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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,
ProRealTime,
2Dealer
Review Website
$1 1:50 MT4, Web,
fxTrade
Review
$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
Review
S$30 000 1:20 FlexFX, CQG Review
S$1000 1:35 iOCBC Review
S$5 000 1:50 MT4, UtradeFX
Elite
Review
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

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