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Singapore Forex Brokers

The average forex turnover volume in Singapore is ranges between $260 and $300 billion per day, ranking it among the five biggest forex centers across the globe. 


In 2012, South-East Asia registered significant growth in forex trading volumes for all asset classes. For a while now, Hong Kong, Sidney and Singapore have been competing for dominance in this region, and recently the latter overpowered the other two and has managed to reinforce its positions as a major global forex and OTC derivatives hub. 


Currently, more than 600 financial institutions are based in Singapore, and these range from banks to insurance companies to forex and CFD brokers. The operations of all these is overseen by the Monetary Authority of Singapore (MAS) – an organization empowered to act Singapore's central bank, manage the official foreign reserve of the country, to develop and promote Singapore as an international financial center, and – last but not least – to serve as a regulatory body when it comes to forex trading. In order to operate in the country, every broker must obtain a MAS license


Below is a list of forex brokers operating out of Singapore. 


Singapore Forex Brokers

Broker Regulated Min.deposit Leverage Platforms Review
$0 1:200 MT4, Web,
Review Website
$1 1:50 MT4, Web,
$10 000 1:100 Web, SaxoTrader Review
$200 1:400 MT4 Review
$25 1:100 Next Generation Review
£100 1:200 MT4, AT Pro,
Advantage Web
S$30 000 1:20 FlexFX, CQG Review
S$1000 1:35 iOCBC Review
S$5 000 1:50 MT4, UtradeFX
1:50 MT4 Review
S$3000 1:50 KE Forex Review
S$500 1:50 MT4, AT Pro Review
$1300 1:20 MT4 Review
S$5 000 1:20 Web Review

Related News

Singaporeans lose millions to investment scams

Oct 09 2019 12:03:28 Jonathan Smith in Market

  A growing number of Singaporeans have fallen victim to various frauds, and the largest sum lost in a single case this year was S$4.3 million, through an investment scam, as reported by The Independent Singapore. Read more

The Monetary Authority of Singapore caps leverage at 1:20

Oct 08 2019 16:15:51 Jonathan Smith in Market

  Following the global trend of imposing stricter rules for margin trading, the Monetary Authority of Singapore (MAS) introduced a leverage cap of 1:20 for retail investors. Read more

Gain Capital rolls out Bitcoin CFDs to Singapore, Australia

Jan 08 2018 14:34:27 Jonathan Smith in Brokers

 Gain Capital, one of the major global companies offering trading in forex, CFDs and other instruments, announced it is rolling out its Bitcoin CFDs to Australia and Singapore, through the regulated local subsidiaries of its City Index brand. Read more

Plus500 gets Singapore license

Dec 11 2017 14:15:41 Jonathan Smith in Brokers

Plus500, one of the major global forex and CFD brokerages, has added a Capital Markets Services license from the Monetary Authority of Singapore (MAS) to its collection of licenses. Read more

Singapore forex trades drop, main growth expected from institutions

Jul 17 2017 11:59:22 Jonathan Smith in Market

 Singapore, which according to the Bank of International Settlements data is among the three largest forex markets with an average daily volume of $517 billion in 2016, is keeping its position, despite the dropping number of trades, shows an Investment Trends report on the country's market. Read more

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