Forex trading

There's no cost when opening a CFD trading account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade. You can find out more about the costs of placing a trade here

You can see the minimum trade size for all instruments on the platform, in the 'Product overview' section. 

CMC Markets Singapore Pte. Ltd. (Reg. No./UEN 200605050E.) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital market products that are over-the-counter derivatives and leveraged foreign exchange, and is an exempt financial adviser.

As a CMC client, your money is held separately from CMC Markets’ own money and is held on trust in segregated trust accounts with banks licensed in Singapore under the Singapore Banking Act (Cap. 19) and are maintained and operated in accordance with the segregation requirements under the Singapore's Securities & Futures Act (SFA). We do not use client money to hedge our positions or to meet the trading obligations of other customers. This offers you financial security and you can rest assured that your money with us is protected.

Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.

FX trading, also known as foreign exchange trading, or forex trading, is the exchange of different currencies on a decentralised global market. It's one of the largest and most liquid financial markets in the world. Forex trading involves the simultaneous buying and selling of the world's currencies on this market.
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When trading forex, you speculate on whether the price of one currency will rise or fall against another. For example, if you believe that the value of the Singapore dollar will rise, relative to the value of the US dollar, you would go ahead and trade the SGD/USD pair.

To help you understand how forex trading works, view our CFD examples, which takes you through both buying and selling scenarios.
See forex example

Forex margin rates are usually expressed as a percentage, with forex margin requirements typically starting at around 5% in Singapore for major foreign exchange currency pairs. Your FX broker’s margin requirement shows you the leverage you can use when trading forex with that broker. 

One of the advantages of trading CFDs is that you only need to deposit a percentage of the full value of your position to open a trade, known as trading on leverage. Remember, trading on leverage can also amplify losses, so it’s important to manage your risk.