{"id":418,"date":"2023-06-26T13:37:12","date_gmt":"2023-06-26T13:37:12","guid":{"rendered":"https:\/\/safeforexbrokers.com\/sg\/?page_id=418"},"modified":"2026-04-10T11:46:45","modified_gmt":"2026-04-10T11:46:45","slug":"low-spread-forex-brokers","status":"publish","type":"page","link":"https:\/\/safeforexbrokers.com\/sg\/low-spread-forex-brokers\/","title":{"rendered":"Best Lowest Spread Brokers in Singapore"},"content":{"rendered":"

Spread is the difference between the bid and ask price, and it is one of the ways brokers make money for themselves. Seeing that spread varies from one broker to another, you can take advantage of brokers who offer low spreads. <\/p>\n

This article is aimed at giving you some insight into the trading conditions of the best lowest spread brokers in Singapore. <\/p>\n

Mind you, forex trading is regulated by the Monetary Authority of Singapore (MAS) and it is in your best interest to trade with MAS regulated brokers only.<\/p>\n<\/div>\n

Show More <\/i><\/div>\n

Comparison of Best Lowest Spread Brokers in Singapore<\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n
Forex Broker<\/th>\nMAS Regulation<\/th>\nTrading Platforms<\/th>\nCurrency Pairs<\/th>\n
USD\/SGD Spread<\/center><\/th>\n<\/tr>\n<\/thead>\n
Pepperstone<\/a><\/p>\n
<\/div>\n<\/td>\n
\n
\nNo<\/p>\n
<\/div>\n<\/div>\n<\/td>\n
\n
MT4, MT5, cTrader, capitalise.ai, trading view<\/div>\n<\/td>\n
\n
60+<\/div>\n<\/td>\n
\n
3.00 pips<\/div>\n<\/td>\n<\/tr>\n
FXTM<\/a><\/p>\n
<\/div>\n<\/td>\n
\n
\nNo<\/p>\n
<\/div>\n<\/div>\n<\/td>\n
\n
MT4, MT5<\/div>\n<\/td>\n
\n
60+<\/div>\n<\/td>\n
\n
–<\/div>\n<\/td>\n<\/tr>\n
City Index<\/a><\/p>\n
<\/div>\n<\/td>\n
\n
\nYes<\/p>\n
<\/div>\n<\/div>\n<\/td>\n
\n
MT4, Trading View, City Index WebTrader, CityIndex Mobile App<\/div>\n<\/td>\n
\n
80+<\/div>\n<\/td>\n
\n
0.12 pips<\/div>\n<\/td>\n<\/tr>\n
Oanda<\/a><\/p>\n
<\/div>\n<\/td>\n
\n
\nYes<\/p>\n
<\/div>\n<\/div>\n<\/td>\n
\n
FxTrading App, MT4, MT5<\/div>\n<\/td>\n
\n
40+<\/div>\n<\/td>\n
\n
1.4 pips<\/div>\n<\/td>\n<\/tr>\n
IC Markets<\/a><\/p>\n
<\/div>\n<\/td>\n
\n
\nNo<\/p>\n
<\/div>\n<\/div>\n<\/td>\n
\n
MT4, cTrader<\/div>\n<\/td>\n
\n
60+<\/div>\n<\/td>\n
\n
0.6 pips<\/div>\n<\/td>\n<\/tr>\n
Saxo Bank<\/a><\/p>\n
<\/div>\n<\/td>\n
\n
\nYes<\/p>\n
<\/div>\n<\/div>\n<\/td>\n
\n
SaxoInvestor, SaxoTraderPRO, SaxoTraderGO<\/div>\n<\/td>\n
\n
185+<\/div>\n<\/td>\n
\n
1.4 pips<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Best Lowest Spread Forex Brokers in Singapore<\/h2>\n

The following is a list of the best CFD brokers for traders based in Singapore, according to our research.<\/p>\n

    \n
  1. Pepperstone<\/strong><\/a> – Low Spread Broker with Lowest Commissions<\/li>\n
  2. FXTM<\/strong><\/a> – Best CFD Broker with commission-free trading<\/li>\n
  3. City Index<\/strong><\/a> – Low spread broker with wide range of instruments.<\/li>\n
  4. Oanda<\/strong><\/a> – Best low spread broker for beginners.<\/li>\n
  5. IC Markets<\/strong><\/a> – Lowest spread forex broker.<\/li>\n
  6. Saxo Markets<\/strong><\/a> – Low spread broker with wide range of products.<\/li>\n<\/ol>\n

    Aside from spread we have used other criteria like regulation, tradable instruments, platforms, other fees, and funding methods to create this unbiased list of best low spread brokers in Singapore.<\/p>\n

    #1 Pepperstone – Low Spread Broker with Lowest Commissions.<\/h3>\n
    \n
    \n
    \n
    \"Pepperstone<\/a>
    \n    Visit Pepperstone <\/i><\/a><\/div>\n<\/div>\n
    \n
    \n
    \n
    \n
    MAS Regulation:<\/div>\n
    No<\/div>\n<\/div>\n
    \n
    EUR\/USD Spread<\/div>\n
    1.1 pips<\/div>\n<\/div>\n
    \n
    Account Minimum:<\/div>\n
    SGD 0<\/div>\n<\/div>\n<\/div>\n

    Pepperstone is an online Forex broker that was established in Melbourne, Australia in 2010.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

    They are not regulated in Singapore by the MAS, however they have multiple regulations abroad. <\/p>\n

    In Australia, Pepperstone is regulated by the ASIC, they are also regulated by CySEC, FCA (UK), DFSA, CMA, SCB, BaFin and FSCA. <\/p>\n

    Despite not having MAS regulation, Pepperstone accepts residents from the country and will register your account under SCB Bahamas. <\/p>\n

    Fees:<\/strong> <\/p>\n

    Spread: The typical EUR\/USD spread from the Standard account is 1.1 pips. <\/p>\n

    Commission: Commission for the standard account is free, while that of the razor account depends on your trading platform:<\/p>\n

    MT4\/MT5 platform commission: You will be charged a commission of SG$4.55 per standard lot (100,000 of base currency) per side, and SG$9.10 for round turn. <\/p>\n

    cTrader platform commission: US$3.00 per standard lot per side, making it US$6 for a round turn.<\/p>\n

    Pepperstone Trading and TradingView platforms commission: SG$4.76 (US$3.50) per standard lot when you open the trade and US$3.50 when you close the trade, making it a round turn of SG$9.52 (US$7).<\/p>\n

    Deposit and withdrawal: Pepperstone does not charge deposit and withdrawal fees.<\/p>\n

    Inactivity fee: Free<\/p>\n

    Funding Methods:<\/strong> <\/p>\n

    Pepperstone accepts visa card, master card, PayPal, bank wire, and bank transfer for deposit and withdrawal. <\/p>\n

    You should note that withdrawal requests received before 07:00 (AEST) are processed that same day, and those received before 21:00 (GMT) are processed the following day. <\/p>\n

    Pepperstone does not charge deposit and withdrawal fees, however in the case of International Telegraphic Transfer (TT) fees, it is passed down to the clients. TTs are usually about $20.<\/p>\n

    Trading Platforms<\/strong>:
    \nPepperstone Trading – This is the proprietary trading platform of Pepperstone. Pepperstone Trading Platform has options for charts and charts analysis, technical indicators, allows you to follow public watchlists or customise your own. You can also track instrument performance on the platform. <\/p>\n

    Pepperstone has demo version for practise as well as live trading. It is available on web (WebTrader) and mobile apps (android and iOS)<\/p>\n

    MT4\/MT5 – These are two of the most popular trading platforms among traders. MetaTrader4 and MetaTrader5 are available on Mobile, desktop, and web. MT5 comes with 21 time frames and 38 inbuilt indicators. Both platforms come with expert advisors and platform customization. <\/p>\n

    cTrader – Enables you to code your own strategies using C# and open API. You can customize the platform using cTrader Automate. Comes with advanced charting tools. cTrader is built to replicate institutional trading environment. Available on mobile, desktop, and web.<\/p>\n

    TradingView – You can trade directly from tradingview chart. Gives you access to economic calendar and latest market news. Allows you to connect with the world’s largest social trading network. As a cloud based platform, tradingview offers protection against data loss. <\/p>\n

    Trading Tools<\/strong>:
    \ncTrader Automate – Enables you automate trade without coding. Has a strategy library where you can get strategy ideas. Pepperstone also offers demo account for learning how to trade.<\/p>\n

    Tradable Instruments<\/strong> <\/p>\n

    Forex: you can trade up to 60+ Forex pairs on Pepperstone. This includes 6+ major pairs, 6+ minor pairs, 25+ crosses and 15+ exotic pairs. The maximum leverage for Forex is 1:400.<\/p>\n

    Commodities: Pepperstone offers 30+ commodities. This includes 15+ soft, 4 energies, and 10+ metals.<\/p>\n

    Indices: You can trade up to 20+ indices this includes 5+ North America indices, 10 European indices, and 6+ Asia\/Africa indices. <\/p>\n

    Currency indices: Pepperstone offers three currency pairs.<\/p>\n

    Shares: You can trade 800+ shares on Pepperstone.<\/p>\n

    ETF: Pepperstone offers 100+ ETFs.<\/p>\n

    \n
    \n

    \n <\/i> Pepperstone Pros\n<\/p>\n