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From a distant location like Singapore, it will give you an accurate picture (more or less) without having the exact IP of your gateway server at your broker.
Anyone inside North America probably has a ping of less than 75ms, anyone near a major metropolitan area probably has a ping of less than 50ms.
Of course, anyone in Chicago probably has a ping of less than 10ms. And if you are like me, and rent a VPS at 350 Cermak, then you have a ping of less than 1ms to your broker's gateway server
Larger firms like CQG, TradingTechnologies, and IB have servers in Europe to help minimize the latency. You might put emphasis on selecting a broker that has a European gateway server you can connect to.