6 Best Forex Brokers in Singapore for 2026
We tested 80 brokers this year and pulled together the platforms that make trading smooth and well-supported for traders in Singapore. We focused on brokers that accept Singapore residents and prioritized those regulated by MAS.
- How this list works. Our editors choose brokers that meet this page's criteria and impressed us in testing. The list is not in score order. Brokers pay to appear on our site, which can affect which brokers we feature and where. No broker can pay to change a score or a verdict.
- The authority on broker reviews since 2011. Traders have relied on our independent testing for over a decade.
- 70+ brokers tested. We test leading brokers the same way, so we can compare them fairly.
- Every broker takes the same test. One published scoring system, with 9 weighted categories and 250+ variables, all measured hands-on by our analysts.
- Key facts are checked before publishing. An editor re-checks licenses, spreads and fees against our test data.
We verified whether the brokers offer deposits and withdrawals in SGD, platform interface and customer support in Chinese, and other benefits for clients from Singapore. We also evaluated each broker’s trading software, fees, instruments, research, and educational resources. Only the brokers that ranked highly across these areas earned a spot in our final picks.
List of Top Forex Brokers & Platforms in Singapore
*80% of retail CFD accounts lose money.
**AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
 Plus500 | 4.3 | 3.3 | $100 | 1:300 (FSA) 1:30 (ASIC) · 1:30 (FCA) · 1:20 (MAS) · 1:200 (SCB) · 1:30 (DFSA) · 1:30 (EFSA) · 1:30 (CMA UAE) · 1:30 (CySEC) · 1:30 (FSCA) · 1:30 (FMA) | Plus500 Web Platform, Plus500 Mobile App | CFD Service, 81% 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 |
 Capital.com | 4.5 | 4.1 | $20 | 1:30 (ASIC) 1:200 (SCB) · 1:30 (CySEC) · 1:300 (CMA UAE) · 1:30 (FCA) | MT4, TradingView, Capital.com Web Trader, Capital.com App, MT5 | Depending on the company, 70% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
 IC | 4.8 | 5.0 | $0 | 1:30 (ASIC) 1:400 (CMA) · 1:200 (SCB) · 1:5000 (FSA) · 1:30 (CySEC) | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. |
 Vantage | 4.6 | 4.4 | $50 | 1:30 (ASIC) 1:30 (FCA) · 1:1000 (FSCM) · 1:1000 (FSCA) · 1:2000 (VFSC) · 1:1000 (CIMA) | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. |
 AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:400 (ADGM) · 1:30 (ASIC) · 1:200 (BVI FSC) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) · 1:30 (CBI) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
 OANDA | 4.4 | 3.9 | $0 | 1:30 (FCA) 1:25 (FFAJ) · 1:20 (MAS) · 1:50 (CIRO (IIROC)) · 1:50 (CFTC) · 1:50 (NFA) · 1:30 (ASIC) · 1:30 (KNF) | MT5, MT4, OANDA Trade Web Platform | Your capital is at risk. Spreadbetting only available in UK. |
How Did FXEmpire Choose the Best Brokers in Singapore?
- We focused on brokers that accept traders from Singapore.
- We preferred brokers with MAS regulation and included brokers regulated by other reputable regulators who can provide high levels of protection to their clients.
- We sought out brokers who offered exceptional local support, including SGD deposits/withdrawals, a physical presence in Singapore, Chinese language websites/platforms, and customer support, as well as incentives for Singapore traders.
- We chose brokers without offshore entities as they do not provide sufficient protection levels to their clients.
- We tested brokers’ trading software, fees, customer services, instruments, research, and educational support.
- We listed brokers that got highly ranked compared to the industry in key areas, like fees, platforms, tradable instruments, and others.
Without further ado, let’s move to the selected top forex brokers.
Best Overall
- $100Min Deposit
- 2764Tradable Instruments
- HighFees
Why We Picked It
Plus500 has been in business since 2008 being one of the few publicly traded CFD brokers—it is listed on the London Stock Exchange under the ticker PLUS.
Based on our hands-on analysis, Plus500 offers one of the most user-friendly trading platforms in the market, which was tailor-made to suit the needs of beginner* and seasoned traders. It is regulated in multiple jurisdictions, including MAS regulation.
Regional Features
- MAS-regulated
- Office in Singapore (1 Temasek Avenue, Millenia Tower)
- SGD available for deposit
- First deposit bonus for Singapore traders
- Website available in English and Chinese.
- Local customer support
- SGD available as a base currency
- SGD available in forex pairs
The broker offers more than 2,500 CFD instruments. Experienced traders may choose the professional account that suits their needs. Plus500 has some great research tools built into the platform. We checked the +Insights tool, which provides real-time and historical data trends, customizable filters, and Traders’ Sentiment data.
*Beginners have access to an unlimited demo account where they need to start their trading experience with Plus500.
The above information is NOT relevant to EU residents. EU residents are to be serviced by European-regulated subsidiaries of the Plus500 Group, such as Plus500CY Ltd, which is authorized and regulated by CySEC, license No 250/14. Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
Pros and Cons
- Regulated in multiple jurisdictions around the world, including MAS.
- A wide variety of markets and instruments to trade, with over 2,500 available CFDs.
- User-friendly and intuitive trading platform.
- Fast-responding chat support available 24/7.
- No phone support.
- Clients are limited to 1 trading platform (WebTrader).
- High swap fees.
Best for Beginners
- $20Min Deposit
- 6313Tradable Instruments
- MediumFees
Why We Picked It
Capital.com is making waves in the trading industry with its well-rounded offering geared toward beginner and casual traders. Established in 2016, the broker provides an extensive range of 9,300 CFDs and knock-out options, a selection of user-friendly platforms, and a comprehensive collection of educational content.
Regional Features
- SCB-regulated
- SGD available for deposit
- Website available in Singapore both in English and Chinese.
- Local customer support
- SGD available in forex pairs
Capital.com has a single one-size-fits-all trading account, which features zero commissions and floating spreads from 0.6 pips. The account is suitable for beginner traders in Singapore because it combines low spreads and a low deposit requirement of only $20. My live test also revealed that Capital.com charges competitive spreads, with the most favorable prices on forex pairs, commodities, and indices.
I was most impressed by Capital.com’s extensive assortment of educational materials, spanning numerous articles, videos, guides, and courses. The broker provides new traders with a systematic approach to learning about technical and fundamental analysis, as well as trading psychology.
Capital.com has developed its own web platform, which has a pleasant, intuitive design and high-definition charts. The broker also integrates MetaTrader 4 for traders interested in more familiar setups, as well as seamless TradingView. The icing on the cake is its proprietary Investmate app, which is geared specifically for beginners and allows them to learn on the go.
Pros and Cons
- 9,300+ tradable instruments
- Comprehensive education
- Educational app
- Competitive prices
- No copy trading
Best Low Spreads
- $0Min Deposit
- 7342Tradable Instruments
- LowFees
Why We Picked It
Regulated by CySEC, ASIC, SCB, and the FSA of Seychelles, IC Markets provides access to more than 1,700 CFD instruments in forex, stocks, indices, cryptocurrencies, and commodities.
Regional Features
- SGD available for deposit.
- Website available in Singapore both in English and Chinese.
- Local customer support available.
- SGD available as base currency.
- SGD available in forex pairs.
IC Markets offered low spreads in various instruments. During our evaluation, the spread for EUR/USD was 0.6 pips and for Apple 0.04 pips during peak trading times. Examined over 80 brokers, we found IC Markets spreads in EUR/USD is considered very competitive compared to the industry average.
Traders will enjoy access to a wealth of tools, products, and support to elevate their trading. This includes access to raw spread trading accounts, the MetaTrader 4, MetaTrader 5, and cTrader platforms, as well as additional third-party tools like AutoChartist which provides real-time trading ideas.
Pros and Cons
- Competitive trading fees.
- Lots of tools and platforms available.
- Strong educational and research support.
- The broker’s offering may be overwhelming for beginners.
Best for Cryptocurrency Trading
- $50Min Deposit
- 1056Tradable Instruments
- LowFees
Why We Picked It
Founded in 2009, Vantage is headquartered in Sydney, Australia, and has more than 1,000 employees across 30 global offices. The broker provides access to instruments in forex, commodities, indices, shares, and cryptocurrencies. Vantage offers multiple trading platforms, including MetaTrader 4, MetaTrader 5, ProTrader, and the Vantage app.
Regional Features
- SGD available for deposit.
- Website available in Singapore both in English and Chinese.
- SGD available as base currency.
- SGD available in forex pairs.
- Credit deposit bonus available.
- Local customer support.
From our hands-on examination, Vantage offers trading in 43 CFDs on cryptocurrencies, including Bitcoin, Polkadot, Dogecoin, and Cardano. The selection of cryptocurrencies is above average for the industry. Clients may use cryptocurrencies for withdrawals.
Vantage’s clients will enjoy tight spreads, low commissions, and no inactivity fees. Also, the broker frequently updates written and video analysis, as well as multiple live webinars every week.
Pros and Cons
- 43 CFDs on cryptocurrencies.
- Withdrawals are available in crypto.
- Multiple available trading platforms.
- Free forex VPS hosting.
- Excellent research materials.
- Users must navigate chatbot questions before reaching a human agent.
Best Forex Trading Platform
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2006, AvaTrade is regulated by as many as eight regulators around the world, including ASIC, Japan’s FSA, and CySEC. The broker provides access to more than 1,250 instruments in forex, stocks, indices, commodities, cryptos, and FX options.
Regional Features
- Website available in Singapore both in English and Chinese.
- Local customer support.
- SGD available in forex pairs.
From our live testing, we found that AvaTrade offers a wide range of trading platforms: MetaTrader 4, MetaTrader 5, AvaTrade Web platform, as well as AvaTrade Go and AVASocial mobile apps.
Our hands-on examination showed that the proprietary AvaTrade Web platform is designed to trade markets as quickly and simply as possible, so it is easy to use even for beginner traders. The platform provides clean and responsive charts and gives access to different markets, positions, and indicators, so users can manage their whole account from the web platform.
The broker’s in-house AvaTrade Go mobile platform is simple to use and provides access to useful technical tools and features. The AvaSocial copy trading mobile app suits clients who are interested in copying the best practices of experienced trades.
Pros and Cons
- Easy-to-use web and mobile trading platform.
- Proprietary copy trading platform.
- Multiple account types.
- 1,250+ instruments.
- No alerts on the web platform.
Best Trading App
- $0Min Deposit
- 2337Tradable Instruments
- MediumFees
Why We Picked It
*Leverage trading is high risk. Losses can exceed deposits. Information on this website is general in nature and should not be construed as financial advice. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. This advertisement has not been reviewed by the Monetary Authority of Singapore.
Founded in 1996, OANDA is considered one of the pioneer brokers that achieved a considerable reputation in the market. The broker has 8 entities globally overseen by multiple regulators, including the Monetary Authority of Singapore (MAS).
Regional Features
- MAS-regulated.
- Office in Singapore (One Raffles Place Tower 1).
- SGD available for deposit.
- Website available in Singapore both in English and Chinese.
- SGD available in forex pairs.
- SGD available as base currency.
- Local customer support.
OANDA offers multiple proprietary trading platforms: OANDA Trade for Web and Desktop and OANDA mobile app. MetaTrader 4 is also available on the desktop. Clients from Singapore have access to 128 instruments from different markets.
From our hands-on test, the OANDA mobile app stands out with its intuitive and user-friendly interface. The same range of standard and advanced order types seen on the web and desktop platforms are available on the app. Charting options include 16 time frames, 8 chart types, 16 overlays, 17 indicators, 13 drawing tools, 1-click trading, and alerts available via the app.
Real-time news from Dow Jones and an economic calendar are also built-in. The app is available in English, German, Japanese, and Chinese.
Pros and Cons
- An in-house built mobile app with an intuitive and user-friendly interface.
- $0 minimum deposit.
- MAS-regulated.
- Strong research and educational support.
- No CFDs on shares.
- Bank transfer withdrawal fees.
All Brokers That Accept Clients from Singapore
| Broker | Entity for Singapore | Max Leverage | Score | Fees Score | Min Deposit | Platforms | Visit Broker |
|---|---|---|---|---|---|---|---|
Raw Trading Ltd FSA Seychelles | 1:5000 | 4.8 | 5.0 | $0 | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. | |
IG Bank S.A MAS Singapore | 1:20 | 4.7 | 3.8 | $50 | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 70% 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 | |
Pepperstone Markets Limited SCB Bahamas | 1:200 | 4.7 | 4.4 | $0 | MT5, cTrader, MT4, TradingView, Pepperstone WebTrader, Pepperstone Mobile App | 73–89% of retail investor accounts lose money when trading CFDs. | |
First Prudential Markets Limited FSA Seychelles | 1:500 | 4.6 | 4.1 | $0 | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. | |
Vantage Global Limited VFSC Vanuatu | 1:2000 | 4.6 | 4.4 | $50 | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. | |
Ava Trade Markets Ltd BVI FSC Virgin Islands, British | 1:200 | 4.5 | 4.2 | $100 | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. | |
Capital Com Online Investments Ltd SCB Bahamas | 1:200 | 4.5 | 4.1 | $20 | MT4, TradingView, Capital.com Web Trader, Capital.com App, MT5 | Depending on the company, 70% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
StoneX Financial Pte. Ltd. MAS Singapore | 1:20 | 4.5 | 3.7 | - | MT4, WebTrader | 72.5% of retail investor accounts lose money when trading CFDs with this provider. | |
Gleneagle Securities Pty Limited VFSC Vanuatu | 1:500 | 4.5 | 4.4 | $0 | MT4, MT5, cTrader, TradingView, DupliTrade | All financial products involve risk and you should ensure you understand the risk involved as certain financial products may not be suitable for everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested. Past performance of any product described on this website is not a reliable indication of future performance. | |
Hantec (Seychelles) Services Limited FSA Seychelles | 1:1000 | 4.5 | 4.2 | $10 | MT4, MT5, Hantec Mobile, Hantec Web Trader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
Interactive Brokers Singapore Pte. Ltd. MAS Singapore | 1:20 | 4.5 | 4.6 | $0 | IBKR Client Portal, IBKR Desktop, IBKR App, Trader Workstation (TWS), GlobalTrader App | Your capital is at risk | |
MEX Global Markets Pte Ltd MAS Singapore | - | 4.5 | 4.0 | $50 | MT5, MT4, MultiBank App | All forms of investment carry risk including an investor not recovering the amount invested. These services may not be suitable to all. | |
Startrader Financial Markets Limited FSCM Mauritius | 1:1000 | 4.5 | 4.5 | $50 | MT5, MT4, STARTRADER App | All investments entail risks and may result in both profits and losses. I | |
VT Markets Limited FSCM Mauritius | 1:1000 | 4.5 | 4.5 | $100 | MT5, MT4, VT Markets app, TradingView | Trading CFDs carries a high level of risk and may not be suitable for all investors. Leverage in CFD trading can magnify gains and losses, potentially exceeding your original capital. It’s crucial to fully understand and acknowledge the associated risks before trading CFDs. Consider your financial situation, investment goals, and risk tolerance before making trading decisions. Past performance is not indicative of future results. Refer to our legal documents for a comprehensive understanding of CFD trading risks. | |
XTB International Limited IFSC Belize | 1:500 | 4.5 | 4.3 | $0 | xStation 5 | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. | |
BBG Limited FSA Seychelles | 1:500 | 4.4 | 4.2 | $0 | MT5, MT4, TradingView, cTrader, myFXbook, Zulutrade, BlackBull Trade | BlackBull Markets and its associated entities have access to provide over 26000 tradable instruments to clients across all our Trading Platforms. Black Bull Group Limited (trading name: BlackBull Markets) is a company registered and incorporated in New Zealand (Company Number 5463921, NZBN 9429041417799) located at Level 20, 188 Quay St Auckland 1010. Black Bull Group Limited is a registered Financial Services Provider (FSP403326). | |
FxPro Global Markets Ltd SCB Bahamas | 1:200 | 4.4 | 3.6 | $0 | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% 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 money. (EU, UK) | |
Notesco (BVI) Limited BVI FSC Virgin Islands, British | 1:2000 | 4.4 | 4.0 | $50 | MT4 | Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. | |
OANDA Asia Pacific Pte Ltd. MAS Singapore | 1:20 | 4.4 | 3.9 | $0 | MT5, MT4, OANDA Trade Web Platform | Your capital is at risk. Spreadbetting only available in UK. | |
Tickmill Ltd FSA Seychelles | 1:1000 | 4.4 | 4.0 | $100 | MT5, MT4, Tickmill Trader | Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk. | |
XM (SC) Limited FSA Seychelles | 1:1000 | 4.4 | 3.1 | $5 | MT5, MT4, XM Web Platform, XM Mobile App | Forex and CFD trading involves significant risk to your invested capital. | |
ActivMarkets Ltd FSCM Mauritius | 1:1000 | 4.3 | 3.4 | $0 | MT5, MT4, ActivTrader, TradingView | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85% 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. | |
AT Global Markets Intl Ltd FSCM Mauritius | 1:500 | 4.3 | 3.2 | $50 | MT4, MT5, ATFX Trading App | Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. | |
IUX Markets (MU) LTD FSCM Mauritius | 1:3000 | 4.3 | 4.9 | $30 | MT5, IUX Web Trade, IUX App Trade | This website is not designed to encourage or promote trading activities. Please note that leveraged margin trading and binary options carry significant risks, including the potential for rapid financial losses. | |
Just Global Markets Ltd FSA Seychelles | 1:3000 | 4.3 | 4.4 | $10 | MT5, MT4, JustMarkets App | Your capital is at risk. | |
Royal CM Limited VFSC Vanuatu | 1:1000 | 4.3 | 3.5 | $0 | MT4, MT5 | Your capital is at risk. | |
Plus500SG Pte Ltd MAS Singapore | 1:20 | 4.3 | 3.3 | $100 | Plus500 Web Platform, Plus500 Mobile App | CFD Service, 81% 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 | |
PXBT Trading Ltd FSA Seychelles | 1:2000 | 4.3 | 3.8 | $0 | MT5, PrimeXBT Mobile App, PXTrader 2.0 | Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. | |
Swissquote Pte. Ltd MAS Singapore | - | 4.3 | 2.6 | $1000 | MT5, MT4, CFXD, TradingView | Investing in FX & CFD carries a high degree of risk. Losses can exceed your initial investments | |
Zenfinex Global LLC FSA Seychelles | 1:2000 | 4.3 | 3.4 | $9 | MT5, MT4, Taurex Trading App, Brokeree, Pelican | Trading in financial instruments carries a high level of risk and may not be suitable for all investors. The value of your investments may fluctuate and you may lose all of your invested capital, especially due to leverage. | |
YWO (CM) Ltd MISA Comoros | 1:1000 | 4.3 | 4.4 | $10 | MT5 | Trading our products involves margin trading and carries a high level of risk, including the potential loss of your entire capital. These products may not be suitable for all investors. You should fully understand the risks involved before trading. | |
DB Invest Limited FSA Seychelles | 1:1000 | 4.2 | 2.3 | $50 | MT5, DB Investing App | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
Elev8 Markets Ltd FSCM Mauritius | 1:2000 | 4.2 | 4.1 | $20 | MT5, MT4, Elev8Trader | Elev8's services relate to complex derivative products that are traded over the counter. Trading with leverage involves a high level of risk and may not be suitable for all investors. Investing carries risks, and individuals should carefully consider their investment objectives, level of experience, and risk tolerance before making any investment decisions. | |
Errante Securities (Seychelles) Ltd FSA Seychelles | 1:1000 | 4.2 | 3.6 | $50 | MT5, cTrader, MT4, TradingView, Errante App | FX and CFDs trading involves a high risk of loss | |
eToro (Seychelles) Ltd FSA Seychelles | 1:400 | 4.2 | 3.0 | - | eToro Platform | 61% of retail CFD accounts lose money. | |
FP Trading Ltd FSRA Finland | 1:500 | 4.2 | 4.7 | - | MT4, MT5, cTrader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. There is a possibility to lose all your initial capital. The legal documents should be considered before entering into transactions with us. | |
Central Clearing Ltd MISA Comoros | 1:1000 | 4.2 | 4.4 | $0 | MT4, MT5 | Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. | |
Gleneagle Securities Pty Limited VFSC Vanuatu | 1:2000 | 4.2 | 4.0 | $50 | MT4, MT5, FXT WebTrader, FXTrading App | Any advice included in this website or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should carefully consider the appropriateness of advice in light of his or her financial circumstances and should carefully review the Product Disclosure Statement regarding the relevant financial product as provided by your investment broker. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring derivative products, you have no entitlement, right or obligation to the underlying financial asset. | |
First Interstellar Global Ltd FSA Seychelles | 1:500 | 4.1 | 3.2 | $0 | MT4, MT5, FISG App | Forex and CFD trading involve a significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure. Trading foreign exchange and leveraged financial products has high risks and may cause you to lose your principal. You should not take the risk of loss more than you can afford and please ensure that you fully understand the risks involved. Trading leveraged products is not suitable for all investors. Trading unleveraged products such as shares also involves risk as the value of shares can go down as well as up, meaning you may get back less money than you originally invested. Past performance is no guarantee of future results. Before trading, please consider your level of experience, investment objectives and seek independent financial advice if necessary. It is the customer’s responsibility to ensure that the legal requirements of his/her country of residence allow him/her to use the services provided by the Interstellar Financial Group Limited. | |
Exinity Limited FSCM Mauritius | 1:3000 | 4.1 | 3.1 | $100 | MT5, MT4, FXTM Trader App | Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/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. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of Exinity Capital East Africa Ltd based on the legal requirements in his/her country of residence. | |
TIO Markets Ltd MISA Comoros | 1:1000 | 4.1 | 3.8 | $20 | MT4, MT5 | Trading on margin comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. | |
Alchemy International Ltd FSA Seychelles | 1:500 | 4.0 | 3.2 | $1000 | MT4, MT5, TradingView | All instruments offered by Alchemy Markets are traded as CFDs. We offer only commission-free trading on Forex, Indices, and Metals for Classic, Premier and Demo accounts. For more information on our charges on other account types and products including Crypto CFDs and Stock CFDs, you can visit our product pages and sheets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with us. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
AMarkets LTD MISA Comoros | 1:3000 | 4.0 | 2.4 | $100 | MT5, MT4, AMarkets App | Your capital is at risk | |
Doto Global Ltd FSCM Mauritius | 1:500 | 4.0 | 3.4 | $15 | MT4, MT5, Doto Platform | Trading derivatives is highly speculative, carries an inherent risk of loss and is not suitable for all investors. | |
Trade Set Go Ltd FSA Seychelles | 1:400 | 4.0 | 4.5 | $96 | TSG Trade Web, TSG Trade Mobile App, MT5 | Trading in CFDs, involves a high level of risk. 77.95% of retail investor accounts lose money when trading CFDs with this provider. It is possible to lose all your invested capital. Such financial products may not be suitable or allowed for you, and you should consider such restrictions and whether you understand how CFDs work and all the risks involved. | |
4xCube Ltd FSC CA Cook Islands | 1:500 | 3.9 | 3.6 | $50 | MT5, MT4 | Online trading with margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with 4XC, retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by 4XC, any affiliates of aforementioned firms, or other firms within 4XC of companies [collectively the “4xCube Ltd”], carefully consider your financial situation and experience level. 4xCube Ltd may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. 4xCube Ltd assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on 4xCube Ltd websites prior to taking further action. | |
MAIV Limited FSA Seychelles | 1:2000 | 3.9 | 3.5 | $50 | MT5, Rock-West App | CFDs are Leveraged Financial Instruments, and trading them carries a high level of risk. It is possible to lose all your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Past performance is not a reliable indicator of future performance. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs and/or any other financial instruments. Please read our full Risk Disclosure policy and the Client Agreement. | |
Evalanch Ltd FSA Seychelles | - | 3.9 | 3.9 | $10 | MT5 | “Contract for Differences” (CFDs) are usually leveraged products. Trading Over-The-Counter (OTC) CFDs related to commodities, Forex, Indices and Shares, carries a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be appropriate and/ or suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should be aware of all the risks associated with OTC CFDs trading, and seek advice from an independent and suitably licensed financial advisor. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. General information and/ or recommendations provided by the Company should not be interpreted as investment advice. For more information please visit our General Risk Disclosure Policy. Disclaimer: Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. | |
Versus Trade Ltd FSCM Mauritius | 1:2000 | 3.8 | 4.3 | $10 | MT5 | It is hereby warned that engagement in the trade of CFDs and/or other services are accompanied by considerable risk and the potential loss of funds and under no circumstances shall Versus Trade be held liable for such. Access to this website is made with clear understanding of the risks. No element present on this website shall be interpreted as investment advice or invitation to engage in services. | |
DLS Markets Limited VFSC Vanuatu | - | 3.7 | 4.1 | $100 | MT5, MT4, DLSM GO App | Investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all traders. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlying assets. | |
Anzo Capital Limited (SVG) LLC | 1:1000 | 3.6 | 3.6 | $50 | MT4, MT5 | Investing in leveraged products carries significant risks and is not suitable for all investors. You could lose more than your deposits. | |
Equitex Capital Limited FSA Seychelles | 1:500 | 3.6 | 3.0 | $100 | MT5 | Over-the-counter derivatives are complex instruments and come with a high risk of losing your initial capital rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the- counter derivatives carries significant risks and is not suitable for all investors. | |
TradeSmart Capital Limited | 1:2000 | 3.3 | 4.5 | $50 | MT5 | Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. | |
DuraMarkets Ltd MISA Comoros | 1:500 | 3.2 | 3.9 | $10 | MT5, MT4 | CFDs and margin trading carry a very high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any amount due from your end, in the course of trading. Hence, you should ensure that you’ve fully understood the risks involved and invest the amount that you are willing to lose. |
This guide covers brokers that accept clients from Singapore. For the full ranking across all countries, see our best forex brokers worldwide.
Best Forex Brokers in Other Asian Countries
Each guide ranks the brokers we tested that accept clients in that country, under its own regulation.
Not from Singapore? See the best forex brokers worldwide or all our country guides.
How to Choose a Forex Broker in Singapore?
Use our guide to choose the forex broker in Singapore according to your needs.
How to Find a Safe Broker?
The process of choosing a broker begins with learning where your potential broker is regulated. Singapore-based traders may choose between MAS-regulated brokers and brokers regulated by other top-tier regulators. Some traders would find the domestic regulation more comfortable to work with.
Traders should focus on important protection options like negative balance protection, segregated funds, and compensation funds, which will cover their backs if the broker has financial problems. MAS ensures that the broker’s employees have sufficient qualifications before the broker can open their business in Singapore.
Read more about Best regulated forex brokers.
What Fees Should You Consider?
Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.
The spread is the difference between the bid and the ask price. The higher the spread, the more you pay for the trade. We consider spreads below 1 pip for EUR/USD and 3 pips for GBP/JPY to be low. Read more about Best lowest spread forex brokers.
A commission is a fixed cost of entering the trade. Accounts that charge commissions usually offer low spreads. Commissions below $3 are considered low for forex pairs and gold.
A swap/rollover fee is charged when you hold a leveraged position overnight. Traders should pay extra attention to these fees if they plan to use swing trading strategies, which involve holding positions for several days or even weeks. For forex pairs, a swap rate below 0.5 pips is viewed as a good result. Check our Best forex brokers with low swaps.
An inactivity fee is a fee that is charged by the broker if your account is dormant. In this case, a certain amount of money is charged every month. An inactivity fee below $10 is considered to be low.
Learn more about Best zero spread forex brokers.
Which Account to Choose for Trading in Singapore?
Most brokers offer various account types, with differences in commissions, spreads, and minimum deposits. Here is a list of the most popular account types:
- Demo accounts are used for practice without risking real money. Such accounts should be used by novice traders making their first steps in markets. Read more about Best forex demo accounts.
- Spread-based accounts typically charge spreads and swap/rollover fees. They are usually a good choice for traders whose trading volume is expected to be relatively modest. Check out the Best STP forex brokers.
- Commissions-based accounts charge commissions in addition to spreads and swap/rollover fees. Usually, spreads are tight in such accounts. These accounts are suitable for traders whose trading volume is expected to be high. Check Best ECN forex brokers.
- On Islamic accounts, swap/rollover fees are not charged to ensure compliance with Sharia law. Read more about Best Islamic forex accounts.
- Professional accounts usually have a high minimum deposit and offer access to the high leverage most professional traders seek. Check Best forex brokers for professionals.
How to Choose a Trading Platform?
Most brokers provide access to MetaTrader4 and/or MetaTrader5. These sophisticated platforms have a variety of tools tailored mainly for experienced traders; hence, beginners may have to spend some time learning the ropes.
Read more about Best MetaTrader 4 brokers and Best MetaTrader 5 brokers.
Some brokers have also developed in-house trading platforms. Such platforms are usually focused on the needs of different levels of traders and are easy to navigate and use.
The choice of trading platform depends on personal preferences and trading experience. Beginner traders will be better off starting with a simple platform or a mobile app, while advanced traders will likely choose MT4/MT5.
Check out our dedicated guide on Best forex trading platforms.
How Much Leverage Should You Use?
Leverage allows traders to use borrowed funds to increase their profits. The higher the leverage, the higher your potential profits are. However, leverage is a double-edged sword, and using high leverage also boosts your potential losses.
The maximum potential leverage that the broker can offer is determined by the regulator. MAS-regulated entities may offer a maximum leverage of 1:20. Typically, top-tier regulators limit leverage to 1:30 or less.
To access higher leverage, traders should open accounts with entities regulated by offshore regulators and offer fewer protections. Check out our list of Best offshore forex brokers.
Professional traders can also get access to higher leverage. If you are qualified as an Accredited Investor in Singapore, you can use the leverage of up to 1:50. To get this status, traders must meet one of the following criteria:
- Have a minimum income of SGD 300,000 in the last 12 months
- Have at least SGD 2 million of net personal assets.
- Have at least SGD 1 million of net financial assets.
Read more about Best forex brokers with high leverage.
How to avoid forex scams?
To avoid forex scams, traders should first check the broker’s regulations. If the broker is regulated by a Tier 1 regulator, you are mostly protected. An unregulated broker is the most suspicious one by definition. In addition to regulations, check the following red flags:
- The broker offers a big cash bonus for opening the account.
- The broker heavily promotes automatic trades and/or trading signals from unknown sources.
- A broker promises profits and cites unrealistic success rates.
- You cannot find broker’s employees on specialized websites.
- The broker’s stated address is not suitable for a serious company (too small, strange location).
- The support team does not respond or responds rarely.
- Clients report problems with fund withdrawal on specialized sites that publish broker reviews.
Where to Go Next
More of our best-broker guides, grouped by what you trade, the platform you use, how you trade and where you trade from.
All the Brokers We Tested
Update History
About the Authors
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has edited and fact-checked more than 350 broker reviews and guides. She continually refines FXEmpire’s proprietary broker rating system and keeps a close eye on industry trends, making sure our reviews reflect the latest changes in the market.
- List of Top Forex Brokers & Platforms in Singapore
- How Did FXEmpire Choose the Best Brokers in Singapore?
- Best Overall
- Best for Beginners
- Best Low Spreads
- Best for Cryptocurrency Trading
- Best Forex Trading Platform
- Best Trading App
- Best Forex Brokers in Other Asian Countries
- How to Choose a Forex Broker in Singapore?
- Where to go next
- All the Brokers We Tested
- Update History