Singapore
Best Forex Trading Brokers in Singapore
Compare the top-rated brokers for Forex Trading with scores up to 95/100. Benefit from strong regulation in this major financial hub.
Last updated: July 2026
We compared the 5 best forex trading brokers available to traders in Singapore. Saxo Bank leads the ranking, ahead of FxPro, with a 4.7/5 rating. Minimum deposits start from $0, and fees begin at Variable. Compare each broker's strengths and trade-offs below.
Broker snapshot — Singapore
- Brokers compared
- 5
- Minimum deposit
- $0–$2000
- Highest rated
- FxPro (4.8/5)
- Most established
- Interactive Brokers · 47 yrs
- Popular platforms
- SaxoTraderGO, SaxoTraderPRO, Mobile App, FxPro Trading Platform
- Markets covered
- Stocks, ETFs, Forex, CFDs, Options, Futures
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Forex Trading Broker Comparison — Singapore
| # | Broker | Rating | Min deposit | Trading fees | Trust score | Regulation |
|---|---|---|---|---|---|---|
| 1 | Saxo Bank | ★ 4.7/5 | $2000 | Variable | 97/100 | FCA, CySEC |
| 2 | FxPro | ★ 4.8/5 | $100 | Spread only | 95/100 | FCA, CySEC |
| 3 | Swissquote | ★ 4.6/5 | $1000 | Variable | 98/100 | FINMA, FCA |
| 4 | Interactive Brokers | ★ 4.8/5 | — | $0.0005 to $0.0035 per share | 95/100 | SEC, FINRA |
| 5 | Capital.com | ★ 4.8/5 | $20 | Spread only | 94/100 | FCA, CySEC |
Best Brokers for Forex Trading
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Saxo Bank
Trading fees
Variable
Min deposit
$2000
Platforms
SaxoTraderGO, SaxoTraderPRO, Mobile App
Regulation
FCA, CySEC, MAS, ASIC, DFSA
Advantages
- Professional trading platforms
- Wide range of markets
Disadvantages
- High minimum deposit
- Higher fees than competitors
FxPro
Trading fees
Spread only
Min deposit
$100
Platforms
FxPro Trading Platform, MetaTrader 4, MetaTrader 5, cTrader
Regulation
FCA, CySEC, FSCA, SCB, DFSA
Advantages
- Multiple trading platforms
- Competitive spreads
Disadvantages
- Limited stock offerings
- No US clients accepted
Swissquote
Trading fees
Variable
Min deposit
$1000
Platforms
Advanced Trader, Mobile App, MetaTrader 5
Regulation
FINMA, FCA, DFSA, MAS
Advantages
- Swiss bank security
- Wide product range
Disadvantages
- High minimum deposit
- Higher trading fees
Interactive Brokers
Trading fees
$0.0005 to $0.0035 per share
Min deposit
See website
Platforms
TWS, IBKR Mobile, Web Portal
Regulation
SEC, FINRA, FCA, CySEC, MAS
Advantages
- Lowest trading fees in the industry
- Most trusted regulatory licenses
Disadvantages
- Complex platform for beginners
- High minimum for margin accounts
Capital.com
Trading fees
Spread only
Min deposit
$20
Platforms
Capital.com Platform, MetaTrader 4, Mobile App
Regulation
FCA, CySEC, ASIC, FSA, NBRB
Advantages
- AI-powered trading insights
- Commission-free trading
Disadvantages
- CFDs only
- No crypto withdrawal
How to choose a broker in Singapore
Retail trading is growing quickly across Asia. In Singapore, look for brokers with reliable local funding options, competitive spreads, and a dependable mobile experience.
For forex trading in Singapore, spreads and overnight financing costs matter most. Compare typical spreads on the major currency pairs, execution speed, and the range of pairs offered before opening an account.
What to look for
Regulation & safety
Confirm the broker is authorised to serve clients in your country and that client funds are appropriately safeguarded.
Fees & spreads
Compare trading commissions, spreads, and non-trading fees such as withdrawals or inactivity charges.
Deposits & withdrawals
Check for funding methods that work locally, and review minimum deposit requirements and processing times.
Platform & app
Make sure the web and mobile platforms are stable, easy to use, and offer the tools you need.
Available markets
Verify the broker offers the assets you want to trade, whether stocks, ETFs, forex, or crypto.
Support & language
Look for responsive customer support, ideally in your preferred language and time zone.
Practice before you trade
New to investing? Build confidence first with a free stock market simulator — trade with virtual money on real market data before risking a cent.
Try the free simulator→How we rate brokers
Every broker is scored on the factors that shape real trading outcomes: total cost (fees and spreads), regulation and safety, platform quality and reliability, the range of available markets, and the depth of research and education. Ratings are reviewed regularly and updated as brokers change their offerings.
Frequently Asked Questions
What is the best forex trading broker in Singapore in 2026?
Based on our analysis, Saxo Bank is the top-rated forex trading broker in Singapore for 2026, with a 4.7/5 rating and 97/100 trust score. They are regulated by FCA, CySEC, MAS, ASIC, DFSA and offer trading fees starting at Variable.
How many forex trading brokers are available in Singapore?
There are currently 5 regulated forex trading brokers accepting traders from Singapore, including Saxo Bank, FxPro, Swissquote.
What is the minimum deposit for forex trading trading in Singapore?
The lowest minimum deposit among forex trading brokers in Singapore is $0 (Interactive Brokers). Minimum deposits range from ${minDeposit} to $2000 depending on the broker and account type.
Are online brokers safe to use in Singapore?
Yes, the brokers listed on our site are regulated by reputable financial authorities. For example, Saxo Bank is regulated by FCA, CySEC, MAS, ASIC, DFSA. We recommend always verifying a broker's regulatory status before opening an account.
How do we rate and compare brokers?
We evaluate brokers based on trading fees, minimum deposits, available platforms, regulatory compliance, user ratings, and trust scores. Each broker is rated on a 1-5 star scale and assigned a trust score out of 100 based on their regulatory standing and track record.
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Reviewed by Three Investeers Team · Financial Education Team
Our team of experienced traders and financial educators is dedicated to making investing accessible to everyone. With decades of combined market experience, we provide research-backed insights and unbiased reviews.
How We Review Brokers
Our broker reviews are based on extensive hands-on testing and independent research. We evaluate each broker across multiple criteria including fees, platform usability, available instruments, regulation, customer support, and educational resources. Scores are calculated using a weighted methodology that prioritizes factors most important to each trading category.
Independent reviews — not influenced by broker partnerships
Hands-on testing — we open real accounts to evaluate platforms
Regular updates — reviews are refreshed as brokers change their offerings
Fact-checked — all data verified against official broker sources
Disclaimer: Some links on this page may be affiliate links. We may receive a commission if you open an account through our links, at no extra cost to you. This does not affect our ratings or editorial independence.