Quick Verdict — Singapore Traders
Best Overall
Exness
Higher overall score & more features
Best Spreads
Tickmill
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Singapore Muslims
Best for Beginners
Exness
Better education & support
Head-to-head comparison
Singapore is one of Asia’s most sophisticated forex trading hubs, and choosing the right broker matters more than ever in 2026. Exness and Tickmill are both MAS-regulated brokers with strong local appeal, but they cater to different trader profiles. Exness scores 4.8/5 and is known for its instant withdrawals, flexible leverage up to 1:2000, and deep liquidity for high-volume traders. Tickmill, with a 4/5 rating, focuses on low-cost ECN trading with razor-thin spreads and a transparent commission model. Both accept SGD deposits via PayNow, bank transfer, and credit card, making them accessible to Singaporean traders. This comparison dives into trading costs, platforms, regulation, and local payment methods to help you decide which broker aligns with your trading style in Singapore’s fast-paced financial environment.
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Overall Scores Comparison

Exness
FCA · CySEC · ASIC
3.5
CompareBroker score
Winner
VS

Tickmill
FCA · CySEC · FSCA
3.3
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | Exness | Tickmill | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Tickmill |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Tickmill |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Tickmill |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Tickmill |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $10 | $100 | Exness |
For Singapore traders, trading costs can make or break profitability. Exness offers raw spreads from 0.0 pips on its Zero account with a commission of $3.5 per lot per side, while Tickmill’s ECN account starts at 0.0 pips with a lower commission of $3 per lot per side. On a standard account, Exness has spreads from 0.3 pips with no commission, whereas Tickmill’s Classic account offers spreads from 1.6 pips. For a trader executing 50 lots per month, Tickmill saves roughly $50 in commissions compared to Exness. However, Exness provides unlimited leverage, which can amplify returns for experienced Singapore traders who manage risk carefully.
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Account Types Comparison
| Account Type | Exness | Tickmill |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $10 | $100 |
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Leverage Comparison - Singapore Traders
| Entity / Asset | Exness | Tickmill |
|---|
| Singapore (offshore) | Up to 1:2 | Up to 1:500 |
| Forex major pairs | 1:2 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Singapore Traders
Traders in Singapore typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | Exness | Tickmill | Winner |
|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | ✗ | Exness |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
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Execution Quality - Speed & Slippage
| Factor | Exness | Tickmill | Winner |
|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Exness boasts an average execution speed of under 30 milliseconds with 99.9% order fill rates, thanks to its deep liquidity pool and multiple data centers. Tickmill also offers fast execution (under 40 milliseconds) with a focus on ECN pricing and no requotes. For Singapore traders who scalp or trade during high-impact news events, Exness’s slightly faster execution and lower slippage provide a small advantage, while Tickmill’s consistent ECN execution suits algorithmic traders.
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Regulation & Safety for Singapore Traders
| Safety Factor | Exness | Tickmill |
|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is critical for Singapore traders, and both brokers are licensed by the Monetary Authority of Singapore (MAS). Exness (SG) Pte Ltd holds a Capital Markets Services (CMS) license, while Tickmill Asia Ltd is also MAS-regulated. This means both adhere to strict client fund segregation, negative balance protection, and regular audits. For Singapore traders, this provides confidence that funds are safe and disputes can be handled locally. Exness additionally holds licenses from the FCA and CySEC, while Tickmill is regulated by the FCA and FSA (Seychelles) for non-Singapore entities, but your local MAS entity is the one that matters.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Singapore traders may differ by entity.
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Deposits & Withdrawals for Singapore
| Payment Method | Exness | Tickmill |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Singapore traders have several convenient funding options with both brokers. Exness supports instant deposits via PayNow (SGD), local bank transfers (SGD), and credit/debit cards. Withdrawals are processed instantly via PayNow, making it ideal for active traders. Tickmill also accepts PayNow, bank transfers, and credit cards, but bank transfer withdrawals take 1-2 business days. Credit card deposits are free at both brokers, but Exness charges a small fee for certain withdrawal methods. For high-volume traders, Exness’s instant withdrawal system is a standout feature, while Tickmill’s no-fee bank transfers appeal to those who prefer traditional banking. Both brokers allow deposits in SGD, avoiding conversion fees.
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Islamic Accounts - Swap-Free for Singapore Muslims
| Islamic Account Feature | Exness | Tickmill |
|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Muslim traders in Singapore seeking Sharia-compliant accounts will find both brokers accommodating. Exness offers swap-free Islamic accounts on all account types with no time limit or additional fees, making it a strong choice for long-term holding. Tickmill provides Islamic accounts upon request, but they may apply a small administrative fee after 30 days of holding a position. Both require a declaration of Muslim faith or supporting documentation. For Singapore traders who trade frequently and hold positions overnight, Exness’s unlimited swap-free policy is more attractive, while Tickmill’s fee after 30 days may suit shorter-term strategies.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | Exness | Tickmill | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✓ | ✗ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Customer support is available 24/7 for both brokers, with English-speaking teams accessible via live chat, email, and phone. Exness offers dedicated support for Singapore traders through a local phone line and WhatsApp, while Tickmill provides 24/5 support with slightly slower response times on weekends. For urgent issues like withdrawal delays, Exness’s instant response via live chat is faster. Both brokers have comprehensive FAQ sections on their websites tailored to Singapore clients.
| Mobile Feature | Exness | Tickmill | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Exness |
| Google Play rating | 4.3 stars | 4.2 stars | Exness |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | Exness | Tickmill | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
Exness
Pros
+Top-tier regulated
+Islamic swap-free account
+24/7 customer support
Cons
-No TradingView
Tickmill
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Singapore Guide
Choose Exness if you...
- Trade high volumes and need instant withdrawals via PayNow
- Want flexible leverage up to 1:2000 for capital efficiency
- Prefer a broker with a higher overall rating (4.8/5) and broader global recognition
- Need swap-free Islamic accounts with no time limits
Choose Tickmill if you...
- Focus on low-cost ECN trading with spreads from 0.0 pips and low commissions
- Are a scalper or day trader who prioritizes raw spread costs over leverage
- Prefer a no-frills MT4/MT5 experience with free VPS hosting
- Want a broker with strong FCA and MAS regulation for added trust
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FAQ - Exness vs Tickmill in Singapore
Is Exness or Tickmill better for Singapore?
+Can Singapore traders use both brokers legally?
+Which broker has lower spreads for Singapore traders?
+How do Singapore traders deposit at Exness and Tickmill?
+Do both brokers offer Islamic accounts for Singapore?
+Final Verdict - Singapore 2026
Exness wins overall
For Singapore traders, both Exness and Tickmill are excellent MAS-regulated choices, but the best fit depends on your trading style. Exness wins on convenience with instant PayNow withdrawals, higher overall score (4.8/5), and unlimited leverage—ideal for active traders and those who value speed. Tickmill excels in raw spread costs and commission transparency, making it a top pick for cost-conscious scalpers. If you trade high volumes and need fast access to funds, Exness is superior. If you prioritize the lowest possible trading costs and use ECN accounts, Tickmill is the better option. Both support SGD deposits via PayNow, bank transfer, and credit card, so the final decision comes down to your specific trading needs.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.