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
Smart Trader Tools
No Dealing Desk
125 Markets, 31 Countries, 22 Currencies
MetaTrader 4 specialist
Guaranteed stop loss orders

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
0.77
0.62
-
1.2
1.13
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.50
$3.50
0.08%-0.2%
$3.50
$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
*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
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

Overall

Pepperstone
IC Markets
Interactive Brokers
AxiTrader
IG
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 > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 8.17 NFA, CFTC
ASIC, FCA
- - - 110ms $0 100+ - 30:1 500:1
Visit Broker > 4.83 DFSA, FCA
ASIC
- - - 130ms $0 72+ 11+ 30:1 400:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1