🇸🇬Singapore Expert-reviewed Updated May 2026
Best Brokers in Singapore (2026)
12 top-rated brokers ranked for traders in Singapore. Every pick is independently scored on regulation, fees, platforms and markets — no paid placements.
Quick Answer
There are 26 regulated brokers available to traders in Singapore, led by Interactive Brokers (4.43/5). 12 of them hold tier-1 licences (FCA, ASIC, CySEC or equivalent). Average minimum deposit is $304. Forex trading in Singapore is regulated by the Monetary Authority of Singapore (MAS).
See all brokers below26
Brokers available
12 of 12
Tier-1 regulated
$304
Avg min deposit
1:500
Max leverage
Trading in Singapore
Forex and CFD trading in Singapore is regulated by the Monetary Authority of Singapore (MAS). Traders should look for brokers that hold a licence from MAS or an equivalent recognised regulator such as FCA (UK), ASIC (Australia), or CySEC (EU) to ensure fund safety and regulatory protection.
When choosing a broker in Singapore, key factors include regulatory status, segregated client funds, competitive spreads, and a platform suited to your trading style. Our rankings above are filtered to brokers that accept clients from Singapore.
Top 3 brokers in Singapore compared
Top 12 Brokers in Singapore
How we chose: We evaluated 26 brokers available to traders in Singapore and ranked them by MAS compliance, trading fees, platform quality, and markets offered. Only brokers with verifiable regulation and segregated client funds were included. Scores are calculated by our independent rating algorithm — no broker pays for placement.
#1 Top Pick in Singapore
Regulated: SEC, CFTC, FCA
Spread from: 0.2 pips
Min deposit: None
Markets: stocks, forex, cfd, indices
Advanced tools for professional traders Access to 150+ markets in 33 countries
Regulated: FCA, CFTC, ASIC
Spread from: 0.8 pips
Min deposit: $100
Markets: forex, cfd, stocks, indices
Regulated: FCA, ASIC, MAS
Spread from: 0.6 pips
Min deposit: $250
Markets: cfd, forex, stocks, indices
Regulated: FCA, CFTC, ASIC
Spread from: 0.6 pips
Min deposit: None
Markets: forex, cfd, indices, commodities
Regulated: FCA, ASIC, MAS
Spread from: 0.5 pips
Min deposit: None
Markets: cfd, forex, stocks, indices
Regulated: FCA, ASIC, MAS
Spread from: 0.7 pips
Min deposit: None
Markets: cfd, forex, stocks, indices
Regulated: FCA, MAS, ASIC
Spread from: 0.4 pips
Min deposit: $2000
Markets: stocks, forex, cfd, indices
Regulated: FCA, CySEC, ASIC
Spread from: 0.6 pips
Min deposit: $100
Markets: cfd, forex, stocks, indices
Regulated: FCA, ASIC, MAS
Spread from: 0.9 pips
Min deposit: $100
Markets: forex, cfd, crypto, stocks
Regulated: FCA, MAS
Spread from: 1.3 pips
Min deposit: $1000
Markets: forex, stocks, cfd, crypto
Regulated: MAS, ASIC
Spread from: 0 pips
Min deposit: None
Markets: stocks, forex, cfd, indices
Regulated: FCA, MAS
Spread from: 0.1 pips
Min deposit: $100
Markets: forex, cfd, stocks, indices
Compare top brokers in Singapore
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Risk warning: Trading CFDs and forex carries significant risk and may not be suitable for all investors. Ensure you understand the risks involved before depositing any funds. Capital is at risk.
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Frequently Asked Questions
1Which broker is best for traders in Singapore?
Interactive Brokers is our top-rated broker available in Singapore with a BrokerRank score of 4.43/5, offering competitive fees, strong regulation, and a wide range of markets.
2Who regulates forex trading in Singapore?
Forex trading in Singapore is regulated by the Monetary Authority of Singapore (MAS). Brokers operating in Singapore should hold a licence from MAS or an equivalent recognised regulator. International brokers regulated by FCA (UK), ASIC (Australia) or CySEC (EU) are also commonly used by traders in Singapore.
3Is forex trading legal in Singapore?
Yes, forex trading is legal in Singapore and is regulated by the Monetary Authority of Singapore (MAS). Traders should use brokers that are licensed by MAS or hold equivalent international regulation to ensure legal protection and fund safety.
4Are online brokers legal in Singapore?
Online forex and CFD trading is legal in Singapore when using a regulated broker. The primary regulator is Monetary Authority of Singapore (MAS). Always verify that the broker you choose holds a valid licence from a recognised financial regulator before depositing funds.
5Is it safe to trade forex in Singapore?
Trading forex in Singapore is safe when you use a properly regulated broker. Choose a broker licensed by MAS, which requires client fund segregation, regular audits, and transparent pricing. Key safety measures include: keeping funds in segregated accounts, enabling two-factor authentication, and never investing more than you can afford to lose.
6What should I look for in a broker as a trader in Singapore?
Key factors include MAS regulation or equivalent, local currency support to avoid conversion fees, competitive spreads, and a platform that suits your trading style. Our rankings above are filtered to brokers that accept clients from Singapore.
7Do I need to pay tax on forex profits in Singapore?
Tax treatment of forex trading profits varies by country and individual circumstances. In Singapore, trading profits may be subject to capital gains tax, income tax, or other levies depending on your trading frequency and status. Consult a qualified tax advisor in Singapore for guidance specific to your situation. BrokerRank does not provide tax advice.
8How do I compare brokers in Singapore?
Use BrokerRank's comparison tool to view any two brokers side-by-side across fees, regulation, platforms and markets. Visit /compare to build your own comparison.
9What is the best forex broker in Singapore for beginners?
For beginner traders in Singapore, the best forex broker is one with a low minimum deposit, an intuitive platform, and strong educational resources. Interactive Brokers is our top-rated pick for Singapore overall. Look for brokers offering demo accounts, clear fee structures, and responsive customer support in your language.
10What does MAS regulation mean for Singapore traders?
MAS (Monetary Authority of Singapore) is one of Asia's most respected regulators. MAS-licensed brokers must meet strict capital requirements (minimum S$1 million), segregate client funds, submit to regular audits, and provide fair dealing outcomes. MAS regulation means stronger client protection than brokers regulated only in offshore jurisdictions. Always verify a broker's MAS Capital Markets Services (CMS) licence on the MAS Register before depositing.
11What leverage is allowed for Singapore retail traders?
MAS-regulated brokers in Singapore can offer leverage up to 1:20 on major forex pairs for retail clients under MAS's leverage guidelines. This is higher than EU limits (1:30) but with similar client protection standards. Singapore professional investors can access higher leverage. Our Singapore rankings include leverage details for each broker.
Deposit methods accepted by top brokers in Singapore
Bank Wire12/12
Credit Card12/12
Skrill12/12
Neteller12/12
PayPal10/12
Crypto7/12
Based on 12 top-rated brokers available in Singapore. Bank transfer and credit cards are universally accepted.
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Singapore broker regulation
Brokers available in Singapore are regulated by Monetary Authority of Singapore (MAS).
MAS Regulator Review — requirements, broker list, safety rating