{"id":9110,"date":"2021-05-18T10:31:16","date_gmt":"2021-05-18T07:31:16","guid":{"rendered":"http:\/\/thetraderinyou.com\/test\/?p=9110"},"modified":"2021-05-18T11:22:12","modified_gmt":"2021-05-18T08:22:12","slug":"6-best-forex-broker-comparison-singapore-2021","status":"publish","type":"post","link":"https:\/\/thetraderinyou.com\/test\/6-best-forex-broker-comparison-singapore-2021\/","title":{"rendered":"6 Best Forex Broker Comparison Singapore 2024"},"content":{"rendered":"\n

A side-by-side forex broker comparison Singapore 2024 to guide you on picking the best forex trading app<\/a> or platform when trading forex in Singapore.<\/p>\n\n\n\n

Some of the brokers are not directly regulated by the Monetary Authority of Singapore (MAS)<\/a> – the central bank and the financial regulatory authority in Singapore. <\/p>\n\n\n\n

But they are regulated by the top and trusted regulatory authorities in the world like the Financial Conduct Authority<\/a> of the UK and CySEC<\/a> within the European Union.<\/p>\n\n\n\n

The advantage of these international brokers over the local Singapore forex brokers is the trading conditions especially tight spreads.<\/p>\n\n\n\n

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6 Best Forex Broker Comparison Singapore 2024<\/h2>\n\n\n\n
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Forex broker comparison Singapore – general Information<\/h2>\n\n\n\n
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<\/td>Exness<\/a><\/strong><\/td>ForexTime (FXTM<\/a>)<\/strong><\/td>Tickmill<\/a><\/strong><\/td>XM<\/a><\/strong><\/td>IC Markets<\/a><\/strong><\/td>Hotforex<\/a><\/strong><\/td><\/tr>
Year Founded<\/strong><\/td>2008<\/td>2011<\/td>2014<\/td>2009<\/td>2007<\/td>2010<\/td><\/tr>
Offices<\/strong><\/td>Cyprus, Seychelles and United Kingdom<\/td>Belize, Cyprus, Mauritius, South Africa and United Kingdom<\/td>Seychelles<\/td>Australia, Cyprus, Greece and Hungary<\/td>Australia, Hong Kong and Viet Nam<\/td>Cyprus, Mauritius, Poland and United Arab Emirates<\/td><\/tr>
MAS Regulated<\/strong><\/td>No<\/td>No<\/td>No<\/td>No<\/td>No<\/td>No<\/td><\/tr>
Regulation<\/strong><\/td>FSCA (South Africa), 51024 CySEC 178\/12 FCA (UK), 730729 FSA (Seychelles), SD025<\/td>FCA (UK) 777911 CySEC, 185\/12 FSCA (South Africa), 46614  FSC (Mauritius), C113012295<\/td>FCA (UK), 717270 CySEC, 278\/15  FSCA (South Africa), 49464 FSA (Seychelles), SD008 BaFin 146511<\/td>ASIC 443670
BaFin, 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120\/10
FCA (UK), 538324
FSP (New Zealand), FSP235905<\/td>		ASIC ACN 123 289 109<\/td>CySEC, 183\/12
DFSA (Dubai), F004885
FCA (UK) 801701
FSA (Seychelles), 8419176-1
FSA (St. Vincent & the Grenadines), 22747
FSC (Mauritius), 094286
FSCA (South Africa), 46632<\/td><\/tr>
Minimum Deposit<\/strong><\/td>$10<\/td>$10<\/td>$100<\/td>$5<\/td>$200<\/td>$5<\/td><\/tr>
Maximum Leverage<\/strong><\/td>Unlimited*<\/td>1:2000<\/td>1:500<\/td>1:888<\/td>1:500<\/td>1:1000<\/td><\/tr>
Spread<\/strong><\/td>Fixed<\/td>Variable<\/td>Variable<\/td>Variable<\/td>Variable<\/td>Variable<\/td><\/tr>
Spreads From<\/strong><\/td>0<\/td>0<\/td>0<\/td>0<\/td>0<\/td>0<\/td><\/tr>
Commissions (ECN\/Pro Accs)<\/strong><\/td>$3.50<\/td>$2<\/td>$1<\/td>$3.50<\/td>$3.50<\/td>$8<\/td><\/tr>
Minimum Trade Size<\/strong><\/td>0.01 lot<\/td>0.01 lot<\/td>0.01 lot<\/td>0.01 lot<\/td>0.01 lot<\/td>0.01 lot<\/td><\/tr>
Maximum Trade Size<\/strong><\/td>200 lots<\/td>2000<\/td>100 lots<\/td>200 Lots<\/td>1000 lots<\/td>60 lots<\/td><\/tr>
Maximum number of open trades<\/strong><\/td><\/td>Unlimited<\/td>200<\/td>300<\/td>200<\/td>500<\/td><\/tr>
Funding Methods<\/strong><\/td>Bitcoin, Credit\/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney and Wire transfer<\/td>Bitcoin, Credit\/debit cards, DIXIPAY, FasaPay, Neteller, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money<\/td>Credit\/debit cards, FasaPay, Neteller, PayPal, QIWI, Skrill, UnionPay, WebMoney and Wire transfer<\/td>CashU, Credit\/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer<\/td>Bitcoin, BPAY, Credit\/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer<\/td>Credit\/debit cards, Neteller, Perfect Money, Skrill, WebMoney and Wire transfer<\/td><\/tr>
Official Website<\/strong><\/td>Exness Website<\/a><\/td>ForexTime (FXTM) Website<\/a><\/td>Tickmill Website<\/a><\/td>XM Website<\/a><\/td>IC Markets Website<\/a><\/td>Hotforex Website<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Singapore Forex Broker Account Types Comparison<\/h2>\n\n\n\n
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<\/td>Exness<\/strong><\/td>ForexTime (FXTM)<\/strong><\/td>Tickmill<\/strong><\/td>XM<\/strong><\/td>IC Markets<\/strong><\/td>Hotforex<\/strong><\/td><\/tr>
Demo Accounts<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Micro\/Cent Accounts<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Standard Accounts<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
ECN\/Pro Accounts<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Swap-free Islamic Account<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Managed Account<\/strong><\/td>No<\/td>No<\/td>No<\/td>No<\/td>No<\/td>Yes<\/td><\/tr>
Social \/ Copy Trading<\/a><\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Singapore Forex Broker Trading Instruments Comparison<\/h2>\n\n\n\n
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<\/td>Exness<\/strong><\/td>ForexTime (FXTM)<\/strong><\/td>Tickmill<\/strong><\/td>XM<\/strong><\/td>IC Markets<\/strong><\/td>Hotforex<\/strong><\/td><\/tr>
Forex Pairs<\/strong><\/td>107<\/td>21<\/td>62<\/td>57<\/td>65<\/td>53<\/td><\/tr>
Stocks and Indicies<\/strong><\/td>81<\/td>Yes<\/td>14<\/td>1295<\/td>460+<\/td>23<\/td><\/tr>
Cryptocurrencies<\/strong><\/td>7<\/td><\/td><\/td><\/td>10<\/td>12<\/td><\/tr>
Metals and energies<\/strong><\/td>12<\/td>5<\/td>4<\/td>7<\/td>6<\/td>10<\/td><\/tr>
Bonds<\/strong><\/td><\/td><\/td>4<\/td><\/td>9<\/td>3<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Singapore Forex Broker Trading Platforms Comparison<\/h2>\n\n\n\n
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<\/td>Exness<\/strong><\/td>ForexTime (FXTM)<\/strong><\/td>Tickmill<\/strong><\/td>XM<\/strong><\/td>IC Markets<\/strong><\/td>Hotforex<\/strong><\/td><\/tr>
MetaTrader 4<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
MetaTrader 5<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
cTrader<\/strong><\/td>No<\/td>No<\/td>No<\/td>No<\/td>Yes<\/td>No<\/td><\/tr>
Mobile Trading Apps<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Web Trader<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Trading Conditions of Forex Brokers in Singapore<\/h2>\n\n\n\n
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<\/td>Exness<\/strong><\/td>ForexTime (FXTM)<\/strong><\/td>Tickmill<\/strong><\/td>XM<\/strong><\/td>IC Markets<\/strong><\/td>Hotforex<\/strong><\/td><\/tr>
Strategies Allowed<\/strong><\/td>All<\/td>All<\/td>All<\/td>All<\/td>All<\/td>All<\/td><\/tr>
Hedging<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
SWAPs<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Automated trading<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Other Benefits forex brokers offer for Singaporeans<\/h2>\n\n\n\n
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<\/td>Exness<\/strong><\/td>ForexTime (FXTM)<\/strong><\/td>Tickmill<\/strong><\/td>XM<\/strong><\/td>IC Markets<\/strong><\/td>Hotforex<\/strong><\/td><\/tr>
Free trader education<\/a><\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Welcome\/No-deposit Bonus<\/strong><\/td>No<\/td>No<\/td>$30<\/td>$30<\/td>No<\/td>No<\/td><\/tr>
Deposit Bonus<\/strong><\/td>No<\/td>No<\/td>No<\/td>20%<\/td>No<\/td>100%<\/td><\/tr>
Loyalty Program\/Rewards<\/strong><\/td>No<\/td>Yes<\/td>No<\/td>Yes<\/td>No<\/td>No<\/td><\/tr>
Trading contests<\/strong><\/td>No<\/td>No<\/td>No<\/td>Yes<\/td>No<\/td>No<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Customer Care channels of Singapore forex brokers<\/h2>\n\n\n\n
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<\/td>Exness<\/strong><\/td>ForexTime (FXTM)<\/strong><\/td>Tickmill<\/strong><\/td>XM<\/strong><\/td>IC Markets<\/strong><\/td>Hotforex<\/strong><\/td><\/tr>
Email<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Telephone<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Live Chat<\/strong><\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td>Yes<\/td><\/tr>
Supported Languages<\/strong><\/td>Arabic, Bengali\/Bangla, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese<\/td>Arabic, Chinese, Czech, English, French, Hindi, Indonesian, Italian, Korean, Malay, Persian, Polish, Russian, Spanish, Thai, Turkish, Urdu, Vietnamese<\/td>Arabic, Chinese, English, Indonesian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese<\/td>Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish<\/td>Chinese, English, Japanese, Russian<\/td>Arabic, Bulgarian, Chinese, English, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Korean, Malay, Persian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Tagalog, Thai, Urdu, Vi<\/td><\/tr>
<\/td>Join Exness<\/a><\/td>Join FXTM<\/a><\/td>Join Tickmill<\/a><\/td>Join XM<\/a><\/td>Join IC Markets<\/a><\/td>Join Hotforex<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Last thoughts on the Singapore forex broker comparison<\/h2>\n\n\n\n
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If you keenly looked at Singapore forex broker comparison, you will see Exness tops the charts<\/a>, followed by XM Singapore forex broker<\/a>.<\/p>\n\n\n\n

If you want instant withdrawals in your local currency on local payment channels \u2013 go with Exness<\/p>\n\n\n\n

If you want super low trading conditions \u2013 go with Tickmill<\/a>.<\/p>\n\n\n\n

Finally, all the forex brokers here are very reputable. They are regulated in multiple jurisdictions and make it easy for Singapore traders to start forex trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

A side-by-side forex broker comparison Singapore 2024 to guide you on picking the best forex trading app or platform when … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":9115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[72,365],"tags":[373],"fx-broker":[],"trading-prop-firm":[],"table_tags":[],"acf":[],"nelio_content":{"isAutoShareEnabled":true,"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"followers":[1],"suggestedReferences":[],"efiUrl":"","efiAlt":"","highlights":[]},"_links":{"self":[{"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/posts\/9110"}],"collection":[{"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/comments?post=9110"}],"version-history":[{"count":3,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/posts\/9110\/revisions"}],"predecessor-version":[{"id":9117,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/posts\/9110\/revisions\/9117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/media\/9115"}],"wp:attachment":[{"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/media?parent=9110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/categories?post=9110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/tags?post=9110"},{"taxonomy":"fx-broker","embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/fx-broker?post=9110"},{"taxonomy":"trading-prop-firm","embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/trading-prop-firm?post=9110"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/thetraderinyou.com\/test\/wp-json\/wp\/v2\/table_tags?post=9110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}