Top 2025 Best Brokers for Trading in Singapore

A trading broker is a financial intermediary that allows you to place orders on the markets and trade many assets such as CFDs, Forex, cryptocurrencies or even commodities, as an individual.

But what is trading and how does it work? How to choose the right broker to practice online trading?

Discover the highest-rated brokers for this year, those that stand out for their quality of service, reliability, and ability to adapt to different market trends. On this page, we have compared brokers with user-friendly platforms, tight spreads, access to MetaTrader 4 or 5, or those offering a unique social experience with copy trading.

What is a Trading Broker? Definition of Trading

In English, the term “trading” refers to the buying and selling operations that are carried out on the financial markets.

Individuals or professionals who carry out these operations are called “traders.”

Trading can be carried out by professional traders who speculate from trading floors or on behalf of a financial or stock market institution, but also by individual and independent traders who use online trading platforms for this purpose.

Good to know

Trading differs from traditional investing in that it aims for shorter-term gains and uses certain specific tools, such as leverage, to increase market exposure.

Trading broker: definition and role

A broker, is a financial intermediary that allows investors to buy and sell assets in the financial markets. These assets can be diverse: stocks, currencies, commodities, indices, and more. The main role of a broker is to facilitate access to markets for individual and institutional traders, by providing the platform, tools and services necessary to carry out transactions.

Brokers play an essential role in the trading ecosystem. They provide platforms of trading that allow you to view prices in real-time, place orders, and analyze markets using technical indicators. In addition, they serve as a link between investors and stock exchanges, transmitting traders' orders to the markets, often in near real-time.

In addition to these basic functions, brokers may offer additional services, such as investment advice, market analysis, or training for beginners. They also play an indispensable role in ensuring the security of transactions and offering leverage that allows traders to increase the value of their positions, although this may increase the risks.

What are the best trading brokers in Singapore in 2025?

Choosing the best broker depends on your trading strategy and the assets that interest you. Whether you are interested in Forex, copy trading, cryptocurrencies, or prefer to use a specific platform like MetaTrader, some brokers stand out for the quality of their services. Here is a selection of the best brokers in Singapore in 2025, according to the types of trading practiced.

Best broker for Forex trading

The foreign exchange (Forex) market attracts many traders due to its high liquidity and extended hours. To get the most out of Forex trading, several criteria must be considered before choosing a Forex broker :

• Competitive spreads on major currency pairs (such as EUR/USD) help reduce transaction costs, especially for short-term strategies.
• Fast order execution is essential in such a volatile market, in order to limit slippage and guarantee precise entry and exit points.
• High leverage, although risky, can be a strategic lever for experienced traders wishing to maximise their exposure with limited capital.
• Reliable regulation (Monetary Authority of Singapore (MAS)…) guarantees the protection of funds and compliance with industry best practices.
• Recognised platforms such as MetaTrader 4 or 5 (MT4/MT5), or cTrader, offer powerful technical analysis tools and an interface adapted to all trader profiles.

Certain Forex brokers combine these advantages to offer an optimal experience, both for beginners and more advanced traders.

Best Broker for copy trading

Copy trading is an ideal solution for investors who want to benefit from the experience of professional traders without actively managing their portfolio. It allows you to automatically replicate the strategies of more experienced traders, while maintaining full control over the amounts invested.

Here are the main criteria to consider when choosing a broker suitable for copy trading:

• Integrated copy trading platforms: Some brokers offer their own social platforms, while others rely on recognized external solutions like ZuluTrade or Myfxbook.
• Fee structure: Fees can vary between simple spreads, commissions on profits made, or copy fees charged for each transaction copied.
• Variety of assets offered: A versatile broker allows you to copy strategies across different markets such as Forex, stocks, cryptocurrencies or indices.
• Regulation: As with any financial service, it is essential to ensure that the broker is properly regulated by a recognized authority (such as the MAS, etc.).

Best Broker for Crypto Trading

Cryptocurrency trading is increasingly attracting investors, drawn by price volatility and opportunities for quick gains. To choose the right crypto broker, several criteria must be taken into account:

• Number of cryptos available: A varied offering allows you to diversify your portfolio beyond the classic Bitcoin or Ethereum, with altcoins with high potential.
• Competitive trading fees: Brokers generally apply spreads or commissions. Comparing fees is essential to optimize profitability.
• Trading platform: An intuitive, fluid interface equipped with technical analysis tools is a real asset, especially for active traders.
• Regulation and security: Even in the crypto universe, it is preferable to go through a regulated intermediary, which guarantees the protection of funds and compliance with compliance standards.

Best Trading Broker with MT4 or MT5

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are essential platforms in the world of online trading. Recognized for their stability, their compatibility with Expert Advisors (EA) and their advanced technical analysis tools, they are used by both beginners and experienced traders.

To get the most out of these platforms, it is recommended to choose a broker that:

• Offers MT4 and/or MT5 without restriction, with all functionalities available (customizable indicators, automated trading, advanced order management, etc.);
• Offers competitive spreads, particularly on major markets such as Forex, indices, or commodities;
• Has a leverage adapted to the user's profile (with options up to 1:20 in some cases, as per Singapore regulations for retail traders);
• Is regulated by a recognized authority in Singapore, guaranteeing the security of funds and the reliability of the platform.

How to find the best broker for trading?

Choosing the best broker for trading is important if you want to succeed in your investments. A good broker will allow you to maximize your chances of gains while minimizing risks, thanks to powerful tools, competitive fees, and quality customer support. Here are the main criteria to consider in order to find the broker that best suits your needs and your investor profile.

• Regulation and Security: The first criterion to verify is the broker's regulation. The broker must be regulated by a recognised financial authority, such as the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, or the Monetary Authority of Singapore (MAS) in Singapore. Solid regulation ensures that the broker adheres to strict standards of transparency, fund security and fair treatment of clients. The security of your funds and personal data should always be a priority.
• Fees and Commissions: Fees represent a significant part of your trading costs. They include commissions per transaction, spreads (the difference between the buy and sell price), and possibly account management fees. Opt for a broker whose fees are clear and competitive, in order to minimise the impact of these costs on your potential gains. Be wary of brokers who offer very tight spreads but impose high commissions, and vice versa.
• The Trading Platform: The quality of the trading platform is another fundamental element. A good platform should be intuitive, reliable and provide rapid access to market information. It should offer technical analysis tools (indicators, advanced charts), an ergonomic interface, and the ability to use advanced orders such as stop or limit orders. Some brokers offer popular platforms such as MetaTrader 4 or 5, while others have developed their own tools.
• Available Assets: Depending on your investment strategy, you will want to choose a broker that offers a wide range of assets: stocks, Forex, indices, commodities, cryptocurrencies, etc. Check if the assets you are interested in are available, and if the broker offers advantageous trading conditions on these assets (leverage, spreads, etc.). The diversity of financial products makes it possible to vary strategies and spread risks.
• Leverage and Margins: Leverage allows you to amplify your exposure to the market, which can increase your gains but also your losses. Some brokers offer higher leverage than others, which may be attractive to experienced traders but risky for beginners. Check that the broker offers leverage levels that are in line with your risk tolerance, and that it provides clear explanations of the margins required. The maximum leverage allowed for retail traders in Singapore is 1:20 depending on the underlying asset.
• Customer Service and Educational Resources: Good customer service is essential, especially in the event of a technical problem or urgent question. Check that the support is easily reachable, ideally in several languages, and that response times are reasonable. In addition to support, some brokers offer educational resources: tutorials, webinars, articles, to help you develop your trading skills. For beginners, these resources are a valuable asset.
• User Reviews: User reviews and online tests are also a good source of information. They allow you to understand the strengths and weaknesses of each broker according to the experience of real customers. Keep in mind, however, that each experience is subjective: you must cross-reference several sources of opinions to obtain a global and balanced picture.

How to Trade with an Online Broker

Getting started with online trading involves several key steps: from opening an account to using the trading platform, including managing funds and risks. Here's an overview of the standard process offered by most online brokers.

1. Open a Trading Account

The first step is to open an account with a regulated broker. This process generally includes:

• Online Registration: You need to fill out a form with your personal information (name, email address, phone number), then choose your country of residence.
• Identity Verification (KYC): To comply with international regulations, it is mandatory to provide a valid identity document and proof of address. This verification ensures account security and prevents fraud.
• Choosing the Account Type: Brokers offer different types of accounts (standard, commission-free, with reduced spreads, etc.) adapted to various trader profiles.

2. Depositing Funds

Once the account is activated, the next step is to fund it:

• Deposit Methods: Most brokers accept payments by credit card, bank transfer or e-wallets such as Skrill, Neteller or PayPal.
• Minimum amount required: The minimum initial deposit varies depending on the broker but often ranges from SGD 150 to SGD 375. It is advisable to start with sufficient capital to properly manage risk, especially when using leverage.

3. Using the Trading Platform (e.g. MT4/MT5)

Once the funds are deposited, you can access the chosen trading platform. The most common are MetaTrader 4 (MT4) and MetaTrader 5 (MT5):

• Installation and connection: The platforms are available for download on your computer or as a web version. Once installed, simply log in with the credentials provided by the broker.
• Interface discovery: MT4/MT5 offer advanced features: real-time charts, technical indicators, analysis tools, window customization, fast order execution, and automated management via trading robots (EAs).
• Demo accounts: It is strongly recommended to start with a demo account to familiarize yourself with the interface, test strategies, and understand market mechanisms without risking your capital.

4. Practical Example: Forex Trading on EUR/USD

Let's take the example of a typical operation on the Forex market, trading the pair EUR/USD:

• Market analysis: Before opening a position, it is strongly advised to perform a technical analysis. With MT5, you can use technical indicators (such as moving averages or Bollinger Bands) to identify a trend. Suppose you identify a bullish signal indicating that the euro could strengthen against the dollar.
• Place a Buy order: On Eightcap's MT5 platform, click "New Order". Select EUR/USD and choose the trading volume (for example, 0.1 lot). Then click "Buy" to open a long position.
• Risk management: To protect your capital, we recommend placing a stop loss. Imagine placing a stop loss 50 pips below your entry point to limit your potential losses. You can also set a take profit 100 pips above your entry point to lock in your gains if the market moves in your favor.

5. Monitor and Close the Position

• Monitoring: With MT5, you can track the evolution of your position in real-time. The charts allow you to see if the trend is evolving as expected. You can also adjust your stop loss or take profit based on market movements.
• Close the position: When the EUR/USD pair reaches your target or you deem the time is right, you can manually close the position by clicking on "Close Position". If the take profit or stop loss are reached, the position will close automatically.

6. Analysis of Results and Adjustments

Once the position is closed, analyze the result:

• Gains or Losses: Suppose the EUR/USD reached your target of 100 pips profit, this means that, depending on the volume of your position, you have made a proportional profit. For example, with a volume of 0.1 lot, 100 pips could be equivalent to about 100 USD profit.
• Trading Diary: Use the log integrated into MT5 to review all the decisions made during this transaction. Understanding what worked well and what can be improved is essential to develop your trading skills.

Good to know

If you are a beginner, we advise you to choose an online broker that will also allow you to follow a diligent trading training and offer you a demo account.

Are trading brokers safe in Singapore?

Yes, trading brokers in Singapore are considered safe due to strict regulations enforced by the Monetary Authority of Singapore (MAS). MAS ensures that financial institutions operate with integrity, transparency, and strong client protection measures. Here's how trader safety is upheld in Singapore:

• Regulation and Oversight by MAS: Brokers must hold a Capital Markets Services (CMS) license issued by MAS, which ensures they meet strict financial, operational, and ethical standards.
• Segregation of Client Funds: Regulated brokers are required to keep client funds in separate trust accounts, protecting investor assets in case of broker insolvency.
• Investor Compensation Scheme: The Singapore Deposit Insurance Corporation (SDIC) offers limited protection for eligible deposits, adding an extra layer of security for investors.
• Negative Balance Protection: Many MAS-regulated brokers offer this feature to retail clients, ensuring traders cannot lose more than their initial deposit, even in volatile markets.
• Transparency and Disclosure: MAS requires brokers to clearly disclose their trading conditions, fees, leverage limits, and associated risks, helping clients make informed decisions.
• Data Protection and Cybersecurity: Brokers must comply with MAS’s Technology Risk Management Guidelines, which mandate strong cybersecurity protocols, data encryption, and secure system infrastructure.
• MAS Investor Alert List: MAS maintains a public list of unregulated or suspicious platforms to help investors avoid scams and unlicensed brokers.

Overall, the regulatory environment in Singapore offers a high level of security and trust for traders using MAS-authorised brokers.

What are the broker fees for trading?

Here is a table summarizing the different types of fees charged by online brokers, with average rates or amounts as well as an example for each type of fee. This table is designed to give you an idea of the costs you may encounter when using a trading broker.

• Spreads: Spreads are fees automatically charged by brokers on each position taken by the trader. It represents a slight difference between the buying price and the selling price of a financial product. Depending on the broker, and depending on the asset chosen, the spread can be fixed or variable. In the case of a variable spread, the cost of this spread will vary depending on market volatility. Spreads represent the broker's main remuneration.
• Swap fees: The swap is a fee levied on a position between two market sessions. They, therefore, mainly concern traders practicing swing trading. Thus, and each time you keep a position open from one day to the next, fees are levied on your account as a charge. The amount of these fees varies depending on the broker's internal policy as well as on volatility.
• Withdrawal fees: While not applied by all brokers and for all types of withdrawals, these fees may be charged when the trader withdraws money from their trading account. It should be noted, however, that depending on the withdrawal method chosen, it is possible to obtain free withdrawals from most brokers.
• Conversion fees: As the name suggests, these fees are applied to currency exchanges. A conversion may be applied by a broker if you invest in an asset denominated in dollars with Singapore dollars. 
• Account maintenance fees: While these fees have become increasingly rare over time, some brokers still charge them and these are general fees. They can be billed monthly, quarterly, or annually.
• Inactivity fees: Some brokers also charge inactivity fees which are applied when the trader does not use their trading account for a certain period. Most often, these fees are only charged after 12 months or 24 months of inactivity. But some brokers apply them after 6 months. The amount of inactivity fees will also vary depending on the broker's policy and we advise you to check these before registering.
• Specific stock fees: Stock trading will also involve certain specific fees at some brokers. This may include subscription fees or additional commissions to the spread. Most often, these are fees charged in order to have access to foreign market data in real-time.
• Guaranteed stop-loss order fees: Finally, some brokers also charge for the use of guaranteed stop-loss orders, although this practice is also becoming increasingly rare.

Which broker offers trading with a demo account?

One of the most effective ways to learn online trading is to use a demo account free demo account. These accounts are offered by many brokers and allow you to test the platform and practice using different strategies before risking your own money. 

The demo account is funded with virtual capital that can be unlimited or limited. This is virtual money that you will use to make your investments under real market conditions. Similarly, the length of time you can use a demo account will vary from broker to broker.

The trading demo account allows you to enjoy various advantages, including: 

• The opportunity to learn without taking risks: A demo account will allow you to speculate in real market conditions without risking your own capital and potentially losing it.
• The opportunity to learn how to use the platform: Using a demo account, you can also test most of the features offered by your broker's trading platform. This will allow you to practice using its features and tools safely.
• The opportunity to test trading strategies: Finally, the demo account also has the advantage of allowing you to test different trading strategies in parallel to detect the best solution and the best method.

How Much Can You Earn With a Trading Broker?

It is, of course, difficult to say precisely how much you can earn from trading, as your earnings depend primarily on your experience, your level of knowledge, and your initial investment.

If you take the time to train and practice using a demo account, your potential earnings will also depend on the type of strategy you implement.

• With a href="https://hellosafe.fr/investissement/trading/swing-trading">Swing trading strategy, you can expect an optimal return of around 10% per month.
• With a href="https://hellosafe.fr/investissement/trading/day-trading">Day trading strategy, you can expect an approximate return of 30% or more per month by spending 5 to 6 hours per day trading.

Of course, the amount you can earn as a retail trader will also depend on the amount you invest in the trading platform. Indeed, a 10% return on an account with a deposit of 1,000 SGD represents only 100 SGD, whereas if you deposit 10,000 SGD you could earn up to 1,000 SGD per month with an effective strategy.

Are trading profits taxable in Singapore?

Yes, trading gains can be taxable in Singapore, but taxation depends on the nature of the activity and whether the individual is considered to be trading as a business.

• Capital Gains Are Generally Not Taxed: In Singapore, capital gains are not subject to tax. This means that if you are trading occasionally or investing for personal gain, your profits from buying and selling financial instruments like stocks, forex, or CFDs are typically not taxed.
• Tax Applies to Business Income: If trading is considered your main source of income and you trade frequently and systematically, the Inland Revenue Authority of Singapore (IRAS) may treat your profits as business income. In that case, the gains are taxable under personal income tax rates, which range from 0% to 24% for residents (as of YA 2024).
• Determining Factors for Taxability: IRAS considers several factors to determine if trading is a business activity, such as the volume and frequency of trades, the holding period, the level of organization (e.g. use of research or technical tools), and whether the activity is carried out for livelihood.
• No Capital Loss Deductions: Since capital gains are not taxed, capital losses are also not deductible. However, if trading is classified as a business, related expenses (e.g. software, subscriptions, internet) may be deductible against the business income.
• Corporate Traders: If you are trading through a company registered in Singapore, trading profits are considered taxable business income and are subject to the corporate tax rate, currently at 17%.

All our guides on trading in Singapore

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.