, Dubai, Shanghai and Singapore, and they are regulated by the Monetary Authority of Singapore (MAS), which ensures that they act in accordance with stringent client money rules. They also have a Leveraged Foreign Exchange Trading licence.

The broker started its operations in 1983, and with over 30 years experience they have gained numerous positive client testimonials regarding their CFD and Forex trading services. City Index are famous for their powerful MetaTrader4 FX software, which helps clients trade online effortlessly. The software provides one-click dealing, smart comparison graphs, real-time stock performance and much more.

City Index offer a free demo account, in which clients get 1000 virtual Singapore Dollars to trade with before starting the live account. Traders from Singapore can open an account with City Index with just 500 SGD.

IG Markets

www.ig.com/sg/

IG Markets Singapore is a subsidiary of IG Group, the UK-based financial services firm, which deals in contracts for difference (CFDs) trading, financial spread betting, stockbroking and consultancy. The Monetary Authority of Singapore grant IG Markets a licence for leveraged foreign exchange trading and dealing in securities, and they are licensed to trade CFDs in commodities by International Enterprise Singapore. With 15% of the CFD market share and 13% of the FX market share, they were in the top three providers for retail traders in Singapore in 2012.

IG Markets have a special web-based platform for traders. The platform has a slew of tools, including options to set alerts on Tear-off prices, Reuters trading news, charts, watch-lists and real-time stock tracking. IG also has a special iOS and Android app. There’s no minimum balance requirement to open an account with IG Markets. Investment Trends ranked IG Markets as the top FX broker in Singapore in 2013.

AvaTrade

www.avatrade.com

AvaTrade are an Ireland-based FX and CFD broker offering trading services in stock indices, currencies, commodities, bonds, ETFs as well as Bitcoin and other cryptocurrencies. AvaTrade are authorised and licensed to operate worldwide by several different regulatory bodies, including the the Japanese Financial Services Agency (FSA) and the Central Bank of Ireland within the EU. They have offices in 11 locations around the world, the closest to Singapore being in China and Japan.

AvaTrade have over 200,000 registered customers around the world and offer various online tools for easy direct market access (DMA). These tools include MetaTrader 4, MT4 Floating Spreads and AVAOptions.

Clients can open an AvaTrade demo account with US$100,000 virtual funds before opening a real account. The minimum deposit requirement for a live account with AvaTrade is US$100. Clients from Singapore can credit their account using several payment methods including Visa, MasterCard and Wire Transfer.


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