— Earning is the dream of every youth, that's why today I will teach how you can make up to $5000 per month with Forex Trading in Singapore.


Trading forex (currencies) in Singapore is popular among residents. Before any fx broker in Singapore can accept forex and CFD traders as clients, they must become authorized by the Monetary Authority of Singapore (MAS), which is the financial regulatory body in Singapore. MAS's website is mas.gov.sg. We recommend Singaporean residents to follow the MAS on Twitter, @MAS_sg.

— MAS is Singapore's Central Bank and financial markets regulatory body and was founded in 1971. For a historical breakdown, here's a link to the Monetary Authority of Singapore's webpage on Wikipedia.

Best Forex Brokers Singapore

To find the best forex brokers in Singapore, we created a list of all MAS authorized brokers, then ranked brokers by both trustworthiness, as well as their Trust Score. Here is our list of the top forex brokers in Singapore.

All of the above 5 forex brokers listed are the best in all aspects but we recommended Exness that is a world-class forex broker. Exness is the world's first forex broker that allowed an instant and automatic withdrawal system.

OPEN AN ACCOUNT WITH EXNESS WORLD-CLASS FOREX BROKER

Best Forex Brokers in Nigeria — 2021


1.AvaTrade 

✅ Benefits

Awarded: Best Singapore Forex Broker
— BONUS 20% for new traders
— Deposit min: $100
— Leverage: 400:1
— FIXED Spread: from 1 Pip
— Fully Regulated in Africa
— Rating 98%
— Avatrade review

✅ Platforms

— MT4
— Avago
— AvaOptions
— iOS/Android App

2.Exness Forex Broker - Asia No-01 Broker of 2021

✅ Benefits

Awarded: Best Singapore Forex Broker
— BONUS 200% for new traders
— Deposit min: $1
— Leverage: 1:2000
— FIXED Spread: from 1 Pip
— Fully Regulated in Africa
— Rating 98%
— Regulated by - FCA, CySEC

✅ Platforms

— MT4 & MT5
— iOS/Android App, Web & Mobile

Why trade forex with Exness.

– Super tight spreads
– Instant automated Withdrawals and deposits 24/7
– Multiple withdrawal and deposit methods
– Negative balance protection
– Regulated broker
– Mpesa and Mobile money broker  
– Funding in local currency

3. Hot Forex Broker - Best Broker of 2021

✅ Benefits

High Leverage & Bonuses for new traders
—  100% Bonus for new traders
—  Safe for large and small deposits
—  Min. deposit $50
—  56 Currency pairs
—  Leverage: 1000:1
—  Swap Free Islamic Account
—  Good for beginners
—  Spread from 0.9 Pips

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile


4. Pepperstone Forex Broker Singapore 2021

✅ Benefits

The Lowest Spread ECN Forex Broker
✔ Spread from 0,0 Pips
✔ For beginners & advanced traders
✔ Regulated by FCA UK, ASIC Australia
✔ Deposit min: $150
✔ Islamic Account
✔ 86 Currency pairs
✔ MT4/MT5/cTrader
✔ Leverage: 400:1
✔ English support
✔ Regulated in UK/Australia

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile

5. XM Forex Broker 

✅ Benefits

Popular MT4 Forex Broker in the World
— $30 No Deposit Bonus
— 56 Currency pairs
— Leverage: 888:1
— Swap Free Islamic Account
— Good for beginners
— Quality online education
— Deposit Min: $15
— Spread from 0 Pips

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile

1.AvaTrade 

✅ Benefits

Awarded: Best Nigerian Forex Broker
— BONUS 20% for new traders
— Nigerian Naira ₦ (NGN) deposit 
— Deposit min: $100
— Leverage: 400:1
— FIXED Spread: from 1 Pips
— Fully Regulated in Africa
— Rating 98%
— Avatrade review

✅ Platforms

— MT4
— Avago
— AvaOptions
— iOS/Android App

2.Exness Forex Broker - Asia No-01 Broker of 2021

✅ Benefits

Awarded: Best Nigerian Forex Broker
— BONUS 200% for new traders
— Nigerian Naira ₦ (NGN) deposit 
— Deposit min: $1
— Leverage: 1:2000
— FIXED Spread: from 1 Pip
— Fully Regulated in Africa
— Rating 98%
— Regulated by - FCA, CySEC

✅ Platforms

— MT4 & MT5
— iOS/Android App, Web & Mobile

Why trade forex with Exness.

– Super tight spreads
– Instant automated Withdrawals and deposits 24/7
– Multiple withdrawal and deposit methods
– Negative balance protection
– Regulated broker
– Mpesa and Mobile money broker  
– Funding in local currency

3. Hot Forex Broker - Best Broker of 2021

✅ Benefits

High Leverage & Bonuses for new traders
—  100% Bonus for new traders
—  Safe for large and small deposits
—  Nigerian Naira ₦ (NGN) deposit 
—  Min. deposit $50
—  56 Currency pairs
—  Leverage: 1000:1
—  Swap Free Islamic Account
—  Good for beginners
—  Spread from 0.9 Pips

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile


4. Pepperstone Forex Broker Nigeria 2021

✅ Benefits

The Lowest Spread ECN Forex Broker
✔ Spread from 0,0 Pips
✔ For beginners & advanced traders
✔ Regulated by FCA UK, ASIC Australia
✔ Deposit min: $150
✔ Islamic Account
✔ 86 Currency pairs
✔ MT4/MT5/cTrader
✔ Leverage: 400:1
✔ English support
✔ Regulated in UK/Australia

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile

5. XM Forex Broker 

✅ Benefits

Popular MT4 Forex Broker in the World
— $30 No Deposit Bonus
— 56 Currency pairs
— Leverage: 888:1
— Swap Free Islamic Account
— Good for beginners
— Quality online education
— Deposit Min: $15
— Spread from 0 Pips

✅ Platforms

— MT4 & MT5
— iOS/Android App, 
— Web & Mobile

 You May Also Read 

Is Forex legal in Singapore?

Yes unlike in Indonesia where forex is illegal, Singaporeans are free to trade currencies online with any forex broker they want. Currency trading has been very popular and is fortunately completely legal in the country. At the moment there are more than 550 financial providers present in the country. Though forex trading is completely legal here, always make sure to check the reviews before depositing.

The most sophisticated traders of course turn to top-notch foreign forex trading companies for example Exness which are located in the world’s renowned financial centers like London (FCA regulated), Cyprus (Cysec), or Australia (ASIC), and select the one that fits their own trading style the best.

Is Income from Forex Taxable in Singapore?

This is a good question. As many investors know, in Singapore there is no capital gains tax, in fact, there is only income tax. The profits made during intraday trading should be logical can be subject to income tax. However, if you want to be 100% sure, we strongly advise you to speak with your local IRAS tax advisor whether the profits are income or capital gains.

What are the best times to trade forex?

Important to know: Local citizens need to align with different time zones. Since most trading activity is during Asian, European, and US sessions, you will need to wake up a bit earlier.

best time to trade in Forex

The best time to trade is during off-hours meaning during the late-US, Asian, or European trading sessions, which means 8AM until 12PM Singaporean time zone.


Best Forex broker of Singapore that we recommended?

We highly recommended trading with the Exness forex broker, Because it is a well regulated and fully automatic deposit and withdrawal broker. Are you interested? Let's open an account with the Exness - Click Here

Exness


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