Best forex brokers in Singapore (2026)

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The rules for forex trading in Singapore

A broker that offers leveraged forex or CFDs in Singapore needs a Capital Markets Services licence from the Monetary Authority of Singapore, MAS. Check the firm in the MAS Financial Institutions Directory, and check the Investor Alert List for firms that have no licence.

Since 8 October 2019 retail clients must put up at least 5% margin on leveraged forex and CFDs, which is 20:1. Accredited and expert investors may trade at 2%. CFDs count as complex products, so a broker must test your knowledge before your first trade. On 15 May 2026 MAS eased the rule that required advice before some complex products.

There is no fund that pays you back if a broker fails. Disputes go to FIDReC, which can award up to S$150,000 since 1 July 2024. Singapore has no capital gains tax. Trading profits are taxed only if IRAS decides your trading is a business. Traders fund accounts by PayNow, FAST transfer or card.

Sources: MAS Financial Institutions Directory and Investor Alert List. MAS margin rules of 8 October 2019. MAS Notice SFA 04-N12. FIDReC terms from 1 July 2024. Checked 25 September 2026.

Expert-tested, regulated platforms you can trust

Overview

Updated · Ranking rebuilt from the latest broker ratings

Choosing a forex broker in Singapore can feel complex. This guide helps you compare platforms that accept Singapore residents, with a simple side-by-side view below. You’ll see key points on regulation, fees, platforms, markets, funding, and support, so you can narrow your shortlist. Focus on how you trade: the instruments you need, the tools you use, order types, costs across spreads and commissions, and how deposits and withdrawals work for you. Check that the broker is authorised to serve you in Singapore. Trading CFDs involves risk. We do not provide recommendations or advice. All information on BrokerCatalogue is for general informational purposes and should not be considered financial, legal, or investment advice. We aim to make your choices clear.

Broker of the Month

FOREX.com 10.0
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The Top 10 Forex Brokers

At a glance

#BrokerRatingRegulationFoundedPlatforms
1FOREX.com10/10ASIC, CFTC, FCA2001MT4, MT5, Proprietary
2Interactive Brokers10/10ASIC, CBI, CFTC1977Proprietary
3Plus50010/10ASIC, CFTC, CySEC2008Proprietary
4Saxo Bank10/10ASIC, DFSA, FCA1992Proprietary, TradingView
5Swissquote10/10CSSF, DFSA, FCA1996MT4, MT5, Proprietary
6tastytrade9.1/10CFTC, NFA2017Proprietary
7FP Markets9/10ASIC, CMA, CySEC2005cTrader, MT4, MT5
8JustMarkets9/10FSA Seychelles, FSC Mauritius, SVGFSA2012MT4, MT5
9TradeStation9/10CFTC, FCA, NFA1982Proprietary
10HYCM8.7/10CIMA, CySEC, DFSA1977MT4, MT5
  1. FOREX.com 10.0
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  2. Interactive Brokers 10.0
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  3. Plus500 10.0
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  4. Saxo Bank 10.0
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  5. Swissquote 10.0
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  6. tastytrade 9.1
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  7. FP Markets 9.0
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  8. JustMarkets 9.0
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  9. TradeStation 9.0
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  10. HYCM 8.7
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How We Pick These Brokers

The brokers on this page are chosen and ranked using BrokerCatalogue’s independent review framework. We look at regulation, safety of client funds, trading costs, platforms and tools, execution, and overall fit for this specific use case or region.

Some brokers may be our partners, but no broker can pay to change its score or ranking. Sponsorship can affect visibility (for example, “featured” labels), not how we rate risk or quality.

This page is for information only and is not financial or investment advice. Always do your own research.

See our Affiliate & Advertising Disclosure, Methodology and Risk Disclosure for full details.

Frequently Asked Questions

You want a licensed provider in Singapore. Check its license status on the national regulator’s site. Review how it holds client funds and its order execution policy. Test the platform for uptime, tools, and mobile use. Compare fees, including spreads, commissions, and overnight charges. Check available instruments and research tools. Look at funding and withdrawal methods that suit you. Read the complaints process and support hours. A demo account can help you learn the interface without real funds. This is general information, not advice.

Yes, with a broker that holds a Capital Markets Services licence from MAS. Retail leverage is capped at 20:1, and the broker must test your knowledge before your first CFD trade.

You may pay through spreads, explicit commissions, or both. If you hold trades overnight, financing charges may apply. Currency conversion can add a cost when your account and trade currency differ. Some providers charge for deposits, withdrawals, or inactivity. Data or premium tools may have a fee. Total cost depends on how often you trade, how long you hold, and the instruments you use. You can review the fee schedule and disclosures before you open an account.

Prices move fast and can gap. Leverage can magnify losses as well as gains. You may face slippage, rejected orders, or platform outages. Market news and events can widen spreads and reduce liquidity. There is counterparty and operational risk with any provider. Regulations and product terms can change. You should understand order types and margin rules before you trade. You can lose more than your initial deposit when you use leverage. This is education, not a recommendation.

Most providers support local bank transfer, cards, and some e-wallets. Processing times and limits vary by method. Names on your account must match your trading account. Some methods may have fees or conversion costs. Providers usually require identity checks before allowing transfers. Withdrawal times can be longer than deposits due to compliance checks. Review the funding policy, cut-off times, and any third-party restrictions. Use methods you control and keep your records. This page offers general information only.

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