FP Markets vs FxPro for Singapore Traders (2026)

For Singapore traders, trading costs directly impact profitability, especially for high-volume strategies. FP Markets offers a Raw account with spreads from 0.0 pips on EUR/USD and a commission of $3 per lot per side, making it one of the cheapest options for active traders. In contrast, FxPro's standard account has spreads starting from 0.6 pips with no commission, but for frequent traders, the raw account model of FP Markets is more cost-effective. On a typical 10-lot trade, FP Markets saves you around $6–$10 per trade compared to FxPro. Singapore traders who trade major pairs like USD/SGD or EUR/USD will benefit from FP Markets' tighter pricing, especially during peak London-New York overlap sessions.

Both brokers offer industry-leading platforms, but with different strengths. FP Markets provides MetaTrader 4, MetaTrader 5, and cTrader, giving Singapore traders flexibility to choose between the classic MT4 ecosystem or the more advanced cTrader with depth of market. FxPro also offers MT4, MT5, and its proprietary FxPro Edge platform, which is web-based and user-friendly. For Singapore traders who value algorithmic trading and ECN-style execution, FP Markets' cTrader integration is a standout. FxPro's Edge platform is simpler but lacks the advanced order types and automation features that sophisticated Singapore traders often need. Overall, FP Markets offers more platform depth.

Execution quality is crucial for Singapore traders, especially those scalping or using EAs. FP Markets offers ECN execution with no requotes and average execution speed under 40ms on its Raw account. FxPro also provides STP execution with speeds around 50ms, but its pricing can be less stable during news events. FP Markets' deeper liquidity and direct market access make it a better choice for fast-paced trading strategies common in Singapore's financial hub.

Regulation is a critical factor for Singapore traders, even though neither broker is directly regulated by the Monetary Authority of Singapore (MAS). FP Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), offering strong client fund segregation and negative balance protection. FxPro is regulated by the Financial Conduct Authority (FCA) in the UK, CySEC, and the Financial Sector Conduct Authority (FSCA) in South Africa. While both are well-regulated globally, Singapore traders should note that MAS does not oversee these brokers, meaning they are not covered by the MAS investor protection framework. However, both brokers adhere to strict international standards, and FP Markets' ASIC regulation adds an extra layer of oversight for Australian-based entities.

Singapore traders benefit from multiple deposit methods, but FP Markets has a clear advantage with PayNow support, allowing instant SGD deposits without fees. Both brokers accept Bank Transfer and Credit Card (Visa/Mastercard) deposits in SGD. FP Markets typically processes withdrawals within 1 business day via bank transfer, while FxPro takes 1–3 business days. Credit card withdrawals are free with FP Markets, but FxPro may charge a small fee. For high-volume traders, FP Markets' faster withdrawal times and PayNow integration make it more convenient. Minimum deposits are also favourable: FP Markets requires just $100 AUD (around $90 SGD) for its standard account, while FxPro requires $100 USD (around $135 SGD). Both brokers accept deposits in SGD, but FP Markets' local payment options are more tailored to Singapore.

Both FP Markets and FxPro offer Islamic (swap-free) accounts for Muslim traders in Singapore who wish to trade without earning or paying overnight interest (swap). FP Markets provides Islamic accounts across all account types, including Raw and Standard, with no additional fees for swap-free status. FxPro also offers swap-free accounts but may require a declaration of faith or proof of residence in a Muslim-majority country. Singapore traders should note that Islamic accounts typically have conditions such as limited holding periods or higher spreads. FP Markets is generally more accommodating, with straightforward application and no extra documentation beyond a simple request. Always confirm current terms with each broker before opening an Islamic account.

Customer support is available 24/5 for both brokers, which suits Singapore's trading hours during the Asian session. FP Markets offers live chat, email, and phone support in English, with response times under 30 seconds on chat. FxPro also provides multi-language support, including English and Mandarin, via live chat and phone. For Singapore traders, FP Markets' faster chat response and dedicated account managers for high-volume clients give it a slight edge. FxPro's support is reliable but can be slower during peak hours.