I am interested to start an account in Singapore for Forex Trading. However, there are many things which I do not understand.
When I register an account with SaxoBank SG for example, I will make the necessary application procedures… But how do I actually transfer the real money to my account if I win money?
Does that mean that they will need my private bank account number? So that when I earn money from my Forex Trading Account, they can send my profits to me?
Another question: Besides Saxo Bank SG, which platform is reliable and safe for me to start my Singapore forex trading account?
I know share trading, a little about options, other type I do not knows. I would like to know more about the available trading type. like forex trading, security? what are the paper trading methods available?
I would like to trade online but not have my parents name on everything, I would like everything in my name. I am 18, but some people tell me I have to be 21. I am looking to trade on web sights such as etrade, sharebuilder… Etc.
F.Y.I – I do have a checking account to link to an online trading company.
Is it possible for a foreigner (non-resident) to open a stock trading account in Singapore? I am considering investing in the stock market in Singapore, however, I am not sure if foreigners are able to do so.
I know that in order to open an offshore bank account in Singapore you will need a passport that is notarized, etc. However, I am not sure about opening a stock trading account. Can anyone give me information on this? Also are there any online trading accounts that I should look into (ie. Ameritrade, Scottrade, ect.)?