Whoa, dude, you put this on A LOT of threads.

Just ask in one place. Anyway, here's what I answered in another thread: So when this guy PMed me, he specifically said "cheapest options for funding my multi-currency account in USD".

I think the answer to that is "go to your bank and negotiate a better rate"; you should be able to get them down to 0.

The absolute rock-bottom cheapest conversion for banknotes is usually at the moneychangers in Change Alley; for cash-in-the-bank, it's almost always Interactive Brokers, because you can get it done literally at mid-market. So, yeah - just go to your bank. ANy advise which broker to choose? Just do note that forex is as risky as any other form of trading and the people advising in there may have other purposes.

If you need forex trading help, perhaps you can try this thread. The brokers I've used are Oanda, IBFX, FXCM, FXPrimus, HotForex Would most recommend Oanda among all these, been with them for more than 4 years no major issue I face An article regarding safety and protect against fx broker bankruptcy http: If you must, though: They're based in the USA and regulated by the SEC on the stock-trading side and the CFTC on the futures-trading side , and both of those agencies are a lot toothier than the MAS.

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The jurisdictions you need to be worried about are things like Cyprus, Malta, Panama, and Mauritius. But SEC is ang moh regulator They may regulate for the benefit of US users, how about foreign users like us in Singapore???

MikeDirnt78 , wahkao3 and Perisher like this. Shiny things, mas regulated required all the financial certificates as a proof before can open account?

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Forex and CFD trading since - FIBO Group forex broker

So, don't trade FX - it's a bad asset class to trade, and the business models of most brokerages are pretty much explicitly designed to rip off retail punters. The futures markets - and futures brokers - are a lot more tightly regulated than the FX CFD market, which means fewer dodgy brokers.

The SEC just wants to make sure its regulated firms don't blow up or run off with their customers' money. It doesn't care who those customers are. What certificates are you talking about?

They need all your usual proof-of-ID stuff, yeah, if that's what you mean. Important Forum Advisory Note. This forum is moderated by volunteer moderators who will react only to members' feedback on posts.

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