Top MT5 Forex Brokers in Singapore

  • ic markets logo IC Markets – Best MT5 forex broker overall
  • Pepperstone Pepperstone – Top MT5 broker with great spreads
  • fxpro logo FxPro – Good broker for MT5 execution speed
  • fpmarkets logo FP Markets – Best broker with MT5 Islamic account
  • think markets logo Thinkmarkets – Top broker for range of markets for MT5
  • avatrade logo Avatrade – Good broker with MT5 crypto trading

IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets
Our Rating
8.50
9.33
7.46
8
7.67
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
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
The vast majority of retail investor accounts lose money when trading CFDs.
75.5% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets
ASIC (Australia)
MAS (Singapore)
FSA (Seychelles)
SCB (Bahamas)
BMA (Bermuda)

Brokerage

Feature
IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets
EUR/USD Avg. Raw Spread
0.02
0.17
0.34
0.20
0.1
GBP/USD Avg. Raw Spread
0.23
0.59
0.43
0.40
-
AUD/USD Avg. Raw Spread
0.17
0.24
0.81
0.30
-
EUR/USD Standard Spread
0.62
0.75
1.52
1.30
-
EUR/USD Fixed Spreads
-
1.79
-
Commissions (USD Base)
$3.50
$3.50
$4.50
$3.00
$3.50
Minimum Deposit
$0
$0
$0
$100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
15+
16+
4+
10+
6+
No Funding Fees

Markets and Instruments

Feature
IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets
Currency Pairs
61+
62+
69+
63+
46+
Cryptocurrency CFDs*
18+
12+
30+
4+
21+
Index CFDs
16+
14+
24+
14+
21+
Share CFDs
100+
300+
150+
12,986+
1200+
Commodities CFD
26+
9+
21+
7+
15+
Stockbroking
-
-
-
Retail Max. Leverage (Singapore)
-
-
-
-
-
Pro. Max. Leverage (Singapore)
-
-
-
-
-
Retail Max. Leverage (With offshore regulators)
500:1
200:1
200:1
500:1
500:1

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

Trading Platforms + Tools

Feature
IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets
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
1,300,000 client accounts
Fastest Limit Order Execution Speed
STP Order Execution

Overall

IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets