Best Forex Brokers To Trade With in Singapore for 2020

Top Brokers

As with most countries in South East Asia, forex trading has seen a significant increase in popularity across Singapore over the past few years. Although forex trading is not illegal in Singapore, it is considered a grey area and local residents are advised to trade with a broker who is authorized by the Monetary Authority of Singapore (MAS) – https://www.mas.gov.sg/

If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.

Featured Forex Brokers

We decided to do all the hard work for you and guide you through the all the noise of the financial betting market. Our team of expert analysts, has created a unique collection of forex broker reviews, based on various criteria and data points for you to choose from.

GlobeX360

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IC Markets

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IQOption

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Axiory

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Forex Regulation in Singapore

The Monetary Authority of Singapore(MAS) is the regulatory body for all financial services and activities in Singapore. It was established in 1971 to operate as the local government’s banker. Nevertheless, it is not required to get authorization from the Monetary Authority of Singapore, in order to offer financial services and forex trading to the residences of Singapore.

However, it is advised to choose a regulated broker with a Tier 1 license like Cysec, FCA, FSCA or ASIC to make sure your funds are protected.

Top Brokers

Best Forex Brokers In Singapore

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas. 

Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.

Read more about our methodology and how we do our tests and reviews here.