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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. 

Forex

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
$50 1:200 (1:50 in US) MT4, Web,
ForexTrader,
Tradable
Review
$10 000 1:100 Web, SaxoTrader Review
$200 1:400 MT4 Review
$25 1:100 Next Generation 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
  USD 100 (fiat only) 1:1 Review
Forex

Related News

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

Phillip Futures becomes first forex broker to adopt MT5 in Singapore

Jul 07 2017 12:37:44 Jonathan Smith in Brokers

 Phillip Futures, a Singapore forex broker, member of the PhillipCapital Group, said it is the first broker in the country to adopt the multi-asset trading platform MetaTrader 5 (MT5). Trading on MT5 is already available. Read more

Singapore's regulator warns of dangers of unregulated binary options brokers

Mar 14 2017 11:56:36 Jonathan Smith in Market

Singapore's financial services regulator, the Monetary Authority of Singapore (MAS) has published an advisory warning the investors of the dangers of trading with unregulated binary options brokers and platforms. Read more

OANDA broadens global technology footprint with Equinix in Singapore

Jan 25 2017 11:12:49 Jonathan Smith in Brokers

Canada-based forex broker Oanda  has further demonstrated their commitment to providing clients with ultra-low latency by extending their global partnership with interconnection and data centre provider Equinix, to Singapore. Read more

Forex
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