Lowest Spread Forex Brokers Singapore

The best low spread forex broker for Singapore traders by category are shown below.

  • IC Markets IC Markets - Lowest Spread Forex Broker
  • Pepperstone Pepperstone - Low Commission Broker With No Hidden Fees
  • City Index City Index - Lowest Spreads On Cryptocurrency Trading
  • oanda logo OANDA - Best Low-Cost Beginner Forex Brokers
  • fxtm logo FXTM - Currency Pair Range With Low Trading Costs
  • Saxo Markets Saxo Markets - Top Lowest Non-Commission Spread 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’.

IC Markets
Pepperstone
City Index
Plus500
FXTM
Our Rating
8.50
9.33
6.83
5.83
6
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
73% of retail CFD accounts lose money
77% of retail CFD accounts lose money
77% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
MAS (Singapore)
FSA (Seychelles)
FSC (Mauritius)
SCB (Bahamas)

Brokerage

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
EUR/USD Avg. Raw Spread
0.02
0.17
-
-
0.3
GBP/USD Avg. Raw Spread
0.23
0.59
-
-
0.5
AUD/USD Avg. Raw Spread
0.17
0.24
-
-
0.5
EUR/USD Standard Spread
0.62
0.75
0.80
-
1.9
EUR/USD Fixed Spreads
-
-
-
-
Commissions (USD Base)
$3.50
$3.50
-
-
$2.00
Minimum Deposit
$0
$0
$150
$100
$500
Swap Free 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
61+
62+
84+
71+
63+
Cryptocurrency CFDs*
18+
12+
25+
15+
-
Index CFDs
16+
14+
21+
67+
11+
Share CFDs
100+
300+
4500+
1816+
180+
Commodities CFD
26+
9+
46+
22+
7+
Stockbroking
-
-
-
10+
Retail Max. Leverage (Singapore)
-
-
Major Pairs 20:1
Minor Pairs 10:1
Major Pairs 20:1
-
Pro. Max. Leverage (Singapore)
-
-
50:1
-
-
Retail Max. Leverage (With offshore regulators)
500:1
200:1
-
300:1
Accounts:
Advantage & Advantage+ 2000:1
Micro Account 1000:1

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

Trading Platforms + Tools

Feature
IC Markets
Pepperstone
City Index
Plus500
FXTM
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
ECN pricing
Smart Trader Tools
Trade in 4,500 markets
Trade cannabis index
Floating leverage

Overall

IC Markets
Pepperstone
City Index
Plus500
FXTM