Brokers

The brokers we rank — and where they are actually licensed

We rank two internationally regulated brokers, and we name the entity behind each one rather than the group's longest licence list: Pepperstone first (Singapore residents are onboarded by Pepperstone Markets Limited, SCB Bahamas, licence SIA-F217) and Capital.com second. Neither holds a MAS licence. If you want a MAS-licensed firm instead, our best trading brokers Singapore guide names the ones that do — and you can still take our signals through the Telegram subscription. Our signals are a separate service and are not affiliated with any broker.

★ Razor-thin spreads and four platforms — through an offshore entity

Pepperstone

4.6/5

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: SCBASICFCACySECBaFinDFSACMA

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

Capital.com

4.5/5

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
Regulation: SCBFCACySECASICCMA

Pros

3,000+ markets — forex, shares, indices, commodities, crypto and thematic baskets
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

Visit broker Read review

	Pepperstone	Capital.com
Editorial rating	4.6/54.6 / 5	4.5/54.5 / 5
Min. deposit	$0	$20
Spreads from	0.0 pips	0.6 pips
Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView	Capital.com web & app, MetaTrader 4, MetaTrader 5, TradingView, REST API
Regulation	SCBASICFCACySECBaFinDFSACMA	SCBFCACySECASICCMA
	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	Open account Read review

At a glance

At a glance
Brokers	Spreads from	Min. deposit	Regulation	Platforms
Pepperstone	0.0 pips	$0	SCB · ASIC · FCA · CySEC · BaFin · DFSA · CMA	MetaTrader 4, MetaTrader 5, cTrader, TradingView
Capital.com	0.6 pips	$20	SCB · FCA · CySEC · ASIC · CMA	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.

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Our top-ranked broker is Pepperstone: authorised by seven regulators, including ASIC, the FCA and CySEC, with spreads from 0.0 pips on the Razor account. Opening a broker account is optional and separate from the signals subscription.

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Risk 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.

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.