Singapore is one of Asia’s top financial hubs, offering a stable, well-regulated environment for forex trading. Retail and professional traders in the country benefit from strong regulatory oversight by the Monetary Authority of Singapore (MAS) and access to international brokers with localised services. This article highlights the best forex brokers in Singapore in 2025, comparing their regulation, spreads, platform features, and suitability for different trading profiles.

Is forex trading legal in Singapore?

Yes, forex trading is fully legal and regulated in Singapore. The Monetary Authority of Singapore (MAS) governs all capital market services, including leveraged FX. Key compliance standards include:

• Capital adequacy and client fund segregation
• Leverage restrictions for retail clients (typically up to 1:50)
• Licensing requirements for all brokers operating locally

Traders in Singapore can also use globally regulated offshore brokers, provided they meet international compliance standards.

Best forex brokers in Singapore (2025)

1. Vantage – Best overall forex broker for Singapore

• Regulation: ASIC, MAS exemption status
• Spreads: From 0.0 pips (Raw ECN)
• Commission: $3 per side
• Platform: MT4, MT5, TradingView
• Local support: Yes, Asia-based infrastructure
• Funding: Local bank wire, credit card
• Best for: Scalpers, EA traders, professionals

2. IG Singapore – MAS-regulated broker

• Regulation: MAS (CMS license holder)
• Spreads: From 0.6 pips
• Commission: None (spread-based model)
• Platform: IG proprietary, MT4, ProRealTime
• Local support: Singapore branch, in-person events
• Funding: FAST bank transfers, PayNow
• Best for: Multi-asset traders and regulated clients

3. Saxo Markets Singapore – Premium MAS-regulated broker

• Regulation: MAS (Tier-1 CMS licence)
• Spreads: From 0.4 pips (EUR/USD)
• Commission: $4 per lot equivalent
• Platform: SaxoTraderGO, MT4
• Local support: Yes (Robinson Road HQ)
• Funding: SGD local bank transfers
• Best for: High-net-worth and professional traders

4. Exness – Offshore broker with SGD deposit support

• Regulation: FCA, FSCA, CySEC (not MAS)
• Spreads: From 0.0 pips (Zero account)
• Commission: Variable per instrument
• Platform: MT4, MT5
• Local support: Asia-focused client desk
• Funding: SGD via online banking, USDT
• Best for: EA users and high-leverage traders

5. TibiGlobe – Low-deposit broker for emerging traders

• Regulation: EU-compliant offshore
• Spreads: From 0.1 pips (Standard), 0.0 (Pro)
• Commission: $2.50 per side (Pro account)
• Platform: MT5
• Local support: English/Mandarin service
• Funding: SGD via PayNow/GrabPay/Bank
• Best for: New and budget-conscious traders

Broker comparison table for Singapore

Things to look for as a trader in Singapore

• MAS licence or Tier-1 offshore regulation
• SGD funding support (no conversion fees)
• Fast local withdrawals via FAST or PayNow
• Low-latency Asia servers for better execution
• Client service in English, Mandarin, or Malay

Key takeaways

• Singaporean traders can use both MAS-regulated brokers and globally compliant offshore brokers
• Vantage, IG, and Saxo are top-tier choices offering safety and advanced tools
• Exness and TibiGlobe offer lower spreads and leverage for EA or budget traders
• Look for SGD support, MAS oversight, and low-latency infrastructure for best results
• Always verify a broker’s compliance before funding your account

Frequently Asked Questions

Is forex trading legal in Singapore?

Yes. Forex trading is legal and regulated by the Monetary Authority of Singapore (MAS), which oversees capital market activities.

What is the best MAS-regulated forex broker?

IG Singapore and Saxo Markets are the top MAS-licensed forex brokers with robust compliance and localised service.

Can I trade forex with SGD?

Yes. Top brokers like Saxo, Vantage, and TibiGlobe support SGD funding via local transfers or e-wallets.

Which broker offers the lowest spreads in Singapore?

Vantage and TibiGlobe offer the lowest raw spreads (from 0.0 pips) combined with low commissions.

Are offshore brokers safe to use in Singapore?

Yes, if they are regulated by Tier-1 entities (FCA, ASIC, CySEC) and have strong transparency and client fund protection.

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