Best Forex Brokers in Singapore 2026
Singapore is a premier financial hub with the Monetary Authority of Singapore (MAS) providing world-class regulatory oversight. MAS-regulated brokers must meet strict capital requirements and comply with comprehensive conduct rules.
Regulators
MAS
Max Leverage
1:50
Brokers Reviewed
6
Is Forex Trading Legal in Singapore?
Forex trading is fully legal and well-regulated. Brokers must hold a Capital Markets Services (CMS) licence from MAS.
MAS limits retail forex leverage to 1:50. Singapore's regulatory framework is considered top-tier globally.
Top 6 Brokers for Singapore Traders
| Feature |  IG Overall 9.2/10 |  Interactive Brokers Overall 9.2/10 |  Saxo Bank Overall 9.0/10 |  Oanda Overall 8.4/10 |  Plus500 Overall 7.8/10 |
|---|---|---|---|---|---|
| Overall Score | 9.2/10 ✓ | 9.2/10 ✓ | 9.0/10 | 8.4/10 | 7.8/10 |
| Spreads From | 0.6 pips | 0.1 pips | 0.4 pips | 1.0 pips | 0.8 pips |
| Min Deposit Lower is better | $250 | $0 ✓ | $2000 | $0 ✓ | $100 |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | TWS, IBKR Mobile, IBKR GlobalTrader | SaxoTraderGO, SaxoTraderPRO | fxTrade, MT4, TradingView | Plus500 WebTrader, Plus500 App |
| Regulation | FCA, ASIC, MAS, BaFin | SEC, FCA, ASIC, MAS, IIROC | FCA, DFSA, MAS | FCA, ASIC, MAS | FCA, CySEC, ASIC, MAS |
| Markets | 17,000+ | 1,000,000+ ✓ | 72,000+ | 120+ | 2,800+ |
IG
Est. 1974 · London, UK
Min Deposit
$250
Spreads From
0.6 pips
Leverage
1:200
Instruments
17,000
Interactive Brokers
Est. 1978 · Greenwich, USA
Min Deposit
$0
Spreads From
0.1 pips
Leverage
1:50
Instruments
1,000,000
Saxo Bank
Est. 1992 · Copenhagen, Denmark
Min Deposit
$2000
Spreads From
0.4 pips
Leverage
1:200
Instruments
72,000
Oanda
Est. 1996 · New York, USA
Min Deposit
$0
Spreads From
1.0 pips
Leverage
1:200
Instruments
120
Plus500
Est. 2008 · Haifa, Israel
Min Deposit
$100
Spreads From
0.8 pips
Leverage
1:300
Instruments
2,800
Moomoo
Est. 2018 · Palo Alto, USA
Min Deposit
$0
Spreads From
N/A
Leverage
1:5
Instruments
7,000
Tips for Singapore Traders
Only use MAS-licensed brokers — check the MAS Financial Institutions Directory
Retail leverage is capped at 1:50 for forex CFDs
MAS regulation is considered among the best globally
SGD-denominated accounts are available with most major brokers
More broker shortlists for Singapore
These country-specific pages reuse the same market context, but narrow the shortlist by platform, trading style, or a tighter search intent.
Live PSEO pages: 1
Frequently Asked Questions
Is forex trading legal in Singapore?
Yes, forex trading is legal and regulated by MAS. Brokers must hold a CMS licence.
What is the leverage limit in Singapore?
MAS limits retail forex leverage to 1:50.
How do I verify a broker's MAS licence?
Check the MAS Financial Institutions Directory at mas.gov.sg.
Read the full reviews for the brokers available in Singapore
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IG review
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Interactive Brokers review
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
Saxo Bank review
Saxo Bank is a premium licensed bank offering 72,000+ instruments, award-winning proprietary platforms, and top-tier FCA/DFSA/MAS regulation.
Oanda review
Oanda is a veteran forex broker with nearly 30 years of history, top-tier FCA/ASIC/MAS regulation, premium analytics, and no minimum deposit.
Plus500 review
Plus500 is a publicly listed CFD broker offering a simple, commission-free platform with strong multi-regulator oversight and 2,800+ instruments.
Moomoo review
Moomoo is an ASIC/MAS-regulated stock trading platform offering commission-free trades, powerful research tools, and access to global stock markets.