FP Markets vs Admirals for Singapore Traders (2026): Which MAS-Regulated Broker Wins?

For Singapore traders, trading costs are a key differentiator. FP Markets offers a Raw ECN account with spreads from 0.0 pips and a commission of SGD 7 per lot round turn, making it highly competitive for high-volume traders. Admirals' Zero account also starts from 0.0 pips but charges a higher commission of SGD 8 per lot. On standard accounts, FP Markets has spreads from 1.0 pips with no commission, while Admirals' Trade.MT4 account offers spreads from 0.5 pips but with a commission. For a typical Singapore trader executing 50 lots per month on EUR/USD, FP Markets saves approximately SGD 50 in costs compared to Admirals.

Both brokers offer MetaTrader 4 and MetaTrader 5, the industry-standard platforms for Singapore traders. FP Markets also provides its own web-based platform and cTrader, which is popular among ECN traders for its advanced charting and order management. Admirals offers its proprietary WebTrader platform, which integrates news and research tools. For Singapore traders who need fast execution and custom indicators, FP Markets’ cTrader is a significant advantage. Admirals’ platform suite is more suited to investors who want an all-in-one solution for forex, stocks, and ETFs.

FP Markets offers true ECN execution with no dealing desk intervention, average execution speed under 40ms, and deep liquidity from multiple Tier-1 banks. Admirals uses a combination of STP and market maker execution, with average speeds of 50-60ms. For Singapore traders who scalp or trade during volatile sessions, FP Markets’ execution quality is superior, with minimal slippage and requotes. Admirals’ execution is reliable but better suited for swing and position trading.

Regulation is critical for Singapore traders, and both brokers are regulated by the Monetary Authority of Singapore (MAS). FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and holds a MAS license as a Recognised Market Operator, ensuring compliance with local laws. Admirals operates under a Capital Markets Services License from MAS (License No. CMS100139), providing direct oversight. Both brokers segregate client funds and participate in investor compensation schemes, giving Singapore traders peace of mind. However, Admirals’ direct MAS license offers slightly more local regulatory protection.

Singapore traders can fund their accounts using PayNow, Bank Transfer (local SGD), and Credit Card (Visa/Mastercard) at both brokers. FP Markets also supports UnionPay and Neteller, while Admirals accepts PayPal and Skrill. Minimum deposits are SGD 100 for FP Markets and SGD 200 for Admirals. Withdrawals are processed within 1-2 business days for local bank transfers and PayNow, with no fees from the broker. Credit card withdrawals take 3-5 days. Both brokers support instant deposits via PayNow, which is a major convenience for Singapore traders who want to start trading immediately.

Both FP Markets and Admirals offer Islamic (swap-free) accounts for Muslim traders in Singapore. FP Markets provides Islamic accounts on all account types (Standard, Raw, and cTrader) without any additional fees. Admirals offers Islamic accounts on request, available on all account types except the Invest.MT5 account. No swap fees are charged on overnight positions, but some instruments may have a small administration fee. Traders must provide a declaration of faith to qualify. This makes both brokers accessible to Singapore’s Muslim trading community.

FP Markets offers 24/5 customer support via live chat, email, and phone, with a dedicated Singapore phone line. Admirals provides 24/5 support in English and Chinese, with local support hours matching Singapore time. Both brokers have responsive live chat, but FP Markets has a slight edge with faster response times (under 30 seconds) and a more comprehensive FAQ section tailored to Singapore traders.