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
IFC Markets $1 None MetaTrader 4, Web-based 1:400 CySEC

9.9/10
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FXTM $5 Sign Up - 20% MetaTrader 4, MetaTrader 5, Sirix 1:1000 CySEC, IFSC

9.7/10
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AvaTrade $100 Up To $5000 MetaTrader 4, Proprietary platform, Web-based 1:400 MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC

9.5/10
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4 FXCM $50 ?
Standard: $2000, Mini: $50
None MetaTrader 4, Proprietary platform, Web-based 1:50 ASIC, FCA, NFA Accepts US clients
Accepts US clients

9.4/10
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5 UFX $100 up to $5000 Cash Back MetaTrader 4, Proprietary platform 1:400 MiFID

9.5/10
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Regulated Forex Brokers in Singapore

IFC Markets

IFC Markets, located in the British Virgin Islands, is one of the leading regulated brokers in CFD and Forex markets. The company was founded in 2006 and since then, IFC Markets has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading. The company holds Professional Indemnity Insurance with AIG EUROPE LIMITED.

IFC Markets Review
FXTM

FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB.

FXTM 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
FXCM

FXCM (Forex Capital Markets) was founded in 1999 in the U.S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U.S. exchange listing the equity of large technology-based companies.

FXCM 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