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Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.

The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.


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Score Broker Payment Country Min Deposit Max Leverage
Additional FAQ

Sadly, the answer is most probably not.

Continue Reading at How to Recover from Forex Broker Scams

There are 6 common types of forex brokers' cheats, such as:

  1. Stop loss hunting
  2. Spread markups
  3. Slippage
  4. Requote
  5. Swap manipulation
  6. High leverage

Continue Reading at Forex Broker Cheats and How to Anticipate Them

Forex brokers commonly implement KYC through various methods, including manual ID verification conducted by an internal team, the use of third-party ID verification services that automate the process, and pre-KYC screening to expedite data filtering and enhance efficiency.

Continue Reading at Is KYC Important in Forex Trading?

Here are a few of the best brokers that Singaporean traders use:

  • OANDA: Regulated by MAS (200704926K).
  • Plus500: Regulated under MAS (201422211Z).
  • Saxo Broker: Regulated by MAS under license number (200601141M).
  • Interactive Broker: MAS-regulated broker under license number (CMS100917).
  • City Index: MAS regulations with license number (201130598R).
  • AvaTrade: Offers SGD trading and local customer support.
  • FBS: Offers local customer support for Singaporean traders.

Continue Reading at Top Forex Brokers in Singapore


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