Forex Brokers in Singapore
The Monetary Authority of Singapore (MAS) is a regulator for regulating the financial industry in Singapore. MAS is a highly regarded regulator that has contributed to turning Singapore into one of the most reputable jurisdictions for forex trading in Asia, after having seen strong growth in its financial sector over the past few decades.
Singapore is also a business-friendly country, which has led many of the largest global forex brokers to set up their regional headquarters in the city-state. Forex trading remains popular among Singaporeans, and the country is home to many high-profile independent traders.
| Broker | Regulation | Max Leverage | Min Deposit | |
|---|---|---|---|---|
| Axi Australia 2007 |
ASIC, 318232 DFSA (Dubai) 2758 FCA (UK), 509746 FSCL (New Zealand), FSP518226 | 1:500 | $1 | Review |
| IG Australia 1974 |
CFTC/NFA, 0509630 FCA (UK) 195355 | 1:50 | $1 | Review |
| Plus500 Australia 2008 | ASIC 417727 CySEC, 250/14 FCA (UK), 509909 FSA (Estonia), 16128206 FSCA (South Africa), 47546 ISA (Israel), 5 Monetary Authority of Singapore, 2017-12-11 | 1:300 | $100 | Review |
| OANDA British Virgin Islands 1995 | CFTC/NFA 0325821 FCA (UK), 54257 FSA (Japan), 1571 FSC (BVI), SIBA/L/20/1130 Kanto Local Finance Bureau (Japan), 2137 MFSA, 18.12.2020 | 1:200 | $1 | Review |
| FIBOGroup Austria 1998 | CySEC 118/10 FSC (BVI), SIBA/L/14/1063 | 1:1000 | $1 | Review |
| ayondo Germany 2008 | None | 1:200 | $100 | Review |
| CMS Trader Australia 2013 | None | 1:400 | $500 | Review |
| TegasFX Singapore 2016 | Vanuatu Financial Services Commission 14697 | 1:200 | $200 | Review |
| Land-FX China 2013 |
FCA (UK), 709866 FSP (New Zealand) FSP264385 | 1:500 | $300 | Review |
| PhillipCapital Australia 1975 |
ASIC, AFSL 246827 FCA (UK), 169760 | 1:200 | $200 | Review |
| ICM Capital China 2009 |
FCA (UK), 520965 Jordan Securities Commission 02.04.2020 | 1:30 | $200 | Review |
| CMC Markets Australia 1989 | BaFin 154814 FCA (UK), 173730 | 1:500 | $1 | Review |
If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
FAQ
What is the best forex broker in Singapore?
Finding the best forex broker in Singapore is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Singapore, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in Singapore?
The list in this page can be a good reference if you look to trade with in Singapore. We have sorted specific forex brokers that accept clients from Singapore, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in Singapore, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
