Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.
Singapore traders seeking a reliable forex broker face a clear choice between FP Markets and InvestoPro. FP Markets, with a robust 4.7/5 rating, has been serving Singapore clients for over a decade, offering deep liquidity and tight spreads. InvestoPro, scoring 3.8/5, is a newer entrant with limited presence in the local market. Both brokers accept SGD deposits via PayNow, Bank Transfer, and Credit Card, but FP Markets stands out for its MAS-aligned regulatory standards and faster execution. For sophisticated investors in Singapore's financial hub, FP Markets provides the institutional-grade trading environment needed for high-volume strategies. This comparison examines spreads, platforms, regulation, and local payment options to help you decide.
| Instrument | FP Markets | InvestoPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | InvestoPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | InvestoPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | InvestoPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | InvestoPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $0 | InvestoPro |
FP Markets offers spreads from 0.0 pips on its Raw account with a $3 commission per lot, while InvestoPro's standard account starts at 1.2 pips with no commission. For a Singapore trader executing 50 lots monthly, FP Markets costs approximately $150 in commissions versus InvestoPro's $600+ in spread costs. FP Markets also offers lower swap rates for major pairs, beneficial for swing traders. Overall, FP Markets is significantly cheaper for active Singapore traders.
| Account Type | FP Markets | InvestoPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $0 |
| Entity / Asset | FP Markets | InvestoPro |
|---|---|---|
| Singapore (offshore) | Up to 1:500 | Up to 1:500 |
| Forex major pairs | 1:500 | 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 | FP Markets | InvestoPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FP Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FP Markets |
| Crypto CFDs | 30+ | 20+ | FP Markets |
| Stocks / Share CFDs | 1,000+ | ✗ | InvestoPro |
| ETFs | ✓ | ✗ | Tie |
| Platform | FP Markets | InvestoPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FP Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all fully customisable for Singapore traders. cTrader offers advanced charting and automated trading. InvestoPro offers only MT4 and a proprietary web platform, which lacks the depth of cTrader. For Singapore's tech-savvy traders, FP Markets' platform suite is more versatile and reliable.
| Factor | FP Markets | InvestoPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | InvestoPro |
| Avg execution speed | ~30ms | ~40ms | FP Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FP Markets provides institutional-grade execution with average speeds under 40ms and no requotes. InvestoPro's execution averages 100ms and may suffer from slippage during volatile periods. For Singapore traders using scalping or EAs, FP Markets' execution is clearly superior.
| Safety Factor | FP Markets | InvestoPro |
|---|---|---|
| Primary regulator | ASIC | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC), a Tier-1 regulator comparable to MAS. It also holds a Cyprus CySEC license. InvestoPro operates under an offshore license from the Financial Services Authority (FSA) in St. Vincent and the Grenadines, offering weaker investor protection. For Singapore traders, FP Markets' regulatory framework aligns better with MAS standards and provides fund segregation.
| Payment Method | FP Markets | InvestoPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours | Card/e-wallet fast; bank transfer 1-3 days |
Singapore traders can fund both brokers using PayNow, Bank Transfer, and Credit Card. FP Markets processes PayNow deposits instantly with no fees, while InvestoPro may charge a small processing fee. Minimum deposit at FP Markets is $100 SGD, lower than InvestoPro's $200 SGD. Withdrawals at FP Markets are processed within 24 hours, whereas InvestoPro takes 2-3 business days. Both support SGD accounts, but FP Markets offers more efficient local payment integration.
| Islamic Account Feature | FP Markets | InvestoPro |
|---|---|---|
| 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 brokers offer Islamic accounts for Singapore Muslim traders. FP Markets provides swap-free trading on all account types, including Raw and Standard, with no expiry. InvestoPro limits Islamic accounts to its standard account only and may charge a small administration fee after 90 days. FP Markets' policy is more accommodating for long-term Muslim traders.
| Support Feature | FP Markets | InvestoPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FP Markets |
FP Markets offers 24/5 multilingual support via live chat, email, and phone, with a dedicated Singapore phone line. InvestoPro provides email and live chat but lacks phone support for Singapore. Response times are faster at FP Markets, typically under 2 minutes.
| Mobile Feature | FP Markets | InvestoPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FP Markets |
| Google Play rating | 4.3 stars | 4.2 stars | FP Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | FP Markets |
| Resource | FP Markets | InvestoPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | FP Markets |
Choose FP Markets if you...
Choose InvestoPro if you...
For Singapore traders, FP Markets is the clear winner with a 4.7/5 rating versus InvestoPro's 3.8/5. FP Markets offers tighter spreads, faster execution, better local payment support (PayNow, Bank Transfer, Credit Card), and stronger regulation aligned with MAS standards. InvestoPro may suit beginners with low capital, but its offshore regulation and higher costs make it less suitable for sophisticated investors. If you trade actively in Singapore's financial hub, FP Markets provides the reliability and cost efficiency you need.