Been trading with a few brokers but keep running into issues with withdrawals or spreads getting weird during news events.
Looking for something solid in Singapore that actually works when you need it to.
IG Singapore worked decent for me but their platform felt clunky after a while. Switched to Saxo and never looked back.
Their execution during NFP and ECB announcements stays clean. No requotes or sudden spread widening like I got with other brokers.
One thing nobody mentions - check their overnight swap rates if you hold positions. Some Singapore brokers charge way more than they should.
Also grab cashback through services like GlobeGain. Gets you back around 10-20% of spreads which adds up over time. Works with most MAS regulated brokers.
OCBC Securities has forex trading too. Not many people know about it but withdrawals are instant since it’s a local bank.
Interactive Brokers Singapore gets the job done if you can handle their interface. Takes some getting used to but execution is solid during market chaos.
Their commission structure works better for active traders compared to spread based pricing from other brokers mentioned here.
Standard Chartered also offers forex trading through their priority banking if you qualify. Not many traders consider traditional banks but funding moves fast.
OANDA Asia Pacific is regulated by MAS and handles withdrawals without drama. Their spreads stay consistent during news releases, which is rare. Saxo Bank Singapore works well for larger accounts. Professional platform and they don’t mess around with execution during volatility. IG Markets Singapore is another MAS regulated option. Decent spreads and reliable funding. Stick with MAS regulated brokers only. They have proper oversight and your funds stay protected. Most offshore brokers advertising in Singapore are just marketing offices with licenses elsewhere.
Phillip Nova works fine for basic stuff nothing fancy.