Best ECN Brokers 2022 For Singapore Traders

  • Pepperstone Pepperstone – Fastest execution speeds and lowest commissions
  • IC Markets IC Markets – Low minimum deposit and spreads
  • interactive brokers logo Interactive Brokers – Lowest ECN spreads for the highest volume traders
  • axitrader logo Axi – Low spread broker specialising in MetaTrader 4
  • IG IG Markets – Largest forex broker offering a direct market access account
  • fxtm logo FXTM – Specialist ECN broker account but is not Singapore regulated
  • fxpro logo FxPro – No dealing desk account but higher spreads than competitors
  • Saxo Markets Saxo Bank – Singapore regulated ECN broker but high minimum deposit

Pepperstone
IC Markets
Interactive Brokers
AxiTrader
IG
Our Rating
9.33
8.50
8.17
4.83
6.67
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
63.70% of retail investor accounts lose money when trading CFDs
73.9% of retail investor accounts lose money when trading CFDs with this provider
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
IG
MAS (Singapore)
FSA (Seychelles)
SCB (Bahamas)
Other Regulators

Brokerage

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
IG
EUR/USD Avg. Raw Spread
0.17
0.02
-
-
0.17
GBP/USD Avg. Raw Spread
0.59
0.23
-
-
0.59
AUD/USD Avg. Raw Spread
0.24
0.17
-
-
0.3
EUR/USD Standard Spread
0.75
0.62
-
1.2
0.86
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.50
$3.50
0.08%-0.2%
$3.50
-
Minimum Deposit
$0
$0
$0
$0
$450
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
4+
12+
4+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
IG
Currency Pairs
62+
61+
100+
72+
100+
Cryptocurrency CFDs*
12+
18+
-
11+
12+
Index CFDs
14+
16+
26+
31+
34+
Share CFDs
300+
100+
1000+
-
12000+
Commodities CFD
9+
26+
4+
16+
35+
Stockbroking
-
50,000+
-
Retail Max. Leverage (Singapore)
-
-
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 20:1
Minor Pairs 20:1
Pro. Max. Leverage (Singapore)
-
-
-
-
50:1
Retail Max. Leverage (With offshore regulators)
200:1
500:1
-
500:1
200:1

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

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Interactive Brokers
AxiTrader
IG
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
ECN pricing
125 Markets, 31 Countries, 22 Currencies
MetaTrader 4 specialist
Guaranteed stop loss orders

Overall

Pepperstone
IC Markets
Interactive Brokers
AxiTrader
IG