Best Brokers in Singapore.
We found 10 broker accounts (out of 147) that are suitable for Singapore.
Pick an instrument to compare its spreads, margin & more.
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Pick an instrument to compare its spreads, margin & more.
Spread Type.
Fixed Variable.
Trading Platform.
MT4 cTrader WebTrader Mac MT5 NinjaTrader FCA CySEC ASIC BaFIN.
Account Type.
Micro Account Standard Account VIP Account Islamic Account Copy Trading.
Trading Strategy.
Hedging Scalping.
Min Deposit.
Below $1000 $1000 - $9,999 $10,000+
Payment Method.
Wire Transfer Credit Card Paypal.
Risk Management Features.
Guaranteed Stop Loss Trailing Stops Alerts.
To see more advanced filtering & broker information please open this page on a laptop/desktop.
Account.
Execution.
City Index.
Offers three ways to trade: Forex, CFD trading, and spread betting.
Trust Score:
Established in:
Regulated by:
Financial Conduct Authority, A.
Popular for Singapore!
192 traders clicked on City Index this month.
Offers four ways to trade: CFDs on shares, forex, commodities, indices & ETFs.
Trust Score:
Established in:
Regulated by:
Central Bank of Ireland, ASiC.
Offers four ways to trade: CFDs on Forex, Stocks, Commodities, Options and Indices.
Trust Score:
Established in:
Regulated by:
Financial Conduct Authority (F.
London Capital Group.
Offers two ways to trade: Forex, CFD and Spreads Betting.
Offers one way to trade: Forex and CFDs.
Offers two ways to trade: CFD trading, and social trading.
Core Spreads.
Offers one way to trade: Forex and CFD trading.
EasyMarkets.
Offers one way to trade: Forex.
ETX Capital.
Offers three ways to trade: Forex, Spread betting, CFD and Binary options.
Finspreads.
Offers one way to trade: Forex.
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The Ultimate Guide to.
Choosing a Broker.
Not sure which broker is right for you?
Don’t worry - we’ve got you covered. In this guide, you’ll learn:
Why City Index scored high for singapore (Jump to section) Who City Index is (and isn’t) suitable for (Jump to section) An in-depth feature comparison of the top #3 brokers (Jump to section) An overview on singapore (Jump to section)
Why Choose City Index.
City Index scored best in our review of the top brokers for singapore, which takes into account 120+ factors across eight categories. Here are some areas where City Index scored highly in:
34+ years in business Offers 12500+ instruments A range of platform inc. MT4, Web Trader, Tablet & Mobile apps 24/7 customer service Tight spreads from 0.5 pips Used by 140,000+ traders Allows hedging 1 languages Leverage up to 1:200.
City Index offers three ways to trade: Forex, CFD trading, and spread betting. If you wanted to trade EURUSD through copy trading or other means, skip to part two.
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
City Index have a A trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, ASiC and MAS, segregating client funds, being established for over 34 years, and much more. For comparison:
Trust Score comparsion.
The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.
Who City Index is (& Isn’t)
As mentioned, City Index allows you to trade in three ways: Forex, CFD trading, and spread betting.
Not Suitable for:
To trade with City Index, you'll need a minimum deposit of $100. City Index offers a range of different account types for different traders including a micro account, mini account, .
Finally, City Index isn't available in the following countries: US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW. They do not offer /compare-forex-brokers/islamic-trading-account/'>islamic accounts either.
A Comparison of City Index vs. AvaTrade vs. Plus500.
Want to see how City Index stacks up against AvaTrade and Plus500? We've compared their spreads, features, and key information below.
Spread & fee comparsion.
Comparison of account & trading features.
City Index.
cityindex. sg.
City Index are one of the top six contracts for difference (CFD) brokers for traders in Singapore, with a market share of around 9% in 2012. The City Index group have offices in London, Sydney, Dubai, Shanghai and Singapore, and they are regulated by the Monetary Authority of Singapore (MAS), which ensures that they act in accordance with stringent client money rules. They also have a Leveraged Foreign Exchange Trading licence.
The broker started its operations in 1983, and with over 30 years experience they have gained numerous positive client testimonials regarding their CFD and Forex trading services. City Index are famous for their powerful MetaTrader4 FX software, which helps clients trade online effortlessly. The software provides one-click dealing, smart comparison graphs, real-time stock performance and much more.
City Index offer a free demo account, in which clients get 1000 virtual Singapore Dollars to trade with before starting the live account. Traders from Singapore can open an account with City Index with just 500 SGD.
IG Markets.
ig/sg/
IG Markets Singapore is a subsidiary of IG Group, the UK-based financial services firm, which deals in contracts for difference (CFDs) trading, financial spread betting, stockbroking and consultancy. The Monetary Authority of Singapore grant IG Markets a licence for leveraged foreign exchange trading and dealing in securities, and they are licensed to trade CFDs in commodities by International Enterprise Singapore. With 15% of the CFD market share and 13% of the FX market share, they were in the top three providers for retail traders in Singapore in 2012.
IG Markets have a special web-based platform for traders. The platform has a slew of tools, including options to set alerts on Tear-off prices, Reuters trading news, charts, watch-lists and real-time stock tracking. IG also has a special iOS and Android app. There’s no minimum balance requirement to open an account with IG Markets. Investment Trends ranked IG Markets as the top FX broker in Singapore in 2013.
avatrade.
AvaTrade are an Ireland-based FX and CFD broker offering trading services in stock indices, currencies, commodities, bonds, ETFs as well as Bitcoin and other cryptocurrencies. AvaTrade are authorised and licensed to operate worldwide by several different regulatory bodies, including the the Japanese Financial Services Agency (FSA) and the Central Bank of Ireland within the EU. They have offices in 11 locations around the world, the closest to Singapore being in China and Japan.
AvaTrade have over 200,000 registered customers around the world and offer various online tools for easy direct market access (DMA). These tools include MetaTrader 4, MT4 Floating Spreads and AVAOptions.
Clients can open an AvaTrade demo account with US$100,000 virtual funds before opening a real account. The minimum deposit requirement for a live account with AvaTrade is US$100. Clients from Singapore can credit their account using several payment methods including Visa, MasterCard and Wire Transfer.

Asia: Singapore.
Below is a list of online forex brokers which are incorporated or registered in Singapore. Click on the links in the left column menu for forex brokers in other countries.
(1) The icon designates multiple languages. Clicking on the icon will show or hide the additional languages available. Clicking on the broker name before the language will bring you to their site in that language.
(2) When possible, clicking on the Regulatory Authority will direct you to the regulatory authority's site on either the page for that broker, a list of brokers licensed by that authority, or to a page where you can do a licensed entities search.
Forex Brokers in Singapore.
Singapore (MAS) Regulation News.
10 Aug 2017, Singapore - SMN Weekly - The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) have come out with a joint statement warning the general public of the risks of the initial coin . . .
8 Apr 2015, Singapore - Finance Magnates - The Singapore arm of CMC Markets has been reprimanded by the local regulator for failing to apply prescribed margin rates. According to an announcement published by the Monetary . . .
7 Jul 2017, Singapore - LeapRate - Phillip Futures, member of the PhillipCapital Group based in Singapore, has started to offer the MetaTrader 5 platform to their clients, MetaQuotes anounced earlier today. This makes the . . .
26 Jan 2017, Singapore - Finance Magnates - Protrader can be integrated with various functional APIs to offer a multi-asset trading solution for all major markets. PFSOFT, a developer of trading software for a wide range of . . .
1 Jun 2016, Chicago, IL, USA - PRNewsWire - "Phillip Capital Inc. (PCI), the Chicago based member of the PhillipCapital Group of Companies ("PhillipCapital Group"), will cease to offer retail forex trading to customers . . .

Top 5 Singapore Forex Brokers.
Specifically because Singapore is a fairly small country, if you’re looking for one of the best Forex brokers in Singapore you may want to consider a broker with global reach that operates in the region. For example there are many Forex brokers with FCA regulation in the United Kingdom that operate in Singapore and have built reliable reputations and a strong presence in Singapore (and oftentimes throughout Asia). Several CySEC-regulated brokers also serve residents of Singapore dependably.
Though regulation is certainly an important factor when evaluating the top Forex brokers in Singapore, spreads, fees, platform options and other factors are important to consider as well. To help make your decision easier we’ve tested the top Forex brokers in Singapore and recorded our findings in the reviews below. Don’t be afraid to trade on a demo before depositing money into your live account. This is the best way to make sure that our recommended brokers are the best for you.
Regulated Forex Brokers in Singapore.
IFC Markets, located in the British Virgin Islands, is one of the leading regulated brokers in CFD and Forex markets. The company was founded in 2006 and since then, IFC Markets has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading. The company holds Professional Indemnity Insurance with AIG EUROPE LIMITED.
FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB.
AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals.
FXCM (Forex Capital Markets) was founded in 1999 in the U. S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U. K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U. S. exchange listing the equity of large technology-based companies.
As one of the oldest and most established Forex and CFD brokers in the world, City Index has grown to be one of the world leaders in spread betting and CFD trading. The company was established in the UK in 1983 and has been around for over 30 years, a timeframe that is practically unheard of in the industry. City Index has recently been acquired by GAIN Capital Holdings, Inc. a global leader in online trading, creating a retail business with over 235,000 funded accounts, $1.2 billion in customer assets and $3.1 trillion in annual trading volume. The company has offices in London, Dubai, Sydney, New Jersey, Shanghai, Tokyo, Hong Kong and Singapore which accommodates a staff of over 800 employees. City Index and transact over $400 billion in trade volume every month for individuals in over 50 countries worldwide. City Index is authorized and regulated by the UK’s Financial Conduct Authority (FCA).
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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.
Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Online forex brokers singapore

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