Top 5 Singapore Forex Brokers

Southeast Asia has become a popular region for Forex trading as people are looking to supplement their income and to take advantage of the top Forex brokers operating throughout the region.  In Singapore specifically, Forex trading has a daily average turnover of around $300 billion per day, making it one of the five biggest centers for Forex trading worldwide.  The Monetary Authority of Singapore (MAS) provides regulation to the country’s financial activities including Forex trading, though some of the top Forex brokers in Singapore are regulated in other regions.
Specifically because Singapore is a fairly small country, if you’re looking for one of the best Forex brokers in Singapore you may want to consider a broker with global reach that operates in the region.  For example there are many Forex brokers with FCA regulation in the United Kingdom that operate in Singapore and have built reliable reputations and a strong presence in Singapore (and oftentimes throughout Asia).  Several CySEC-regulated brokers also serve residents of Singapore dependably. 
 
Regulated Forex Brokers in Singapore
Though regulation is certainly an important factor when evaluating the top Forex brokers in Singapore, spreads, fees, platform options and other factors are important to consider as well.  To help make your decision easier we’ve tested the top Forex brokers in Singapore and recorded our findings in the reviews below.  Don’t be afraid to trade on a demo before depositing money into your live account. This is the best way to make sure that our recommended brokers are the best for you.
Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation Rating More Info
Markets $100 None MetaTrader 4, Proprietary platform 1:50 ?
Default leverage of 1:50. T&Cs apply
CySEC, FSB

9.4/10
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AvaTrade $100 Up To $5000 MetaTrader 4, Proprietary platform, Web-based 1:400 ASIC, MiFID, Central Bank of Ireland, FSC, BVIFSC

9.1/10
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UFX $100 up to $5000 Cash Back MetaTrader 4, Proprietary platform 1:400 MiFID

8.8/10
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4 ITRADER $250 None MetaTrader 4, Proprietary platform None CySEC

8.3/10
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5 OANDA $1 None MetaTrader 4, Proprietary platform 1:48 CFTC, FCA, NFA, ASIC, IIROC Accepts US clients
Accepts US clients

8.2/10
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Regulated Forex Brokers in Singapore

Markets

Markets.com is operated by Safecap Investments Limited, a Financial Services Company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 092/08 and by the Financial Services Board (FSB) in South Africa as an authorized Financial Services Provider under the no. 43906. Markets.com was the recipient of the London Investor Show Forex “Best Customer Service 2012” award, and the Global Banking Finance Review “Best Broker in Customer Service Europe 2012” award, in addition to numerous other awards over the past years.

Markets Review
AvaTrade

AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals.

AvaTrade Review
UFX

UFX, founded in 2007, is one of the leading brokers in the Forex industry. In 2011, UFX became regulated in the European Union, MIFID, and in 2013 it received additional recognition by Belize’s International Financial Services Commission for its high ethical standards, customer protection and security of funds. UFX is a well -rounded Forex broker. The platform is user-friendly and the features are numerous. UFX can be accessed on Facebook and there are often interesting promotions offered through this social media venue.

UFX Review
ITRADER

ITRADER.COM is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 198/13. Something that stands out from ITRADER.COM’s offering is the wide range of 31 European equities available for trading, as well as 50 North American stocks. There is also a particularly wide range of commodities offered, including softs such as corn, cocoa and orange juice.

ITRADER Review
OANDA
OANDA
OANDA

OANDA is a multi-faced financial services Forex and CFD broker and market maker. Founded in 1996, OANDA is based in New York and is available for traders in the U.S., Canada, Asia and Europe. OANDA was the first broker in 1995 to offer a broad range of currency exchange-rate information free of charge over the Web. Today, it possesses one of the world's largest and most accurate databases of currency rates, handling more than a million queries a day.

OANDA Review