Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Data-led broker guide
Best forex & CFD brokers in Singapore
We filtered the catalogue to brokers explicitly marked as accepting clients from Singapore. This page contains 6 matching brokers; 5 hold at least one tier 5 licence in our catalogue. The lowest listed minimum deposit is $0 at CMC Markets. The lowest advertised spread is 0.0 pips at CMC Markets. The most common platforms are MetaTrader 4 (3), TradingView (3), CMC Mobile (1).
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: · Reviewed by BrokaBoy Research Team
How we picked these brokers
Filter: The broker is explicitly marked as accepting clients from Singapore in the catalogue.
Order: Brokers licensed by the MAS are listed first, then by BrokaBoy score.
Commissions never change ranking order on this page. Read our methodology.
Ranked brokers
CMC Markets
Advanced charts, LSE-listed
Affiliate link - see our Methodology
Saxo Bank
Licensed Danish bank offering deep multi-asset market access
Affiliate link - see our Methodology
IG
FTSE-listed global leader in CFDs and spread betting
Affiliate link - see our Methodology
OANDA
Precision pricing since 1996
Affiliate link - see our Methodology
Plus500
Clean CFD trading, no clutter
Affiliate link - see our Methodology
Deriv
Synthetic indices and multipliers alongside standard FX CFDs
Affiliate link - see our Methodology
Affiliate link - see our Methodology
Top brokers compared
Swipe sideways to see every column.
| # | Broker | BrokaBoy score | Listed min deposit | Advertised spread | Leverage | Platforms |
|---|---|---|---|---|---|---|
| 1 | CMC Markets | 9.3/10 | $0 | 0.0 pips | 1:30 | Next Generation, MetaTrader 4, CMC Mobile |
| 2 | Saxo Bank | 9.1/10 | $0 | 0.4 pips | Up to 1:30 (retail, EU/UK) | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor |
| 3 | IG | 9.0/10 | $0 | 0.6 pips | Up to 1:30 (retail, UK/EU) | IG Web Platform, ProRealTime, MT4 |
| 4 | OANDA | 9.0/10 | $0 | 0.0 pips | 1:50 (entity dependent) | OANDA Trade, MetaTrader 4, TradingView |
| 5 | Plus500 | 7.7/10 | $100 | 0.6 | 1:30 | Plus500 WebTrader, Plus500 Mobile |
| 6 | Deriv | 7.6/10 | $5 | 0.5 pips | Up to 1:1000 (entity dependent) | Deriv MT5, Deriv X, Deriv Trader |
Regulation in Singapore
MAS: Monetary Authority of Singapore is the local authority in our catalogue. MAS is Singapore's central bank and integrated financial regulator. Capital markets services licences are hard to obtain and carry rigorous capital and custody requirements.
Listed protections: Client money held in trust accounts with MAS-approved banks; Leverage capped at 1:20 for retail FX; Customer knowledge assessment before account opening; High base capital requirements for licensees; Formal complaint resolution via FIDReC.
Frequently asked questions
Which broker has the lowest listed minimum deposit in Singapore?+
CMC Markets has the lowest listed minimum deposit in this group at $0. Confirm current terms with the broker.
Which is the highest-scoring broker available in Singapore?+
CMC Markets has the highest BrokaBoy score in this filtered group at 9.3/10. The score is calculated from advertised catalogue data; see our methodology.
How many MAS-regulated brokers are listed?+
5 matching brokers hold a MAS licence in our catalogue.
Is forex trading legal in Singapore?+
Rules and access can change. This guide does not provide legal advice. Check the relevant local authority and the broker's regulated entity before opening an account in Singapore.