How to become a foreign exchange broker

Official title: Foreign exchange broker

Also called: Money broker, Ÿ Money broker

Foreign exchange broker buys and sells foreign currencies on behalf of his/her clients on a commission basis. He/she executes trading activities as per clients’ instructions. He/she also undertakes technical analysis of economic information, such as market liquidity and volatility, to predict the future rates of currencies on the foreign exchange market.

Main tasks

• Obtaining information about the financial circumstances of customers and companies in which investments may be made
• Analysing market trends for securities, bonds, stocks and other financial instruments, including foreign exchange
• Informing prospective customers about market conditions and prospects
• Recording and transmitting buy and sell orders for securities, stocks, bonds or other financial instruments and for foreign exchange for future or immediate delivery

Ways in

• University: Business & Commerce degrees, Offered by 6 universities in Singapore

Pay · Outlook · AI and this job

• Median pay: $237,000 a year. The middle half earn $180,120 to $327,192 a year.
• Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.

Related jobs

• Securities/Finance broker
• Financial derivatives broker
• Commodities/Freight derivatives broker

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Questions people ask

How do I become a foreign exchange broker?

Ways in include: Business & Commerce degrees.

How much does a foreign exchange broker earn in Singapore?

Median full-time pay is $237,000 a year (Ministry of Manpower (via data.gov.sg)). The middle half earn $180,120 to $327,192.

Will AI change the work of a foreign exchange broker?

Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.

Sources

• Ministry of Manpower (via data.gov.sg): Resident Occupational Wages (Occupational Wage Survey) (June 2024 (data.gov.sg update 2026-04-01)), Singapore Open Data Licence v1.0, retrieved 4 October 2026
• International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026

Updated 4 October 2026