2020 Best Forex Brokers In SingaporeTop Singapore Forex Broker 2020 List

The 2020 best MAS regulated forex brokers in Singapore across each forex trading category are:

  • Interactive Brokers – Best MAS Regulated ECN Broker
  • City Index – Lowest Spread Only MetaTrader 4 Account
  • Swissquote – Leading MetaTrader 5 Singapore Broker
  • CMC Markets – Best Forex Market Risk Management Tools
  • Saxo Bank – Best CFD + Cryptocurrency Trading Platform
  • IG – Largest Foreign Exchange Retail Broker
  • OANDA – Strong Customer Support Across Financial Services

Broker Reviewed

Interactive Brokers
Swissquote
CMC Markets
Saxo Capital Markets
Plus500
Our Rating
8.17
7.67
7.17
6.0
5.83
CFD + Stockbroker
77% of retail CFD accounts lose money
Trade with CFDs and on Stock Market
182 spot pairs + 140 forwards
Ideal For Beginners

Regulations and Licenses

Feature
Interactive Brokers
Swissquote
CMC Markets
Saxo Capital Markets
Plus500
MAS (Singapore)

Brokerage

Feature
Interactive Brokers
Swissquote
CMC Markets
Saxo Capital Markets
Plus500
EUR/USD Avg. Raw Spread
0.6
EUR/USD Standard Spread
1.2
(Prime)
1.2
0.6
Commissions (USD Base)
USD $1mil = 0.20% (IBKR)
Commission Rebates
Minimum Deposit
$0
USD $1000 (Standard) / $10,000 (Premium) / $50,000 (Prime)
$0
USD $10000
$0
Has Islamic Account
No Inactivity Fees
Funding Methods
4
3
6
5
3
No Funding Fees

Markets and Instruments

Feature
Interactive Brokers
Swissquote
CMC Markets
Saxo Capital Markets
Plus500
Currency Pairs
115+
138+
339+
180+
60+
Cryptocurrency CFDs
12+
10+
Index CFDs
26+
26+
46+
67+
Share CFDs
1000+
9000+
20,000+
1816+
Commodities CFD
12+
111+
70+
17+
Stockbroking
50,000+
N/A
9000+
Retail Max. Leverage
33:1
30:1 (FCA/FINMA) 50:1 (DFSA) 20:1 (MAS)
30:1 (Europe) / 20:1 (SG) / 500:1 (intl)
30:1 (FCA) 100:1 (ASIC)
20:1 (MAS) 50:1 (Central Bank of UAE)
FCA 30:1 ASIC 300:1 MAS 20:1
Professional Leverage
400:1 (FCA)
500:1
100:1
300:1

Trading Platforms + Tools

Feature
Interactive Brokers
Swissquote
CMC Markets
Saxo Capital Markets
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
Only in ESMA regulated territories
ESMA regulated territories only
Demo Account
Unique Feature 1
125 Markets, 31 Countries, 22 Currencies
Has the lowest spread only account
Offers both CFD and Stock trading
CFD and Asset for trade
Trade cannabis index and share CFDs
Unique Feature 2
Earn interest on idle cash balances automatically
Negative balance protection
Trade Treasury notes
In house analysts
Guaranteed stop loss trading option

Overall

Interactive Brokers
Swissquote
CMC Markets
Saxo Capital Markets
Plus500