MT4 Broker Singapore: Compare the Best Brokers for MetaTrader in SG
Written by Akash Khanna
Edited by Samuel Black
Fact-checked by Lisa Khan
Last Updated – 19 July 2025
If you’re diving into the world of forex trading in Singapore, chances are you’ve heard the term “MT4” thrown around more times than kopi orders at your local hawker. MetaTrader 4 (or MT4) remains one of the most popular trading platforms globally — and for good reason.
In this guide, we’re spilling the kopi-O on everything you need to know about choosing an MT4 broker in Singapore, including which brokers are top-tier (hint: HFM, FBS, Tickmill), what features to look for, and how to make the most of MetaTrader Singapore style.
Let’s get started.
- What Is MT4 and Why Does It Matter for Singapore Forex Traders?
- Top 3 MT4 Brokers in Singapore for 2025
- Why Choose an MT4 Broker in Singapore?
- MT4 vs MT5 – Which Is Better for Singapore Forex Trading?
- How to Choose the Right MetaTrader Broker Singapore Style
- HFM Singapore – Full Review for MT4 Traders
- FBS Singapore – A Budget-Friendly MT4 Option
- Tickmill Singapore – For Serious Traders Only
- MT4 Forex Account Types Comparison – MT4 Brokers in Singapore
- MetaTrader Singapore Tools to Level Up Your Game
- MT4 Singapore Trading Tips for 2025
- Singapore Forex Trading Legal and Tax Considerations
- Mobile MT4 Apps for Traders in Singapore
- MetaTrader Singapore VPS Comparison
- MT4 Singapore Brokers in 2025
- Frequently Asked Questions (FAQ)
What Is MT4 and Why Does It Matter for Singapore Forex Traders?
MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes, and it has become a staple for retail forex traders. It’s like the nasi lemak of trading platforms — a classic that still satisfies.
Why MT4 Still Matters in 2025:
| Feature | Why It’s Important |
|---|---|
| User-friendly Interface | Great for beginners & pros alike |
| Custom Indicators | Allows personalized strategies |
| EA Support | Automate trades with Expert Advisors |
| Mobile/Desktop Access | Trade on-the-go or from your home setup |
| Secure and Fast | Reliable execution with tight spreads |
Whether you’re trading during lunch at Amoy Street Food Centre or monitoring your EA overnight in Yishun, MT4 Singapore setups let you stay in control.
Top 3 MT4 Brokers in Singapore for 2025
Let’s cut to the chase — here are the three brokers that truly stand out for Singapore-based traders using MT4.
⚡ HFM (formerly HotForex)
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Regulated by: FSC Mauritius, CySEC, CMA
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Platforms: MT4, MT5
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Minimum Deposit: USD $5
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Key Perks: Low spreads, fast execution, free VPS
🌟 FBS
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Regulated by: IFSC, ASIC, CySEC
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Platforms: MT4, MT5, FBS Trader
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Minimum Deposit: USD $1
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Key Perks: Cent accounts, copy trading, great for beginners
💼 Tickmill
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Regulated by: FCA, CySEC, FSA
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Platforms: MT4 only
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Minimum Deposit: USD $100
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Key Perks: Pro spreads, scalping allowed, low commission
Why Choose an MT4 Broker in Singapore?
Singapore’s financial scene is globally respected. MAS (Monetary Authority of Singapore) plays strict kopi-c police — keeping rogue brokers in check. Here’s why it matters:
Key Reasons to Choose an MT4 Broker in Singapore:
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🏦 Tighter financial regulations – Higher trust
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💻 Fast server connections – Lower latency for trades
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💬 Localised support – No need to explain to customer service what is “lah”
MT4 vs MT5 – Which Is Better for Singapore Forex Trading?
Still deciding between MT4 and MT5? Don’t worry, this kopi-break-sized comparison has you covered.
| Feature | MT4 Singapore | MT5 Singapore |
|---|---|---|
| Instruments | Forex, CFDs | Forex, CFDs, Stocks, Futures |
| Speed | Fast | Faster |
| EAs | Supported | Supported (different code) |
| Hedging | ✅ Yes | ✅ Yes |
| Interface | Simpler | More advanced |
| Best For | Forex traders | Multi-asset traders |
📢 Verdict: For pure forex trading in Singapore, MT4 is still king in 2025.
How to Choose the Right MetaTrader Broker Singapore Style
Before you jump in, here’s what to consider when choosing the best MT4 broker in Singapore.
🧾 Broker Checklist:
| Criteria | Why It Matters |
|---|---|
| Regulation | Trust & security |
| Execution speed | Avoid slippage & requotes |
| Spreads & fees | Lower costs = more profits |
| Account types | Flexibility for all budgets |
| Support | In case something cock up |
| Platform stability | No lag, no rage |
HFM Singapore – Full Review for MT4 Traders
HFM (HotForex) is a well-known MT4 broker that’s as steady as the MRT (on a good day).
✅ HFM MT4 Strengths:
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Tight spreads from 0.0 pips
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Great range of account types (Micro, Zero, Premium)
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Free VPS for algorithmic traders
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Strong mobile trading app for Android & iOS
💡 Ideal For:
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Beginners and intermediate traders
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EA/Algo traders (thanks to free VPS and execution speed)
FBS Singapore – A Budget-Friendly MT4 Option
FBS wins hearts with its low deposit requirement and beginner-friendly vibes.
✅ FBS MT4 Highlights:
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Start with just USD $1
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Cent account to trade micro-lots
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Copy trading available
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Regular promotions like deposit bonuses
🧑🎓 Who It’s Best For:
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Newbies
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Those testing out EAs or small-scale strategies
Tickmill Singapore – For Serious Traders Only
Tickmill isn’t here to play. It’s the “Raffles Institution” of MT4 brokers — disciplined, fast, and straight-A on execution.
✅ Tickmill MT4 Features:
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ECN-style accounts with ultra-low spreads
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Scalping, hedging, and algo trading welcome
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Commission from just $2 per side
🧠 Perfect For:
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Day traders, scalpers, and those who count every pip
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Traders who want razor-thin costs and tight spreads
MT4 Forex Account Types Comparison – MT4 Brokers in Singapore
Here’s a quick look at the account types offered by our three featured brokers.
| Broker | Account Type | Min Deposit | Spread From | Commission | Leverage |
|---|---|---|---|---|---|
| HFM | Micro | $5 | 1.0 pip | No | 1:1000 |
| Zero | $200 | 0.0 pip | Yes | 1:500 | |
| FBS | Cent | $1 | From 1 pip | No | 1:1000 |
| Standard | $100 | From 0.5 pip | No | 1:500 | |
| Tickmill | Pro | $100 | 0.0 pip | Yes | 1:500 |
MetaTrader Singapore Tools to Level Up Your Game
When trading on MT4 in Singapore, you can get an edge with these bonus tools.
🔧 Top Add-ons for MT4 Singapore:
| Tool/Plugin | What It Does |
|---|---|
| Autochartist | Pattern recognition |
| Trading Central | Market insights |
| VPS Hosting | Keeps EAs running 24/7 |
| Custom Indicators | RSI tweaks, support/resistance zones |
These tools are offered by brokers like HFM and Tickmill, often at no cost when you sign up below.
MT4 Singapore Trading Tips for 2025
Even the best platform needs a good pilot. Here’s how to fly your MT4 setup like a pro in SG.
📋 Top Tips:
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Always demo first – No shame in testing
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Don’t over-leverage – This isn’t a 4D ticket
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Stick to a strategy – Plan your trades, trade your plan
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Use alerts & risk controls – Don’t trade while MRT-ing
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Track your trades – Learn from your winners and losers
Singapore Forex Trading Legal and Tax Considerations
Singapore has one of the most robust financial frameworks globally — and forex trading isn’t illegal. But:
| Item | Description |
|---|---|
| MAS Regulation | Brokers offering to Singaporeans must comply with strict licensing or operate offshore |
| Personal Income Tax | Generally not taxed unless trading is full-time profession |
| Withholding Tax | Not applicable for forex gains |
⚠️ Always consult a licensed tax advisor if unsure.
Mobile MT4 Apps for Traders in Singapore
Whether you’re in a hawker centre or on Sentosa beach, these MT4 mobile apps keep you in control.
| Broker | Mobile App Features |
|---|---|
| HFM | iOS/Android, charts, trading, account management |
| FBS | FBS Trader + MT4 app |
| Tickmill | MT4 only, but well-optimized |
Pro tip: Pair your MT4 app with a VPN for extra data security.
MetaTrader Singapore VPS Comparison
If you run EAs or trade 24/5, you’ll need a VPS that won’t give up during power naps.
| Broker | Free VPS? | Requirements | Reliability |
|---|---|---|---|
| HFM | Yes | $5000 balance or 5 lots/month | ⭐⭐⭐⭐⭐ |
| Tickmill | Yes | 2 lots/month trading volume | ⭐⭐⭐⭐ |
| FBS | No | External VPS needed | ⭐⭐⭐ |
MT4 Singapore Brokers in 2025
For Singaporeans venturing into forex, MT4 remains the undisputed champion. Whether you want to scalp EUR/USD, swing trade gold, or experiment with EAs, the brokers above — HFM, FBS, and Tickmill — offer solid options tailored for our region.
Just remember: No matter how good your broker is, always trade with a plan, use a stop loss, and don’t anyhow chase the market like you chase durian sales at Geylang.
Frequently Asked Questions (FAQ)
❓ What is the best MT4 broker in Singapore?
It depends on your needs. For low spreads and algo trading, Tickmill. For beginners, FBS. For a balanced option, HFM.
❓ Is MT4 still supported in Singapore?
Yes. MT4 remains widely supported and is a top choice among forex brokers in Singapore.
❓ Can I use MT4 on my phone in Singapore?
Absolutely. All the major brokers (HFM, FBS, Tickmill) offer mobile MT4 apps for Android and iOS.
❓ Do I need to pay tax on my forex profits in Singapore?
Forex trading profits are generally tax-free if it’s not your main income source. Check with IRAS or a tax advisor to be sure.
❓ Is MetaTrader safe to use?
Yes, MT4 is secure and encrypted. Always choose one of our recommended forex brokers in Singapore to ensure extra safety of your funds.
❓ MT4 vs MT5 — which one should I use in Singapore?
If you’re only trading forex and prefer a simpler platform, MT4 is ideal. If you’re exploring stocks and CFDs too, MT5 may be better.