Best Singapore Forex Brokers

Our list of the September 2022 forex trading platforms in Singapore are:

  • Pepperstone Pepperstone - Best Forex Broker In Singapore With The Lowest Spreads
  • interactive brokers logo Interactive Brokers - Best MAS Regulated ECN Broker
  • city index logo City Index - Top Non-Commission MetaTrader 4 Account
  • IG IG - The 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
Smart Trader Tools
125 Markets, 31 Countries, 22 Currencies
Offers both CFD and Stock trading
CFD and Underlying assets for trade
Trade cannabis index

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
0.77
-
0.73
1.20
0.80
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
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

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

Overall

Pepperstone
Interactive Brokers
CMC Markets
Saxo Capital Markets
Plus500
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.17 NFA, CFTC
ASIC, FCA
- - - 110ms $0 100+ - 30:1 500:1
Visit Broker > 7.17 ASIC, MAS
FCA, IIROC
- - - 140 $0 338+ 19+ 30:1 500:1
Visit Broker > 6.0 DFSA, FINMA
CySEC, SCA
- - - 135ms $2000 209+ 9+ 50:1 50:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1