Fbs singapore

FBS runs a christmas charity event in brazil ideal for those who want to calculate their profit precisely

Trade forex, cfds, stocks and metals with honest broker

For newbies, risks are 100 times lower

Highest honest leverage on market

Wide payment systems geography

Feel free to choose any account type you like!

For experienced market players making their way to forex heights

Perfectly suits those who are just starting on their way to success on forex

Ideal for those who want to calculate their profit precisely

Designed for those who prefer trading at the fastest speed

For those who want to feel the full power of trading with ECN technologies

To grow your confidence, train your trading skills on a demo account.

Deposit with your local payment systems

Be armed with the latest news

FBS runs a christmas charity event in brazil

Dreams come true winner gets a motorcycle to help him and his students commute

Trading schedule changes due to martin luther king, jr. Day

EUR/USD bulls target again 1.24 area

All attention to biden's inauguration

IBM: breakthrough or reversal?

Market outlook for this week

How to trade ahead and after BOC report?

Market sentiment slightly improved

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The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize

The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran

Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203

For cooperation, please contact us via support@fbs.Com or +35 7251 23212.

Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.

FBS LEADERS SUMMIT

WIN THE JOURNEY TO SINGAPORE

On august 27th FBS held a splendid luxurious party for 25 winners of FBS leaders summit contest. Top-partners from indonesia, thailand, malaysia, singapore, vietnam, italy, maldives, brazil and south africa gathered together with FBS top management on the deck of the royal albatross sailing yacht.

This was a great event to remember. A magnificent evening under the sails of a luxurious yacht, filled with laughter, singing, dance competitions, photo shoots, delicious food, drinks, networking and ultimate fun! We had an unforgettable time together!

Check out the report to find out more!

PARTNERS TOP LIST

Withdraw with your local payment systems

Contact us

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Line

The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize

The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran

Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203

For cooperation, please contact us via support@fbs.Com or +35 7251 23212.

Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.

Is FBS a scam?

What is the FBS and how it works?

Can you make money with this platform?

We know that there are many trading platforms the promises you to make money, but many of them are just scams and ponzi schemes

In this FBS review, we are going to cover what is the price to join, what is the compensation plan, what kind of products they have, and whether people making money.

Let’s get right into that.

Disclaimer
please note, I am not a member or an affiliate for FBS. This review is based on research and information available online in the public domain.
Any recommendation and conclusions are only opinions and may not apply to all persons or situations.

Overview

Name: FBS
website: www.Fbs.Com (or FBS.Eu for EU market)
price to join: $1 to $1,000
recommended: not really. Still, it is an MLM company.
I recommend affiliate marketing. Check the pros and cons of both business models (affiliate marketing vs. MLM).

FBS summary

FBS is an international online broker that offers to trade in forex. This is supposed to be a friendly platform for beginners and advanced traders as well.

However, there is no information about who runs this company.

This company is regulated in the EU by the cyprus securities and exchange commission and by the international financial service of belize.

However, FBS is banned in big trading markets, like the USA, canada, or japan.
The service they offer seems legit, so it is not quite clear why they do not operate in those big markets.

The good thing about the FBS is that the minimum deposit can be $1 (depending on the specific account).

From first sight, it is not quite clear whether FBS is a scam or not, although I would recommend searching for more legitimate platforms.
The reason being is that there are some issues (red flags if you will) with the FBS.

For example, there are a lot of people complaining about the withdrawal process, and also that FBS support is not responding.

My recommendation is – not to get involved with the FBS.

There are many legal ways how to generate consistent income.

I personally prefer affiliate marketing, where I run one website that generates me 4 digits online.
Here is a link to the method I have been using since 2017.

What is FBS?

FBS is an investment company that helps you to generate profit by marketing their services and products. The company was founded in 2009.
According to their privacy policy, this company is regulated by the cyprus securities and exchange commission.

Cyprus is a well-known country due to the fact that a lot of scammy companies have their headquarters there. Now does it mean right away, that FBS is a scam?

No, at least not at this point.

FBS is basically a forex trading company offering services. They also offer education products for forex trades.

The company claims to have more than 15 million active traders in more than 190 countries.
Based on the number of monthly visits the site FBS.Com gets, it is probably about right.
(the site FBS gets more than 2M visits per month).

We are going to find out that people from certain countries (like the US or UK) can’t register with the FBS.
This to me is a red flag.

A person who is allowed to register (the list of countries below) can earn money once opens one of the accounts (we will get there in more details in a bit).
There are 2 ways how o make money:

The first way is to through investing and trading

The second way is to promote FBS and make commissions

One must be careful when it comes to investing; there are many companies that are literally pyramid schemes, or ponzi schemes (just like beurax or petronpay).

I am sure you know that FBS works as a multi-level marketing company.
You will be paid according to the number of people below you. In fancier words, when you build your team.

Of course, this recruiting part is optional but make no mistake.
The only real money is in recruiting.

So let’s dig a bit deeper.

Who runs the FBS?

It is not clear who the owner is.

I find this as a red flag since most legitimate companies reveal who the CEO or founder is.
Unfortunately, it is not the case with the FBS.

What I also find disturbing is a fact that this company reveals a number of shell companies operating from:

FBS inc. In the marshall islands

HDC technologies ltd in cyprus

FBS markets inc. In belize

Nevertheless, they have their own youtube channel and the person that walks you through webinars is elizabeth belugine.
According to her FB profile, she is from st. Petersburg, russia.

Most likely she is not the founder and only works for FBS.

For example here is a video where she explains, what are the advantages of the forex market?

There are also a lot of videos including webinars that have about 1 hour (or more).
I am sure there is a lot to learn.

Who is it for?

FBS seems like a good platform for both beginners and advanced traders.

As mentioned above, there are certain countries where their service is not available.
Let’s take a look at the countries that are banned from using their services

Canada

Japan

Brazil

Israel

Myanmar

Iran

Why?
Could it be that these countries have strict regulations against scammy companies?

Here is the list of countries where FBS accepts traders from:
australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar, and most other countries.

Is FBS a pyramid scheme?

It is important to distinguish between regular MLM and a pyramid scheme.

The fact is that every MLM company has routes in a pyramid scheme.
To make it legitimate, a company must offer retail products.

The distributor or IBO’s (independent business owner) should be able to earn solely from selling these products – whether it is a tangible product (like in the mary kay or amway case) or it could be course or service.

By now we know that FBS offers services, so it can’t be called a pyramid scheme.

But if you want to know how to post a pyramid scheme here is a short video:

How to register with FBS?

You can open an account assuming you are not from the banned country.

Just enter your email and then you will have your account information assigned.

Before you can make a deposit, you are required to fill out the survey.

It concerns your personal data like

Date of birth

Citizenship

Your address

Phone number

And other questions that I personally find annoying.

Are you a politically exposed person

How many times did you trade over the past year?

What is your employment status and your “sphere”

What is your source of income and your net annual income?

Then based on the results you get the retail status with a recommended deposit you can trade.

After that just select the way how you want to make the deposit.

What products (accounts) does FBS offer?

These are not exactly products, but rather accounts you can open.

Standart – this is for experienced market players. The initial deposit is $100.

Cent – this is for beginners, people who are just starting to learn about forex and that is why the initial deposit is $1 only.

Micro – fits the best for those who like math and can calculate their profit. The minimum deposit is $5

Zerospread – this is for those who like trading fast. The minimum deposit – $500.

ECN – and finally, this account is the best for those who are confident and want to trade with the ECN technologies. The minimum deposit is $1,000.

So depending on your experience you can start with $1 or $1,000.

You have both (MT4 and MT5 )metatrader platform available also as mobile apps.

These apps allow trading on financial markets via android and ios.
You can also monitor your account status, buy and sell financial instruments, or track the history of trades.

Compensation plan

Most MLM companies have a pretty tricky compensation plan. In many cases, you have to through 20 to 40 pages, and it is still not clear what the deal is.

FBS offers a pretty simple compensation plan.
They use a 3 level system (uni-level) that looks like this:

The trading commission is paid down to 3 levels:

Level 1 – you get 100% on the trading activity of your affiliate (or trader)

Level 2 – 15%

Level 3 – 5%

Is FBS a scam?

FBS is not an outright scam.

People who are just getting started, earn money
but the problem seems to be with support and communication when it comes to withdrawal.

Also due to the MLM structure, I am afraid that most people will not make enough to pay the bills.

Don’t get me wrong. There is certainly a great opportunity to make money with forex.

But I would be careful joining shady companies with unclear ownership and yet operating from a scammy friendly country.

My advice – if you want to learn how to make money with forex, do more research and find a legitimate company with a history that does not ban certain countries.

Please note, that whenever there is an MLM structure involved, it always works as the following:

Before we wrap up…

A long time ago I was involved with one MLM company, and it did not work out.

I went through a lot of jobs and eventually I have learned something about online marketing.

Long story short, now I know how to create a website that drives free traffic, and most importantly, this website earns me 4 figures.

There are plenty of ways on how to make money; I personally think that being in online marketing is the best way to go.
To be more specific I earn money with affiliate marketing.

At the bottom of the post, there is a link that directs to my #1 recommended platform.
It concerns one specific educational platform that teaches how to create a website that generates income.
I am sure you know that it takes special knowledge to succeed online. And this is a perfect platform that teaches everything, step by step from the basic stuff to advanced one.

What I like about FBS

The compensation plan that is simple and easy to comprehend

Long established company (based in 2009)

MT4 and MT5 integration

What I don’t like about FBS

Not available in big trading markets

No information about who runs the company (who is the founder or CEO?)

They have linked shell companies operating out of belize and marshall islands

Conclusion

It does not seem that this is a scam.

Unlike many other forex trading systems, FBS wants their clients to know, that forex trading is very risky and you should use money that you can lose.

However, there is still a number of major red flags that are disturbing.
I personally don’t recommend it.

Remember that, when it comes to investment, keep in mind the following rule:

Don’t invest more than you can afford to lose

I would be glad if you can share your personal opinion about FBS. Please use the comment section below, I am sure your opinion will appreciate it by other readers.

Also, in case you have questions don’t hesitate to ask.
I will do my best to provide you with feedback within 24 hours.

Thank you for reading,
mike

How to get started with affiliate marketing?

I have been a member of wealthy affiliate since late 2017 without a prior marketing experience.
Beginning of 2018 I have learned how to build a website that drives traffic and makes sales.

Since the summer of 2019, I am a full-time internet marketer and I work from anywhere I want, whenever I want.
Training within wealthy affiliate teaches how to generate a consistent income in the long run.

FBS review and tutorial 2021

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Trade on nearly 50 leveraged forex pairs.

FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.

History & headlines

FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).

FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.

Trading platforms

FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.

Metatrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

One-click execution and copy-trading

Expert advisors (EA) service and apis

Wide range of technical indicators and charting tools

Support for clients using a virtual private server (VPS)

FBS metatrader 4

The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.

Metatrader 5

This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:

Hedging & netting

Market depth view

More technical indicators

More order types and timeframes

FBS metatrader 5

MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.

Markets

Clients can access a wide range of assets for trading:

Forex – 28 standard pairs plus 16 exotics

Metals – four precious metals

Energies – WTI and brent crude oil

Stocks (global only) – 40 company shares

Indices – four indices including the NASDAQ

Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.

Trading fees

Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.

The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.

FBS leverage

The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile apps

FBS trader app

The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.

FBS mobile app

MT4 & MT5 apps

Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.

FBS metatrader mobile trading

Payments

The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.

Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.

Demo account review

FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.

Trading bonuses

FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.

Licensing

FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).

In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.

Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.

Additional features

The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.

FBS economic calendar

Copy trading

The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.

Trading accounts

New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.

When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.

Pros and cons

Benefits

Advantages of trading with FBS include:

MT4 and MT5 integration

Ultra-low minimum deposits

Competitive zero-pip spreads

Range of promotions & deposit bonuses

Drawbacks

Bad areas flagged in our review include:

Fewer account and trading options in the EU

Commissions payable on many trade types at the global firm

Trading hours

The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.

Customer support

Customer support is available in english, spanish, portuguese, french, german and italian:

Email – info@fbs.Eu

Live chat – logo in bottom right

Contact number – +357 25313540

Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus

Global

Contact options including live chat, callback, and whatsapp are available on the global website.

Trader safety

FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.

FBS verdict

FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.

Accepted countries

FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.

Where is FBS regulated?

This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).

Is FBS a good broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.

Does FBS offer any bonuses?

The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.

What is the minimum deposit at FBS?

Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.

What platforms does FBS offer?

FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.

Does the FBS broker have trading on nas100?

Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.

17 best forex brokers singapore for 2021

The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in singapore is popular among residents. Before any fx broker in singapore can accept forex and CFD traders as clients, they must become authorised by the monetary authority of singapore (MAS), which is the financial regulatory body in singapore. MAS's website is mas.Gov.Sg. We recommend singaporean residents to follow the MAS on twitter, @mas_sg.

MAS is singapore's central bank and financial markets regulatory body and was founded in 1971. For a historical breakdown, here's a link to the monetary authority of singapore's webpage on wikipedia.

Best forex brokers singapore

To find the best forex brokers in singapore, we created a list of all MAS authorized brokers, then ranked brokers by both trustworthiness, as well as their trust score. Here is our list of the top forex brokers in singapore.

IG - best overall broker 2021, most trusted

Saxo bank - best for research, trusted global brand

CMC markets - best web platform, most currency pairs

Interactive brokers - great for professionals and institutions

City index - excellent all-round offering

Plus500 - best for beginners 2021

Singapore forex brokers comparison

Compare singapore authorised forex and cfds brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's forexbrokers.Com trust score.

Forex broker	accepts SG residents	regulated by MAS	average spread EUR/USD - standard	minimum initial deposit	trust score	overall	visit site
IG	yes	yes	0.745	£250.00	99	5 stars	visit site
saxo bank	yes	yes	0.800	$10,000.00	99	5 stars	visit site
CMC markets	yes	yes	0.740	$0.00	99	5 stars	visit site
interactive brokers	yes	yes	N/A	$0	94	4.5 stars	visit site
city index	yes	yes	1.100	£50.00	93	4.5 stars	visit site
avatrade	yes	0.910	$100.00	93	4 stars	visit site
XM group	yes	1.600	$5-100	84	4 stars	N/A
FP markets	yes	1.140	$100 AUD	81	4 stars	visit site
plus500	yes	yes	0.600	€100	98	4 stars	visit site
pepperstone	yes	1.160	$200.00	90	4 stars	visit site
IC markets	yes	0.800	$200	83	4 stars	visit site
tickmill	yes	0.530	$100.00	81	4 stars	visit site
fxpro	yes	1.510	$100.00	89	4 stars	visit site
vantage FX	yes	1.350	$200	79	3.5 stars	N/A
moneta markets	yes	1.300	$200.00	79	3.5 stars	N/A
HYCM	yes	2.00	$100	84	3.5 stars	visit site
eightcap	yes	$100	69	3.5 stars	N/A
VT markets	yes	1.30	$200	79	3.5 stars	N/A
blackbull markets	yes	0.76	$200	70	3.5 stars	N/A
octafx	yes	1.100	$5	59	3.5 stars	N/A
hotforex	yes	1.20	$50	83	4 stars	N/A
easymarkets	yes	0.900	$100.00	81	3.5 stars	N/A

How to verify MAS authorisation

To identify if a forex broker is regulated by MAS, the first step is to identify the register number from the disclosure text at the bottom of the broker's singapore homepage. For example, here's the key disclosure text from CMC markets's website,

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 securities and leveraged foreign exchange, and is an exempt financial adviser.

Next, look up the firm on the MAS website to validate the register number is, in fact, legitimate. Here is the official MAS page for CMC markets singapore pte. Ltd..

More forex guides

Methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.Forexbrokers.Com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with forexbrokers.Com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses forexbrokers.Com or any of its reviews, products, or services. Forexbrokers.Com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

IG - 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA - cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

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10 discounted activities like museums, sentosa attractions & movie tickets to clear your leave with this holiday

Discounted activities for DBS/POSB cardmembers

‘tis the season to kick back and let loose. But with all the school vacations or annual leave days and no overseas trip to fly off to, what’s a singaporean to do to wrap 2020 up on a high? Start wrangling up your hangout squad and planning your singapoliday itineraries ‘cause DBS/POSB cardmembers are getting discounted activities galore.

Pump up your adrenaline and experience being a tourist in your own country with up to 40% off attractions like jewel changi’s canopy park, cable car rides and an insider tour around sentosa island. On days where you prefer to be chillin’ like a villain , there are also discounts of up to 50% off streaming subscriptions for VIU and mewatch, and golden village ticket deals.

1. Singapore cable car – 40% off rides & discounted cable car sky dining

What better way to marvel at the sentosa island scenery than with an aerial view within singapore cable car cabins. The ride grants unblocked, bird’s-eye perspectives of lush greenery as well as architectural landmarks spanning mount faber, harbourfront and sentosa. A round-trip cable car sky pass is now available for 40% off with the promo code DBS2020.

Bring your cable car experience to greater heights with a sumptuous 4-course meal in the air. The cable car sky dining stardust cabin package travels three rounds and lasts for 90 minutes, so you can take your time to savour options like wagyu beef cheek, norwegian salmon fillet and char-grilled whole lobster. Save 10% off with the promo code DBSSKY10.

Valid from now till 31st march 2021.
Find out more about DBS/POSB’s singapore cable car discounts .

2. White sails – 15% off yacht charter to lazarus island

Setting sail on a yacht is a crazy rich asians type of activity most of us wouldn’t dream of partaking in, but white sails’ 15% off yacht charter promo will help to realise this fancy-living fantasy. Use the promo code WSDBS15 to save up to $127 off a 4-hour yacht charter, ferrying a total of 5 pax to idyllic lazarus island .

Two kayaks, two snorkel kits, two fishing rods and one floating mat will be included for you and your sailing buddies. The yacht also has an open-air net for you to chill, take in 360-degree ocean views, and snap a boatload of instagram-worthy photos on.

Bonus: get 10% off add-on experiences such as a BBQ food package and grilling service onboard. If you thought chalet bbqs were memorable, wait till you get the taste of freshly grilled meats while out at sea.

They also offer a city skyline cruise which sails past marina bay, and a southern islands cruise which takes you through lazarus island, st john’s island, kusu island and sisters’ island for a full-fledged sea expedition.

Valid from now till 30th september 2021.
Find out more about DBS/POSB’s white sails yacht charter discounts .

3. Jewel changi airport – up to 25% off attractions like mirror maze & canopy bridge

People flock to jewel changi for good food, retail therapy and eastside chill vibes in general, but you may have missed out on the hidden thrills of jewel changi attractions . Offering plenty of excitement for both kids and the young at heart to bounce, slide and frolic around, everything is within a comfy air-conditioned environment overlooking the gorgeous rain vortex waterfall.

Save 20% off bundle packages combining the hedge maze, mirror maze and canopy bridge. The bundle packages also include the canopy park, and manulife sky net sessions for both walking and bouncing. If you prefer to pick and choose only the activities you want, opt for ala carte tickets and get 25% off each attraction, with the exception of canopy park.

Valid from now till 28th february 2021.
Find out more about DBS/POSB’s jewel changi attraction discounts .

4. Golden village – discounted movie tickets & coca-cola® combos

Heading to the movies was an activity sorely-missed throughout circuit breaker (CB), and what better way to usher cinema-going back into our lives than with some discounted golden village movie tickets* . Get $3 off gold class® shows, $2 off gold class express shows, and $1 off all other ticket types. You now have a reason to experience gold class® and live in the lap of luxury!

No movie sesh is complete without some snacks to munch on, and DBS/POSB cardmembers get to enjoy discounted popcorn and coca-cola® combos with the purchase of any movie ticket. To enjoy these movie ticket and F&B deals, just make payment with a DBS/POSB credit or debit card, or DBS paylah!.

Valid from now till 31st december 2020.
Find out more about DBS/POSB’s golden village discounts .

*discounted gold class® and gold class express tickets are valid mon – wed only, and not valid on PH/eve of PH.
Discounted tickets for regular movies are valid daily, except PH/ eve of PH.

5. Viu – 50% off streaming for korean, japanese & chinese shows

Image adapted from: viu

Most streaming platforms are rather limited in terms of asian options. Viu lets you stream both classic dramas as well as the latest releases when it comes to korean, chinese and japanese shows. Episodes are available online as fast as 8 hours after the original telecast, so you won’t have to wait eons for the web upload or live in fear of spoiler alerts.

Besides zero ads, viu premium also allows unlimited downloads so you can watch on-the-go without worrying about depleting your mobile data. To enjoy 50% off a premium subscription for your choice of 90, 180 or 360 days, just key in the promo code DBS + the first six digits of your DBS/POSB card number.

Valid from now till 31st july 2021.
Find out more about DBS/POSB’s viu premium subscription discounts .

6. Sentosa island bus tour – 40% off fort siloso & sentosa cove tour

Fort siloso skywalk

In the spirit of rediscovering singapore and being a tourist in our own land, hop aboard the sentosa island bus tour and relive the good ol’ days of school excursions. The two-hour guided tour will bring you through the luxurious sentosa cove, lively resorts world sentosa theme park, and fort siloso – where you can stretch your legs and embark on an 11-storey skywalk.

Tickets are originally priced $25 per adult and $20 per child, but DBS/POSB cardmembers get 40% off . At just $15 and $12 per adult and child respectively, you’ll get to enjoy a relaxing bus expedition and discover nuggets of info about sentosa island along the way.

Valid from now till 31st march 2021.
Find out more about DBS/POSB’s sentosa island bus tour discounts .

7. Mewatch prime – up to 40% off subscriptions on mewatch prime & HBO GO bundle

Image credit: mediacorp

Mediacorp programmes have always been a staple of life in singapore, entertaining school kids and grandparents alike. Mewatch prime lets you stream the latest mediacorp dramas and more, even before they get broadcast on TV, so you can quell your suspense from the last episode’s cliffhanger.

Get 40% off a three-month mewatch prime subscription with the promo code DBS40, and your entire household will get to share in the viewing pleasure. Alternatively, you can top up your subscription to a mewatch prime and HBO GO bundle at just $16 per month (U.P. $23.88), and add hollywood blockbusters and award-winning original series to your to-watch list.

Valid from now till 30th june 2021.
Find out more about DBS/POSB’s mewatch prime & HBO GO discounts .

8. Madame tussauds – 40% off tickets to celebrity wax museum

Image credit: madame tussauds singapore

Back when international travel was possible, celebrity encounters when we go overseas or when they come to singapore for concerts were a once-in-a-blue-moon thrill. Until those days return, there’s always trips to madame tussauds where we can get up close and personal with lifelike figures of our favourite stars and fictional characters.

Admission is 40% off when you get your tickets online via the madame tussauds singapore website with the promo code DBS25. This brings the tickets down to just $25 per adult, and 15 per child (U.P. $42 and $32 respectively). Walk-in visitors also get to enjoy 20% off their tickets.

Bonus: happening from 9th – 23rd november 2020 only, get 1-for-1 madame tussauds tickets with the promo code DBS1FOR1.

Valid from now till 31st july 2021.
Find out more about DBS/POSB’s madame tussauds discounts .

9. Reality rift arena – up to 15% off gaming session with private room

Image credit: reality rift arena

Not all of us can afford a top-notch gaming PC , but that doesn’t mean we have to put ourselves through infuriating lags and rage quits. Conveniently located at bugis+, reality rift arena is an internet cafe where you can get in the zone and play valorant, call of duty, dota and tonnes of other computer games on high-performance pcs and speedy internet connections.

Although they have open-area PC spaces, top up just $1 per hour from monday to thursday or $2 per hour from friday to sunday to enjoy the comfort and privacy of their dedicated gaming rooms. Get 10% off their gaming room slots with a minimum booking of two hours, and 15% off if you happen to own a DBS live fresh card .

Bonus: from now till 31st november 2020, new customers will get 1-hour of free PC gaming for free. A perfect chance to give their facilities a whirl if you’ve never tried before!

Valid from now till 31st december 2020.
Find out more about DBS/POSB’s reality rift arena discounts .

10. Singapore flyer – 20% off singapore flyer tickets & 10% off total bill at sky view pavilion

Besides providing panoramic views of our spectacular skyline, singapore flyer is also the site for various dining options – both on the ground and 165 metres high in the sky. DBS/POSB cardmembers are entitled to 20% off singapore sling flight and premium champagne flight tickets.

A feast for the eyes is best paired with a feast for the tummy, and you’ll be able to enjoy 10% off your total dine-in bill at singapore flyer’s ground-level mod-cantonese restaurant – sky view pavilion. Those who want to wine and dine while soaring above the CBD’s twinkling lights can also explore the singapore flyer sky dining option – featuring four courses of western, chinese or vegetarian dishes.

Valid from now till 30th december 2020.
Find out more about DBS/POSB’s singapore flyer discounts .

Save on activities and attractions in singapore with DBS/POSB cards

We may be stuck in singapore, but there’s nary a lack of things to do to end 2020 on a fun and exhilarating note. These activity discounts have got you covered, whether you’re planning an extravagant celebration on the seas or among the stars, or beating everyday boredom with a gaming session or a trip to the movies.

Switch things up between adventures out and about and idyllic days spent cosying up to your loved one, catching up on shows. All you need is your DBS/POSB card in tow, and you’ll be good to enjoy these exclusive discounts for the months ahead.

Find out more about DBS/POSB discounted activities here

This post was brought to you by DBS.

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Banks in singapore

DBS bank branches in singapore

Type branch name, city or address:

Alexandra branch
460 alexandra road
#02-33/34 alexandra retail centre
singapore 119963
tel: 1800-111 1111
fax: 6272 9474
opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)
financial advisory services opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)

Ang mo kio branch
53 ang mo kio avenue 3
#03-01/27 AMK hub
singapore 569933
tel: 1800-111 1111
fax: 6483 4176
opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)
financial advisory services opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)

Ang mo kio branch
53 ang mo kio avenue 3
#B1-01 AMK hub
singapore 569933
tel: 1800-111 1111
fax: 6752 6529
strictly for account opening & investment only. (no cash and any other banking transactions)
opening hours:
11.00 AM – 6.00 PM (monday to friday)
10.30 AM – 2.30 PM (saturday)
financial advisory services opening hours:
11.00 AM – 7.00 PM (monday to friday)
10.30 AM – 3.30 PM (saturday)

Bedok branch
blk 210 new upper changi road
#01-707
singapore 460210
tel: 1800-111 1111
fax: 6449 0793
opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)
financial advisory services opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)

Bishan branch
9 bishan place
#01-14 junction 8 shopping centre
singapore 579837
tel: 1800-111 1111
fax: 6353 6270
opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)
financial advisory services opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)

Bukit timah branch
1 jalan anak bukit
#01-19/20 bukit timah plaza
singapore 588996
tel: 1800-111 1111
fax: 64681062
opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)
financial advisory services opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)

Choa chu kang branch
blk 304 choa chu kang avenue 4
#01-657/659
singapore 680304
tel: 1800-111 1111
fax: 6765 6055
opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)
financial advisory services opening hours:
8.30 AM – 4.30 PM (monday to friday)
8.30 AM – 1.00 PM (saturday)

Singapore's DBS bulks up digital banking with AI and big data

Southeast asia's largest lender goes on offensive as new rivals loom

SINGAPORE -- southeast asia's largest lender DBS bank is betting on artificial intelligence and big data to shore up its digital offerings, as new rivals are set to enter its home turf in singapore on the back of new licenses offered by the local central bank.

DBS on monday said it was adding predictive technology to its mobile applications, which will proactively offer suggestions to customers on how to more effectively manage their money or cut losses on investments.

The move is the latest in a series of steps DBS has undertaken to modernize its services. In 1997, it became one of the first in southeast asia to introduce internet banking.

"we will continue to disrupt ourselves so that we can continue to stay ahead -- these days if you don't innovate, you will simply be passed by because the industry is moving so fast," said sim S lim, group head of consumer banking and wealth management at DBS during an online briefing.

The bank is keen to hold on to its position as one of the anchor financial institutions in singapore and has steadily been investing in developing its electronic banking assets even as new rivals threaten to chip away at its standing.

A range of local and overseas financial technology and internet giants, including china's bytedance -- owner of video-sharing app tiktok, as well as alibaba group holding's ant financial, have entered into varying partnerships to bid for five virtual banking licenses in singapore.

The city-state's central bank is evaluating the bids and expected to announce the winners later on this year. The stakes are high -- those permitted to operate will be able to tap a market worth almost $2 trillion.

There are two digital full bank licenses on offer that would allow entrants to take deposits from and provide banking services to both retail and non-retail customers. Three wholesale bank permits will also be issued that will allow institutions to receive deposits from and provide banking services to non-retail customers, including small- and medium-sized enterprises.

Full digital bank license applicants must be headquartered in singapore and controlled by local entities, meaning that overseas players will have to form partnerships with companies in the city-state if they wanted to bid.

Singapore hopes that pure digital banks will be able to combine advanced technologies and improved data analytics to reach underserved segments of the market that differentiates them from existing banks.

Companies seeking the digital full bank licenses must have starting paid-up capital of 15 million singapore dollars ($11 million) before progressing to becoming a digital full bank with paid-up capital of S$1.5 billion.

DBS said on monday that by the first quarter of next year, it will have launched a suite of new features in its apps that will cover suggestions on stocks that its system determines are suited to a client's investment habits, and give customers the ability to pay all their monthly bills in one step, instead of separately.

"we are now on the offensive, telling you how to help manage your money and how to plan your retirement, so that part I hope we can differentiate ourselves [from the competitors]," lim said.

DBS has spent SG$4.4 billion over the last four years on technology. Lim said the target was for investment income growth in his business to be raised from around 10% annually to 25% as a result of all the efforts poured into digital banking.

On the human resource side, the bank has collaborated with cloud computing provider amazon web services to help develop skills in AI and machine learning for its staff, with more than 3,000 employees, including senior executives, set to be trained in new technologies by the end of the year.

The bank said it has seen a surge in virtual banking engagements amid the new coronavirus pandemic. It reported that between january and may, transactions on its retail digital platform surged by 220% year-on-year, with transactions on its wealth management system jumping 198% compared with the same period last year.

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