Best MT5 Brokers in Singapore (2026)

Which is the best MT5 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, two 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.

1. OANDA - MT5 beside MT4 and TradingView
2. MultiBank Group - MT5 beside MT4 on web and mobile
3. Phillip Nova - Phillip MT5 beside NOVA and TradingView
4. Phillip Securities (POEMS) - POEMS CFD MT5 beside POEMS Pro

MT5 broker reviews for Singapore traders

1. OANDA: MT5 beside MT4 and TradingView

88.3/100

Global score

#1 of 4 on this page

Official site

Read our full OANDA review

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

OANDA offers MetaTrader 5 alongside its own web and mobile platforms, TradingView, and MetaTrader 4, all from one account. MAS lists OANDA Asia Pacific Pte. Ltd. on its Financial Institutions Directory, with permission for OTC derivatives. There is no minimum deposit to open, and the CFD range covers forex, indices, shares, precious metals, commodities, crypto, and bonds. I recommend OANDA for Singapore traders who want MT5 and the rest of its platform range from a single account.

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, MT5)

2. MultiBank Group: MT5 beside MT4 on web and mobile

80.3/100

Global score of MultiBank Group

#2 of 4 on this page

Official site

Read our full MultiBank Group review

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 runs MT5 alongside the MT4 desktop, web trader, and mobile builds. MEX Global Markets Pte. Ltd., the entity through which MultiBank Group serves Singapore, is listed on the MAS Financial Institutions Directory with permission for leveraged forex and OTC derivatives. A demo account is offered, and metals CFDs are named on its Singapore site. Its Singapore contract specification page publishes EUR/USD averages for its Standard, Pro, and ECN accounts, with no averaging period stated. I recommend it for Singapore traders who want MT4 and MT5 from the same broker.

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), read 24 September 2026
• mexglobalmarkets.com (MT5), read 24 September 2026
• mexglobalmarkets.com (MT5), read 24 September 2026

3. Phillip Nova: Phillip MT5 beside NOVA and TradingView

48.3/100

Desk-based assessment: scored from published information, not tested

#3 of 4 on this page

Official site

Read our full Phillip Nova review

Scored on six of eight categories; blank: trading costs and trading experience.

EUR/USD spread and basis

0.6 pips, advertised minimum, Phillip MT5 account

Platforms

Phillip MT5, NOVA, TradingView

MAS entity and permission

Phillip Nova Pte. Ltd.: Leveraged forex and OTC derivatives register

Cheapest round turn, 1.0 lot

at least US$6.00, advertised minimum, Phillip MT5 account

Minimum deposit

S$0, no first-time deposit for individual and joint accounts

Who Phillip Nova suits

Phillip Nova brings Singapore traders Phillip MT5, which has an auto trading function, advanced charting, and Trading Central indicators. The site also offers the NOVA platform for stocks, ETFs, DLCs, structured warrants, forex, and futures, plus a TradingView connection and a 30-day demo on NOVA, with no first-time deposit for individual and joint accounts. Phillip Nova Pte. Ltd. appears on the MAS Financial Institutions Directory, holding permission for leveraged forex and OTC derivatives. It suits multi-asset traders who want those markets alongside MT5.

Broker's Detail

• Read 24 September 2026:
• eservices.mas.gov.sg (MAS entity and permissions)
• phillipnova.com.sg (EUR/USD spread, round turn)
• phillipnova.com.sg (round turn)
• phillipnova.com.sg (minimum deposit)
• phillipnova.com.sg (platforms, MT5)

4. Phillip Securities (POEMS): POEMS CFD MT5 beside POEMS Pro

44.3/100

Desk-based assessment: scored from published information, not tested

#4 of 4 on this page

Official site

Read our full Phillip Securities (POEMS) review

Scored on five of eight categories; blank: trading costs, trading experience and customer service.

EUR/USD spread and basis

0.3 pips, advertised minimum, FX CFD account

Platforms

POEMS 2.0, POEMS Mobile 3.0, POEMS Pro, POEMS CFD MT5

MAS entity and permission

Phillip Securities Pte Ltd: OTC derivatives register

Cheapest round turn, 1.0 lot

at least US$3.00, advertised minimum, FX CFD account

Minimum deposit

S$0, no minimum to open a CFD account

Who Phillip Securities (POEMS) suits

Phillip Securities (POEMS) suits Singapore traders who trade FX CFDs and want MT5 within a broker's wider platform family: POEMS CFD MT5 runs beside POEMS 2.0, POEMS Mobile 3.0, and POEMS Pro. A demo account is offered. The MAS-licensed entity is Phillip Securities Pte Ltd, whose permission covers OTC derivatives. Its CFD range includes forex, equity, index, and commodity CFDs, with no minimum to open a CFD account. The FX CFD account carries its advertised minimum EUR/USD spread of 0.3 pips.

Broker's Detail

• Read 24 September 2026:
• eservices.mas.gov.sg (MAS entity and permissions)
• phillipcfd.com (EUR/USD spread, round turn, platforms, MT5)
• poems.com.sg (round turn, minimum deposit)

Which MT5 brokers in Singapore also offer MT4 or TradingView?

Among MT5 brokers in Singapore, OANDA and MultiBank Group also name MT4 beside MT5, and OANDA and Phillip Nova name TradingView beside it. Phillip Nova names its own NOVA platform as well, Phillip Securities (POEMS) its POEMS family, and OANDA its own web and mobile platforms. If you prefer MT4, I would point you to our Best MT4 Brokers in Singapore (2026) page. The chart below draws the same marks for the four brokers on this page.

Which MT5 broker has the lowest EUR/USD spread in Singapore?

Phillip Securities (POEMS) has this page’s lowest advertised minimum EUR/USD spread, 0.3 pips on its FX CFD account; MultiBank Group’s ECN average, 0.1 pips, is the smaller figure. Fair desk scores mean I make no recommendation on either Phillip Securities (POEMS) or Phillip Nova. Phillip Nova advertises 0.6 pips on its Phillip MT5 account, OANDA 0.8 pips on its Spread only account. MultiBank Group’s Standard and Pro averages, 1.5 and 0.8, are commission-free; the ECN commission rate is unstated.

How much is a pip worth on MT5 in Singapore dollars?

A pip on one standard lot (100,000 units) of EUR/USD is worth US$10, and in Singapore dollars it moves with the USD/SGD exchange rate. The calculator below applies exchange rates from our dated rates file, whose date it prints, so you can check the pip value for any lot size you trade.

How much do you need to open an MT5 account in Singapore?

You need S$0 to open at OANDA, S$0 at Phillip Nova for individual and joint accounts, S$0 at Phillip Securities (POEMS) for a CFD account, and US$50 at MultiBank Group, its minimum initial deposit on the Standard account. I would practise on MT5 with a demo account first: see our Best Forex Demo Accounts in Singapore (2026) page. Our Best CFD Brokers in Singapore (2026) page compares CFD brokers.

How we check that an MT5 broker is licensed by MAS

Every broker on this page is an entity the Monetary Authority of Singapore (MAS) Financial Institutions Directory lists, and its own Singapore site names MT5 on a page that prints that entity. The ”+” row in the comparison module names each entity and its permissions. Our Best Forex Brokers in Singapore (2026) page carries our Singapore list of eighteen brokers, and our MAS-Regulated Forex Brokers in Singapore page covers MAS regulation.