Best Trading Brokers Singapore 2026: Who Is MAS-Licensed, and Who Is Not

Which broker gives free trading signals in Singapore?

Only Base Markets, and only through our link with a $400 deposit that stays in your account as your own trading capital. Every other broker on this page requires the paid Telegram subscription — the calls are identical either way.

We are an affiliate and we earn a commission when you open an account through our links. Base Markets additionally unlocks our signals feed for readers who deposit $400. That is why it sits at rank 1, and we would rather write that sentence than bury it. Base Markets is licensed by the Financial Services Commission of Mauritius (Licence GB25204723) — a genuine third-country licence, but not a MAS licence and not a tier-one one.

If you would rather trade with a MAS-licensed firm, do that and subscribe to the signals through our Telegram bot instead. Every signal carries an exact entry, take-profit and stop-loss, so it executes identically at IG Asia, at Saxo, or anywhere else.

Open a Base Markets account through our link and deposit $400 — the capital stays in your account, yours to trade — and you unlock full signals access free: open the account, deposit $400, then send proof on Telegram to receive every signal. Base Markets is licensed by the Financial Services Commission of Mauritius (Licence GB25204723, company 223521) and publishes no retail-loss percentage, because Mauritius does not mandate one. The absence of a figure is not evidence of lower risk, and an FSC Mauritius licence carries no MAS supervision and no Singapore investor protection.

Is trading forex and CFDs legal for Singapore residents?

Trading leveraged FX and CFDs is legal for Singapore residents, and Singapore-licensed firms offer these products locally. What is regulated is the firm, not you: a provider dealing with Singapore residents without the required licence is operating outside the local perimeter, and you carry the consequence of that, not the marketing department.

Nothing on this page is legal or tax advice. Whether trading profits are taxable in your hands depends on your own circumstances and on whether the activity amounts to a trade or business — that is a question for a Singapore tax professional and for IRAS guidance, not for a broker comparison page. We do not publish a tax rule here because we cannot verify one that applies to you.

What percentage of retail traders lose money with these brokers?

Pepperstone's Bahamian entity publishes 79.6% of retail investor accounts lose money when trading CFDs with this provider. Capital.com's international entity publishes 79.75%. Base Markets publishes no figure, because Mauritius does not require one. Both percentages were read from the brokers' own sites on 15 August 2026.

Read those two numbers carefully, because they are not decorative. They are regulator-mandated disclosures and they are entity-specific: the same brand publishes different figures for different licences. Pepperstone's UK entity publishes 72.9%; its Kenyan entity publishes 88%; the Bahamian entity that would hold a Singapore resident's money publishes 79.6%. Any page telling you "Pepperstone's loss rate is X%" without naming the entity is guessing.

The correct reading of a figure near 80% is not "so 20% of people get rich". It is that leveraged trading is a negative-sum activity for the retail population as a whole after costs, and that your edge, if you have one, has to survive spreads, swaps and your own behaviour. Our signals are analyst opinions with a published track record, not a way around that arithmetic.

Which broker is best for MetaTrader 4 and MetaTrader 5 from Singapore?

Pepperstone offers the widest platform line-up of the brokers we cover — MT4, MT5, cTrader and TradingView. Base Markets runs exclusively on MT5. Capital.com supports MT4, MT5 and TradingView alongside its own app. Locally licensed firms such as IG, Saxo, CMC and POEMS run their own proprietary platforms, which is a different trade-off entirely.

MT5 is the newer build — more timeframes, more order types, a built-in economic calendar. MT4 is the older, lighter standard with the deepest library of third-party indicators and expert advisors. Neither is universally better; what matters is which one your broker supports and which one you already know.

If you are committed to a platform, that single fact can pick your broker for you — but do not let it override the regulatory question. Choosing an entity that is unlicensed in Singapore because you prefer a charting package is the wrong order of priorities.

How do I check a broker's licence from Singapore before I deposit?

Do three things, in this order: read the footer of the exact page you are signing up on to find the legal entity name and licence number; search that entity name in the MAS Financial Institutions Directory; and if it is not there, search the register of the regulator the footer actually names. Five minutes of this beats any comparison page, including ours.

We keep a general walkthrough of this process in our guide on checking that a broker is licensed.

• Step 1 — entity, not brand: a brand name is not an entity. "Pepperstone" is the brand; "Pepperstone Markets Limited" is the entity, and SIA-F217 is its Bahamian licence.
• Step 2 — MAS Financial Institutions Directory: if the firm is inside Singapore's perimeter, it appears there under its exact legal name.
• Step 3 — the named foreign register: the Securities Commission of The Bahamas, the FSC in Mauritius and every other credible regulator publishes a searchable register. If a licence number cannot be found on the regulator's own site, treat the claim as unproven.
• Step 4 — what a licence does not do: a licence tells you who supervises the firm. It does not tell you the firm is a good fit, that withdrawals are fast, or that you will make money.

How do funding and trading costs actually work at these brokers?

Pepperstone's cost model is mechanism-based rather than a single number: the Standard account carries the cost inside the spread, while the Razor account quotes a raw spread plus a fixed commission per lot per side. Which figures apply to you depends on the entity you are onboarded by — so read the pricing page for the region your account sits in, not a number copied from another market.

We will not print a pip figure or a commission rate on this page. The cost documents we can verify from primary sources belong to Pepperstone's European entity, and pricing genuinely differs between entities. Publishing a EUR-denominated European commission beside a Bahamian account would look precise and be wrong. Ask for the current schedule in-account before you size a position.

On funding: Pepperstone's own funding-and-withdrawals pages name card payments, bank transfer, Apple Pay, Google Pay, PayPal, Neteller, Skrill, UnionPay and USDT among its methods. PayNow is not named on those pages — we checked the broker's own funding pages and it is not listed, so do not assume it. Withdrawal fees are described as fee-free in most countries with international transfer charges passed on; confirm the current position for your entity in writing before you fund.

One more thing worth knowing before you set a stop: Pepperstone does not offer a guaranteed stop-loss. Its own FAQ describes a stop as a trigger for a market order, which means slippage through your level is possible in fast markets. Never size a position on the assumption that your stop is guaranteed.

Pepperstone offers MT4, MT5, cTrader and TradingView and holds tier-one licences in other markets — but a Singapore resident is onboarded by its Bahamian entity, not by a MAS-licensed one. Open it only if you have consciously accepted that trade-off, and subscribe to our signals through Telegram. Visit Pepperstone: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.6% of retail investor accounts lose money when trading CFDs with this provider (figure published by Pepperstone Markets Limited, the Bahamas-licensed entity that onboards Singapore residents; read from pepperstone.com/en/ on 15 August 2026). You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This entity is not licensed by the Monetary Authority of Singapore.

Or compare the breadth option: Capital.com pairs a large market range with a well-regarded app. A Singapore resident is onboarded by its Bahamian entity, Capital Com Online Investments Ltd — again, not a MAS licence. Visit Capital.com: 79.75% of retail investor accounts lose money when trading CFDs with this provider (figure published on capital.com/en-int, read 15 August 2026; entity: Capital Com Online Investments Ltd, licensed by the Securities Commission of The Bahamas, SIA-F245). Not MAS-licensed.

The verdict, stated the way we would say it to a friend

If your priority is that a Singapore regulator stands behind your account, pick one of the seven MAS-licensed firms named above and do not let a comparison table — ours included — talk you out of it. If your priority is raw-spread FX execution and a four-platform line-up, and you have consciously accepted that a Bahamian entity will hold your money, Pepperstone is the strongest of the offshore options we cover. And if free signals are the thing you actually came for, that route runs through Base Markets, at rank 1 for that reason and no other.

What we will not do is tell you that an offshore CFD account is "MAS-approved", because it is not, and because the pages that say so are the reason this guide exists.