Singapore is the most regulated forex market in Southeast Asia, and the smallest. The MAS doesn't issue many licenses, and the ones it does come with leverage caps that most retail traders find punitive. Most Singaporeans trade with overseas brokers anyway. We list both.
22 brokers accept Singapore residents. 3 of those hold a local MAS licence. We currently track and rank 4 for Singapore below.
From 22 that accept SG residents — the ones we track, scored and sorted by Trust Score.
| # | Broker | Trust | EUR/USD | Min dep. | Leverage | Regulators | 30d | |
|---|---|---|---|---|---|---|---|---|
| 1 | EX ExnessFeatured Est. 2008 · MT4 | 93 | 0.2 | |||||
| 2 | PE Pepperstone Est. 2010 · MT4 | 90 | 1.0 | |||||
| 3 | IC IC MarketsFeatured Est. 2007 · MT4 | 88 | 1.1 | |||||
| 4 | ON OnFin Est. 2015 · MT4 | 63 | 0.1 |