Which forex broker offers SGD-denominated accounts?
Verdict
- Pepperstone offers SGD-denominated accounts: SGD is one of ten base currencies on its international entity, for both the Razor and Standard accounts.
- In an SGD Razor account, forex commission is charged in Singapore dollars at SGD 4.55 per side per lot.
- XS, which accepts Singapore residents, lists only USD, EUR and JPY base currencies; Capital.com does not accept Singapore residents.
- Pepperstone's international entity is Pepperstone Markets Limited (SCB Bahamas, SIA-F217), which holds no MAS licence.
An SGD account keeps your balance, profits, losses and fees in the currency you live in. Pepperstone is the one broker in our data that offers it to Singapore residents, which is why it is our answer here.
Pepperstone's SGD account in practice
Pepperstone Markets Limited lists ten base currencies: USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD and HKD. Choose SGD when you open the account; the same Razor and Standard pricing applies. On Razor, commission is SGD 4.55 per side per standard lot on forex; on Standard there is no commission and EUR/USD averages 1.1 pips.
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What an SGD account changes, and what it doesn't
- Your profit and loss on a pair like EUR/USD is earned in US dollars and converted into SGD for your balance; the account currency does not remove currency exposure in the trade itself.
- Deposits from a Singapore bank in SGD avoid an extra conversion step that a USD account would need.
- Your margin is shown in SGD, which makes it easier to see how much of your money is at risk.
- Spreads are identical; only the commission currency changes on Razor.
Base currencies across our brokers
| Broker | SGD account | Other base currencies |
|---|---|---|
| Pepperstone | Yes | USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, HKD |
| XS | No | USD, EUR, JPY |
| Capital.com | Not available: does not accept Singapore residents | - |
Funding an SGD account
Pepperstone's international deposit table lists cards, Apple Pay, Google Pay, PayPal, Neteller, Skrill, crypto and domestic bank transfer, all free. It does not mention PayNow or FAST, so check with Pepperstone which bank route reaches your SGD account and whether your bank charges for it. Withdrawals go back to the source you paid from; international wires carry a USD 20 fee on the international costs page.
MAS-licensed brokers and SGD
Firms with a Singapore company, such as IG Asia, Saxo, CMC Markets Singapore or OANDA, may offer SGD accounts too, but their base-currency lists are not in our fact set. Ask them directly if a MAS licence matters as much to you as the account currency.
Sources
Base-currency and funding pages.
Can I change my Pepperstone account currency to SGD later?
Our data does not cover switching. Ask Pepperstone whether you can open an additional SGD account instead of converting an existing one.
Does Pepperstone accept PayNow?
PayNow is not among the deposit methods Pepperstone publishes on its international site.
Is SGD available on both Razor and Standard?
Yes. The base-currency list applies to both account types.
CFDs and leveraged forex are high-risk products, and you can lose money rapidly whatever your account currency. This page is information only, not investment advice.