With the strategic location it holds in Asia and the options it provides to world traders, Singapore has unique benefits. Consequently, Singapore is a highly watched market today amongst all the leading economies of the world.
If you are thinking to choose Singapore for trading, you should know some important factors. Here are some important tips that should be helpful to you in that respect:
1- Firstly, you must check out the prerequisites or requirements mandatory to begin trading at SGX Singapore:
– You must fulfill the criteria of 21 years age to open a trading account.
– You should be a native of Singapore or Malaysia. If not, you will be asked to provide your passport number.
– In case you fulfill the above eligibility criterion, you may download the application form available online over the website of Central Depository Ltd. This is SGX’s subsidiary firm.
– After submission, you need to follow other guidelines like certification from Singapore Embassy.
2- An important step in the process is to choose an account type, as per your trading interest. But make sure your account meets all the guidelines and abides by the Singapore law. Especially if you want to open a joint account with a family member or want an institutional account, you must prudently look at and full all the rules set by SGX Singapore.
3- You can also associate with a reliable financial advisory like MMF Solutions to increase your profitability. Singapore is obviously a wide market but to maximize profits, you need SGX stock picks and you can get them through a dedicated package with MMF Solutions.
Start reaping the benefits of the widespread and enormously profitable SGX Singapore now. In addition to stocks, you can also start making profits with the many commodities available for trade and also with FOREX.