The trading volumes in South-East Asia have grown immensely since the beginning of last year. During this time Singapore has managed to become the leading Forex hub, leaving Hong Kong and Australia behind.
With a population of just over 5 million people, Forex and CFD trading has become quite popular in the country. If you are a Forex trader in Singapore and are wondering where to start your Forex trading experience, here you will find all the information you need to begin.
Open a Demo Account
If you are new to Forex the best place to start is by opening a Demo Account so you can practice and learn Forex trading. Registering for a demo account is very simple and fast. You need to fill out the registration form on our website and then download the MT4 trading platform. You can then log in to your demo account and start placing trades with $100,000 virtual money. Since the money in your account is virtual, you can trade with ease of mind and focus on learning how to trade and how the markets move.
Choose and Open a Live Account
Once you’ve tested our demo account and are familiar with our services you can open a live account. LiteForex offers 6 types of live accounts, which guarantees that you’ll find an account that matches your needs and requirements. Visit our website to compare the different Forex live account types and choose the one that matches your initial investment, trading requirements and the conditions you’re looking for. Then fill out the registration form and fund your account.
Forex Bonuses and Contests
A Forex Bonus is a great way for you to increase your trading capital and use the money for placing more trades. LiteForex clients can receive a variety of bonuses, for example: Welcome Bonus, Support Bonus, Loyalty Bonus and others. If you’re trading Forex in Singapore you can get a bonus from LiteForex by opening a new account and funding it. To find and read about all bonuses offered by LiteForex visit our website. In addition to bonuses, LiteForex also organizes Trading Contests for their clients with great prizes given to the top traders.
Choose the Instruments You Want to Trade
With LiteForex you can trade a variety of instruments: currency pairs, CFDs on precious metals, shares, global indices, oil and others. The Singapore Dollar (SGD) is the official currency of Singapore and you can trade the USD/SGD currency pair 24 hours a day, 5 days a week. Also other instruments such as: CFDs on indices and precious metals have extended trading hours, so even if you are in Singapore you can trade them in your time zone.
Funding and Withdrawing Methods
LiteForex offers over 25 payment methods, so you can fund and withdraw money from your account in a variety of easy and secure ways. Some of these methods include: bank wire, credit/debit cards, Web Money, Skrill, CashU and many others.
Dedicated Customer support
LiteForex offers a dedicated customer support so you can always get assistance if needed. You can contact a LiteForex representative via email, toll free phone numbers, live chat, or to request a call back.
Forex and CFD trading has become very popular in Singapore in recent years. In order to have a successful trading experience it is important to choose a reliable and secure broker. LiteForex offers many advantages which makes it one of the best Forex brokers to open an account with.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.