Low Spread Forex Brokers in Singapore
As an important financial hub in Asia, Singapore has become one of the major expansion areas for global forex brokerages. There are many top-notch brokers settling in the area, creating a distinctive market with its variety of trading conditions for clients.
Low spread is undoubtedly one of the most sought-after features from a forex broker. Thus, we specifically put together a list of forex brokers in Singapore that provide low spread. Check the list below.
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What are the drawbacks of fixed spreads in forex trading?
While fixed spreads offer stability and predictability, they may come with some drawbacks, including:
- Potentially higher trading costs during low volatility, as the fixed spread remains constant.
- Limited flexibility, as traders do not benefit from tighter spreads in calmer market conditions.
- There is less opportunity for cost savings when spreads naturally narrow.
Continue Reading at ECN vs Fixed Spread, Which Type is Better?
How to find out if my broker marks up the spreads?
Believe it or not, you can ask the broker directly. Some ECN/STP brokers openly state that they mark up spreads because they feel they have the right to do so.
You can also check the authenticity of spreads from an ECN/STP broker that (perhaps) covers up its spread mark-up by directly comparing the broker's spread with the actual market spread.
Continue Reading at Forex Broker Cheats and How to Anticipate Them
Why do brokers charge higher spreads for weekend trading?
Brokers offering weekend trading often charge higher spreads compared to weekdays. This practice is due to the lower trading activity and market availability during weekends.
Continue Reading at Forex on Weekends: To Trade Or Not to Trade
How does raw spread account work in trading?
A raw spread account offers low or zero spreads, meaning there is no difference between the market price and the broker's price. A raw spread account is often called an ECN (Electronic Communications Network) account. Both account types provide trading at exact market rates but differ in spread and commission structure.
Continue Reading at Raw Spread Vs Fixed Spread: Which is the Best for Scalping?
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