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BEST FOREX BROKERS IN SINGAPORE

Looking for a trusted platform to trade forex in Singapore? This ranking identifies brokers that combine reliability, transparency, and high execution standards. We evaluated spreads, speed, and range of currency pairs alongside fundamentals like platform safety and user support. With Singapore’s strong regulatory oversight and active trading community, these brokers offer investors a dependable way to access the world’s most liquid market with confidence.

2025-10-23

A good choice

Ranking Methodology

To compile the ranking, we rely on a professional criterion that follows these steps:

We test the platforms based on several basic parameters (see list).
We test the platforms based on ranking-specific parameters.
We ensure the results are accurate (consistency and absence of outliers).
We verify on social media and forums that our parameters are socially sound and that no relevant negative reviews exist.
We present and publish the ranking.

Basic Testing Parameters for Apps Included in the Ranking

They allow accounts to be opened by local clients; meaning we exclude platforms not available in certain countries.
Regulatory compliance and security.
Transparency, reputation, and data protection.
Total costs (commissions, spreads, non-trading fees, deposits/withdrawals).
User experience (UX/UI), stability, and performance (uptime, latency).
Platform and tools (charts, alerts, backtesting, mobile, desktop, API).
Execution and liquidity (order quality, slippage, depth).
Customer support (languages, coverage, response times).
Education and resources (guides, research, demos, simulators).

Specific Parameters for the Forex Ranking

Spreads and commissions applied to major currency pairs (EUR/ZAR, USD/ZAR, ZAR/JPY, etc.).
Liquidity depth and execution quality in highly volatile markets.
Maximum leverage available and flexibility in levels offered.
Variety of currency pairs available (majors, minors, exotics).
Support for algorithmic trading and compatibility with leading platforms (MetaTrader, cTrader, etc.).
Execution speed and low latency, especially for scalping and high-frequency trading.
Availability of demo accounts and Forex strategy simulators.
Risk management tools: guaranteed stop loss, margin calls, negative balance protection.
Access to currency research, economic calendars, and macroeconomic analysis.

Our ranking

DISCOVER THE BEST OPTIONS

Ranking

# 1

FxPro

Pepperstone tops this ranking for Forex trading in Singapore, known for its tight spreads, deep liquidity, and institutional-grade execution. The broker offers access to over 60 currency pairs, including 8 SGD-based pairs, giving local traders efficient access to both regional and global markets with consistently low costs.Operating under a No Dealing Desk (NDD) model, Pepperstone connects directly to Tier-1 liquidity providers through Equinix LD5 (London) and NY4 (New York) data centres, delivering average execution speeds below 30 milliseconds. With spreads from 0.0 pips on EUR/USD via the Razor account, commissions from USD 3.50 per side, and leverage up to 1:500 for professional clients, Pepperstone stands out as Singapore’s go-to choice for reliable and transparent FX trading.

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# 2

Pepperstone

Pepperstone is a global broker founded in Australia and regulated by top-tier organizations such as ASIC, FCA, and CySEC. With fast execution, spreads starting from 0.0 pips, and support for MT4, MT5, cTrader, and TradingView, it is a premium choice for active traders, scalpers, and robot users. It does not charge commissions on deposits or withdrawals and is notable for its institutional liquidity and multilingual support.

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# 3

AvaTrade

AvaTrade is a global broker with a presence since 2006 and is regulated in multiple jurisdictions including Ireland, Australia, and Japan. It offers a wide variety of platforms — including MT4, MT5, AvaTradeGO, and AvaSocial — to trade forex, stocks, crypto, and more. Its offering combines advanced technology, regulatory security, and social trading tools. Ideal for both beginners and experienced traders.

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Not sure?

How to open an FX Trading Account

Once you’ve chosen a broker, opening your trading account is simple. Here’s the process:

Go to the broker’s official website: Click “Open live account” or “Get started”.
Submit your details: Provide full name, email, phone, and country of residence. You’ll need a passport or NRIC, plus a proof of address such as an SP Group electricity bill or a bank statement dated within the last 3 months.
Approval process: Some accounts are opened immediately; others may take a few days depending on compliance checks.
Set preferences: After approval, configure your trading options according to your comfort level.
Fund your account: Deposit via card, FAST bank transfer, or e-wallet.

And you’re ready to start trading.