Singapore’s traders have access to a wide range of forex trading platforms, offering currency pairs for speculation on exchange rate movements. Forex trading operates on high leverage, and the market’s 24-hour availability makes it a popular choice for those looking for flexibility. Commonly traded pairs include major pairs like EUR/USD and USD/SGD.
| Name | Logo | Markets | Min Deposit | GMG Rating | Customer Reviews | CTA | Tag | Feature | Expand |
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 | Markets 5,000 | Min Deposit $100 | GMG Rating | Customer Reviews | Visit Platform 74% of retail CFD accounts lose money. | Featured Broker | Account Types:
| *Open an account, deposit at least SGD $2,000, and place your first CFD trade within 60 days to qualify for a welcome cashback bonus. The bonus depends on how much you trade, ranging from $50 for one trade up to $2,000 if you trade $20m across FX, indices, shares, or commodities. Higher bonuses require significantly higher trading volumes, with deposits starting from $2,000–$10,000 depending on the tier. FOREX.com Singapore Expert ratingOur expert rating is the average of the areas listed here, each scored out of 5 by our team.4.7Excellent Our experts have rated FOREX.com Singapore across five key areas of our review framework.
Pros
Cons
Our verdictFOREX.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: What can you trade in Singapore? FOREX.com offers wide access to multiple asset classes, including forex, shares, indices, crypto, and a broad range of commodities. As an alternative CFD trading, it offers access to options trading in Singapore, limited risk "Knockouts" which move one-to-one with the market and can protect you from slippage during volatile price swings. You can also trade "Thematic Indices", which as baskets of assets with exposure to a sector like AI, FAANG+, the Remote Economy, ESG and Green companies. These are great for traders because it enables you to speculate on a selection of weighted companies in one go, improving diversification and reducing the need for multiple positions. Plus, you can trade crypto CFDs over the weekends, when the FIAT markets are closed. As you are trading crpyto as a CFD with FOREX.com you can go long or short on leverage 24/7 without the need for a physical wallet or the counterparty risk of exchanges. Pricing: How much does it cost to trade? 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. One key benefit for active traders in Singapore is FOREX.com's rebate program where you can earn monthly cash rebates when trading large volumes of CFDs across FX, indices, metals, commodities, and shares. Rebates increase with trading volume, so the more you trade, the lower your costs. For example $2–$10 per $1m traded in FX and similar markets, or 10–22% commission rebates on share trading. Rewards are paid automatically into your trading account each month, but the programme is aimed at high-volume traders meeting large notional trading thresholds. Platforms: Three platforms are available to clients in Singapore - Web Trader, Trading View, and MT4 trading platforms. Plus, you can also trade as an accredited investor with FX margins as low as 2% or through a corporate account. 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. | |
 | Markets 12,000 | Min Deposit $1 | GMG Rating | Customer Reviews | Visit Platform 69% of retail investor accounts lose money | Account Types:
| CMC Markets Singapore Expert ratingOur expert rating is the average of the areas listed here, each scored out of 5 by our team.4.7Excellent Our experts have rated CMC Markets Singapore across five key areas of our review framework.
Pros
Cons
Our verdictCMC Markets Singapore is a subsidiary of the UK-based brokerage house CMC Markets plc. and is regulated by the Monetary Authority of Singapore (MAS). The company has been long established in Singapore since 2007, offering CFD and FX trading. It launched a stock broking business in 2023, trading as the brand under CMC Invest, also regulated by the MAS. Is CMC Markets good for CFD and FX trading in Singapore?The CFD and FX trading accounts provide access to a broad range of asset classes, including Forex, Indices, Commodities, Shares, ETFs, and Cryptocurrencies, totalling 12,000+ instruments. Clients can choose from three trading platforms – CMC Markets Next Generation(NG) platform, TradingView, and MT4. The NG platform is more suitable for professional traders due to its sophisticated functionalities. It enables customisable layouts, supporting up to 10 chart windows alongside live pricing for categorized asset classes. The designation can give traders a comprehensive view of the market trends, particularly suitable for those who employ tactical and technical trading strategies. One feature I quite like about this platform is the transparency of order tickets, clearly demonstrating trading amounts, associated costs, and fees upfront without hidden surprises. The order ticket on the NG platform
TradingView is one of the most popular platforms for both technical and fundamental analysis. The platform offers more than 20 interactive chart types and over 110 drawing tools. For stock investors interested in company fundamentals, it provides access to key financial metrics such as Revenue, Earnings Per Share, and Income Statement. MT4 is a more simplified trading platform, which may appeal to beginners. The platform offers much less access to instruments. CMC Invest Singapore The CMC Invest Singapore account enables clients to access over 45,000 stocks, REITs, and ETFs across 15 major markets, including more than 500 local companies’ stocks. The CMC Invest platform is developed in-house. There are three types of trading accounts you can choose from – Invest, Platinum, and Diamond- the higher the tier, the lower the trading costs. In my view, premium accounts suit those who trade more regularly with less carrying time, while the standard Invest accounts are better suited to longer-term, buy-and-hold investors. Compared to other brokers in Singapore, CMC Invest enables broader access to international markets without custody or settlement fees. Instead, you will be charged volume-based commission and FX conversion fees (FX conversion fees are often not transparently displayed by most brokers). CMC Invest offers a limited number of free trades per month before these charges apply. Research & Education Both CMC Markets CFD and CMC Invest accounts include Morning Star analysis reports. The company offers education, market analysis, and platform training, though less frequently than in the past. The NG platform also includes a built-in economic calendar and live Reuters news for daily market updates. The CMC Invest built-in Morning Star report
Customer Service There are three ways to contact the client service team in Singapore – a 24/5 phone call service line, WhatsApp, and email, depending on the urgency of your enquiry. | ||
| | Markets 7,000 | Min Deposit $2,000 | GMG Rating | Customer Reviews | Visit Platform 62% of retail investor accounts lose money | Account Types:
| Interactive Brokers Singapore Expert ratingOur expert rating is the average of the areas listed here, each scored out of 5 by our team.4.8Excellent Our experts have rated Interactive Brokers Singapore across five key areas of our review framework.
Pros
Cons
Our verdictInteractive Brokers (IBKR) Singapore Pte. Ltd. is a branch of the global brokerage firm Interactive Brokers Group. The company entered Singapore in 2020 and is regulated by the Monetary Authority of Singapore (MAS). It provides trading access to a wide array of financial products, including stocks, ETFs, bonds, and derivatives. Is Interactive Brokers good for investing and trading in Singapore?Market Access Compared to other brokers in Singapore, Interactive Brokers offers broader access to global markets and financial instruments. Clients can trade stocks, ETFs, Warrants & Certificates, options, futures, currencies, bonds, CFDs, and mutual funds on 160 global markets. It also provides Forecast Contracts trading via ForecastEx. The company enables trading in 28 currencies, alongside FX conversion services in the trading accounts. You can also earn an annualized interest rate of 3.83% on the USD cash balances, although this is subject to a minimum balance requirement. Pricing IBKR is known for its competitive pricing. For US markets, commissions on shares and ETFs are charged either on a per-share basis between US$0.0005 and US$0.35 for tired volume, or a fixed rate of US$0.005 per unit. As for Singapore markets, the commission charge will be based on trade value in SGD, ranging from 0.08% to 0.02% for tiered volume or a fixed rate of 0.08%.
Commission charges for options range from US$0.25 to US$0.65 per contract based on tiered volume, with a minimum charge of US$1. For futures, commission charges are range from US$0.1 and US$0.25 per contract, or a fixed US$0.25 per contract. Account types IBKR offers a variety of trading platforms in Singapore, tailored to clients' trading experiences. The Client Portal, a web-based platform integrated with TradingView charts, is well-suited to beginners and intermediate traders.
Trader Workstation (TWS) is a desktop application designed for more professional traders. The platform features a layout library, offering customised views for instrument categories and trading strategies. However, the platform’s complexity could be overwhelming for beginners.
For advanced users, the API platform enables automated trading through algorithmic strategies, more suitable for sophisticated traders. Research & Education IBKR provides extensive market analysis and client educational resources through IBKRCampus, an online hub for financial market knowledge. Particularly, the Traders’Academy offers a series of free online courses tailored to different skill levels . The in-house strategists and economists provide timely market news and analysis. Customer Service There are various ways to reach out to IBKR’s client services team, such as phone (24/5), email, or Chat Room. However, unlike some other countries with both toll-free and direct dial, Singapore has only one general customer service phone line in Singapore. | ||
| | Markets 2,000+ | Min Deposit $50 | GMG Rating | Customer Reviews | Visit Platform 76% of retail investor accounts lose money | Account Types:
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