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Best Forex Brokers in Singapore for 2026
Last updated September 2, 2026
Top MAS-regulated forex brokers offering competitive spreads and adherence to 2026 digital finance guidelines.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every Singapore page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Singapore
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for unlimited leverage
TIO Markets
Used in Singapore8.5
BrokerAnalysis score
SGD/USD funding, low $50 min
- Verified unlimited leverage — rare for retail accounts
- Low $50 minimum deposit
- Familiar MT4/MT5 platforms
FCA (UK)
You contract with: TIO Markets
Visit TIO MarketsRead full review
Not MAS-licensed. TIO carries a CNMV public warning and a recycled-shell FCA history (disclosed in our full review) — verify current terms before depositing more than you can afford to lose. Unlimited leverage is offered on the offshore Standard MT5 account (capped at 1:200 around news and weekends).
#2 · Widely used in Singapore
Exness
Used in Singapore8.7
BrokerAnalysis score
SGD/USD funding, local cards
- Deep liquidity, low spreads
- SGD/USD and card funding
- Fast withdrawals, unlimited-leverage options
FCA + CySEC + FSCA
You contract with: Exness (SC) Ltd
Visit ExnessRead full review
Singapore's MAS requires local licensing for regulated activities; this broker is not MAS-licensed. Verify terms before depositing.
Why these two
Neither pick is MAS-licensed, so we disclose it plainly. Exness is the most widely used; TIO Markets is featured for traders actively seeking unlimited leverage. IC Markets (ECN execution) and Tickmill (self-excludes Singapore) are noted in the full table.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 74–89% of retail accounts lose money. Trade only what you can afford to lose.
Is forex trading regulated in Singapore?
Yes, forex trading is regulated by the Monetary Authority of Singapore (MAS). MAS-regulated brokers must meet strict capital requirements and maintain segregated client accounts.
Top 8 Forex Brokers for Singapore Traders in 2026
As a premier Asian financial hub, Singapore enters 2026 with a robust regulatory framework under the Monetary Authority of Singapore (MAS). Our current ranking starts with TIO Markets where it is available, followed by Exness, IG Singapore, and Saxo Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Country Offers
Browse All PromotionsAvailable offers for Singapore traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Cashback / Rebate
Local conversion checklist
What Singapore traders should verify first
Regulation and legal status
Prioritize MAS-regulated or MAS-authorized entities where available, then clearly disclose offshore entity trade-offs.
Local payment methods
Show SGD funding support, card deposits, bank transfer, Wise, and local bank compatibility.
Singapore traffic is English-speaking and high-intent, so the first broker card should make regulation and SGD funding obvious.
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Best regulated brokers for Singapore traders
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Quick Rankings
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FIND MY BROKERKey Features for Singapore Traders
15 brokers · how we rank
Compare essential features of forex brokers available to Singapore residents.
| Broker | Withdrawal | FX commission | Time to open account | USDJPY spread | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | $0 (spread only, confirm current terms) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Raw) | 0.2 pips (Standard) | $1 | Instant | — | — | — | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
| 0.6 | S$0 | 2-5 business days | None | Same day | 0.7 | No tier-1 licence listed | ||
| 0.6 | S$3000 | 1-2 business days | None | 1-2 days | 0.6 | No tier-1 licence listed | ||
| 1.2 | S$0 | 1-3 business days | None | Same day | 1.0 | No tier-1 licence listed | ||
| 0.7 | S$0 | 1-2 business days | None | Same day | 0.7 | No tier-1 licence listed | ||
| 0.8 | S$150 | 1-3 business days | None | Same day | 0.9 | No tier-1 licence listed | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Commission-based) | $10 | 1-5 business days | From 0.003% per trade | — | — | No tier-1 licence listed | ||
| 0.7 pips | $25 | 1-2 business days | $0 | — | — | No tier-1 licence listed | ||
| 0.0 pips (Edge) | $100 | 1-2 business days | $7/lot round-turn (Edge) | — | — | No tier-1 licence listed | ||
| 0.0 pips (ECN) | $50 | 1-2 business days | From ~$5/lot (ECN) | — | — | No tier-1 licence listed | ||
| 0.6 pips | $100 | 1-2 business days | None (spread-based) | — | — | No tier-1 licence listed | ||
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) | |
 | 0.0 pips (Prime) | 1.4 pips (Pro) | $10 | Instant for most electronic methods | — | — | — | FSC (Belize) |
Rank 01 · best overall
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
FX commission
$0 (spread only, confirm current terms)
Time to open account
—
USDJPY spread
—
Rank 02
Spread
0.0 pips (Raw) | 0.2 pips (Standard)
Min dep.
$1
Withdrawal
Instant
FX commission
—
Time to open account
—
USDJPY spread
—
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit Exness Read reviewRank 03
Spread
0.6
Min dep.
S$0
Withdrawal
2-5 business days
FX commission
None
Time to open account
Same day
USDJPY spread
0.7
Rank 04
Spread
0.6
Min dep.
S$3000
Withdrawal
1-2 business days
FX commission
None
Time to open account
1-2 days
USDJPY spread
0.6
Rank 05
Spread
1.2
Min dep.
S$0
Withdrawal
1-3 business days
FX commission
None
Time to open account
Same day
USDJPY spread
1.0
Rank 06
Spread
0.7
Min dep.
S$0
Withdrawal
1-2 business days
FX commission
None
Time to open account
Same day
USDJPY spread
0.7
Rank 07
Spread
0.8
Min dep.
S$150
Withdrawal
1-3 business days
FX commission
None
Time to open account
Same day
USDJPY spread
0.9
Rank 08
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
FX commission
$0 (Spread only on most products)
Time to open account
—
USDJPY spread
—
Rank 09
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
FX commission
From 0.003% per trade
Time to open account
—
USDJPY spread
—
Rank 10
Spread
0.7 pips
Min dep.
$25
Withdrawal
1-2 business days
FX commission
$0
Time to open account
—
USDJPY spread
—
Rank 11
Spread
0.0 pips (Edge)
Min dep.
$100
Withdrawal
1-2 business days
FX commission
$7/lot round-turn (Edge)
Time to open account
—
USDJPY spread
—
Rank 12
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
From ~$5/lot (ECN)
Time to open account
—
USDJPY spread
—
Rank 13
Spread
0.6 pips
Min dep.
$100
Withdrawal
1-2 business days
FX commission
None (spread-based)
Time to open account
—
USDJPY spread
—
Rank 14
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
—
Time to open account
—
USDJPY spread
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 15
Spread
0.0 pips (Prime) | 1.4 pips (Pro)
Min dep.
$10
Withdrawal
Instant for most electronic methods
FX commission
—
Time to open account
—
USDJPY spread
—
FSC (Belize)
Visit RoboForex Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50
TIO Markets Review Summary
TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.8/5.0
Best ForLow-cost traders, high-volume day traders & scalpers
Min Deposit$1
Exness Review Summary
Exness is a multi-regulated broker with MT4, MT5, Exness Terminal, Exness Trade App access, 0.0 pips (Raw) | 0.2 pips (Standard) on EUR/USD, and $1 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Ultra-tight spreads from 0.0 pips
- Instant automated withdrawals 24/7
- Unlimited leverage options
- Free VPS for active traders
Cons
- No cTrader or TradingView integration
- Educational resources are relatively basic
- Not available to US clients
Our Rating
4.5/5.0
Best ForBest overall forex broker in Singapore.
Min DepositS$0
IG Singapore Review Summary
IG Singapore is MAS-regulated and offers world-class trading platforms, excellent research, and over 17,000 markets accessible to Singaporean traders.
Pros
- Regulation varies by entity
- Minimum deposit: S$0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForPremium multi-asset trading for professionals.
Min DepositS$3000
Saxo Markets Review Summary
Saxo Markets Singapore provides access to 185 forex pairs plus global stocks, bonds, and derivatives through their award-winning SaxoTraderGO platform.
Pros
- Regulation varies by entity
- Minimum deposit: S$3000
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForTrusted forex specialist since 1996.
Min DepositS$0
OANDA Review Summary
OANDA is one of the oldest MAS-licensed forex brokers, known for transparent pricing, flexible position sizing, and reliable execution.
Pros
- Regulation varies by entity
- Minimum deposit: S$0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
Our Rating
4.5/5.0
Best ForNext-gen platform with 9,000+ instruments.
Min DepositS$0
CMC Markets Review Summary
CMC Markets Singapore offers their powerful Next Generation platform with extensive charting, pattern recognition, and over 330 forex pairs.
Pros
- Regulation varies by entity
- Minimum deposit: S$0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Plus500 Review Summary
Plus500 offers a user-friendly web-based platform for trading CFDs. Simple interface ideal for beginners, no commissions on trades.
Pros
- Regulation varies by entity
- Minimum deposit: S$150
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5
Deriv Review Summary
Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for zero-spread commission-based traders.
Min Deposit$10
Libertex Review Summary
Libertex is a multi-regulated broker with Libertex Web, Libertex Mobile, MT4, MT5 access, 0.0 pips (Commission-based) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for risk-averse traders & beginners who value fixed spreads + dealcancellation.
Min Deposit$25
easyMarkets Review Summary
easyMarkets is a multi-regulated broker with Proprietary, MT4, MT5, TradingView access, 0.7 pips (Fixed, VIP) | 1.5-1.8 pips (Standard) on EUR/USD, and $25 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $25
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Frequently Asked Questions About Forex Brokers in Singapore for
Frequently Asked Questions
Yes, forex trading is regulated by the Monetary Authority of Singapore (MAS). MAS-regulated brokers must meet strict capital requirements and maintain segregated client accounts.
Singapore has no capital gains tax, making it attractive for forex traders. However, if forex trading is your primary income source, it may be treated as taxable income. Consult a tax professional.
MAS does not impose strict leverage limits like ESMA. Many brokers offer up to 50:1 or higher for retail traders, though individual broker policies vary.
Yes, but using MAS-regulated brokers provides better local protection. ASIC and FCA-regulated brokers are also popular among Singaporean traders.
Many MAS-regulated brokers have no minimum deposit requirements. However, we recommend starting with at least S$500-1000 for proper risk management.
Top Searched Questions
How is forex trading regulated in Singapore?
The Monetary Authority of Singapore (MAS) regulates forex brokers under the Securities and Futures Act. MAS-licensed brokers must meet high capital requirements and maintain client fund segregation. Leverage is capped at 50:1 for retail clients. Singapore's regulatory framework is considered Tier-1 globally.
Information automatically localized based on "forex trading singapore" and related trends.
Sources & References
- Exness Accounts— Exness
- IG Forex Trading— IG
- Saxo Accounts— Saxo
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Related Broker Pages
Built from live category and sibling-page coverageBrowse Broker Features in Singapore
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.
How we measured this — forex brokers for Singapore traders
Across the 15 Forex brokers available to Singapore traders on this page, the median researched EUR/USD spread is 0.6 pips, ranging from 0.0 to 1.4 pips, with 11 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.6 pips
- Brokers measured
- 15
- Linked to broker spec
- 11 of 15
- Data as of
- 2026-09-04
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: ig.com · markets.com · oanda.com · cmcmarkets.com · tmgm.com · easy-markets.com · www2.deriv.me · libertex.org · cityindex.com · phillip.com.sg and 1 more published specification
What changes locally
- Oversight relevant to traders in Singapore sits with MAS.