Best Forex Brokers in Singapore 2026
MAS-regulated forex brokers for Singapore traders.
✅ MAS Regulated
🇸🇬 MAS Regulated
0% CGT
1:20 Max Leverage
🔬 Tested with real accounts
🔄 Last updated: July 2026 · Reviewed by WhichBroker Research Team
⚠️ Risk warning: Investing involves risk of loss. Capital is not guaranteed. Some links on this page are affiliate links — this does not affect our rankings.
⚡ No time to read? Our top picks for Singapore
IG Group — The world's largest CFD provider since 1974. 17,000+ instruments, L2 Dealer for DMA.
Saxo Bank — Canada's most trusted domestic crypto exchange. FINTRAC registered and OSC Restricted Dealer. CAD funds held in CDIC-insured accounts.
Pepperstone — One of Europe's oldest exchanges. Regulated by CSSF in Luxembourg.
CMC Markets — Canada's best high-interest savings account. Consistently offers among the highest savings rates with zero monthly fees and no minimum balance. CDIC insured.
Top 4 Best Forex Brokers in Singapore — Detailed Reviews
Commission
From £3/trade (UK shares)
The world's largest CFD provider since 1974. 17,000+ instruments, L2 Dealer for DMA.
70% of retail investor accounts lose money when trading CFDs.
Commission
From 0.08% (EU stocks)
Canada's most trusted domestic crypto exchange. FINTRAC registered and OSC Restricted Dealer. CAD funds held in CDIC-insured accounts.
Investing involves risk of loss.
Commission
N/A (CFDs only)
One of Europe's oldest exchanges. Regulated by CSSF in Luxembourg.
74-89% of retail CFD accounts lose money.
Commission
From 0.10% (UK shares)
Canada's best high-interest savings account. Consistently offers among the highest savings rates with zero monthly fees and no minimum balance. CDIC insured.
67% of retail investor accounts lose money when trading spread bets and CFDs.
How to Get Started with Best Forex in Singapore
1
Choose a regulated platform
Pick a forex broker regulated by MAS or operating under an international licence. All platforms on this page qualify.
2
Open your account
Account opening is fully online. You'll need a photo ID (passport or national ID) and proof of address. Most platforms verify within 1–2 business days.
3
Fund your account
Deposit via bank transfer (free, 1–3 days) or debit card (instant, small fee). Minimum deposits vary — most top platforms start from SGD0.
4
Start investing
Start with major pairs (EUR/USD, GBP/USD). Use a demo account first to practice risk-free.
🇸🇬 Singapore: Country Environment Blueprint
Primary Regulator
MAS (Monetary Authority of Singapore (MAS))
EU/MiFID Passporting
International forex brokers may need local registration in Singapore. Always verify regulation before depositing.
Regulatory Blacklist
MAS maintains a register of licensed firms. Always verify a forex broker's licence number before depositing.
Major Pairs (EUR/USD etc.)
1:20 (MAS — retail)
Minor Pairs & Indices
1:10
Negative Balance Protection
Check with your broker — negative balance protection may or may not be offered. Essential for CFD trading.
Margin Call Policy
Most regulated brokers issue margin calls at 50% margin level and close positions at 20-30%. Check your broker's specific policy.
Capital Gains on FX
Forex gains are typically taxed as capital gains. Rate: 0%. Consult a local tax professional for your specific situation.
Loss Deduction
Trading losses are generally deductible against gains. Check your country's carry-forward rules with a tax professional.
Professional vs. Retail
Professional traders may be subject to income tax rather than capital gains tax. Frequent trading activity can trigger reclassification — seek advice.
Major Currency Pairs
✅ Available at all regulated brokers: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD.
Exotic Pairs
Available at most brokers, typically with higher spreads. OANDA and IG Group offer the widest exotic pair selection.
Crypto CFDs
Crypto CFDs may be available depending on your broker and local regulations.
What Singapore Investors Need to Know in 2026
MAS caps retail forex leverage at 1:20. Singapore is a major global FX hub. Use MAS Capital Markets Services (CMS) licensed brokers. OANDA, IG, and Saxo Bank have strong Singapore presence.
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How we chose these platforms
Our team opened real accounts, deposited funds and tested each platform in Singapore. We evaluate regulation quality, fees (commissions, spreads, FX conversion), platform usability, customer support response times and local features specific to Singapore investors. Rankings are updated regularly.
Frequently Asked Questions