Best Forex Brokers in Singapore πŸ‡ΈπŸ‡¬

Compare MAS-regulated forex brokers with the best trading conditions for Singapore-based traders. This list covers brokers whose licence for this jurisdiction PipsPal has recorded; a broker we cannot evidence is left off rather than listed under a licence we cannot show.

Updated October 2026Every broker in our database Editorially independent
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Top 6 Forex Brokers

Ranked on the factors above — this order reflects fit for this specific use case, not overall broker quality. The rating shown on each card is our general assessment, which is why a lower-rated broker can rank higher here.

#1

Saxo Bank

4.1
β˜…β˜…β˜…β˜…
FINANSTILSYNETFCAFINMAMASSFCJFSA
Overall rating
4.1
EUR/USD
1
Min Deposit
$0
Platforms
SaxoTraderGO Β· SaxoTraderPRO Β· SaxoInvestor
Regulation
FINANSTILSYNET, FCA, FINMA
Founded
1992
Why Saxo Bank ranks here

Holds 6 tier-1 licences (FINANSTILSYNET, FCA, FINMA, MAS, SFC, JFSA). Operating since 1992. EUR/USD averages 1 pip.

#2

Plus500

3.7
β˜…β˜…β˜…Β½
ASICFCAMAS
Overall rating
3.7
EUR/USD
1.2
Min Deposit
$100
Platforms
Plus500 WebTrader Β· Plus500 Mobile App
Regulation
ASIC, CySEC, FCA
Founded
2008
Why Plus500 ranks here

Holds 3 tier-1 licences (ASIC, FCA, MAS). Operating since 2008. EUR/USD averages 1.2 pips.

#3

StoneX Trading

3.6
β˜…β˜…β˜…Β½
FCAASICMAS
Overall rating
3.6
EUR/USD
2.01
Min Deposit
$0
Platforms
Web Trader (proprietary) Β· MetaTrader 4 Β· TradingView
Regulation
FCA, ASIC, MAS
Founded
1983
Why StoneX Trading ranks here

Holds 3 tier-1 licences (FCA, ASIC, MAS). Operating since 1983. EUR/USD averages 2.01 pips.

#4

Swissquote

4.2
β˜…β˜…β˜…β˜…
FINMAFCAMASCSSF (Luxembourg)SFC (Hong Kong)
Overall rating
4.2
EUR/USD
0.78
Min Deposit
$1000
Platforms
CFXD (proprietary) Β· MetaTrader 4 Β· MetaTrader 5
Regulation
FINMA, FCA, MAS
Founded
1996
Why Swissquote ranks here

Holds 5 tier-1 licences (FINMA, FCA, MAS, CSSF (Luxembourg), SFC (Hong Kong)). Operating since 1996. EUR/USD averages 0.78 pips.

#5

Forex.com

3.8
β˜…β˜…β˜…β˜…
FCAASICCIROMASJFSACFTC/NFA
Overall rating
3.8
EUR/USD
1
Min Deposit
$100
Platforms
Forex.com Web Trader Β· MetaTrader 4 Β· MetaTrader 5
Regulation
FCA, ASIC, CIRO
Founded
2001
Why Forex.com ranks here

Holds 6 tier-1 licences (FCA, ASIC, CIRO, MAS, JFSA, CFTC/NFA). Operating since 2001. EUR/USD averages 1 pip.

#6

eToro

3.8
β˜…β˜…β˜…β˜…
ASICFCAMAS
Overall rating
3.8
EUR/USD
1
Min Deposit
$50
Platforms
eToro Platform
Regulation
ASIC, CySEC, FCA
Founded
2007
Why eToro ranks here

Holds 3 tier-1 licences (ASIC, FCA, MAS). Operating since 2007. EUR/USD averages 1 pip.

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