Last updated April 12, 2026
Compare the top forex brokers regulated by the Monetary Authority of Singapore (Singapore). Verified licenses and deep liquidity.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Written by
Edina Balazs
Fact Checked by
David Okonjo
Monetary Authority of Singapore is the financial regulatory body in Singapore. It is considered a Tier 1 regulator, meaning it provides the highest level of oversight and client protection.
MAS is a world-leading financial authority. It imposes extreme barriers to entry for brokers, demanding high capital reserves, flawless operational history, and strict audits. A MAS license indicates a broker of the highest institutional pedigree.
| Broker | Link | ||
|---|---|---|---|
| IC Markets | $200 | 1:1000 (Global) | 1:30 (Retail) | Open |
| FxPro | $100 | 1:200 (Pro) | 1:30 (Retail) | Open |
| IG | $250 ($0 bank transfer) | 1:30 (Retail UK/EU) | 1:200 (Pro) | Open |
| Interactive Brokers | $0 | 1:50 (US) | 1:30 (EU) | 1:500 (Pro) | Open |
| OANDA | $0 | 1:50 (US) | 1:30 (EU/UK) | 1:200 (BVI) | Open |
| CMC Markets | $0 | 1:30 (Retail) | 1:500 (Pro) | Open |
| Saxo Bank | $2,000 | 1:30 (Retail) | 1:66 (Pro) | Open |
| Forex.com | $100 | 1:50 (US) | 1:30 (UK/EU) | 1:400 (Global) | Open |
IC Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Raw) | 0.8 pips (Standard) on EUR/USD, and $200 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
FxPro is a multi-regulated broker with MT4, MT5, cTrader, FxPro Platform access, 0.0 pips (Raw+) | 1.2 pips (Standard) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Founded in 1974 and headquartered in London, UK, IG is a highly rated broker offering 80+ forex pairs. They are regulated by MAS providing strong client safety.
Founded in 1978 and headquartered in Greenwich, CT, USA, Interactive Brokers is a highly rated broker offering 100+ forex pairs. They are regulated by MAS providing strong client safety.
Founded in 1996 and headquartered in New York, USA, OANDA is a highly rated broker offering 70+ forex pairs. They are regulated by MAS providing strong client safety.
Founded in 1989 and headquartered in London, UK, CMC Markets is a highly rated broker offering 300+ forex pairs. They are regulated by MAS providing strong client safety.
Founded in 1992 and headquartered in Copenhagen, Denmark, Saxo Bank is a highly rated broker offering 185+ forex pairs. They are regulated by MAS providing strong client safety.
Founded in 2001 and headquartered in Bedminster, NJ, USA, Forex.com is a highly rated broker offering 80+ forex pairs. They are regulated by MAS providing strong client safety.
Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 60+ brokers each quarter using real funded accounts.
The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.
Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.
Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.
MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.
MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.
A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.
The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Get your personalized toplist:
FIND MY BROKERInformation on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our AI Content Policy.
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 the country-acceptance status captured in our latest eligibility checks.
Best Forex Brokers
Beginners
Day Trading
Swing Trading
Scalping
HFT Brokers
Hedging Brokers
NDD Brokers
Gold Brokers
No Min Deposit
United States
United Kingdom
Australia
Europe
UAE/Dubai
Singapore
Canada
South Africa
