Top MT5 Forex Brokers in Singapore

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

IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets
Our Rating
8.50
9.33
7.46
8.17
7.67
No Dealing Desk
Smart Trader Tools
1,300,000 client accounts
Fastest Limit Order Execution Speed
STP Order Execution

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
0.51
0.20
0.1
GBP/USD Avg. Raw Spread
0.23
0.59
0.66
0.70
-
AUD/USD Avg. Raw Spread
0.17
0.24
0.63
0.40
-
EUR/USD Standard Spread
0.62
0.77
1.24
1.30
-
EUR/USD Fixed Spreads
-
2.17
-
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
*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
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

Overall

IC Markets
Pepperstone
FxPro
FP Markets
ThinkMarkets
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 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 7.46 FCA, FSCA
CySEC, SCB
0.51 0.66 0.63 110 $0 69+ 30+ 30:1 200:1
Visit Broker > 8.17 ASIC, CySEC 0.20 0.70 0.40 95ms $100 63+ 4+ 30:1 500:1
Visit Broker > 7.67 FCA, FSCA
ASIC,FINMA
0.1 - - 140ms $0 46+ 21+ 30:1 500:1