Singapore sees decline in number of FX traders

Investment Trends report blames increased regulation.

The number of traders in the Singapore FX market has declined this year to 20,000 from 25,000 in 2011, a decrease of 20%, according to a new report by Australia-based financial research firm Investment Trends (to download the report summary click here).

Singapore market share:

Despite the decrease, Singapore remains a very nice FX market, certainly relative to Singapore’s size, having a population of just over 5 million. By contrast, France has a population of 65 million, and a recent Investment Trends report estimated that France also has about 20,000 total active CFD and FX traders.

As per the table above, the leading FX brokerage firms in Singapore are IG Markets, Oanda, CMC Markets, Phillip Futures, GFT, and Saxo Bank.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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