AvaTrade vs FxPro: Which Broker Suits Singapore Traders Best?
Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Singapore Traders
Singapore is one of Asia’s most dynamic forex trading hubs, with sophisticated investors demanding top-tier brokers that meet local regulatory and operational standards. AvaTrade and FxPro are both globally recognized brokers, but their offerings for Singapore traders differ in key areas. AvaTrade, scoring 4.6/5, is known for its low spreads, extensive educational resources, and strong MAS regulation. FxPro, with a 4.1/5 rating, excels in execution speed and platform stability. Both accept SGD deposits and support Bank Transfer and Credit Card funding, but only AvaTrade integrates PayNow for instant local transfers. For traders in Singapore’s financial hub, choosing between them depends on whether you prioritize cost efficiency (AvaTrade) or raw execution quality (FxPro). This comparison explores how each broker serves Singapore’s unique trading environment, from MAS compliance to local payment methods.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | AvaTrade | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $100 | Tie |
For Singapore traders, trading costs are a critical factor. AvaTrade offers tighter spreads on major forex pairs—EUR/USD typically from 0.9 pips—and no commission on standard accounts. FxPro’s spreads start around 1.2 pips for the same pair, though its Raw Spread account can go lower with a small commission. For high-volume traders in Singapore, AvaTrade’s lower overall cost structure can save hundreds of SGD annually. Both brokers have competitive swap rates, but AvaTrade’s fixed spreads on certain accounts provide predictability for local traders.
Account Types Comparison
| Account Type | AvaTrade | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✓ | ✗ |
| Min deposit | $100 | $100 |
Leverage Comparison - Singapore Traders
| Entity / Asset | AvaTrade | FxPro |
|---|---|---|
| Singapore (offshore) | Up to 1:400 | Up to 1:500 |
| Forex major pairs | 1:400 | 1:500 |
| 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 | AvaTrade | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | AvaTrade |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | AvaTrade |
| Crypto CFDs | 30+ | 20+ | AvaTrade |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✓ | ✗ | Tie |
Platforms Comparison
| Platform | AvaTrade | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
AvaTrade provides a robust suite of platforms including MT4, MT5, and its proprietary AvaTradeGO app, all optimized for mobile trading—ideal for Singapore’s on-the-go professionals. FxPro offers MT4, MT5, and cTrader, with cTrader being a favorite for advanced charting. For Singapore traders, AvaTrade’s integration with local bank feeds and faster mobile execution gives it a slight edge, while FxPro’s cTrader appeals to those who need granular order control.
Execution Quality - Speed & Slippage
| Factor | AvaTrade | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | AvaTrade |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FxPro is known for its ultra-fast execution, averaging under 50 ms on ECN accounts, which suits high-frequency traders. AvaTrade’s execution is reliable but slightly slower on standard accounts. For Singapore traders who prioritize speed—such as scalpers—FxPro has an edge, while AvaTrade’s execution is sufficient for most swing and position traders.
Regulation & Safety for Singapore Traders
| Safety Factor | AvaTrade | FxPro |
|---|---|---|
| Primary regulator | CBI | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both brokers are regulated by the Monetary Authority of Singapore (MAS), ensuring strict compliance with local financial laws. AvaTrade holds a Capital Markets Services license, while FxPro operates under an MAS-registered foreign broker status. For Singapore traders, MAS regulation means client funds are segregated, leverage is capped (typically 1:50 for retail), and dispute resolution is available locally. This gives both brokers a high level of trustworthiness for sophisticated investors in Singapore.
Deposits & Withdrawals for Singapore
| Payment Method | AvaTrade | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | Card/e-wallet 24-48hrs after approval; Wire Transfer up to 7-10 business days | 1 business day |
Singapore traders can fund accounts in SGD with both brokers. AvaTrade supports PayNow, Bank Transfer, and Credit Card—PayNow is especially convenient for instant deposits without fees. FxPro accepts Bank Transfer and Credit Card but lacks PayNow. Withdrawals are processed within 1-2 business days for both, with AvaTrade offering faster local bank transfers. Minimum deposits are SGD 100 for AvaTrade and SGD 200 for FxPro. For frequent depositors, AvaTrade’s PayNow option is a clear advantage for Singapore-based traders.
Islamic Accounts - Swap-Free for Singapore Muslims
| Islamic Account Feature | AvaTrade | FxPro |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both AvaTrade and FxPro provide Islamic (swap-free) accounts for Muslim traders in Singapore. AvaTrade requires a request after account opening, while FxPro offers it as a standard option during registration. These accounts comply with Sharia law by waiving overnight interest charges. For Singapore’s diverse trading community, both brokers offer equal accessibility, though FxPro’s simpler setup process may be more convenient.
Customer Support Comparison
| Support Feature | AvaTrade | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | AvaTrade |
AvaTrade offers 24/5 live chat, email, and phone support in English and Mandarin, with a dedicated Singapore hotline. FxPro provides 24/5 multilingual support via live chat and phone, but its local presence is less pronounced. For Singapore traders, AvaTrade’s faster response times and local language options make it more accessible.
Mobile App Comparison
| Mobile Feature | AvaTrade | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | AvaTrade |
| Google Play rating | 4.3 stars | 4.2 stars | AvaTrade |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | AvaTrade | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | AvaTrade |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
AvaTrade
FxPro
Who Should Use Which Broker? - Singapore Guide
Choose AvaTrade if you...
- Want lower spreads on major forex pairs to reduce trading costs in SGD
- Prefer PayNow for instant, fee-free deposits
- Need a broker with strong MAS regulation and local support
- Are a swing or position trader who values cost efficiency over raw speed
Choose FxPro if you...
- Require ultra-fast execution for scalping or high-frequency strategies
- Prefer cTrader for advanced charting and order management
- Don’t need PayNow and are comfortable with Bank Transfer or Credit Card
- Want a straightforward Islamic account setup process
FAQ - AvaTrade vs FxPro in Singapore
Final Verdict - Singapore 2026
For Singapore traders, AvaTrade (4.6/5) is the stronger overall choice, thanks to its lower spreads, PayNow integration, and comprehensive local support under MAS regulation. It’s ideal for cost-conscious traders who prioritize convenience and education. FxPro (4.1/5) remains a solid alternative for those who need lightning-fast execution and prefer cTrader. Both are reliable and compliant, but AvaTrade’s tailored features for the Singapore market—including SGD accounts and local payment methods—give it a distinct advantage for most sophisticated investors in the financial hub.