Best Forex brokers in Singapore

Singapore Forex Brokers, the Southeast Asia region is well-known for its recent world’s trading hub and economy to become one of the most popular and leading Forex centers. The daily trading volumes are large and consistently growing within the Singapore operations.

It attracts numerous international traders or investors with its trading brokers or companies. Numerous Singapore institutions and financial companies will follow the operations under the supervision of the Monetary Authority of Singapore (MAS) and the development of financial regulatory.

As per the country regulations, the investment company should submit their respective MAS license for authorization before starting its operation.

In 1971, the Central Bank of Singapore has incorporated the MAS to offer unparalleled protection and financial services supervision to trader or investors.

Most of the Singapore Forex brokers are well-known across the globe and can provide proper regulations to deliver a strong reputation and trading service within the Asian marketplace. Regulation, another important factor that should be considered before choosing the top singapore Forex broker. If you are a new trader or investor, it is advisable to try using the demo account to understand the trading services.

Best Forex Brokers in Singapore 2021

Find below the list of best Forex brokers in Singapore to start your trading business:

1. XM – User’s Choice Of 2021 (Check this Joining bonus here )

Singapore forex brokers

In 2009, the XM Forex broker was established its operations to serve numerous traders across 196 countries. This is one of the most-trusted regulated Forex brokers within the industry to support the clients with 30 languages. The headquarters is placed in Cyprus and also regulated under CySEC. XM covers the global support and other offices operating from MENA, Dubai, Greece, Belize, UK, and Australia.

XM has numerous investors and traders to utilize various trading products. They also offer the best and advanced trading solutions, especially for the beginner. XM will provide the best user experience within the industry by creating trust across the clients. The minimum deposit for the Forex trading is $5.


  • Competitive trading conditions
  • The Global expansion includes Africa, MENA, and Asia regions
  • Numerous trading opportunities
  • A strong establishment with various regulated brokers


  • The Crypto, Forex, and CFDs products are available to trade only for European clients

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2. Plus 500

Plus 500

Plus 500 is another best leading Forex and CFD trading platform to offer support for Forex, Cryptocurrencies, Indices, and Stocks. The brokerage charges for commission-free are low spread-rates & also provide fast trading across the platform. Plus 500 will support negative balance protection and complex trades for making the trade profitable venture and also educational.

Traders are allowed to register for a free demo account for testing the trading strategy or the trading platform. The leverage for real money accounts will be 1:30. The Plus 500 Forex broker is regulated by the UK FCA and located in Israel. The minimum deposit for the Forex trading is $100.


  • Publicly listed and licensed under various regulatory hubs
  • Fast execution and advanced trades
  • Low spread costs and no commission
  • Numerous trading products such as Cryptocurrency CFDs, Indices, Shares, Commodities, and Forex


  • Fewer research data
  • High rates on leverage or margin account

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3. BTF Prime

BTF Prime

BTF Prime is another most popular CFD & Forex broker to offer various trading solutions for new traders or scalpers to the trading market. They provide superior liquidity, low latency connectivity, and cutting-edge trading platforms to its clients. BTF Prime is creating a new concept for online Forex trading. Traders or investors can gain access to available high net-worth individuals and investment banks. The minimum deposit for the Forex trading using the VIP account is $10,000, PRO account is $1,000, and the Standard account is $100.


  • Regulated under various services such as CySEC, CIMA, and FCA (Financial Conduct Authority)
  • Respectable research
  • Affordable pricing


  • Expensive MT4 trading
  • Not regulated under ASIC

4. Oanda

Singapore Oanda

Oanda is another most pioneer and leading online Forex brokers across the globe and founded in 1990. The founders of this company are Dr. Richard Olsen and Dr. Michael Stumm. In 2001, they launched the FXTrade, the online Forex trading platform, and the first fully-automated trading platform.

Oanda has groomed to the next level and able to handle numerous queries a day. As per the investigation, the 20% global traders are utilizing the Onada’ servers for the Forex trading business. The minimum deposit for the Forex trading is $0.


  • Tight Spreads and reputable broker
  • Quality support and execution
  • Simple & powerful to use the Forex trading platforms
  • Affordable pricing
  • Innovative Trading practices


  • Supplied Charting package should improve
  • The MT4 platform is not supported

5. HXFX Global

HXFX Global

HXFX Global is another global Forex broker that holds licenses from three different financial institutions. The traders are allowed to access the MT4 trading platform with three different account types. However, the traders are not allowed to register for a demo account. As per the investigation, the HXFX Global group doesn’t have its own license within the regulatory status.
But the Rhino Smart Private Ltd, HXFX Global group’s other company is already registered under the ASIC (Australian Securities & Investment Commission) as an AR (Authorized Representative). The company is allowed with legal operations within the trading industry. The minimum deposit for the Forex trading is $20.


  • Leverage level up to a maximum of 1:500
  • Not bad spreads and available to use MT4 trading platform
  • Legal operations


  • Demo accounts are not available
  • Forex broker license is not credible

6. IG

IG Forex

IG Forex broker is trusted and regulated across the world to offer various features for traders. They are competitive rates, industry-leading education, excellent research & trading tools, a wide range of tradeable products, and many more. It also provides the best trading tools and platforms. The entire experience levels are served with trading techniques and widespread functionality.
IG offers numerous tradeable assets for Forex trading or investing in exchange-traded securities worldwide. It is one of the most popular and leading Forex brokers due to its competitive spreads and powerful research tools. The minimum deposit for Forex trading is $0.


  • Affordable pricing
  • Numerous trading assets
  • Powerful research tools


  • Limited product portfolio
  • High stock CFD fees

7. CMC Markets

cmc markets fx

CMC Markets will offer competitive spreads across the vast range of bet sizes and larger trade. Different dedicated sites are highlighted with a commitment to commitment levels and higher skill for institutions and professionals. You can view the higher-level features like retail accounts offering, free API interface, rebates, and many more.

The account holders can access various advanced features, free bank wire withdrawals, guaranteed stop losses, etc. The multiple review categories will lift the broker to groom within the trading industry. The minimum deposit for Forex trading is $0.


  • Real-time research and news
  • Refined order types
  • A wide range of product catalog


  • Social or copy trading platform is not allowed
  • Limited security features

8. Interactive Brokers

Interactive brokers singapore

IBKR, Interactive Brokers is headquartered in the U.S. and offers the numerous options of top-most regulatory licenses. It is well-suited for professional investors or traders. Interactive Brokers will provide access to US-traded Bitcoin futures, worldwide exchange-traded products, numerous Forex currency pairs, CFDs, and many more. The traders can easily access to various market centers located across multiple countries. The minimum deposit for Forex trading is $0.


  • Investors are allowed to trade with numerous worldwide exchanges
  • High regulated
  • A vast range of products


  • High volume traders are benefited by the commission structure
  • Only bank transfer is accepted for funding & withdrawals

9. Swissquote

swiss quote

Swiss quote is another best Forex broker in Singapore to offer the traders or investors to use the multi-asset solution with a premium package provided by the Swiss Bank. This Forex broker will offer the industry-standard features such as blog commentary, economic calendar, and streaming new headlines with high-quality.

When compared to other Forex brokers, Swissquote will allow the traders for accessing the AutoChartist and Trading Central. They are the most popular providers in terms of trading signals and automated chart pattern analysis. The minimum deposit for Forex trading is $0.


  • The research tools are excellent and helpful
  • Numerous options of trading assets
  • Regulated and reputable


  • It is not free to utilize some research tools.
  • Expensive trading fees

10. Saxo Markets



Saxo Bank Markets will offer the best reliable customer service, brilliant research, excellent trading platforms, and competitive pricing. However, the minimum deposit for the trading business is $10,000 (500 GBP), which is higher when compared to other Forex trading brokers. They will offer numerous instruments for investors to trade.

The traders are advised to utilize only the proprietary trading platforms offered by the Saxo Bank markets. The SaxoTraderPro (Desktop version) and SaxoTraderGo (Web version) will set the benchmarks by providing robust trading tools and streamlined designs. With its affordable minimum deposit, the traders can utilize the complete package from the Saxo Bank to trust for trading with a global brand.


  • Impressive news and research
  • No withdrawal fees
  • Comprehensive regulation


  • It is available to utilize only the proprietary trading platform.
  • The minimum deposit is high


There are numerous Forex brokers available across the online platform and it is more important for a Singapore trader to select the best reliable SG Forex broker. You should trade with concentration and peace of mind to utilize your trading strategy. Refer to the above-mentioned article to know the best Forex broker in Singapore for starting your trading business. If you are confident then first, try the demo account to know its features and functionalities for trading.