Finding the right Straight Through Processing (STP) forex broker can make a huge difference for traders in Singapore. STP brokers offer faster execution, transparent pricing, and access to deeper liquidity, which is ideal for anyone wanting fairer trading conditions. In this review, we highlight the 5 best STP brokers available to Singaporeans and explore why they stand out.
What you’ll discover:
Who the top 5 STP forex brokers in Singapore are
Their unique strengths for local traders
Advantages of STP execution
How they compare in costs and features
Why STP trading suits Singapore’s dynamic market
and so much, MUCH more………
10 Best Forex Brokers in Singapore
Rank
Broker
Review
Regulators
Min Deposit
Official Site
- Andre Hanekom
In this comprehensive guide, you’ll discover the 5 best STP forex brokers trusted by traders in Singapore. Each broker is carefully chosen for its reliability, transparent pricing, and strong global reputation. With STP execution, Singaporean traders benefit from faster order processing, fair spreads, and access to deeper liquidity—without dealer intervention. We’ll highlight the unique advantages of Fusion Markets, IG, CMC Markets, OANDA, and FP Markets, showing how each stands out in cost, regulation, and trading tools. This guide helps you choose a broker that fits your trading style and goals.
5 Best STP Forex Brokers in Singapore– Comparison
| 🔍Broker | 🏦STP Broker | 🚀Open an Account | 💰Account types and minimum deposit |
| 🎖️FP Markets | Yes | 👉 Click Here | 135 SGD or $100 |
| 🎖️IC Markets | Yes | 👉 Click Here | 270 SGD or $200 |
| 🥇Pepperstone | Yes | 👉 Click Here | Recommended USD 200 |
| 🥈FxPro | Yes | 👉 Click Here | 135 SGD or $100 |
| 🥇Swissquote | Yes | 👉 Click Here | 1’350 SGD or $1’000 |
5 Best STP Forex Brokers in Singapore (2025)
- FP Markets –Affordable entry, wide assets, strong execution.
- IC Markets –Low spreads, fast execution, trusted globally.
- Pepperstone – No minimum, flexible, beginner-friendly broker.
- Fxpro – Reliable service, competitive spreads, global reach.
- Swissquote -MAS-regulated, premium service, strong security.
FP Markets
 | Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, CMA Leverage: Up to 1:500 |
Overview
FP Markets is an award-winning Australian CFD and forex broker founded in 2005, offering STP/ECN-style execution with low spreads and rapid order processing. It provides access to a wide range of instruments—including forex, indices, commodities, shares, bonds, digital currencies—via platforms like MT4, MT5, cTrader, and TradingView. The broker is regulated by top-tier authorities including ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), among others.
Singaporean residents can open accounts despite the lack of MAS licensing; FP Markets offers tight spreads (as low as 0.0 pips), advanced trading tools (Trader Toolbox, VPS, EAs), and demo accounts for practice. The opening process is swift, with a low minimum deposit (around US$50–100).
Unique Features
| ⌛Regulation | ASIC, CySEC, FSCA, FSA, FSC |
| ☪️Islamic Account | Yes |
| ✏️Retail Investor Accounts | Standard, Raw, Islamic Standard, Islamic Raw |
| 🗂️Account Types Eligible for Islamic | Islamic Standard, Islamic Raw |
| ➡️Starting spread | From 0.0 pips |
| 💴Minimum Commission per Trade | US$3 per side |
| 💵Minimum Deposit | 90 SGD (100 AUD) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, IRESS, cTrader, FP Markets App |
| 🛢️Financial Instruments Offered | Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, Bonds |
| ⬆️Maximum Leverage | 1:500 |
| 🫴🏻Currency Pairs | Major, Minor, Exotic |
| 🕰️Customer Support Hours | 24/7 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Ultra-tight spreads—as low as 0.0 pips, keeping trading costs minimal. | Not MAS-regulated, so lacks local investor protection in Singapore. |
| Global regulation—regulated by ASIC, CySEC, etc., ensuring credibility. | No SGD base account, meaning possible conversion fees. |
| Platform variety—supports MT4, MT5, cTrader, TradingView for flexible trading styles. | No bonuses—no promotional incentives for Singapore clients. |
| Wide instrument range—access to forex, CFDs on indices, commodities, shares, bonds, crypto. | Withdrawal costs—international withdrawals may incur fees (e.g., bank charges). |
| Low entry barrier—minimum deposit ~US$50 and fast account setup. | Complex for beginners—wide toolset may overwhelm novice traders. |
Frequently asked Questions
Is FP Markets safe for Singaporean traders?
Yes—while not MAS-regulated, FP Markets is regulated by multiple tier-1 bodies (ASIC, CySEC, etc.), uses segregated client funds, and has strong compliance and oversight.
Can I deposit SGD into my FP Markets account?
Yes—you can fund in various currencies, including SGD via supported methods, but there’s no dedicated SGD account; conversion applies if your trading base is USD or others.
IC Markets
 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overview
IC Markets, founded in 2007 in Australia, is a top-tier STP/ECN-style forex and CFD broker known for ultra-low spreads and fast execution. The broker offers two main account types—Standard (spread-based, no commission) and Raw Spread (0.0 pips average spread with small commission)—supported across MT4, MT5, cTrader, and TradingView platforms. Regulated by ASIC, CySEC, FSA (Seychelles), and others, IC Markets serves Singapore residents reliably, with SGD funding supported (though no SGD-denominated account).
Leveraging robust infrastructure (NY4 data center), it delivers speedy trade execution and strong liquidity, making it ideal for traders of all levels—from scalpers and algo traders to novices. Demo accounts, swap-free Islamic options, and flexible funding complete its appeal for Singaporeans. The sign-up process is quick, typically completed within a day.
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 |
| No enforced minimum deposit—jump in with any amount, even SGD $1. | Not MAS-regulated—no local investor protection in Singapore. |
| Tight Razor spreads from ~0 pips, ideal for scalping and high-frequency strategies. | Spread wider on Standard account—not ideal for cost-conscious traders. |
| Multi-regulated and globally trusted—ASIC, FCA, CySEC, and more. | Islamic account limited availability and fees—only certain countries allowed, admin fee applies after a few days. |
| Platform-rich environment—supports MT4, MT5, cTrader, TradingView, plus copy-trading. | $200 recommended deposit—though not enforced, needed for effective margin. |
| Fast SGD deposits and base account options—convenient for Singapore users. | Advanced options can overwhelm beginners—multiple platforms and tools require learning curve. |
Frequently asked Questions
Can Singapore residents open IC Markets accounts?
Yes—even without MAS regulation, Singapore citizens and tax residents can open accounts. The process is fast and supported.
Does IC Markets offer swap-free (Islamic) accounts?
Yes—swap-free Islamic accounts are available across MT4, MT5, and cTrader, though an admin fee applies for overnight positions.
Pepperstone
 | Minimum Deposit: $0 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Leverage: Up to 1:500 |
Overview
Pepperstone, founded in Melbourne in 2010, is a technology-driven STP/ECN-style forex and CFD broker with multi-jurisdiction regulation—including ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), and SCB (Bahamas). Singapore residents are welcome, with account opening usually completed within one day and no minimum deposit enforced—meaning you can start trading with as little as you wish.
The broker offers Standard (commission-free, wider spreads) and Razor (tight raw spreads with low commission) accounts, multi-platform access (MT4, MT5, cTrader, TradingView), demo accounts, swap-free Islamic options, and a variety of deposit methods including SGD—though base accounts are in major currencies
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 |
| Raw pricing & low spreads – spreads from 0.0 pips, ideal for scalping and algo trading. | IC Markets is not MAS-regulated – lacks local regulatory oversight in Singapore. |
| True ECN/STP model – no dealing desk, direct routing to liquidity providers. | No SGD base account – currency conversions may incur small costs. |
| Strong global regulation – overseen by ASIC, CySEC, FSA, SCB, CMA. | No specific Singapore bonuses – no localized promotions or perks. |
| Platform variety & tools – supports MT4, MT5, cTrader, TradingView, copy-trading. | Commission on Raw account – small fee per lot (USD 3.5–7). |
| Fast account setup & funding – SGD deposits allowed, account ready in ~1 day. | Advanced setup may overwhelm – multiple platforms and options can be complex for beginners. |
Frequently asked Questions
Can Singaporeans open a Pepperstone account?
Yes—Singapore citizens and tax residents can open accounts quickly, usually within one day, despite Pepperstone not being MAS-regulated.
Does Pepperstone offer swap-free (Islamic) accounts?
Yes—available via Standard or Razor, but eligibility limited by region; swap-free for a few days, then admin fee applies. Must request explicitly
FxPro
 | Minimum Deposit: $100 Regulated by: FCA, SCB Leverage: Up to 1:500 |
Overview
FxPro is a globally recognized NDD (No Dealing Desk) forex and CFD broker established in 2006, offering swift trade execution via Equinix data centers and aggregation from over a dozen liquidity providers. Regulated by top-tier authorities including the FCA, CySEC, FSCA, SCB, and DFSA, it provides Singapore residents access to forex, indices, stocks, energies, metals, futures, ETFs, and cryptocurrencies.
With multiple accounts—Standard, Raw+, Elite, and cTrader—it caters to varying trader preferences, from simple spreads to commission-based pricing with rebates. The broker doesn’t mandate a minimum deposit (though recommends US$1,000), usually requires around US$100 to start, and boasts robust infrastructure, negative balance protection, and award-winning support and education. Singapore citizens and tax residents are eligible to open accounts.
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 |
| NDD model with lightning-fast execution (~11 ms), ensures fair, transparent pricing. | FxPro is not MAS-regulated, so lacks local financial safeguards. |
| Robust multi-jurisdiction regulation, instills confidence for Singaporean traders. | Minimum effective deposit ~US$100, may limit those with less to start. |
| Wide asset range—forex, shares, indices, futures, energies, crypto, ETFs. | Trading costs higher on Standard account, due to wider spreads. |
| Flexible account tiers—choose based on trading style and cost preferences. | No SGD-denominated account, incurs conversion costs. |
| Educational support and award-winning service for smoother trader development. | No built-in copy/social trading tools, less helpful for beginners. |
Frequently Asked Questions
Can Singapore residents open FxPro accounts?
Yes—FxPro welcomes Singaporean citizens and tax residents, despite not being MAS-regulated, with eligibility confirmed by reliable broker reviews.
Does FxPro offer Islamic (swap-free) accounts?
Yes—swap-free Islamic accounts are available upon request for certain account types (e.g., Standard, Raw+), though administrative fees may apply.
Swissquote
 | Minimum Deposit: $1000 Regulated by: FINMA, CSSF, FCA, DFSA, SFC, MAS, MFSA Leverage: Up to 1:100 |
Overview
Swissquote is a trusted Swiss digital banking and brokerage group (established 1996), offering online trading across forex, CFDs, stocks, ETFs, bonds, metals, energies, options, and crypto. It’s regulated by top-tier authorities including FINMA (Switzerland), the FCA (UK), MAS (Singapore), SFC (Hong Kong), DFSA (Dubai), MFSA (Malta), and CSSF (Luxembourg), ensuring global credibility.
However, Swissquote does not accept retail clients from Singapore, offering services only to institutional or accredited investors under MAS’s CMS license
Unique Features
| Unique features | Swiss banking-grade security; multi-asset trading, proprietary platform |
| Regulation | MAS-certified, FINMA, FCA, SFC, DFSA, MFSA, CSSF |
| Social Media Platforms | Instagram, You Tube |
| MAS Regulation? | Yes—holds MAS |
| Trading Accounts | Institutional-only; not available to Singapore retail traders |
| Trading Platforms | MT4, MT5, proprietary CFXD (Advanced Trader), TradingView support |
| Minimum Deposit in SGD | Typically minimum USD 1,000 (est. SGD 1,350 |
| Trading Assets | Forex, CFDs (indices, commodities, bonds), stocks, ETFs, crypto, options, futures |
| SGD-based Account? | No—multi-currency accounts available, but not SGD-based |
| SGD Deposits Allowed? | Likely via corporate/institutional channels |
| Bonuses for SG Traders? | No |
| Minimum Spread | From ~1.1 pips on Prime-tier, commission-free on some tiers |
| Demo Account | Yes |
| Islamic Account | Not specified |
| Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Swiss-grade banking security with FINMA and MAS regulation—rock-solid trust. | Swissquote is not available to Singapore retail clients—only accredited/institutional accounts accepted. |
| Broad range of assets—ideal for institutional trade diversification. | High minimum deposit (~USD 1,000) limits access. |
| Proprietary platforms (CFXD, Advanced Trader) with professional tools and deep liquidity. | No SGD accounts—currency conversion required. |
| Commission-free forex spreads from ~1.1 pips on Prime-tier. | No bonuses or promotions for Singapore users. |
| Public listing ensures transparency and strong capital reserves. | Lacks social/copy trading features—geared toward pros. |
Frequently Asked Questions
Can retail clients from Singapore open Swissquote accounts?
No—Swissquote does not accept retail clients from Singapore; services are limited to institutional or accredited investors under its MAS CMS license.
What’s the minimum deposit required to trade with Swissquote?
Retail minimum is around USD 1,000 (~SGD 1,350), but again, Swissquote Singapore only serves institutional traders—not retail.
How to choose a STP forex broker in Singapore
Choosing a Straight Through Processing (STP) broker in Singapore ensures fairer pricing, faster execution, and transparent trading conditions. Unlike dealing desk brokers, STP brokers connect you directly with liquidity providers, which benefits both beginners and experienced traders.
However, with many choices available, selecting the right broker requires a careful balance of regulation, trading costs, available platforms, and customer service. For Singaporean traders, the right STP broker can create smoother trading experiences, safer fund management, and more reliable execution in fast-moving forex markets. Here are the essential steps to guide your decision.
Step 1: Check Regulation
Always prioritise MAS-regulated brokers or those licensed by Tier-1 regulators like FCA or ASIC. Regulation ensures safety of funds, transparent practices, and compliance with financial standards. This protects Singaporean traders from unreliable brokers and gives peace of mind that trading is conducted under strict oversight with legal recourse available if needed.
Step 2: Compare Spreads and Fees
Spreads and commission charges differ greatly across brokers. For Singaporean traders, small differences can significantly impact profitability, especially for frequent trades. Always look for brokers with competitive, transparent fees and no hidden costs. This ensures your profits aren’t eroded by charges and you can trade with confidence in fair conditions.
Step 3: Review Execution Speed
STP brokers are prized for fast execution. Always test demo accounts to check slippage and execution during busy markets. In forex trading, milliseconds matter, especially for active or algorithmic strategies. Singapore traders benefit most from brokers with consistent execution speed, ensuring that trades are entered and exited at expected prices.
Step 4: Evaluate Platforms and Tools
Make sure the broker offers platforms like MT4 or MT5 with strong analytical tools and automation support. Many STP brokers also provide add-ons such as copy trading. For Singapore traders, choosing a broker that balances ease of use with advanced features ensures flexibility across different levels of trading experience.
Step 5: Assess Customer Support
Responsive support makes a big difference, especially in time-sensitive situations. Look for brokers offering live chat, phone, or email during Singapore trading hours. Reliable support builds trust and ensures quick resolution of issues. For local traders, knowing help is available whenever needed adds an extra layer of comfort and safety.
Advantages and Disadvantages for STP Brokers
| ✅ Advantages | ❌ Disadvantages |
| STP brokers connect you directly to liquidity providers, giving fairer pricing and reducing conflicts of interest compared to traditional dealing desk brokers. | Not every STP broker in Singapore is MAS-regulated, so extra caution is needed when choosing a safe, reliable platform. |
| Faster order execution makes trading smoother, especially during volatile market conditions where every second counts for Singaporean traders seeking efficiency. | During extreme market volatility, even STP brokers may experience slippage, meaning your trades execute at slightly different prices than expected. |
| Transparent pricing ensures you see true market conditions, making it easier to plan trades and trust the broker’s execution. | Commission fees can add up over time for high-frequency traders, making STP trading potentially more expensive than some alternatives. |
| Competitive spreads are often available, helping Singaporean traders reduce costs and keep more profit from every winning trade executed. | Fewer promotional bonuses are available compared to market makers, which may disappoint traders looking for extra perks or initial incentives. |
| STP brokers are suitable for beginners and professionals, offering simple setups for new traders and advanced tools for experienced investors alike. | Platform features and tools differ across brokers, so Singaporean traders may need to spend extra time testing and comparing. |
Conclusion
STP brokers in Singapore provide traders with transparent pricing, faster execution, and access to real market liquidity, making them a trusted choice. While spreads and commissions vary, the benefits often outweigh the downsides, especially for those seeking fairer trading conditions. By selecting a well-regulated broker that supports your trading style, you can enjoy safer, smoother, and more efficient forex trading. For Singapore traders, STP brokers remain a strong pathway to building long-term success in global markets.
Frequently Asked Questions
What is an STP Forex broker?
An STP (Straight Through Processing) Forex broker routes client orders directly to liquidity providers without a dealing desk, ensuring faster execution and transparent pricing.
Why choose an STP Forex broker?
STP brokers offer faster trade execution and reduced risk of broker manipulation, providing more accurate market prices and a transparent trading environment.
What are the benefits of trading with an STP broker?
Benefits include faster execution times, no re-quotes, transparent pricing, and no conflict of interest between the broker and the trader.
Can I use copy trading with STP brokers?
Yes, many STP brokers offer copy trading features that allow you to replicate the trades of experienced traders automatically.
What makes STP brokers different from market makers?
STP brokers pass trades directly to liquidity providers without a dealing desk, reducing conflict of interest and improving transparency for traders.
Do STP brokers offer lower spreads in Singapore?
Often yes, since orders go straight to the market. However, spreads vary by broker, asset, and trading conditions, so always compare carefully.
Can I fund my STP account in SGD?
Many brokers allow SGD deposits, though some require currency conversion. Always confirm deposit methods to avoid unnecessary costs.
Are STP brokers safe for beginners in Singapore?
Yes, especially when MAS-regulated. Their transparency and straightforward pricing help new traders avoid hidden fees or unfair dealing desk practices.
Can I use automated trading robots with STP brokers?
Absolutely—STP brokers often encourage Expert Advisors (EAs), making them ideal for algorithmic or hands-free trading strategies.
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