For the benefit of traders in Singapore, we have compiled a list of the top 5 STP Forex brokers after extensive study, testing, and research. Important aspects such regulatory status, trading conditions, platform offerings, customer service, and other features that improve the trading experience are the subject of our thorough review. In this guide you will learn:
What STP Forex brokers in Singapore are
The 5 Best STP Forex brokers for traders in Singapore
Frequently asked questions about STP Forex brokers in Singapore
We hope to be a trustworthy resource for traders looking for the most open and efficient trading environment by evaluating these brokers in detail. Whatever your level of trading experience, our guide will provide you with the information you need to make smart decisions and maximize your trading strategy with the top STP Forex brokers in Singapore.
- Sandy Coetzee
5 Best STP Forex Brokers in Singapore– Comparison
| 🔍Broker | 🏦Regulatory status | 🚀Open an Account | 📊Trading platforms offered | 💰Account types and minimum deposit |
| 🎖️FXTM | Regulated by FCA, CySEC, FSCA | 👉 Click Here | MT4, MT5, FXTM Trader | Micro: $10, Advantage: $500, Advantage Plus: $500 |
| 🥇Pepperstone | Regulated by FCA (UK), ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), and SCB (Bahamas) | 👉 Click Here | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Offers Standard and Razor accounts with a minimum deposit of $0, although a $200 to $500 initial deposit is recommended |
| 🥈IC Markets | Regulated by ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) | 👉 Click Here | MetaTrader 4, MetaTrader 5, cTrader | Offers Standard and Raw accounts with a minimum deposit of $200 |
| 🥇Tickmill | Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), DFSA (UAE) | 👉 Click Here | MetaTrader 4, MetaTrader 5, WebTrader | Classic: $100, Pro: $100, VIP: $50,000 |
| 🎖️FxPro | Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), and SCB (Bahamas) | 👉 Click Here | MetaTrader 4, MetaTrader 5, cTrader, and FxPro’s proprietary platform | MetaTrader, cTrader, and FxPro Edge accounts with a minimum deposit of $100; VIP account requires a $50,000 deposit |
10 Best Forex Brokers in Singapore
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What are STP Brokers for traders in Singapore?
Brokers that provide straight-through processing (STP) speed up the process of executing trades directly through the interbank market, eliminating the need for dealing desk involvement or intervention.
Fast and efficient trade execution is provided since trade orders are routed straight through to liquidity providers, which can include financial institutions such as banks and hedge funds.
There are no conflicts of interest for STP brokers because they do not have a dealing desk. Liquidity providers automate trade execution, preventing brokers from taking a conflicting position.
5 Best STP Forex Brokers in Singapore (2024)
- ☑️FXTM: A reliable global broker for forex and CFDs.
- ☑️Pepperstone: A top-tier CFD broker with tight spreads.
- ☑️IC Markets: A competitive broker known for its raw spreads.
- ☑️Tickmill: A transparent broker offering various account types.
- ☑️FxPro: An advanced broker providing cutting-edge trading platforms.
FXTM
A refined STP trading experience is available to Singaporean traders at FXTM. Trades executed by FXTM go straight to liquidity providers because the broker does not have a dealing desk (NDD).
Achieving favourable trading conditions relies on transparent and speedy order execution, which is guaranteed by this. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two platforms that FXTM provides, so they may accommodate different trading preferences.
Overall Rating
- 4.9/5
Min Deposit
14 SGD (10 USD)
Regulators
CySEC, FSCA, FCA, CMA, FSC Mauritius
Trading Desk
MT4, MT5, FXTM Trader
Crypto
Yes
Total Pairs
60
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
While MetaTrader 4 is well-known for its vast collection of expert advisors and custom indicators, MetaTrader 5 offers more advanced features like an integrated economic calendar, market depth, and more order types.
We found that the tight spreads and minimal latency allow traders to maximize their trading efficiency. Anyone can thrive as a trader with FXTM because of the platform’s dedication to teaching and support.
Unique Features
| Feature | Description |
| 📈 Spread levels | Tight spreads from 0.0 pips |
| ⚡ Execution speed | Fast execution speed |
| 🔒 Regulatory status | Regulated by FCA, CySEC, FSCA |
| 💻 Trading platforms offered | MT4, MT5, FXTM Trader |
| 📊 Range of trading instruments | Forex, Commodities, Indices, Metals, Stocks |
| 📞 Customer support quality | 24/5 multilingual support |
| 📚 Educational resources | Webinars, tutorials, market analysis |
| 💰 Commission and fee structure | Low commissions, variable spreads |
| 💼 Account types and minimum deposit | Micro: $10, Advantage: $500, Advantage Plus: $500 |
| 💧 Liquidity providers | Top-tier liquidity providers |
| 📜 Order execution policy | STP execution |
| 🔍 Transparency of trading conditions | High transparency with no dealing desk |
| 🆓 Availability of demo accounts | Available with 30-day trial |
| 🏆 Historical performance and reputation | Strong reputation, numerous awards |
| ⚖️ Tools for risk management | Risk management tools including stop loss, take profit |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers powerful copy trading features via FXTM Invest. | Limited selection of strategy managers compared to some competitors. |
| Allows investors to copy trades from experienced strategy managers. | Potential for high risk if copying inexperienced or poor-performing traders. |
| Transparent performance statistics for strategy managers. | Copy trading not available on the proprietary FXTM Trader app. |
| Flexible investment amounts to suit different trader budgets. | Limited advanced features for copy trading, such as risk management tools. |
| Copy trading available on both MT4 and MT5 platforms. | Inconsistent performance monitoring tools for copied trades. |
| Provides detailed educational resources to help users understand copy trading. | Copy trading service may be unavailable in certain regions due to regulatory restrictions. |
| No additional fees for copy trading beyond the usual spread and commission costs. |
Our Insights
We found that traders in Singapore are empowered to make informed decisions by utilizing the broker’s suite of tools, which include webinars, tutorials, and market analysis.
Pepperstone
When looking for a STP brokerage, traders from Singapore often use Pepperstone. Pepperstone connects traders to its liquidity pool, where they can take advantage of low spreads and quick executions, as well as access deep liquidity and competitive pricing.
The broker provides a powerful trading environment with a variety of advanced tools and features, and they support both the MetaTrader 4 and MetaTrader 5 platforms.
Overall Rating
- 4.9/5
Min Deposit
14 SGD ($10)
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone has maintained continuously low spreads, particularly for key currency pairs, demonstrating its dedication to efficiency and openness.
We found that the broker also offers a wealth of training resources, such as webinars and trading guides, that traders can use to hone their abilities and keep up with the market.
Unique Features
| Feature | Description |
| 📈 Spread levels | Ultra-low spreads starting from 0.0 pips on Razor accounts, with typical spreads around 0.1 pips for major pairs like EUR/USD |
| ⚡ Execution speed | Fast execution speeds with low latency due to connections with multiple Tier 1 liquidity providers |
| 🔒 Regulatory status | Regulated by FCA (UK), ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), and SCB (Bahamas) |
| 💻 Trading platforms offered | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| 📊 Range of trading instruments | Offers over 1,200 instruments including Forex, Commodities, Indices, ETFs, Shares, and Cryptocurrencies (for professional clients only) |
| 📞 Customer support quality | Award-winning 24/5 multilingual support with high customer satisfaction ratings |
| 📚 Educational resources | Extensive educational materials including webinars, tutorials, market analysis, and trading guides |
| 💰 Commission and fee structure | Standard accounts have no commission but wider spreads, while Razor accounts have lower spreads with a commission of $3.50 per lot per side |
| 💼 Account types and minimum deposit | Offers Standard and Razor accounts with a minimum deposit of $0, although a $200 to $500 initial deposit is recommended |
| 💧 Liquidity providers | Connected with multiple Tier 1 liquidity providers, ensuring deep liquidity and competitive quotes |
| 📜 Order execution policy | STP execution model with no dealing desk intervention, ensuring transparent and direct market access |
| 🔍 Transparency of trading conditions | High transparency with detailed information on spreads, commissions, and swap rates available on the website |
| 🆓 Availability of demo accounts | Provides demo accounts with up to $50,000 in virtual funds, valid for 30 days (MT4 and MT5 demo accounts can be extended for live account holders) |
| 🏆 Historical performance and reputation | Strong reputation with high ratings on Trustpilot and numerous industry awards for reliability and customer service |
| ⚖️ Tools for risk management | Comprehensive risk management tools including standard and guaranteed stop-loss orders, negative balance protection, and margin calls |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Provides access to the popular copy trading platform, Myfxbook AutoTrade. | Copy trading platforms might be intimidating for beginners due to their complexity. |
| Supports copy trading via the cTrader platform, which is known for its transparency and advanced features. | Higher initial investment required for some strategy providers. |
| Wide range of strategy providers to choose from. | Limited advanced copy trading tools compared to dedicated social trading platforms. |
| Transparent performance statistics and historical data for strategy providers. | Possible latency issues during high market volatility. |
| Competitive spreads and low commission fees for copy trading. | Copy trading features may not be fully integrated into all trading platforms offered. |
| Strong regulatory oversight ensures a secure trading environment. | Some strategy providers may charge additional fees beyond the broker’s standard costs. |
| Comprehensive educational resources on copy trading and platform use. |
Our Insights
Pepperstone gives its traders peace of mind by being closely monitored by regulators and putting an emphasis on customer care.
IC Markets
Traders in Singapore often prefer IC Markets as a broker because of its highly recognized true ECN and STP trading accounts. Traders are connected directly to top-tier liquidity sources using the broker’s STP methodology, which guarantees that trades are executed without dealing desk involvement.
This leads to lightning-fast execution times and extremely low spreads—as little as 0.0 pips—both of which are vital for scalpers and high-frequency traders.
Overall Rating
- 4.9/5
Min Deposit
270 SGD (200 USD)
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MT4, MT5, cTrader, IC Social, Signal Start, ZuluTrade
Crypto
Yes
Total Pairs
64+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
With IC Markets, you can access cutting-edge charting tools, automated trading features, and thorough market research on both the MetaTrader 4 and MetaTrader 5 platforms.
We found that the solid infrastructure of the broker allows it to manage massive volumes of trades with little latency, reflecting its commitment to offering a seamless trading experience.
Unique Features
| Feature | Description |
| 📈 Spread levels | Ultra-low spreads starting from 0.0 pips on Raw accounts, with EUR/USD averaging 0.02 pips |
| ⚡ Execution speed | Fast execution speeds with low latency due to connections with multiple Tier 1 liquidity providers |
| 🔒 Regulatory status | Regulated by ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
| 💻 Trading platforms offered | MetaTrader 4, MetaTrader 5, cTrader |
| 📊 Range of trading instruments | Offers over 1,750 instruments including Forex, Commodities, Indices, ETFs, Shares, and Cryptocurrencies |
| 📞 Customer support quality | 24/5 multilingual support, although some users report limited technical knowledge in live chat agents |
| 📚 Educational resources | Extensive educational materials including webinars, video tutorials, trading guides, and WebTV |
| 💰 Commission and fee structure | Raw accounts have a commission of $3.50 per lot per side, Standard accounts have no commission but wider spreads |
| 💼 Account types and minimum deposit | Offers Standard and Raw accounts with a minimum deposit of $200 |
| 💧 Liquidity providers | Connected with multiple Tier 1 liquidity providers, ensuring deep liquidity and competitive quotes |
| 📜 Order execution policy | True ECN/STP execution model with no dealing desk intervention, ensuring transparent and direct market access |
| 🔍 Transparency of trading conditions | High transparency with detailed information on spreads, commissions, and swap rates available on the website |
| 🆓 Availability of demo accounts | Provides demo accounts with virtual funds, valid for 30 days (MT4 and MT5 demo accounts can be extended for live account holders) |
| 🏆 Historical performance and reputation | Strong reputation with high ratings on Trustpilot and numerous industry awards for reliability and customer service |
| ⚖️ Tools for risk management | Comprehensive risk management tools including stop-loss orders, negative balance protection, and margin calls |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers copy trading via ZuluTrade and Myfxbook AutoTrade. | ZuluTrade and Myfxbook AutoTrade may have limited advanced features compared to some dedicated copy trading platforms. |
| Wide selection of experienced strategy providers to copy from. | Higher risk of loss when copying high-risk strategies. |
| Transparent performance data and risk metrics for strategy providers. | Limited in-platform copy trading features on MT4 and MT5. |
| Low spreads and fast execution speeds benefit copy trading. | Inconsistent customer support for copy trading-related issues. |
| Comprehensive educational materials and support for copy trading. | Copy trading services may not be available in all regions. |
| No additional fees for using ZuluTrade or Myfxbook AutoTrade. | Potential for slippage during high volatility periods. |
| Strong regulatory compliance ensures a secure trading environment. |
Our Insights
Traders can be sure that IC Markets provides them with the knowledge and tools they need to thrive in the ever-changing foreign exchange market with its vast instructional materials and customer assistance.
Tickmill
Traders in Singapore who are seeking an STP broker with competitive trading conditions might choose Tickmill. For the best execution pricing, traders can use Tickmill’s STP accounts, which have no requotes and minimal spreads.
Particularly with major currency pairs, we found that the broker’s tight spreads and extensive liquidity are a consequence of their excellent ties with liquidity providers.
Overall Rating
- 4.9/5
Min Deposit
135 SGD ($100)
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill App
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
With Tickmill, traders have access to a plethora of trading features and tools, including extensive charting capabilities and automated trading, on both the MT4 and MT5 platforms.
Because it operates under strict regulatory supervision, the broker has earned a reputation for honesty and openness.
Webinars, trading manuals, and market research are just a few of the ways we found that Tickmill supports its traders’ pursuit of knowledge and allows them to make better trading decisions.
Unique Features
| Feature | Description |
| 📈 Spread levels | Spreads starting from 0.0 pips on Pro and VIP accounts |
| ⚡ Execution speed | Average execution speed of 0.15 seconds |
| 🔒 Regulatory status | Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), DFSA (UAE) |
| 💻 Trading platforms offered | MetaTrader 4, MetaTrader 5, WebTrader |
| 📊 Range of trading instruments | 62 Forex pairs, Commodities, Indices, Bonds, Cryptocurrencies |
| 📞 Customer support quality | 24/5 multilingual support with high ratings |
| 📚 Educational resources | Webinars, video tutorials, trading guides, Autochartist |
| 💰 Commission and fee structure | Low commissions on Pro and VIP accounts, no commission on Classic account |
| 💼 Account types and minimum deposit | Classic: $100, Pro: $100, VIP: $50,000 |
| 💧 Liquidity providers | Multiple Tier 1 liquidity providers |
| 📜 Order execution policy | STP and hybrid execution model with no dealing desk intervention |
| 🔍 Transparency of trading conditions | High transparency with detailed information on spreads, commissions, and swap rates |
| 🆓 Availability of demo accounts | Demo accounts available with virtual funds |
| 🏆 Historical performance and reputation | Strong reputation with multiple regulatory licenses and positive reviews |
| ⚖️ Tools for risk management | Comprehensive risk management tools including stop-loss orders, negative balance protection |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Supports copy trading via Myfxbook AutoTrade. | Limited to Myfxbook AutoTrade for copy trading, restricting platform choices. |
| Offers a good range of strategy providers with transparent performance data. | Higher initial investment required for certain strategy providers. |
| Low spreads and competitive commission structure benefit copy trading. | Limited advanced copy trading tools and features. |
| Provides detailed educational resources on copy trading and strategy selection. | Inconsistent customer support experience for copy trading users. |
| Strong regulatory oversight and client fund protection. | Copy trading service may not be available in some regions. |
| Copy trading available on MT4 platform, which is widely used and trusted. | Risk of copying underperforming or highly volatile strategies. |
| User-friendly interface for managing and monitoring copied trades. |
Our Insights
Forex traders in Singapore can trust Tickmill as a dependable partner because of its dedication to offering a fair and efficient trading environment.
FxPro
Trading with FxPro, a trustworthy STP broker, is easy and transparent for traders in Singapore. Direct order execution through FxPro’s network of liquidity providers is guaranteed by its STP methodology, eliminating the need for dealing desk intervention.
In order to get the best possible trading results, fast execution times and competitive pricing are both provided.
To accommodate traders with varying preferences and methods, we found that the broker offers support for both the MetaTrader 4 and MetaTrader 5 platforms.
Overall Rating
- 4.9/5
Min Deposit
135 SGD / 100 USD
Regulators
FCA, CySEC, SCB, FSCA, FSC
Trading Desk
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
27
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders have a lot of leeway to apply different tactics using FxPro’s wide variety of trading instruments and sophisticated trading tools.
Webinars, tutorials, and in-depth market analyses are just a few examples of the extensive tools made available by the broker, which demonstrate its dedication to education and support.
Unique Features
| Feature | Description |
| 📈 Spread levels | Spreads start from 0.0 pips on cTrader accounts with a commission, and from 0.6 pips on MetaTrader accounts without commission |
| ⚡ Execution speed | Fast execution with minimal slippage, supported by top-tier liquidity providers |
| 🔒 Regulatory status | Regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), and SCB (Bahamas) |
| 💻 Trading platforms offered | MetaTrader 4, MetaTrader 5, cTrader, and FxPro’s proprietary platform |
| 📊 Range of trading instruments | Offers over 2,100 instruments including Forex, Commodities, Indices, Shares, Metals, and Energies |
| 📞 Customer support quality | 24/5 multilingual support available via live chat, email, and phone |
| 📚 Educational resources | Comprehensive educational resources including webinars, tutorials, trading guides, and Autochartist plugin |
| 💰 Commission and fee structure | Competitive spreads with no commission on MetaTrader accounts, and $4.50 per lot round turn on cTrader accounts |
| 💼 Account types and minimum deposit | MetaTrader, cTrader, and FxPro Edge accounts with a minimum deposit of $100; VIP account requires a $50,000 deposit |
| 💧 Liquidity providers | Connected to multiple top-tier liquidity providers, ensuring deep liquidity and competitive quotes |
| 📜 Order execution policy | No dealing desk (NDD) intervention, using both market execution and instant execution models |
| 🔍 Transparency of trading conditions | High transparency with detailed information on spreads, commissions, and swap rates available on the website |
| 🆓 Availability of demo accounts | Provides demo accounts for risk-free practice and strategy refinement |
| 🏆 Historical performance and reputation | Strong reputation with positive reviews, numerous industry awards, and regulatory licenses |
| ⚖️ Tools for risk management | Comprehensive risk management tools including stop-loss orders, take-profit levels, negative balance protection, and Autochartist |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers copy trading via ZuluTrade and FxPro’s proprietary copy trading platform. | FxPro’s copy trading platform may have limited advanced features compared to competitors. |
| Access to a wide range of strategy providers with transparent performance metrics. | Higher initial capital required for some top-performing strategy providers. |
| Low spreads and fast execution speeds are advantageous for copy trading. | Limited integration of copy trading features on MT4 and MT5 platforms. |
| Comprehensive educational resources on copy trading and strategy management. | Inconsistent performance monitoring tools for copied trades. |
| No additional fees for using ZuluTrade or FxPro’s copy trading platform. | Potential latency issues during periods of high market volatility. |
| Strong regulatory framework ensures a secure trading environment. | Copy trading service may be restricted in certain regions. |
| Flexible investment options for copy trading to suit different trader budgets. |
Our Insights
Traders in Singapore looking for a trustworthy and transparent trading environment can trust FxPro because of its regulatory compliance and devotion to customer care.
Conclusion
When compared to dealing desk brokers, STP Forex brokers offer a number of benefits, including transparent pricing and direct access to interbank liquidity—both of which are essential for efficient trade execution.
Reputable brokers such as FXTM, Pepperstone, IC Markets, Tickmill, and FxPro stand out from the crowd, each with their own set of advantages in terms of regulation, speed of execution, and low spreads.
Both new and seasoned traders need access to high-quality training materials, and these brokers really deliver in this regard.
Traders in Singapore can make use of the knowledge and experience of seasoned pros through copy trading, which further improves the trading experience.
Because of the wide variation across brokers, traders in Singapore should give serious thought to the features and costs that are essential for successful trading. When looking for a STP broker, it’s important to take your trading goals and needs into account. Traders in Singapore have a few great options to choose from.
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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.
Are STP brokers regulated in Singapore?
Many top STP brokers are regulated by global authorities such as the FCA, CySEC, and ASIC. It’s important to check if they comply with MAS (Monetary Authority of Singapore) regulations for added security.
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.
