The team at CompareForexBrokers has compiled a list of Singapore’s top forex and CFD brokers based on spreads, commission fees, market access and trading platforms available. Whether you are new to forex trading and wanting a fixed all-inclusive spread or a high volume trader looking for ECN-like spreads, our list of top forex brokers will help you find a brokerage firm suited to your trading needs.

  1. IC Markets Is The Lowest Spread Forex Broker
  2. Pepperstone Has The Lowest Commissions And Trading Costs
  3. City Index Has The Lowest Crypto Spreads
  4. OANDA Has The Best Setup For Beginner Traders
  5. FXTM Has The Best Currency Pair Range
  6. Saxo Markets Has The Lowest Non-Commission Spreads
  7. CMC Markets Is The Best Stockbroker + CFD broker

Read on to discover different account types, products and trading tools offered by the top 7 forex and CFD brokers that accept Singaporean clients’.

 

Broker Reviewed

IC Markets
Pepperstone
City Index
Plus500
FXTM
Our Rating
8.83
9.17
6.83
5.83
6
Best Spread Broker
Best MT4 Execution Speeds
72% of retail CFD accounts lose money
Ideal For Beginners
High leverage

Regulations and Licenses

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending

Brokerage

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
EUR/USD Avg. Raw Spread
0.1
0.13
0.4 (ECN)
GBP/USD Avg. Raw Spread
0.4
0.51
0.7
AUD/USD Avg. Raw Spread
0.2
0.18
0.7
EUR/USD Standard Spread
1.1
1.13
0.8
0.6
1.3 (Standard)
EUR/USD Fixed Spreads
Commissions (USD Base)
USD $3.50
AUD/USD$3.50
USD$2.00
Commission Rebates
Minimum Deposit
USD $200
AUD/USD $200
$0
USD$500
Has Islamic Account
No Inactivity Fees
Funding Methods
15
16
6
3
13
No Funding Fees

Markets and Instruments

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
Currency Pairs
65+
66+
84+
60+
59+
Cryptocurrency CFDs
10+
4+
5+
10+
4+
Index CFDs
16+
2+
21+
67+
11+
Share CFDs
100+
5+
4500+
1816+
180+
Commodities CFD
19+
4+
29+
17+
3+
Stockbroking
10+
Retail Max. Leverage
500:1
30:1 (FCA) 500:1 (ASIC) 50:1 (DFSA)
20:1
FCA 30:1 ASIC 300:1 MAS 20:1
1000:1 (FCS) 30:1 (FCA/CySEC)
Professional Leverage
500:1
500:1 (FCA)
400:1
300:1

Trading Platforms + Tools

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MT4 only
Social + Copy Trading
Investment account only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
only with FCA regulation
ESMA regulated territories only
Demo Account
Unique Feature 1
ECN pricing
Smart Trader Tools
Best for beginners
Trade cannabis index and share CFDs
Floating leverage
Unique Feature 2
Range of fee free funding options
Fast Execution Speed
Guaranteed stop loss trading option
Range of account types

Overall