Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.
For Singapore traders operating in one of the world's leading financial hubs, choosing the right forex broker is critical. EasyMarkets and Exness are two popular choices, but they cater to different trader profiles. EasyMarkets, with a 3.4/5 rating, offers a user-friendly platform and fixed spreads, making it suitable for beginners. However, Exness, rated 4.8/5, is the preferred broker for sophisticated investors due to its ultra-low spreads, high leverage, and direct regulation by the Monetary Authority of Singapore (MAS). Both brokers support local deposits via PayNow, Bank Transfer, and Credit Card, ensuring seamless fund management. Whether you trade forex, indices, or commodities, understanding the nuances of each broker is essential to maximize returns while staying compliant with MAS guidelines.
| Instrument | EasyMarkets | Exness | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Exness |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Exness |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Exness |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Exness |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $100 | Exness |
When comparing trading costs for Singapore traders, Exness clearly outperforms EasyMarkets. Exness offers spreads as low as 0.0 pips on major pairs like EUR/USD (plus a small commission), while EasyMarkets typically charges fixed spreads around 1.2 pips on the same pair. For high-volume traders in Singapore's fast-paced trading environment, even a 0.5 pip difference can translate into significant cost savings. Additionally, Exness provides volume-based discounts through its tiered account structure, whereas EasyMarkets' fixed pricing offers predictability but higher per-trade costs. Traders should consider their average trade size and frequency when choosing between the two.
| Account Type | EasyMarkets | Exness |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $100 |
| Entity / Asset | EasyMarkets | Exness |
|---|---|---|
| Singapore (offshore) | Up to 1:2000 | Up to 1:2000 |
| Forex major pairs | 1:2000 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Exness |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | Exness |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers cater to Singapore traders with powerful trading platforms, but Exness offers a broader choice including MetaTrader 4, MetaTrader 5, and its own WebTerminal. EasyMarkets focuses on its proprietary web-based platform and also supports MT4. For Singapore traders who rely on mobile devices for on-the-go trading, Exness's mobile apps are highly rated for speed and reliability. EasyMarkets' platform, while intuitive, may lack advanced charting tools that sophisticated investors in Singapore demand. Overall, Exness provides a more versatile platform ecosystem suited to professional traders.
| Factor | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Exness |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Execution quality directly impacts profitability for Singapore traders. Exness boasts ultra-fast execution with average speeds under 20 milliseconds, minimal slippage, and no requotes. EasyMarkets offers fixed spreads, which eliminate slippage but can lead to slower execution during volatile markets. For high-frequency or scalping strategies common among sophisticated Singapore traders, Exness's execution is superior, while EasyMarkets suits those who prioritize predictable pricing.
| Safety Factor | EasyMarkets | Exness |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a top priority for Singapore traders, and here the difference is stark. Exness is directly regulated by the Monetary Authority of Singapore (MAS), offering clients protection under Singapore's strict financial laws, including segregation of funds and access to dispute resolution via FIDReC. EasyMarkets, on the other hand, is regulated by CySEC (Cyprus) and is not licensed by MAS. While EasyMarkets still serves Singapore clients, they do not benefit from local regulatory oversight. For sophisticated investors concerned with capital safety, Exness's MAS license provides a clear advantage.
| Payment Method | EasyMarkets | Exness |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days |
Singapore traders enjoy convenient deposit and withdrawal options at both brokers. EasyMarkets supports PayNow, Bank Transfer, and Credit Card deposits, with minimum deposits as low as $50 SGD equivalent. Withdrawals are processed within 1-2 business days via the same method. Exness also accepts PayNow, local bank transfers, and credit cards, but stands out with instant withdrawal processing on weekends and no fees on most local methods. For urgent fund access, Exness's 24/7 processing is a major plus. Both brokers support deposits in SGD, reducing conversion costs. Note that bank transfers may take longer than PayNow, which is instant for both.
| Islamic Account Feature | EasyMarkets | Exness |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Muslim traders in Singapore can opt for Islamic (swap-free) accounts at both EasyMarkets and Exness. Exness offers swap-free accounts across all account types, including Standard and Zero accounts, without any additional fees or conditions. EasyMarkets provides Islamic accounts upon request, but may have limited availability and require a minimum deposit. For Singapore's Muslim community seeking compliance with Sharia law, Exness's straightforward offering is more accessible, while EasyMarkets requires a formal request. Both brokers ensure no overnight interest is charged or credited on positions held beyond one day.
| Support Feature | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✓ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support is vital for Singapore traders who value quick resolutions. Exness offers 24/7 multilingual support via live chat, phone, and email, with dedicated agents available during Singapore business hours. EasyMarkets provides support during standard business hours (9 AM - 7 PM SGT) and has a smaller team. For after-hours trading or urgent issues, Exness's round-the-clock service gives it a clear edge for sophisticated investors in Singapore.
| Mobile Feature | EasyMarkets | Exness | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | EasyMarkets |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose Exness if you...
For Singapore traders in the financial hub, Exness is the clear winner thanks to its MAS regulation, ultra-low spreads, and instant local payments via PayNow. While EasyMarkets offers a simpler experience with fixed spreads, it lacks direct MAS oversight and has higher costs. Sophisticated investors will benefit from Exness's professional-grade execution and volume-based pricing. If you prioritize safety, lower costs, and flexibility, choose Exness. For beginners who value simplicity, EasyMarkets is a viable alternative but be aware of the regulatory trade-off.