The Best Forex Brokers in Singapore

Forex Brokers Singapore
If you are a professional trader, you might know about Singapore not implementing any on any trading profits. Suppose you are planning to enter the industry or you already have experience of how the industry works, then you can make a good living in Singapore.

The country is known to be a top logistics hub and the 4th most important financial center worldwide. With this, more and more traders are looking into how to take advantage of the country’s trading environment. Read through this article to find out some of the best Forex brokers in Singapore.

Top Forex Brokers in Singapore

Broker
Rating
Regulated
Min. Deposit
Demo
Max. Leverage
1.
Admiral Markets

FCA, CySEC, ASIC

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd or Admiral Markets Pty Ltd services, please acknowledge all of the risks associated with trading.
2.
Deriv

VFSC, FSC, IBFC

Min $5 Deposit

1 000:1

Review » Visit » Visit
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
3.
ActivTrades

FCA

Min $100 Deposit

50:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
5.
XM Broker

ASIC, IFSC, DFSA, CySEC

Min $5 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8.
Eightcap Review

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
9.
Libertex

CySec

Min $100 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.
10.
Capital.com

FCA, CySEC

Min $20 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Singapore Forex Brokers Reviews

Find out which Forex brokers accept Singapore traders before you invest your money and time in forex trading. We have listed the best online forex brokers Singapore below, read the reviews and choose which one fits your criteria.

City Index

City Index Logo
City Index is known to be one of the oldest Forex trading companies in Singapore. The company is authorized by the Monetary Authority Exchange of Singapore or MAS (Monetary Authority of Singapore). If you are eyeing for City Index as a broker, it provides traders with a vast array of underlying assets amounting to a total of 4,500. Besides the 84 currency pairs, those using City Index can engage in stock trading through the Contract for Differences (CFD) derivatives and provide spread betting in the UK.

City Index’s offerings revolve around commodities, indices, metals, and cryptocurrencies. Forex brokerage provided by CMC markets typically starts from 0.5 points, making it an ideal platform for traders looking at a low-cost investor account. Suppose you are decided to be one of City Index’s clients. You may opt to use the MetaQuotes MQL4 language to create automated trading techniques or download expert advisor software from experienced traders.

City Index Logo

Min $150 Deposit

Regulated By: Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)

Foundation Year: 1983

Headquarters: London, United Kingdom


Terms & conditions apply
75% of retail investor accounts lose money when trading CFDs with this provider

Saxo Markets

Saxo Markets Logo
This is also one of the most popular Forex brokers Singapore has. Saxo Market is a high-end trading company with two trading platforms depending on the client’s experience and needs. The brokerage offers its traders 180 currency pairs with a spread as low as 0.4 points. Besides the mentioned features, Saxo also allows clients to access CFDs derived from stocks, ETFs, and commodities.

The SaxoTraderGo provides an intuitive and user-friendly interface that is easy to navigate and place your orders for those who are new to forex trading. Experienced traders can opt for the SaxoTraderPRO, which has a multi-screen interface with a wide array of features and trading tools.

Saxo Markets Logo

Min $2,000 Deposit

Regulated By: Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA)

Foundation Year: 1992

Headquarters: Copenhagen, Denmark


Terms & conditions apply
The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Complex products, including CFDs and FX, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX, or any of its other products work and whether you can afford to take the high risk of losing your money. 69% of retail investor accounts lose money when trading CFDs with this provider.

CMC Markets

CMC Markets Logo
Besides Singapore, CMC Markets is a forex trader with offices in New Zealand, Australia, the UK, and Canada. The brokerage was established in 1989, providing features for every trader including 8,000 stocks readily available for trade, more than 1,000 ETF CFDs, tight spreads, and over 35 currency pairs for every client to trade on. These are some of the following features offered by CMC Markets:

  • It guarantees stop-loss orders, giving assurance to traders that they will exit a trade at a requested price.
  • Provides alerts to traders to warn them when there are price changes or stop-loss executions.
  • As a trader at CMC Markets, you can close out options that are suitable for you.

Several assets clients can trade on CMC Markets include indices, stocks, currency pairs, commodities, and treasuries. With about 330 currency pairs, it gives the traders easy access to both exotics and major currencies.

CMC Markets Logo

Min $0 Deposit

Regulated By: FCA, ASIC

Foundation Year: 1989

Headquarters: London, United Kingdom


Terms & conditions apply
66% of retail CFD accounts lose money.

IG Markets

IG Broker
Considered to be one of the oldest Forex brokers Singapore has, IG Markets was established in 1974. A few of the notable features of this trading company include more than 80 currency pairs, over 6,000 CFDs, and 1500 ETF CFDs that come with bonds, indices, and futures covering several markets worldwide. You would know that this forex broker has been in the industry for a long time as it already has offices outside Singapore, including the UK, Japan, Australia, and UAE.

IG is an excellent choice for traders who want to familiarize CFD and Forex trading. This trading company also allows its clients to develop trading techniques and improve technical analysis through the CFD broker’s educational materials and tutorials platform.

IG Logo

Min $250 Deposit

Regulated By: ASIC, FCS, MAS, FINMA, CTFC, JFSA, FCA

Foundation Year: 1974

Headquarters: London, ‎United Kningdom


Terms & conditions apply
Your capital is at risk.

OANDA

OANDA Logo
OANDA received the No. 1 FX Broker award in 2017 and is one of the country’s top brokers. Like other Forex brokers, this trading company also has offices in Japan, Australia, Canada, and the US. OANDA has over 70 currency pairs with CFD assets and metals contracts. It uses the MetaTrader 4 for its online platform in trading.

This Forex broker is also heralded for its accessible customer service through phone, email, chatbot, and live chat. They also have reasonable and competitive spreads that can easily factor trades; this results from OANDA’s transparent pricing engine.

OANDA Logo

Min $0 Deposit

Regulated By: ASIC, IIROC, JFSA, MAS, FCA, CFTC

Foundation Year: 1995

Headquarters: New York, United States


Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Conclusion

Trading entails the investment of money; hence you need to weigh your options for your Forex broker. All of the above-mentioned Forex brokers are authorized accordingly and will surely provide you with the best Forex trading experience. The five mas regulated forex brokers in singapore that you have just read offer various features as every trader has different preferences, experiences, and knowledge on how the business works.

Forex Brokers Singapore FAQs

How much money do traders need to start Forex trading?

There are Forex brokers which allow its clients to start trading with only $1. Usually, the minimum amount ranges between $100 and $10,000, or more than that for interbank trading.

Does Forex have a specific owner?

Forex does not have a specific owner. It is an interbank market where transactions are made only between the buyer and the seller.

What is an excellent Forex trading technique?

Your strategies or techniques will depend on the market situation you are in. So there is no specific strategy as you will learn your own as you go through the process if you want to get profits with your investment. There can be some strategies, but they are only for limited periods and for particular currency pairs.

What is the best Forex platform in Singapore?

There is no single answer for this. It will depend on the operator’s knowledge, preference, and experience. Intermediate traders use platforms like MT4 or C-Trader.

How is Forex different from other markets?

Unlike futures, stocks, and options, currency trading is not regulated by the central governing body. There are no arbitration panels to adjudicate a dispute. Instead, traders do business with one another through credit agreements.

About Isaac Bob
About Isaac Bob

Isaac Bob is our corporate marketing expert, he studied at Cambridge where he earned a degree in Economics and Statistics. An expert in scalping and intraday investments, he is looking for new high-profit investment methods.