Best Forex Brokers In Singapore
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Looking for the best forex brokers in Singapore? At FxDailyInfo, we review and compare top-regulated forex brokers that cater to traders in Singapore. This guide covers trusted brokers, trading platforms, spreads, and key regulations set by the Monetary Authority of Singapore (MAS), helping you choose the right broker with confidence.
Regulation in Singapore
Forex trading in Singapore is strictly regulated by the Monetary Authority of Singapore (MAS), one of the most respected financial watchdogs globally. MAS ensures that brokers operate with transparency, fair trading practices, and client fund protection. Brokers regulated under MAS must comply with strict capital requirements and offer investor safeguards like segregated accounts. For traders, this means a secure and trustworthy environment when choosing a MAS-regulated broker in Singapore.
Table of Contents
Best Forex Brokers In Singapore
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Fusion Markets
Fusion Markets has quickly carved out a strong position in the low-cost brokerage market, thanks to its low commissions, rapid and friendly customer support, and regulation by the Australian Securities and Investments Commission (ASIC). This ambitious broker, under the ownership…
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Pepperstone
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Headquartered in Australia, TMGM – officially known as Trademax Global Markets – is a forex broker that offers high leverage trading in popular forex pairs and CFDs based on commodities, stock indices, and a very large selection of thousands of…
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FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by…
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RoboForex
RoboForex is an international brokerage company founded in 2009. It provides a wide range of trading services and products to both retail and institutional clients. With its headquarters in Belize and regulated by the International Financial Services Commission (IFSC), RoboForex…
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FINEX is a regulated forex broker that facilitates forex , commodity and stock index trading. It was founded in 2012, when there were already hundreds of thousands of transactions from all over Indonesia trading on financial assets on the platform.…
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Headway
Headway is a online broker based in South Africa and authorised and regulated by Financial Sector Conduct Authority, license number 52108. Headway offers the most common currency pairs to create a wide range of possibilities for trading. Choose among NASDAQ,…
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BelleoFx
BelleoFX, established in 2020 by industry experts, has swiftly grown into a prominent online trading brokerage. With a commitment to leveraging their expertise to enhance the financial markets, BelleoFX now operates a group of companies serving over 8,000 clients across…
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OnEquity
OnEquity, established in 2022 and headquartered on Mahé Island, Seychelles, has rapidly positioned itself as a CFD broker offering forex, indices, commodities, shares, and cryptocurrencies. The platform, accessible through the widely recognized MetaTrader 4 and MetaTrader 5, has attracted attention…
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Weltrade
Based in Saint Vincent and the Grenadines, Weltrade operates outside of major regulatory frameworks, exposing traders to potential risks. The broker’s asset selection is notably restricted compared to competitors, offering only a handful of forex pairs, commodities, metals, and cryptocurrencies.…
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Key Features to Compare in Singapore Brokers
When comparing forex brokers in Singapore, traders should focus on a few key features that directly impact their trading experience. Spreads and commissions determine your overall trading costs, so choosing a broker with competitive pricing is essential. Leverage options are also important, though MAS sets limits for retail traders to ensure risk management. The choice of trading platforms—whether MetaTrader, cTrader, or proprietary software—can affect speed, reliability, and available tools. A good broker should also offer a smooth mobile trading app for managing trades on the go. Finally, consider local payment methods like bank transfers or e-wallets that make deposits and withdrawals faster and more convenient for Singapore-based clients.
FAQs
Is forex trading legal in Singapore?
Yes, forex trading is legal and regulated by the Monetary Authority of Singapore (MAS).
Which authority regulates forex brokers in Singapore?
The Monetary Authority of Singapore (MAS) oversees and licenses forex brokers.
What is the maximum leverage allowed in Singapore?
MAS typically limits leverage to 1:20 for retail traders, though professional traders may access higher leverage.
Do Singapore brokers offer negative balance protection?
Yes, most regulated brokers provide negative balance protection to safeguard clients from losses beyond deposits.
Can I open a demo account with a Singapore forex broker?
Yes, nearly all top brokers in Singapore provide free demo accounts for practice trading.
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