Singapore can easily boast one of the greatest commercial and social success stories that has taken place in the world over the past few decades. The economic success of Singapore is well known. Its economy has grown at a rate in excess of 7% per annum since independence in 1965, and it is now regarded as one of the world’s leading commercial locations, boasting the fourth largest financial center, along with being one of the five busiest ports for shipping traffic.

Over the years, it has become a financial and distribution center for Asia, and the total trade volume through its ports is actually four times the size of its GNP, the highest in the world. These economic achievements have come as a result of hard work and a farsighted government’s desire to sustain a free and open economy, avoid any subsidies, welcome foreign investment, and target budgetary surpluses as a rule.

As one the leading financial centers and tourist destinations of the world, Singapore competes with Hong Kong and Australian finance centers for dominance in the Southeast Asian region. As a nation with a very liberal taxation and regulation regime, banking interests have flocked to Singapore to support the thriving export trade and the associated settlement of cross-border transactions. Although this small island community of 5.4 million people has developed around global commerce, the retail forex broker component of the industry has taken more time to develop.

Broker Features Regulator Platforms Next Step
Number One Broker City Index Logo Founded: 1983

- Well established
- Beginner friendly
- Free Webinars


ASIC, FCA, MAS Advantage Web, AT Pro, MT4
Oanda Logo Founded: 1996

- No Minimum Deposit
- Very well established
- 24/5 Customer Support


ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA fxTrade, MT4
ForexTime Logo Founded: 2011

- Over 400k Account Registered
- More than 250 Trading Instruments
- MT4, MT5 and Web Trader Platforms
- Full ECN Trading Model


CySEC, FSB, IFSC MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
AvaTrade Logo Founded: 2006

- Active 10+ years
- 40% New Member Bonus
- Very well regulated


ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
eToro Logo Founded: 2007

- Social Trading Platform
- 24/5 Customer Support
- Beginner Friendly


CySEC, FCA eToro OpenBook, eToro WebTrader, eToro Mobile Trader
easyMarkets logo Founded: 2001

- 50% FTD Bonus! (non EU Traders only)
- Active since 2001
- 300+ markets can be traded


ASIC, CySEC MT4, Web platform & Easy-forex on mobile
HotForex Logo Founded: 2008

100% FTD Bonus
Social Trading Features
Available in 25 languages


CySEC, FSA MT4
FXPrimus Logo Founded: 1999

- 24/5 Customer support
- Well established
- Well regulated


CySEC MT4
FXGlobe Logo Founded: 2013

- No dealing desk executions
- Account management for traders on varying experience levels


CySEC, MiFID MT4, FXGlobe Web Trader
OctaFX Logo Founded: 2011

- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone
- Scalping, hedging, trading on the news, and EAs are permitted.


FCA MT4 and cTrader

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