In order to trade successfully, it is very important to choose the right broker. in Singapore, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best forex brokers for swap-free trading in Singapore 2026. You can compare their features and trading conditions.
1
XM - Best for swap-free trading in Singapore
XM is a globally recognized broker, operating in nearly 190 countries and serving over 15 million traders. In 2025, the company marks its 15th anniversary. It provides access to more than 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. Licensed by CySEC (Cyprus), FSCA (South Africa), DFSA (Dubai), FSC (Belize), FSA (Seychelles), FSC (Mauritius), CMA (Kenya) and SCA (United Arab Emirates), XM offers a secure and regulated trading environment.
The broker ensures high-speed order execution without requotes, with 99.35% of trades executed almost instantly. Leverage is up to 1:1000 in some non-EU countries, while strict European compliance applies in other regions, and spreads start from 0.8 pips.
XM runs multiple bonus programs, adapts trading conditions to each client’s country, and provides negative balance protection. Accounts are available for traders of any level and strategy, and for passive income, the broker offers a copy trading platform for investors as well as experienced traders willing to share their strategies.
👍 Advantages of trading with XM for traders from Singapore:
•Regulation in six jurisdictions;
•Accounts designed for different strategies and levels of trader experience;
•Minimum deposit of $5;
•Various bonuses, trading competitions, and an affiliate program;
•100% order execution;
•No markup on tight market spreads;
•Access to more than 1,400 instruments;
•No deposit or withdrawal fees;
•24/7 multilingual support in over 30 languages.
👎 Disadvantages of XM for traders from Singapore:
•The support service operates 24/5.
•A small number of analytical tools.
•Copy trading and stock trading accounts are not available in all countries.
2
Pepperstone - Best for swap-free trading in Singapore
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. The founders therefore focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help traders not only master the fine art of trading, but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven regulatory authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA, SCB (SIA-F217), and CySec (388/20). Moreover, with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking institutions.
👍 Advantages of trading with Pepperstone for traders from Singapore:
•Attractive trading conditions.
•Fast order execution - 30 ms on average.
•1,200+ trading instruments.
•Low fees.
•No inactivity fee.
•Support service works only 24/7.
👎 Disadvantages of Pepperstone for traders from Singapore:
•No cent account.
•Not available to US clients.
•Limited passive trading opportunities.
•Limited analytical materials available on the site.
•No news section.
•Demo accounts can trade for free for 60 days.
3
RoboForex - Best for swap-free trading in Singapore
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the Copy Trading service, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex partners earn from: spreads on closed positions: up to 85%, equal to $10 partner payout per lot on instruments such as EURUSD and XAUUSD; swaps on open positions: 30% of the swap value—a unique feature rarely offered in partner programs, enabling earnings from clients who maintain longer-term trades. RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
👍 Advantages of trading with RoboForex for traders from Singapore:
•Availability of favorable trading conditions and a minimum deposit.
•Unique Copy Trading service.
•Highest affiliate payments: up to 84% of the fee paid by the referral.
•"Withdrawal without Commission" program.
•Market launch - STP and ECN.
•Instant withdrawal of funds.
•Minimum deposit - $10.
👎 Disadvantages of RoboForex for traders from Singapore:
•Third-level regulation.
•A small number of currency pairs - 28, for accounts: Pro, Pro-Cent, ECN.
•The broker is not available in the European Union.
4
NPB Markets - Best for swap-free trading in Singapore
NPB Markets is a long-standing broker offering competitive spreads from 0.0 pips (Zero and Zero Cent accounts) and leverage up to 1:2000. Traders can access various markets, including Forex, cryptocurrencies, oil, stocks, and indices. Account types range from the beginner-friendly Master account to more advanced options such as Expert and VIP accounts. NPB Markets is known for its high order execution speed (50-70 ms), making it suitable for scalping and high-frequency trading. Moreover, the broker explicitly states that such approaches are welcome. However, clients should note that the only trading platform available is MetaTrader 4. NPB Markets does not have licenses from major regulators, but the broker is a member of the Financial Commission, which provides a certain level of deposit insurance and dispute resolution.
👍 Advantages of trading with NPB Markets for traders from Singapore:
•Best market prices, backed by the liquidity of Tier 1 banks and ECN systems.
•Membership in the Financial Commission.
•Social trading on the NPBInvest service.
•Analytical portal with trading signals and strategies.
•Loyal trading conditions.
•Scalping, hedging/locking, algorithmic high-frequency trading on all account types.
👎 Disadvantages of NPB Markets for traders from Singapore:
•There are no regulatory licenses.
•One trading platform - MT4.
•Some currency pairs.
5
Gerchik & Co - Best for swap-free trading in Singapore
Gerchik & Co was founded in 2015 by Ukrainian traders Oleksandr Gerchik and Ivan Kroshny and began operations in July of that year. Initially, it focused on the Commonwealth of Independent States (CIS, a Post-Soviet Union regional intergovernmental organization consisting of 9 countries in Eurasia) before expanding to the European level.
In November 2015, Gerchik&Co was recognized as the "Fastest Growing Broker" by the Mena 15th Forex Show. Based on the results of an independent vote by Russian Trading Day Money, the company received the "Breakthrough of the Year" award in December 2015, and Oleksandr Gerchik obtained the title of "Best Speaker" in the same month. To protect its clients' interests, the company also cooperates with the Traders Union and the International Financial Commission.
👍 Advantages of trading with Gerchik & Co for traders from Singapore:
•more than 870 trading instruments;
•permission to use expert advisors and other tools for technical analysis and trade automation;
•high order execution and market operation speed, achieved through collaboration with 15 liquidity providers.
👎 Disadvantages of Gerchik & Co for traders from Singapore:
•MetaTrader 4 and MetaTrader 5 trading platforms;
•no apps for mobile trading, only the mobile version of the website is available.
•many quotes provided by the broker are inaccurate;
•strict user conditions in the Terms of Agreement;
•trading on weekends is not possible.
TOP 5 Comparison
This table makes it easy to compare the best forex brokers for swap-free trading in Singapore for 2026 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| XM | Pepperstone | RoboForex | NPB Markets | Gerchik & Co | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT4, Mobile Trading, WebTrader, cTrader, MT5, TradingView |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
MT4 |
MetaTrader4, MetaTrader5 |
|
Min deposit |
$5 |
$1 |
$10 |
$10 |
$10 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:200 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
Yes |
|
Accrual of % on the balance |
No |
No |
10.00% |
No |
No |
|
Spread |
From 0.8 points |
From 0 points |
From 0 points |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Instant Execution |
Market Execution, Instant Execution |
Instant Execution, Market Execution |
Market Execution |
|
No deposit bonus |
$30 |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
Yes |
Yes |
No |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
XM Commissions and Fees
Traders Union analysts have analyzed the main and additional commissions for each XM Broker account. There are no additional commissions on all accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Ultra Low |
From 6 USD |
No |
|
Zero |
From 0 USD |
No |
Pepperstone Commissions and Fees
Pepperstone’s commissions and fee structure has been reviewed by our professional analysts for trading and non-trading commissions. The company's spread was considered as a trading commission. Our professional analysts also categorized additional fees charged for withdrawing funds as non-trading commission additional fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Razor |
From $0 |
No |
|
Standard |
From $1 |
No |
RoboForex Commissions and Fees
Our experts have checked this company for trading and non-trading commissions. In the trading commission category, the broker's spread was considered, and as a non-trading commission, it charges an additional fee for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Pro |
$13 |
No |
|
Pro-Cent |
$13 |
No |
|
ECN |
$3 |
No |
|
Prime |
$1 |
No |
NPB Markets Commissions and Fees
TU experts analyzed trading conditions of the broker . The results are as follows:
1. Declared spreads depend on the asset type. For example, if the declared spread on the Master account is from 0.8 pips, for non-major currency pairs it is over 1.6 pips. The exact spread can be found in the specification only.
2. On the Zero account with zero spreads the declared fee of $8 is for currency pairs only. On other assets it can exceed $15-$20.
3. Deposit fee is charged for bank transfers. The 0% withdrawal fee applies only to the first transaction.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Master |
from $8 |
Yes |
|
Expert |
from $6 |
Yes |
|
VIP |
from $4 |
Yes |
Gerchik & Co Commissions and Fees
Gerchik&Co was examined by experts at the Traders Union for the presence of trading and non-trading fees. The trading fee is the spread set by the broker, and the non-trading fee is an additional fee for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Zero |
from $10 |
No |
|
Premium |
from $0 |
No |
Summary
Many brokers are available for traders from Singapore, but not all of them offer good conditions. In this review, TU experts chose the Best forex brokers for swap-free trading in Singapore 2026. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Forex Brokers For Swap-Free Trading in Singapore
| XM | Pepperstone | RoboForex | NPB Markets | Gerchik & Co | |
|---|---|---|---|---|---|
|
Overall score |
9.35 |
9.3 |
9.15 |
8.55 |
7.78 |
|
Execution of orders |
9.35 |
9.15 |
8.95 |
8.55 |
7.21 |
|
Investment instruments |
10 |
10 |
4.7 |
4.7 |
4.9 |
|
Withdrawal speed |
7 |
7 |
8 |
6 |
6 |
|
Customer Support work |
9.6 |
7 |
9.6 |
9.5 |
7.1 |
|
Variety of instruments |
8.02 |
6.32 |
9.2 |
5.12 |
7.06 |
|
Trading platform |
8.9 |
7.3 |
9.2 |
6.6 |
7.2 |
|
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FAQ
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Best Forex Brokers For Swap-Free Trading by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
