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Forex brokers in Singapore

11 of the 97 brokers we rate hold a licence from the Monetary Authority of Singapore (MAS), and 95 in total will open an account for someone in Singapore. The gap between those two numbers is the most useful thing on this page.

How this page is builtWe hold each broker's own list of the countries it will not serve, so "accepts you" means "does not exclude you" - not a promise your application will be approved. Local regulation is read from the licences each broker publishes. Both lists are in rating order, and brokers holding no licence at all are left off entirely.

Regulated in Singapore

These 11 brokers hold a licence from the Monetary Authority of Singapore (MAS). That is a different proposition from a broker that merely accepts your application: a regulator in your own country supervises the entity holding your money, and you have somewhere local to complain when it goes wrong.

  1. Plus500 logoPlus500FCAASIC+138.9/10Get startedFind out more
  2. eToro logoeToroFCACySEC+58.8/10Get startedFind out more
  3. MultiBank Group logoMultiBank GroupASICMAS+68.5/10Get startedFind out more
  4. CMC Markets logoCMC MarketsFCAASIC+58.0/10Get startedFind out more
  5. IG logoIGFCAASIC+88.0/10Get startedFind out more
  6. Saxo Bank logoSaxo BankFSA (Denmark)FCA+78.0/10Get startedFind out more
  7. FOREX.com logoFOREX.comCFTC/NFAFCA+67.7/10Get startedFind out more
  8. Swissquote logoSwissquoteFINMAFCA+57.7/10Get startedFind out more
  9. Interactive Brokers logoInteractive BrokersSFC (Hong Kong)6.5/10Get startedFind out more
  10. OANDA logoOANDACFTC/NFAFCA+46.4/10Get startedFind out more

The ten highest rated of 11. The rest appear in the full list below.

What that licence actually protects

MAS applies some of the tightest conduct requirements in the region and licenses comparatively few retail brokers, so a MAS licence is a meaningful signal rather than one entry on a long list.

Retail leverage is capped at 1:20 on major currency pairs for retail clients. Brokers advertising far more are offering it through entities outside Singapore, and which entity takes your account is decided by where you live rather than by which you would prefer.

MAS requires client money to be segregated with an approved institution; there is no retail compensation scheme equivalent to the FSCS.

None of it protects you from losing money on your own trades. It protects you from the firm failing, misusing client money or refusing to deal with a complaint - the risks you cannot manage yourself.

Trust metrics for brokers regulated in Singapore
BrokerRegulatorsFoundedClient money segregatedNegative balance protectionCompensation scheme
Plus500 logoPlus5008.9FCAASICCySEC+122008YesYesFSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients
eToro logoeToro8.8FCACySECASIC+42007YesYesFSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients; SIPC up to $500,000 including $250,000 cash for eligible US securities clients
MultiBank Group logoMultiBank Group8.5ASICMASCySEC+52005YesYesLloyd's of London excess-loss insurance up to $1 million per account under MEX Atlantic; statutory protection varies by entity
CMC Markets logoCMC Markets8.0FCAASICBaFin+41989YesYesFSCS up to £85,000 for eligible UK clients; EdW protection up to €20,000 for eligible German clients; CIPF protection for eligible Canadian investment accounts
IG logoIG8.0FCAASICBaFin+71974YesYesFSCS up to £85,000 for eligible UK clients; statutory schemes vary by regulated entity
Saxo Bank logoSaxo Bank8.0FSA (Denmark)FCAASIC+61992YesYesDanish DGS: cash deposits up to €100,000 and unreturned securities up to €20,000
FOREX.com logoFOREX.com7.7CFTC/NFAFCAASIC+52001YesYesFSCS up to £85,000 for eligible UK clients; CIPF protection for eligible Canadian clients; ICF up to €20,000 for eligible CySEC clients; no equivalent statutory US forex compensation scheme
Swissquote logoSwissquote7.7FINMAFCACySEC+41996YesYesSwiss esisuisse deposit protection up to CHF 100,000; eligible EU CFD clients protected up to €20,000
Interactive Brokers logoInteractive Brokers6.5SFC (Hong Kong)1978YesYesSIPC up to $500,000 including $250,000 cash limit for eligible US securities accounts; jurisdiction-specific schemes elsewhere
OANDA logoOANDA6.4CFTC/NFAFCAASIC+31996YesYesJurisdiction-dependent; eligible UK clients may receive FSCS protection

Every broker that accepts clients in Singapore

95 brokers, in rating order. The 11 with a local licence are included here too, so this is the whole picture rather than the remainder.

  1. IC Markets logoIC MarketsASICCySEC+39.5/10Get startedFind out more
  2. TabTrade logoTabTradeFSC (Mauritius)9.3/10Get startedFind out more
  3. AvaTrade logoAvaTradeCentral Bank of IrelandASIC+89.2/10Get startedFind out more
  4. XM logoXMCySECASIC+39.1/10Get startedFind out more
  5. FxPro logoFxProFCACySEC+39.1/10Get startedFind out more
  6. Markets.com logoMarkets.comCySECFSCA (South Africa)9.0/10Get startedFind out more
  7. Plus500 logoPlus500FCAASIC+138.9/10Get startedFind out more
  8. Admirals logoAdmiralsFCACySEC+68.9/10Get startedFind out more
  9. eToro logoeToroFCACySEC+58.8/10Get startedFind out more
  10. Eightcap logoEightcapASICFCA+48.7/10Get startedFind out more
  11. easyMarkets logoeasyMarketsCySECASIC+38.6/10Get startedFind out more
  12. MultiBank Group logoMultiBank GroupASICMAS+68.5/10Get startedFind out more
  13. HF Markets logoHF MarketsFCACySEC+58.5/10Get startedFind out more
  14. FXTM logoFXTMFSC (Mauritius)FSCA (South Africa)+18.3/10Get startedFind out more
  15. GO Markets logoGO MarketsASICCySEC+18.3/10Get startedFind out more
  16. ThinkMarkets logoThinkMarketsASICFCA+78.2/10Get startedFind out more
  17. CMC Markets logoCMC MarketsFCAASIC+58.0/10Get startedFind out more
  18. IG logoIGFCAASIC+88.0/10Get startedFind out more
  19. Saxo Bank logoSaxo BankFSA (Denmark)FCA+78.0/10Get startedFind out more
  20. FXOpen logoFXOpenFCACySEC7.9/10Get startedFind out more
  21. FP Markets logoFP MarketsASICCySEC+47.9/10Get startedFind out more
  22. Moneta Markets logoMoneta MarketsFCAFSCA (South Africa)+27.8/10Get startedFind out more
  23. Libertex logoLibertexCySECBaFin7.8/10Get startedFind out more
  24. IronFX logoIronFXASICFSC (BVI)+17.8/10Get startedFind out more
  25. Axi logoAxiASICFCA+27.8/10Get startedFind out more
  26. Tickmill logoTickmillFCACySEC+37.8/10Get startedFind out more
  27. ACY Securities logoACY SecuritiesASICFSCA (South Africa)7.8/10Get startedFind out more
  28. Fusion Markets logoFusion MarketsASICFSA (Seychelles)+17.8/10Get startedFind out more
  29. TMGM logoTMGMASICVFSC (Vanuatu)+27.7/10Get startedFind out more
  30. FOREX.com logoFOREX.comCFTC/NFAFCA+67.7/10Get startedFind out more
  31. Swissquote logoSwissquoteFINMAFCA+57.7/10Get startedFind out more
  32. Dukascopy logoDukascopyFINMAFSA (Japan)+17.7/10Get startedFind out more
  33. ActivTrades logoActivTradesFCAFSC (Mauritius)+17.7/10Get startedFind out more
  34. Exness logoExnessCySECFCA+97.7/10Get startedFind out more
  35. Blueberry Markets logoBlueberry MarketsASICFSC (Mauritius)+17.6/10Get startedFind out more
  36. Charles Schwab logoCharles SchwabSECFINRA+17.6/10Get startedFind out more
  37. EC Markets logoEC MarketsFCAASIC+37.6/10Get startedFind out more
  38. FXCM logoFXCMFCAASIC+27.6/10Get startedFind out more
  39. Webull logoWebullSECFINRA+17.6/10Get startedFind out more
  40. HYCM logoHYCMFCADFSA (DIFC)7.6/10Get startedFind out more
  41. Skilling logoSkillingCySECFSA (Seychelles)7.5/10Get startedFind out more
  42. Trade.com logoTrade.comCySECFCA+27.5/10Get startedFind out more
  43. Trading.com logoTrading.comFCAASIC+27.5/10Get startedFind out more
  44. XTB logoXTBKNFFCA+37.5/10Get startedFind out more
  45. InstaForex logoInstaForexFSC (BVI)7.5/10Get startedFind out more
  46. Alpari logoAlpariMISA (Comoros)7.4/10Get startedFind out more
  47. AAAFx logoAAAFxMISA (Comoros)7.4/10Get startedFind out more
  48. T4Trade logoT4TradeFSA (Seychelles)7.4/10Get startedFind out more
  49. STARTRADER logoSTARTRADERASICFSCA (South Africa)+37.4/10Get startedFind out more
  50. LiteFinance logoLiteFinanceCySECFSC (Mauritius)7.4/10Get startedFind out more
  51. Questrade logoQuestradeCIRO7.4/10Get startedFind out more
  52. Mitrade logoMitradeASICCySEC+47.3/10Get startedFind out more
  53. Tradu logoTraduFCACySEC+47.3/10Get startedFind out more
  54. Octa logoOctaCySECFSC (Mauritius)+27.3/10Get startedFind out more
  55. ATFX logoATFXFCAASIC+77.3/10Get startedFind out more
  56. Fortrade logoFortradeFCAASIC+47.3/10Get startedFind out more
  57. Focus Markets logoFocus MarketsASICFSC (Mauritius)7.2/10Get startedFind out more
  58. FXCC logoFXCCCySECMISA (Comoros)+17.2/10Get startedFind out more
  59. FXORO logoFXOROCySEC7.2/10Get startedFind out more
  60. Global Prime logoGlobal PrimeASICVFSC (Vanuatu)7.2/10Get startedFind out more
  61. tastyfx logotastyfxCFTCNFA7.2/10Get startedFind out more
  62. Accendo Markets logoAccendo MarketsFCA7.2/10Get startedFind out more
  63. Fineco logoFinecoBank of ItalyCONSOB+17.2/10Get startedFind out more
  64. ATC Brokers logoATC BrokersFCACIMA (Cayman Islands)+17.1/10Get startedFind out more
  65. Spreadex logoSpreadexFCA7.1/10Get startedFind out more
  66. Trade Nation logoTrade NationFCAASIC+47.1/10Get startedFind out more
  67. Capital Index logoCapital IndexFCA7.1/10Get startedFind out more
  68. VT Markets logoVT MarketsASICFSCA (South Africa)+27.1/10Get startedFind out more
  69. IQ Option logoIQ OptionCySEC7.0/10Get startedFind out more
  70. TopFX logoTopFXCySECFSC (BVI)+17.0/10Get startedFind out more
  71. ADS Securities logoADS SecuritiesCMA (UAE)7.0/10Get startedFind out more
  72. IC Trading logoIC TradingFSC (Mauritius)7.0/10Get startedFind out more
  73. iFOREX logoiFOREXCySECFSC (BVI)7.0/10Get startedFind out more
  74. NordFX logoNordFXFSA (Seychelles)FSC (Mauritius)6.9/10Get startedFind out more
  75. Orbex logoOrbexFSC (Mauritius)FSA (Seychelles)6.9/10Get startedFind out more
  76. Scope Markets logoScope MarketsFSC (Belize)FSC (Mauritius)+16.9/10Get startedFind out more
  77. Xtrade logoXtradeFSC (Belize)FSCA (South Africa)6.9/10Get startedFind out more
  78. Fintrix Markets logoFintrix MarketsFSC (Mauritius)6.8/10Get startedFind out more
  79. IUX logoIUXFSC (Mauritius)FSCA (South Africa)6.8/10Get startedFind out more
  80. BDSwiss logoBDSwissFSA (Seychelles)FSC (Mauritius)6.7/10Get startedFind out more
  81. FXGiants logoFXGiantsFSC (BVI)6.7/10Get startedFind out more
  82. FXCess logoFXCessNot on record6.7/10Get startedFind out more
  83. FXChoice logoFXChoiceFSC (Belize)6.6/10Get startedFind out more
  84. FXDD logoFXDDNot on record6.6/10Get startedFind out more
  85. RoboForex logoRoboForexFSC (Belize)6.6/10Get startedFind out more
  86. Ox Securities logoOx SecuritiesNot on record6.5/10Get startedFind out more
  87. Interactive Brokers logoInteractive BrokersSFC (Hong Kong)6.5/10Get startedFind out more
  88. Pepperstone logoPepperstoneASICFCA+56.5/10Find out more
  89. OANDA logoOANDACFTC/NFAFCA+46.4/10Get startedFind out more
  90. Equiti logoEquitiFCASCA (UAE)+46.4/10Get startedFind out more
  91. Vantage logoVantageASICFCA+36.4/10Get startedFind out more
  92. City Index logoCity IndexFCAASIC+16.3/10Get startedFind out more
  93. Trading 212 logoTrading 212FCABaFin+36.3/10Get startedFind out more
  94. BlackBull Markets logoBlackBull MarketsFMA (New Zealand)FSA (Seychelles)6.2/10Get startedFind out more
  95. FBS logoFBSFSC (Belize)6.1/10Get startedFind out more

Trading from Singapore

  • It is better protected, which is not quite the same thing. MAS applies some of the tightest conduct requirements in the region and licenses comparatively few retail brokers, so a MAS licence is a meaningful signal rather than one entry on a long list.

    MAS requires client money to be segregated with an approved institution; there is no retail compensation scheme equivalent to the FSCS.

    None of that protects you from losing money on your own trades. It protects you from the firm failing or misbehaving, which are the risks you cannot manage yourself.

It is better protected, which is not quite the same thing. MAS applies some of the tightest conduct requirements in the region and licenses comparatively few retail brokers, so a MAS licence is a meaningful signal rather than one entry on a long list.

MAS requires client money to be segregated with an approved institution; there is no retail compensation scheme equivalent to the FSCS.

None of that protects you from losing money on your own trades. It protects you from the firm failing or misbehaving, which are the risks you cannot manage yourself.