Forex Trading in Singapore: What You Need to Know
Singapore forex traders benefit from a well-regulated trading environment overseen by the Monetary Authority of Singapore (MAS). Understanding local regulations, tax obligations, and available brokers is essential before opening an account.
Regulation & Investor Protection
The Monetary Authority of Singapore (MAS) (MAS) oversees forex brokers operating in Singapore. When choosing a broker, always verify their MAS registration status to ensure your funds are protected.
- MAS is one of Asia's most respected financial regulators
- No capital gains tax makes Singapore attractive for traders
- Major Asian forex hub with deep liquidity
- Conservative leverage limits protect retail traders
Tax Implications
Tax Treatment in Singapore
No capital gains tax on forex trading profits. Always consult a qualified tax advisor for your specific situation.
Leverage & Trading Conditions
Maximum retail leverage in Singapore is capped at 20:1 (retail). While lower leverage reduces potential profits per trade, it significantly reduces the risk of catastrophic losses — a protection that benefits most retail traders.
Best Trading Hours
Asian session (00:00–09:00 GMT) — overlap with Tokyo and Sydney. Traders in Singapore should focus on sessions with the highest liquidity for their preferred currency pairs.
Top Forex Brokers in Singapore for 2026
Selected based on regulatory status, trading conditions, platform quality, and suitability for Singapore-based traders.
IG Group
One of the top-rated brokers available to traders in Singapore. Offers competitive trading conditions with strong regulatory compliance and local payment support.
Saxo Bank
One of the top-rated brokers available to traders in Singapore. Offers competitive trading conditions with strong regulatory compliance and local payment support.
OANDA
One of the top-rated brokers available to traders in Singapore. Offers competitive trading conditions with strong regulatory compliance and local payment support.
CMC Markets
One of the top-rated brokers available to traders in Singapore. Offers competitive trading conditions with strong regulatory compliance and local payment support.
Interactive Brokers
One of the top-rated brokers available to traders in Singapore. Offers competitive trading conditions with strong regulatory compliance and local payment support.
Risk Warning
Forex and CFD trading carries a high level of risk. Between 70-80% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford the high risk of losing your money.
How to Choose a Forex Broker in Singapore
- Regulation: Ensure the broker is authorised by the MAS or an equivalent Tier-1 regulator
- Trading Costs: Compare spreads, commissions, and overnight financing charges
- Platform Choice: Check if the broker offers your preferred platform (MT4, MT5, cTrader, or proprietary)
- Deposit/Withdrawal: Verify support for local payment methods and SGD accounts
- Customer Support: Check availability of local-language support and response times
Not Sure Which Broker to Choose?
Our AI analyses your trading profile and matches you with the best MAS-regulated broker for your needs.