Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.
Singapore is one of Asia’s most dynamic forex trading hubs, and choosing the right broker is critical for sophisticated investors. Exness (rated 4.8/5) and FxPro (rated 4.1/5) are both regulated by the Monetary Authority of Singapore (MAS), giving local traders confidence in safety and compliance. Exness stands out with ultra-tight spreads, flexible leverage up to 1:2000 (subject to MAS limits), and instant local deposits via PayNow, bank transfer, or credit card. FxPro, a long-established broker, offers a robust MetaTrader suite and advanced cTrader platform, appealing to traders who prioritize platform diversity. For Singapore traders, the choice often comes down to cost efficiency versus platform versatility. This comparison breaks down spreads, deposits, regulation, and account features to help you decide based on your trading style.
| Instrument | Exness | 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 directly impact profitability. Exness offers raw spreads from 0.0 pips on its Zero account with a low commission of $3 per lot per side, making it ideal for high-volume traders. FxPro’s spreads start from 0.6 pips on its Raw+ account with a slightly higher commission structure. On a typical 10-lot trade per week, Exness can save over $200 monthly in spread costs. Both brokers charge no deposit or withdrawal fees, but Exness’s lower spreads give it a clear edge for active Singapore traders.
| Account Type | Exness | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $100 |
| Entity / Asset | Exness | FxPro |
|---|---|---|
| Singapore (offshore) | Up to 1:2000 | Up to 1:500 |
| Forex major pairs | 1:2000 | 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 |
| Asset Class | Exness | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | 20+ | Exness |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✗ | ✗ | Tie |
| Platform | Exness | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Singapore traders value fast, reliable platforms. Exness supports MetaTrader 4, MetaTrader 5, and its own WebTerminal, all optimized for speed and low latency. FxPro offers MT4, MT5, and cTrader, the latter being popular for advanced charting and algorithmic trading. FxPro’s cTrader provides depth of market and one-click trading, which appeals to professional traders. However, Exness’s platforms are equally robust and offer better integration with local payment methods. For most Singapore traders, Exness’s platform suite is sufficient and more cost-effective.
| Factor | Exness | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Exness offers ultra-fast execution with average speeds under 20 milliseconds and no requotes, thanks to its advanced infrastructure. FxPro provides reliable execution with minimal slippage, but its speeds average around 50 milliseconds. For high-frequency or scalping strategies common among sophisticated Singapore traders, Exness’s faster execution and 99.9% order fill rate give it a clear performance advantage.
| Safety Factor | Exness | FxPro |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both Exness and FxPro are regulated by the Monetary Authority of Singapore (MAS), ensuring strict compliance with local laws, client fund segregation, and regular audits. MAS regulation means Singapore traders enjoy high levels of protection, including negative balance protection and access to dispute resolution via the Financial Industry Disputes Resolution Centre (FIDReC). Exness also holds additional licenses from FCA and CySEC, while FxPro is regulated by FCA, CySEC, and SCB. For Singapore traders, MAS oversight is the key trust factor, and both brokers meet that standard.
| Payment Method | Exness | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days | 1 business day |
Singapore traders benefit from fast, fee-free deposits at both brokers. Exness supports PayNow, bank transfer, and credit/debit cards with instant processing and no fees. Withdrawals are processed within 24 hours and returned to the same payment method. FxPro accepts bank transfers and credit cards but does not offer PayNow, which may be less convenient for local users. Both brokers support SGD accounts, but Exness’s PayNow integration makes it the preferred choice for quick, hassle-free funding. For withdrawals, Exness is generally faster, with most requests completed within a few hours.
| Islamic Account Feature | Exness | 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 Exness and FxPro provide Islamic (swap-free) accounts for Singapore Muslim traders, compliant with Sharia law. Exness offers Islamic accounts across all account types (Standard, Raw Spread, Zero) with no swap fees on overnight positions. FxPro also offers swap-free accounts upon request, but it may take 1-2 business days to activate. Exness’s instant activation and wider availability make it more convenient for Muslim traders in Singapore. Both brokers ensure no interest is charged or paid, aligning with Islamic finance principles.
| Support Feature | Exness | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✓ | ✗ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Exness provides 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team for Asia-Pacific traders. FxPro also offers 24/5 support in multiple languages, but live chat is not available on weekends. For Singapore traders, Exness’s round-the-clock support and faster response times are more reliable, especially during weekend trading or urgent issues.
| Mobile Feature | Exness | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Exness |
| Google Play rating | 4.3 stars | 4.2 stars | Exness |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Exness | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
Choose Exness if you...
Choose FxPro if you...
For Singapore traders, Exness is the clear winner with a 4.8/5 rating versus FxPro’s 4.1/5. Exness offers lower spreads, faster execution, and superior local payment options like PayNow, bank transfer, and credit card deposits. Its MAS regulation ensures full compliance and safety. FxPro remains a solid choice for traders who prioritize platform variety (especially cTrader) and a longer operational history. However, for most sophisticated investors in Singapore’s financial hub, Exness delivers better value, convenience, and performance. We recommend Exness for cost-conscious traders and FxPro for those who need advanced platform features.