Singapore snags ‘most ideal country for FX traders’ title

The Lion City recorded a forex suitability score of 8.07 out of 10.

Singapore has outranked Japan and China in the City Index’s list of most ideal markets for forex traders.

According to City Index, Singapore’s high turnover of over-the-counter (OTC) foreign exchange instruments ($929b) has pushed the market to the top of the list.

Singapore’s record is six times higher than China’s record of $153b. China ranked second on the list.

City Index also reported that Singapore has the fastest average broadband speed of all countries analysed at 233.455 Mbps.

“In the fast-paced forex market, even a few seconds can make a significant difference in trade outcomes, so a reliable and speedy internet connection is crucial. Fast broadband is key for forex traders as it allows for faster trade execution, minimises the risk of connection drops or disruptions and allows for multi-platform trading across several devices,” Fawad Razaqzada, forex trading expert from City Index, commented.

Overall, the Lion City received a Forex suitability score of 8.07 out of 10.

Follow the link for more news on

Forex

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia