To determine the best forex brokers in Singapore, I compared more than 30 candidates. My aim was to discover who provides the lowest trading costs with the best trading conditions. Ad disclosure: we may be paid when you click a partner link. Who are the top 10 best forex brokers In Singapore? Of the 30+ brokers tested, only top 10 made it to this list. I opened accounts and tested each one, gathering technical data like average spreads to find which brokers truly save you money. Pepperstone topped the rankings with zero-pip spreads and 77ms execution speeds across 94 forex pairs. As of September 2026, my list of the best forex trading platforms in Singapore is: Pepperstone - Best Forex Broker In Singapore Eightcap - Best Broker For Crypto Trading Interactive Brokers - Good Choice For Professionals GO Markets - Lowest Commission RAW Account FOREX.com - Trusted Multi Regulated Broker CMC Markets - Top Choice Of Currency Pairs Saxo Markets - Best Forex Trading Platform IG Group - Largest Range Of Products Plus500 - Best Islamic Account Broker comparison table Read the full Pepperstone review EUR/USD = 0.1 GBP/USD = 0.2 AUD/USD = 0.1 MT4, MT5, cTrader, TradingView, Pepperstone Trading App Minimum deposit Pepperstone outperformed in every category I tested. Particular standouts for me were trading costs and execution speeds (77ms), two key attributes of the best brokers. This is why I rated them 98/100. The Razor account is my favourite here, as you can receive zero-pip spreads on the EUR/USD pair. Plus, I found that the commission is low, which will help reduce your trading costs. You can access 5 trading platforms, including top software like MT4 and TradingView. With these platforms, you can trade 2,400+ markets, including 94 pairs in the forex market. Best overall trading experience Lowest EUR/USD spreads Top-tier liquidity and fast execution Industry-leading platform range SGD base currency trading accounts Non-MAS regulated broker Doesn’t offer spot trading Demo account only for 30 days No local office in Singapore 0 pip Spreads On The Razor Account The first thing I noticed when accessing Pepperstone’s markets was the tight spreads on its Razor account. The spread for EUR/USD was particularly impressive, remaining at 0.0 pips. This was supported by my analyst, Ross Collins, who tested the broker’s spreads using SpreadMonitor EA on his MT4 platform. He confirmed that EUR/USD stayed at zero pips 100% of the time. Ross also uncovered other impressive results. “I also found that the other major pairs like USD/JPY stayed at their minimum spreads during my tests,” Ross said. “This makes Pepperstone’s Razor account the best choice for the tightest spreads in Singapore.” Fast Execution Speeds For Improved Trading Conditions Pepperstone is an ECN broker, so the broker can offer zero-pip spreads. It also helps optimise Pepperstone’s execution speeds. Ross captured the average execution speeds across 36 brokers using his MT4 platform. Broker Latency Tester & ExTest_ForExpat EAs were activated too, to record the speeds. His findings placed Pepperstone as the 3rd fastest broker overall, with limit orders averaging 77ms. This will help make sure your trades are filled at your expected price, while also supporting accurate stop-loss and take profit orders. The average market order speed is 100ms. Anything under 100ms is excellent in my opinion, especially for scalping. Decent Range of Trading Platforms I like that the broker offers multiple platforms, which include MT4, MT5, cTrader, Pepperstone Platform, and TradingView. If you like to analyse trade volumes, MT5, cTrader, and TradingView are solid options. You can use Pepperstone’s ECN network for accurate tick data and depth of markets tools. Pepperstone Review Visit Pepperstone *Your capital is at risk ‘80.1% of retail CFD accounts lose money’ Read the full Eightcap review EUR/USD = 0.0 GBP/USD = 0.1 AUD/USD = 0.2 MT4, MT5, TradingView Minimum deposit Eightcap topped my list because of its impressive selection of 141+ cryptocurrency products, almost 10 times more than many other brokers in Singapore. Outside of crypto, I like that Eightcap has a decent range of markets covering forex and share CFDs, while offering low spreads from 0.0 pips on its RAW account. You also have a choice of top platforms, including TradingView, MT5, and MT4. Wide range of cryptocurrencies and stocks. Commission-free trading. Low minimum deposit and free deposits and withdrawals. 24-hour customer service They are not regulated by the MAS No demo account with TradingView Low commodities selection No proprietary trading platform Largest Range of Crypto Markets Eightcap produced the best range of 400+ instruments, covering the major markets and an impressive suite of 141+ cryptocurrencies. This is why I gave them 10/10 in my tests. For traditional markets, the broker offers 56 forex pairs and 360+ share CFDs, providing plenty of opportunities for day trading. If you want to trade cryptocurrencies, I think Eightcap is the best choice in Singapore. Eightcap offers the largest collection of crypto markets with more than 141, ranging from Bitcoin and Ripple to altcoins like DOGECOIN and PEPE. As you can see in my table below, Eightcap far exceeds the crypto ranges of top brokers like Pepperstone and Octa: Low Trading Fees Trading fees on Eightcap are competitive, with my tests showing that Eightcap’s RAW account averages 0.20 pips on EUR/USD. This is than the industry average of 0.27 pips. Commission on the RAW account is $3.50 per lot traded, which is what I’d expect from most forex brokers. You do have the option of spread-only pricing through the Standard account, which I think is slightly more expensive than the RAW account once you’ve taken the commission into account. I found the Standard spreads averaged 1.16 pips, slightly more than the industry average. Trade with TradingView, MT4, and MT5. The Standard account is the only option on the TradingView platform. This, unfortunately, means you miss out on the tighter RAW spreads. That said, TradingView’s 110+ indicators do slightly counterbalance this, many forex traders may still want to opt for TradingView here. With a RAW account, you can use MetaTrader 4 and MetaTrader 5. Not sure which trading platform suits you? I developed a tool to help. Just answer 5 simple questions, and find the platform that best matches your needs. Try it below: 3. Interactive Brokers Read the full Interactive Brokers review EUR/USD = N/A GBP/USD = N/A AUD/USD = N/A IBKR Workstation, IBKR Global Trader, IBKR Mobile Minimum deposit If you trade professionally, Interactive Brokers easily stands out as a good choice, with its advanced trading platforms and volume-based trading costs. These costs can go as low as $1 each way. Just bear in mind retail users won’t be able to trade on these commissions. In 2026, Interactive Brokers upgraded its platforms, which are more user-friendly now after taking inspiration from TradingView’s interface. These platforms still pack advanced tools like Level II pricing and MultiSort Screener, very useful as you trade the broker’s 70,000+ markets. One of the largest brokers in the world, and listed on the NASDAQ. Only true ECN broker in Singapore. Low commissions based on trading volume Four proprietary trading platforms No available third-party trading platforms such as MetaTrader or cTrader Difficult to switch trading platforms Low levels of leverage Lowest Trading Costs For Experienced Traders I found Interactive Brokers offers some of the lowest trading costs I’ve tested. These can be as low as $1 each way for commissions, or $2 per trade. This beats the industry average of $3.50 by around 42%. You can access spreads as low as 0.1 pips. However, there’s a catch, you’ll need a trading volume of over $5 billion per month. No retail trader is going to meet this. Another catch is that these minimums are applied to smaller lot sizes too. If you’re trading anything less than 1 full lot, the saving isn’t quite so impressive. This is one of the reasons I recommend other brokers like Octa instead. Upgraded And Easier To Use IBKR Platforms The trading platforms on Interactive Brokers are brilliant if you can work with them. The IBKR platforms have been redesigned and have taken inspiration from platforms like TradingView and cTrader, in other words, they’re more user-friendly. I found these platforms offer lots of technical indicators, while providing Level II pricing and professional ladder trading features. These platforms are powerful for professional traders, with the MultiSort Screener letting you find opportunities from 70,000 stocks that meet your requirements. This makes it easy to find daily trading opportunities. Read the full Go Markets review EUR/USD = 0.1 GBP/USD = 0.2 AUD/USD = 0.2 MT4, MT5, cTrader, TradingView, Go Markets Trading App Minimum deposit I gave Go Markets a strong 78/100 score, after finding the cheapest retail commissions in Singapore from the broker. With $2.50 per lot traded, you can save an average of 28% on your fees without needing a special account. If you’re a high-volume trader, Go Markets can reduce your fees by up to 30% through its rebate program. While Interactive Brokers does beat this commission, IB is really only offering this to professional traders. Go Markets makes low commissions available to everyone. I found the broker offers a decent range of trading platforms including cTrader, MT4, and MT5 while also giving you access to 1,200+ markets, ideal for day trading. Lowest commission and tight spreads Offers SGD as a base currency Access to full MetaTrader suite along with Genesis upgrade Offers social trading (Myfxbook) and specialist trading platforms (Trading Central and AutoChartist) No MAS license. No Swap-Free or Islamic Account. No customer support on weekends A relatively narrow range of trading instruments Low Commissions On the Raw Account I rated GO Markets highly for its low commissions on the RAW account, at $2.50 per lot traded. On average, I found you’ll save 28% on your trading fees, which is significant if you day trade. If you trade less than 1 lot, this is the broker to choose for lower trading commissions. I like having the added benefit of accessing popular platforms like MT4, MetaTrader 5, and cTrader, so you can customise your trading set-up to suit your trading style. Spreads On the MT5 Platform While using the MT5 platform, the spreads on the RAW account weren’t the cheapest. Ross tested the average RAW spreads of 15 brokers using the IceFX SpreadMonitor and found Go Markets offered an average of 0.38 pips. This is slightly more expensive than our industry average of 0.27 pips. Avg. spreads are taken from each broker's website and updated monthly. Last update on 1 Sep 2026 However, the $1 per lot saving on your commissions makes up for the wider spreads in my opinion. If you trade more than $10,000,000 notional value (so 100 lots) per month, you can save up to 30% on your spread and commission fees. I like it when brokers reward you for trading, especially in high volumes. The improved prices will boost your bottom line, helping you take more of your profits home. Read the full FOREX.com review EUR/USD = 1.2 GBP/USD = 1.5 AUD/USD = 1.3 MT4, TradingView, FOREX.com Web Trader Minimum deposit I rate FOREX.com here for the breadth of its regulation and platform choice. It holds a MAS licence in Singapore alongside the FCA, ASIC and CFTC, and it is owned by the NYSE-listed StoneX group, so you are dealing with a heavily regulated, well-capitalised broker. You can trade on MetaTrader 4, TradingView or the FOREX.com Web Trader, with spread-only pricing on the standard account or near-zero spreads plus a commission on the RAW Pricing account. There are over 80 currency pairs along with indices, commodities and shares. Regulated by the MAS Wide range of trading instruments Great execution speeds Excellent knowledge base Does not offer MetaTrader 5 or cTrader Customer service unavailable on weekends Does not offer SGD as a base currency Flexible Platforms And Pricing FOREX.com lets you choose how you trade. MetaTrader 4 handles EAs and automated strategies, TradingView suits chart-led traders, and the in-house Web Trader keeps things simple for newer traders. The standard account is commission-free with the cost in the spread, around 1.2 pips on EUR/USD, while the RAW Pricing account tightens spreads to near zero and adds a commission. FOREX.com does not run a third-party copy-trading network, so it best suits traders who want to manage their own positions. Read the full CMC Markets review EUR/USD = 0.5 GBP/USD = 0.9 AUD/USD = 0.6 Minimum deposit CMC Markets is my top pick for forex trading. With access to 283 currency pairs, the broker offers the largest collection out of the candidates I tested. The FX Active account is a great choice if you only trade forex, as this gives you tight spreads from 0.0 pips and $2.50 per lot commission. However, this account is only cheaper for forex trading. I awarded CMC Markets 68/100 in my tests thanks to its large selection of 12,000+ markets and the CMC NGEN platform. This platform provides excellent trading tools like pattern recognition software. Wide range of trading instruments. Regulated by the MAS High-quality educational materials for traders to learn Great proprietary trading platform Does not offer any swap-free account Costly raw spreads compared to other brokers Does not offer MetaTrader 5, cTrader, or TradingView Slow execution speeds according to our tests Trade The Largest Collection Of Currency Pairs CMC Markets has the largest collection of currency pairs with over 283 pairs, the most out of any of the brokers I’ve tested. This is almost three times the amount offered by IG Groups, and four times the industry average, as you can see from my findings below: The broker’s range is ideal if you trade forex as it allows you to trade the most exotic pairs (including SGD crosses). So you can benefit from local economic news. FX Active Makes Forex Trading Cheaper CMC Markets offers its FX Active account, which will lower your trading costs if you trade forex. I found spreads from 0.0 pips with commissions of $2.50 per lot traded, which is cheaper than the broker’s Standard account.

If you want to trade more than forex, the Standard account offers some of the best spreads without commissions, according to my analyst Ross Collins. To get this data, Ross tested 15 Standard accounts using the IceFX SpreadMonitor EA to capture the spreads. In Ross’ tests, CMC Markets averaged 0.80 pips on EUR/USD, 27% cheaper than the industry average spreads of 1.11 pips. CMC Markets also outperformed the industry with its spreads on AUD/USD, GBP/USD, USD/CHF, and USD/JPY as you can see below: Avg. spreads are taken from each broker's website and updated monthly. Last update on 1 Sep 2026 Trade 12,000+ Markets With CMC Markets CMC Markets also offers a wide range of trading products, covering 12,000+ markets. On the CMC Markets NGEN platform, I found the broker offers 39 cryptocurrencies, 34 indices, 1,247 ETFs, 10,000+ stocks, 33 commodities, and 233 CFD Forwards. 7. Saxo Markets Read the full Saxo Markets review EUR/USD = 1.1 GBP/USD = 1.8 AUD/USD = 1.1 SaxoTrader, SaxoInvestor, TradingView Minimum deposit I found Saxo Markets’ SaxoTrader to be the best forex trading platform, thanks to its deep charting package and technical analysis tools. You also get access to Saxo Markets’ professional analyst research, which I found helpful for quickly understanding current market conditions. On SaxoTrader, you have access to more than 71,000 instruments, combined with its professional analyst research and trading signals, making Saxo Markets a decent broker for day traders. Licensed by the MAS Wide range of trading instruments Offers proprietary trading platforms No minimum deposit required No MetaTrader 4, MetaTrader 5 or cTrader, so no off-the-shelf expert advisor support Spreads are average when compared to other brokers Annual custody fee on share, ETF and bond positions unless you opt into securities lending Crypto access is limited to six crypto FX pairs plus exchange-traded products SaxoTrader Is A Solid Trading Platform In my testing, I used the SaxoTrader platform to experience what Saxo Markets offers. I found that SaxoTrader carries a deep charting package, including Ichimoku, VWAP, and Bollinger Bands, which is more than the basic versions of third-party platforms. To help with forex trading, I like that Saxo Markets has trading signals. These show you the exact chart pattern, and add a forecast on your chart. Even better, you can trade the signal directly from charts, preventing mistakes from copying the price levels and saving you time. Expert Analysis From Saxo Markets What stood out for me was the technical analysis commentary provided by Saxo’s analysts, which is provided in real time. I found the depth of the analysis was comprehensive, not like other brokers who provide generalised updates. Instead, the commentary is insightful and actionable. The one negative I found is that Saxo Markets supports neither MetaTrader nor cTrader, so you cannot run off-the-shelf expert advisors. Automation has to go through Saxo’s OpenAPI or a third-party plugin such as MultiCharts. If you prefer TradingView, Saxo Markets lets you sync your account with the platform. Trade A Large Range of Markets On SaxoTrader SaxoTrader lets you trade the broker’s full range of financial instruments. Saxo Markets publishes more than 71,000 instruments in total, covering 185 FX spot pairs and 140 forwards, 8,600+ CFDs, 23,000+ shares across 50+ exchanges, and 5,500+ bonds. Its second platform, SaxoInvestor, covers shares, bonds, ETFs and funds for investors who do not want leveraged products. Saxo Markets Account Tiers For Singapore Traders Saxo Markets discontinued its old monthly account plans in March 2024, so no tier carries a platform or inactivity fee. Traders with more than SGD 10 million in assets or SGD 300 million in annual trading volume can also qualify for Saxo Elite, which adds a dedicated relationship manager. Tier figures checked against Saxo’s Singapore account pages on 17 August 2026. Read the full IG Group review EUR/USD = 0.16 GBP/USD = 0.59 AUD/USD = 0.29 MT4, TradingView, IG Trading Platform, L2 Dealer Minimum deposit I gave IG Group a solid score of 77/100. The standout features were its 17,000+ markets and competitive spreads with no commissions. IG supports trading on many different instruments, from forex and crypto to stocks and indices. Standard account spreads average 1.13 pips on EUR/USD. The broker offers a wide variety of trading platforms, including MT4 and ProRealTime. Widest range of trading instruments Decent trading platforms Excellent 24/7 customer service Regulated by the MAS Slow execution speeds No MetaTrader 5, cTrader, or TradingView Limited markets on MT4 platform Trade The Largest Range of Markets With IG Group IG Group had the largest range of CFD financial products out of all the brokers I tested, with 17,000 markets available. This led to me scoring them 9.50/10 in this category. Those markets break down to 97 forex pairs, 11,000+ stocks, 31 cryptocurrencies, 46 indices plus 14 index options, 42 commodities, and 14 bonds. If you like to hold your CFDs overnight or for longer periods, IG Group offers futures and options trading, protecting you from overnight financing fees. With such a big choice of markets, I think IG Group is a solid pick if you day trade, as you’ll have access to all of the most volatile assets each day, on one account. IG Trading Platform Is The Best All-Rounder You’ll need the IG Trading platform to access the broker’s full range of markets. I found the platform easy to use, with an impressive charting package. There are 80+ indicators and drawing tools, more than MetaTrader 4’s default offering. IG Group offers specialised trading platforms like MetaTrader 4, ProRealTime, and L2 Dealer, giving you a better choice of customisation options and automated trading tools. As well as the IG Trading Platform, I also like the ProRealTime platform. I found it has unique features like the automated ProRealTrend tool that automates trend, support, and resistance lines. This tool makes price action trading faster, particularly when you are switching between different assets. Read the full Plus500 review EUR/USD = 0.8 GBP/USD = 1.6 AUD/USD = 1.0Updated 27/03/2026 Plus500 Trading Platform Minimum deposit Plus500 stood out for its Islamic account, which does not apply interest to your trading positions if you hold them overnight. I found the broker’s trading platform good if you’re a beginner, offering 100+ indicators and 10+ advanced chart types, including Renko bars. The broker is well-regulated and licensed by MAS. The company is listed on the London Stock Exchange with the FTSE 250, which also contributes to the broker’s high trust score. Offers swap-free Islamic account Decent trading costs with no withdrawal fee Won several awards for customer service Minimum deposit of only $100 No MetaTrader 5, cTrader, or Trading View Dedicated account manager only for professional accounts No commission-based account Plus500 proprietary trading platform users may find it hard to switch to another trading platform. Best Islamic Account In Singapore Plus500’s Islamic account is free from interest, in accordance with Islamic law. So you will not pay any overnight charges or swaps on your CFD positions. With Plus500’s Standard account, you do not pay commission, only spread fees. These are high compared to brokers like Octa, who also offer swap-free accounts. While testing the broker, I found their EUR/USD spreads averaged 1.70 pips on the Web Trading account. I prefer seeing spreads at 1.20 pips maximum for EUR/USD, although the lack of swap-fees can make up for this. Plus500 Has Top Risk Management Tools I like that the Plus500 trading platform offers solid risk management tools, including guaranteed and trailing stop-loss orders. I found it easy to set the guaranteed stop-loss, as I could easily select the order type when placing the trade through an order ticket. On top of the risk management tools, I liked the solid web-based trading platform with 100+ indicators and 10+ chart types. These include candlestick, Heikin-Ashi, and Renko. One problem I encountered, however, was that I could not trade directly off the chart. There was no one-click trading feature either, most other brokers will offer these. Unfortunately, I noticed that Plus500 does not support any third-party trading platforms like MetaTrader 4 or TradingView. This also means I couldn’t find a way to automate my trades with Plus500. If automation is important, you should choose a broker like Pepperstone or Eightcap. How to Choose A Broker For Forex? There are 5 steps Singaporean traders should follow to ensure they pick the right forex broker. 1. Make Sure the Broker is Regulated In Singapore, the regulator for financial markets (including Forex trading) is the Monetary Authority of Singapore (MAS). Being regulated by MAS means the broker is legally able to offer their trading services to clients in Singapore. Holding a MAS licence also ensures the broker complies with the strict requirements related to capital adequacy, risk management, client fund segregation, anti-money laundering (AML) measures, and regular audits among others. All these requirements provide traders with a high level of protection and promote transparency and trust in Singapore’s financial system. You may choose to work with an offshore-regulated broker, accessing some of the advantages this can bring for an experienced trader. However, you should never work with an unregulated broker. 2. Check That The Broker Has The Trading Platform For Your Trading Style You will need software to execute your trades, known as a trading platform. The most common platforms are MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView, although some brokers also develop their own proprietary platforms. Each trading platform has its own strengths and weaknesses and is designed to suit different types of traders. Therefore, it’s important to identify which features matter most to you from the platform you choose. Features to look for include its range of technical indicators and charting tools, support for automated trading, platform customisation, or copy trading capabilities. You should also check that the platform is compatible with your preferred device, whether it’s an Android or iOS smartphone, a web browser, or a downloadable application for Windows or Mac desktops. 3. Look Carefully at Costs Broker accounts will either be commission-based or commission-free, and many brokers will offer both types. Regardless of which type of trading account you choose you will always pay a spread which is the difference between the bid price and the ask price (i.e. Ask price, Bid Price). Commission-based accounts have tighter spreads since you pay a commission outside the spread. This type of account (also called a RAW or ECN account) has spreads from 0.0 pips and a commission of around $3.00 to $3.50 to open a trade and again to close a trade for each lot. On a commission-free, or Standard, account, you’ll skip this commission but you’ll pay a wider spread instead. Standard account spreads typically starts from 0.6 pips. It’s best to work with a broker who publishes their average spreads, where possible. This shows the broker is committed to being transparent and upfront about their pricing. 4. Pick a Broker with the Right Markets You may choose to trade other markets, outside of the forex category. If you do, you need to make sure your broker can support this. Take a look at the broker’s product range and make sure it aligns with what you’re looking for. Some brokers only offer CFDs while others offer securities as well. Popular CFDs to trade include Cryptocurrencies 5. Ensure the Broker Supports Your Trading Aims Are you going to follow a scalping strategy, or a longer-term swing trading strategy? Make sure the broker’s trading conditions support this. Things to look for include: If the broker is a no-dealing desk broker or market maker (market makers tend to place more restrictions). Execution speeds (ideal to avoid slippage Risk management tools like negative balance protection and guaranteed stop loss orders) Fixed spreads or variable spreads Do you want to use copy trading tools, or automate your trades with bots? Only choose brokers that help you execute your own trading strategy. 6. Be Sure the Broker is Communicative and Supportive The thing about customer service and support is that when you need it, you really need it. Before you start trading on a live account, you need to make sure the broker offers great support via your favourite channels. This might include live chat, text support, or good old-fashioned telephone connections. Check that they are actually available at the times they say they will be, and ensure you can get through to a human operator when you need to. Most Popular Forex Brokers In Singapore Below is the full list of MAS regulated forex brokers and the popularity of these brokers based on SG Google monthly searches. What Role Does The Monetary Authority of Singapore Play in Forex Trading? The Monetary Authority of Singapore (MAS) regulates and supervises the activities of Forex Brokers within Singapore. As the financial regulator of Singapore, the MAS’s job is to ensure all licensed firms comply with its financial framework. This promotes secure trading environments for traders. MAS also offers an arbitrary complaint system. This allows you to raise issues with MAS, so they can investigate and hold brokers accountable for their actions. How Can I Check If A Singapore Forex Broker Is MAS Authorised? You can check if a Singapore forex broker is MAS-authorised by viewing the footer on the broker’s website. This will confirm that they’re regulated and licensed by MAS. You can also search for the license on the MAS website. The body makes its regulatory database public for easy verification. Is Forex Trading Legal In Singapore? Yes, MAS regulation makes trading forex legal in Singapore . The MAS (Monetary Authority of Singapore) restricts CFD trading leverage to 1:20 max, and ensures that brokers treat traders fairly. Who Is The Lowest Spread Forex Broker Singapore? In my tests, I found that Pepperstone is the lowest spread forex broker in Singapore. The broker’s Razor Account averages 0.19 pip spreads on EUR/USD. The spread is almost 30% lower than the industry average of 0.27 pips. We arrived at these figures after recording the average RAW account spreads across 20+ brokers using the MT4 platform. Below, you can see my analyst Ross’ findings, with Pepperstone in first place: Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026 Is MT4 The Best Trading Platform? I think that MT4 is the best trading platform, as it supports different trading styles, from beginners and scalpers to algorithmic traders. The best MT4 brokers offer features that get the most out of the platform’s 30+ technical indicators, and augment its range of Expert Advisor auto-trading bots. You can use MT4 on macOS, Windows, Linux, Android, and iOS devices. Which Broker Is The Best For Crypto Trading In Singapore? During my testing, I found the best broker for crypto trading in Singapore is Eightcap. The broker is highly focused on crypto trading, and offers over 95 cryptocurrency products to trade with. This is the largest selection of crypto markets offered by any broker. In addition, I found that they support TradingView, which is a solid crypto trading platform. I’ve recently updated my Eightcap Review for 2026, which goes into more detail about the broker’s new features for this year. What CFD Trading Platforms Can Singapore Traders Use? Singapore traders can use any CFD trading platforms supported by their chosen forex brokers. Some of the most common trading platforms include MetaTrader 4, MetaTrader 5, cTrader, and TradingView. These are third-party trading platforms that are commonly offered by many CFD brokers. Most CFD brokers also offer their own proprietary trading platforms. What Leverage Can You Trade With In Singapore? Retail traders can trade with 1:20 leverage in Singapore under the guidelines of MAS. The highest leverage is available on forex major pairs like EUR/USD. If you seek higher leverage, Singaporean traders can open accounts outside of MAS regulation, offshore brokers can supply leverage up to 1:2000. Margin at the MAS 20:1 retail cap A S$10,000 forex position at the 20:1 retail cap needs S$500 of margin. Switch the leverage rules to broker-stated to price an offshore account. CFD Margin Calculator MAS retail margin requirements for leveraged foreign exchange trading, in force since 8 October 2019: a minimum 5% margin on forex, which caps retail leverage at 20:1. Other asset classes are not modelled here. S$500.00 initial margin required MAS licensees may require more margin than the minimum, and professional or accredited investors sit outside the retail cap. S$10,000.00 of exposure needs S$500.00 of initial margin at the MAS 20:1 retail cap. Position value S$10,000.00 MAS leverage cap for major currency pairs 20:1 Close-out level Set by your broker; no regulatory floor applies How To Get Started Trading In Singapore? To get started with forex trading in Singapore, you need to begin by learning the basics. Use the educational content offered by forex brokers, such as webinars, FAQs, eBooks, and online courses. Once you have a solid understanding of how to trade, I recommend progressing to a demo account with a regulated broker. This allows you to practice trading with virtual money as you develop your strategies. You’ll also get the chance to familiarise yourself with various markets and trading platforms before you fund your live trading account. Forex brokers in Singapore offer demo accounts suitable for all levels of experience. You can start with a demo account from a reputable broker like Octa or Eightcap, which I have listed as two of my favourite Singaporean brokers above. By practicing with a demo account, you’ll be better prepared to trade with real money when you’re ready. We have more comparisons for different types of traders that are based in Singapore. Just navigate back to the Compare Forex Brokers section. Our reviews are reader-supported. We may receive payment when you click a link to a partner site. Learn how we make money . Forex margin calculator → Forex lot size calculator → About the author Justin Grossbard Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research. LinkedIn · X / Twitter