Best Forex Brokers in Singapore 2026
Singapore is a premier financial hub with the Monetary Authority of Singapore (MAS) providing world-class regulatory oversight. MAS-regulated brokers must meet strict capital requirements and comply with comprehensive conduct rules.
MAS
1:50
6
Trust stack
Trust metadata for Singapore broker coverage
This country shortlist is built from review data, local regulatory context, and the editorial standards linked below.
Is Forex Trading Legal in Singapore?
Forex trading is fully legal and well-regulated. Brokers must hold a Capital Markets Services (CMS) licence from MAS.
MAS limits retail forex leverage to 1:50. Singapore's regulatory framework is considered top-tier globally.
Top 6 Brokers for Singapore Traders
| Feature |  IG Overall 9.2/10 |  Interactive Brokers Overall 9.2/10 |  Saxo Bank Overall 9.0/10 |  Oanda Overall 8.4/10 |  Plus500 Overall 7.8/10 |
|---|---|---|---|---|---|
| Overall Score | 9.2/10 ✓ | 9.2/10 ✓ | 9.0/10 | 8.4/10 | 7.8/10 |
| Spreads From | 0.6 pips | 0.1 pips | 0.4 pips | 1.0 pips | 0.8 pips |
| Min Deposit Lower is better | $250 | $0 ✓ | $2000 | $0 ✓ | $100 |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | TWS, IBKR Mobile, IBKR GlobalTrader | SaxoTraderGO, SaxoTraderPRO | fxTrade, MT4, TradingView | Plus500 WebTrader, Plus500 App |
| Regulation | FCA, ASIC, MAS, BaFin | SEC, FCA, ASIC, MAS, IIROC | FCA, DFSA, MAS | FCA, ASIC, MAS | FCA, CySEC, ASIC, MAS |
| Markets | 17,000+ | 1,000,000+ ✓ | 72,000+ | 120+ | 2,800+ |
IG
Min Deposit
$250
Spreads From
0.6 pips
Leverage
1:200
Instruments
17,000
Interactive Brokers
Min Deposit
$0
Spreads From
0.1 pips
Leverage
1:50
Instruments
1,000,000
Saxo Bank
Min Deposit
$2000
Spreads From
0.4 pips
Leverage
1:200
Instruments
72,000
Oanda
Min Deposit
$0
Spreads From
1.0 pips
Leverage
1:200
Instruments
120
Plus500
Min Deposit
$100
Spreads From
0.8 pips
Leverage
1:300
Instruments
2,800
Moomoo
Min Deposit
$0
Spreads From
N/A
Leverage
1:5
Instruments
7,000
Tips for Singapore Traders
Only use MAS-licensed brokers — check the MAS Financial Institutions Directory
Retail leverage is capped at 1:50 for forex CFDs
MAS regulation is considered among the best globally
SGD-denominated accounts are available with most major brokers
More broker shortlists for Singapore
These country-specific pages reuse the same market context, but narrow the shortlist by platform, trading style, or a tighter search intent.
Best Forex Brokers in Singapore
readyCountry-specific forex shortlist for Singapore traders.
Best CFD Brokers in Singapore
pilotCountry-specific cfd shortlist for Singapore traders.
Best Day Trading Brokers in Singapore
pilotCountry-specific day trading shortlist for Singapore traders.
Best High-Leverage MT5 Brokers in Singapore
pilotThis Singapore combo pilot favors brokers that combine explicit MT5 support with stronger leverage ceilings and credible overall broker quality.
Best Low-Spread MT4 Brokers in Singapore
pilotThis Singapore combo pilot is for traders who still want MT4, but want the shortlist biased toward sharper pricing and stronger overall broker quality.
Best Low-Spread MT5 Brokers in Singapore
pilotThis Singapore combo pilot favors brokers that pair explicit MT5 support with stronger cost quality and credible overall broker profiles.
Best MT5 Brokers in Singapore
pilotCountry-specific mt5 shortlist for Singapore traders.
Best Scalping Brokers in Singapore
pilotCountry-specific scalping shortlist for Singapore traders.
Best Swing Trading Brokers in Singapore
pilotCountry-specific swing trading shortlist for Singapore traders.
Frequently Asked Questions
Is forex trading legal in Singapore?
Yes, forex trading is legal and regulated by MAS. Brokers must hold a CMS licence.
What is the leverage limit in Singapore?
MAS limits retail forex leverage to 1:50.
How do I verify a broker's MAS licence?
Check the MAS Financial Institutions Directory at mas.gov.sg.
Read the full reviews for the brokers available in Singapore
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IG review
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Entity note: IG shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Interactive Brokers review
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
Entity note: Interactive Brokers shows 5 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Saxo Bank review
Saxo Bank is a premium licensed bank offering 72,000+ instruments, award-winning proprietary platforms, and top-tier FCA/DFSA/MAS regulation.
Entity note: Saxo Bank shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Oanda review
Oanda is a veteran forex broker with nearly 30 years of history, top-tier FCA/ASIC/MAS regulation, premium analytics, and no minimum deposit.
Entity note: Oanda has a strong regulator footprint, but the contracting entity still changes the exact protections and product availability by region.
Plus500 review
Plus500 is a publicly listed CFD broker offering a simple, commission-free platform with strong multi-regulator oversight and 2,800+ instruments.
Entity note: Plus500 shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Moomoo review
Moomoo is an ASIC/MAS-regulated stock trading platform offering commission-free trades, powerful research tools, and access to global stock markets.
Entity note: Moomoo shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.