Singapore is not only the biggest Forex trading hub in Eastern Asia but also the third largest Forex trading center in the world after London and New York. Thanks to Singapore’s well-regulated and mature financial markets, the city-state has become a top choice for many international Forex brokers and investors.
Both the banking system and the overall stability of Singapore’s economy make the city-state an attractive destination for Forex trading. In addition, the Singaporean government has taken several steps to promote the development of the Forex industry in the country.
Singapore is the forex trading hub of South East Asia
According to Edward Kendy, a forex expert and the chief editor of world-renowned forex portal BestOnlineForexBroker.com™ “Almost 6.8 trillion dollars are exchanged worldwide and Singapore makes up a large part of that. Singapore is already Asia’s largest forex trading center in terms of volume, ahead of Hong Kong and Japan”. According to reports, Singapore is...