Best Forex Brokers in Singapore 2026
We tested and ranked the top 5 forex brokers for Singapore traders. Every broker accepts Singapore clients, supports SGD deposits, and is regulated by top-tier international authorities.
Quick Answer: Best Forex Brokers in Singapore
The best forex brokers for Singapore traders in 2026 are: 1. OANDA: best overall with MAS regulation and no minimum deposit; 2. IG Markets: best research; 3. Saxo Bank: best premium platform; 4. AvaTrade: best education; 5. Plus500: simplest platform. OANDA, IG, Saxo, and Plus500 all hold MAS Capital Markets Services licences.
Forex Regulation in Singapore
The Monetary Authority of Singapore (MAS) regulates all financial services under the Securities and Futures Act (SFA). MAS-licensed brokers must hold CMS licences, segregate client funds, and maintain adequate capital. Singapore is Asia's premier financial hub with rigorous, transparent regulation.
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Top 5 Forex Brokers for Singapore Traders
Ranked by regulation, SGD deposit support, spreads, and trader reviews.
OANDA tops the list for Singapore traders looking for MAS regulation, SGD accounts, and no minimum deposit since 1996.
IG Markets is ideal for Singapore experienced traders who need MAS regulation and award-winning market research.
Saxo Bank is built for Singapore professional traders who prioritize MAS regulation, SGD accounts, and institutional-grade tools.
AvaTrade works well for Singapore beginners seeking multi-regulated safety, copy trading, and full education.
Plus500 appeals to Singapore CFD traders who value MAS regulation, a clean platform, and a no-commission fee structure (other fees apply). New traders should practice on the free demo account and use the Trading Academy before going live.
Singapore Broker Comparison at a Glance
| Broker | Min Deposit | Spreads | Regulation | Score | Platforms |
|---|---|---|---|---|---|
| OANDA | $0 | 0.6 pips (Standard) | FCA, CFTC, ASIC, MAS, IIROC | 4.4 | MT4, fxTrade |
| IG Markets | $0 | 0.6 pips (Standard) | FCA, ASIC, MAS, BaFin, FINMA | 4.5 | MT4, IG Platform, ProRealTime |
| Saxo Bank | $2000 | 0.4 pips (Classic) | FCA, ASIC, MAS, FINMA, JFSA | 4.4 | SaxoTraderGO, SaxoTraderPRO, MT4 |
| AvaTrade | $100 | 0.9 pips (Standard) | ASIC, CBI, FSCA, ADGM | 4.6 | MT4, MT5, AvaTradeGO |
| Plus500 | $100 | 0.8 pips (Variable) | FCA, ASIC, CySEC, MAS, FMA | 4.3 | Plus500 WebTrader |
How to Start Trading Forex in Singapore
- Pick a regulated broker that accepts Singapore traders and supports SGD deposits. We recommend starting with OANDA for the best overall experience, or IG Markets if you prefer a lower entry point.
- Open and verify your account. Upload your ID and proof of address. Most brokers complete verification within 24 hours.
- Fund your account using Bank Transfer (SGD) or PayNow. Minimum deposits start from $100 at the brokers listed above.
- Practice on a demo account first. Every broker on this page offers a free demo with virtual funds. Spend at least a few weeks learning the platform, testing strategies, and understanding risk before using real money.
- Start small and manage your risk. Never trade with money you cannot afford to lose. Use stop-losses on every trade, and keep your position sizes small relative to your account balance.
How We Rank Brokers for Singapore
We open real accounts, deposit real money, and test each broker hands-on. Our rankings combine five factors weighted for Singapore traders specifically:
- Regulation and safety (MAS recognition, fund segregation, negative balance protection)
- SGD deposit and withdrawal speed (local payment method support, conversion fees, processing time)
- Trading costs (live spread sampling across 20+ sessions, commission structure, overnight fees)
- Platform quality (execution speed, charting, mobile app reliability)
- Trustpilot and user reviews (verified trader feedback, complaint resolution, support quality)
Brokers cannot pay for higher placement. If a broker scores poorly in testing, it does not appear on this page regardless of commercial relationship. Read our full testing methodology for details.
Trade Forex with OANDA: MAS Licensed ✓
OANDA tops the list for Singapore traders looking for MAS regulation, SGD accounts, and no minimum deposit since 1996.
Singapore Forex Trading: FAQs
Common questions from Singapore-based forex traders.
Accepted Payment Methods in Singapore
Rankings based on SGD deposit support, regulatory standing (MAS), spreads, withdrawal speed, and trader reviews. We open and fund real accounts to verify claims. Brokers cannot pay for higher rankings. Last updated: June 2026.