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Trade Forex on award-winning platforms
Choose from a wide range of currency majors and exotic currency pairs. Trade with tight spreads on Phillip MetaTrader 5, TradingView and Phillip Nova.
Forex
Trade majors, minors and exotic currency pairs from as low as 0.6 pips (on Phillip MT5).
Why Trade Forex with Phillip Nova?
Award-winning Forex broker
Zero commission and spreads from as low as 0.6 pips (on Phillip MT5)
Chart and trade with ease on TradingView
Latest Phillip MetaTrader 5 (MT5) platform
Forex Trading Platforms
Phillip MetaTrader 5
TradingView
The world’s most beloved charting platform with an array of technical and analytical tools.
Phillip Nova 2.0
With over 100 technical indicators, live charts and a Market Depth Trading Tool, Phillip Nova 2.0 is your ideal trading companion.
Forex Currency Pairs
| MAJORS (POPULAR PAIRS) | |||
|---|---|---|---|
|
EUR/USD |
USD/JPY |
GBP/USD |
USD/CHF |
|
AUD/USD |
NZD/USD |
USD/CAD |
|
| MINORS | |||
|---|---|---|---|
|
AUD/CAD |
AUD/CHF |
AUD/JPY |
AUD/NZD |
|
AUD/SGD |
CAD/CHF |
CAD/JPY |
CAD/SGD |
|
CHF/JPY |
CHF/SGD |
EUR/AUD |
EUR/CAD |
|
EUR/CHF |
EUR/GBP |
EUR/JPY |
EUR/NZD |
|
EUR/SGD |
GBP/AUD |
GBP/CAD |
GBP/CHF |
|
GBP/JPY |
GBP/NZD |
GBP/SGD |
HKD/JPY |
|
NZD/CAD |
NZD/CHF |
NZD/JPY |
NZD/SGD |
|
SGD/JPY |
USD/CNH |
USD/HKD |
USD/SGD |
|
USD/THB |
|
|
|
FX Pairs Minimum Spread (on Phillip MT5)
| FX SPREAD TABLE | ||
|---|---|---|
|
CURRENCY PAIR |
BEST SPREAD |
MARGIN FROM |
|
EUR/USD |
0.6 pips |
5% |
|
USD/JPY |
0.7 pips |
5% |
|
AUD/USD |
0.7 pips |
5% |
|
USD/SGD |
0.8 pips |
5% |
|
GBP/USD |
0.8 pips |
5% |
*Accurate as at 7 July 2022
Daily Headlines
Exploring the Dynamic World of Forex (FX) Trading with
Phillip Nova in Singapore
The foreign exchange market, also known as forex, is the largest financial market globally, facilitating the continuous trading of currencies. Forex trading involves speculating on the relative value of two currencies (e.g., EURUSD, USDJPY). You buy one currency in anticipation that it will appreciate in value compared to the other. When doing online forex trading, Forex traders often conduct both technical analysis (studying historical price charts and indicators) and fundamental analysis (economic factors) to make informed trading decisions.
Power Up Your Forex Trading Experience with One of Singapore's Best Forex Brokers
Trading with a reputable Singapore forex broker like Phillip Nova can enhance your trading experience, providing access to a range of tools and resources tailored for FX trading experience in Singapore. Whether you’re a seasoned trader or just starting, choosing the right broker is essential for navigating the dynamic forex market effectively.
Master the Forex Market with Phillip Nova | Empowering Your Forex Trading Journey
Venture on a seamless journey of online forex trading with Phillip Nova, Singapore’s award-winning forex broker. Get real-time market data and insights from Phillip Nova’s expert team, empowering you to navigate the ever-evolving forex market trend.
Enjoy zero commission and tight spreads starting from as low as 0.6 pips with your trusted Phillip MT5 broker in Singapore. Sign up now for a free 30-day Forex demo account with Phillip Nova and practice your trading skills in a risk-free environment.
FAQs
Click here to view more FAQs.
Forex trading is the buying and selling of currencies in pairs, aiming to profit from changes in exchange rates. Trades are executed in the decentralised global currency market, which operates 24 hours a day, five days a week.
Open and fund a Phillip MT5 account, choose your desired currency pair, and place buy or sell orders based on your market analysis. The platform offers advanced charting, technical indicators, and order types to support your trading decisions.
Yes. MT5 is the preferred trading platform for forex traders worldwide, offering tight spreads from 0.6 pips, fast execution, a wide range of currency pairs, and advanced trading tools for all trading styles.
Yes. Phillip MT5 provides an intuitive interface, a demo account for practice, and a range of educational and analytical tools to help beginners get started.
Spreads for major forex pairs like EURUSD, USDJPY, AUDUSD are as low as 0.6 pips, while spreads for minor pair like EURGBP start from 0.8 pips. Do note that spreads vary depending on market conditions.
Yes. Forex trading is legal in Singapore and the market is regulated by the Monetary Authority of Singapore (MAS). It is important to trade with a licensed and regulated broker like Phillip Nova to ensure proper safeguards for your funds and trading activities.
With a fixed margin requirement of 5% on Phillip MT5, you can open a micro lot trade (notional value of US$1,000) with just US$50 in initial margin.
Phillip MetaTrader 5 is fully zero commissioned. The only trading forex in singapore costs are spreads and swap (overnight financing charges).
The spread is the difference between the bid (sell) and ask (buy) price of a currency pair. It represents a key part of your cfd trading cost and can vary depending on the currency pair and market conditions.
A swap is the overnight interest payment or credit for holding a forex position past the market’s daily close. It reflects the interest rate differential between the two currencies in the pair you are trading.
Phillip Nova trade forex Singapore offers competitive spreads, a MAS-regulated trading environment, robust platform features, and over 40 years of experience in financial markets.
You can trade major, minor, and exotic forex pairs, including EUR/USD, GBP/USD, USD/JPY, and many others.
Leverage in forex allows you to control a larger trade size with a smaller amount of capital. In Singapore, forex leverage is capped at 20 times (5% initial margin), meaning you can control a position worth US$20,000 with just US$1,000 in margin.
Phillip MT5 provides advanced charting, technical indicators, economic calendars, news feeds, trading signals, and local customer support. It also features the Trading Central Analyst Views indicator, which automatically populates pivot, support, and resistance zones on all charts, as well as actionable trade ideas powered by Acuity AnalysisIQ. Find out more here.
You can open a live trading account here. No minimum deposit is required.
