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

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

 

IC Markets
Pepperstone
City Index
Plus500
FXTM
Our Rating
8.83
9.17
6.83
5.83
6
Lowest Spreads
79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider
74% of retail CFD accounts lose money
80.5% of retail CFD accounts lose money
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
0.10
0.16
0.3 (ECN)
GBP/USD Avg. Raw Spread
0.40
0.4
0.5
AUD/USD Avg. Raw Spread
0.20
0.27
0.5
EUR/USD Standard Spread
1.10
1.16
0.8
0.8
1.9 (Standard)
EUR/USD Fixed Spreads
Commissions (USD Base)
$3.50
AUD/USD$3.50
USD$2.00
Commission Rebates
Minimum Deposit
$200
AUD/USD $200
100
USD$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
65
66+
84+
60+
59+
Cryptocurrency CFDs
10
4+
5+
10+
4+
Index CFDs
16
14+
21+
67+
11+
Share CFDs
100
63+
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
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
1000:1 (FCS)
30:1 (FCA/CySEC)
Professional Leverage
500:1
500:1
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
Trade in 4,500 global markets
Trade cannabis index
Floating leverage
Unique Feature 2
Range of fee free funding options
Fast Execution Speed
Flexible leverage
Guaranteed stop-loss
Range of account types

Overall

IC Markets
Pepperstone
City Index
Plus500
FXTM