Finalto Adds New Singapore Stock CFDs
Finalto has added more than 30 stock CFDs to its suite of financial assets. The move gives clients access to a region with high growth potential – the Singapore stock market saw a 13.8% increase as of November 2021. Read on for the details.
Access To Singapore Stocks
Finalto’s new equity CFDs are available to all live account holders with competitive floating spreads. Users can enter positions on the latest products via the MetaTrader desktop and mobile platforms.
The Singapore Stock Exchange (SGX) is one of the leading stock markets in the Asia-Pacific region, boasting a significant number of listings from industrial and financial sectors.
The outlook for 2022 is also promising. Singapore has one of the fastest vaccine roll-outs globally, with the government revising its economic growth prediction from 4%-6% up to 6%-7%. QoQ GDP growth stood at 0.8% in Q3 of 2021.
To further support recovery in the region, the Singapore government is allowing companies to raise funds privately before public listing. The Monetary Authority of Singapore (MAS) also plans to offer additional grants to firms to help cover the cost of listing.
The result is an optimistic 2022 for Singapore’s stock market. And for traders at Finalto, the new equity CFDs offer access to a high-growth market alongside cheap valuations.
Finalto Asia CEO, Alex Mackinnon, commented: “The addition of the Singapore leveraged equities further establishes Finalto as a business that listens to the market and responds to our clients’ needs. This is just another step in our commitment to bring the best and latest opportunities giving our clients an edge over the competition.”
Finalto is a popular forex and CFD broker previously known as TradeTech Alpha. The firm is listed on the FTSE 250 and is regulated by top-tier agencies, including the CySEC, FCA and ASIC. The company’s headquarters are in the Isle of Man, though the firm has active clients in all major trading hubs.
Alongside equities, investors can speculate on indices, ETFs, forex, cryptos, bonds and commodities. Leverage up to 1:30 is offered to retail clients and the broker charges variable market spreads.
Finalto offers both the MetaTrader 4 and MetaTrader 5 platforms. These user-friendly solutions come with a host of drawing and analysis tools, instant and pending order types, plus automated trading capabilities. The terminals are also available as a free mobile application.
Follow the sign-up link below to get started.