Top Singapore Brokers for 2025
We found 11 online brokers that are appropriate for Trading Singapore.
Best Singapore Brokers Guide
Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - April 12, 2025
Singapore Financial Markets
Singapore Brokers
Trading in Singapore offers access to one of the most developed and well-regulated financial markets in the world. As a global financial hub, the country attracts both local and international investors looking to trade Forex, stocks, commodities, and CFDs in Singapore Dollars (SGD). With a strong regulatory framework and advanced financial infrastructure, Singapore provides a stable and secure trading environment.
The Monetary Authority of Singapore (MAS) is the primary regulatory body overseeing financial institutions, including brokers, banks, and insurance firms. It enforces strict guidelines to ensure market integrity, investor protection, and financial stability. Choosing a MAS-regulated broker is essential, as it guarantees compliance with stringent financial standards, reducing the risk of fraud and misconduct.
Investors in Singapore benefit from a wide selection of brokers offering competitive trading conditions, advanced trading platforms, and diverse asset classes. Additionally, the presence of the Singapore Exchange (SGX) further enhances market transparency and liquidity. Whether you're a retail or institutional trader, selecting a broker with transparent fees, strong security measures, and reliable customer support is key to a successful trading experience.
Best Singapore Brokers
IC Markets
IC Markets is renowned for its lightning-fast execution speeds—averaging just 40ms—which is especially beneficial for Singaporean traders operating in a fast-paced financial hub. With tight spreads starting from 0.0 pips, it’s ideal for scalpers and day traders in Singapore. The platform supports advanced tools like MT4, MT5, cTrader, and TradingView, and offers a free VPS for automated trading strategies, giving local traders the precision and versatility needed to access both regional and global markets.
RoboForex
RoboForex appeals to Singaporean traders with high leverage options and ultra-competitive spreads starting from zero. The platform’s seamless trading experience on MT4 and MT5, along with features like EA scripting for algorithmic trading, enables traders in Singapore to capitalize on rapid market movements, although they should remain mindful of the inherent risks associated with high leverage.
eToro
eToro stands out for Singaporean traders with its innovative CopyTrading feature, which allows users to mimic the strategies of successful investors. Boasting a vibrant global community, eToro’s user-friendly platform integrates social and traditional trading, offering Singapore-based investors a unique way to diversify their portfolios while benefiting from robust regulatory oversight by the FCA and CySEC.
XTB
XTB equips Singaporean traders with advanced research tools and comprehensive educational resources to boost market knowledge. With competitive spreads and a secure trading environment regulated by authorities such as the FCA and CySEC, XTB is well-suited for both novice and seasoned traders seeking to explore diverse trading opportunities in the region and beyond.
XM
XM offers a balanced platform tailored for Singaporean traders with exceptional customer support and multiple account types to suit different levels of experience. Regulated by ASIC, CySEC, and IFSC, XM provides access to a diverse range of trading instruments, making it an excellent choice for local traders who value reliability and a broad asset selection in a global market.
Pepperstone
Pepperstone is highly regarded among Singaporean traders for its exceptional customer service and competitive offerings. Supporting Forex as well as a variety of alternative asset classes, it delivers versatility for investors with diverse preferences. With regulation from top-tier authorities like the FCA and ASIC, Pepperstone ensures a reliable and comprehensive range of trading options for the dynamic Singapore market.
AvaTrade
AvaTrade offers Singaporean traders a flexible platform enhanced by social trading features such as AvaSocial. The AvaTradeGo mobile app makes it easy to trade on the move—a crucial advantage in Singapore’s fast-paced environment. With commission-free trading and diverse funding options, AvaTrade is an excellent choice for those who value both community insights and cost-efficiency.
FP Markets
FP Markets caters to Singaporean traders by offering advanced features on MetaTrader 4 and 5, optimized for efficient trading. Its competitive spreads and diverse range of trading options provide a tailored experience that merges cutting-edge technology with affordability, making it a solid choice for traders in Singapore looking to enhance their strategic approach in both local and international markets.
How Financial Trading Platforms Operate in Singapore
Singaporean brokers typically earn through low commission rates. Your broker will manage the technical aspects of trades, allowing you to operate without taking time off work. Brokers in Singapore generally charge less than their counterparts in other markets.
Singapore's capitalistic culture and favorable business environment make it an attractive destination for many U.S. investors. The country's favorable tax regime and legal environment encourage business growth, making it a prime location for opening new ventures.
Another advantage is Singapore’s strong currency, which enhances its appeal in Forex trading. The stability of the Singapore dollar (SGD) makes it a valuable asset for traders, leading to its growing use in global Forex markets.
Traders can benefit from the high availability of online resources in Singapore. Many trading companies offer free introductory courses, making it easy for beginners to get started. This accessibility makes Singaporean brokers popular among those looking to earn from home.
What is the Singapore Exchange?
The Singapore Exchange (SGX) is a leading financial marketplace known for its diverse range of trading services and advanced market infrastructure. As a key player in Singapore’s financial ecosystem, SGX operates businesses related to securities and derivatives trading, clearing services, futures, and central depository functions.
SGX plays a crucial role in the financial ecosystem by facilitating the trading of various financial instruments. This includes stocks, bonds, exchange-traded funds (ETFs), and derivatives, which cater to both individual and institutional investors. By providing a secure and efficient trading platform, SGX ensures transparency and integrity in the financial markets.
Beyond its core trading activities, SGX is involved in clearing and settlement services, which are essential for the smooth execution of trades and the management of financial transactions. The exchange's centralized depository system holds and manages securities on behalf of investors, ensuring safe custody and streamlined operations.
SGX is renowned for its commitment to innovation and technological advancements. It continually enhances its trading systems and infrastructure to meet the evolving needs of global investors. The exchange's initiatives include the adoption of cutting-edge technology for trading and clearing, as well as the introduction of new financial products and services to diversify investment opportunities.
What is the Straits Times Index (STI)?
The Straits Times Index (STI) tracks the top publicly traded companies on the Singapore Exchange (SGX). Launched in January 1985 as a capitalization-weighted index, it transitioned to a free-float weighted index on 3 March 2001. Currently, it includes 26 constituent stocks and 4 Global Depositary Receipt (GDR) baskets.
STI Weightage by Sector
The STI is diversified across various industries:
- 14 stocks from the Info-Communications & Media sector
- 9 stocks from the Financials sector
- 3 stocks from the Industrial sector (including Heavy Industry)
- 2 stocks from the Consumer Goods sector
- 7 stocks from the Consumer Services sector, including Retailers and Real Estate Investment Trusts (REITs)
Since 1 December 2002, GDR issuances with a total market capitalization of S$500 million or more have been included in the STI indices. GDR issuances from REITs are classified under the Consumer Goods sector.
What is the Singapore Stock Market (SSM)?
The Singapore Stock Market (SSM) serves as the country’s primary trading hub, encompassing both the Securities Trading & Clearing Corporation of Singapore (STCCS) and other affiliated markets. Unlike traditional exchanges, the SSM operates as an over-the-counter (OTC) market, where trades occur directly between buyers and sellers. Some publicly listed companies have foreign ownership restrictions, limiting the percentage of shares non-residents can hold.
Role of the Singapore Exchange
The Singapore Exchange (SGX) is the foundation of Singapore’s financial market, serving as the country’s primary trading hub for stocks, bonds, ETFs, and derivatives. Recognized for its efficiency and transparency, SGX attracts investors worldwide, offering a secure and well-regulated trading environment.
SGX’s global presence is reinforced by its international offices in key financial centers, including London, New York, Chicago, Hong Kong, Beijing, Shanghai, San Francisco, Mumbai, and Tokyo. This expansive network enables cross-border trading and enhances global investment opportunities, seamlessly connecting international investors to Singapore’s dynamic market.
Established in 1999 through the merger of the Singapore International Monetary Exchange (SIMEX) and the Stock Exchange of Singapore (SES), SGX has evolved into a leading exchange offering a broad range of financial instruments. These include stocks, warrants, exchange-traded funds (ETFs), American Depository Receipts (ADRs), and various other securities. This consolidation strengthened SGX’s ability to facilitate complex trading operations while catering to the diverse needs of global investors.
For traders in major financial centers or those exploring international markets, Singapore provides a robust and sophisticated trading ecosystem. The country's advanced financial infrastructure and strict regulatory framework make it easier for both local and international traders to find reliable Singapore-based brokers that meet their investment needs.
Trading Environment in Singapore
Singapore is a leading financial hub with a sophisticated trading environment and investor-friendly policies. The country offers a well-regulated market, advanced trading platforms, and diverse investment opportunities, making it an attractive destination for both local and international traders.
Trading Platforms and Technology
Singaporean brokers provide access to high-performance trading platforms equipped with fast execution speeds, real-time data, and advanced analytics. Popular platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and proprietary platforms developed by local brokers. Many brokers also offer mobile trading apps for seamless trading on the go.
Singapore Regulatory Framework
The Monetary Authority of Singapore (MAS) regulates all trading activities, ensuring brokers comply with strict financial and operational standards. MAS enforces rules on capital adequacy, financial transparency, and anti-money laundering (AML) policies to maintain market integrity and investor confidence.
Singapore Trading Accounts
Singaporean brokers offer various trading accounts tailored to different needs:
- Standard Accounts: Suitable for general trading, offering access to multiple financial instruments with standard margin requirements.
- Demo Accounts: Ideal for beginners, providing a risk-free environment to practice trading with virtual funds.
- Islamic Accounts: Sharia-compliant accounts that avoid interest-based transactions, adhering to Islamic finance principles.
- VIP Accounts: Designed for high-net-worth traders, offering lower spreads, premium services, and personalized support.
Singapore Investment Products
Singaporean brokers offer a diverse range of investment products, including:
- Stocks: Trade shares of leading Singaporean companies listed on the Singapore Exchange (SGX).
- ETFs: Gain diversified exposure to equities, bonds, and commodities through exchange-traded funds.
- REITs: Invest in real estate-backed assets with attractive yields.
- Forex: Trade currency pairs in Singapore's well-regulated forex market.
- CFDs: Speculate on asset price movements without owning the underlying asset.
Singapore Market Access
Singaporean brokers offer direct market access (DMA) to both local and international markets, enabling traders to diversify portfolios across different regions. High-frequency traders benefit from low-latency execution and competitive trading conditions.
Singapore Support and Education
Many brokers provide educational resources such as webinars, tutorials, and market analysis to help traders improve their skills. Additionally, dedicated customer support teams assist with technical and trading-related inquiries.
Singapore Tax Considerations
Singapore has a favorable tax environment for traders, with no capital gains tax on stock trading profits. However, depending on trading activity and residency status, other taxes such as income tax may apply.
To ensure market fairness and transparency, SGX operates its SGX QUEST trading software, which provides a secure and efficient trading environment.
Singapore Trading Opportunities
Singapore provides a wide range of investment opportunities across key sectors such as healthcare, energy, information technology (IT), and aviation. The country's strong economic growth and commitment to infrastructure development further enhance its appeal to investors.
Major Infrastructure Projects
Several large-scale projects are shaping Singapore's future economy, creating potential investment opportunities:
- Deep Tunnel Sewerage System (Phase 2): A large-scale wastewater management system, expected to be completed by 2025.
- Changi Airport Terminal 5: One of the most ambitious airport expansion projects, set for completion by 2030.
- Next Generation Port Vision (Tuas Terminal): A state-of-the-art port development designed to enhance Singapore's maritime sector, scheduled for completion by 2040.
These projects highlight Singapore's long-term commitment to economic expansion, technological innovation, and global connectivity, making it an attractive destination for investors.
Benefits of Investing in Singaporean Stocks
Investing in Singaporean stocks offers several advantages:
- Capital Gains: Singapore stocks such as DBS or UOB can appreciate over time, leading to capital gains when sold. In Singapore, these gains are tax-free. For example, if you buy DBS shares and sell them later at a profit, you incur no capital gains tax.
- Dividends: Shares in companies like Singtel provide returns through dividends paid from a company’s profits. Since Singaporean companies do not tax dividends, investors receive the full payout. For instance, receiving consistent quarterly dividends from Singtel can offer a steady passive income stream.
- Portfolio Diversification: With over 700 companies listed on the Singapore Stock Exchange, investors can diversify across various sectors such as finance, technology, and healthcare. Investing in a mix of stocks or ETFs like the Straits Times Index ETF helps spread risk effectively.
- Liquidity: Shares in Singapore markets are highly liquid, allowing investors to buy or sell easily through online trading platforms or broker services. For example, using platforms like DBS Vickers enables quick transactions when market conditions change.
- Transparency: Singaporean shares are listed on the Singapore Stock Exchange, which provides transparent market pricing and timely financial disclosures. This clear visibility helps investors make informed decisions. For instance, real-time data on stock performance is readily accessible through the SGX website.
Challenges in Trading in Singapore
While Singapore offers a robust trading environment, several challenges can impact investors and traders:
- Global Trade Disputes: Singapore's market is heavily influenced by global trade dynamics, especially with its main trading partner, China. Trade wars and tensions between major economies can affect market stability and investor sentiment.
- Economic Dependency: Singapore's economy is highly dependent on international trade. Economic slowdowns or policy changes in key partner countries can impact Singapore's market performance.
- Regulatory Complexity: Navigating the regulatory landscape can be challenging. Despite MAS's oversight, understanding compliance requirements and keeping up with regulatory changes can be demanding for both local and foreign investors.
- High Market Volatility: Singapore's financial markets can experience high volatility due to global economic conditions and geopolitical events. This volatility can lead to sudden market shifts, affecting investment returns.
- Cost of Living and Business Operations: Singapore is known for its high cost of living and business expenses. These costs can impact the profitability of investments and operations, especially for startups and small businesses.
- Limited Market Size: While Singapore is a significant financial hub, its market size is relatively small compared to other major financial centers. This can limit the diversity of investment opportunities and liquidity compared to larger markets.
- Legal and Insolvency Processes: The process of resolving insolvencies and legal disputes can be complex and time-consuming. This can be a barrier for investors facing financial difficulties or legal issues.
Benefits of Investing in Singaporean Stocks
Investing in Singaporean stocks offers significant capital gains potential, as stocks can appreciate over time. One of the key advantages of trading in Singapore is the absence of capital gains tax, allowing investors to maximize their returns when selling appreciated assets.
Another major benefit is dividends, which provide a steady income stream from company profits. Unlike in some countries, Singapore does not impose a tax on dividends, making dividend-paying stocks an attractive option for those seeking passive income.
Singapore's stock market also supports portfolio diversification, with over 700 listed companies spanning various sectors. Investors can spread risk by investing in different industries or exchange-traded funds (ETFs), ensuring a balanced and resilient investment portfolio.
The market’s high liquidity makes it easy for investors to buy and sell shares quickly. Whether trading online or through broker representatives, the ability to execute trades efficiently enhances investment flexibility and accessibility.
Additionally, the Singapore Stock Exchange (SGX) ensures transparency by providing real-time market prices and publicly available financial data. This transparency allows investors to make well-informed decisions when entering or exiting trades.
Challenges in Trading in Singapore
While Singapore provides a robust trading environment, several challenges can impact investors and traders. One of the key concerns is global trade disputes, as Singapore's market is heavily influenced by international trade dynamics, particularly with China. Trade wars and tensions between major economies can create uncertainty, affecting market stability and investor confidence.
Another challenge is economic dependency, as Singapore’s economy relies heavily on international trade. Any economic slowdown or policy shift in key trading partners can directly impact the performance of Singapore’s markets, making it vulnerable to external shocks.
The regulatory complexity in Singapore can also pose difficulties for investors. While the Monetary Authority of Singapore (MAS) ensures financial stability, keeping up with evolving compliance requirements can be demanding, especially for foreign investors unfamiliar with local regulations.
High market volatility is another factor that traders must consider. Global economic conditions and geopolitical events can lead to sudden price fluctuations, making it challenging for investors to predict market movements and manage risks effectively.
Singapore's high cost of living and business operations is another concern. Operating expenses, including taxes and property costs, can affect business profitability and investment returns, particularly for startups and small enterprises.
Despite being a major financial hub, Singapore has a limited market size compared to other global financial centers. This can restrict the diversity of investment opportunities and liquidity, especially for large-scale institutional investors seeking broader exposure.
Additionally, legal and insolvency processes in Singapore can be complex and time-consuming. Investors facing financial difficulties or legal disputes may find it challenging to navigate the system, adding another layer of risk to investing in the country.
Differences Between Singapore Markets and Global Markets
| Aspect | Singapore Markets | Global Markets |
|---|---|---|
| Market Size and Liquidity | Singapore's market is smaller in scale compared to major exchanges like the NYSE or NASDAQ. While liquidity is high within the region, it remains lower than that of global financial giants. | Global markets, particularly those in the U.S. and Europe, are significantly larger, with high liquidity and substantial daily trading volumes. |
| Regulatory Environment | Strictly overseen by the Monetary Authority of Singapore (MAS), ensuring strong investor protection, transparency, and adherence to global financial standards. | Each country has its own regulatory body, such as the SEC (U.S.), FCA (U.K.), and ESMA (Europe), leading to differences in compliance requirements and regulatory frameworks. |
| Market Hours | The Singapore Exchange (SGX) operates from 9:00 AM to 5:00 PM SGT, with a mid-day break from 12:00 PM to 1:00 PM for lunch. | Market hours vary worldwide. For example, the NYSE operates from 9:30 AM to 4:00 PM EST, and the LSE runs from 8:00 AM to 4:30 PM GMT. Some markets also offer extended or pre-market trading. |
| Types of Securities | Singapore offers a diverse range of instruments, including equities, ETFs, REITs, bonds, and derivatives. It has a strong emphasis on REITs and fixed-income investments. | Global markets provide a much wider variety of assets, including commodities, cryptocurrencies, options, futures, forex, and specialized financial instruments. |
| Market Access and Connectivity | SGX is well-connected regionally, facilitating cross-border investments, but its international reach is more limited compared to major global hubs. | Leading global markets offer extensive market access across continents, enabling seamless trading between different asset classes and jurisdictions. |
| Investment Opportunities | Singapore presents unique opportunities in real estate, banking, and technology. It has a growing startup ecosystem and government-backed initiatives to drive innovation. | Investors can access a highly diverse set of opportunities across various industries, including tech giants, renewable energy, healthcare, and emerging markets. |
| Taxation on Investments | Singapore does not impose capital gains tax on stock investments. However, certain types of investment income, such as foreign dividends, may be subject to withholding tax. | Taxation policies differ by country. Many global markets levy capital gains tax, dividend tax, and transaction fees, which can vary significantly based on jurisdiction and residency. |
Singapore Brokers' Offerings
Singapore brokers typically work with various organizations, often at higher fees. It's important to ask about fee structures whether they are monthly or annual and the specifics of any remortgages.
Ensure that fees are transparent and fair. Singaporean law requires brokers to disclose all applicable fees before any agreement is signed. The country is known for its technological advancements and efficient stock exchanges, which support global trading.
Singapore brokers offer comprehensive services for individual and corporate clients, including bonds, equities, and commercial property investments. Local and foreign accounts are available to suit different investment needs.
Choosing a Suitable Stock Broker for Singapore and Singaporeans
Selecting the right stock broker in Singapore is crucial for a smooth and efficient trading experience for Singaporeans. Several factors influence the choice of a broker, from costs and platform features to customer support and market access. Here’s what Singaporeans should consider:
Singapore Trading Fees and Charges for Singaporeans
Brokerage fees can significantly impact your overall returns, so it’s essential for Singaporeans to understand the commission structure. Most Singaporean brokers charge a percentage-based commission on trades, with a minimum fee per transaction. Some brokers offer discounted rates for high-volume traders or promotions that include commission waivers for new Singaporean clients. Additionally, consider other costs such as platform fees, account maintenance fees, and withdrawal charges, as these can add up over time.
Singapore Promotions and Incentives for Singaporeans
Many brokers in Singapore offer promotional deals to attract local traders, including commission-free trades, cash rebates, vouchers, or discounted trading fees. These incentives can provide significant savings, especially for active Singaporean traders. Be sure to check the terms and conditions, as some promotions are time-limited or require specific trading volumes to qualify.
Investment Products Offered by Brokers for Singaporeans
Different brokers in Singapore offer varying levels of access to investment products. While all Singaporean brokers provide access to stocks listed on the Singapore Exchange (SGX), some also offer exchange-traded funds (ETFs), real estate investment trusts (REITs), contracts for difference (CFDs), forex, and bonds. If you are a Singaporean planning to trade internationally, choose a broker that provides access to foreign markets such as the US, Hong Kong, or European exchanges.
Singapore Trading Tools and Platform Features
A well-designed trading platform is essential for executing trades efficiently. Look for brokers that provide advanced charting tools, technical indicators, customizable watchlists, and automated trading features specifically tailored for Singaporeans. Some platforms also offer mobile trading apps, allowing Singaporean traders to monitor and execute trades on the go. For beginners, a user-friendly interface with educational resources can be particularly beneficial.
Market Access and International Trading for Singaporeans
If you plan to trade beyond Singapore, ensure your broker provides access to global markets. Some Singaporean brokers offer direct market access (DMA) for international exchanges, enabling Singaporeans to buy and sell foreign securities with minimal latency. Consider factors such as forex conversion fees and settlement times, as these can affect the cost and efficiency of international trading for Singaporeans.
Singapore Research and Market Insights
Some brokers provide in-depth research reports, market analysis, and expert recommendations to help Singaporean traders make informed decisions. These insights can be particularly valuable for investors who rely on fundamental analysis. If you prefer a hands-off approach, some brokers also offer robo-advisory services or managed portfolios tailored for Singaporeans.
Singapore Customer Support and Local Language Assistance for Singaporeans
Reliable customer support is essential, especially when dealing with technical issues or trade-related inquiries. Look for brokers that offer multiple support channels, including phone, email, and live chat, ensuring that Singaporeans receive prompt assistance. Additionally, some brokers provide support in multiple languages, including Mandarin, Malay, Tamil, and other regional languages, ensuring that local Singaporeans can access assistance in their preferred language.
Singapore Regulatory Compliance
Ensure that the broker is regulated by the Monetary Authority of Singapore (MAS). MAS-regulated brokers must adhere to strict financial and operational standards, offering Singaporeans a high level of protection. Also, check whether the broker provides additional security features such as two-factor authentication (2FA) and segregated client funds to safeguard your investments, ensuring that Singaporean traders can trade with confidence.
Singapore Brokers Verdict
Singapore offers a vibrant and well-regulated financial market, making it an attractive destination for traders and investors. The country's brokers benefit from stringent regulatory oversight by the Monetary Authority of Singapore (MAS), ensuring a high standard of operational integrity and investor protection. This regulatory environment fosters confidence among investors, contributing to Singapore's reputation as a leading financial hub.
When selecting a broker in Singapore, it's crucial to evaluate their regulatory compliance, service offerings, and reputation. Reputable brokers are characterized by their transparency, competitive fees, and comprehensive support services. The availability of advanced trading tools and resources, such as research reports and educational materials, can significantly enhance the trading experience.
Singaporean brokers are known for their expertise in various financial markets, including Forex, stocks, and derivatives. They offer a range of account types and trading platforms to cater to diverse investor needs. Whether you are a novice trader or a seasoned investor, Singapore brokers provide valuable support to help you navigate the complexities of the financial markets.
Singapore's brokers are well-regarded for their professionalism and the high quality of their services. By carefully assessing your specific trading needs and comparing the offerings of different brokers, you can select a partner that aligns with your investment goals and provides a secure and efficient trading environment.
We have conducted extensive research and analysis on over multiple data points on Singapore Brokers to present you with a comprehensive guide that can help you find the most suitable Singapore Brokers. Below we shortlist what we think are the best singapore brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Singapore Brokers.
Trading in Singapore
When trading in Singapore you will need to chec what your options with your Singapore trading broker are.
We list below the various regulated trading account types available to traders in Singapore. If you are looking for a trading platform or broker in Singapore that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Singapore broker guide will explain the things you should check and be aware of before you invest.
Forex Trading in Singapore
You've probably noticed how Forex trading is really taking off in Singapore, right? Over the past half-dozen years or so, the trading volume in Singapore has been on a steady climb. It's like everyone in Singapore is getting in on the action. But traders in Singapore must understand the risks.
Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.
Modern software, more affordable mobile devices in Singapore and higher internet uptake in Singapore has increased competition for new trading clients among brokerages in Singapore, which has opened Forex trading to a new audience.
Is Forex Trading Legal in Singapore?
There's this common myth floating around that diving into Forex trading in Singapore is illegal, this is not the case, but Forex trading in Singapore is risky. Forex trading in Singapore is not a get rich quick scheme, you will be competing with people not just in Singapore, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Singapore that's not just reputable but also strictly regulated and allowed to offer services to traders in Singapore.
Trading in Forex is allowed in Singapore as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Singapore and investing internationally. Singapore Forex trading is not banned, their are many top-notch international online brokers available to traders in Singapore offering regulated trading environments.
Do Forex Traders Pay Tax in Singapore?
Once a traders profits reach a level where the income on the Forex trading can be taxed in Singapore the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Singapore. You've must file taxes in Singapore even if the markets chewed you up and you spat out losses this year. Also in Singapore you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Singapore who knows the ins and outs of the tax labyrinth in Singapore. In Singapore, Islamic accounts are not restricted.
Cryptocurrencies in Singapore
Here in Singapore, the crypto scene is still pretty new, and cryptocurrency in Singapore is getting more and more tangled up in the local financial regulatory rule in Singapore. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Singapore, they're not as rattled by interest rate shifts or the political drama in Singapore that's always on the news. Crypto in Singapore is a different beast altogether.
You know, with the surge of younger traders in Singapore, who are not only tech-savvy but also starting to speculate with decent money in Singapore, there's a noticeable shift happening in Singapore towards the crypto market (which is highly volitle and high risk in Singapore). Cryptocurrency traders in Singapore contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
Commodity Trading in Singapore
In Singapore commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Singapore since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Singapore are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Singapore here.
Islamic Accounts in Singapore
Singapore brokers support Islamic accounts or swap-free accounts. Singapore Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Singapore offer accounts that are suitable for Islamic traders. These Singapore brokers complies with Sharia law.
Benefits of Trading in Singapore
Singapore economy and population is growing. The middle class population in Singapore is increasing which means a growing consumer base. Many business and financial opportunities exist in Singapore. Singapore has a young population educated in technology and the internet.
Concerns of Trading in Singapore
Singapore digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Singapore guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Singapore Brokers offering high leverage trades in Singapore can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Singapore brokers offer as a level of protection. you can learn more about further below on this guide.
Reputable Singapore Brokers Checklist
Selecting a reliable and reputable online Singapore trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Singapore more confidently.
Selecting the right online Singapore trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Singapore broker has a solid track record of at least two years in the industry.
- Verify that the Singapore broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Singapore broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Singapore broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Singapore brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Singapore broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Singapore broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Singapore Brokers in Our Brokerage Comparison Table
When choosing a broker for singapore trading, it's essential to compare the different options available to you. Our singapore brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each singapore broker.
- The funding methods available for singapore with each broker.
- The types of instruments you can trade with each singapore broker, such as forex, stocks, commodities, and indices.
- The trading platforms each singapore broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each singapore broker affects the cost of trading.
- The level of customer support each singapore broker offers, including their availability, responsiveness, and quality of service.
- Whether each singapore broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a singapore broker that best suits your needs and preferences for singapore. Our singapore broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Singapore Brokers of 2025 compared
Here are the top Singapore Brokers (SG).
Compare singapore brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a singapore broker, it's crucial to compare several factors to choose the right one for your singapore needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are singapore brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more singapore brokers that accept singapore clients.
| Broker |
IC Markets
|
Roboforex
|
XTB
|
XM
|
Pepperstone
|
FP Markets
|
EasyMarkets
|
SpreadEx
|
FXPro
|
ThinkMarkets
|
FXPrimus
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating | |||||||||||
| locality | IC Markets accept Singapore clients | Roboforex accept Singapore clients | XTB accept Singapore clients | XM accept Singapore clients | Pepperstone accept Singapore clients | FP Markets accept Singapore clients | easyMarkets accept Singapore clients | SpreadEx accept Singapore clients | FxPro accept Singapore clients | ThinkMarkets accept Singapore clients | FXPrimus accept Singapore clients |
| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) |
| Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 25 | No minimum deposit | 100 | 50 | 15 |
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| Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 450,000+ | 300,000+ |
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| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Sign
Up with thinkmarkets |
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Up with fxprimus |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
ThinkMarkets Demo |
FXPrimus Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
All Singapore brokers in more detail
You can compare Singapore Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Singapore Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Singapore brokers below.
Singapore Brokers Table of Contents
- Financial Markets in Singapore
- Online Trading in Singapore
- Forex Trading in Singapore
- Is Forex Trading Legal in Singapore
- Do Forex Traders Pay Tax in Singapore
- Cryptocurrencies in Singapore
- Commodity Trading in Singapore
- Islamic Accounts in Singapore
- Benefits of Trading in Singapore
- Concerns of Trading in Singapore
- Singapore Brokers Explained
- 6 Factors to Consider when Choosing Singapore Brokers
- Are Your Singapore Brokers Trusted And Established?
- Are The Singapore Brokers World Leading?
- What are the Singapore Brokers Commissions and Fees?
- What are the Singapore Brokers Funding and Withdrawl Methods?
- Find Singapore Brokers with Round-the-clock support?
- Make sure the Singapore Brokers Offer Comprehensive Trader resources?
- Why Singapore Brokers needs to be regulated?
- Singapore Brokers FAQ
- What are the best Singapore brokers?
- What is the best Singap broker?
- Is Forex Trading Legal in Singapore?
- Do Forex Traders Pay Tax in Singapore?
- How do you trade Forex or CFDs in Singapore?
- Related Singapore Brokers Reviews
- Related Singapore Brokers Alternatives
- Related Singapore Brokers Comparisons
Singapore Brokers Explained
Trading volatile financial markets with Singapore Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Singapore Brokers to ensure a successful trading experience.
Selecting Singapore Brokers at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Singapore markets effectively.
Reliability is key to gaining access to financial markets. Look for Singapore Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Singapore Brokers confidently.
6 Factors to Consider when Choosing Singapore Brokers
Follow these five rules for selecting Singapore Brokers that are right for you:
Are Your Singapore Brokers Trusted And Established?
Search for a reputable Singapore Brokers with a extensive proven track record for Singapore, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Singapore broker is IC Markets. Established in 2007, and in operation for 18 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 16 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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FP Markets
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EasyMarkets
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SpreadEx
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| Year Established | 2007 | 2009 | 2002 | 2009 | 2010 | 2005 | 2001 | 1999 |
| Head Office | Australia | Belize | Poland | Cyprus | Australia | Australia | Cyprus, Australia | UK |
| Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) |
| Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | Yes | No | Yes | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit FP Markets | Visit easyMarkets | Visit SpreadEx |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Are The Singapore Brokers World Leading?
Opt for Singapore Brokers that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Singapore Brokers is Roboforex. Roboforex Segregates clients funds and offers over 12000 instruments.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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FP Markets
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EasyMarkets
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SpreadEx
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| Instruments Available | 2250 | 12000 | 6000 | 1000 | 1200 | 10000 | 275 | 10000 |
| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 70 | 150 | 55 |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 70 | 150 | 55 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | No | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 21 | 15 | 16 | 18 | 12 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 1696 | 160 | 1100 | 10000 | 52 | 1000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Singapore Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Singapore broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Singapore broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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FP Markets
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EasyMarkets
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SpreadEx
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| Min Deposit | 200 | 10 | 0 | 5 | 0 | 100 | 25 | 0 |
| Withdrawl Fees | No | No | Yes | No | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | No | No | No | No |
| Deposit Fees | No | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | Yes | No | Yes | Yes | No | No |
What are the Singapore Brokers Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Singapore Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Singapore Brokers.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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FP Markets
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EasyMarkets
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SpreadEx
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | No | Yes | Yes | No | No |
| Skrill | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Payoneer | No | Yes | Yes | No | Yes | No | No | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
Find Singapore Brokers with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Singapore Brokers.
Singapore Brokers customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Singapore Brokers can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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FP Markets
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EasyMarkets
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SpreadEx
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | English, German, Arabic, Chinese, Spanish and Polish | English |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit FP Markets | Visit easyMarkets | Visit SpreadEx |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Make sure the Singapore Brokers Offer Comprehensive Trader resources?
It's important to ensure your Singapore Brokers provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Singapore Brokers. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Singapore Brokers.
Why Singapore Brokers needs to be regulated?
Regulated Singapore Brokers lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Singapore Brokers.
Consumers are protected by Singapore Brokers regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Singapore Brokers is necessary to prevent fraud. The Singapore Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Singapore Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Singapore Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading CentralCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), WindowsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile AppsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingViewCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits