Anonymous

29 Jan 2021

∙

Is it illegal in Singapore to manage other people money like for investments without a license?

If so what are the type of licenses one should have to know that are legal?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Presley Soh

29 Jan 2021

Trader at Octafx

Depends on what kind of investments you are talking about. If it is forex, you don't need a license to manage other people money.

Reply

Save

View 3 replies

Write your thoughts

Related Posts

If you managed to earn a large amount of money through an online business, would it be a better choice to invest in your online business or invest it in other investments like bonds and stocks?

For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?

I manage to save up $25k and will be taking my degree, should i: 1. use it to pay tuition fees? 2. take up student loan (with interest that adds up) and invest this money instead (like REITs/ETFs etc)?

How is Singapore doing for entrepreneurial support? In China, Ant has given entrepreneurs and consumers far greater access to loans, and changed the way that people manage their money. Thoughts?

Is it legal to manage money for other people (e.g. family members) in investments?

Related Posts

If you managed to earn a large amount of money through an online business, would it be a better choice to invest in your online business or invest it in other investments like bonds and stocks?

For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?

I manage to save up $25k and will be taking my degree, should i: 1. use it to pay tuition fees? 2. take up student loan (with interest that adds up) and invest this money instead (like REITs/ETFs etc)?

How is Singapore doing for entrepreneurial support? In China, Ant has given entrepreneurs and consumers far greater access to loans, and changed the way that people manage their money. Thoughts?

Is it legal to manage money for other people (e.g. family members) in investments?