The brokers we rank — and where they are actually licensed
We rank five internationally regulated brokers, and we name the entity behind each one rather than the group's longest licence list: **Base Markets** (our free-signals partner, FSC Mauritius), **ActivTrades** (FCA, SCB, CMVM), **XM**, **Pepperstone** (Singapore residents are onboarded by Pepperstone Markets Limited, SCB Bahamas, licence SIA-F217) and **Capital.com**. **None of them holds a MAS licence.** If you want a MAS-licensed firm instead, our [best trading brokers Singapore guide](/signals/guides/best-trading-brokers) names the ones that do — and you can still take our signals through the Telegram subscription.
★ Simple, low-cost — and your signals come free
01BMBase Markets
★★★★★★★★★★4.7/54.7 / 5
The lowest barrier to entry: deposits from $0 and spreads from 0.0 pips on MT5 — plus our full trading signals service free when you fund your account with $400 (roughly S$515) through our link. Licensed in Mauritius, not by MAS.
Get the signals free
Min. deposit
$0
Spreads from
0.0 pips
Platforms
MetaTrader 5
Regulation
FSC
Pros
Deposits from $0 — the lowest entry barrier of the five brokers we rank
Competitive spreads from 0.0 pips
The full MetaTrader 5 platform with all its tools
Cons
**Not licensed by MAS** — licensed offshore by the FSC in Mauritius, so no MAS supervision and no Singapore investor-protection framework
Authorised by the UK's Financial Conduct Authority (ActivTrades PLC, firm reference 434413) with FSCS protection up to £85,000 for UK-entity clients, founded in 2001, and no deposit or withdrawal fees. 84% of retail investor accounts lose money trading CFDs with this provider.
Licensed by ASIC, CySEC and the DFSA in Dubai, genuine swap-free accounts with no spread widening, both MT4 and MT5, and deposits from just $5 (roughly S$6.50).
Min. deposit
$5
Spreads from
0.6 pips
Platforms
MetaTrader 4, MetaTrader 5
Regulation
ASICCySECDFSAFSC
Pros
Multiple respected licences — ASIC (Australia), CySEC (Cyprus) and the DFSA (Dubai)
Swap-free accounts with no spread widening in exchange
Deposits from just $5 (roughly S$6.50)
Cons
**Not licensed by MAS** — no Singapore entity, so no local supervision or complaint route
Standard-account spreads are higher than the Zero account's
Spreads from 0.0 pips on the Razor account and a choice of MT4, MT5, cTrader and TradingView. Singapore residents are onboarded by Pepperstone Markets Limited, Nassau, licensed by the Securities Commission of The Bahamas (SIA-F217) — not by MAS.
Min. deposit
$0
Spreads from
0.0 pips
Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Regulation
SCBASICFCACySECBaFinDFSA
Pros
Spreads from 0.0 pips on the Razor account with a transparent per-lot commission
Four platforms: MetaTrader 4, MetaTrader 5, cTrader and TradingView — the widest line-up we cover
Fast execution with deep liquidity — a genuine choice for scalpers and Expert Advisors
Cons
**Not licensed by MAS.** Singapore residents are onboarded by Pepperstone Markets Limited (SCB Bahamas, SIA-F217) — no MAS supervision, no MAS complaint escalation, no Singapore investor protection, and no FSCS-style compensation
**79.6% of retail investor accounts lose money** when trading CFDs with this provider (Pepperstone Markets Limited, SCB)
Visit brokerRisk warning (Pepperstone, Jul–Sep 2026): 72.9% of retail investor accounts lose money when trading CFDs with this provider under FCA and CySEC, 75.2% under BaFin, 79.6% under SCB and 75–95% under CMA. The figure depends on the licensed entity your account is opened with. Make sure you understand how CFDs work and whether you can afford the high risk of losing your money.Read review
05CCapital.com
★★★★★★★★★★4.5/54.5 / 5
3,000+ markets, zero-commission spread-only pricing, a $20 minimum, and MT4, MT5, TradingView and an API alongside its own app. Singapore residents are onboarded through its Bahamian entity, not a MAS-licensed one. 79.75% of retail investor accounts lose money.
Min. deposit
$20
Spreads from
0.6 pips
Platforms
Capital.com web & app, MetaTrader 4, MetaTrader 5, TradingView, REST API
Low $20 minimum and zero-commission, spread-only pricing
Award-winning web and mobile app with built-in analysis tools
Cons
**Not licensed by MAS** — Singapore residents are onboarded through the Bahamian entity (Capital Com Online Investments Ltd, SCB licence SIA-F245), outside Singapore's investor-protection framework
**79.75% of retail investor accounts lose money** when trading CFDs with the international entity
Open accountRisk warning (Pepperstone, Jul–Sep 2026): 72.9% of retail investor accounts lose money when trading CFDs with this provider under FCA and CySEC, 75.2% under BaFin, 79.6% under SCB and 75–95% under CMA. The figure depends on the licensed entity your account is opened with. Make sure you understand how CFDs work and whether you can afford the high risk of losing your money.Read review
Capital.com web & app, MetaTrader 4, MetaTrader 5, TradingView, REST API
Trading forex and CFDs involves substantial risk of loss. Singapore's capital markets are regulated by the Monetary Authority of Singapore (MAS); the offshore brokers most retail CFD traders use are not MAS-licensed, and our signals are analyst opinions, not investment advice.
Ready to start?
Save up to $2,500/yr (roughly S$3,220)
Get the signals free
Open a trading account with Base Markets through our link and deposit $400 (roughly S$515) — the capital stays in your account, yours to trade — and you unlock full signals access free, replacing a subscription worth around $2,500/yr (roughly S$3,220). Base Markets is licensed by the FSC in Mauritius, not by MAS.
1Open a Base Markets account through our link
2Deposit $400 (roughly S$515) — the capital stays yours to trade
3Send your proof on Telegram and get every signal free
No broker account needed — subscribe through our Telegram bot and start receiving every signal with a clear entry, take-profit and stop-loss, executable at a MAS-licensed firm or anywhere else you already trade.
Trading forex and CFDs involves substantial risk of loss. Singapore's capital markets are regulated by the Monetary Authority of Singapore (MAS); the offshore brokers most retail CFD traders use are not MAS-licensed, and our signals are analyst opinions, not investment advice.
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Trading forex, CFDs and crypto carries a substantial risk of loss and is not suitable for every investor. In Singapore, capital markets services are licensed by the Monetary Authority of Singapore (MAS) — the brokers ranked on this site are licensed offshore and are not MAS-licensed, so you trade outside Singapore's investor-protection framework. Our signals are analyst opinions, not guaranteed profits, and past performance does not guarantee future results.