Singapore forex brokers top 8

Top Singapore Forex Brokers By Traders Needs

Singapore forex traders can select between a locally regulated Monetary Authority Of Singapore Forex Broker (MAS) or an international forex broker that accepts traders from Southeast Asia. Whether you want to access ECN-like spreads via Pepperstone’s Razor account or start trading CFDs for the first time with Oanda, the list below will find you a forex broker to suit your trading needs in 2020.

  • Forex Broker with the Lowest Fees – Pepperstone
  • Forex Broker Offering the Highest Leverage – IC Markets
  • Best Forex Broker for Experienced Traders – Saxo Capital Markets
  • Best Forex Broker for Beginners- OANDA
  • Best Cryptocurrency Broker in Singapore – City Index
  • No Commission Forex Broker in Singapore – Plus500
  • Best Product Range in Singapore – CMC Markets
  • Best Broker for Copy Trading – AxiTrader

The 2020 Singapore Forex Broker List

The top 8 forex brokers in Singapore shown below are regulated by either the Monetary Authority of Singapore (MAS), or an overseas regulatory body such as ASIC (Australia), CySEC (Cyprus), or the FCA (United Kingdom). More details about conditions of MAS regulated brokers can be viewed at the bottom of this page.

Review Of Pepperstone
REGULATED BY
  • asic
  • fca

Pepperstone

Pepperstone is an ASIC and FCA regulated broker that Singaporean clients can use to trade over 70 foreign currencies. Using MetaTrader 4, MT5, and cTrader, investors can choose the price structure that suits them. The Razor account offers spreads as low as 0.0 pips, with USD $7 round turn commission, while the commission-free account offers spreads from 1 pip. As well as competitive spreads, Pepperstone offers award-winning customer service, leverage up to 500:1, and an Active Trader Rebates programme.

MIN. AMOUNT
USD $200
MIN. SPREADS
0.0 pips (Razor)
MAX. LEVERAGE
500:1
OUR BROKER RATING
9.17
  • Account Types
    Standard, Razor (MT4/MT5), Razor (cTrader),
  • Commission (per 100k side trip)
    USD$3.50
  • Trade Sizes
    Mini-lots, Micro-lots, Standard-lots
  • Trading Instruments
    Commodities, Gold, Silver, Metals, Oil, Equity Indices, Cryptocurrency, Shares CFD, Currency Index
  • Trading Platforms
    MetaTrader 4, MetaTrader 5, cTrader
  • Deposit Methods
    Visa, MasterCard, Bank Transfer, Neteller, Skrill, UnionPay
  • Funding Costs
    $0 (except bank wire $20 min withdrawal USD$80)
  • Regulation
    ASIC, FCA
  • Customer Support
    24/5- Live chat, Phone, eMail
  • Education
    Available
  • Risk Management
    Standard risk features
  • Bonus Offers
    Refer a Friend, Active Trader Rebates
  • Trustpilot Reviews
    4.6 - ‎512 reviews
details

IC Markets

IC Markets is an Australian forex broker licensed and regulated by ASIC. Singapore clients can choose their commission structure, either $6 (cTrader) or $7 (MT4, MT5) round trip commission with a raw spread account, or a no commission standard account with spreads from 1.0 pips. Investors can open an account in SGD and trade forex, stocks, cryptocurrency, bonds, commodities and indices using cTrader and MetaTrader 4 and 5.

MIN. AMOUNT
USD$200
MIN. SPREADS
0.0 pips
MAX. LEVERAGE
500:1
OUR BROKER RATING
4.5
  • Account Types
    Standard Account, Raw Spreads (MetaTrader 4), Raw Spreads cTrader, Islamic Account
  • Commission (per 100k side trip)
    USD$3.50
  • Trade Sizes
    Mini-lots, Micro-lots, Standard-lots
  • Trading Instruments
    Commodities, Gold, Silver, Metals, Oil, Equity Indices, Cryptocurrency, Shares CFD, Bonds, Futures
  • Trading Platforms
    MetaTrader 4, MetaTrader 5, cTrader
  • Deposit Methods
    Visa, MasterCard, PayPal, Neteller/VIP, Skrill, UnionPay, Wire Transfer, BPAY, FasaPay, Broker to Broker, POLi, Thai Internet Banking, RapidPay, Klarna, Bitcoin Wallet, Vietnamese Internet Banking
  • Funding Costs
    $0
  • Regulation
    ASIC
  • Customer Support
    24/5 - Live chat, Phone, Email
  • Education
    Available
  • Risk Management
    Standard risk features
  • Bonus Offers
    Introducing broker program
  • Trust Pilot
    4.5 / 5
details

Saxo Markets

Saxo Capital Markets is a MAS regulated broker in Singapore. An excellent option for experienced and active traders, Saxo Capital Markets offers three different account types, a large range of financial instruments and relatively low commission. Research and trades can be executed on the award-winning SaxoTraderGo or SaxoTraderPro platforms.

MIN. AMOUNT
SGD $3,000
MIN. SPREADS
0.3 pips
MAX. LEVERAGE
30:1
OUR BROKER RATING
5.7
  • Account Types
    Classic, Premium, Platinum, VIP
  • Commission (per 100k side trip)
    0.08%
  • Trade Sizes
    Mini-lots, Standard-lots
  • Trading Instruments
    Forex, CFDs, Stocks, Commodities, Futures, Forex Options, Listed Options, ETFs, Bonds, Mutual Funds
  • Trading Platforms
    SaxoTraderGO, SaxoTraderPRO
  • Deposit Methods
    Credit/Debit Card, Bank Transfer, Securities Transfer, Wire Transfer, HSBC Singapore Bank Transfer, MEPS (SGD), PayNow (SGD), FAST (SGD)
  • Funding Costs
  • Regulation
    MAS, FCA, FSC, ASIC, ACPR, DFSA
  • Customer Support
    24/5 - Phone, Email
  • Education
    Available
  • Risk Management
    Segregated Account
  • Bonus Offers
    Refer a Friend
  • Trust Pilot
    3.9 / 5
details

Oanda

Say goodbye to lengthy applications with online lender Moula. With a speedy 10 minute application process and potential funding within 24 hours, Moula can help you meet your businesses inventory or cash flow needs without the fuss.

MIN. AMOUNT
$0
MIN. SPREADS
0.3 pips
MAX. LEVERAGE
20:1 (Retail) 50:1 (Professional)
OUR BROKER RATING
  • Account Types
    Standard (Spread-only or Core), Premium Account
  • Commission
    Core pricing spreads start at 0.2, with $50 commission per 1 million
  • Trade Sizes
    Mini-lots, Micro-lots, Standard-lots
  • Trading Instruments
    Equity Indices, Metals, Cryptocurrency, Bonds
  • Trading Platforms
    Oanda Trader, MetaTrader 4
  • Deposit Methods
    Credit/Debit Card, EFT, Bank Wire, PayPal, PayNow, DBS Bill Pay, Cheque (SGD)
  • Funding Costs
    None
  • Regulation
    MAS, ASIC, IIROC, FCA, CFTC
  • Customer Support
    24/6 - Live Chat, Email, Phone
  • Education
    Available
  • Risk Management
    Standard
  • Bonus Offers
    None
  • Trust Pilot
    3 / 5
details

About City Index
REGULATED BY
  • asic
  • mas
  • fca

City Index

City Index is a MAS regulated CFD provider that also has ASIC and FCA (UK) regulation. With over 4,500+ markets available to be traded across Forex, Bitcoin, Indices and shares the broker offers the choice of their own trading platform or MT4 and some advanced features such as guaranteed stops to help manage risk.

MIN. AMOUNT
SGD $500
MIN. SPREADS
0.5 pips
MAX. LEVERAGE
50:1
OUR BROKER RATING
7.17
  • Account Types
    Standard, VIP
  • Commission (per 100k side trip)
    Shares CFDs only
  • Trade Sizes
    Mini-lots, Micro-lots, Standard-lots
  • Trading Instruments
    Forex, Cryptocurrencies, Shares, Indices, Commodities, Metals
  • Trading Platforms
    AT Pro, MetaTrader 4, Web Trader, iOS and Android Apps
  • Deposit Methods
    Visa, MasterCard, PayNow, Bank Transfer, Cheque, Wire Transfer
  • Funding Costs
    No
  • Regulation
    MAS, FCA, ASIC
  • Customer Support
    24/5 - Live chat, Phone, Email
  • Education
    Available
  • Risk Management
    Segregated Accounts
  • Bonus Offers
    Monthly rebates (professional trader account)
  • Trust Pilot
    2 / 5
details

Plus500

Plus500 Singapore offers a commission-free pricing structure where fees are built into the spread and can be as low as 0.6 pips. Specialising in CFDs, Plus500 delivers trading on forex, crypto, ETFs, commodities, shares, options and indices. Plus500 is a London Stock Exchange-listed company, part of the of FTSE 250 Index, and internationally regulated by ASIC, FCA, CySEC, FSCA, and FMA.

MIN. AMOUNT
$100
MIN. SPREADS
0.6 pips
MAX. LEVERAGE
300:1
OUR BROKER RATING
4.5
  • Account Types
    Retail, Professional
  • Commission
    None
  • Trade Sizes
    Mini-lots, Micro-lots, Standard-lots
  • Trading Instruments
    Indices, Share CFD, Commodities, Cryptocurrencies, Options, ETF
  • Trading Platforms
    Plus500 Web Trading Platform, iOS and Android app
  • Deposit Methods
    Visa or Master Card, PayPal, Skrill, Bank Transfer
  • Funding Costs
    No Fees (Min deposits - Visa/MasterCard and Electronic Wallet $100), Bank Transfer ($500)
  • Regulation
    MAS, FCA, ASIC, CySEC, FMA, FSCA
  • Customer Support
    24/7 - Live Chat, Email
  • Education
    None
  • Risk Management
    Advanced Tools
  • Bonus Offers
    First Deposit Bonus, Trader Points, Rebates Programme
  • Trust Pilot
    4 / 5
details

CMC Markets

CMC Markets is a MAS regulated broker that gives investors' access to thousands of products. With over 300 forex pairs, 50 bonds, 12 cryptocurrencies and 9400 shares, CMC Markets have one of the most diverse product ranges. Commissions start at 0.1%, with various bonus offers such as cash rebates for high volume traders.

MIN. AMOUNT
$0
MIN. SPREADS
0.7
MAX. LEVERAGE
30:1
OUR BROKER RATING
6.83
  • Account Types
    Standard, Pro
  • Commission
    0.1%
  • Trade Sizes
    Mini-lots, Micro-lots, Standard-lots
  • Trading Instruments
    Forex, CFDs - Bonds, EFTs, Indices, Commodities, Shares, Treasuries
  • Trading Platforms
    MetaTrader 4, Next Generation
  • Deposit Methods
    Visa, MasterCard, Bank Transfer, Wire Transfer, PayNow, Cheque, NETS,
  • Funding Costs
    $0
  • Regulation
    MAS, ASIC, FCA, FMA, IIROC
  • Customer Support
    24/5- Live Chat, Phone, Email
  • Education
    Available
  • Risk Management
    Segregated Accounts
  • Bonus Offers
    Rebates
  • Trustpilot Reviews
    4.6 - ‎512 reviews
details

AxiTrader

AxiTrader is a forex broker available on MetaTrader 4. Offering a Basic account with commission built into the spread, or a Pro account where spreads are as low as 0.0 with $7 round trip commission, AxiTrader gives investors' access to copy and social trading on Forex, CFDs and Cryptocurrency.

MIN. AMOUNT
$0
MIN. SPREADS
0.0
MAX. LEVERAGE
400:1
OUR BROKER RATING
7.33
  • Account Types
    Standard, Razor (MT4/MT5), Razor (cTrader),
  • Commission
    Basic $0 (Inc. in Spread), Pro AUD $7 (Round Trip)
  • Trade Sizes
    Mini-lots, Micro-lots, Standard-lots
  • Trading Instruments
    Forex, CFDs, Crypto
  • Trading Platforms
    MetaTrader 4
  • Deposit Methods
    Visa, MasterCard, Bank Transfer, Wire Transfer, Skrill, Neteller
  • Funding Costs
    $0
  • Regulation
    ASIC, FCA, FMA, DFSA
  • Customer Support
    24/5 Live Chat, Phone, Email
  • Education
    Available
  • Risk Management
    Standard risk features
  • Bonus Offers
    None
  • Trustpilot Reviews
    3.6
details