SGD Forex Account
Compare regulated brokers that accept the Singapore dollar (SGD) as a base currency for your Forex or share trading account.
By Stefan on 27/09/2023
FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 1,000 stocks, indices, commodities and currency pairs through MetaTrader 4 or 5. FP Markets supports all trading styles and EAs.
Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time.
Our reviews are unbiased and reflect our own experience of trading through these brokers.
At Your Service
Compare trading accounts and find the best one for you, based on your preferences.
Brokers that accept SGD
FP Markets (FPMarkets.com) allows traders to open an account with the Singapore dollar (SGD) as their account's base currency. Fund your account through an international bank transfer, Visa, MasterCard or even crypto-currency. FP Markets will credit your MT4 or MT5 account instantly, with no fees applied. Funds deposited into its IRESS trading account are typically processed within one business day and are subject to fees.
About the Singapore Dollar
The Singapore Dollar, abbreviated as SGD or S$, is the official currency of the Republic of Singapore. Banknotes and coins are issued by the Monetary Authority of Singapore (MAS).
Unlike most central banks, that use interest rates to drive monetary policy, MAS focusses only on the exchange rate(1). This is because Singapore is a small and open economy with a focus on international trade. In the past, the MAS has allowed the Singapore dollar to appreciate in order to reduce inflationary pressures at home, by simultaneously lowering the cost of imports, and reducing overseas demand for Singaporean exports.
Since 1985, the currency has been allowed to float, within a band, around central parity against a basket of currencies(2). This currency basket consists of Singapore's largest trading partners. However, the MAS has revealed neither their names, nor the width of the policy band, in order to maintain maximum flexibility in its implementation of monetary policy.
- 1. Monetary Authority of Singapore. What is MAS' Monetary Policy Framework and its Rationale?. https://www.mas.gov.sg/monetary-policy/Singapores-Monetary-Policy-Framework/faqs/section-2
- 2. Bank for International Settlements. An exchange-rate-centred monetary policy system: Singapore’s experience. https://www.bis.org/publ/bppdf/bispap73w.pdf
Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:... MoreTrade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:500. Get a 100% bonus on your first deposit, up to $2,000.
Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and ... MoreTrade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities from 0 pips plus commission, over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds with this ECN account.
Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC ... MoreTrade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC allows all trading styles and all Expert Advisors on MetaTrader 4 and 5.