What are the best Singapore forex brokers?
We’ve tested over 60 international forex brokers and created unbiased, data-driven broker ratings to show you the best forex brokers in the industry. To help you navigate the world of forex regulations and choose a broker that you can trust, our expert research team has built a proprietary database containing over 100 global regulatory licenses and jurisdictions; that research determines each broker's individual Trust Score. Check out our top picks for the best Singapore forex brokers:
Winner: IG
Year after year, IG has shown itself to be the best broker in the forex industry. Highly trusted and regulated in a staggering eight Tier-1 jurisdictions, IG holds a Trust Score rating of 99. Though IG does offer MetaTrader 4, IG’s proprietary web-based trading platform steals the show with its wide variety of rich features, market research, and powerful trading tools. Fans of social copy trading will appreciate IG’s seamless integration of trading signals into its web platform. IG has won countless Annual Awards from our sister site, ForexBrokers.com, and is a fantastic choice for forex traders of all experience levels.
IG Trading Platform Screenshots
IG Features
- Overall rating - 9.9/10
- Trust Score - 99
- Tradeable symbols - 19537
- Minimum deposit - £250.00
Runner Up: City Index
City Index, part of StoneX Group, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. Featuring a well-designed mobile trading app and a powerful web platform, City Index delivers a winning variety of tools for forex traders. Founded in 1983, City Index is regulated in multiple Tier-1 jurisdictions and carries a Trust Score rating of 99. The broker's flagship platform suite provides a large range of markets, but pricing is just average. Only a handful of markets are available on City Index's MetaTrader platform (and MT5 is not yet available).
City Index Trading Platform Screenshots
City Index Features
- Overall rating - 9.3/10
- Trust Score - 99
- Tradeable symbols - 13500
- Minimum deposit - £100.00
Podium Finisher: Plus500
Plus500 is a highly-trusted broker that holds six Tier-1 regulatory licenses from reputable jurisdictions around the globe and has a Trust Score rating of 99. Traders at Plus500 gain access to share trading via the Plus500 Invest platform, and CFD traders will find good selection of CFDs available via the broker’s separate Plus500 CFD platform. Though Plus500 does not provide access to the popular MetaTrader suite, we found its proprietary trading platform to be intuitive and easy to use. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.
Plus500 Trading Platform Screenshots
Plus500 Features
- Overall rating - 8.6/10
- Trust Score - 99
- Tradeable symbols - 5500
- Minimum deposit - €100
Compare trading costs for the best Singapore forex brokers
Based on our own data (our independent database contains over 4,000 data points), this table compares trading costs for the top Singapore forex brokers.
| Company |
Accepts SG Residents |
Minimum Deposit |
Average Spread EUR/USD - Standard |
Average Spread EUR/USD - Mini |
All-in Cost EUR/USD - Active |
Active Trader or VIP Discounts |
 IG
|
check |
£250.00 |
0.98 info |
0.98 info |
0.82 info |
Yes |
 City Index
|
check |
£100.00 |
1.4 info |
0.74 info |
0.74 info |
Yes |
 Plus500
|
check |
€100 |
0.8 (August 2021) info |
0.8 (August 2021) info |
N/A |
No |
 AvaTrade
|
check |
$100 |
0.92 info |
0.92 info |
0.61 info |
Yes |
 FXCM
|
check |
Starts from $50 |
1.38 info |
1.38 info |
1.38 info |
Yes |
Comparing trading platforms between Singapore forex brokers
Trading platforms grant access to the foreign exchange market and allow you to analyze market conditions, manage positions, and execute trades. Check out a side-by-side comparison of the trading platforms available at the best Singapore forex brokers, based on our independent product testing.
Comparing investment options between Singapore forex brokers
We closely monitor the availability of investment products such as forex trading (CFD and spot), stocks (CFD and non-CFD), spread betting, ETFs, and social copy trading – among many others. These investment types are tracked as variables within our extensive independent database. Check out the offering of investments at the top Singapore forex brokers.
| Company |
Accepts SG Residents |
Forex Trading (Spot or CFDs) |
Spread Betting |
Social Trading / Copy Trading |
U.S. Stocks (CFD) |
|
IG
|
check |
Yes |
Yes |
No |
Yes |
|
City Index
|
check |
Yes |
Yes |
Yes |
Yes |
|
Plus500
|
check |
Yes info |
No |
No |
Yes |
|
AvaTrade
|
check |
Yes |
Yes |
Yes |
Yes |
|
FXCM
|
check |
Yes |
Yes |
Yes |
Yes |
FAQs
Please note:
A member of our editorial team used a proprietary blend of Generative AI technologies to assist in the creation of the content on this page. All information contained herein has been fact-checked by our lead writer in conjunction with our research team, and thoroughly edited by our editorial staff. Learn more about our generative AI policies, our editorial principles, and our testing methodologies.
What is the best forex broker in Singapore?
IG is our pick for the best forex broker in Singapore. Founded in 1974, IG holds licenses across a number of notable global regulatory jurisdictions, and has earned an overall Trust Score rating of 99. IG's impressive offering of 19537 tradeable symbols opens up a wide variety of trading opportunities for its clients. If you are interested in opening an account, the minimum deposit to get started as a trader at IG is £250.00. We've tested and reviewed dozens of forex brokers and created unbiased, data-driven broker ratings to highlight the best forex brokers in the industry. Our overall rating for IG is 9.9/10. Read our data-driven broker reviews to learn more.
Check out a gallery of screenshots from IG's trading platforms, taken by our research team during our product testing.
Best Singapore Forex Brokers
Here are our picks for the best forex brokers that accept Singapore-based clients in 2023. The below table is sorted by the brokers' Overall Ratings.
Popular Country Guides
Looking for a guide to trading forex in your country of residence? Check out our full list of Country Guides.
Popular Guides
Methodology
At BrokerNotes.co, our data-driven reviews of online brokers are based on our own extensive testing of each broker's products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our in-depth trading guides are created with the same rigorous, data-driven approach.
Our proprietary Trust Score rating system tracks data from over 100 regulatory jurisdictions to help forex traders understand the regulatory status of their forex broker and choose a broker that they can trust.
Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.
Part of our testing process involves in-depth research into commissions and fees. We dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads (we always strive to determine the average spreads for each broker to better serve our readers), and a variety of other fee-based data points.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.
All of the content on BrokerNotes.co is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. We may use generative AI tools to assist in some of the rote aspects of our content production processes, but the substance of our content, as well as our opinions and evaluations are based on our extensive research and product testing. Read our Generative AI policy to learn more.
Our rigorous data validation process provides our readers with quality data they can trust. Click here to learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
