Best Singapore CFD Brokers

CFD trading in Singapore requires a MAS regulated CFD broker with the best retail investor accounts offering the best forex trading platforms, low EUR/USD spreads and a range of CFDs from forex, EFTs, Crypto including bitcoin and indices.

View our CFD broker Singapore comparison below.

By Justin Grossbard / Updated: Monday, February 17th, 2020

Curency Movements Image

Broker Reviewed

Interactive Brokers
Pepperstone
City Index
Saxo Capital Markets
IG
Our Rating
8.17
9.17
6.83
6.0
6.67
Trade CFD and assets
Further Active Trader Discounts
72% of retail CFD accounts lose money
182 spot pairs + 140 forwards
Widest choice of markets for trade

Regulations and Licenses

Feature
Interactive Brokers
Pepperstone
City Index
Saxo Capital Markets
IG
MAS (Singapore)
Pending

Brokerage

Feature
Interactive Brokers
Pepperstone
City Index
Saxo Capital Markets
IG
No Commission Account Spreads From (EUR/USD):
1.0
0.5
0.6
Commission Account Spreads From (EUR/USD):
0.1
0.0
0.6
Commission (per 100k traded side trip)
USD $1mil = 0.20% (IBKR)
AUD/USD$3.50
Minimum Deposit
$0
AUD/USD $200
USD $10000
$0
Volume Commission Rebates
Has Islamic Account
No Inactivity Fees
Funding Methods
4
16
6
5
4
No Deposit/Withdrawal Fees

Markets and Instruments

Feature
Interactive Brokers
Pepperstone
City Index
Saxo Capital Markets
IG
Forex Currency Pairs CFDs
115+
66+
84+
180+
80+
Cryptocurrency CFDs
4+
5+
5+
Index CFDs
26+
2+
21+
34+
Share CFDs
1000+
5+
4500+
20,000+
12000+
Commodities CFD
4+
29+
70+
38+
Stockbroking
50,000+
Retail Maximum Leverage
14:1
500:1
20:1
100:1
200:1
Professional Maximum Leverage
500:1
400:1
100:1
200:1

Trading Platforms + Tools

Feature
Interactive Brokers
Pepperstone
City Index
Saxo Capital Markets
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automatic / Robot Trading
MT4 only
Social + Copy Trading
MetaTrader 4 onliy
Standard Stop Loss
Guaranteed Stop Loss Order
Guaranteed Negative Balance Protection
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
125 Markets, 31 Countries, 22 Currencies
Smart Trader Tools
Best for beginners
CFD and Asset for trade
Guaranteed stop loss orders
Unique Feature 2
Earn interest on idle cash balances automatically
Fast Execution Speed
In house analysts
Range of platforms

Overall

Top CFD Brokers In Singapore

The best CFD brokers by each category for Singapore traders are:

  • Interactive Brokers – Best CFD + Stock Broker
  • Pepperstone – Best CFD Trading Platform
  • City Index – Top Cryptocurrency Low-Cost Broker
  • Saxo Markets – Best ETFs Online Broker
  • IG Markets – Largest Forex Broker

CFD Frequently Asked Questions

Traditionally, trading financial instruments meant buying and selling the physical underlying asset in a marketplace. In today’s financial markets, participants can trade Contracts For Difference (CFD) where the underlying asset itself is not bought and sold, rather traders’ purchase and sell contracts derived from asset prices, speculating on whether prices will increase or decrease in the future. The benefits of CFD trading include higher leverage than if you were buying and selling a physical asset, allowing for larger potential capital gains.

A Contract For Difference (CFD) is a financial instrument where the underlying asset is not bought or sold, rather trades are placed based on price movements of the asset. CFDs are derivative products, with traders making profits by speculating on future price movements of different assets.

The top CFD brokers offer market access to a range of CFD markets and products, low commission and account fees as well as a trading platform with a selection of charting and analysis tools. Based on these criteria, Interactive Brokers and Pepperstone are two leading CFD brokers for traders based in Singapore.

For those wanting to trade major and exotic CFDs, Interactive Brokers is an excellent choice. Account fees are low for active traders’, while Singaporean clients can access global markets with over 7000 Stock and Stock Index CFDs available.

Open a demo account >>Visit Interactive Brokers >>

Pepperstone is known for their DMA (Direct Market Access) due to the forex and CFD brokers top-tier liquidity providers. A Razor Account gives traders to ECN-like forex spreads, along with access to competitively priced CFDs, Cryptos and other financial instruments. At CompareForexBrokers we recommend using MetaTrader 5 when trading with Pepperstone, due to the sophisticated Expert Advisor features and range of Smart Trader Tools add-ons offered by the top forex and CFD broker.

Open a demo account >>Visit Pepperstone >>

The Monetary Authority of Singapore

Monetary Authority of Singapore MASThe Monetary Authority of Singapore (MAS) promotes a healthy and competitive marketplace by regulating Singapore’s financial markets and ensuring brokers follow the authority’s stringent regulation. As well as overseeing the financial sector, MAS operates as Singapore’s Central Bank and is viewed globally as an efficient and fair financial authority.

Forex and CFD brokers based in Singapore are required to hold a Capital Services License issued by MAS. CFD brokers regulated by MAS provide certain protections to investors’ that would otherwise not apply. For instance, all client funds must be held in segregated accounts and not used as operational capital, providing investors’ protection if a broker were to come into trouble.

International brokers that are not MAS regulated may still be appropriate for Singaporean Forex and CFD traders. Many top-tier financial authorities such as the Financial Conduct Authority in the UK (FCA) and the Australian Securities and Investments Commission (ASIC), enforce similar regulations to MAS including segregated client funds. Therefore, certain standards are seen as universal among top CFD brokers’ regulated by international financial authorities.

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