How do Singapore CFD brokers compare?
| # | Broker | Score /100 | CFD markets named | EUR/USD spread and basis | Platforms | Visit broker | More details |
|---|---|---|---|---|---|---|---|
| 1 |  OANDA#1 Highest score, global- Forex, index, share, metal and bond CFDs | 88.3Global score | Forex, Index, Share, Precious Metals, Commodity, Crypto, Bonds | 0.8 pips, advertised minimum, Spread only account | OANDA web TradingView MetaTrader 4 MetaTrader 5+1 more platform, listed in this broker's detailsOANDA web, OANDA mobile, TradingView, MetaTrader 4, MetaTrader 5 | Official site of OANDA | |
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| 2 |  MultiBank Group- Metal CFDs on MT4 and MT5 | 80.3Global score | Metals | Not published on the Singapore site | MetaTrader 4 (desktop, web trader, mobile)MetaTrader 5 | Official site of MultiBank Group | |
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| 3 |  IG- Forex, share, commodity and knock-out CFDs | 68.2Global score | Forex, Share, Commodity, Knock-out | 0.6 pips, advertised minimum, IG CFD account | MetaTrader 4ProRealTimeL2 DealerTradingView+2 more platforms, listed in this broker's detailsMetaTrader 4, ProRealTime, L2 Dealer, Web trading, Mobile trading app, TradingView | Visit IG | |
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| 4 |  FOREX.com- Forex, share, index and commodity CFDs | 67.6Global score | Forex, Shares, Indices, Commodities | 0.5 pips, advertised minimum, account not named (FOREX.com platform; the page says MT4 pricing may differ) | TradingViewMetaTrader 4mobile appWeb Trading | Official site of FOREX.com | |
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| 5 |  CMC Markets- Pre-IPO, options and share basket CFDs | 64.6Global score | Forex, Indices, Commodities, Shares, Treasuries, Crypto, Share baskets, Options CFDs, Pre-IPO CFDs | 0.5 pips, advertised minimum, CFD (Next Generation) account | Next GenerationMetaTrader 4TradingView | Official site of CMC Markets | |
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| 6 |  Interactive Brokers- Forex, share and index CFDs | 62.3Global score | Forex, Share, Index | Not published on the Singapore site | Client PortalIBKR DesktopIBKR MobileTrader Workstation+1 more platform, listed in this broker's detailsClient Portal, IBKR Desktop, IBKR Mobile, Trader Workstation, IBKR GlobalTrader | Official site of Interactive Brokers | |
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| 7 |  Saxo- Stock, ETF, index, commodity and bond CFDs | 60.1Global score | Stock, ETF, Index, Commodity, Bond | 0.8 pips, advertised minimum, Classic account | SaxoTraderSaxoInvestorTradingView (access) | Visit Saxo | |
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| 8 |  Plus500- Crypto, options and ETF CFDs beside forex | 58.8Global score | Forex, Crypto, Indices, Commodities, Shares, Options, ETFs | Not published on the Singapore site | Plus500 platform (web)Plus500 app (Apple App Store, Google Play) | Visit Plus500 | |
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| 9 |  eToro- Crypto, stock and ETF CFDs beside forex | 54.9Global score | Forex, Crypto, Stocks, ETF, Indices, Commodities | Not read: its Singapore spread page did not load | eToro platform (web, app)TradingView charts | Visit eToro | |
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| 10 |  moomoo- Gold (XAU/USD) CFD | 49.5Desk score, 7 of 8 | XAU/USD (gold) CFD | EUR/USD not named; spreads from 0.6 pips, advertised minimum | moomoo app | Official site of moomoo | |
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| 11 |  Phillip Nova- Crypto CFDs on NOVA and Phillip MT5 | 48.3Desk score, 6 of 8 | Crypto CFDs | 0.6 pips, advertised minimum, Phillip MT5 account | Phillip MT5NOVATradingView | Official site of Phillip Nova | |
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| 12 |  Phillip Securities- Forex, equity, index and commodity CFDs | 44.3Desk score, 5 of 8 | Forex, Equity CFDs, Index CFDs, Commodity CFDs | 0.3 pips, advertised minimum, FX CFD account | POEMS 2.0POEMS Mobile 3.0POEMS ProPOEMS CFD MT5 | Official site of Phillip Securities | |
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| 13 |  UOB Kay Hian- Equity and index CFDs | 39.2Desk score, 6 of 8 | Equity CFDs, Index CFDs | 1.8 pips, advertised minimum, LFX account | UTRADE MT4UTRADE Delta | Official site of UOB Kay Hian | |
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| 14 |  Maybank Securities- Share CFDs beside Currenex forex | 38.1Desk score, 7 of 8 | Share CFDs | 1.3 or 1.0 pips, advertised typical (two of its pages differ), Maybank Forex account | Currenex (Maybank Forex) | Official site of Maybank Securities | |
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| 15 |  CGS International- DMA equity and futures CFDs | 37.8Desk score, 6 of 8 | DMA equity CFDs, Index and commodity futures CFDs | EUR/USD not named; spreads from 0.7 pips, advertised minimum | CFD MobileCFD ViewPoint | Official site of CGS International | |
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| 16 |  uSMART- Forex, stock, gold and silver CFDs | 36.2Desk score, 6 of 8 | Forex, Stock CFDs, Gold and silver CFDs (XAU/USD, XAG/USD) | 0.5 pips, advertised minimum, FX CFD account | uSMART appOpen API | Official site of uSMART | |
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Each spread is the advertised minimum or typical figure on the firm's own Singapore site, never tested. "Not published" means a recorded search found no figure, and "Not read" means the page did not load. Desk scores are scored from published information, not tested, and the "+" opens the MAS entity and permissions, the score basis and the review link. Sources are each firm's own Singapore site and the MAS Financial Institutions Directory, read 24 September 2026.
The best CFD brokers in Singapore, ranked
Ordered by score, highest first, global and desk scores together, as on our list of eighteen, where nine scores come from our global testing and nine were scored from each firm's published Singapore information through the same eight categories, without order-speed tests; on this page, nine carry a global score and seven a desk score. The phrase beside each name comes from that firm's Singapore record; its place in the list comes from its score.
- OANDA - Forex, index, share, metal and bond CFDs
- MultiBank Group - Metal CFDs on MT4 and MT5
- IG - Forex, share, commodity and knock-out CFDs
- FOREX.com - Forex, share, index and commodity CFDs
- CMC Markets - Pre-IPO, options and share basket CFDs
- Interactive Brokers - Forex, share and index CFDs
- Saxo - Stock, ETF, index, commodity and bond CFDs
- Plus500 - Crypto, options and ETF CFDs beside forex
- eToro - Crypto, stock and ETF CFDs beside forex
- moomoo - Gold (XAU/USD) CFD
- Phillip Nova - Crypto CFDs on NOVA and Phillip MT5
- Phillip Securities (POEMS) - Forex, equity, index and commodity CFDs
- UOB Kay Hian (UTRADE) - Equity and index CFDs
- Maybank Securities (Maybank Trade) - Share CFDs beside Currenex forex
- CGS International - DMA equity and futures CFDs
- uSMART - Forex, stock, gold and silver CFDs
CFD broker reviews for Singapore traders
1. OANDA: forex, index, share, metal and bond CFDs
EUR/USD spread and basis
0.8 pips, advertised minimum, Spread only account
Platforms
OANDA web, OANDA mobile, TradingView, MetaTrader 4, MetaTrader 5
MAS entity and permission
OANDA Asia Pacific Pte. Ltd.: OTC derivatives register
- Cheapest round turn, 1.0 lot
- at least US$8.00, advertised minimum, Spread only account
- Minimum deposit
- S$0, no minimum to open
Why We Recommend OANDA
I recommend OANDA if you want one desk for forex, index, share, precious metals, commodity, crypto, and bond CFDs. OANDA Asia Pacific Pte. Ltd. is on the MAS Financial Institutions Directory for OTC derivatives. The Spread only account wraps commission into the spread, with an advertised minimum of 0.8 pips on EUR/USD, giving you one all-in price rather than a spread plus a commission.
2. MultiBank Group: metal CFDs on MT4 and MT5
The score is MultiBank Group's global score; the Singapore entity is MEX Global Markets Pte. Ltd.
EUR/USD spread and basis
Not published on the Singapore site
Platforms
MetaTrader 4 (desktop, web trader, mobile), MetaTrader 5
MAS entity and permission
MEX Global Markets Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- US$50, minimum initial deposit, Standard; US$10,000, minimum initial deposit, ECN (compare page); US$5,000, minimum initial deposit, ECN (live-account page)
Why We Recommend MultiBank Group
MultiBank Group fits you if metal CFDs are your market and you want them on MetaTrader. MEX Global Markets Pte. Ltd. is the MAS entity, listed on the MAS Financial Institutions Directory for leveraged forex and OTC derivatives. The Standard account opens with a US$50 minimum initial deposit and trades commission-free, so the move into CFD metals starts small and stays on MetaTrader.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- mexglobalmarkets.com (minimum deposit)
- mexglobalmarkets.com (platforms)
- mexglobalmarkets.com (CFD markets)
3. IG: forex, share, commodity and knock-out CFDs
EUR/USD spread and basis
0.6 pips, advertised minimum, IG CFD account
Platforms
MetaTrader 4, ProRealTime, L2 Dealer, Web trading, Mobile trading app, TradingView
MAS entity and permission
IG Asia Pte Ltd: OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- No account-opening minimum specified; S$50, minimum per card deposit transaction
Why We Recommend IG
For knock-out CFDs beside forex, share, and commodity CFDs, IG is my pick. IG Asia Pte Ltd is listed on the MAS Financial Institutions Directory for OTC derivatives. The IG CFD account shows an advertised minimum of 0.6 pips on EUR/USD, with share CFDs on commission instead of a spread, and the split pricing leaves each cost visible, market by market.
4. FOREX.com: forex, share, index and commodity CFDs
EUR/USD spread and basis
0.5 pips, advertised minimum, account not named (FOREX.com platform; the page says MT4 pricing may differ)
Platforms
TradingView, MetaTrader 4, mobile app, Web Trading
MAS entity and permission
StoneX Financial Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- $150, minimum deposit; $250 minimum per card transaction; the page prints "$" without naming the currency
Why We Recommend FOREX.com
FOREX.com runs forex, shares, indices, and commodities CFDs on TradingView and MetaTrader 4, under StoneX Financial Pte. Ltd., the licensed entity on the MAS Financial Institutions Directory. FX carries no commission, with commissions on share CFDs only. I recommend it for the platform choice: EUR/USD shows an advertised minimum of 0.5 pips on the FOREX.com platform, and its page notes MetaTrader 4 pricing may differ.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- forex.com (EUR/USD spread, platforms)
- forex.com (minimum deposit)
- forex.com (CFD markets)
- forex.com (CFD markets)
5. CMC Markets: pre-IPO, options and share basket CFDs
EUR/USD spread and basis
0.5 pips, advertised minimum, CFD (Next Generation) account
Platforms
Next Generation, MetaTrader 4, TradingView
MAS entity and permission
CMC Markets Singapore Pte Ltd: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- No stated minimum; funds needed to open a position
Why We Recommend CMC Markets
CMC Markets is the desk I would send you to for CFD market breadth. Its Singapore site runs forex, indices, commodities, shares, treasuries, and crypto CFDs, plus share baskets, options CFDs on global indices, and pre-IPO grey market CFDs ahead of a listing. CMC Markets Singapore Pte Ltd is on the MAS Financial Institutions Directory with leveraged forex and OTC derivatives permissions.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- cmcmarkets.com (EUR/USD spread)
- cmcmarkets.com (minimum deposit)
- cmcmarkets.com (platforms)
- cmcmarkets.com (CFD markets)
- cmcmarkets.com (CFD markets)
6. Interactive Brokers: forex, share and index CFDs
EUR/USD spread and basis
Not published on the Singapore site
Platforms
Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation, IBKR GlobalTrader
MAS entity and permission
Interactive Brokers Singapore Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- US$0, minimum balance
Why We Recommend Interactive Brokers
Interactive Brokers offers forex, share, and index CFDs on its Singapore site. Interactive Brokers Singapore Pte. Ltd. is licensed for leveraged forex and OTC derivatives on the MAS Financial Institutions Directory, and the site trades these CFDs virtually around the clock, with a US$0 minimum balance to start. For me the draw is the platform depth across Trader Workstation and IBKR GlobalTrader.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- interactivebrokers.com.sg (minimum deposit)
- interactivebrokers.com.sg (platforms)
- interactivebrokers.com.sg (CFD markets)
7. Saxo: stock, ETF, index, commodity and bond CFDs
EUR/USD spread and basis
0.8 pips, advertised minimum, Classic account
Platforms
SaxoTrader, SaxoInvestor, TradingView (access)
MAS entity and permission
Saxo Capital Markets Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- at least US$6.00, advertised minimum, VIP account
- Minimum deposit
- S$0, no minimum deposit
Why We Recommend Saxo
Saxo suits you if stock and ETF CFDs are the core of your book. Its Singapore site lists more than 8,500 stock and ETF CFDs, and Saxo Capital Markets Pte. Ltd. holds leveraged forex and OTC derivatives permissions on the MAS Financial Institutions Directory. I would choose it for the SaxoTrader platform and SaxoInvestor when you want CFDs and investing side by side.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- home.saxo (EUR/USD spread, round turn)
- home.saxo (minimum deposit)
- home.saxo (platforms)
- home.saxo (CFD markets)
8. Plus500: crypto, options and ETF CFDs beside forex
EUR/USD spread and basis
Not published on the Singapore site
Platforms
Plus500 platform (web), Plus500 app (Apple App Store, Google Play)
MAS entity and permission
Plus500SG Pte. Ltd.: OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- Per method, shown in the platform
Why We Recommend Plus500
Plus500 keeps everything on its own web platform and mobile app, with crypto, options, and ETF CFDs, and the app sits on the Apple App Store and Google Play. Plus500SG Pte. Ltd. holds OTC derivatives permissions on the MAS Financial Institutions Directory, and the desk charges no dealing commission. I recommend it if you prefer one platform and one app over a multi-platform setup.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- plus500.com (minimum deposit)
- plus500.com (platforms, CFD markets)
- plus500.com (CFD markets)
9. eToro: crypto, stock and ETF CFDs beside forex
EUR/USD spread and basis
Not read: its Singapore spread page did not load
Platforms
eToro platform (web, app), TradingView charts
MAS entity and permission
eToro Singapore Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not read
- Minimum deposit
- US$50
Who eToro suits
Crypto, stock, and ETF CFDs are eToro's focus, on one web platform and app with TradingView charts inside. Its Singapore site names forex, crypto, stocks, and ETF CFDs, and eToro Singapore Pte. Ltd. is listed on the MAS Financial Institutions Directory for leveraged forex and OTC derivatives. Crypto CFDs carry 1% per trade, a rate that favours the occasional crypto position over heavy turnover.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- etoro.com (minimum deposit)
- etoro.com (platforms)
- etoro.com (CFD markets)
- etoro.com (CFD markets)
10. moomoo: gold (XAU/USD) CFD
Scored on seven of eight categories; blank: trading costs.
EUR/USD spread and basis
EUR/USD not named; spreads from 0.6 pips, advertised minimum
Platforms
moomoo app
MAS entity and permission
Moomoo Financial Singapore Pte. Ltd.: Leveraged forex and OTC derivatives register
- Cheapest round turn, 1.0 lot
- Not published
- Minimum deposit
- Not stated on the Singapore site
Who moomoo suits
moomoo names the XAU/USD gold CFD on its Singapore site, and Moomoo Financial Singapore Pte. Ltd. holds leveraged forex and OTC derivatives permissions on the MAS Financial Institutions Directory. Leveraged forex carries zero commission and zero platform fee on the moomoo app. For a trader whose CFD market is gold, the setup can stay in the moomoo app without a second platform.
Broker's Detail
- Read 24 September 2026:
- eservices.mas.gov.sg (MAS entity and permissions)
- moomoo.com (EUR/USD spread)
- moomoo.com (platforms)
- moomoo.com (CFD markets)
Other MAS-licensed CFD brokers in Singapore
11. Phillip Nova 48.3/100 Desk-based assessment: scored from published information, not tested
Phillip Nova Pte. Ltd.; MAS register
Phillip Nova suits you if crypto CFDs on NOVA and Phillip MT5 are your focus.
12. Phillip Securities (POEMS) 44.3/100 Desk-based assessment: scored from published information, not tested
Phillip Securities Pte Ltd; MAS register
For forex and equity CFDs, Phillip Securities (POEMS) advertises an EUR/USD minimum of 0.3 pips.
13. UOB Kay Hian (UTRADE) 39.2/100 Desk-based assessment: scored from published information, not tested
UOB Kay Hian Private Limited; MAS register
UOB Kay Hian (UTRADE) offers equity and index CFDs through UTRADE Delta.
14. Maybank Securities (Maybank Trade) 38.1/100 Desk-based assessment: scored from published information, not tested
Maybank Securities Pte. Ltd.; MAS register
Maybank Securities (Maybank Trade) pairs share CFDs with Currenex forex.
Read our Maybank Securities (Maybank Trade) review Official site
15. CGS International 37.8/100 Desk-based assessment: scored from published information, not tested
CGS International Securities Singapore Pte. Ltd.; MAS register
CGS International names DMA equity and futures CFDs, with advertised spreads from 0.7 pips.
16. uSMART 36.2/100 Desk-based assessment: scored from published information, not tested
uSMART Securities (Singapore) Pte. Ltd.; MAS register
uSMART covers forex, stock, and gold CFDs, with an advertised EUR/USD minimum of 0.5 pips.
Which Singapore brokers offer the most CFD markets?
OANDA, CMC Markets, and Plus500 name the most CFD markets, 7 of 9 classes each on their Singapore sites, grouped from each firm’s own wording. MultiBank Group’s shares, indices, and commodities and Phillip Nova’s index, share, and ETF CFDs are left blank until a page is cited.
Which brokers offer share CFDs in Singapore?
OANDA, IG, FOREX.com, CMC Markets, Interactive Brokers, Saxo, Plus500, eToro, Phillip Securities (POEMS), UOB Kay Hian (UTRADE), Maybank Securities (Maybank Trade), CGS International, and uSMART name share, stock, or equity CFDs on their Singapore sites. CMC Markets adds share baskets and pre-IPO grey market CFDs, and CGS International names DMA equity CFDs.
Which CFD trading platforms do Singapore brokers offer?
OANDA, MultiBank Group, IG, FOREX.com, CMC Markets, and UOB Kay Hian (UTRADE) offer MetaTrader 4; OANDA, MultiBank Group, Phillip Nova, and Phillip Securities (POEMS) have MetaTrader 5. TradingView comes from OANDA, IG, FOREX.com, CMC Markets, Saxo, eToro, and Phillip Nova; Interactive Brokers, Plus500, moomoo, Maybank Securities, CGS International, and uSMART offer only their own platforms; see Best MT4 Brokers in Singapore (2026) and Best MT5 Brokers in Singapore (2026).
What does a CFD trade cost in Singapore?
A CFD trade costs at least US$3.00 round turn on the FX CFD account at Phillip Securities (POEMS), the lowest advertised minimum, with uSMART at least US$5.00. That is for one standard lot of EUR/USD bought and sold, priced from the advertised minimum at US$10 a pip. Overnight financing and share-CFD commissions at some firms come on top; see Best Forex Brokers in Singapore (2026).
How much margin does a CFD need in Singapore?
Regulation 24A and Table 18 set retail minimums: 5% (20:1) on forex CFDs and 5% on index CFDs on the Straits Times Index, MSCI Singapore Index, or a market index of a recognised group A exchange. Gold, other commodities, and non-index shares need 20%, and crypto CFDs 50% (2:1), from answer A71C in MAS’s FAQs. The calculator below prices your position at these minimums, which licensees may raise.
How to check a CFD broker on the MAS register
Search the broker’s legal name in the MAS Financial Institutions Directory, match it to the name on the firm’s Singapore site, read the dealing permissions, then search the MAS Investor Alert List. Our MAS-Regulated Forex Brokers in Singapore page explains the register, and Best Forex Demo Accounts in Singapore (2026) covers demo accounts.
What is a CFD?
A CFD is a contract for differences, paying an asset’s price change without owning it. You trade on margin, so small moves can produce larger losses, and costs are the spread, any commission, and overnight financing (see our Best Forex Broker for Beginners in Singapore guide).
FAQs
Which is the best CFD broker in Singapore?
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What margin does a forex CFD need in Singapore?
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Related pages
About the author
Justin Grossbard is the Co-Founder and CEO of CompareForexBrokers, which he established with Noam Korbl in 2014. He has over 20 years of professional experience in online marketing and holds a Master's in Marketing from Monash University.
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