Forex demo accounts in Singapore compared: length and virtual funds
| # | Broker | Score /100 | Demo terms | EUR/USD spread and basis | Platforms | Visit broker | More details |
|---|---|---|---|---|---|---|---|
| 1 |  OANDA#1 Highest score, global- Demo, then S$0 to open live | 88.3Global score | Demo offered | 0.8 pips, advertised minimum, Spread only account | OANDA web TradingView MetaTrader 4 MetaTrader 5+1 more platform, listed in this broker's detailsOANDA web, OANDA mobile, TradingView, MetaTrader 4, MetaTrader 5 | Official site of OANDA | |
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| 2 |  MultiBank Group- Demo, then US$50 Standard minimum | 80.3Global score | Demo offered | 1.5 pips, advertised average, Standard account | MetaTrader 4 (desktop, web trader, mobile)MetaTrader 5 | Official site of MultiBank Group | |
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| 3 |  IG- $200,000 in virtual funds | 68.2Global score | $200,000 in virtual funds | 0.6 pips, advertised minimum, IG CFD account | MetaTrader 4ProRealTimeL2 DealerTradingView+2 more platforms, listed in this broker's detailsMetaTrader 4, ProRealTime, L2 Dealer, Web trading, Mobile trading app, TradingView | Visit IG | |
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| 4 |  FOREX.com- 12-week demo with $20,000 | 67.6Global score | 12 weeks, $20,000 in virtual funds | 0.5 pips, advertised minimum, account not named (FOREX.com platform; the page says MT4 pricing may differ) | TradingViewMetaTrader 4mobile appWeb Trading | Official site of FOREX.com | |
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| 5 |  CMC Markets- Demo, plus Next Generation and MT4 | 64.6Global score | Demo offered | 0.5 pips, advertised minimum, CFD (Next Generation) account | Next GenerationMetaTrader 4TradingView | Official site of CMC Markets | |
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| 6 |  Interactive Brokers- Paper Trading account | 62.3Global score | Paper Trading | EUR/USD not named; spreads from 0.1 pips, advertised minimum | Client PortalIBKR DesktopIBKR MobileTrader Workstation+1 more platform, listed in this broker's detailsClient Portal, IBKR Desktop, IBKR Mobile, Trader Workstation, IBKR GlobalTrader | Official site of Interactive Brokers | |
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| 7 |  Saxo- 20-day demo with USD 100,000 | 60.1Global score | 20 days, USD 100,000 in virtual funds | 0.8 pips, advertised minimum, Classic account | SaxoTraderSaxoInvestorTradingView (access) | Visit Saxo | |
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| 8 |  Plus500- Demo with unlimited virtual funds | 58.8Global score | unlimited in virtual funds | Not published on the Singapore site | Plus500 platform (web)Plus500 app (Apple App Store, Google Play) | Visit Plus500 | |
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| 9 |  eToro- $100K in virtual funds | 54.9Global score | $100K in virtual funds | Not read: its Singapore spread page did not load | eToro platform (web, app)TradingView charts | Visit eToro | |
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| 10 |  Phillip Nova- 30-day NOVA demo | 48.3Desk score, 6 of 8 | 30 days (NOVA) | 0.6 pips, advertised minimum, Phillip MT5 account | Phillip MT5NOVATradingView | Official site of Phillip Nova | |
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| 11 |  Phillip Securities- Demo, then S$0 for a CFD account | 44.3Desk score, 5 of 8 | Demo offered | 0.3 pips, advertised minimum, FX CFD account | POEMS 2.0POEMS Mobile 3.0POEMS ProPOEMS CFD MT5 | Official site of Phillip Securities | |
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| 12 |  KGI Securities- Demo, then US$10,000 to open live | 41.7Desk score, 6 of 8 | Demo offered | EUR/USD not named; major pairs from 1 pip, advertised minimum | KGI MetaTrader 4KGI MaxxTrader | Official site of KGI Securities | |
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| 13 |  OCBC Securities- 1-month demo | 39.6Desk score, 6 of 8 | 1 month | Not published on the Singapore site | iOCBCfxFIX API | Official site of OCBC Securities | |
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| 14 |  Maybank Securities- Demo, then S$0 for a live account | 38.1Desk score, 7 of 8 | Demo offered | 1.3 or 1.0 pips, advertised typical (two of its pages differ), Maybank Forex account | Currenex (Maybank Forex) | Official site of Maybank Securities | |
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Advertised minimum, typical, or average, untested; desk scores, scored from published information, not tested. "Not published" means an empty search, "Not read" a failed load. "+" holds the MAS entity, permissions, score basis, review link; firms' Singapore pages, MAS Financial Institutions Directory, read 24 September 2026; MultiBank Group's EUR/USD spread, Pro commission, IG's forex CFD commission, read 5 October 2026.
Best forex demo accounts in Singapore, ranked
Ordered by score, highest first, global and desk scores together, as on our list of eighteen, where nine scores come from our global testing and nine were scored from each firm's published Singapore information through the same eight categories, without order-speed tests; on this page, nine carry a global score and five a desk score. The phrase beside each name comes from that firm's Singapore record; its place in the list comes from its score.
- OANDA - Demo, then S$0 to open live
- MultiBank Group - Demo, then US$50 Standard minimum
- IG - $200,000 in virtual funds
- FOREX.com - 12-week demo with $20,000
- CMC Markets - Demo, plus Next Generation and MT4
- Interactive Brokers - Paper Trading account
- Saxo - 20-day demo with USD 100,000
- Plus500 - Demo with unlimited virtual funds
- eToro - $100K in virtual funds
- Phillip Nova - 30-day NOVA demo
- Phillip Securities (POEMS) - Demo, then S$0 for a CFD account
- KGI Securities - Demo, then US$10,000 to open live
- OCBC Securities (iOCBC) - 1-month demo
- Maybank Securities (Maybank Trade) - Demo, then S$0 for a live account
Which broker has the best forex demo account in Singapore?
1. OANDA: demo, then S$0 to open live
EUR/USD spread and basis
0.8 pips, advertised minimum, Spread only account
Platforms
OANDA web, OANDA mobile, TradingView, MetaTrader 4, MetaTrader 5
MAS entity and permission
OANDA Asia Pacific Pte. Ltd.: OTC derivatives register
- Cheapest round turn, 1.0 lot
- at least US$8.00, advertised minimum, Spread only account
- Minimum deposit
- S$0, no minimum to open
Why We Recommend OANDA
OANDA's Singapore account-support page lists a demo account beside account creation. Rehearse on OANDA web, OANDA mobile, TradingView, MetaTrader 4, and MetaTrader 5, then carry the platform you know into a live account, which opens with S$0. Its MAS entity, OANDA Asia Pacific Pte. Ltd., holds OTC derivatives permissions. I recommend OANDA if you want to practise and trade on one platform.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- oanda.com (EUR/USD spread, round turn)
- oanda.com (minimum deposit)
- oanda.com (platforms)
- oanda.com (demo terms)
2. MultiBank Group: demo, then US$50 Standard minimum
The score is MultiBank Group's global score; the Singapore entity is MEX Global Markets Pte. Ltd.
EUR/USD spread and basis
1.5 pips, advertised average, Standard account
Platforms
MetaTrader 4 (desktop, web trader, mobile), MetaTrader 5
MAS entity and permission
MEX Global Markets Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- US$8.00, advertised average, Pro account
- Minimum deposit
- US$50, minimum initial deposit, Standard; US$10,000, minimum initial deposit, ECN (compare page); US$5,000, minimum initial deposit, ECN (live-account page)
Why We Recommend MultiBank Group
MultiBank Group's Singapore site invites you to open a free demo account, and you can practise on MetaTrader 4 as a desktop, web trader, or mobile build, or MetaTrader 5. Whichever you choose, the live Standard account asks for a US$50 minimum initial deposit when you cross over. If you already trade on MetaTrader, this is where I would send you.
Broker's Detail
- eservices.mas.gov.sg (MAS entity and permissions), read 24 September 2026
- cdn.multibankfx.com (EUR/USD spread, round turn), read 5 October 2026
- mexglobalmarkets.com (round turn, minimum deposit), read 5 October 2026
- mexglobalmarkets.com (platforms), read 24 September 2026
- mexglobalmarkets.com (demo terms), read 24 September 2026
3. IG: $200,000 in virtual funds
EUR/USD spread and basis
0.6 pips, advertised minimum, IG CFD account
Platforms
MetaTrader 4, ProRealTime, L2 Dealer, Web trading, Mobile trading app, TradingView
MAS entity and permission
IG Asia Pte Ltd: OTC derivatives register
- Cheapest round turn, 1.0 lot
- at least US$6.00, advertised minimum, IG CFD account
- Minimum deposit
- No account-opening minimum specified; S$50, minimum per card deposit transaction
Why We Recommend IG
Practising on IG starts with 200,000 in virtual funds (currency not named), and you can spread that practice across MetaTrader 4, ProRealTime, L2 Dealer, web trading, the mobile trading app, and TradingView. Try each with the same virtual balance before you choose where to trade. Pick IG if you want one demo that covers the platforms you might trade from.
Broker's Detail
- eservices.mas.gov.sg (MAS entity and permissions), read 24 September 2026
- ig.com (EUR/USD spread, round turn), read 24 September 2026
- ig.com (round turn), read 5 October 2026
- ig.com (minimum deposit), read 24 September 2026
- ig.com (platforms), read 24 September 2026
- ig.com (demo terms), read 24 September 2026
4. FOREX.com: 12-week demo with $20,000
EUR/USD spread and basis
0.5 pips, advertised minimum, account not named (FOREX.com platform; the page says MT4 pricing may differ)
Platforms
TradingView, MetaTrader 4, mobile app, Web Trading
MAS entity and permission
StoneX Financial Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- $150, minimum deposit; $250 minimum per card transaction; the page prints "$" without naming the currency
Why We Recommend FOREX.com
FOREX.com gives you 12 weeks of unlimited access, the longest stated demo on this page, and you can spend it on TradingView, MetaTrader 4, the mobile app, or Web Trading. The demo period gives you time to practise on the platform you will trade on. I recommend FOREX.com if you want a long rehearsal window before you make any live deposit.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- forex.com (EUR/USD spread, platforms)
- forex.com (minimum deposit)
- forex.com (demo terms)
5. CMC Markets: demo, plus Next Generation and MT4
EUR/USD spread and basis
0.5 pips, advertised minimum, CFD (Next Generation) account
Platforms
Next Generation, MetaTrader 4, TradingView
MAS entity and permission
CMC Markets Singapore Pte Ltd: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- No stated minimum; funds needed to open a position
Why We Recommend CMC Markets
A free CMC Markets demo account lets you practise trading with virtual funds and run it on Next Generation, MetaTrader 4, or TradingView. The platform you pick matters: the live step is the CFD (Next Generation) account, where the advertised minimum EUR/USD spread is 0.5 pips. Choose CMC Markets if you want to rehearse on the platform you would trade from.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- cmcmarkets.com (EUR/USD spread)
- cmcmarkets.com (minimum deposit, demo terms)
- cmcmarkets.com (platforms)
6. Interactive Brokers: Paper Trading account
EUR/USD spread and basis
EUR/USD not named; spreads from 0.1 pips, advertised minimum
Platforms
Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation, IBKR GlobalTrader
MAS entity and permission
Interactive Brokers Singapore Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- US$0, minimum balance
Why We Recommend Interactive Brokers
Paper Trading is Interactive Brokers' demo, giving you simulated funds to try IBKR. Practise on Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation, and IBKR GlobalTrader. The live account has a US$0 minimum balance. Its MAS entity, Interactive Brokers Singapore Pte. Ltd., holds leveraged forex and OTC derivatives permissions. Interactive Brokers is my pick if you want platform depth to grow into.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- interactivebrokers.com.sg (EUR/USD spread)
- interactivebrokers.com.sg (minimum deposit)
- interactivebrokers.com.sg (platforms)
- interactivebrokers.com.sg (demo terms)
7. Saxo: 20-day demo with USD 100,000
EUR/USD spread and basis
0.8 pips, advertised minimum, Classic account
Platforms
SaxoTrader, SaxoInvestor, TradingView (access)
MAS entity and permission
Saxo Capital Markets Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- at least US$6.00, advertised minimum, VIP account
- Minimum deposit
- S$0, no minimum deposit
Why We Recommend Saxo
Saxo's demo gives you a simulated balance for 20 days, and you can practise on SaxoTrader, SaxoInvestor, or through TradingView access. The live account needs no minimum deposit, so the step after the demo is small. Its MAS entity, Saxo Capital Markets Pte. Ltd., holds leveraged forex and OTC derivatives permissions. I recommend Saxo if you want a defined trial period.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- home.saxo (EUR/USD spread, round turn)
- home.saxo (minimum deposit)
- home.saxo (platforms)
- home.saxo (demo terms)
8. Plus500: demo with unlimited virtual funds
EUR/USD spread and basis
Not published on the Singapore site
Platforms
Plus500 platform (web), Plus500 app (Apple App Store, Google Play)
MAS entity and permission
Plus500SG Pte. Ltd.: OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- Per method, shown in the platform
Why We Recommend Plus500
Plus500 gives you a free demo account with unlimited virtual funds to practise with. You can work on the Plus500 web platform or on the Plus500 app, available from the Apple App Store and Google Play. Its MAS entity, Plus500SG Pte. Ltd., holds OTC derivatives permissions. That demo suits you if you want to drill strategies without watching a virtual balance.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- plus500.com (minimum deposit)
- plus500.com (platforms)
- plus500.com (demo terms)
9. eToro: $100K in virtual funds
EUR/USD spread and basis
Not read: its Singapore spread page did not load
Platforms
eToro platform (web, app), TradingView charts
MAS entity and permission
eToro Singapore Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not read
- Minimum deposit
- US$50
Who eToro suits
eToro's demo comes with 100K in virtual funds (currency not named) on the eToro platform, web and app, with TradingView charts. That setup suits you if you are starting out and want to learn charting and find your way around before any live deposit. Its MAS entity is eToro Singapore Pte. Ltd., which holds leveraged forex and OTC derivatives permissions.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- etoro.com (minimum deposit, demo terms)
- etoro.com (platforms)
10. Phillip Nova: 30-day NOVA demo
Scored on six of eight categories; blank: trading costs and trading experience.
EUR/USD spread and basis
0.6 pips, advertised minimum, Phillip MT5 account
Platforms
Phillip MT5, NOVA, TradingView
MAS entity and permission
Phillip Nova Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- at least US$6.00, advertised minimum, Phillip MT5 account
- Minimum deposit
- S$0, no first-time deposit for individual and joint accounts
Who Phillip Nova suits
Phillip Nova's free demo sets up in minutes. A 30-day NOVA demo is available on request, though its request form was under maintenance at the time of reading. Practise on Phillip MT5, NOVA, or TradingView. A live account needs no first-time deposit for individual and joint accounts. The demo suits you if you are weighing MetaTrader 5 against a proprietary platform.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- phillipnova.com.sg (EUR/USD spread, round turn)
- phillipnova.com.sg (round turn)
- phillipnova.com.sg (minimum deposit)
- phillipnova.com.sg (platforms)
- phillipnova.com.sg (demo terms)
- phillipnova.com.sg (demo terms)
Other MAS-licensed brokers with a forex demo account
11. Phillip Securities (POEMS) 44.3/100 Desk-based assessment: scored from published information, not tested
Phillip Securities Pte Ltd; MAS register
Phillip Securities offers a free demo trading account on POEMS CFD MT5.
12. KGI Securities 41.7/100 Desk-based assessment: scored from published information, not tested
KGI Securities (Singapore) Pte. Ltd.; MAS register
KGI Securities gives a free demo account for practice.
13. OCBC Securities (iOCBC) 39.6/100 Desk-based assessment: scored from published information, not tested
OCBC Securities Private Limited; MAS register
OCBC Securities has a free 1-month demo account, and runs iOCBCfx and FIX API.
14. Maybank Securities (Maybank Trade) 38.1/100 Desk-based assessment: scored from published information, not tested
Maybank Securities Pte. Ltd.; MAS register
Maybank Securities takes Maybank Forex demo requests and emails login details within 3 working days.
Read our Maybank Securities (Maybank Trade) review Official site
Which forex demo accounts in Singapore last longest?
FOREX.com states the longest demo length here, OCBC Securities 1 month, Phillip Nova 30 days for its NOVA demo, and Saxo 20 days. Those are the firms that state a length. I would weigh a longer demo heavily if you are starting out, and our Best Forex Broker for Beginners in Singapore guide covers those first steps. The chart below marks each length, virtual balance, and demo name.
How much virtual money does a Singapore forex demo give?
A Singapore forex demo’s virtual money varies by broker: IG’s 200,000 in virtual funds (currency not named) is the largest fixed balance, and Plus500 offers unlimited virtual funds. Saxo gives a simulated USD 100,000, and eToro 100K in virtual funds (currency not named).
How to open a forex demo account in Singapore
Start with a regulator check: match the firm’s MAS Financial Institutions Directory entity to its Singapore site name. Choose MetaTrader 4, MetaTrader 5, or its platform, and read the stated length and virtual balance. Our MAS-Regulated Forex Brokers in Singapore, Best MT4 Brokers in Singapore (2026), and Best MT5 Brokers in Singapore (2026) pages cover licence holders and platforms.
How much do you need for a live account after the demo?
OANDA, Saxo, Phillip Nova (individual and joint accounts), Phillip Securities (CFD account), and Maybank Securities list S$0 to open a live account. Maybank needs funds for a 1,000 notional position to trade. Interactive Brokers lists a US$0 minimum balance, and KGI Securities the highest minimum, US$10,000. The calculator below sizes a first live position in Singapore dollars. Compare Best Forex Brokers in Singapore (2026) and Best CFD Brokers in Singapore (2026).
FAQs
Which is the best forex demo account in Singapore?
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Related pages
About the author
Justin Grossbard is the Co-Founder and CEO of CompareForexBrokers, which he established with Noam Korbl in 2014. He has over 20 years of professional experience in online marketing and holds a Master's in Marketing from Monash University.
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