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Best Forex Brokers in Singapore for 2026
Top MAS-regulated forex brokers offering competitive spreads and adherence to 2026 digital finance guidelines.
Written by
Emily Watson
Fact Checked by
David Okonjo
Top 8 Forex Brokers for Singapore Traders in 2026
As a premier Asian financial hub, Singapore enters 2026 with a robust regulatory framework under the Monetary Authority of Singapore (MAS). Recent updates focus on strengthening digital asset safety and investor protection. Our 2026 guide highlights brokers that excel in this stable environment, offering MAS-regulated security, competitive pricing, and advanced platforms for sophisticated traders.
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Is forex trading regulated in Singapore?
Yes, forex trading is regulated by the Monetary Authority of Singapore (MAS). MAS-regulated brokers must meet strict capital requirements and maintain segregated client accounts.
Quick Picks
Key Features for Singapore Traders
Compare essential features of forex brokers available to Singapore residents.
| Broker | Action | ||
|---|---|---|---|
| IG Singapore | None | S$0 | Open Account |
| Saxo Markets | None | S$3000 | Open Account |
| OANDA | None | S$0 | Open Account |
| CMC Markets | None | S$0 | Open Account |
| City Index | None | S$150 | Open Account |
| Plus500 | None | S$150 | Open Account |
| Phillip Capital | S$5/lot | S$500 | Open Account |
| KGI Securities | S$6/lot | S$1000 | Open Account |
Detailed Broker Analysis
Best overall forex broker in Singapore.
IG Singapore is MAS-regulated and offers world-class trading platforms, excellent research, and over 17,000 markets accessible to Singaporean traders.
Pros
- Regulated by 8+ top-tier authorities (FCA, ASIC, CFTC, etc.)
- Huge range of 17,000+ instruments including options & futures
- FTSE 250 listed company with high financial transparency
- Top-tier educational academy and daily market analysis
Cons
- Admin fee on overnight funding increased to 1.5% (Dec 2026)
- Higher spreads on UK small-cap shares (2026 update)
- No Islamic (swap-free) account available
- MetaTrader 4 offering is limited compared to proprietary platform
Premium multi-asset trading for professionals.
Saxo Markets Singapore provides access to 185 forex pairs plus global stocks, bonds, and derivatives through their award-winning SaxoTraderGO platform.
Pros
- Licensed bank with investment-grade rating
- Regulated by multiple Tier-1 authorities
- Massive 70,000+ instrument selection
- Professional-grade platforms
Cons
- Higher minimum for premium tiers
- More expensive for small traders
- Complex platform for beginners
Trusted forex specialist since 1996.
OANDA is one of the oldest MAS-licensed forex brokers, known for transparent pricing, flexible position sizing, and reliable execution.
Pros
- Regulated by 6 Tier-1 authorities
- 28+ years of clean regulatory history
- No minimum deposit requirement
- Competitive spreads from 0.6 pips
Cons
- Inactivity fee after 12 months
- No individual stock CFDs
- Limited cryptocurrency offering
- Higher spreads than some ECN brokers
Next-gen platform with 9,000+ instruments.
CMC Markets Singapore offers their powerful Next Generation platform with extensive charting, pattern recognition, and over 330 forex pairs.
Pros
- Publicly traded & highly regulated
- Huge asset selection (12k+)
- Advanced platform features (NextGen)
Cons
- High stock CFD fees for small trades
- Data fees for some exchanges
Excellent mobile trading experience.
City Index (part of GAIN Capital) offers competitive pricing and an excellent mobile app for trading forex and CFDs on the go.
Pros
- Extremely safe (Publicly traded)
- Spread Betting tax benefits (UK)
- Great analytics
Cons
- MT4 offering is separate from proprietary platform
- Fees on share CFDs
Simple CFD trading platform.
Plus500 offers a user-friendly web-based platform for trading CFDs. Simple interface ideal for beginners, no commissions on trades.
Pros
- FTSE 250 listed - maximum transparency
- Regulated by 10+ global authorities
- User-friendly platform for beginners
- Free guaranteed stop orders
Cons
- $10/month inactivity fee after 3 months
- No MT4/MT5 or third-party platforms
- Limited research and analysis tools
- No automated trading support
Local Singapore broker with global reach.
Phillip Capital is a MAS-regulated Singapore broker offering local expertise with access to global markets. Their DGI Pay system enables fast local transfers.
Full-service brokerage for active traders.
KGI Securities Singapore offers comprehensive trading services including margin trading and research reports for active Singapore traders.
Frequently Asked Questions
Top Forex Brokers in Singapore for
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BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.
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January 2026