Looking for a trusted Forex Brokers Singapore? Not sure which Singapore broker is best for you? Or need to verify if your broker is truly regulated and a trusted broker?
We provide answers to all the questions in this article. We compare top 20 Forex in the World and Singapore brokers, we research the regulation status, spread & commission, time for deposit & withdrawal and many more findings.
MAS Regulated Forex Brokers in Singapore
Singapore being a financial center oblige every investment services and Forex trading firm obtain a license granted by MAS (Monetary Authority of Singapore) before it set operations and accept clients from Singapore.
Singapore is the largest Asia region market for trading volume and third largest FX market globally, its regulation MAS is one of the strictest towards regulated brokers and provide good protection for clients. Check more about MAS on Wikipedia.
To verify license and see the record of the broker see MAS official website: www.mas.gov.sg, also follow Twitter @MAS_sg for most prompt updates.
Best Forex brokers Singapore
To select the best Singapore Forex Brokers we research MAS regulated Forex Brokers in Singapore and those regulated international brokers that accept Singapore traders. We made a detailed review of spread, trading platform, deposits and withdrawals, education and customer service. Here is our List of Top Forex Brokers Review and Best Forex Brokers in the category:
- IG – Most Trusted Broker in Singapore
- Plus500 – Best CFD Broker Singapore
- Saxo Bank – Low Spread Broker in Singapore
- OANDA – Best Forex Education in Singapore
- InterativeBrokers – Best for professional traders in Singapore
What makes a good forex brokers in Singapore?
There are 4 points that make Singapore Forex Broker good – regulation and license with good standing, trading conditions, education and research materials, and customer service.
- Licensed MAS regulated Forex brokers or other world-respected regulated brokers (most well-regulated and trusted brokers are not based in Singapore but accept Singapore traders)
- Propose good trading conditions with low spread, numerous trading instruments in portfolio and platforms
- Provide quality education with Webinars, trading videos and tools
- Easy to contact Customer Support in international languages
Top Forex brokers in Singapore List & Review
We select best in its category regulated brokers Forex that are multi-regulated and considered safe for Singapore and are Best brokers for Forex trading with competitive trading conditions:
| Forex Broker | Regulated in Singapore | Why they are our top picks | Our Review |
| IG | Yes | IG is one of most trusted brokers because it is regulated almost by every reputable world authority, and is publically traded. Plus trading tools, platforms, education and costs are very competitive. | Visit IG site IG Review |
| Plus500 | Yes | Plus500 might be the best for CFDs trading and easy to use Web platform. It has one of the biggest ranges of instruments also Cryptocurrencies traded like CFDs and customer-friendly trading software. | Visit Plus500 site Plus500 review |
| Saxo Bank | Yes | Saxo Bank is good if you look for low spread broker. Saxo EUR USD spread is averaging on 0.8 pips, while majority of brokers average on 1.2 which is 35% lower. Also, Saxo is trusted European Online Bank with competitive trading conditions. | Visit Saxo Bank site Saxo Bank Review |
| OANDA | Yes | OANDA might be the best for beginners, it has a great desktop easy to navigate trading platform, wide range of instruments and professional education with research like TradingView Charts, Dow Jones select News, etc. | Visit OANDA site OANDA review |
| InteractiveBrokers | Yes | InteractiveBrokers should be the best for advanced and active traders. InteractiveBrokers Forex rates proposal is excellent, there is almost no brokers in industry compared to IB. There are numerous trading possibilities with great and powerful trading platform, range of instruments and analysis, plus low spreads. | Visit InteractiveBrokers site Interactive Brokers Review |
| Pepperstone | No | Pepperstone might be the best for trading execution. Pepperstone uses ECN connection and offers various platforms plus range of tools like Smart Trader, AutoChartist and VPS. | Visit Pepperstone site Pepperstone review |
| City Index | No | City Index should be the best if you look for wide instrument selection. City Index offers over 12,000 instruments, while majority only below 1000. Also, City Index is one of the best UK Forex Brokers and is publically traded company with good transparency. | Visit City Index site City Index Review |
More on Singapore Brokers
If you don’t know from where to start and here we answer many common questions, also navigate categories and select broker that offer your trading need.
Forex MT4 Brokers in Singapore
MT4 platform remaining the most used software and is executing highest number of trades worldwide, there are many Forex Brokers comparison with MT4 platform in Singapore. See Broker like AvaTrade.
Forex Options Brokers in Singapore
Trading Option or Binary Options are offered mainly by offshore brokers, not by regulated brokers and are not advised for trading due to highest risks involved and lack of transparency.
True ECN Forex Brokers Singapore
Best ECN Forex Brokers in Singapore offering ECN account with costs built into commission charge and interbank spread while your trades are executed using ECN bridges, check FP Markets broker for ECN accounts.
Low Spread Forex Brokers Singapore
Low Spreads are offered by brokers like Saxo Bank, IG and OANDA in Singapore with average spread for EURUSD around 0.7-0.8 pips, which is considered low, since majority of brokers and industry offering go around 1.2 for EURUSD.
High Leverage Forex Brokers Singapore
Leverage ratios in Singapore are restricted by the regulation to a certain level, if you wish to trade with higher ratios like 1:500 choose only regulated broker like BlackBull Markets to trade, however these levels are now mainly offered by offshore brokers only, considered not safe.
Author of this review
By Jimmy O'Brien
Author of this review
Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.
Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.