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 logo 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

IC Markets
Pepperstone
City Index
Plus500
FXTM
Our Rating
8.50
9.33
6.83
5.83
6
No Dealing Desk
Fast Execution Speed
Trade in 4,500 markets
Trade cannabis index
Floating leverage

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
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
*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
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

Overall

IC Markets
Pepperstone
City Index
Plus500
FXTM
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 > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 9.33 ASIC, FCA
CySEC, DFSA
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 6.83 ASIC, MAS - - - 145ms $150 84+ 25+ 30:1 500:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 6 FCA, FSCA
FSC
0.3 0.5 0.5 160ms $500 63+ - 30:1 300:1