Trading Tax in Singapore Guide
Updated April 11, 2021
TRADING TAXES IN SINGAPORE
Low taxes and other perks have made Singapore a tax haven for foreign investors. Resident taxpayers are subject to a progressive tax on personal income, with a marginal rate of about twenty-two percent. At of the end of the 2020 tax year, the biggest tax rate was on incomes of more than $320,000. Naturally, tax is not placed on capital gains. This type of tax policy, and a location that serves as an entrance for companies planning to expand into upcoming Asian economies, have made this island city-state a perfect place for international commerce and investment.
Investors choose to create their industries in Singapore for various reasons. One important reason is the ease with which you can set up and operate businesses. Another essential factor is Singapore's tax authority, famous for its appealing extensive double tax treaties, absence of capital gains tax, personal and corporate tax rates, one-time tax system, and tax relief measures. Corporations— including: Bodies of Persons, Persons, Trustees, and Partnerships— performing any business, trade, or profession in Singapore, are subject to tax on all profits (apart from profits realized from the sale of capital assets) arising in Singapore and income obtained from a foreign source of business, trade, or profession.
Singapore Resident Tax Rates
The below Sinapore tax rates are taken from the official Singapore IRAS.GOV.SG website
| Chargeable Income | SG Income Tax Rate 2021 (%) | Gross Tax Payable ($) |
|---|---|---|
|
First $20,000 |
0 |
0 |
|
First $30,000 |
- |
200 |
|
First $40,000 |
- |
550 |
|
First $80,000 |
- |
3,350 |
|
First $120,000 |
- |
7,950 |
|
First $160,000 |
- |
13,950 |
|
First $200,000 |
- |
21,150 |
|
First $240,000 |
- |
28,750 |
|
First $280,000 |
- |
36,550 |
|
First $320,000 |
- |
44,550 |
The Tax Governing Authority Of Singapore
The Income Tax Act of Singapore is the governing authority when discussing individual and corporate tax matters. The Inland Revenue Authority of Singapore, known as IRAS, was created in 1969, and was popularly called Inland Revenue Department. It combines all the main revenue collection agencies into one system, allowing the collection and administration processes to become better managed and streamlined.
The motive of IRAS is to collect stamp duties, goods & services tax, betting tax, property tax, income tax, and estate tax, which has been negated since February 15, 2008. As the major tax administrator for the Ministry of Finance, IRAS helps formulate tax policies offered for the administrative and technical risks of each policy and policy input. IRAS also monitors improvements in the external economic and tax environment to know the areas that require changes and policy review. Its goal is to sponsor a competitive tax environment that encourages growth.
Asset Trading Taxes In Singapore
With the developments in global technology and the coming of cryptocurrency markets, there remains doubt whether various assets will incur different day trading income tax rates. For instance, will day trading options and futures taxes be similar to stock and Forex taxes? For the most part, the IRAS is more focused on why and how you are trading. What you are trading normally comes after.
Singapore Tax on Stocks
Fortunately, stock trades are normally easy to comprehend. If you are an investor trading stocks in Singapore, you will not encounter any capital gains tax. If you are a trader that meets the requirements around frequency and purpose of trading, you will encounter some tax problems. The Singapore government tries to motivate the citizens of Singapore to take a chance at the trading markets. This implies that you can gain benefit from the discounted rate on taxes for the first few years.
Singapore Tax on Forex
Most brokers that day trade in Singapore do not have a tax accountant. This implies that there are no deductions of taxes. The legal responsibility is solely based on you. If you are trading Forex on the side, any and all gain is tax-free. However, if you choose to trade currency as your main job, you will need to declare it and pay a part in taxes. How you choose to withdraw funds from your account could affect your trading tax rate. Your funds will not enter into Singapore if you use an international electronic payment system like 'PayPal' or 'WeMoney' unless you transfer them into your local bank account.
Singapore Tax on Cryptocurreny
New developments have shown that if you sell or buy digital currencies for business purposes, you will be subject to tax on the profit received from trading in the virtual currency. Even though long-term investors do not need to pay tax on their profits, short-term investors are subject to trading income tax on their profits in Singapore. Any exemptions are considered on a case-by-case basis like the frequency, holding periods, and purpose of your transactions.
It is worth knowing that the IRAS may be tolerant on digital currency activities due to Singapore being one of the first nations to make the likes of 'Bitcoin' legal. The Monetary Authority of Singapore, MAS, had announced that it would not meddle in people's ability to carry out transactions in 'Bitcoin'. This has been perceived by most as Singapore showing support for these digital currencies, and has created opportunities for cryptocurrency entrepreneurship. Additionally, IRAS has mentioned that digital currencies like 'Litecoin', 'Bitcoin', and 'Ethereum', fit the definition of neither currency nor money, but instead fall under goods and services for tax purposes.
We've collected thousands of datapoints and written a guide to help you find the best Trading Tax in Singapore for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Singapore trading platform below. You can go straight to the broker list here.
Reputable Trading Tax in Singapore Checklist
There are a number of important factors to consider when picking an online Singapore Trading Platform trading brokerage.
- Check your Singapore Trading Platform broker has a history of at least 2 years.
- Check your Singapore Trading Platform broker has a reasonable sized customer support of at least 15.
- Does the Singapore Trading Platform broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Singapore Trading Platform broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Singapore Trading Platform broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Singapore Trading Platform can hire people from various locations in the world who can better communicate in your local language.
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 Trading Platform.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Singapore Trading Platform.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Singapore Trading Platform of 2021 compared
Here are the top Singapore Trading Platform.
Compare Singapore Trading Platform min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Singapore trading platform. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Singapore trading platform that accept Singapore trading platform clients
| Broker |
eToro
|
IC Markets
|
XTB
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AvaTrade
|
FP Markets
|
Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
|
| Rating | |||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
| Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 100 | 200 | 100 | 5 | 100 | 1 |
| Funding |
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| Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ | 10,000+ |
| Benefits |
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| Accounts |
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| Spreads |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with plus500 |
Sign
Up with pepperstone |
Sign
Up with easymarkets |
Sign
Up with xm |
Sign
Up with fxprimus |
Sign
Up with spreadex |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 76.4% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
| Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
All Singapore trading platform in more detail
You can compare Singapore Trading Platform 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 Trading Platform for 2021 article further below. You can see it now by clicking here
We have listed top Singapore trading platform below.
Trading Tax in Singapore Table of Contents
- Trading Tax in Singapore Explained
- 6 Factors to Consider when Choosing Trading Tax in Singapore
- Are Your Trading Tax in Singapore Trusted And Established?
- Are The Trading Tax in Singapore World Leading?
- What are the Trading Tax in Singapore Commissions and Fees?
- What are the Trading Tax in Singapore Funding and Withdrawl Methods?
- Find Trading Tax in Singapore with Round-the-clock support?
- Make sure the Trading Tax in Singapore Offer Comprehensive Trader resources?
- Why do Trading Tax in Singapore need to be regulated?
- Trading Tax in Singapore FAQ
- What are the best Singapore trading platform brokers?
- What is the best Singapore trading platform broker?
- Related Trading Tax in Singapore Reviews
- Related Trading Tax in Singapore Alternatives
- Related Trading Tax in Singapore Comparisons
Trading Tax in Singapore Explained
Trading the financial markets with Trading Tax in Singapore when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Trading Tax in Singapore is the platform that a Trading Tax in Singapore offer.
Choose Trading Tax in Singapore that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Trading Tax in Singapore that you can rely on.
6 Factors to Consider when Choosing Trading Tax in Singapore
Follow these five rules for selecting a broker that's right for you:
Are Your Trading Tax in Singapore Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Trading Tax in Singapore broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
|
IC Markets
|
XTB
|
AvaTrade
|
FP Markets
|
Plus500
|
| Year Established | 2007 | 2007 | 2002 | 2006 | 2005 | 2008 |
| Head Office | Cyprus, UK | Australia | Poland | The British Virgin Islands | Australia | Israel |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | 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 |
| Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 15,500+ |
| Negative balance protection | Yes | Yes | Yes | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit AvaTrade | Visit FP Markets | Visit Plus500 |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 76.4% 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. |
Are The Trading Tax in Singapore World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Trading Tax in Singapore is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
|
IC Markets
|
XTB
|
AvaTrade
|
FP Markets
|
Plus500
|
| Instruments Available | 2000 | 232 | 4000 | 1000 | 100 | 2500 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
| Forex pairs offered | 50 | 65 | 57 | 80 | 60 | 100 |
| Forex pairs offered | 50 | 65 | 57 | 80 | 60 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 31 | 19 | 21 | 16 | 18 | 17 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | Yes | Yes |
| Stocks Offered | 2042 | 110 | 1696 | 99 | 10000 | 1816 |
| UK Shares | Yes | No | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Trading Tax in Singapore Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Trading Tax in Singapore broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 200.
Another top rated Trading Tax in Singapore broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
|
IC Markets
|
XTB
|
AvaTrade
|
FP Markets
|
Plus500
|
| Min Deposit | 200 | 200 | 0 | 250 | 100 | 100 |
| Withdrawl Fees | Yes | No | varies | No | No | No |
| Inactivity Fees | Yes | No | No | No | No | Yes |
| Deposit Fees | No | Varies | No | No | Yes | No |
| CFD Commission Fees | No | Yes | Yes | No | Yes | No |
What are the Trading Tax in Singapore Funding and Withdrawal Methods?
When dealing with Trading Tax in Singapore having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
IC Markets
|
XTB
|
AvaTrade
|
FP Markets
|
Plus500
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | Yes |
| Skrill | Yes | Yes | Yes | No | Yes | Yes |
| Payoneer | No | No | Yes | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | No |
Find Trading Tax in Singapore with Round-the-clock support?
Customer service is very important when dealing with Trading Tax in Singapore.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Trading Tax in Singapore customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
|
IC Markets
|
XTB
|
AvaTrade
|
FP Markets
|
Plus500
|
| Support |
|
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|
|
|
|
| Languages | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit AvaTrade | Visit FP Markets | Visit Plus500 |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 76.4% 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. |
Make sure the Trading Tax in Singapore Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Trading Tax in Singapore need to be regulated?
A regulated Trading Tax in Singapore broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Trading Tax in Singapore brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Trading Tax in Singapore List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
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 PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account