Best-Forex-Brokers-in-Singapore-snippet-image

Top 8 Singapore Forex Brokers In 2020

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

  • Pepperstone – Lowest Spread Forex Broker
  • Interactive Brokers – Best MAS Regulated ECN Broker
  • City Index – Top Non-Commission MetaTrader 4 Account
  • IG – Largest Foreign Exchange Retail Broker
  • OANDA – Strong Customer Support Across Financial Services
  • Swissquote – Leading MetaTrader 5 Singapore Broker
  • CMC Markets – Best Forex Market Risk Management Tools
  • Saxo Bank – Best CFD + Cryptocurrency Trading Platform
Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
Our Rating
9.17
8.17
7.17
6.0
5.83
78.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider
66% of retail investor accounts lose money when trading CFDs
78% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider
182 spot pairs + 140 forwards
80.5% of retail CFD accounts lose money

Regulations and Licenses

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

Brokerage

Feature
Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
EUR/USD Avg. Raw Spread
0.13
EUR/USD Standard Spread
1.13
1.2
1.1
0.8
Commissions (USD Base)
AUD/USD$3.50
USD $1mil = 0.20% (IBKR)
USD $2mil = 0.20% (IBKR)
USD $5mil = 0.10% (IBKR)
Over USD $5mil = 0.08% (IBKR)
Commission Rebates
Minimum Deposit
AUD/USD $200
$0
$0
USD $10000
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
66+
115+
339+
180+
60+
Cryptocurrency CFDs
4+
12+
10+
Index CFDs
2+
26+
46+
67+
Share CFDs
63+
1000+
9000+
20,000+
1816+
Commodities CFD
4+
111+
70+
17+
Stockbroking
50,000+
9000+
Retail Max. Leverage
30:1 (FCA)
500:1 (ASIC)
50:1 (DFSA)
33:1
30:1 (Europe)
20:1 (Singapore)
500:1 (Australia / International)
30:1 (FCA)
100:1 (ASIC)
20:1 (MAS)
50:1 (Central Bank of UAE)
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
Professional Leverage
500:1
500:1
100:1
300:1

Trading Platforms + Tools

Feature
Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
ASIC Only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection

only with FCA regulation
ESMA regulated territories only
Only in ESMA regulated territories
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
125 Markets, 31 Countries, 22 Currencies
Offers both CFD and Stock trading
CFD and Underlying assets for trade
Trade cannabis index
Unique Feature 2
Fast Execution Speed
Earn interest on idle cash balances automatically
Trade Treasury notes
In house analysts
Guaranteed stop-loss

Overall

Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500