Top 8 Singapore Forex Brokers In 2022

The 2022 best forex brokers in Singapore across each forex trading category are:

  • Pepperstone Pepperstone - Lowest Spread Forex Broker
  • interactive brokers logo Interactive Brokers - Best MAS Regulated ECN Broker
  • City Index City Index - Top Non-Commission MetaTrader 4 Account
  • IG IG - Largest Foreign Exchange Retail Broker
  • oanda logo OANDA - Strong Customer Support Across Financial Services
  • CMC Markets CMC Markets - Best Forex Market Risk Management Tools
  • Saxo Markets Saxo Bank - Best CFD + Cryptocurrency Trading Platform

Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
Our Rating
9.33
8.17
7.17
6.0
5.83
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
63.70% of retail investor accounts lose money when trading CFDs
73% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider
69% of retail investor accounts lose money when trading CFDs with this provider
77% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
ASIC (Australia)
MAS (Singapore)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
EUR/USD Avg. Raw Spread
0.17
-
-
-
-
GBP/USD Avg. Raw Spread
0.59
-
-
-
-
AUD/USD Avg. Raw Spread
0.24
-
-
-
-
EUR/USD Standard Spread
0.75
-
-
1.10
-
EUR/USD Fixed Spreads
-
-
-
-
-
Commissions (USD Base)
$3.50
0.08%-0.2%
-
-
-
Minimum Deposit
$0
$0
$0
$2000
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
4+
6+
5+
3+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
Currency Pairs
62+
100+
338+
209+
71+
Cryptocurrency CFDs*
12+
-
19+
9+
15+
Index CFDs
14+
26+
46+
-
67+
Share CFDs
300+
1000+
9,000+
30,000+
1816+
Commodities CFD
9+
4+
124+
19+
22+
Stockbroking
-
50,000+
9,000+
-
-
Retail Max. Leverage (Singapore)
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 20:1
Minor Pairs 10:1
Major Pairs 20:1
Minor Pairs 16:1
Major Pairs 20:1
Pro. Max. Leverage (Singapore)
-
-
500:1
-
-
Retail Max. Leverage (With offshore regulators)
200:1
-
Major Pairs 30:1
Minor Pairs 20:1
50:1
300:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
125 Markets, 31 Countries, 22 Currencies
Offers both CFD and Stock trading
CFD and Underlying assets for trade
Trade cannabis index

Overall

Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500