Best Forex Broker In Singapore Top 10 (2021 Spreads + Features)

The recent years have seen tremendous growth in forex trading, especially in the Southeast Asian region. For quite some time now, competition has been brewing between Singapore, Australia, and Hong Kong to take on the mettle of the region’s leadership position. Ultimately, with its ideal business climate and a thriving economy, it is Singapore that emerged as the winner as a global forex center. The development of the forex industry in Singapore isn’t surprising as online trading is fully legalized here. Any citizen or foreigner based in Singapore can start trading in forex with any of the brokerage firms.

Some of the best forex brokers in Singapore include XM, HotForex, FXTM, EasyMarkets, and Exness. The best forex broker in Singapore is the one that provides traders with leverage that greatly improves trading capabilities. Forex brokers based in Singapore, like the ones mentioned above, provide leverage and also usually include analytical tools and economic calendars to make things easier and hassle-free for users.

  • XM – Best Overall Broker in Singapore 2021, Low spreads and VIP Trading Account In Singapore
  • Hotforex – Ultra-Low Spreads, Best forex broker for scalping
  • Exness – Best for High Leverage, Low Deposit + Best Trading Demo Account
  • FXTM – Best for beginners 2021
  • Easymarkets – Best Forex Platform

Best Forex Broker In Singapore

 Here are some of the best forex brokers in Singapore available today:

1. XM
A well-known name in the forex industry, XM has been offering online forex broking services since 2009. It is quite popular with traders as it provides a wide range of trading accounts with low minimum deposits. XM is proud to be associated with more than 3.5 million customers spread across 196 countries and has recently expanded its offerings to include 57 currency pairs and thousands of CFDs.

As a user, you get a wide range of leverage to choose from depending on your account type, trade size, and asset class. The dashboard of its trading platform is simple and easy to understand. It indicates the risk exposure involved in a trade in real-time. XM is quite good at time management and is efficient in its operations. Almost all trade executions happen instantly without any hiccups.

Round-the-clock customer assistance is available for users for 5 days a week in multiple languages. This is the way how XM manages to maintain customer’s trust and satisfaction. XM is also quick to adapt to changes in technologies and trends that happen in the forex industry.

Pros:

✅ Popular- Over 3,500,000 Users
✅ Reliable and trustworthy forex broking services
✅ Exceptional range of leverage
✅Base account SGD currency
✅Trade SGD vs all major currencies (USD,EUR,JPY,AUD,NZD)
✅Free VPS for deposits over $ 5000
✅Excellent for Expert Advisor or FX Robots
✅ Multilingual customer support, available 24/5
✅ Low spreads
✅ Leverage up to 888:1
✅Strict NO re-quotes
✅ No hidden fees
✅ Client Funds In Segregated Accounts
✅ Fast trade execution
✅Strict NO re-quotes
✅ Instant deposits and withdrawals
✅ Secure trading platforms
✅8 Platforms, including MetaTrader4/5 and webtrader
✅Deposit Bonus up to 5 000 USD. *Clients registered under the EU regulated entity of the Group are not eligible for the bonus
✅XM users benefit from using the XM platform in over 20 different languages
✅ A variety of trading assets
✅ Different types of trading accounts
✅ Excellent market research and trading course

Regulated: ASIC, CYSEC, IFSC,
Minimum initial deposit: $5
Minimum Trade Amount: 0.01 lot
Leverage: 1:888
Spreads: Variable
Platform: MT4, MT5
Founded: 2009
PAYMENT OPTIONS: Credit/Debit cards, Wire Transfer, Neteller,, Skrill, FasaPay, China Union Pay, Maestro

       Trade Forex With Ultra Low Spreads – Over 3.5M Traders Choose XM

2. Hotforex
HotForex has been around in the forex market since 2008. It has been a recipient of several awards owing to its customer-oriented attitude. It is regulated by FSC in Mauritius and CySEC in Cyprus. HotForex covers a significant part of markets in the financial world, including shares, indices, energies, metals, forex, binary options, ETFs, and CFDs.

HotForex has been operating in the forex industry long enough to understand customers’ preferences and tastes, which is why they offer lots of trading instruments to form a portfolio of products that is diverse as well as interesting. For traders, there are 9 different trading accounts to choose from. A minimum deposit of $5 is required to open an account with HotForex.

A variety of trading instruments can be accessed by traders on almost all trading accounts with HotForex through its MetaTrader 4 platform. Also, time and again, the broker presents users with attractive bonuses up to 100% of the deposited amount, either as a credit bonus or a cash bonus. There are plenty of deposit and withdrawal options available for users, like bank transfers, credit cards, e-wallets like Neteller and Skrill.

Pros:
✅ Broker of choice with over 2,500,000 Live Accounts
✅ Very low minimum deposit
✅ Regulated by FCA, CySEC, FSCA, DFSA etc.
Commission-free trading accounts available.
✅ Leverage up to 1:1000
✅ Low spreads from 0 Pips
✅ Bonuses up to 100%
✅ Average EUR/USD 0.1 Pips
✅ No price requotes
✅ Low trading fees
✅ EAs, Scalping, and Hedging allowed
✅ Free VPS hosting
✅ No deposit or withdrawal fees
✅ Wide selection of educational resources
✅ Provides negative balance protection
✅ Different types of trading accounts
✅ Numerous industry awards
✅ An advanced range of tools
✅ Islamic and Micro accounts offered
✅ Fully digital and fast account opening
✅ Great range of financial markets
✅ Additional civil liability insurance
✅ Regular bonuses and promotions

                      REGULATED BROKER 2,500,000+ LIVE ACCOUNTS OPENED

Regulated:DFSA, FCA, FSC, FSCA
Minimum initial deposit: $5
Minimum Trade Amount: 0.01 lot
Leverage: 1/1000
Spreads: Variable
Platform: MT4, MT5
Founded: 2010
PAYMENT OPTIONS: Credit/Debit cards, Wire Transfer, Neteller, Bitcoin, Skrill, Webmoney

3. EXNESS
Exness is one of those companies that provide users with access to different kinds of platforms for trading in forex and a variety of other financial instruments. This Cyprus-based forex trading company came into force in 2008 and has since then made its presence felt in the UK, Seychelles, and other countries. It is a recipient of the Global FX Broker of the Year and Most Transparent FX Broker 2019 awards.

Depending on the country the trader operates in, Exness provides different types of accounts. However, the basic account types are – Standard, Zero, Raw Spread, and Pro. Islamic account holders can choose any of these account types as they are swap-free. Exness provides a demo account for those who wish to try out their trading strategies before moving to a live account.

With Exness, traders have plenty of deposit and withdrawal options, like Bank cards, Bitcoin, WebMoney, Skrill, AstroPay Card, and others. The maximum leverage offered by the broker is 1:2000 and this is applicable for all account types. Also, to make it easier for traders to figure out margin requirements and maximum leverage, Exness has a calculator in place that takes into consideration the trader’s account equity level.

For any problem or queries a customer has, Exness can be reached out through email, live chat, and telephone. Assistance is available to clients in 14 different languages. For easy accessibility of answers, there’s a Help center as well.

Pros:
Regulated by CySEC and ASIC
Leverage up to 1:2000
Availability of demo account
Contests and promotions
Quick deposits and withdrawals
Low spread
Trustworthy forex broker
Easy and quick access to forex trading
Several awards and recognition
Different types of accounts and features
Customer support features available in 14 languages

Regulated: FCA, CYSEC
Minimum initial deposit: $1
Minimum Trade Amount: 0.01 lot
Leverage: 1:2000
Spreads: Variable
Platform: MT4, MT5
Founded: 2008
PAYMENT OPTIONS: Skrill (Moneybookers), Perfectmoney, Bitcoin, Credit/Debit cards, Wire Transfer, and others

4. Easy markets
Originally known in the forex world as easyForex, EasyMarkets came into being in 2001. By 2013, the forex trading company had expanded its offerings to include a variety of trading instruments. EasyMarkets is based in Cyprus where it is regulated by CySEC. It is also registered by ASIC in Australia. It is licensed by FSA to cater to the needs of its global clients.

The best part about trading with EasyMarkets is that you get access to more than 200 trading instruments with the maximum leverage offered by the broker being 1:400 for all trading accounts. VIP account holders are entitled to have a Personal Account Manager who updates the trader with investing strategies, economic events, market trends, etc. However, trading central indicators, technical analysis, and daily fundamentals are provided to all users for all account types by EasyMarkets.

EasyMarkets keeps its spread fixed to keep things transparent and simple. With this arrangement, traders can execute all kinds of trades with a high level of certainty which is beneficial during volatile market conditions.

Pros:
0% commission
Fixed spreads
Deal cancellation feature
Variety of trading instruments
Support for different deposit and withdrawal modes
Excellent range of trading platforms and tools
Variety of asset classes
Low commission and fees
Free educational resources and materials
Guaranteed order levels

Regulated: CYSEC, ASIC
Minimum initial deposit: $25
Minimum Trade Amount:
Leverage: 1:400
Spreads: Fixed
Platform: Web Plateform, MT4
Founded: 2001
PAYMENT OPTIONS: Neteller,, Skrill, Web Money, Credit/Debit cards, Wire Transfer

5. FXTM
Originally constituted in Cyprus in 2011, FXTM has offices in different parts of the globe, including the UK where it has a presence since 2018. In the UK and South Africa, it is regulated by FCA and FSC respectively. The broker provides clients with a reliable and secure trading environment that is suitable for both novice and experienced ones. Currently, FXTM provides a variety of trading account types – Standard, Stock CFDs, Cent, ECN, ECN Zero, and FXTM Pro. Islamic people in Singapore can also consider trading in forex through any of these accounts.

FXTM provides a top-class demo account for those traders that are just starting in the forex world and want to hone skills before trying out with their hard-earned money. Demo accounts can be through Standard, ECN, ECN Zero, and Cent accounts. An area where FXTM is strong is the number of educational materials and resources it offers to users in the form of EBooks, forex glossary, articles, forex trading strategies, periodic tables, videos, etc. FXTM is also a regular provider of a variety of deals and promotions, including an FXTM Loyalty Program and the 30% Bonus.

Pros:
Low forex fees
Fast and digital account opening
Reliable educational tools
Friendly customer service
User-friendly software
No deposit fee
Fast deposits and withdrawals
Quick order confirmation
Clear free report
Excellent customizability for workspace and charts
Price alerts

Regulated: FCA, FSC, FSCA, IFSC, CYSEC
Minimum initial deposit: $10
Minimum Trade Amount: 0.01 lot
Leverage: 1:1000
Spreads: Variable
Platform: MT4, MT5
Founded: 2011
PAYMENT OPTIONS: CashU, Neteller, UnionPay, Skrill (Moneybookers), Perfectmoney, Bitcoin, Credit/Debit cards, Wire Transfer

See also: best forex brokers in malaysia

6. Markets.com
Markets.com is one of the best forex broker in singapore, they have several offices around the world.

No doubt markets.com is a very good forex broker and has set the question of the legitimacy. This is something that many online forex brokers are unable to reach. We can say that this forex broker is strongly recommended for new and experienced traders. 

Regulated: Cysec, FSCA, ASIC
Minimum initial deposit: $100
Minimum Trade Amount: 0.01 lot
Leverage: 1:200
Spreads: Fixed
Platform: MT4
PAYMENT OPTIONS: Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller

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