Which MAS-licensed brokers in Singapore offer MT4?
| # | Broker | Score /100 | Platforms beside MT4 | EUR/USD spread and basis | Visit broker | More details |
|---|---|---|---|---|---|---|
| 1 |  OANDA#1 Highest score, global- MT4 beside MT5 and TradingView | 88.3Global score | OANDA webOANDA mobile TradingView MetaTrader 5 | 0.8 pips, advertised minimum, Spread only account | Official site of OANDA | |
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| 2 |  MultiBank Group- MT4 and MT5, US$50 Standard minimum | 80.3Global score | MetaTrader 5 | 1.5 pips, advertised average, Standard account | Official site of MultiBank Group | |
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| 3 |  IG- MT4 beside ProRealTime and L2 Dealer | 68.2Global score | ProRealTimeL2 DealerWeb tradingTradingView+1 more platform, listed in this broker's detailsProRealTime, L2 Dealer, Web trading, Mobile trading app, TradingView | 0.6 pips, advertised minimum, IG CFD account | Visit IG | |
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| 4 |  FOREX.com- MT4 beside TradingView and Web Trading | 67.6Global score | TradingViewmobile appWeb Trading | 0.5 pips, advertised minimum, account not named (FOREX.com platform; the page says MT4 pricing may differ) | Official site of FOREX.com | |
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| 5 |  CMC Markets- MT4 beside Next Generation | 64.6Global score | Next GenerationTradingView | 0.5 pips, advertised minimum, CFD (Next Generation) account | Official site of CMC Markets | |
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| 6 |  KGI Securities- MT4 beside KGI MaxxTrader | 41.7Desk score, 6 of 8 | KGI MaxxTrader | EUR/USD not named; major pairs from 1 pip, advertised minimum | Official site of KGI Securities | |
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| 7 |  UOB Kay Hian- UTRADE MT4 beside UTRADE Delta | 39.2Desk score, 6 of 8 | UTRADE Delta | 1.8 pips, advertised minimum, LFX account | Official site of UOB Kay Hian | |
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Spreads are advertised figures, never tested, and desk scores are scored from published information, not tested. "Not published" means a search of the firm's Singapore pages found no figure, and "Not read" means the page did not load. Each "+" opens the MAS entity, permissions, score basis, and our review, and our sources are the firms' Singapore sites and the MAS Financial Institutions Directory, read 24 September 2026, apart from MultiBank Group's EUR/USD spreads, its Pro commission, and IG's forex CFD commission, read 5 October 2026.
Which is the best MT4 broker in Singapore?
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, five carry a global score and two 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 - MT4 beside MT5 and TradingView
- MultiBank Group - MT4 and MT5, US$50 Standard minimum
- IG - MT4 beside ProRealTime and L2 Dealer
- FOREX.com - MT4 beside TradingView and Web Trading
- CMC Markets - MT4 beside Next Generation
- KGI Securities - MT4 beside KGI MaxxTrader
- UOB Kay Hian (UTRADE) - UTRADE MT4 beside UTRADE Delta
MT4 broker reviews for Singapore traders
1. OANDA: MT4 beside MT5 and TradingView
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
In my opinion, OANDA is the pick for MT4 in Singapore because everything runs from one account. You can use MetaTrader 4, MetaTrader 5, TradingView, the OANDA web platform, and the OANDA mobile apps from the same OANDA account. OANDA Asia Pacific Pte. Ltd. is its MAS-licensed entity, with permission for OTC derivatives. The minimum deposit is S$0, and the funds in the account limit position size. OANDA's CFD markets include forex, index, share, precious metals, commodity, crypto, and bond CFDs, and a demo account is offered. For a trader who wants MT4 now and other platforms within reach, I would begin with OANDA.
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, MT4)
2. MultiBank Group: MT4 and MT5, 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 names MetaTrader 4 for desktop, web trader, and mobile, with MetaTrader 5 alongside. MEX Global Markets Pte. Ltd. is the Singapore entity behind the brand, holding MAS permission for leveraged forex and OTC derivatives. The Standard account starts at US$50 and is commission free, a low entry cost if you are beginning with MT4. Metal CFDs and a free demo account are also on offer. For a trader who already knows MT4, that platform range is the appeal.
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, MT4), read 24 September 2026
3. IG: MT4 beside ProRealTime and L2 Dealer
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
IG gives MetaTrader 4 plenty of company: ProRealTime, L2 Dealer, web trading, the mobile trading app, and TradingView all sit beside it. The MAS licensee is IG Asia Pte Ltd, and its permission covers OTC derivatives. EUR/USD carries an advertised minimum of 0.6 pips on the IG CFD account, and share CFDs carry a commission instead of a spread. The CFD range includes forex, share, commodity, and knock-out CFDs, and there is a demo account. I think IG suits a trader who wants MT4 as one option in a broader platform lineup.
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, MT4), read 24 September 2026
- ig.com (MT4), read 24 September 2026
4. FOREX.com: MT4 beside TradingView and Web Trading
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 pairs MetaTrader 4 with TradingView, a mobile app, and Web Trading. StoneX Financial Pte. Ltd. is the MAS licensee, and its permission covers leveraged forex and OTC derivatives. Commission applies to share CFDs only, with none on forex. EUR/USD is advertised from 0.5 pips on the FOREX.com platform, and its page notes that MT4 pricing may differ, so confirm the MT4 figures before comparing costs. A demo account runs for 12 weeks with virtual funds, and the CFD range covers forex, shares, indices, and commodities. If your trading is mostly in currency pairs, that commission setup is why I would shortlist FOREX.com.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- forex.com (EUR/USD spread, platforms, MT4)
- forex.com (minimum deposit)
5. CMC Markets: MT4 beside Next Generation
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
CMC Markets puts MetaTrader 4 alongside its Next Generation platform and TradingView, so you can treat MT4 as one route into a wide CFD range. The MAS entity is CMC Markets Singapore Pte Ltd, licensed for leveraged forex and OTC derivatives. Its CFD account, on the Next Generation platform, carries an advertised EUR/USD minimum of 0.5 pips. The CFD list runs to forex, indices, commodities, shares, treasuries, crypto, share baskets, options CFDs, and pre-IPO CFDs, and a demo account is offered too. In my view, CMC Markets suits a trader who starts on MT4 and wants a bigger market list without changing brokers.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- cmcmarkets.com (EUR/USD spread)
- cmcmarkets.com (minimum deposit)
- cmcmarkets.com (platforms, MT4)
6. KGI Securities: MT4 beside KGI MaxxTrader
Scored on six of eight categories; blank: trading costs and trading experience.
EUR/USD spread and basis
EUR/USD not named; major pairs from 1 pip, advertised minimum
Platforms
KGI MetaTrader 4, KGI MaxxTrader
MAS entity and permission
KGI Securities (Singapore) Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- US$10,000, minimum initial deposit, individual and joint accounts
Who KGI Securities suits
KGI Securities works for a trader who can meet a US$10,000 minimum initial deposit on an individual or joint account. The platforms are KGI MetaTrader 4 and KGI MaxxTrader, and KGI Securities (Singapore) Pte. Ltd. is licensed by MAS for leveraged forex and OTC derivatives. A free demo account is offered. KGI MaxxTrader sits beside KGI MetaTrader 4, so an MT4 trader at KGI has another platform from the same firm.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- kgieworld.sg (EUR/USD spread, minimum deposit)
- kgieworld.sg (platforms, MT4)
7. UOB Kay Hian (UTRADE): UTRADE MT4 beside UTRADE Delta
Scored on six of eight categories; blank: trading costs and trading experience.
EUR/USD spread and basis
1.8 pips, advertised minimum, LFX account
Platforms
UTRADE MT4, UTRADE Delta
MAS entity and permission
UOB Kay Hian Private Limited: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- S$5,000, LFX account, or equivalent
Who UOB Kay Hian (UTRADE) suits
UOB Kay Hian fits a trader who wants UTRADE MT4 for leveraged foreign exchange and can meet the LFX account's minimum deposit of S$5,000 or equivalent. UOB Kay Hian Private Limited is the MAS licensee for leveraged forex and OTC derivatives, and the entity is listed in the MAS Financial Institutions Directory. The firm covers both leveraged foreign exchange on UTRADE MT4 and equity and index CFDs on UTRADE Delta.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- uobkh.com.sg (EUR/USD spread)
- uobkh.com.sg (minimum deposit)
- uobkh.com.sg (platforms, MT4)
Which MT4 brokers in Singapore also offer MT5 or TradingView?
In Singapore, MT5 sits beside MT4 at OANDA and MultiBank Group, and TradingView sits beside MT4 at OANDA, IG, FOREX.com, and CMC Markets. OANDA also names its web platform and mobile apps, IG names ProRealTime, L2 Dealer, web trading, and a mobile trading app, and FOREX.com names Web Trading and a mobile app. CMC Markets names Next Generation, KGI Securities names KGI MaxxTrader, and UOB Kay Hian (UTRADE) names UTRADE Delta. The chart below draws the same marks. If you want the newer MetaTrader release, I would start from our Best MT5 Brokers in Singapore (2026) guide.
Which MT4 broker in Singapore has the lowest EUR/USD spread?
CMC Markets’ FX Active (on MT4) and OANDA’s Core pricing share the smallest advertised EUR/USD minimum in this comparison, 0.0 pips plus commission, with the next advertised minimum, 0.5 pips, held by CMC Markets and FOREX.com. The CMC Markets figure is for the CFD account on its Next Generation platform, FOREX.com’s for its own platform, its page saying MT4 pricing may differ. IG advertises 0.6 pips on its IG CFD account and UOB Kay Hian (UTRADE) 1.8 pips on its LFX account. OANDA’s Spread only account advertises 0.8 pips, a figure MultiBank Group’s Pro account averages without commission. MultiBank Group’s Singapore contract specification page lists averages of 1.5 pips on Standard without commission and 0.1 pips on ECN, where a commission applies at an unstated rate. KGI Securities quotes major pairs from 1 pip without naming EUR/USD.
What is the minimum deposit for an MT4 account in Singapore?
OANDA’s minimum deposit is S$0, MultiBank Group asks US$50 on its Standard account, KGI Securities asks US$10,000 for individual and joint accounts, and UOB Kay Hian (UTRADE) asks S$5,000 or equivalent on its LFX account. We never convert currencies, so expect both S$ and US$. If you are starting out, our Best Forex Broker for Beginners in Singapore guide is where I would send you, and our Best Forex Demo Accounts in Singapore (2026) list covers demo accounts.
How much is a pip worth on MT4 in Singapore dollars?
One pip on one standard lot (100,000 units) of EUR/USD is worth US$10. In Singapore dollars, that value moves with the exchange rate. The calculator below applies the rate from our dated rates file to give you the pip value in Singapore dollars for the pair and position size you enter.
How we rank MT4 brokers for Singapore traders
These are the firms on our Singapore list of eighteen whose own Singapore site names MT4. An institutional MT4 bridge does not count as a retail platform. Every firm is licensed by the Monetary Authority of Singapore (MAS). The order is our list’s score order, global and desk scores together. A desk score is scored from published information, not tested. See the full list at Best Forex Brokers in Singapore (2026) and licences at MAS-Regulated Forex Brokers in Singapore.
FAQs
Which broker is best for MT4 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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