Admirals vs Forex.com: Which Broker is Better for Singapore Traders in 2026?
Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Singapore Traders
Singapore traders seeking a reliable forex broker in 2025 face a strong choice between Admirals and Forex.com. Both are regulated by the Monetary Authority of Singapore (MAS), offering local protections and SGD account options. Admirals has a higher overall rating (4.1 vs 3.4) due to its competitive spreads and user-friendly platforms, while Forex.com excels in research tools and global brand recognition. For sophisticated investors in Singapore's financial hub, key factors include trading costs, platform stability, and local payment methods like PayNow and bank transfers. This comparison examines how each broker serves Singapore traders, focusing on MAS compliance, deposit options, and account types. Whether you prioritise low spreads or a wide asset range, understanding these differences will help you choose the best broker for your trading style in Singapore's dynamic market.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | Admirals | Forex.com | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Forex.com |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Forex.com |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Forex.com |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Forex.com |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $1 | $100 | Admirals |
For Singapore traders, trading costs are a critical consideration. Admirals offers raw spreads from 0.0 pips with a commission of $3 per lot on its Zero account, while Forex.com's standard spreads start at 0.2 pips with no commission. For active traders executing high volumes in Singapore's fast-paced environment, Admirals provides lower overall costs, especially on major pairs like EUR/USD and USD/SGD. Forex.com's costs are slightly higher but include all-in pricing that simplifies budgeting. Spreads also vary by market volatility and time of day, with both brokers offering fixed and variable spread options. For Singapore traders focused on scalping or day trading, Admirals' tighter spreads can significantly reduce transaction costs over time.
Account Types Comparison
| Account Type | Admirals | Forex.com |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $1 | $100 |
Leverage Comparison - Singapore Traders
| Entity / Asset | Admirals | Forex.com |
|---|---|---|
| Singapore (offshore) | Up to 1:500 | Up to 1:50 |
| Forex major pairs | 1:500 | 1:50 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | Admirals | Forex.com | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Admirals |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Admirals |
| Crypto CFDs | 30+ | 20+ | Admirals |
| Stocks / Share CFDs | 1,000+ | ✗ | Forex.com |
| ETFs | ✓ | ✗ | Tie |
Platforms Comparison
| Platform | Admirals | Forex.com |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer platforms tailored to Singapore traders. Admirals provides MetaTrader 4 and MetaTrader 5, ideal for automated trading and copy trading, plus its proprietary WebTrader. Forex.com offers MetaTrader 4, TradingView, and its own Advanced Trading platform with integrated research. For Singapore traders who rely on mobile trading, both have robust apps with real-time quotes and order management. Admirals' platforms are favoured for their customisation and support for expert advisors (EAs), while Forex.com's TradingView integration appeals to chart-focused traders. The choice depends on whether you prioritise algorithmic capabilities or advanced charting tools.
Execution Quality - Speed & Slippage
| Factor | Admirals | Forex.com | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Forex.com |
| Avg execution speed | ~30ms | ~40ms | Admirals |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
Execution quality is vital for Singapore traders navigating volatile markets. Admirals offers instant execution with low latency, using multiple liquidity providers, resulting in minimal slippage. Forex.com also provides fast execution, but its dealing desk model can sometimes lead to requotes during high volatility. Both brokers have data centres in Asia, ensuring low ping times for Singapore traders. For scalpers and algorithmic traders, Admirals' execution is slightly more reliable, while Forex.com's execution is adequate for most retail strategies.
Regulation & Safety for Singapore Traders
| Safety Factor | Admirals | Forex.com |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both brokers are regulated by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act, ensuring strict compliance, investor protection, and negative balance protection. Admirals is regulated in Singapore by Admirals SG Pte. Ltd. (CMS100034), and Forex.com operates via GAIN Capital Singapore Pte. Ltd. (CMS100267). This means Singapore traders enjoy segregated client funds, dispute resolution via MAS, and transparent pricing. Admirals' recent MAS licensing adds extra credibility, while Forex.com has a longer global track record. For Singapore traders, both offer peace of mind that their funds are safe and operations are subject to local oversight.
Deposits & Withdrawals for Singapore
| Payment Method | Admirals | Forex.com |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | e-wallets take instant to 1 business day, credit/debit cards take 1 business day, and bank transfers take 1 to 3 business days. | 1 to 3 business days |
Funding your account is straightforward with both brokers, thanks to local payment options. Admirals supports PayNow, bank transfer, and credit cards with a minimum deposit of SGD 100. PayNow deposits are instant and fee-free, making it ideal for Singapore traders. Bank transfers are free but take 1-2 business days. Credit cards are instant but may incur a 0.5% fee. Forex.com also accepts PayNow, bank transfers, and credit cards, with a higher minimum of SGD 200. Withdrawals are processed similarly: Admirals typically processes withdrawals within 1-2 business days via PayNow or bank transfer, while Forex.com offers same-day processing for PayNow. Both brokers do not charge withdrawal fees, but bank intermediary fees may apply. For Singapore traders, PayNow offers the fastest and cheapest method for both deposits and withdrawals.
Islamic Accounts - Swap-Free for Singapore Muslims
| Islamic Account Feature | Admirals | Forex.com |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
For Muslim traders in Singapore who require swap-free accounts (Islamic accounts), Admirals offers them upon request, with no overnight interest charges on forex and metal positions. Forex.com also provides Islamic accounts, but they are limited to certain account types and require a simple declaration of faith. Both brokers must comply with Sharia principles, meaning no commission on swap-free accounts, though Admirals may adjust spreads to compensate. Singapore traders should check with customer support to confirm eligibility and any fees. Overall, Admirals has a clearer policy and faster processing for Islamic accounts, while Forex.com's offering is more restrictive.
Customer Support Comparison
| Support Feature | Admirals | Forex.com | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Admirals |
Customer support is available in English and Mandarin for both brokers, catering to Singapore's multicultural traders. Admirals offers 24/5 live chat, phone, and email support, with a dedicated Singapore-based team for account queries. Forex.com provides 24/5 support via live chat and phone, with local contact numbers in Singapore. Response times are generally fast, but Admirals scores higher for its local presence and personalised service for sophisticated investors. Both brokers also have extensive FAQ sections on their Singapore-specific websites.
Mobile App Comparison
| Mobile Feature | Admirals | Forex.com | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Admirals |
| Google Play rating | 4.3 stars | 4.2 stars | Admirals |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | Admirals | Forex.com | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Admirals |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
Admirals
Forex.com
Who Should Use Which Broker? - Singapore Guide
Choose Admirals if you...
- Want the lowest spreads on forex pairs, starting from 0.0 pips with a low commission.
- Prefer MetaTrader 4 or 5 for automated trading and custom indicators.
- Value a local Singapore support team and fast PayNow deposits.
- Are a scalper or high-volume trader seeking minimal trading costs.
Choose Forex.com if you...
- Need access to a wider range of assets, including indices and commodities CFDs.
- Prefer TradingView integrated platform for advanced charting.
- Want a globally established brand with extensive educational resources.
- Trade less frequently and prefer all-in spreads without commission.
FAQ - Admirals vs Forex.com in Singapore
Final Verdict - Singapore 2026
For sophisticated Singapore traders in 2025, Admirals is the stronger choice due to its lower costs, superior execution, and robust local support, all backed by MAS regulation. Its integration with PayNow and bank transfers makes funding seamless, while the Zero account suits high-volume strategies. Forex.com is a solid alternative for traders who prioritise product variety and research tools, but its higher spreads and sometimes slower execution may deter cost-conscious traders. Ultimately, both brokers are MAS-regulated and accept SGD, so your decision should align with your trading style. If low costs and speed matter most, choose Admirals. If you prefer a broader product suite, Forex.com is worth considering.