SGD Forex Account

Compare regulated brokers that accept the Singapore dollar (SGD) as a base currency for your Forex or share trading account.

Broker reviews

#1

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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.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5, cTrader, Copy trading
• Regulators: Australia, Cyprus (EU) , Saint Vincent and the Grenadines, South Africa

• Accounts

Standard Account  ▷ Standard Account: Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and commodities over MT4/5 or cTrader. Get ultra-fast execution speeds under 40 milliseconds with this ECN account.
$100 deposit	1:500 leverage	Market execution	▷

Raw Account  ▷ Raw Account: Trade 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...more ▷ Raw Account: Trade 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.
$100 deposit	1:500 leverage	Market execution	▷

#2

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Exness is a global offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage.

• Risk warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5
• Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage on MT4 or MT5. Spreads from 0.3 pips with no commission. All EAs are allowed.
$100 deposit	1:500 leverage	Market execution	▷

Raw Spread Account  ▷ Raw Spread Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage on MT4 or MT5. Lowest spreads from 0 pips plus $3.5/lot (fixed commission). All EAs are allowed.
$3000 deposit	1:500 leverage	Market execution	▷

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Zero Account  ▷ Zero Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage on MT4 or MT5. Zero spreads on the top 30 instruments plus commission from $0.2/lot. All EAs are allowed.
$3000 deposit	1:500 leverage	Market execution	▷

Pro Account  ▷ Pro Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage on MT4 or MT5. Low spreads from 0.1 pips, no commission and instant execution. All EAs are allowed.
$3000 deposit	1:500 leverage	Instant execution	▷

Brokers that accept SGD

FP Markets

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.