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.



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