10 Best Forex Brokers in Singapore (Top List 2025)

This guide highlights the top 10 Singapore forex brokers comprised by WR Trading. These brokers offer competitive spreads, reliable platforms, and are regulated to ensure a secure trading experience for Singaporean traders. Each broker has been carefully selected to meet the diverse needs of traders in this thriving forex market.

These are the Top 10 Forex Brokers for traders in Singapore in 2025:

What are the Best Forex Brokers in Singapore?

Below is a detailed review of the top forex brokers in Singapore, including their key features and benefits. These brokers have been selected for their strong reputation, advanced technology, and commitment to providing excellent service to Singaporean traders.

1. BlackBull Markets

For traders who love variety, BlackBull Markets is a fantastic and in our opinion the best option with over 26,000 tradable assets. Whether you’re into forex, commodities, or the latest cryptocurrencies, this broker provides access to a wide range of markets, making it ideal for those who like to keep their options open. For Singaporeans interested in forex trading, MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, cTrader, TradingView, and BlackBull Trade are available. Each trading software comes packed with analysis tools, trading settings, and different time charts.

The spreads start from 0.0 pips, and the average execution speed is less than 20 milliseconds, so you’ll get the best prices available at BlackBull Markets. Furthermore, you’ll have access to 500:1 leverage to increase profit potential. In our experience at WR Trading, BlackBull Markets has always provided a reliable trading experience, making it one of our most recommended forex brokers for Singaporeans. 

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $6 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, cTrader, TradingView, and BlackBull Trade.
Asset Types	Forex, commodities, indices, cryptocurrencies, futures, and stock.
Tradable Assets	Over 26,000
Currency Pairs	Over 70
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Webinars, tutorials, and education hub.
Regulation	Financial Services Authority in Seychelles

2. FP Markets

FP Markets ranks in 2nd place in our comparison of Forex Brokers for Singaporean traders because it offers a competitive edge with its super-tight spreads starting from 0.0 pips. If you’re a Singaporean trader who likes to keep costs down while having access to a wide range of trading platforms, this broker could be your ideal match. With MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader available, there’s plenty of flexibility, whether you’re into forex, stocks, or even dabbling in cryptocurrencies.

The real kicker here is FP Markets’ sheer variety. With over 10,000 instruments, you’ll never run out of trading opportunities. The strong regulatory backing by ASIC, FSCA, FSA, FSC, and CySEC gives traders peace of mind, knowing their funds are secure. This broker is perfect for those looking for a reliable and cost-effective trading environment.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader.
Asset Types	Forex, stocks, indices, commodities, cryptocurrency, and ETFs.
Currency Pairs	Over 60
Tradable Assets	Over 10,000
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Video tutorials and trading glossary.
Regulation	ASIC, FSCA, FSA, FSC, and CySEC.

3. Vantage Markets

Vantage Markets is our third choice for tech-savvy traders in Singapore who are looking for a platform that combines speed and innovation. Their ProTrader platform stands out, offering an intuitive interface, advanced trading tools, and multiple time charts. Plus, if you’re into algorithmic trading, Vantage supports API trading, allowing you to automate your strategies seamlessly.

For those who are keen on learning, Vantage Markets provides a wealth of educational resources, including webinars and ebooks. This broker keeps its spreads low (starting from 0.0 pips) and its transparent pricing, making it an attractive choice for traders who want to keep their costs in check while enjoying a cutting-edge trading experience. Also, the leverage can reach up to 500:1 on specific forex pairs.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From $3 per lot
Trading Platforms	Vantage App, MetaTrader 4, MetaTrader 5, TradingView, and ProTrader.
Asset Types	Forex, stocks, indices, commodities, bonds, and ETFs.
Tradable Assets	Over 1,000
Currency Pairs	Over 40
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Courses, webinars, and ebooks.
Regulation	ASIC and CIMA

4. RoboForex

At WR Trading, we were pleased to discover that RoboForex offers one of the highest leverage ratios in the industry at 2000:1, making it the 4th best option for Singaporeans. This feature provides traders with significant potential to enhance their market positions. This broker stands out with its R Stocks Trader platform, which is perfect for Singaporean traders interested in multi-asset trading with advanced analytics and order types. However, those focused mainly on forex can utilize the popular MetaTrader platforms.

RoboForex also offers a nifty CopyFX feature, letting you mirror the trades of successful traders, which is great if you’re looking to learn from the pros and earn a profit. While its educational resources might be lacking, RoboForex makes up for it with its spreads starting from 0.0 pips, a selection of over 40 forex pairs, and access to a demo account for testing.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – from 10/ mio
Trading Platforms	MetaTrader 4, MetaTrader 5, and R Stocks Trader.
Asset Types	Stocks, indices, futures, ETFs, commodities, and forex.
Tradable Assets	Over 12,000
Currency Pairs	Over 40
Leverage	2000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	None
Regulation	Financial Services Commission (FSC) of Belize

5. Moneta Markets

Moneta Markets focuses on delivering a user-friendly trading experience with its Pro Trader platform. Designed for simplicity without compromising on power, this platform is perfect for traders in Singapore who want an easy-to-navigate interface paired with advanced trading tools. Alternatively, you can use MetaTrader 4, MetaTrader 5, and MT4 WebTrader, which all come with indicators and tools for forex trading.

What makes Moneta Markets unique is its real-time market sentiment indicators, which give traders valuable insights into market trends. This, combined with informative blogs and guides, makes Moneta Markets a great fit for traders who want to learn while they trade. With solid regulatory backing from the Cayman Islands Monetary Authority and Financial Sector Conduct Authority South Africa, it offers a secure and insightful trading environment.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – from no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, Pro Trader, and MT4 WebTrader.
Asset Types	Forex, commodities, indices, ETFs, bonds, and stocks.
Tradable Assets	Over 1,000
Currency Pairs	Over 45
Leverage	1000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Blogs and guides.
Regulation	Cayman Islands Monetary Authority and Financial Sector Conduct Authority.

6. Pepperstone

Pepperstone is a favorite among traders who value speed and technology. Known for its fast execution and advanced trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView, Pepperstone equips Singaporean traders with the tools they need to succeed in the forex market. They also provided a market analysis section to keep their traders up to date on the latest trends and market developments. 

Customer support at Pepperstone is exceptional, offering round-the-clock assistance to ensure your trading journey is smooth. For those interested in automated trading, the platform supports expert advisors and custom indicators, making it a great option for traders looking to leverage technology for a strategic edge. Currently, Pepperstone offers over 90 currency pairs, over 1,200 tradable assets, and ultra-low fees starting from 0.0 pips.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, and TradingView
Asset Types	Forex, commodities, indices, cryptocurrency, stocks, and ETFs.
Tradable Assets	Over 1,200
Currency Pairs	Over 90
Leverage	500:1
Customer Support	Email and phone support.
Demo Account	Yes
Educational Content	Webinars, educational videos, and trading guides.
Regulation	FCA, CySEC, ASIC, BaFin, CMA, and DFSA.

7. IC Trading

IC Trading is known for its powerful trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, it offers Singaporean traders a set of powerful tools to execute their strategies effectively. The low-latency infrastructure ensures quick and precise trade execution, which is crucial for high-frequency traders. Spreads start at 0.0 pips, and Singaporeans have over 60 forex pairs to trade.

IC Trading also offers a variety of account types to suit different trading styles, from scalpers to long-term investors. The broker offers deep liquidity for forex trading, with over 29 billion USD processed daily. Traders are completed almost instantly, with the average execution speed reaching under 40ms. We believe IC Trading is a great choice for traders who need a professional platform with advanced tools.

Feature	IC Trading
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $3.50 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, and cTrader.
Asset Types	Forex, commodities, indices, stocks, bonds, and cryptocurrency.
Tradable Assets	Over 2,250
Currency Pairs	Over 60
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Tutorials and blogs
Regulation	Financial Services Commission of Mauritius

8. XM

XM stands out with its extensive educational offerings, making it a great choice for traders in Singapore who are eager to learn. From webinars to platform tutorials, XM equips traders with the knowledge they need to navigate the markets confidently. Moreover, each trading platform MetaTrader 4, MetaTrader 5, and MetaTrader Web Trader, comes with a demo option allowing users to test the software before committing funds.

Leverage options up to 1000:1 give traders the flexibility to adjust their risk levels according to their preferences. Also, XM has ultra-low fees based on the account type, with spreads starting from 0.0 pips. With a user-friendly platform and a wide range of assets, XM is well-suited for new and experienced traders looking for a supportive and informative trading environment.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $3.50 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, and MetaTrader Web Trader.
Asset Types	Forex, stocks, indices, and commodities.
Tradable Assets	Over 1,000
Currency Pairs	Over 55
Leverage	1000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Educational videos, webinars, platform tutorials, and XM Live.
Regulation	ASIC, CySEC, DFSA, FCA, FSCA, and FSC.

9. FBS

We recommend FBS at WR Trading due to its ultra-high leverage, reaching up to 3000:1, which appeals to traders looking to maximize their potential returns. The broker’s platform is straightforward and easy to use, making it accessible for traders of all experience levels. The FBS app, MetaTrader 4, and MetaTrader 5 come with guides and are easily customizable to adapt to your trading strategies. 

FBS also offers a range of account types, including cent accounts for beginners who want to practice with smaller amounts. The FBS Academy provides educational resources to help traders improve their skills, making it a solid option for those seeking a balance between opportunity and learning.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.7 pips Commission – From no commission to $3.50 per lot
Trading Platforms	FBS app, MetaTrader 4, and MetaTrader 5.
Asset Types	Forex, stocks, indices, and commodities.
Tradable Assets	Over 100
Currency Pairs	Over 40
Leverage	3000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	FBS Academy
Regulation	CySEC

10. VT Markets

VT Markets provides a great mobile trading experience, making it ideal for traders in Singapore who prefer to manage their portfolios on the go. The platform offers competitive trading conditions with low spreads and fast execution speeds. Singaporeans can utilize some of the best trading software in the industry, such as MetaTrader 4, MetaTrader 5, Webtrader, and VT Markets app. They provide advanced indicators, analysis, and charting tools to make forex trading a lot easier.

VT Markets also features a comprehensive educational suite with the VT Markets Academy, offering valuable insights and resources to help traders enhance their strategies. Also, VT Markets holds licenses from some of the most well-respected authorities, including ASIC, FSCA, and Mauritius FSC.

Feature	Broker
Eligible for Singaporean Traders?	Yes
Spreads and Commission	Varies based on account:Spread – from 0.0 pips Commission – From no commission to $6 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, Webtrader, and VT Markets app.
Asset Types	Forex, stocks, indices, ETFs, bonds, and commodities.
Tradable Assets	Over CFDs 1,000
Currency Pairs	Over 40
Leverage	500:1
Customer Support	Email, help center, and live chat.
Demo Account	Yes
Educational Content	VT Markets Academy
Regulation	ASIC, FSCA, and Mauritius FSC

Is Forex Trading Legal in Singapore?

Yes, forex trading is legal in Singapore. All brokers operating in the country must be regulated by the Monetary Authority of Singapore (MAS). This ensures that traders have a secure and transparent environment to trade in, backed by regulations that safeguard their interests and promote fair market practices.

How Are Forex Brokers Regulated in Singapore

Forex brokers in Singapore are regulated by the Monetary Authority of Singapore (MAS), which ensures that the financial markets operate fairly and transparently. MAS is responsible for enforcing strict regulatory standards to protect investors and maintain the integrity of the financial system. Brokers must meet these standards to obtain and retain their licenses to operate within the country.

Security of the Regulation

The regulation provided by MAS ensures a high level of security for traders. Brokers must adhere to stringent compliance measures, including maintaining sufficient capital reserves, implementing risk management systems, and conducting regular audits. These measures help to protect traders from fraudulent activities and financial instability.

MAS also requires brokers to keep client funds in segregated accounts, separate from the broker’s operational funds. This segregation ensures that traders’ funds are protected, even if the broker goes bankrupt. MAS mandates that brokers provide clear and transparent information about their services, fees, and trading conditions, enabling traders to make informed decisions.

How to Find Out if Your Forex Broker Is Regulated by a Singapore Regulator

To verify if a forex broker is regulated by MAS, traders can visit the MAS website and access the Financial Institutions Directory. This directory provides a comprehensive list of licensed financial institutions in Singapore, including forex brokers.

How WR Trading Tested the Best Forex Brokers in Singapore

Our team at WR Trading conducted a comprehensive evaluation of the top trading brokers in Singapore using a detailed testing methodology. Here are the key aspects we assessed to ensure that each broker met high standards of performance and reliability:

Trading Platforms

We analyzed the usability, features, and reliability of each broker’s trading platforms. This included popular platforms such as MetaTrader 4, MetaTrader 5, and cTrader. We give extra points to brokers that offer any proprietary platforms. Our focus was on ensuring a seamless trading experience with advanced tools and functionalities.

Spreads and Fees

Our team compared spreads, commissions, and other trading fees across brokers to identify those offering the most competitive pricing. We examined both fixed and variable spreads, as well as any additional fees that could impact overall trading costs.

Customer Support

The quality and availability of customer support were tested by contacting brokers through various channels, including email, phone, and live chat. Responsiveness and effectiveness of support teams were key factors in the assessment to ensure that traders receive helpful assistance.

Regulation and Security

We verified the regulatory status of each broker with the Monetary Authority of Singapore (MAS) to ensure compliance with local laws and regulations. We also examined the security measures implemented by brokers to protect traders’ funds and personal information.

Account Types

The variety and flexibility of account types offered by each broker were evaluated to determine their suitability for different trading styles and experience levels. This included examining features such as minimum deposit requirements, leverage options, and account-specific benefits.

Execution Speed

We assessed the speed and reliability of trade execution to ensure that orders are processed efficiently and without unnecessary delays. Our tests included evaluating order execution times across various market conditions to verify consistent performance.

Educational Resources

We analyzed the availability and quality of educational materials provided by each broker to support traders in improving their knowledge and skills. This included reviewing webinars, tutorials, articles, and other learning tools offered by the brokers.

Deposit and Withdrawal Options

Our team evaluated the ease and variety of deposit and withdrawal methods to ensure convenient and secure transactions. We looked at processing times, fees, and available payment methods, such as bank transfers, credit cards, and e-wallets.

Trading Tools

The range and quality of trading tools and resources offered by each broker were examined, including charting tools, technical indicators, and market analysis. These tools were evaluated for their usefulness in enhancing traders’ decision-making processes.

User Reviews and Reputation

We considered the overall reputation and user reviews of each broker to gain insights into their reliability and customer satisfaction. This involved analyzing feedback from existing clients and assessing the broker’s standing within the trading community.

What are Supported Payment Methods for Singapore Traders?

Forex brokers in Singapore provide a variety of payment methods to accommodate the needs of local traders, ensuring both convenience and security in transactions. Here are the most commonly used payment methods:

Bank Transfers

Bank transfers are widely used by Singaporean traders due to their safety and straightforwardness. Many brokers support local bank transfers through Singapore’s major banks like DBS, OCBC, and UOB, allowing seamless transactions within the country. International bank transfers are also available for cross-border transactions.

E-Wallets

E-wallets are a favored payment method in Singapore for their convenience and quick transaction processing. Popular options include:

• GrabPay: Widely used for various online and offline transactions, offering rewards and cashback options.
• PayLah!: Offered by DBS Bank, this e-wallet is integrated with local bank accounts, making it easy for users to send and receive money.
• SingTel Dash: Combines mobile payments with rewards and is accepted by various merchants in Singapore.
• Skrill and Neteller: These international e-wallets are also supported by many brokers, providing a secure way to fund trading accounts without sharing bank details directly.

Cryptocurrency

Some brokers now accept cryptocurrency payments, allowing traders to deposit and withdraw funds using digital currencies such as Bitcoin and Ethereum. This option appeals to those who prefer using digital assets and value the anonymity and security provided by blockchain technology.

Credit and Debit Cards

Credit and debit cards, particularly Visa and MasterCard, are popular payment methods offered by most brokers. They allow for quick deposits and withdrawals, making it easy for traders to manage their accounts efficiently. The speed of transactions and widespread acceptance make this method appealing to many traders.

Conclusion: The Best Forex Brokers Accept Traders From Singapore!

To summarize, we highlighted the top 10 forex brokers in Singapore, including BlackBull, FP Markets, Vantage Markets, and Pepperstone, each offering features such as low spreads, advanced trading platforms, and reliable customer support. Consider trying our recommended choices to find the one that best suits your trading style.

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