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Eightcap in Singapore: Is it Available and Legit?

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Eightcap isn't available in US
Eightcap REVIEW

As of July 2026, Eightcap is available to traders and investors in Singapore. This accessibility confirms the broker's authorization to operate within Singapore and its compliance with the necessary regulatory requirements.

Essential details of Eightcap services in Singapore

Chief Analytics Officer

Eightcap is accessible to traders and investors in Singapore. Key highlights include:

  • Singapore residents can open an account with Eightcap
  • Eightcap has earned an overall rating of 8.4/10 points according to our methodology.
  • Eightcap received 10/10 points for regulation and safety.
  • For more detailed information, see our comprehensive Eightcap review.

Is Eightcap a regulated broker? Is it safe?

Eightcap is a regulated Forex broker operating under the supervision of the following regulatory authorities:

Eightcap regulation review
ASIC ASIC ASIC regulates financial services, markets, and securities, enforcing laws to protect Australian consumers, investors, and creditors. It is stringent in its operations, with a focus on transparency and fairness in financial products and services.
Full Name Australian Securities and Investments Commission Country Australia Protection Fund No specific fund but has stringent consumer protection Regulation level Tier-1
CySec CySec CySec regulates investment firms, brokers, and their transactions in securities and derivatives on the Cyprus Stock Exchange. It imposes strict operational conditions, regular audits, and financial compliance.
Full Name Cyprus Securities and Exchange Commission Country Cyprus Protection Fund Up to €20,000 Regulation level Tier-1
FCA UK FCA UK The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the UK. Known for its stringent requirements, it covers a wide range of activities from mortgages to financial advice, ensuring high standards of behavior.
Full Name Financial Conduct Authority Country United Kingdom Protection Fund Up to £85,000 Regulation level Tier-1
SCB SCB The SCB regulates securities and capital markets in The Bahamas, focusing on transparency, accountability, and protection of the investing public.
Full Name Securities Commission of The Bahamas Country Bahamas Protection Fund No specific fund Regulation level Tier-2

Is Eightcap safe to use in Singapore?

A broker’s security is largely defined by its regulatory status. Eightcap is supervised by a Tier-1 authority, which is considered the highest level of oversight in the financial industry. Such brokers must comply with strict requirements on capital, transparency, and client fund protection. In addition, the presence of an Investor Compensation Fund and a proven track record in financial markets further strengthen trust. According to our methodology, Eightcap received a Regulation and safety score of 10/10, placing it among the most secure brokers.

Is Forex trading allowed in Singapore? Is Forex taxable in Singapore?

  • Licensing in Singapore

    Forex trading in Singapore is overseen and regulated by the Monetary Authority of Singapore (MAS), the country's central bank and financial regulatory authority. The MAS plays a crucial role in maintaining the stability and integrity of the financial system, including the Forex market. Through comprehensive regulatory frameworks and ongoing supervision, the MAS aims to ensure that Forex trading activities in Singapore adhere to high standards of professionalism, transparency, and ethical conduct.

  • Investor protection in Singapore

    The regulatory framework established by the MAS in Singapore prioritizes investor protection by fostering transparency, accountability, and fair practices within the Forex market. By enforcing regulations that govern broker-dealer relationships, trade execution, and financial disclosure, the MAS aims to safeguard the interests of investors and promote confidence in the integrity of the financial markets. Additionally, the MAS offers investor education initiatives to empower individuals with the knowledge and skills needed to make informed investment decisions.

  • Taxation in Singapore

    One of the key attractions of Forex trading in Singapore is the absence of capital gains tax on profits derived from trading activities. This favorable tax treatment makes Singapore a highly attractive destination for Forex traders seeking to maximize their returns. However, it is essential for traders to be aware of other taxes that may apply to their trading activities, such as income tax or Goods and Services Tax (GST). By understanding the tax implications of their trading endeavors, traders can ensure compliance with Singapore's tax laws and optimize their financial outcomes.

Eightcap vs other regulated brokers in Singapore

To provide a clear understanding of available options for traders in Singapore, Traders Union compared Eightcap trading conditions with those of other regulated brokers accepting clients in the region.

Regulation ASIC, SCB, CySEC, FCA FSC, FSCA, ASIC, FSA SVG CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius), SCA (United Arab Emirates), CMA (Kenya)
Minimum deposit $100 $50 $5
Currency pairs 40 34 57
Floating spread EUR/USD, min pips 0.4 0.6 0.7
Floating spread EUR/USD, max pips 1.5 0.8 1.2
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Why trust us


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  • 140+ evaluation criteria, reviewed by 50+ experts

  • Data-driven reviews of 200+ platforms, updated regularly

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Learn more about our methodology and editorial policies.

Expert Advice

Anton Kharitonov
Chief Analytics Officer
  • Based on my observations, understanding the restrictions imposed by different regulatory bodies is crucial for international traders. For instance, US-based traders face strict leverage limits imposed by the CFTC, which may not align with the strategies of traders in Europe or Asia, where higher leverage is permitted under regulators like CySEC or ASIC. Before selecting a broker, carefully consider how these regulatory differences could impact your trading style.

Editors' Top Picks and Insights

Team that worked on the article

Andrey Mastykin
Head of Company Reviews and Ratings

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.

Dan Blystone
Senior English Editor

Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.

Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.