Top Singapore Brokers for 2022

We found 11 online brokers that are appropriate for Trading Singapore.

Best Singapore Brokers Guide

Updated August 11, 2022

Singapore Financial Markets

Singapore Brokers

Trading the financial markets in Singapore is easily accessible with the multitude of brokers based in Singapore.

When researching for a broker in Singapore check whether they have MAS supervision, which means those brokers are regulated by the Monetary Authority of Singapore.

MAS provides guidelines as well to insurance companies and financial institutions. It poses as a central bank in terms of managing and supervising fluctuations in exchange rates. So, all the Singapore brokers, irrespective of being Forex brokers or CFD brokers, are required to be authorized by the MAS.

How Financial Trading Platforms Operate In Singapore

Singapore Brokers make money by charging their clients a very low commission rate. So, without further ado, let’s get started! Your Singapore broker will handle all the technical details when a trade requires to be made and executed trade on your behalf. This means that you do not have to take time off your office or any other business setup. You will not have to worry about the commission as Singapore brokers usually charge less than half of the other trading houses.

Singapore is well known for its capitalistic culture where individuals strive to excel in every aspect of life including business. This is also one of the reasons why many US investors prefer to open their businesses in Singapore. Singapore is a great place to start your business because it has a favourable tax and legal environment. There are no business barriers when it comes to Singapore and many US investors are already starting their businesses in Singapore because Singapore Brokers can help them achieve their goals and objectives.

Singapore is well known for its currency strength and this fact makes it a perfect location for trading. Singapore brokers are experts in the Forex market, and this is why most of them are experienced in trading. The number of traders that are trying to make money in Forex with the help of Singaporean Singapore currency is increasing every day. Investors from all around the world use Singaporean currency to trade because it is stronger than others and it is worth the trade.

Traders and investors who are looking forward to making money in trading can try their hands on online Singapore trading because of the high availability of internet resources at their disposal. They can access information and learn how to trade with ease in the comfort of their home. These resources are also very useful when it comes to planning their future trading schedules. Most of the Singapore trading companies offer free mini courses for beginners and they do not even charge any fee for this. This makes Singapore brokers very popular among people who want to earn from home.

Stock Markets in Singapore

The three main stock markets in Singapore are the Singapore Exchange (SGX), the Straits Times Index (STI), and the Singapore Stock Market (SSM).

What is the Singapore Exchange?

The Singapore Exchange (SGX) is an investment holding company located in Singapore. SGX operates different businesses related to securities and derivatives trading and clearing, futures, central depository services, and much more.

What is the Straits Times Index?

The Straits Times Index (STI) is Singapore's leading stock market index, designed to measure the performance of the top 30 companies listed on SGX Mainboard. The STI was first introduced in January 1985 as a capitalisation-weighted index. On 3 March 2001, it became a free-float adjusted market capitalisation weighted index. This means that only shares of companies with high trading volumes are included in the calculation of the STI. Currently, there are 26 constituent stocks and 4 GDR baskets.

How is the STI weightage allocated into sectors?

At present, 26 stocks make up the Straits Times Index (STI). There are 14 counters from the Info-Communications & Media Sector; 9 counters from Financials Sector; and 3 counters from Industrial Sector including 1 counter which represents Heavy Industry and 2 other counters representing Consumer Goods sector. The rest of 7 counters belong to Consumer Services sector which consists of both Retailers as well as Property Developers/Investment Trusts/Real Estate Investment Trusts (REIT). In view of recent developments in financial markets, GDR issuances have been included into STI indices since 1 December 2002 for all members with an outstanding amount greater than or equal to S$500 million in total market capitalisation at any time during each month preceding that date. All GDR issuances count towards one single sector regardless whether they originate from Financial or non-Financial sectors respectively except for GDR issuances originating from Real Estate Investment Trusts (REIT). These will be counted towards Consumer Goods sector rather than Financial Services sector due to their higher exposure in property investment activities compared to general financial services providers.

What is the Singapore Stock Market (SSM)?

The Singapore Stock Market (SSM) is the main stock market in Singapore. This refers to both the Securities Trading & Clearing Corporation of Singapore (STCCS), which operates the securities trading market in Singapore, and the other linked markets. The SSM is an over-the-counter (OTC) market, consisting of both a primary listing segment and a secondary listings segment. This means that there are no centralized exchanges, but rather trading occurs directly between sellers and buyers on a bilateral basis. There are also no restrictions on who can trade or invest in the SSM, although foreign ownership caps apply to some listed companies. The SSM is also known as SGX.

Singapore Market

The Singapore Exchange (or SGX) is the primary stock market in the island region and is prominent in other nations as well; with global offices in major cities such as London, New York, Chicago, Hong Kong, Beijing, Shanghai, San Francisco, Mumbai, and Tokyo. If you come from one of the aforementioned metropolises, looking for a Singaporean broker suitable for you with a local company should be an easy process.

Towards the end of 1999, the SIMEX (or the Singapore International Monetary Exchange) and SES (or Stock Exchange of Singapore) underwent a merger and established SGX, which lists stocks and warrants, exchange-traded funds (ETFs), American Depository Receipts (ADRs), trusts, and many more financial instruments.

Trading In Singapore

Reputed Singaporean brokers will do their best to help you learn how to execute a trade in Forex or derivatives like CFD. Start with a demo account from multiple brokers, if you are new to the Singapore market. A demo account allows you to learn the broker's platforms without losing real money. If you want to trade under Sharia law, your broker in Singapore will help you open an Islamic account. we list some of these brokers below.

If your native language is different from what is commonly spoken in Singapore, remember to make sure that your chosen broker supports your native languages such as English, French, German, Spanish, Tamil, Malay, and Mandarin.

Also, ensure that the customer care team of your broker can communicate with you in a language you are comfortable with.

Aside from all these, SGX is well-reputed as it provides a fair market. It uses a secure trading software known as SGX QUEST.

Singapore Trading Opportunities

The island of Singapore offers numerous market sectors to investors and traders like healthcare, energy, information technology, defense and aviation. Some key infrastructure developments are in construction such as below:

The Benefits Of Singaporean Stocks

Saving funds in your bank account can be considered the start of your fortune accumulation journey. With the bank interest rates often staying lower than inflation rates, it is often wiser to look for investments that could offer greater returns to beat inflation. Investing in shares is one such solution. Below are the reasons why it is worth it to invest in Singaporean stocks.

Capital Gains

Stocks are gifted with the potential to gain value as time progresses. Buying shares in a company means you own a part of the corporation. With time, businesses can see significant growth in their profits once they see success. That means that the value of an investor’s ownership in the company will also increase, with significant growth in share value. This growth is referred to as capital growth, and the revenue earned when you sell these shares is referred to as “capital gains”. When you invest in Singaporean stocks, you do not incur income taxes on the sales of shares since there is no involvement of capital gains taxes.

Dividends

Aside from selling shares, shares generate returns when held as dividends. Whenever a business profits, it can make use of the profits for many purposes. The business can choose to reinvest their gains into the business to help evolve it, save it for other possible opportunities, or distribute it amongst the company’s shareholders in the form of dividends. Dividends are paid either quarterly, semiannually, or annually. Individuals looking for a passive stream of revenue can look into corporations with consistent dividend payouts. Like capital growth, dividends generated by a Singaporean company are not taxed; another reason why investing in Singaporean stocks is worth it.

Portfolio Diversification

Investors can invest in different company shares with minimal funds since only a minimum of hundred shares is required. You will find over seven-hundred listed corporations on the Singapore Stock Exchange. Each company comes from different businesses focusing on different markets with variable growth. If you invest in multiple companies, you are not making a large investment in just one company, and that enables you to spread your risk. You can also trade ETFs and/or Unit trusts to diversity your investments.

Liquidity

The liquidity associated with shares is always a plus for many types of investors as you can buy or sell shares whenever you want to. The only criterion here is for the share or ETF amount to be a minimum of one hundred. You can do this through your broker’s offered online services or their representatives.

Transparency

When you invest in Singaporean shares or ETFs, you can check their market price, i.e., the price the shares are sold or bought at. That is due to the shares being listed and traded on the SSE (or the Singapore Stock Exchange). When you know the market price, you can decide whether you want to buy or sell the shares at the present market price or wait for your preferred pricing which might take longer.

Singapore Trading Challenges

China is Singapore’s main trading partner. China is suffering from trade wars with the United States. Any key trade agreement failure with China may adversely affect the Singaporean market.

Closest trading partners of Singapore include Hong Kong, Indonesia, Japan, and Malaysia.

When it comes to across-the-border trading, the nation ranks 45th, and it is in 32nd place in terms of getting credit. Resolving insolvencies is not easy in Singapore, even when you consider reputable Singapore brokers. Singapore ranks 27th in the World Bank.

Singapore Stock Brokers

The most common features of Singapore Brokers are the willingness to work with any and every kind of remortgage organization, even those that require relatively high fees. However, these brokers are not always willing to take on the extra work for the same prices, so you should ask questions to be sure. For instance, is the fee due every month or annually? This kind of question will help you know whether the deal you're getting will be worth it in the long run or not. Also inquire about the specific fees involved in such types of remortgages that are common in Singapore, as well as in those that are less common.

Of course, you will also want to make sure that the fees charged by the Singapore Brokers are fair to you. It would be bad for your business to end up paying exorbitant fees simply because Singapore brokers did not account for certain variables. Singapore is very transparent in its approach to such matters, as the law states that all fees must be transparent and open to the public. Singapore brokers are required by law to inform their clients about all applicable fees before signing on the dotted line.

Singapore also has a reputation for being a good place to do business. That reputation is not unwarranted, as Singapore has some of the most technologically advanced cities in the world today, with some of the most cutting-edge stock exchanges in the world today. This means that investors can trade in stocks and options anywhere in the world, provided they have access to the relevant trading systems. Stock markets in Singapore opened for trading in Singapore in the early nineties, and since then the country has grown to become one of the biggest stock market exporters in the world today. A Singapore broker will have a range of options for you to choose from, depending on your specific requirements, and you should be able to get all the advice you need here.

Singapore brokers are well known for the efficient services they render to corporate traders, institutional investors, and individual traders. They provide comprehensive financial services through their expertise in various Asian markets including Singapore, Hong Kong, China, and Japan. Singapore is a leading financial hub in Asia, with over half of its gross domestic product (GDP) coming from the trading sector. As a result of the fast-growing economy and strong financial sector, Singapore has developed into one of the fastest developing countries in the world. To take advantage of the country's excellent growth potential, many companies have relocated to Singapore and created more job opportunities for local people.

Many Singapore trading brokers provide trading solutions for individual investors as well as large corporate companies. These include corporate bonds, corporate equities, commercial property, and other forms of investing. There are different types of investment accounts available through these Singapore brokers that help you choose the best one for your specific needs. There are accounts based in Singapore whereby you get a local account as an individual investor and a foreign account as a company or an entity. Such Singapore brokering solutions are ideal for investors dealing with Singapore accounts for their immediate needs.

All About Foreign Exchange - Singaporean Brokers

Singapore Brokers are those individuals or companies that provide brokerage services for the Singapore market. Singapore is a prime trading and investment destination for many reasons. It has the lowest unemployment rate in the world, excellent job prospects, a stable currency, low inflation, and a low cost of living. While these benefits attract many foreign investors, Singapore also has a reputation as a great place to do business because it offers low-cost offshore banking, tax-free savings accounts, low brokerage fees, and other similar perks.

As with any country, one must consider several factors before deciding to open an offshore trading account with Singapore. First, determine your financial needs because Singapore does not offer many banking products of any kind, especially compared to other countries in the area. For example, you will need to find a Singapore broker who will be able to arrange a customized fixed deposit trading account for you that will match your specific financial goals. Many Singapore brokers are willing to work closely with you to design a brokerage account that will satisfy all your needs. Depending on your goals, this may mean working with a specific type of investor, having a minimum deposit, having higher than normal credit lines, or other factors.

One aspect to consider when thinking about investment strategies is whether or not Singaporean brokers offer services beyond simply buying and selling stocks and shares. Some Singaporean brokerage banks offer other types of trading services, such as international stock trading, commodities trading, and more. For those who are interested in investing in a variety of different securities or markets throughout the world, Singaporean brokers offer the full range of options available to those who want to explore global trading opportunities.

The Best Singapore Broker

For online investors Singapore Brokers are very valuable partners. A well-established and experienced team of Singapore exchange traders and brokers are available for you to transact or place trades in the stock markets. They have years of experience and expertise and are always open to advising their clients on matters concerning the Singapore market. Singapore-based brokers and traders are known worldwide for their trustworthiness and their ability to provide sound and reliable advice to their clients.

An efficient Singapore broker will be able to provide all the assistance necessary for their clients. These include expert advice on investments, tips on currency pairs, help on creating a solid Singaporean portfolio, information on buying and selling stock exchanges, and other resources that can help investors trade in the foreign markets. An important aspect of successful trading is being able to find a trusted broker who will be able to aid investors with their trades. The selection of a broker depends on the needs of the individual investor and the nature and size of their Singapore brokerage account.

Singapore stock brokers are required by law to provide adequate services to their clients. While some Singapore exchange-traded companies operate without any stock brokers, these companies tend to limit their client base to the most basic levels, leaving out the more sophisticated investors. When looking for an appropriate Singapore broker, investors must take the time to conduct a detailed comparison table on various brokers to ensure they get the best service for their money at the best available price.

Choosing A Suitable Singaporean Stock Broker

The following are some factors you can consider when choosing a Singaporean broker:

Singaporean Stock Broker Charges

Fees can often take away from an investor’s possible returns. Most brokers are known to include commission charges as payment, with only a few exceptions. With these charges imposed it would be sensible to trade a greater amount of money. That way, commissions will not get in the way of your capital. Also bear in mind that the charges vary based on the market you choose to trade.

Singaporean Stock Broker Promotions And Perks

Brokers offer promotions to their clients every once in a while. Such bonuses often come as commission charges waivers, vouchers, and fund rebates. Traders can take advantage of these promotions by conducting more transactions during that time.

Singaporean Stock Broker Products Offered

Consider the investment products you aim to use, in contrast to what your potential broker offers. For instance, it may be bonds, stocks, CFDs, commodities, Forex, and much more. It may be disappointing to find out that your chosen broker does not offer the products you wish to deal in.

The Indicators And Tools They Offer

Once again, consider the tools you frequently use or wish to use. Also, consider whether your potential broker offers such tools. These could include drawing capabilities, numerous indicators, charting tools, screeners, and more.

Singaporean Stock Broker Access To The Market

Look into the global exchanges you can access via your potential broker. This would be especially crucial for individuals aiming to conduct trades in international markets like China, Hong Kong, and the US. This also works for individuals wanting to trade in more obscure markets.

Singaporean Stock Broker Interface

Not every application is the same. Some may be more beginner-friendly than others, making it easier for traders to navigate through them and carry out trading. Note that this is mostly based on a trader’s preference. An application’s responsiveness and speed make or break it since they are a huge deciding factor for traders trading with shorter timeframes.

Singaporean Stock Broker Insights

Brokers often go the extra mile, offering investment insights like research reports, hold/buy/sell calls, market commentary, stock advice as well as other materials for their customers to use.

Some brokers offer demo accounts as well. These are best used by traders for testing out platforms to determine if they suit them or not.

Singapore Brokers Verdict

Singapore has a lucrative market for avid traders and can offer a lot of financial benefits, provided they make well-informed decisions. While a lot of reputable Singaporean brokers are well-regulated, but it is best to check their portfolio and licenses before choosing to sign up with them.

Best Singapore Brokers

We've collected thousands of datapoints and written a guide to help you find the best Singapore Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best singapore brokers below.

Trading in Singapore

When trading in Singapore you will need to know what your options with your Singapore trading broker are.

We list below the trading account types available in Singapore. If you are looking for brokers in Singapore that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Singapore broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Singapore

Forex trading is growing in popularity in Singapore. The volume of Forex traded in Singapore has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in Singapore and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in Singapore?

Their is a misconception that trading Forex on the financial market in Singapore is considered unsafe. This is not the case, Forex trading in Singapore is very active.

Trading in Forex is allowed in Singapore as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Singapore Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Singapore?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Singapore the trader should make sure all taxes owed for a financial year are paid. Singapore taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Singapore. You should seek advice with a Singapore tax professional to ensure they are abiding by all proper tax laws in Singapore. In Singapore Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in Singapore

Cryptocurrency markets in Singapore are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in Singapore things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Singapore for example.

Due to a large young population in Singapore with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Singapore. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Singapore

In Singapore commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Singapore since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Singapore are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Singapore here.

Islamic Accounts in Singapore

Singapore brokers support Islamic accounts or swap-free accounts. Singapore Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Singapore offer accounts that are suitable for Islamic traders. These Singapore brokers complies with Sharia law.

Benefits of Trading in Singapore

Singapore economy and population is growing. The middle class population in Singapore is increasing which means a growing consumer base. Many business and financial opportunities exist in Singapore. Singapore has a young population educated in technology and the internet.

Concerns of Trading in Singapore

Singapore digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Singapore guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. Singapore Brokers offering high leverage trades in Singapore can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Singapore brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Singapore Brokers Checklist

There are a number of important factors to consider when picking an online Singapore trading brokerage.

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable Singapore broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Singapore Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Singapore Brokers of 2022 compared

Here are the top Singapore Brokers (SG).

Compare Singapore Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are singapore brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more singapore brokers that accept singapore clients

Broker IC Markets Roboforex XM XTB Pepperstone FP Markets Trading212 NordFX Plus500 EasyMarkets FXPro
Rating
locality IC Markets accept Singapore clients Roboforex accept Singapore clients XM accept Singapore clients XTB accept Singapore clients Pepperstone accept Singapore clients FP Markets accept Singapore clients Trading 212 accept Singapore clients NordFX accept Singapore clients Plus500 accept Singapore clients easyMarkets accept Singapore clients FxPro accept Singapore clients
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Min Deposit 200 1 5 No minimum deposit 200 100 1 1 100 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
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Used By 180,000+ 10,000+ 3,500,000+ 250,000+ 89,000+ 10,000+ 15,000,000+ 10,000+ 15,500+ 142,500+ 1,866,000+
Benefits
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  • Allows hedging
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  • Offers Negative Balance Protection
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  • Low min deposit
  • Allows scalping
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  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
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  • Islamic account
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  • Zero spread account
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  • Islamic account
  • Demo account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
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  • Islamic account
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  • Islamic account
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Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps
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Risk Warning Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89 % of retail investor accounts lose money when trading CFDs Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
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Roboforex
Demo
XM
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XTB
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Pepperstone
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FP Markets
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Trading 212
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NordFX
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Plus500
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easyMarkets
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All Singapore brokers in more detail

You can compare Singapore Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Singapore Brokers for 2022 article further below. You can see it now by clicking here

We have listed top Singapore brokers below.

Singapore Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Zero account VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
FXPro
(3/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

Learn more Learn more about IC Markets.
Losses can exceed deposits
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Losses can exceed deposits