Forex trading platforms

Compare pairs, prices, and fees of foreign exchange trading platforms.

Written by Bill Ryan Natividad |

Verified by David Boyd

Updated 5 Jun 2025 |

Comparing of 8 forex trading platforms

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Featured

AvaTrade forex

Commission

The average EURUSD benchmark fee is $10.7

Minimum Deposit

S$100.00

Minimum Trade

0.01 Lot

Trading Platform

AvaTradeGO, MT4, MT5

Highlights

Trade over 50 forex pairs, including majors, minors, and exotics.
Fixed spreads on many pairs mean you know your costs upfront, even during volatile markets.
Offers AvaTradeGO and MT4/MT5 platforms with advanced charting and risk controls.
MAS-regulated with negative balance protection to help limit downside risk.

Pros

No commission model keeps pricing straightforward for newer traders.
Wide range of supported platforms, including AvaOptions for forex options trading.
Offers copy trading through DupliTrade and ZuluTrade — great for passive or learning-focused traders.
Multilingual customer support and educational tools make it beginner-friendly.
Supports hedging and automated strategies via MT4/MT5.

Cons

The fixed spreads can be slightly wider than variable ones on some pairs, but they offer more certainty in volatile conditions.
Inactivity fees apply after 3 months.
Advanced traders may find AvaTradeGO’s features somewhat limited compared to MT5.

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On website

80.9% of retail investor accounts lose money when trading CFDs

Pepperstone forex

Commission

Standard account is commission-free

Minimum Deposit

S$200.00

Minimum Trade

$200

Trading Platform

cTrader, MT4, MT5

Highlights

Access over 60 currency pairs with ultra-tight spreads from 0.0 pips on Razor accounts.
Supports MT4, MT5, cTrader, and TradingView — ideal for both manual and automated trading.
No dealing desk (NDD) execution means faster trade speeds and no price manipulation.

Pros

Offers both commission-free (Standard) and low-spread + commission (Razor) accounts, so you can choose what suits your style.
Fast execution speed, typically under 30ms, appeals to scalpers and high-frequency traders.
Depth of market (DOM) feature lets experienced traders see real-time order flow.
Well-integrated with copy trading platforms like Myfxbook and DupliTrade.
24/5 multilingual customer support and a strong local presence in Asia-Pacific.
MAS-regulated.

Cons

No guaranteed stop-loss orders, but solid risk tools are still available across platforms.
A razor account requires higher volume to maximize its low-spread advantage, but standard account is still competitive.
Limited in-app market news and research.

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Not available for application via this website

Capital.com forex

Commission

Minimum Deposit

S$20.00

Minimum Trade

Varies depending on the instrument

Trading Platform

Mobile app, MT4, Web Trader

Highlights

Trade over 130 forex pairs, including major, minor, and exotic currencies — all commission-free.
Tight spreads and fast execution with no hidden fees or markups.
AI-powered tools offer personalised insights to help shape smarter trading decisions.
Easy-to-use platform with in-built learning materials — ideal for new traders.

Pros

Supports MT4 alongside Capital.com’s proprietary platform for flexibility.
Negative balance protection and risk alerts help limit downside, especially for newer traders.
Advanced charting tools, technical indicators, and real-time market sentiment are built into the platform.
Fast, free deposits and withdrawals through multiple local and global methods.
Regulated by MAS and other major global regulators.

Cons

No support for third-party copy trading services.
Lacks advanced order types like trailing stops, which experienced traders may look for.
Forex leverage is capped.

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Not available for application via this website

Exness forex

Commission

Minimum Deposit

S$10.00

Minimum Trade

0.01 Lot

Trading Platform

Exness terminal, Exness trader app, MT4, MT5

Highlights

Trade over 100 forex pairs, including majors, minors, and exotics, with ultra-low spreads.
Instant withdrawals are available 24/7.
Offers flexible leverage with no preset cap for pro accounts and capped leverage for retail clients to manage risk.
Choice of MT4, MT5, and Exness’s web terminal.

Pros

Spreads from 0.0 pips on Raw accounts.
Low minimum deposit (as little as USD 10) makes it accessible for beginners.
Supports algorithmic trading and Expert Advisors (EAs) on MT4/MT5.
Localized customer support is available in multiple languages, including 24/5 live chat.
MAS-regulated, with strong fund security measures and transparent pricing

Cons

Doesn’t offer copy trading features.
Educational resources are limited compared to other platforms.

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Not available for application via this website

Saxo Markets forex

Commission

Minimum Deposit

S$0.00

Minimum Trade

$1000

Trading Platform

SaxoTraderGO

Highlights

Trade over 180 currency pairs, including majors, minors, and emerging market currencies — one of the widest selections in the market.
Institutional-grade spreads starting from 0.2 pips with deep liquidity.
Advanced trading platforms (SaxoTraderGO and SaxoTraderPRO) are packed with charting tools and customisation.

Pros

Tiered account structure (Classic, Platinum, VIP) offers better pricing and support as your volume grows.
Access to integrated research, analyst commentary, and trade ideas built directly into the platform.
Exceptional trade execution with minimal slippage — great for fast-moving forex markets.
Allows advanced order types and multi-asset trading from a single account.
Local support team in Singapore and strong global presence.
MAS-regulated with strong reputation among professional and high-net-worth traders

Cons

Minimum deposit starts at S$3,000 for a Classic account — higher than most retail platforms, but suited for serious traders.
Its platform may feel complex at first for beginners, though the learning curve pays off long-term.
Forex leverage is more conservative due to regulations.

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Not available for application via this website

CMC Markets forex

Commission

0.0025% per transaction

Minimum Deposit

S$0.00

Minimum Trade

0.01 Lot

Trading Platform

Mobile app, MT4, Web trader

Highlights

Trade over 330 currency pairs, which is more than most platforms offer, including some rare options beyond the usual majors
Spreads start from 0.7 pips with no extra commission.
Next Gen platform is designed for serious traders with more than 80 indicators and price projections to help you spot opportunities.

Pros

A large selection of pairs gives you access to niche markets not available on many other platforms.
Its platform responds quickly and lets you customize charts and tools, perfect for active or day traders.
Guaranteed stop-loss orders help you manage risk even during sudden market moves.
No minimum deposit required.
Sentiment feature shows how other traders are positioned, helping to confirm your trade ideas.
Regulated by MAS with a global reputation built over 30 years.

Cons

Does not support MT4 or MT5 .
No volume-based rebates.
Platform may seem busy at first, but tutorials are available to help you learn quickly

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Not available for application via this website

Plus500 forex

Commission

Minimum Deposit

S$200.00

Minimum Trade

Varies depending on the instrument

Trading Platform

Web Trader

Highlights

Access over 70 currency pairs including majors minors and some exotic pairs.
Tight spreads starting from 0.6 pips help keep trading costs competitive.
Easy-to-use platform with simple design ideal for beginners and casual traders.

Pros

A user-friendly platform makes it easy to start trading even if you are new to forex.
Offers negative balance protection so you can never lose more than what you deposit.
No commissions on trades, keeping costs straightforward and transparent.
The mobile app is intuitive and allows you to trade and monitor positions on the go.
Real-time risk management tools help keep your trades under control.
Regulated by MAS and other global authorities, ensuring a trustworthy trading environment.

Cons

Fewer currency pairs compared to some competitors.
Limited advanced charting and analysis tools, which might not suit very active or technical traders.
No support for automated trading.

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Not available for application via this website

BlackBull Markets

Commission

Minimum Deposit

S$0.00

Minimum Trade

0.01 Lot

Trading Platform

MT4, MT5, TradingView, WebTrader

Highlights

Trade over 60 currency pairs, including major, minor, and exotic options.
Offers low-cost institutional spreads with flexible leverage up to 500:1 and spreads from 0.0 pips.
If you are new to forex trading, sign up for BlackBull Markets' demo trading account
Use familiar platforms like MT4 and MT5, which come with advanced tools and let you automate your strategies if you want.

Pros

Tight spreads and fast trade execution mean you get better prices and less slippage – great for those who want precision in their trades
MT4 and MT5 support means you can use expert advisors or custom indicators to suit your trading style
Offers different account types, including ECN accounts that provide direct market access – perfect if you’re a serious trader
Plenty of educational content and webinars to help you sharpen your skills and stay updated on market moves
Responsive customer support is on hand when you need help, tailored for traders in Singapore and the region.

Cons

It’s not regulated by MAS, so local oversight is missing, but New Zealand’s regulator still provides protection.
The minimum deposit is higher than some beginner platforms.
Limited range of products outside forex, so if you want to trade shares or commodities, you might need to look elsewhere.

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