Singapore has a well established financial services industry and margin products have been popular amongst retail investors. New research according to Investment Trends (Australian based research consultancy) found that the CFD market has grown 4%, with 4000 new traders entering the market and 3000 returning back.
In addition IG Markets a UK based giant in CFD and Spread Betting has been named as the number one. Singapore regulates margin products and the key players such as CMC Markets, Saxo Bank, GFT, City Index, Phillip, and IG have a physical presence.
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Singapore is competing with Hong Kong as a financial hub for Asia, as the Chinese market still is in need of reforms, the SGX recently launched NDF trading and also trades Indian stock indices.