Finding the right ECN broker in Singapore can give traders access to faster execution, tighter spreads, and greater transparency. ECN brokers connect traders directly with liquidity providers, removing middlemen and offering better trading conditions. This review explores the 10 Best ECN Brokers in Singapore, showing their advantages and why they suit local traders.
We will focus on:
- What ECN brokers are
Why they benefit Singaporean traders
Top 10 trusted choices
Minimum deposits in USD/SGD
- Key standout features
And lots more…
So, if you’re ready to go “all in” with the 9 Best ECN Brokers in Singapore…
Let’s dive right in…
10 Best Forex Brokers in Singapore
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Andre Hanekom
October 5, 2025
In this comprehensive guide, you’ll discover the 10 Best ECN Brokers in Singapore, each offering fast execution, low spreads, and direct market access. ECN brokers are popular because they reduce trading costs, remove conflict of interest, and allow transparency through live market pricing. Singapore traders can enjoy fairer pricing, reliable platforms, and global liquidity with these brokers. Whether you are new to forex or an advanced trader, this list highlights trustworthy ECN brokers tailored for Singapore, showing account types, deposit options, and benefits that make them stand out.
Best ECN Brokers in Singapore- a Comparison
| 🔍 Broker | 🫴🏻 ECN Forex Broker | 🚀Open an Account | 🫰🏻 Min Deposit |
| 🥇 IC Markets | Yes | 👉 Click Here | $200 ~270 SGD |
| 🥈 Pepperstone | Yes | 👉 Click Here | $200 ~270 SGD |
| 🥉 Exness | Yes | 👉 Click Here | $10 ~14 SGD |
| 🏅 FP Markets | Yes | 👉 Click Here | $100 ~135 SGD |
| 🎖️ Tickmill | Yes | 👉 Click Here | $100 ~135 SGD |
| 🥇 FXTM | Yes | 👉 Click Here | $10 ~14 SGD |
| 🥈 Roboforex | Yes | 👉 Click Here | $10 ~14 SGD |
| 🥉 Eightcap | Yes | 👉 Click Here | $100 ~135 SGD |
| 🏅 FXPro | Yes | 👉 Click Here | $100 ~135 SGD |
| 🏅 Avatrade | Yes | 👉 Click Here | $100 ~135 SGD |
What is a ECN Forex Broker?
An ECN broker account connects traders directly with global liquidity providers, cutting out the middleman. Instead of trading against your broker, you access real market prices with tighter spreads and faster execution. This means fairer pricing, more transparency, and fewer conflicts of interest. For Singapore traders, ECN accounts offer an advantage by combining efficiency, lower trading costs, and access to international markets, making them ideal for both beginners and professional traders who value speed and trust.
10 Best ECN Forex Brokers in Singapore (2025)
- IC Markets – Ultra-low spreads, lightning-fast execution always
- Pepperstone – User-friendly platform, excellent customer support
- Exness – Flexible deposits, transparent trading environment
- FP Markets – Advanced tools, strong liquidity access
- Tickmill – Tight spreads, reliable ECN trading conditions
- FXTM – Low minimum deposit, beginner-friendly setup
- RoboForex – Versatile accounts, wide trading asset choice
- EightCap – Strong MT4/MT5 support, crypto trading
- FXPro – Global presence, multiple execution models offered
- AvaTrade – Fixed/variable spreads, broad asset coverage
IC Markets
 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overview
IC Markets is widely respected as one of the best ECN forex brokers for Singaporean traders. Known for its ultra-low spreads and lightning-fast execution, it connects traders directly to global liquidity providers with no dealing desk intervention. This setup ensures transparency, minimal slippage, and highly competitive pricing for scalpers, day traders, and algorithmic users.
With strong regulation, a wide choice of platforms like MT4, MT5, and cTrader, IC Markets delivers flexibility and reliability. For Singapore traders, it offers a professional trading environment with easy deposits, multiple account types, and access to global markets—all supported by a responsive support team and user-friendly onboarding process.
Unique Features
| 🔍 Feature | IC Markets |
| ⌛ Regulation | ASIC, CySEC, FSA Seychelles |
| 📱 Social Media Platforms | Facebook, LinkedIn, Twitter |
| 🫴🏻 MAS Regulation? | Not regulated by MAS |
| 🗂️ Trading Accounts | Raw Spread, Standard, Islamic |
| 📊 Trading Platforms | MT4, MT5, cTrader |
| 💴 Minimum Deposit in SGD | ~ SGD 274 |
| 🛢️ Trading Assets | Forex, indices, commodities, crypto |
| 🗂️ SGD-based Account? | No |
| 🫴🏻 SGD Deposits Allowed? | Yes (via bank, cards, e-wallets) |
| 🎁Bonuses for Singapore traders? | None |
| ✏️Minimum spread | From 0.0 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Ultra-tight spreads for cost-efficient trading. | IC Markets is not regulated by MAS. |
| Choice of MT4, MT5, and cTrader. | Higher minimum deposit than others. |
| Supports SGD deposits via multiple methods. | No direct focus on synthetic indices. |
| High-speed execution for active traders. | Lacks promotional bonuses for Singapore. |
| Wide range of tradable assets. | Geared more towards advanced traders. |
Frequently asked Questions
Is IC Markets suitable for beginners in Singapore?
Yes, although it’s highly professional, beginners benefit from user-friendly platforms, demo accounts, and educational tools before committing to real trading.
Can I fund my IC Markets account in SGD?
Yes, you can deposit in SGD, but the funds are converted into USD or another base currency since no dedicated SGD account exists.
Pepperstone
 | Minimum Deposit: $0 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Leverage: Up to 1:500 |
Overview
Pepperstone is a highly trusted ECN forex broker that appeals strongly to Singapore traders thanks to its user-friendly platforms and award-winning customer support. It offers ultra-fast execution, low trading costs, and direct access to deep liquidity, making it ideal for scalpers, algorithmic traders, and investors seeking transparency. Pepperstone provides access to MT4, MT5, and cTrader, all with excellent charting and automation tools.
For Singaporeans, deposits are straightforward, though accounts are USD, EUR, GBP, or AUD-based. While not regulated by MAS, Pepperstone is licensed by ASIC, FCA, and other tier-one regulators, giving traders peace of mind. Its flexible account types, reliable service, and high-quality education resources make it a strong option for both new and professional traders in Singapore.
Unique Features
| ➡️MAS Regulation | No — Pepperstone does not hold MAS licensing |
| 💻Social Media Platforms | LinkedIn, Twitter, Facebook, and YouTube |
| 🗂️Trading Accounts | Standard, Razor accounts, Professional account, company/joint/retail accounts, and Islamic (swap-free) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, DupliTrade, (also Pepperstone’s own platform per some review |
| 💵Minimum Deposit in SGD | No fixed minimum deposit—but Pepperstone recommends around USD 200 (~SGD 270) for adequate margin |
| 🛢️Trading Assets | Forex (60+ currency pairs), cryptocurrencies, and 1,200+ CFDs including indices, commodities, stocks, precious metals, oil, ETFs |
| 👉SGD-based Account | Yes — SGD is listed among base currencies available |
| 💷SGD Deposits Allowed | Yes — Deposits in SGD supported via various methods |
| 🎁Bonuses for Singaporean traders | No |
| ⬇️Minimum spread | from 0.0 pips |
| ☪️Islamic Account | Yes — Swap-free (Islamic) accounts are available |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| No minimum deposit required to start. | Pepperstone is Not directly licensed by MAS. |
| Ultra-tight spreads from 0.0 pips. | No deposit bonuses available. |
| SGD funding and accounts supported. | Limited in-house research tools. |
| Wide choice of platforms including MT5. | Overnight fees can add up. |
| Excellent reputation with strong global regulation. | Customer service is not always 24/7. |
Frequently asked Questions
Why do Singapore traders choose Pepperstone?
Because of its low-cost trading, fast execution, and reliable platforms, which suit both beginners and professional traders seeking transparency.
Can I open a Razor account in Singapore?
Yes, Singapore traders can open a Razor account with spreads from 0.0 pips and benefit from ECN-style execution and deep liquidity.
Exness
 | Minimum Deposit: $10 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Leverage: Up to 1:2000 |
Overview
Exness is a globally recognised broker known for its flexibility, transparency, and competitive trading conditions. For Singapore traders, it stands out because of its ultra-low minimum deposit, flexible funding in local currencies, and instant withdrawals. Exness operates under strong regulation in multiple regions and offers a reliable trading environment with ECN-style accounts like Raw Spread and Zero accounts. With platforms such as MT4 and MT5, traders benefit from stability, automation, and advanced charting. Exness also provides transparent pricing with detailed reporting, giving traders confidence in fair execution. It is a strong choice for those in Singapore seeking affordability, variety, and dependable service across forex, commodities, indices, and cryptocurrencies.
Unique Features
| 🔍Feature | ℹ️Information |
| ⌛ Regulation | FSA Seychelles, CySEC |
| 📱 Social Media Platforms | Facebook, Instagram, Telegram |
| 🫴🏻 MAS Regulation? | Not regulated by MAS |
| 🗂️ Trading Accounts | Standard, Raw Spread, Pro |
| 📊 Trading Platforms | MT4, MT5, Exness Terminal |
| 💴 Minimum Deposit in SGD | ~ SGD 14 |
| 🛢️ Trading Assets | Forex, indices, commodities, crypto |
| 🗂️ SGD-based Account? | No |
| 🫴🏻 SGD Deposits Allowed? | Yes (via cards/e-wallets) |
| 🎁 Bonuses for SG Traders? | Occasional promotions |
| ✏️ Minimum Spread | From 0.1 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Very low minimum deposit requirement. | Exness is not regulated by MAS. |
| Instant deposits and withdrawals. | No SGD-based account option. |
| Wide range of trading accounts. | Bonuses not consistent year-round. |
| Tight spreads on forex and indices. | Synthetic indices not always a key focus. |
| Supports SGD deposits via e-wallets. | Best features suit active traders, not casual. |
Frequently asked Questions
Why is Exness popular in Singapore?
Because it offers flexible deposits, SGD base accounts, instant withdrawals, and transparent pricing that suits both beginners and professionals.
What is the minimum deposit at Exness?
The minimum deposit starts as low as USD $10 (~14 SGD), making it one of the most affordable ECN-style brokers.
FP Markets
 | Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, CMA Leverage: Up to 1:500 |
Overview
FP Markets is a well-established ECN broker known for its advanced trading tools and strong liquidity access. For Singapore traders, it offers a professional trading environment with ultra-tight spreads starting from 0.0 pips and fast execution speeds, making it attractive for scalpers and algorithmic traders. With MT4, MT5, and IRESS platforms available, traders get flexibility across forex, commodities, indices, shares, and cryptocurrencies.
FP Markets is regulated by ASIC and CySEC, ensuring a safe and transparent trading framework. While accounts are not SGD-based, deposits can be made in SGD and converted seamlessly. Its focus on education, powerful analysis tools, and transparent ECN conditions makes FP Markets an excellent choice for both new and experienced traders in Singapore.
Unique Features
| ⌛ Regulation | Regulated by ASIC (Australia), CySEC (Europe) |
| 📱 Social Media Platforms | Facebook, Instagram, Twitter, LinkedIn, YouTube |
| 🫴🏻 MAS Regulation? | No, but accessible for Singapore traders |
| 🗂️ Trading Accounts | Standard Account, Raw ECN Account, IRESS accounts |
| 📊 Trading Platforms | MT4, MT5, IRESS |
| 💴 Minimum Deposit in SGD | ~135 SGD (USD $100) |
| 🛢️ Trading Assets | Forex, shares, indices, commodities, metals, cryptocurrencies |
| 🗂️ SGD-based Account? | No dedicated SGD account |
| 🫴🏻 SGD Deposits Allowed? | Yes, accepted with currency conversion |
| 🎁 Bonuses for Singaporean traders? | No bonuses due to regulations |
| ✏️ Minimum spread | From 0.0 pips (Raw ECN Account) |
| 🆓 Demo Account | Yes, unlimited practice demo |
| ☪️ Islamic Account | Yes, swap-free accounts available |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Very low minimum deposit requirement. | FP Markets is Not directly licensed by MAS. |
| Tight spreads from 0.0 pips. | Some tools require learning curve for beginners. |
| Supports SGD accounts and deposits. | Limited educational resources compared to bigger brokers. |
| Wide choice of trading instruments. | Bonuses not consistently offered in Singapore. |
| Strong global regulation under ASIC and CySEC. | IRESS platform has higher costs than MT5. |
Frequently asked Questions
Why do traders in Singapore choose FP Markets?
Because it offers professional ECN trading with ultra-tight spreads, fast execution, and strong regulation, perfect for both retail and professional traders.
What is the minimum deposit at FP Markets?
The minimum deposit starts at USD $100 (~135 SGD), making it accessible while still offering top-level ECN trading conditions.
Tickmill
 | Minimum Deposit: $10 Regulated by: CySEC, FCA, FSA, FSCA Leverage: Up to 1:1000 |
Overview
Tickmill is a trusted ECN broker well-regarded for its tight spreads, reliable trading conditions, and strong regulation. For Singapore traders, it provides a low-cost entry into forex and CFD trading with spreads starting from 0.0 pips and competitive commissions. Its MT4 and MT5 platforms are designed for fast execution, automation, and smooth charting.
Tickmill is ideal for active traders, scalpers, and those who value transparent execution. While not MAS-regulated, it operates under respected international regulators and allows Singaporeans to deposit easily, though not in SGD base accounts. Educational resources, trading tools, and customer support add to its appeal, making it a dependable choice for both beginners and experienced traders in Singapore.
Unique Features
| 🔍Feature | ℹ️ Information |
| ⌛Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| 📱Social Media Platforms | Facebook YouTube Telegram |
| 🫴🏻 MAS Regulation? | None |
| 🗂️Trading Accounts | Pro Account, Classic Account, VIP Account |
| 📊Trading Platform | MetaTrader 4, MetaTrader 5 |
| 💴Minimum Deposit in SGD | 6.65 SGD or $5 |
| 🛢️Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
| 🗂️SGD-based Account? | None |
| 🫴🏻 SGD Deposits Allowed? | None |
| 🎁Bonuses for Singaporean traders? | Yes |
| ⬇️Minimum spread | From 0.0 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Tight spreads starting from 0.0 pips. | Tickmill is not MAS regulation for Singapore. |
| Low commission fees on Pro accounts. | No SGD base currency option. |
| Strong regulation in multiple jurisdictions. | Bonuses limited or region-specific. |
| Excellent execution speed for scalpers. | Asset range smaller than some rivals. |
| Free educational and analytical resources. | Minimum deposit higher than ultra-low brokers. |
Frequently asked Questions
Is Tickmill good for Singapore beginners?
Yes, its Classic Account is beginner-friendly with no commissions and competitive spreads, plus free educational resources help new traders.
What is the minimum deposit at Tickmill?
The minimum deposit is USD $100 (~135 SGD), which gives traders access to ECN-style conditions with tight spreads.
FXTM
 | Minimum Deposit: $200 Regulated by: FCA, FSC, FSCA Leverage: Up to 1:2000 |
Overview
FXTM (ForexTime) is a globally recognised broker known for its low entry requirements and beginner-friendly setup. For Singapore traders, it offers an accessible path into ECN-style trading with a minimum deposit starting at just around 14 SGD (USD $10). FXTM provides reliable MT4 and MT5 platforms with fast order execution, competitive spreads, and a variety of account types suited to both new and experienced traders.
Regulated by multiple authorities, it combines safety with flexibility. While not directly MAS-regulated, Singapore traders can enjoy seamless deposits in SGD through automatic conversion. FXTM also stands out for its strong educational resources, analytical tools, and responsive customer support, making it an excellent choice for traders seeking to start small but trade smart.
Unique Features
| 🔍Feature | ℹ️ Information |
| ⌛ Regulation | Regulated by FCA (UK), CySEC (Europe), FSCA (South Africa) |
| 📱 Social Media Platforms | Facebook, Twitter, Instagram, LinkedIn, YouTube |
| 🫴🏻 MAS Regulation? | No, but accepts Singapore-based clients |
| 🗂️ Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
| 📊 Trading Platforms | MT4, MT5 |
| 💴 Minimum Deposit in SGD | ~14 SGD (USD $10) |
| 🛢️ Trading Assets | Forex, metals, indices, commodities, cryptocurrencies |
| 🗂️ SGD-based Account? | No dedicated SGD account |
| 🫴🏻 SGD Deposits Allowed? | Yes, deposits in SGD converted automatically |
| 🎁 Bonuses for Singaporean traders? | Sometimes offered, varies by region |
| ✏️ Minimum spread | From 0.0 pips (Advantage Account) |
| 🆓 Demo Account | Yes, unlimited practice demo available |
| ☪️ Islamic Account | Yes, swap-free option available |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Very low minimum deposit (USD $10). | FXTM is not MAS-regulated in Singapore. |
| Great educational materials for beginners. | Bonuses vary by jurisdiction. |
| ECN-style accounts with tight spreads. | Limited asset range compared to larger brokers. |
| User-friendly MT4 and MT5 platforms. | No SGD-based trading account option. |
| Responsive multilingual customer support. | Withdrawal fees may apply depending on method. |
Frequently asked Questions
Is FXTM suitable for new traders in Singapore?
Yes, it’s one of the most beginner-friendly brokers thanks to its low deposit requirement, simple setup, and excellent educational resources.
What is the minimum deposit to start with FXTM?
The minimum deposit starts from USD $10 (~14 SGD), making it perfect for traders who want to start small and learn safely.
RoboForex
 | Minimum Deposit: $10 Regulated by: FSC Leverage: Up to 1:200 |
Overview
RoboForex is a globally trusted broker known for its wide selection of account types, fast execution, and strong asset diversity. For Singapore traders seeking ECN-style precision, RoboForex offers competitive spreads from 0.0 pips and advanced platforms like MT4, MT5, cTrader, and R StocksTrader. The broker allows flexible deposits, starting from about 14 SGD (USD $10), making it accessible to both beginners and professionals. While not MAS-regulated, RoboForex is licensed under IFSC Belize, ensuring client fund security through segregated accounts and negative balance protection.
Traders in Singapore benefit from a variety of trading instruments — including forex, crypto, stocks, and indices — all under one platform. RoboForex stands out for its transparency, fast withdrawals, and versatile account options tailored for every trading style.
Unique Features
| 🔍Feature | Information |
| ⌛Regulation | (FSC/IFSC) of Belize, under license # 000138/32 |
| 📱Social Media Platforms | LinkedIn YouTube |
| 🫴🏻 MAS Regulation? | NO |
| 🗂️Trading Accounts | Pro-Cent account Pro-Standard account ECN Account Prime Account R Stocks trader account |
| 📊Trading Platforms | MetaTrader 4 IMetaTrader 5 R StocksTrader |
| 💴Minimum Deposit in SGD | 13.50 SGD or an equivalent to $10 |
| 🛢️Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures EFT’s |
| 🗂️SGD-based Account? | None |
| ✔️SGD Deposits Allowed? | Yes but will be converted to USD |
| 🎁Bonuses for Singapore traders? | Yes |
| ✏️Minimum spread | From 0.0 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| You can start trading with as little as around SGD 13.50 (USD 10), which is beginner-friendly. | RoboForex is regulated offshore (Belize IFSC), not by the Monetary Authority of Singapore. This means less investor protection under Singapore law. |
| Access to forex, stocks, ETFs, indices, commodities, futures, and crypto CFDs all from one account | Deposits in SGD are converted to USD/EUR/GOLD internally, possibly incurring minor conversion fees. |
| Choose from popular platforms like MT4, MT5, cTrader, and the proprietary R StocksTrader for multi-asset trading. | Islamic accounts avoid swaps but charge fixed commissions, which might be higher than regular swap fees depending on trading volume. |
| Welcome bonuses, profit-share bonuses, and cashback offers can boost your trading capital. | ECN and Prime accounts have very low spreads but charge commissions; standard accounts have wider spreads but no commissions. |
| Leverage up to 1:2000 on some accounts, offering strong potential for smaller capital to control bigger trades (with caution). | SGD deposit methods might be limited, and currency conversion means slightly higher costs. |
Frequently asked Questions
s RoboForex safe for Singapore traders?
Yes, RoboForex follows strict financial protocols and offers negative balance protection, though it is not directly regulated by MAS.
What makes RoboForex appealing for ECN traders?
It offers ultra-tight spreads, fast execution, and multiple ECN-style accounts suited for both scalpers and long-term professionals.
Eightcap
 | Minimum Deposit: $100 Regulated by: ASIC, FCA, CySEC, SCB Leverage: Up to 1:500 |
Overview
Eightcap is a trusted Australian-based ECN broker known for its transparent trading environment, deep liquidity, and support for both forex and crypto assets. For Singapore traders, Eightcap offers ultra-tight spreads from 0.0 pips, fast execution, and access to over 800 instruments — including forex pairs, indices, commodities, shares, and cryptocurrencies. With regulation from ASIC (Australia) and SCB (Bahamas), the broker ensures a safe and compliant trading experience.
Although not MAS-regulated, Singaporean clients can trade with peace of mind through its global framework. Deposits start from roughly 135 SGD (USD $100), making it accessible for most traders. Its strong MT4 and MT5 integration, advanced tools like Capitalise.ai for automated strategies, and reliable customer support make Eightcap an excellent ECN choice for both beginners and professionals in Singapore.
Unique Features
| 🔍Feature | ℹ️ Information |
| ⌛ Regulation | ASIC, SCB |
| 📱 Social Media Platforms | Twitter, Facebook, Instagram, YouTube, LinkedIn |
| 🫴🏻 MAS Regulation? | Not MAS-regulated |
| 🗂️ Trading Accounts | Standard, Raw |
| 📊 Trading Platforms | MT4, MT5, TradingView |
| 💴 Minimum Deposit in SGD | About 135 SGD (equivalent to $100 USD) |
| 🛢️ Trading Assets | Cryptos, forex, indices, commodities, shares |
| 🗂️ SGD-based Account? | No SGD account |
| 🫴🏻 SGD Deposits Allowed? | Yes, converted automatically |
| 🎁 Bonuses for Singaporean traders? | No bonuses |
| ✏️ Minimum spread | From 0.0 pips (Raw account) |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | No Islamic account |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| ASIC-regulated with strong client protection. | EightcCap is not regulated by MAS. |
| Excellent MT4, MT5, and TradingView integration. | Limited educational content for beginners. |
| Tight ECN spreads from 0.0 pips. | No dedicated SGD account. |
| Offers crypto trading alongside forex. | Some withdrawal options have fees. |
| Supports automated trading via Capitalise.ai. | Bonuses not always available in Singapore. |
Frequently asked Questions
Is Eightcap suitable for Singapore traders?
Yes, Eightcap welcomes Singaporean clients, offering low spreads, reliable regulation, and diverse markets, though it isn’t MAS-licensed.
What makes Eightcap stand out as an ECN broker?
It provides direct market access, raw spreads, and strong automation tools — ideal for traders seeking speed and transparent pricing.
FXPro
 | Minimum Deposit: $100 Regulated by: FCA, SCB Leverage: Up to 1:500 |
Overview
FXPro is one of the most established global ECN brokers, trusted by millions of traders worldwide. For Singapore traders, FXPro offers a transparent trading environment backed by strong regulations from FCA (UK), CySEC (Cyprus), and FSCA (South Africa). It stands out for providing multiple execution models — including ECN, STP, and Market — allowing users to choose what best fits their trading style. With spreads from 0.0 pips and lightning-fast order execution, FXPro delivers reliability for both retail and professional traders.
Minimum deposits start at around 200 SGD (USD $150). Although not regulated by MAS, Singaporean clients can access its wide range of forex, indices, commodities, shares, and crypto assets with ease. FXPro’s advanced tools, multi-platform access (MT4, MT5, cTrader, and proprietary FXPro Edge), and award-winning customer service make it a strong choice for those seeking deep liquidity and flexibility.
Unique Features
| 🔍Feature | ℹ️ Information |
| ⌛ Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| 📱 Social Media Platforms | Facebook, Instagram, YouTube, X (Twitter), LinkedIn |
| 🫴🏻 MAS Regulation? | No, but accepts Singapore traders |
| 🗂️ Trading Accounts | MT4, MT5, cTrader, FXPro Edge accounts |
| 📊 Trading Platforms | MT4, MT5, cTrader, FXPro Edge |
| 💴 Minimum Deposit in SGD | ~200 SGD (USD $150) |
| 🛢️ Trading Assets | Forex, indices, shares, crypto, metals, commodities |
| 🗂️ SGD-based Account? | No, but supports SGD deposits |
| 🫴🏻 SGD Deposits Allowed? | Yes, via card or e-wallet conversion |
| 🎁 Bonuses for Singaporean traders? | Occasional loyalty and referral offers |
| ✏️ Minimum spread | From 0.0 pips (cTrader ECN) |
| 🆓 Demo Account | Yes, MT4, MT5, and cTrader demo accounts |
| ☪️ Islamic Account | Yes, swap-free option available |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by top-tier authorities (FCA, CySEC). | Not MAS-regulated in Singapore. |
| Multiple trading platforms and execution models. | Slightly higher minimum deposit than peers. |
| Tight spreads and deep ECN liquidity. | Inactivity fees apply after long idle periods. |
| Fast trade execution suitable for scalpers. | Bonuses not always available. |
| Excellent customer support and reputation. | No dedicated SGD account. |
Frequently asked Questions
Why is FXPro a good ECN choice for Singapore traders?
FXPro offers professional-grade execution, low spreads, and global regulation, making it ideal for traders seeking transparency and reliability.
Which FXPro platform suits ECN trading best?
The cTrader platform is preferred by ECN traders for its fast execution, detailed depth-of-market view, and transparent pricing structure.
AvaTrade
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Leverage: Up to 1:400 |
Overview
AvaTrade is a globally respected forex and CFD broker offering both fixed and variable spreads, appealing to traders who value stability and flexibility. For Singapore traders, AvaTrade provides secure, regulated trading under top-tier authorities like the Central Bank of Ireland, ASIC (Australia), and FSCA (South Africa). While not MAS-regulated, it maintains a strong reputation for client safety and transparent pricing.
Traders can access over 1,000 assets — including forex, stocks, commodities, indices, ETFs, and cryptocurrencies — all through MT4, MT5, or AvaTradeGO. With a minimum deposit of about 135 SGD (USD $100), it’s accessible for both beginners and experienced traders. AvaTrade’s user-friendly platforms, comprehensive educational content, and consistent pricing make it a reliable choice for Singaporeans seeking balanced, global ECN trading options with steady execution and protection.
Unique Features
| 🔍Feature | ℹ️ Information |
| ⌛ Regulation | Central Bank of Ireland, ASIC, FSCA |
| 📱 Social Media Platforms | Facebook, LinkedIn, Twitter |
| 🫴🏻 MAS Regulation? | Not regulated by MAS |
| 🗂️ Trading Accounts | Retail, Professional, Islamic |
| 📊 Trading Platforms | MT4, MT5, AvaTradeGO |
| 💴 Minimum Deposit in SGD | ~ SGD 137 |
| 🛢️ Trading Assets | Forex, indices, options, crypto |
| 🗂️ SGD-based Account? | No |
| 🫴🏻 SGD Deposits Allowed? | Yes (via card/wire transfer) |
| 🎁 Bonuses for SG Traders? | No |
| ✏️ Minimum Spread | From 0.9 pips |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Strong global regulation adds safety. | AvaTrade is not regulated by MAS. |
| Wide variety of trading instruments. | Minimum deposit higher than Exness/Deriv. |
| Beginner-friendly with AvaTradeGO app. | Spreads not the tightest. |
| Educational tools for new traders. | No SGD-based trading account. |
| Supports SGD deposits via cards/banks. | No bonus promotions for Singapore. |
Frequently asked Questions
Is AvaTrade suitable for Singaporean traders?
Yes. AvaTrade welcomes Singapore clients, offering strong regulation, multilingual support, and a broad range of trading assets.
What makes AvaTrade a good ECN-style broker?
It provides consistent pricing, reliable execution, and global market access — ideal for those wanting balanced and regulated ECN-style conditions.
How to choose ECN Brokers in Singapore
Choosing the best ECN broker in Singapore is key to trading success. ECN (Electronic Communication Network) brokers connect traders directly to liquidity providers, ensuring tight spreads and fast execution. With so many choices, it’s essential to look beyond marketing promises and focus on transparency, regulation, trading costs, and platform quality. Singapore traders benefit from competitive pricing and access to global markets through top ECN brokers. This guide explains each step to help you confidently select a reliable ECN broker suited to your trading goals and style.
Step 1: Check Broker Regulation and Licensing
Ensure the ECN broker is licensed by reputable authorities like ASIC, FCA, or CySEC. Regulation protects your funds and guarantees fair trading practices. While MAS licensing is ideal, most international ECN brokers still accept Singapore clients safely under global regulation. Verify the broker’s registration number and compliance details on its website before opening an account — this simple step helps safeguard your investment against potential scams or unreliable intermediaries.
Step 2: Compare Spreads and Trading Costs
One of the biggest ECN advantages is low trading costs. Compare each broker’s spreads, commissions, and overnight fees. Raw spread accounts often start from 0.0 pips, but they charge small commissions per trade. Evaluate the total cost based on your trading volume. For Singapore traders, brokers like IC Markets or Pepperstone offer competitive ECN pricing that suits both scalpers and long-term traders. Transparent costs ensure fair execution and better profitability.
Step 3: Evaluate Trading Platforms and Tools
A reliable platform is essential for ECN trading. Look for brokers offering MT4, MT5, or cTrader — all known for speed and advanced charting. These platforms support real-time depth-of-market visibility and automated trading features. In Singapore’s fast-paced trading environment, stability and execution speed matter most. Choose a broker whose platform integrates well with your strategy, whether you trade manually or use algorithms for precision and efficiency.
Step 4: Assess Account Types and Features
Different ECN brokers provide multiple account types tailored to various trading needs. Some offer raw spread accounts for active traders, while others have commission-free standard accounts. Check minimum deposits, leverage, and whether SGD deposits are supported. For example, Exness and FP Markets are known for flexible deposit options. Understanding account features helps you choose one that fits your budget, experience level, and preferred trading style — ensuring a smooth experience from the start.
Step 5: Test the Broker with a Demo Account
Before funding your real account, test the broker’s performance using a demo account. It’s a safe way to evaluate spreads, execution speed, and platform stability without risk. Reputable ECN brokers like FXPro and Eightcap offer full demo access mirroring live market conditions. Singapore traders can use these demos to build confidence, test strategies, and confirm that the broker’s trading environment matches expectations before committing any real funds.
Step 6: Review Deposit, Withdrawal, and Support Quality
A good ECN broker ensures smooth deposits and fast withdrawals. Look for brokers that accept SGD or offer easy conversion. Test customer service through chat or email to see how quickly they respond. Reliable 24/5 or 24/7 support is crucial, especially for Singapore’s active trading sessions. Transparency in payment processing and responsive service indicates a broker that values client trust and convenience — a vital part of your overall trading experience.
Advantages and Disadvantages
| ✅Advantages | ❌ Disadvantages |
|---|---|
| Direct access to liquidity providers ensures tighter spreads and better pricing for all traders. | ECN accounts often have commission charges that add to trading costs. |
| Transparent trading environment without broker interference or price manipulation. | Minimum deposits may be higher than standard broker accounts. |
| Faster execution speeds ideal for scalpers and high-frequency traders. | Market volatility can lead to slippage during major news events. |
| Access to real market depth and interbank pricing visibility. | No guaranteed stop-loss protection on some ECN platforms. |
| Competitive trading costs benefit Singapore traders managing smaller accounts. | Limited educational resources compared to market maker brokers. |
Conclusion
ECN brokers offer Singapore traders unmatched transparency, low spreads, and fast execution. They connect directly to global liquidity providers, giving access to real interbank pricing and fair trading conditions. Although not all are MAS-regulated, top international ECN brokers maintain strong oversight and client protection. For traders in Singapore seeking serious performance, ECN accounts provide the ideal balance of reliability, speed, and control — making them an excellent choice for long-term trading success.
Frequently asked Questions
What is an ECN broker?
An ECN broker connects traders directly to liquidity providers, offering transparent pricing, fast execution, and lower spreads without dealing desk interference.
Are ECN brokers legal in Singapore?
Yes. ECN brokers regulated by global authorities can operate legally, even if not licensed by MAS, as long as they follow international compliance standards.
Why choose ECN over standard brokers?
ECN brokers offer real market access, tighter spreads, and faster trade execution, which are ideal for serious traders seeking transparency and fair pricing.
What’s the minimum deposit for ECN brokers?
It varies. Many brokers accept around 135–200 SGD, depending on the platform and account type. Some may offer lower thresholds for Singapore traders.
Can I trade ECN using SGD?
Most brokers don’t provide SGD base accounts, but SGD deposits are accepted and automatically converted into USD or EUR for trading convenience.
Which platform is best for ECN trading?
MT4, MT5, and cTrader are the top platforms for ECN trading — offering market depth, custom tools, and high-speed execution.
Do ECN brokers charge commissions?
Yes, typically a small fee per trade, but total costs remain low due to raw spreads starting from 0.0 pips.
Are ECN brokers suitable for beginners?
Yes, if the trader has basic forex knowledge. Some brokers like FXTM and AvaTrade offer user-friendly platforms and educational materials for new traders.
How do I verify if a broker is real ECN?
Check the broker’s regulation, execution model, and liquidity partnerships. True ECN brokers disclose their pricing and use direct market access without markups.
Can Singapore traders access ECN crypto pairs?
Yes. Brokers like Eightcap and Exness offer ECN-style crypto trading with tight spreads and high liquidity, ideal for active traders in Singapore.
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