Forex & CFD brokers in Singapore
Compare costs, account features and the legal entity for Singaporean clients. Confirm your eligibility before applying.
Compare 16 brokers
Ranked by Clarity Score
Copy trading is not intended for EU/UK/AU-based audiences
Why this fits: Offshore entity only: Pepperstone Markets Limited (SCB) — outside MAS's rules · Max leverage there: 1000:1 (offshore entity)
Costs and charges may vary depending on the jurisdiction
Why this fits: Offshore entity only: Raw Trading Ltd (trading as IC Markets Global) (FSA SD018) — outside MAS's rules · Max leverage there: 500:1 (offshore entity)
The FTSE-100 original — 17,000+ markets since 1974; entity and products vary sharply by country.
Why this fits: Locally authorised entity: IG Asia Pte Ltd (MAS) · Max leverage: Varies by entity
Why this fits: Country coverage recorded for Singaporean clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Country coverage recorded for Singaporean clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for Singaporean clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Offshore entity only: Gleneagle Securities Pty Limited (VFSC 40256) — outside MAS's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: Eightcap Global Limited (SCB) — outside MAS's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: AxiTrader LLC (FSA 4303 LLC 2025) — outside MAS's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: XM Global Limited (FSC 8557558) — outside MAS's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Offshore entity only: RoboForex Ltd (FSC 9759600) — outside MAS's rules · Max leverage there: 2000:1 (offshore entity)
Why this fits: Country coverage recorded for Singaporean clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
The FCA prohibits the sale of cryptoasset derivatives to retail clients in the UK (COBS 22.6). Cryptocurrencies are high-risk and highly volatile; you could lose all the money you invest.
Why this fits: Country coverage recorded for Singaporean clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: — (entity unverified)
Why this fits: Country coverage recorded for Singaporean clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
ForexCopy is not compatible with MT5 accounts. Confirm the account and platform before applying.
Why this fits: Country coverage recorded for Singaporean clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 5000:1 (entity unverified)
We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
Regulator
MAS
Trading is legal and MAS-regulated firms are well supervised. Check the MAS Financial Institutions Directory.
Leverage rules
MAS regulates capital-markets services and applies leverage limits for retail clients. Verify the firm holds an MAS licence.
Common deposit methods
PayNow, Bank transfer, Card
The account landscape in Singapore
Our country coverage records include 16 of the 24 platforms for Singaporean clients. This is a research shortlist, not confirmation of account acceptance. We've recorded possible entity mappings for 8: 1 map to a locally authorised entity (tier 1–2), 1 of them tier-1, while 7 map to an offshore (tier-3) entity, whose leverage, compensation and complaint terms need a separate check. Confirm the company named on your own application and agreement. The table below lists 5 register-checked licence numbers so you can verify each firm yourself (MAS). On the numbers, the lowest all-in cost option here is Pepperstone. Offshore entities advertise more — up to 2000:1 at RoboForex — but that leverage comes without the local regulator's protections.
Which legal entity onboards a Singaporean client
The brand you see isn't always the entity on your client agreement. These are possible entity mappings for Singaporean clients, with licence details to verify on the official register. 7 records map to an offshore entity; confirm that company's terms and whether it accepts your application.
Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. A verified licence proves the entity holds that authorisation; it does not prove the entity onboards retail clients here, which is a separate check and is why rows marked “likely” stay unconfirmed. Yours may differ; always confirm the legal entity on the signup screen and the official register before depositing. Informational only, not financial advice.
Trading costs for Singaporean traders
Lowest all-in cost on our scan: Pepperstone. Indicative figures — verify the live schedule before funding.
| Platform | All-in cost | Spread from | Commission | Min deposit | Withdrawal | Max leverage (by route) |
|---|---|---|---|---|---|---|
| Pepperstone | $···· | 0 pips | $7/lot | $10 | Same–next day | 1000:1 (offshore entity) |
| IC Markets | $···· | 0 pips | $7/lot | $200 | Same–next day | 500:1 (offshore entity) |
| Blueberry Markets | $···· | 0 pips | $7/lot | $100 | Same–next day | 500:1 (entity unverified) |
| Fusion Markets | $···· | 0 pips | $4.5/lot | $0 | <1 hrBroker-stated | — (offshore entity) |
| ThinkMarkets | $$··· | 0 pips | $7/lot | $0 | 1–2 days | 500:1 (entity unverified) |
| Eightcap | $$··· | 0 pips | $7/lot | $100 | 1–2 daysSame-day cut-off | 500:1 (offshore entity) |
| Axi | $$··· | 0 pips | $7/lot | $0 | 1–3 daysBank transfers | — (offshore entity) |
| RoboForex | $$··· | 0 pips | $4/lot | $10 | Within hours | 2000:1 (offshore entity) |
| LiteFinance | $$··· | 0 pips | $5/lot | $50 | ≤24 hrs | 1000:1 (entity unverified) |
| HYCM | $$··· | 0.1 pips | $4/lot | $20 | 3–7 daysArrival · broker-stated | 500:1 (entity unverified) |
| FXTM | $$$·· | 0.1 pips | $4/lot | $10 | Same–next day | 1000:1 (entity unverified) |
| IG | $$$·· | 0.6 pips | — | $250 | 1–3 daysMethod-dependent | Varies by entity |
| XM | $$$·· | 1.6 pips | — | $5 | 1–2 days | 1000:1 (offshore entity) |
| ActivTrades | $$$·· | — | Check account quote | Check country terms | 1 business dayProcessing; broker-stated | — (entity unverified) |
| InstaForex | $$$·· | — | Check account quote | From USD1 | Method dependent | 5000:1 (entity unverified) |
Trading in Singapore — questions
Which legal entity could onboard a Singaporean client?
1 broker records map Singaporean clients to a locally authorised entity (MAS). 7 records map Singaporean residents to an offshore (tier-3) entity. This does not establish local authorisation or application acceptance; check that entity's leverage, compensation and complaint terms. For 8 we have not yet mapped the onboarding entity. Local oversight is MAS. Always confirm the entity named on your client agreement and its licence on the official register before depositing.
Which platform has the lowest cost in Singapore?
Among the 16 platforms in our country records for Singaporean traders, Pepperstone has the lowest all-in cost on our scan (spreads from 0 pips, $7/lot commission, $10 minimum). Costs change with account type and instrument — verify the live schedule before funding.
What leverage can I use in Singapore?
MAS regulates capital-markets services and applies leverage limits for retail clients. Verify the firm holds an MAS licence. 7 broker records map Singaporean residents to an offshore entity, where up to 2000:1 is advertised (RoboForex). This is not a confirmed offer for your account; check the contracting entity's terms. Higher leverage increases both potential gains and losses.
How does Clarytrade pick these platforms?
We rank by our published 8-criteria method, filter using our country coverage records, and show possible legal entities for Singaporean clients. Mappings and licences do not confirm application acceptance. Affiliate commission is weighted at 0%.