The 4 brokers on this page, ranked
Ordered by score, highest first, global and desk scores together, as on our list of sixteen, where eight scores come from our global testing and eight 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.
- OANDA - MT4, MT5 and TradingView platforms
- MultiBank Group - Standard, Pro and ECN accounts
- Phillip Nova - NOVA, Phillip MT5 and TradingView
- Phillip Securities (POEMS) - 10 currency ledgers
Which 4 brokers on our MAS-licensed list offer MT5 in Singapore?
OTC derivatives, FID
1. OANDA: MT4, MT5 and TradingView platforms
Beside MetaTrader 5, its Singapore site names: OANDA web, OANDA mobile, TradingView and MetaTrader 4
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 5, as the Singapore site states it | Or use TradingView, MetaTrader 4 or MetaTrader 5 from your OANDA account. | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.8 pips, advertised minimum, Spread only account | Singapore site, 24 September 2026 |
| MAS licence (FID) | OANDA Asia Pacific Pte. Ltd.: leveraged forex not listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
2. MultiBank Group: Standard, Pro and ECN accounts
The score is MultiBank Group's global score; the Singapore entity is MEX Global Markets Pte. Ltd.
Beside MetaTrader 5, its Singapore site names: MetaTrader 4 (desktop, web trader, mobile)
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 5, as the Singapore site states it | MetaTrader 5 | Singapore site, 24 September 2026 |
| MetaTrader 5, as the Singapore site states it | MetaTrader 5 | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | Not published on the Singapore site | Singapore site searched |
| MAS licence (FID) | MEX Global Markets Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
3. Phillip Nova: NOVA, Phillip MT5 and TradingView
Scored on six of eight categories; blank: trading costs and trading experience.
Beside MetaTrader 5, its Singapore site names: NOVA and TradingView
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 5, as the Singapore site states it | The latest in the MetaTrader series, Phillip MT5 comes with an auto trading function, advanced charting and technical indicators powered by Trading Central. | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.6 pips, advertised minimum, Phillip MT5 account | Singapore site, 24 September 2026 |
| MAS licence (FID) | Phillip Nova Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
OTC derivatives, FID
4. Phillip Securities (POEMS): 10 currency ledgers
Scored on five of eight categories; blank: trading costs, trading experience and customer service.
Beside MetaTrader 5, its Singapore site names: POEMS 2.0, POEMS Mobile 3.0 and POEMS Pro
Sources
| Fact | As stated | Source |
|---|---|---|
| MetaTrader 5, as the Singapore site states it | Customers are able to trade FX CFDs on POEMS 2.0, POEMS Mobile 3.0 (iOS & Android), POEMS Pro and POEMS CFD MT5. | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.3 pips, advertised minimum, FX CFD account | Singapore site, 24 September 2026 |
| MAS licence (FID) | Phillip Securities Pte Ltd: leveraged forex not listed, OTC derivatives listed | FID, 24 September 2026 |
MetaTrader 5 at the 4 brokers, side by side
When you compare MetaTrader 5 across these brokers, I would look first at how each firm describes its MT5 product on its own Singapore site, because the tools you get vary with the build. Then weigh the entity FID lists and the advertised EUR/USD spread against how you actually trade. If you hold positions for days rather than minutes, my advice is to weigh the spread more heavily than the charting extras.
| Broker | MAS entity (FID) | MetaTrader 5, as the Singapore site states it | Advertised EUR/USD spread and basis | Source |
|---|---|---|---|---|
| OANDA MT4, MT5 and TradingView platforms | OANDA Asia Pacific Pte. Ltd. | Or use TradingView, MetaTrader 4 or MetaTrader 5 from your OANDA account. | 0.8 pips, advertised minimum, Spread only account | Singapore site, 24 September 2026 |
| MultiBank Group Standard, Pro and ECN accounts | MEX Global Markets Pte. Ltd. | MetaTrader 5 | Not published on the Singapore site | Singapore site, 24 September 2026 |
| Phillip Nova NOVA, Phillip MT5 and TradingView | Phillip Nova Pte. Ltd. | The latest in the MetaTrader series, Phillip MT5 comes with an auto trading function, advanced charting and technical indicators powered by Trading Central. | 0.6 pips, advertised minimum, Phillip MT5 account | Singapore site, 24 September 2026 |
| Phillip Securities (POEMS) 10 currency ledgers | Phillip Securities Pte Ltd | Customers are able to trade FX CFDs on POEMS 2.0, POEMS Mobile 3.0 (iOS & Android), POEMS Pro and POEMS CFD MT5. | 0.3 pips, advertised minimum, FX CFD account | Singapore site, 24 September 2026 |
More Singapore forex broker pages
The other pages built on our list of sixteen Singapore brokers. The anchor text is each page's own heading.
Best Forex Brokers in Singapore: 16 MAS-Regulated Brokers ComparedAll sixteen brokers on our list, ranked by score.Best Forex Broker for Beginners in Singapore: the 11 Brokers on Our MAS List With a Demo and a Stated Minimum DepositEleven of the sixteen brokers on our list offer a demo account and a stated minimum deposit on their Singapore sites.Best Forex Demo Account in Singapore: the 13 Brokers on Our MAS-Licensed List That Advertise a DemoThirteen of the sixteen brokers on our list offer a demo account on their Singapore sites.MetaTrader 4 (MT4) Brokers in Singapore: the 6 Brokers on Our MAS-Licensed List That Offer MT4Six of the sixteen brokers on our list offer MetaTrader 4 on their Singapore sites.Best CFD Broker in Singapore: the 14 Brokers on Our MAS-Licensed List That Offer CFDsFourteen of the sixteen brokers on our list offer CFDs to retail clients on their Singapore sites.
FAQs
Which MT5 broker is best in Singapore?
I recommend OANDA for MetaTrader 5 in Singapore, which holds a global score of 92 out of 100 from our global broker test. Its Singapore site states "Or use TradingView, MetaTrader 4 or MetaTrader 5 from your OANDA account", and it advertises an EUR/USD spread of 0.8 pips, advertised minimum, on its Spread only account. (our global broker test, and its Singapore site, read 24 September 2026)
Which MAS-licensed brokers offer MetaTrader 5 in Singapore?
Four brokers on our list state MetaTrader 5 on their own Singapore sites: OANDA, which offers MetaTrader 5 from your OANDA account; MultiBank Group, whose Singapore site lists MetaTrader 5 beside MetaTrader 4; Phillip Nova, which offers Phillip MT5; and Phillip Securities, which offers POEMS CFD MT5. If you want MT5 from one of the brokers on our list, I would compare these four on the spread and the account terms. (each firm's Singapore site, read 24 September 2026)
Is MetaTrader 5 trading legal in Singapore?
Yes, when you trade through an entity that holds a capital markets services licence for the product, or one FID lists as exempt from needing it. A joint Singapore Police Force and MAS release of 6 June 2025 says two unregulated trading platforms were determined to be in breach of the Securities and Futures Act 2001, and it encourages you to deal only with regulated platforms listed on FID. (the MAS and Singapore Police Force release of 6 June 2025, and FID read 24 September 2026)
Can I use MT4 and MT5 with the same broker in Singapore?
Yes, at OANDA and MultiBank Group, the two I would shortlist if you want both platforms. OANDA's Singapore site states "Or use TradingView, MetaTrader 4 or MetaTrader 5 from your OANDA account", so you can run both MetaTrader platforms from one account. MultiBank Group's Singapore site names MetaTrader 4 for desktop, web trader and mobile beside MetaTrader 5. (each firm's Singapore site, read 24 September 2026)
What leverage applies to MT5 forex trades in Singapore?
The platform does not change your margin rule. Table 18 of the Fourth Schedule to the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations sets minimum margin of 5% (20:1) for a retail customer and 2% (50:1) for contracts entered into only with accredited, expert or institutional investors. These are minimums, and a licence holder may ask you for more. (Singapore Statutes Online, read 24 September 2026)
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About the author
Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research.
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