Admirals vs FxPro: A Detailed Comparison for Singapore Traders (2026)

For Singapore traders, trading costs are critical, especially for high-volume forex trading. Admirals offers a competitive edge with its Zero account, where EUR/USD spreads start from 0.5 pips, plus a commission of $3 per lot. FxPro’s Raw Spread account offers spreads from 0.6 pips with a $4.5 commission per lot. On standard accounts, Admirals’ spreads are around 0.9 pips, while FxPro’s are closer to 1.2 pips. For a Singapore trader executing 50 lots per month, Admirals can save approximately $75 in costs compared to FxPro. Both brokers have no deposit fees, but FxPro’s higher spreads on standard accounts make Admirals more cost-effective for active traders.

Singapore traders value platform flexibility. FxPro excels here, offering MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Edge. cTrader is particularly popular among advanced traders for its depth of market and algorithmic trading capabilities. Admirals provides MT4, MT5, and its own WebTrader, but lacks cTrader. Both brokers offer mobile apps with full functionality. For Singapore traders who rely on automated trading or require advanced charting tools, FxPro’s cTrader support is a significant advantage. However, Admirals’ platform integration with its analytical tools like Market Heat Map is beneficial for fundamental analysis.

Both brokers offer fast execution, but FxPro has a slight edge with its No Dealing Desk (NDD) model on all account types, ensuring no re-quotes. Admirals uses a hybrid model with market execution on its Zero account and instant execution on standard accounts. FxPro’s execution speed averages 13 milliseconds, while Admirals averages 15 milliseconds. For Singapore scalpers, FxPro’s NDD model is preferable.

Regulation is paramount for Singapore traders, and both brokers are MAS-licensed. Admirals is regulated by MAS under Admiral Markets Pte Ltd, with additional oversight from the UK FCA and Cyprus CySEC. FxPro is also MAS-regulated under FxPro Global Markets Ltd, alongside licenses from the UK FCA, Cyprus CySEC, and South Africa FSCA. For Singapore traders, MAS regulation ensures client funds are held in segregated accounts with local banks, and both brokers comply with MAS’s strict capital adequacy requirements. FxPro’s additional FCA oversight provides an extra layer of security, but both are equally reliable for local investors.

Singapore traders benefit from multiple local payment methods at both brokers. For deposits, PayNow is the fastest option—Admirals processes it in minutes with no fees, while FxPro also offers instant PayNow deposits. Bank Transfer is free at both, but takes 1-2 business days. Credit Card deposits are instant; Admirals charges no fee, but FxPro applies a 1.5% fee. For withdrawals, Admirals offers free PayNow withdrawals (minimum $10) and free bank transfers. FxPro charges a $10 fee for bank withdrawals and a 1% fee for credit card withdrawals. Admirals is more cost-effective for withdrawals, especially for smaller amounts. Both brokers allow SGD account opening, avoiding currency conversion fees.

Muslim traders in Singapore can access Islamic (swap-free) accounts at both brokers. Admirals offers swap-free accounts upon request for clients who meet Sharia compliance criteria, with no additional charges. FxPro also provides Islamic accounts with no overnight interest, but requires a minimum deposit of $500 and may charge an administration fee if positions are held beyond 10 days. For Singapore Muslim traders who hold long-term positions, Admirals’ fee-free Islamic account is more suitable, while FxPro’s account is better for short-term trading.

Customer support is available 24/5 in English for both brokers, covering Singapore’s trading hours. Admirals offers phone, email, and live chat support, with response times under 2 minutes on chat. FxPro provides similar channels but also has a 24/7 phone line for urgent issues. Both have local Singapore contact numbers. FxPro’s multilingual support includes Mandarin, which is beneficial for Chinese-speaking traders in Singapore.