When choosing a quality FX broker, Singaporean investors have plenty of reputable and reliable options to choose from. Not all brokers are created equal, so it is essential to do your research before signing up with any one of them or find more info here.
Here are ten of the best FX brokers operating in Singapore:
CMC Markets
CMC Markets is one of the largest and most well-known FX brokers globally. The company started in 1989 and boasted a customer base of over 175,000 traders from over 120 countries.
They offer a wide range of products and services, including forex, CFDs, and spread betting. The company is highly regulated and registered with several financial authorities, including the Financial Conduct Authority in the UK and the ASIC in Australia.
IG
IG is another prominent and well-respected FX broker operating since 1974. The company has over 195,000 customers from over 150 countries and offers a wide range of products and services, including forex, CFDs, spread betting, and stocks.
IG is regulated by the FCA in the UK and the ASIC in Australia. It is also listed on the London Stock Exchange.
Saxo Bank
Saxo Bank is a Danish forex broker that was founded in 1992. The company has over 110,000 customers from more than 160 countries and offers a wide range of products and services, including forex, CFDs, stocks, options, and ETFs.
Saxo Bank is regulated by the Danish Financial Supervisory Authority (FSA) and the Financial Conduct Authority (FCA) in the UK.
FXCM
FXCM is one of the largest FX brokers in the world and has been in business since 1999. The company has over 190,000 customers from more than 150 countries and offers a wide range of products and services, including forex, CFDs, stocks, options, and ETFs.
FXCM is regulated by the ASIC in Australia, the National Futures Association (NFA) in the USA, and the Financial Conduct Authority (FCA) in the UK.
City Index
City Index is a UK-based FX broker that was founded in 1985. The company has over 125,000 customers from more than 100 countries and offers a wide range of products and services, including forex, CFDs, stocks, options, and ETFs.
City Index is regulated by the Financial Conduct Authority (FCA) in the UK.
eToro
It’s a social trading platform that was founded in 2006. The company has over 4.5 million customers from more than 140 countries and offers a wide range of products and services like forex, CFDs, stocks, options, and ETFs.
eToro is regulated by the Cyprus Securities Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.
Dukascopy
Dukascopy is a Swiss FX broker that was founded in 2004. The company has over 100,000 customers from more than 80 countries and offers a wide range of products and services, including forex, CFDs, stocks, options, and ETFs.
Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB).
ThinkMarkets
ThinkMarkets is an Australian FX broker that was founded in 2010. The company has over 50,000 customers from more than 150 countries and offers a wide range of products and services, including forex, CFDs, stocks, options, and ETFs.
ThinkMarkets is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.
Forex.com
Forex.com is an American FX broker that was founded in 1999. The company has over 200,000 customers from more than 180 countries and offers a wide range of products and services, including forex, CFDs, stocks, options, and ETFs.
Forex.com is regulated by the Commodity Futures Trading Commission (CFTC) in the USA and the Financial Conduct Authority (FCA) in the UK.
Axitrader
Axitrader is an Australian FX broker that was founded in 2011. The company has over 10,000 customers from more than 150 countries and offers a wide range of products and services, including forex, CFDs, stocks, options, and ETFs.
Axitrader is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.