Forex.com Singapore lets traders access low-cost CFDs with powerful tools and local support
Provider: Forex.com Singapore
Verdict: Forex.com is a good choice for beginner to intermediate traders in Singapore wanting low-cost CFD trading on FX, indices, and commodities, with strong platforms, market analysis, and MAS-regulated local support. Forex.com, is owned and operated by StoneX Group, which launched operations in Singapore in April 2025.
Who are Forex.com and what do they do?
Forex.com is a CFD retail trading platform owned by StoneX Financial Pte Ltd, an institutional-grade brokerage house headquartered in the United States. StoneX took over Forex.com as part of an acquisition for GAIN Capital in 2020.
Operating under StoneX, Forex.com has over 80 offices globally and opened its Singapore office in May 2025. Being a CFD trading brand of StoneX, Forex.com is regulated by the Monetary Authority of Singapore (MAS).
Market access
Forex.com offers wide access to multiple asset classes, including currency pairs, shares, indices, and a broad range of commodities. In alternative CFD trading, it offers access to options, Knockouts, and Thematic indices.
Pricing
Forex.com trading platform offers competitive pricing, particularly in currencies and indices. The spreads for FX and indices start from 0.5 points and 0.3 points, respectively, lower than most other CFD providers in Singapore. However, an overnight financing charge will occur if clients hold a position past 5 pm Eastern Time in the US (5 am or 6 am in local time). As for share CFD trading, the platform charges commissions based on trading values. Spreads on commodities CFDs differ by category.
Platforms
Three platforms are available to clients in Singapore – Web Trader, Trading View, and MT4 trading platforms.
Web Trader is a web-based trading platform with a white background by default. Personally, I like charts with a white background as it makes all indicators and analysis tools easier to read. The platform is integrated with the TradingView chart, my preferred charting tool, is a highlight.
As for market fundamentals, the platform has in-built live news from Reuters, an economic calendar, and a news & analysis section. In my view, Web Trader has a clean and intuitive interface, providing all essentials, particularly for beginners and intermediate traders.
The order tickets allow traders to set stop and limit prices, view potential profits and losses and monitor trading costs and margin requirements.
What I particularly like about the platform is that it has a performance analytics function, providing an overview of your trading history. This helps identify patterns, strengths, and areas for improvement.
Research & Education
Forex.com Singapore offers a comprehensive range of research and educational resources, providing timely market analysis and regular online courses. Their performance analysis reports are insightful sources for both macro and technical traders. What I especially like about this feature, when I tested it, is that the more you trade, the bigger picture it can paint of what markets you trade well and which ones you should avoid.
Customer Service
Forex.com provides client services in Singapore via phone, live chat, and email. You can also submit a request via a form in the client service section. All client services are available 24/5.
Why did Forex.com launch in Singapore?
The firm described the move into the Singaporean market as a key milestone in its expansion into APAC or Asia Pacific, and that it was committed to empowering traders in the city and surrounding environs.
Singapore is an attractive destination for margin trading businesses, not least because the city-state’s wealth has been built on a history of trading and mercantile commerce.
Singapore came 4th in a recent survey of the world’s 50 richest cities and was only eclipsed by New York, San Francisco and Tokyo.
The survey, conducted by Henley & Partners and New World Health, found that there were 242,000 millionaires in Singapore, a figure that has increased by +62.0% over the last decade.
There are also more than 300 Singaporean centi-millionaires and 30 billionaires.
Forex.com offers a range of CFDs on rolling spot FX, alongside stock indices, individual shares and commodities. Clients can choose from a web trader, a trading app and MT4 as their trading platform.
The site also provides regular analysis and market-related news, as well as an educational offering that covers trading basics to more advanced concepts and strategies.
Forex.com is one of three margin trading brands under the Stonex Group umbrella. The others are City Index and Gain Capital.
Has Stonex Group been expanding elsewhere?
Parent company Stonex is expanding in other directions too, most recently through the acquisition of rival futures broker RJ O’Brien & Associates, which will bring some 75,000 clients and 300 IBs to the table. Stonex has also recently acquired Paris-based fixed income broker Octo and investment banking business Benchmark.
Stonex is paying around $900.00 million for RJ O’Brien in a cash and shares transaction, which is expected to close in the second half of 2025.
Pros
- User-friendly trading platform
- Tight spreads
- Broad market access
Cons
- Limited to CFD trading
- Minimum funding requirements apply
- Limited stock market range
- Pricing (4.5)
- Market Access (4.5)
- App & Platform (4.5)
- Customer Service (5)
- Research & Analysis (5)
Overall
4.7
Tina was a Market Analyst at CMC Markets from 2015 to 2024, providing client education, market commentary, and media presentations. She specializes in technical analysis and market fundamentals. Tina believes financial markets comprise a vast area reflecting economies, politics, history, psychology, and philosophy. As a result, her analysis is based on her interpretation of a specific country’s economic and historical background, alongside investor sentiment and behaviour.
Tina’s expertise has garnered recognition, with her commentary frequently quoted by reputable sources like Bloomberg, CNBC, Routers, WSJ, and AFR. Her insights span a diverse spectrum, covering various financial domains, including stock markets, foreign exchange, commodities, and cryptocurrencies. Previously, she also spent significant time with China Central Television. This experience allowed her to develop a deep understanding and insight into China’s economics and business.
