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Forex trading in Singapore

Trade forex CFDs with Singapore’s No.1 CFD/FX broker¹. MAS regulated with expert support for Singapore traders.

Why trade forex CFDs with IG

Whether you're new to forex trading or an experienced trader, IG provides everything Singapore traders need to succeed in the forex markets. From learning the fundamentals to executing advanced strategies with our award-winning platforms.

Large choice of currency pairs

Access to over 90 major, minor and exotic forex pairs.

Tight spreads

We offer competitive spreads starting as low as 0.6 pips.

Risk management tools

Use guaranteed stop-loss and limit orders to manage your risk.

Advanced tools

Charting, technical analysis indicators and automated trading features.

Ways to trade forex CFDs with IG

  CFD DMA (Forex Direct)
Accessible to All clients All clients
Traded in Contracts Lots
Commission None* Variable
Platforms Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs Web, mobiles apps, L2 Dealer, terminals and APIs
Demo account Yes No

              * Other costs may apply

Live forex prices

Track real-time prices for major currency pairs, including USD/SGD and other pairs popular with Singapore traders. All prices shown are from IG's award-winning platform.

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What is forex trading?

Trade Singapore currency pairs like USD/SGD on price movements without owning the actual assets.

Learn more about forex trading
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Why trade forex?

Access global markets 24/5 with leverage. Trade USD/SGD and major pairs from Singapore.

See all benefits and risks
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How to trade forex

Choose currency pairs like USD/SGD, analyse the market, decide your position and trade.

Learn how to trade forex

Costs of trading forex CFDs with IG

Spreads

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    Spreads can vary depending on market conditions.

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    It depends on volatility and liquidity.

Commission

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    Forex CFD trading with IG is typically commission-free.

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    The cost is built into the spread.

Overnight funding

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    A small fee is charged if you hold a position overnight.

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    This may vary for local and international markets.

Stop-loss orders

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    You'll be charged if you use a guaranteed stop-loss orders.

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    The charge is refunded if the GSLO isn’t triggered.

Trade forex CFDs on these platforms

  • IG Online platform
  • IG Mobile app
  • TradingView
  • MetaTrader 4
  • ProRealTime
  • L2 Dealer

Choose our online platform for a seamless and lightning-fast trading experience.  

All the features you need, whenever and wherever you need them.

Chart, trade, and connect with traders using real-time data and technical tools.

Trade with customisable charts and automated strategies.

Analyse markets with advanced charting, custom tools, and professional insights.

Access direct market trading with full order book transparency and advanced controls.

FAQs about forex trading in Singapore

 Is forex trading legal in Singapore?

Yes, forex trading is fully legal in Singapore. IG is regulated by the Monetary Authority of Singapore (MAS), ensuring client fund protection and that our operations meet strict regulatory standards.

What are popular currency pairs amongst Singapore traders?

Common choices include USD/SGD for local market exposure, EUR/USD and GBP/USD for major market opportunities, and AUD/USD for regional trading. IG offers access to over 90 currency pairs. Consider your trading objectives and risk tolerance when selecting currency pairs.

When are forex markets most active for Singapore traders?

The forex market operates 24/5, but Singapore traders often find the London-New York session overlap (9 PM - 12 AM SGT) offers higher liquidity and volatility. Market conditions can vary and past performance doesn't guarantee future results.

Try these next

A guide to understanding forex markets, currency pairs and possible risks. 

See why forex is the largest financial market in the world.

Learn how forex trading is taxed in Singapore.

By total number of client relationships. Investment Trends 2022 and 2023 Singapore Leverage Trading Report.