FP Markets in Singapore: Is it Available and Legit?
As of June 2026, FP Markets 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 FP Markets services in Singapore
FP Markets is accessible to traders and investors in Singapore. Key highlights include:
- Singapore residents can open an account with FP Markets
- FP Markets has earned an overall rating of 7.02/10 points according to our methodology.
- FP Markets received 10/10 points for regulation and safety.
- For more detailed information, see our comprehensive FP Markets review.
Is FP Markets a regulated broker? Is it safe?
FP Markets is a regulated Forex broker operating under the supervision of the following regulatory authorities:
| Regulator | Full Name | Country | Protection Fund | Regulation level |
|---|---|---|---|---|
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Full Name Australian Securities and Investments Commission | Country Australia | Protection Fund No specific fund but has stringent consumer protection | Regulation level Tier-1 |
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Full Name Cyprus Securities and Exchange Commission | Country Cyprus | Protection Fund Up to €20,000 | Regulation level Tier-1 |
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Full Name Financial Services Authority of Seychelles | Country Seychelles | Protection Fund No specific fund | Regulation level Tier-3 |
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Full Name Financial Services Commission of Mauritius | Country Mauritius | Protection Fund No specific fund | Regulation level Tier-3 |
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Full Name Financial Sector Conduct Authority of South Africa | Country South Africa | Protection Fund No specific fund | Regulation level Tier-2 |
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Full Name Mwali International Services Authority | Country The Comoros | Protection Fund No specific fund | Regulation level Tier-3 |
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Full Name Financial Services Authority of St. Vincent and the Grenadines | Country St. Vincent and the Grenadines | Protection Fund No specific fund | Regulation level Tier-3 |
Is FP Markets safe to use in Singapore?
A broker’s security is largely defined by its regulatory status. FP Markets 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, FP Markets 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?
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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.
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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.
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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.
FP Markets vs other regulated brokers in Singapore
To provide a clear understanding of available options for traders in Singapore, Traders Union compared FP Markets trading conditions with those of other regulated brokers accepting clients in the region.
| FP Markets | IUX | XM | ||
|---|---|---|---|---|
| Regulation | CySec, ASIC, FSCA SA, FSC, FSA, SVG FSA, MISA | 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 | 60 | 34 | 57 | |
| Floating spread EUR/USD, min pips | 0.5 | 0.6 | 0.7 | |
| Floating spread EUR/USD, max pips | 1.1 | 0.8 | 1.2 | |
| Go to broker |
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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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK.