If you’re trading in Singapore, keeping your costs low can make a big difference. That’s where low spread brokers come in — they help you trade more efficiently and keep more of your profits. In this review, we’ve rounded up the 5 best low spread brokers that stand out for Singapore traders.
Here’s what you’ll find inside:
The top 5 brokers with the lowest spreads in Singapore
Why low spreads matter for everyday traders
How these brokers are regulated for peace of mind
Platforms and tools that make trading easier
Ways low spreads can save you money long-term
- Andre Hanekom
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In this comprehensive guide, you’ll discover the 5 best low-spread brokers in Singapore that help traders cut costs while maximising returns. These brokers combine tight spreads, reliable platforms, and trusted regulation, making them ideal for both beginners and seasoned traders. From fast execution to user-friendly apps, they provide the tools needed for confident trading in forex and CFDs.
For Singapore traders, choosing a low-spread broker means lower fees, improved trade accuracy, and more opportunities to profit in volatile markets. Whether you trade casually or actively, these brokers stand out as top choices for affordable, secure, and efficient trading.
5 Best Low-Spread Brokers in Singapore – Comparison
| 🔍Broker | 🫴🏻Low-Spread Broker | 🚀Open an Account | 💵Minimum Deposit | ➡️Minimum Spreads |
| 🥇IC Markets | Yes | 👉 Click Here | SGD268 or USD200 | 0.0 pips |
| 🥈Pepperstone | Yes | 👉 Click Here | No Minimum, recommended amount, SGD 268 or USD200 | 0.0 pips |
| 🥉Exness | Yes | 👉 Click Here | Cent acc: SGD 1.68 or $1 SGD 268 or USD200 | 0.0 pips |
| 🏆Tickmill | Yes | 👉 Click Here | SGD 134 or USD100 | 0.0 pips |
| 🏅FxPro | Yes | 👉 Click Here | SGD 134 or USD100 | 0.0 pips |
What is low-spread trading in Singapore?
Low-spread trading in Singapore simply means paying less every time you buy or sell in the market. The “spread” is the tiny gap between the buying and selling price — and when that gap is small, your costs are lower. For traders in Singapore, this is a big advantage because it keeps more profit in your pocket, especially if you trade often or in fast-moving markets. With Singapore’s safe and well-regulated trading environment, using a broker that offers low spreads is one of the smartest ways to trade more efficiently and keep expenses under control.
5 Best Low-Spread Brokers in Singapore (2025)
- IC Markets – Overall, The Best Raw and Low-Spread Broker in Singapore
- Pepperstone – Best Low-spread broker
- Exness – Best mobile app
- Tickmill – Best Swap-free Broker
- FxPro – Best rebates Broker
IC Markets
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overview
IC Markets’ Low-Spread Account offers competitive trading conditions with tight spreads starting from 0.0 pips, making it ideal for active traders, scalpers, and those utilizing Expert Advisors (EAs). The account provides access to advanced trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, ensuring fast execution speeds and deep liquidity.
While IC Markets is not regulated by the Monetary Authority of Singapore (MAS), it holds licenses from reputable international regulators, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Singaporean traders can open an account with a minimum deposit of approximately USD 200, which is approximately SGD 268. The account is suitable for traders seeking low-cost trading with high-frequency strategies.
Unique Features
| 🔍Feature | Information |
| ⌛Regulation | FCA, FSCA, CySEC, DFSA, FSA, FSC, CMA |
| 📱Social Media Platforms | Instagram |
| 🫴🏻 MAS Regulation? | None |
| 🗂️Trading Accounts | Micro Account Premium Account Zero Spread account Pro Account Islamic (Swap free) Option Demo Account |
| 📊Trading Platforms | Webtrader MetaTrader 4 MetaTrader 5 Mobile App |
| 💴Minimum Deposit in SGD | 7 SGD or $5 |
| 🛢️Trading Assets | Forex Stocks Commodities Cryptocurrencies Bonds Indices Exchange-Traded Funds (ETFs) Contracts for Difference (CFDs) Precious Metals |
| 🗂️SGD-based Account? | Yes |
| ✔️SGD Deposits Allowed? | Yes |
| 🎁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 |
| Tight spreads from 0.0 pips, reducing trading costs. | Not regulated by the Monetary Authority of Singapore (MAS). |
| Access to advanced platforms: MT4, MT5, cTrader. | Minimum deposit required is approximately SGD 268. |
| High leverage options up to 1:500. | No bonuses or promotions for Singaporean traders. |
| No restrictions on scalping or automated trading. | SGD-based accounts not available. |
| Swap-free Islamic account available. | Currency conversion fees may apply for SGD deposits. |
Frequently Asked Questions
1. Can Singaporean traders open an account with IC Markets?
Yes, Singaporeans can open accounts, deposit in SGD (with currency conversion), and trade globally. However, IC Markets is not directly regulated by MAS.
2. What is the main advantage of the IC Markets Raw Spread account?
The Raw Spread account offers ultra-tight spreads from 0.0 pips, making it cost-efficient for high-frequency traders and those seeking lower trading expenses.
Pepperstone
 | Minimum Deposit: $0 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Leverage: Up to 1:500 |
Overview
Pepperstone is a popular choice for Singaporean traders who want low-cost, efficient trading. Its Razor Account offers ultra-tight spreads starting from 0.0 pips on major forex pairs like EUR/USD, making it perfect for scalpers, day traders, and those using trading bots. Lower spreads mean you keep more of your profits and can trade more confidently, even in fast-moving markets. Pepperstone supports multiple platforms, including MT4, MT5, cTrader, and TradingView, giving you flexibility and powerful tools for analysis.
While it’s not regulated by Singapore’s MAS, Pepperstone is licensed by respected international authorities such as FCA (UK), ASIC (Australia), and CySEC (Cyprus). Singaporean traders can start with as little as SGD 134, with SGD deposits accepted. Overall, Pepperstone offers a secure, professional, and cost-effective way to trade with some of the tightest spreads available.
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 |
| Ultra-tight spreads from 0.0 pips, reducing trading costs. | Not regulated by the Monetary Authority of Singapore (MAS). |
| Low commission of $3.50 per side per standard lot. | Minimum deposit required is approximately SGD 134. |
| Access to advanced trading platforms: MT4, MT5, cTrader, TradingView. | No bonuses or promotions for Singaporean traders. |
| Swap-free Islamic account available. | SGD-based accounts not available. |
| Fast execution speeds suitable for scalping and algorithmic trading. | Currency conversion fees may apply for SGD deposits. |
Frequently Asked Questions
1. Why are Pepperstone’s spreads considered low?
Pepperstone’s Razor Account offers spreads starting from 0.0 pips, meaning the difference between buying and selling prices is minimal, which keeps trading costs very low.
2. How do low spreads benefit Singaporean traders?
Lower spreads mean you pay less every time you enter or exit a trade. This is especially useful for scalping, day trading, and high-frequency strategies.
Exness
 | Minimum Deposit: $10 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Leverage: Up to 1:2000 |
Overview
Exness offers a Low-Spread account tailored for active traders seeking tight spreads and low commissions. The Zero Account provides spreads starting from 0.0 pips on the top 30 traded instruments during 95% of the day, with a fixed commission of $3.50 per side per lot. This account is ideal for scalpers, day traders, and algorithmic traders who require fast execution and low trading costs.
While Exness is not regulated by the Monetary Authority of Singapore (MAS), it holds licenses from reputable international regulators, ensuring a secure trading environment. Singaporean traders can open an account with a minimum deposit of approximately SGD 268, making it accessible for those looking to engage in cost-effective trading strategies.
Unique Features
| 🔍Feature | Information |
| ⌛Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📱Social Media Platforms | Instagram YouTube |
| 🫴🏻 MAS Regulation? | None |
| 🗂️Trading Accounts | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trade app |
| 💴Minimum Deposit in SGD | 13.29 SGD or USD10 |
| 🛢️Trading Assets | Forex Metals Crypto Energies Indices Stocks |
| 🗂️SGD-based Account? | Yes |
| 🫴🏻 SGD Deposits Allowed? | Yes |
| 🎁Bonuses for Singaporean 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 from 0.0 pips on the Zero Account. | Not regulated by the Monetary Authority of Singapore (MAS). |
| Fixed commission structure for cost predictability. | Minimum deposit required is approximately SGD 268. |
| Fast execution speeds suitable for scalping and algorithmic trading. | No bonuses or promotions for Singaporean traders. |
| Swap-free Islamic account available. | SGD-based accounts not available. |
| Access to a wide range of trading instruments. | Currency conversion fees may apply for SGD deposits. |
Frequently Asked Questions
1. Can Singaporean traders open an account with Exness?
Yes, Singaporeans can open accounts, deposit in SGD (with currency conversion), and trade globally. However, Exness is not directly regulated by MAS.
2. What is the main advantage of the Exness Zero Account?
The Zero Account offers ultra-tight spreads starting from 0.0 pips and a fixed commission of $3.50 per side per lot, making it cost-efficient for high-frequency traders.
Tickmill
 | Minimum Deposit: $10 Regulated by: CySEC, FCA, FSA, FSCA Leverage: Up to 1:1000 |
Overview
Tickmill’s Low-Spread Raw Account is perfect for traders who want to keep costs low and trading efficient. Spreads start from just 0.0 pips on popular pairs like EUR/USD, making it great for scalping and fast-paced strategies. A small commission of $3 per side per standard lot keeps trading affordable.
While Tickmill isn’t regulated by Singapore’s MAS, it is licensed by trusted international authorities, including the Seychelles FSA. Singaporean traders can get started with a minimum deposit of around SGD 134, making it an accessible option for anyone looking to trade smartly without high upfront costs.
Unique Features
| ⌛Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
| ☪️Islamic Account | Yes |
| ✏️Retail Investor Accounts | Classic, Raw |
| 🗂️Account Types Eligible for Islamic | All |
| ➡️Starting spread | From 0.0 pips |
| 💴Minimum Commission per Trade | $1 per side, per standard lot traded |
| 💵Minimum Deposit | 135 SGD (100 USD) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, CQG, Tickmill App |
| 🛢️Financial Instruments Offered | Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, ETFs |
| ⬆️Maximum Leverage | 1:1000 |
| 🫴🏻Currency Pairs | 62, major, minor, and exotic pairs |
| 🕰️Customer Support Hours | 24/5 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Ultra-tight spreads from 0.0 pips, reducing trading costs. | Not regulated by the Monetary Authority of Singapore (MAS). |
| Low commission of $3.00 per side per 100,000 units. | Minimum deposit required is approximately SGD 134. |
| Access to advanced trading platforms: MT4, MT5, Tickmill Trader. | No bonuses or promotions for Singaporean traders. |
| Swap-free Islamic account available. | SGD-based accounts not available. |
| Fast execution speeds suitable for scalping and algorithmic trading. | Currency conversion fees may apply for SGD deposits. |
Frequently Asked Questions
1. Can Singaporean traders open an account with Tickmill?
Yes, Singaporeans can open accounts, deposit in SGD (with currency conversion), and trade globally. However, Tickmill is not directly regulated by MAS.
2. What is the main advantage of the Tickmill Raw Account?
The Raw Account offers ultra-tight spreads starting from 0.0 pips and a low commission of $3.00 per side per 100,000 units, making it cost-effective for high-frequency traders.
FxPro
 | Minimum Deposit: $100 Regulated by: FCA, SCB Leverage: Up to 1:500 |
Overview
FxPro’s Raw+ Account is designed for traders seeking tight spreads and low commissions. Offering spreads from 0.0 pips on major forex pairs like EUR/USD, this account type is ideal for scalpers and algorithmic traders. A commission of $3.50 per side per standard lot ensures cost-effective trading.
While FxPro is not regulated by the Monetary Authority of Singapore (MAS), it holds licenses from reputable international regulators, including the UK’s Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC). Singaporean traders can open a Raw+ Account with a minimum deposit of approximately SGD 134, making it accessible for those looking to engage in low-cost trading strategies.
Unique Features
| ⌛Regulation | FCA, CySEC, SCB, FSCA, FSC |
| ☪️Islamic Account | Yes |
| ✏️Retail Investor Accounts | Standard, Pro, Raw+, Elete/ECN |
| 🗂️Account Types Eligible for Islamic | All |
| ➡️Starting spread | 0.0 pips |
| 💴Minimum Commission per Trade | $7 Round turn on Forex |
| 💵Minimum Deposit | 135 SGD (100 USD) |
| 📊Trading Platforms | FxPro Edge, MetaTrader 4, MetaTrader 5, cTrader, FxPro App |
| 🛢️Financial Instruments Offered | Forex, futures, indices, shares, metals, energies, crypto CFDs |
| ⬆️Maximum Leverage | 1:500 |
| 🫴🏻Currency Pairs | 70; major, minor, exotic pairs |
| 🕰️Customer Support Hours | 24/5 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Tight spreads reduce trading costs for Singapore traders. | Low spreads may come with higher commissions. |
| Quick execution helps capture market opportunities efficiently. | Market volatility can still impact trading outcomes. |
| Access to major forex pairs with competitive pricing. | Limited low-spread options for exotic currency pairs. |
| Suitable for scalping and short-term strategies. | Advanced platforms may overwhelm beginners. |
| Transparent pricing with minimal hidden fees. | Some account types require larger minimum deposits. |
Frequently Asked Questions
1. How much do I need to start trading with FxPro Raw+ in Singapore?
You can start with as little as approximately SGD 134 (USD 100). This makes it easy for beginners or casual traders to get started without a large upfront investment.
2. Which trading style benefits most from the FxPro Raw+ Account?
Scalpers, day traders, and algorithmic traders benefit the most due to the ultra-tight spreads from 0.0 pips and fast execution speeds, keeping costs low and trades precise.
How to choose a LOW-SPREAD Broker in Singapore
Choosing the right low-spread broker can make a huge difference to your trading experience and profits. Singaporean traders need brokers that not only offer tight spreads but also provide reliable platforms, strong regulation, and convenient deposit options. With so many choices available, it’s important to follow a structured approach to make sure your broker suits your trading style, budget, and safety requirements. Here’s a step-by-step guide to help you pick the best low-spread broker.
Step 1: Check Regulation
A regulated broker ensures your money is protected and the broker follows strict rules. Look for MAS, ASIC, or FCA regulation. This gives peace of mind that your funds are secure and trading practices are fair, which is especially important when trading internationally.
Step 2: Compare Spreads
Examine the broker’s spreads on major pairs like EUR/USD. Lower spreads mean lower costs per trade. Make sure the spreads are consistent during normal market conditions, as occasional high spreads can eat into profits, especially for scalpers or high-frequency traders.
Step 3: Review Trading Platforms
A broker’s platform affects how smoothly you can execute trades. Check if they offer MT4, MT5, cTrader, or web platforms. Reliable and fast platforms reduce slippage and allow access to advanced tools, charts, and automation, which is critical for effective low-spread trading.
Step 4: Check Deposit & Account Options
Look for brokers accepting SGD deposits and reasonable minimums. Accessibility and ease of funding matter, as conversion fees can add extra costs. Make sure the broker offers the account type you need, including demo or swap-free accounts if required.
Step 5: Test Execution & Liquidity
Fast execution and deep liquidity ensure you get the spreads promised. Open a demo account or small live account to check order speed and consistency. Poor execution can widen spreads in practice, reducing the advantages of a low-spread account.
Step 6: Consider Additional Features
Extra features like demo accounts, Islamic accounts, research tools, and customer support can make your trading smoother. These add convenience and security, helping you make better-informed trades while keeping costs low.
Advantages and Disadvatages of trading Low-Spreads
| ✅ Advantages | ❌ Disadvantages |
| Lower trading costs mean you keep more profits, especially beneficial for active Singapore traders executing multiple trades daily. | Low spreads can sometimes come with commission fees, reducing the apparent cost advantage for Singapore traders. |
| Perfect for frequent or short-term strategies, allowing Singaporeans to enter and exit positions efficiently without excessive cost impact. | Market volatility can still lead to unexpected losses, even when spreads are tight, requiring careful risk management. |
| Easier trade execution lets traders respond quickly to market opportunities, reducing slippage and improving overall strategy effectiveness. | Exotic or minor currency pairs often lack low spreads, limiting options for Singapore traders seeking diverse markets. |
| Transparent pricing with low spreads gives Singapore traders confidence, knowing costs are predictable and there are minimal hidden charges. | Fast execution is crucial; any delay can affect outcomes, making reliable platforms essential for Singapore traders. |
| Supports scalping and high-volume strategies effectively, making it ideal for disciplined traders seeking consistent, small profits over many trades. | Beginners may feel intimidated by tight spreads, as small market moves could result in noticeable gains or losses. |
Conclusion
Choosing a low spread broker in Singapore can make a real difference in your trading journey. Lower spreads mean reduced trading costs, which helps maximize profits, especially for active traders. Beyond costs, these brokers often provide reliable platforms, strong regulation, and customer support tailored to Singapore’s trading environment. By selecting the right broker, you create a fairer, more efficient path to grow your trading confidence, protect your capital, and steadily work toward long-term success.
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Frequently Asked Questions
What is a low-spread account?
A low-spread account offers very small differences between buying and selling prices, reducing trading costs and helping traders keep more of their profits.
Are low-spread accounts suitable for beginners?
Yes, they’re cost-effective, but beginners should understand trading basics before focusing on spreads.
Can I trade multiple asset classes with low spread brokers?
Yes, many low spread brokers offer a wide range of instruments, including forex, commodities, indices, and cryptocurrencies.
Do low spread brokers offer educational resources?
Many low spread brokers provide extensive educational materials, including webinars, tutorials, and articles, to help traders improve their skills.
How do low spreads benefit high-frequency traders?
Low spreads are essential for high-frequency traders as they enable frequent trading without significantly eroding profits through high transaction costs.
What platforms are commonly offered by low spread brokers?
Low spread brokers often provide popular platforms such as MetaTrader 4, MetaTrader 5, and cTrader, which offer advanced trading tools and analytics.
Are there any specific promotions or bonuses for traders in Singapore?
Some brokers offer promotions and bonuses, such as welcome bonuses or deposit incentives, specifically targeting traders in Singapore.
Why should I choose a low-spread account?
Low spreads save money on every trade, especially if you trade frequently or use scalping strategies.
How do low spreads affect my profits?
Smaller spreads mean less cost per trade, allowing more of your gains to stay in your account.
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