Best Singapore CFD Trading Platforms

Below are our best trading platforms for trading CFDs from MAS regulated brokers:

  • City Index - Best CFD Platform For Tight Spreads & Overall
  • Saxo Markets - Good For Range Of Financial Instruments
  • CMC Markets - Top Trading Platform For ETFs And Stock Index
  • OANDA - Best Broker With MetaTrader 4 CFD Trading Platform
  • Interactive Brokers - Good CFD Platform For Currency Pairs
  • Plus500 - CFD Platform With Risk Management Features
  • IG Group - Top CFD Platform For Cryptocurrency Trading
Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
66 ASIC, MAS, FCA 0.70 1.1 2.2 0.07 0.011 0.8 $2.50 95ms $150 84+ 25+ 30:1 500:1 Visit Site
54 ASIC, FINMA
FCA, MAS
1.20 1.8 0.9 - - - - 135ms $2000 209+ 9+ 50:1 50:1 Visit Site
69 ASIC, MAS, FCA
CIRO, FMA, BaFin
1.12 1.30 1.64 0.5 0.9 0.6 $2.50 138ms $0 338+ 19+ 30:1 500:1 Visit Site
81 FCA, CIRO, ASIC
MAS, JFSA, FSC-BVI
KNF, NFA/CFTC, MFSA
0.6 0.9 0.7 - - - - - $0 70+ 4+ Visit Site
52 NFA, CFTC, CBI
ASIC, FCA, MAS
CIRO, JFSA
- - - - 0.08%-0.2% 110ms $0 100+ - 30:1 500:1 Visit Site
57 ASIC, CySEC, MAS
FCA, FMA, DFSA
EFSA, FSA, FSCA
1.70 2.3 1.4 - - - - 140ms $100 71+ 15+ 30:1 300:1 Visit Site
71 ASIC, FCA, BaFin
FINMA, NFA/CFTC, MAS
CySEC, DFSA, FMA
JFSA, BMA, FSCA
1.13 1.66 1.01 0.16 0.59 0.29 $6.00 174ms $450 100+ 12+ 30:1 200:1 Visit Site

1. City Index Best CFD Platform For Tight Spreads & Overall

City Index

Forex Panel Score

68

Average Spread

EUR/USD = 0.7
GBP/USD = 1.1
AUD/USD = 2.2

Trading Platforms

MT4, TradingView,
City Index WebTrader

Minimum Deposit

$0

Why We Recommend City Index

We liked City Index as they have narrow spreads and low trading costs, which can make a world of difference to your profit margins. With over 35 years of expertise and a clientele of over 150,000 retail traders worldwide, they’ve earned their reputation. This isn’t a newcomer trying to make a name; it’s an established platform that knows the ropes and delivers consistently.

Pros & Cons

  • Tight standard account spreads
  • Good trading platforms for beginners
  • Extensive choice of CFD products
  • Limited range of products on MT4
  • Lacks MetaTrader 5
  • WebTrader platform has a learning curve

Broker Details

City Index offers the best CFD trading platform Singapore traders can access. With over 35 years of experience serving +150,000 retail traders from across the world, City Index was selected as the best CFD platform for tight spreads and low trading fees. Our team of experts hand-picked City Index due to three factors, including:

  • +4,500 financial markets with tight spreads (Singapore Index CFD spread of 0.8 points and spread starting from 0.5 points on forex currency pairs)
  • Best CFD trading platforms (HTML5 Web Trader platform, AT Pro platform, MetaTrader 4 and iOS/Android mobile Apps)
  • Advanced trading tools (technical analysis and fundamental analysis portal, auto-trading strategies, multiple order execution tools and incorporated real-time news)

City Index is a financial provider of forex and CFD trading authorised and regulated in 8 Tier 1 jurisdictions, including the local regulatory agency MAS. City Index is part of Gain Capital Group, which gives CFD traders market access in line with the rules imposed by the following regulatory bodies:

  • Monetary Authority of Singapore (MAS) with registration number 200400922KMonetary Authority of Singapore (MAS)
  • Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the USA
  • Investment Industry Regulatory Organization (IIROC) in Canada
  • Financial Conduct Authority (FCA) in the UK
  • Australian Securities and Investments Commission(ASIC) in Australia
  • Financial Services Agency (FSA) in Japan
  • Cayman Islands Monetary Authority (CIMA) in the Cayman Islands

Below, our team of experts at Compare Forex Brokers will assess and rank City Index Singapore for its trading CFD conditions.

Trade CFDs With Tight Spreads

City Index Singapore offers the lowest spreads and zero commissions for trading CFDs among the CFD brokers we reviewed. When you buy and sell CFD financial instruments, you must first overcome the spread for your position to become profitable. That’s why CFD brokers offering tight spreads are critical for successful trading.

City Index offers competitive spreads across a wide range of Contracts for Difference (CFD), including:

  • CFD forex trading in +65 FX pairs (average EUR/USD spread of 0.8 pips, AUD/USD spread of 0.9, USD/SGD spread of 4.8)
  • CFD stock index in 15 global indices (Singaporean Index and US SP 500 fixed spread of 0.4 points)
  • Trade stock CFDs in +4,500 global shares (commission rate in Singapore shares expressed in SGD is 0.08% or SGD 10 minimum, and in Singapore shares expressed in USD is 1.5 cents per share or USD 15 minimum)
  • CFD trading on 8 cryptocurrency price movements (Bitcoin spread of USD 35)
  • CFD trading on 26 commodities (US Crude Oil variable spreads of 0.4 points)
  • CFD trading on 5 major metals (Gold variable spread of 0.5 points, the Silver variable spread of 2.5 points)

Singapore CFD tight Spreads
Disclaimer* City Index offers transparent CFD rates across all the different asset classes that can be found on their online trading platform. In this regard, it’s good to know that depending on the global markets you wish you trade, City Index runs two pricing models:

  • Fixed spreads model (Index CFD and forex trading)
  • Variable spread model (stock CFDs and some commodities)

CFD Global Markets
CFD Brokers With The Best Trading Platform

City Index Singapore was also our top pick for the best CFD brokers with powerful trading platforms. When we reviewed CFD brokers in Singapore for their trading platform features, City Index scored the most points due to:

  • A proprietary trading platform built by City Index experts (AT Pro designed for experienced traders)
  • Cutting-edge charts with one-click trading featureBest CFD Trading Platform Singapore
  • Good selection of technical indicators (+65 indicators)
  • Hedging tools help you mitigate the risk of adverse price movements when trading complex instruments
  • Display multiple chart types (10 chart types)
  • A good amount of drawing and study tools
  • Fully Customisable Web Trader platform with a 360-degree market view (compatible internet browsers: Chrome, Internet Explorer and Mozilla Firefox 52)
  • Trading Forex on the popular MetaTrader 4 platform with leverage up to 20:1
  • Incorporated market news and analysis powered by City Index research team of experts
  • Easy funding methods to deposit and withdraw funds, including bank transfers and credit cards.

Final Words – Best Forex And CFD Trading Platform In Singapore

City Index is a MAS regulated broker that offers the best range of CFD trading platforms for Singapore residents. City index will keep your funds segregated from the company’s money so you can trade with trust. Singaporean traders can start trading with a free demo account by clicking the button below.

2. Saxo Markets Good For Range Of Financial Instruments

Saxo Markets

Forex Panel Score

52

Average Spread

EUR/USD = 1.2
GBP/USD = 1.8
AUD/USD = 0.9

Trading Platforms

MT4, TradingView,
SaxoTraderGo, SaxoTraderPro

Minimum Deposit

$10,000

Why We Recommend Saxo Markets

We liked Saxo Markets because no other platform comes close to offering access to more than 9,000 global CFD markets that span equities, currencies, indices, and beyond. What’s more, Saxo Markets isn’t just a wide-reaching platform; it’s also a trustworthy one. They adhere to rigorous regulatory standards in 15 countries. If you’re a Singaporean trader looking to diversify your CFD portfolio, Saxo Markets should be a top contender on your list.

Pros & Cons

  • Comprehensive choice financial markets
  • Well regulated
  • Excellent trading tools on SaxoTraderGo
  • Highest minimum deposit
  • SaxoTraderGo has a learning curve
  • Lacks live chat and 24/7 customer support

Broker Details

After reviewing the best CFD brokers for Singaporean residents, Saxo Markets offers the most CFD markets. Saxo Markets is a gateway to over 9,000 CFD global markets, including stocks, foreign exchange currencies, indices and more.

Saxo Markets is a leading global Forex and CFD provider, which complies with stringent regulatory requirements in 15 jurisdictions across the globe, including Denmark, the United Kingdom, Australia and Singapore:

  • Saxo Capital Markets Ltd is authorised and regulated by the UK’s Financial Conduct Authority (FCA)
  • Saxo Capital Markets Pte Ltd, another subsidiary of Saxo Bank, is authorised and regulated by the Monetary Authority of Singapore (MAS)
  • Saxo Capital Markets (Australia) Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC)

Singapore CFD traders

Among the top regulated brokerages servicing Singaporean clients we reviewed, Saxo offers the most extensive range of financial instruments. The company provides access to over 40,000 tradable instruments grouped in several asset classes through its award-winning trading platforms – SaxoTraderGO, SaxoInvestor and SaxoTraderPRO.

All these platforms can be accessed from a single trading account opened with the broker. Singapore-based traders have a choice of three account types:

  • Classic Account, which has a minimum deposit requirement of SGD 3,000 and features tight entry prices and 24/5 technical and account support,
  • Platinum Account, which has a minimum deposit requirement of SGD 300,000 and features up to 30% lower prices, 24/5 technical and account support and priority customer support,
  • VIP Account, which has a minimum deposit requirement of SGD 1,500,000 and features the broker’s best prices, 24/5 technical and account support, priority customer support, direct access to Saxo trading experts, and exclusive event invitations, among other benefits.

CFD Trading Accounts
Forex And CFD Trading With Saxo Markets
Singaporean retail clients can choose from an array of tradable assets as follows:

  • Foreign Exchange – 182 major, minor and exotic currency pairs with tight spreads of as low as 0.6 pips (Classic Account) and 0.4 pips (VIP Account) on EUR/USD. Pricing is derived from a wide range of top-tier institutions. Retail margin requirements range between 5% on majors to 20% on some exotic pairs.
  • Forex Options – 44 vanilla options contracts with maturities from 1 day to 12 months and competitive spreads of as low as 5.0 pips (Classic Account) and 3.0 pips (VIP Account) on EUR/USD. Spreads will vary depending on the maturity and strike price of options.
  • CFDs on Stock Indices – 29 major and minor Indices with spreads of as low as 1.8 points (Classic Account) and 1.4 points (VIP Account) on Dow Jones 30 Industrial Average. Margin requirements range between 5% and 20%. Additionally, Saxo offers 15 Index Option CFD contracts.
  • Stock CFDs – more than 8,800 individual Stocks. Margin requirements depend on the stock rating defined by Saxo – 20% on Rating 1 and 50% on Rating 5. Stock ratings depend on the tradable asset’s market capitalisation, liquidity and volatility. Trading CFDs on Equities is associated with certain commissions – 0.06% (minimum $7.00) for Stocks listed on NASDAQ and New York Stock Exchange for Classic Accounts and 0.04% (minimum $3.00) for VIP Accounts. Additionally, Saxo offers CFDs on 675 Exchange-Traded Funds (ETFs).
  • CFDs on Bonds – 5 contracts with spreads of as low as 0.030 points (Classic Account) and 0.020 points (VIP Account) on 10-Year German Bund. Margin requirements for Bond CFDs equal 20%.
  • CFDs on Commodities – 19 contracts on Metals, Energies, Agriculture and Soft Commodities. The minimum spread on Gold is 0.60 for Classic Accounts and 0.50 for VIP Accounts, while the typical margin requirement for Commodity CFDs is 10%.

CFD Trading Spreads
Note* The above table outlines the typical CFD spreads offered on the Classic trading account.

Other Leveraged Products Offered To Singapore Traders

Saxo also offers its Singaporean investors access to industry-leading prices to complex and high-risk leveraged products, including:

  • Futures – more than 200 Futures contracts from 23 exchanges across the globe that cover assets such as Energies, Metals, Agriculture Commodities, Stock Indices, Interest Rates and Foreign Exchange. Futures trading will incur a small commission – $6.00 (Classic Account) and $1.25 (VIP Account).
  • Listed Options – more than 1,200 Options contracts from 23 exchanges covering a range of assets. Options trading with Saxo is associated with competitive commissions. For US Stock Options, for instance, the broker will charge a commission of $3.00 (Classic Account) and $1.25 (VIP Account). For US Cash Index Options, the commissions charged will be $6.00 (Classic Account) and $1.25 (VIP Account).

CFD Futures Comissions
Final Words – Best CFD Brokers For Range On Tradable Instruments

With over 800,000 traders, Saxo Markets is a global leader in CFD trading. The proprietary CFD trading platforms offered by Saxo are user-friendly and they come with powerful tools, integrated trading signals and a wide range of CFD markets.

View Saxo Markets ReviewVisit Saxo Markets

3. CMC Markets Top Trading Platform For ETFs And Stock Index

CMC Markets

Forex Panel Score

74

Average Spread

EUR/USD = 1.12
GBP/USD = 1.3
AUD/USD = 1.64

Trading Platforms

MT4, CMC NGEN

Minimum Deposit

$0

Why We Recommend CMC Markets

We liked CMC Markets for its Next Generation platform, especially if you’re keen on trading ETFs and major stock indices. This platform offers exceptionally competitive spreads for Singaporean traders—starting as low as 0.7 points for FX pairs and 0.3 points for the most traded global stock indices. It’s not just about great spreads; it’s also about reliable, cutting-edge trading technology that works for you. And if you’re keen to give it a whirl before diving in, they offer a free sample account.

Pros & Cons

  • Superb choice of ETFs and indices
  • Excellent NGEN trading platform
  • Competitive trading fees
  • Limited support with mobile app
  • Too many FX pair variations (330+)
  • Limited social trading tools

Broker Details

CMC Markets offers the best technological solution when we compared the best CFD platforms for trading indices like the Dow Jones index, S&P 500 index, FTSE 100, China’s SHCOMP or the Singapore Stock Market index STI. Based in London, CMC Markets is a reputable CFD and Forex broker with offices across continental Europe and the Asia Pacific region:
Next generation Trading Platform

  • CMC Markets UK and European operations are authorised and regulated by the UK’s FCA and Germany’s BaFIN
  • CMC Markets Singapore Pte. Ltd. is authorised and regulated by the Monetary Authority of Singapore to provide financial services, including the offering of high-risk, over-the-counter derivative instruments known as Contracts for Difference, to local clientele

Our review has concluded that CMC Markets offers Singapore-based clients the most extensive list of global Stock Indices and ETFs available to trade as CFDs.

Singapore Clients Can Trade CFDs On Up To 95 Stock Indices

We’ve explored the brokerage’s offerings and can confirm that it provides 95 Stock Index CFD contracts across its two primary account types: the CFD Account and the Corporate Account. Both are available with a maximum leverage of 1:50, and, notably, there’s no minimum deposit requirement. We accessed these Index CFD products via the broker’s MetaTrader 4 platform and their award-winning CFD trading app, which impressed us with its real-time charting capabilities and a suite of over 35 technical indicators and drawing tools.

Singapore-based clients can trade the MSCI Singapore Free Index with spreads of as low as 0.3 points and the Dow Jones 30 Industrial Average with a minimum spread of 1.6 points. The table below presents the margin requirements, trading hours, and minimum spreads on other popular Stock Indices.

Index CFD Trading Singapore

CMC Markets Offer CFDs On 1,000 ETFs

In addition to Stock Index CFDs, we found that the broker gives access to an extensive range of global assets. Specifically, you can trade more than 8,400 global Stocks and 1,000 ETFs through Contracts for Difference (CFDs). If you want to trade Singaporean Shares CFDs, CMC Markets charges a commission of 0.10% with a minimum of SGD 10.00 for both opening and closing positions. For those interested in US Stocks, the commission fee stands at $0.02 per share. We also noted that margin requirements for these assets vary, ranging between 10% and 20%.

The following table visualises the minimum commission charged, the trading hours and other specifications associated with Stock trading.

Stock CFD Trading Singapore

Other CFD Trading Charges

It is essential to note that the broker offers certain risk management tools so that clients can protect their active positions and handle high leverage ratios. One such tool is the Guaranteed Stop-Loss Order, which sets an absolute limit on potential losses and closes the position at the specified price level with 100% certainty.

However, CMC Markets will charge a premium for using this tool. For example, when trading 5 CFD contracts in Dow Jones 30, Singapore-based clients will be charged a premium of SGD 6.61 for placing a Guaranteed Stop-Loss Order. If not triggered, the broker will refund the full amount of the original premium.

guaranteed stop loss singapore

Final Words – Best Brokers For Stock CFD Trading

At CMC Markets, Singapore clients can enjoy powerful trading technology through the award-winning Next Generation platform. The spread starts from 0.7 points on FX pairs and 0.3 points on the world’s most popular stock indices. Grab your free demo account by clicking the button below.

View CMC Markets ReviewVisit CMC Markets

4. OANDA Best Broker With MetaTrader 4 CFD Trading Platform

OANDA

Forex Panel Score

71

Average Spread

EUR/USD = 0.6
GBP/USD = 0.9
AUD/USD = 0.7

Trading Platforms

MT4, TradingView,
OANDA Web (fxTrade)

Minimum Deposit

$0

Why We Recommend OANDA

We liked OANDA’s strong MetaTrader 4 offering, making it a top choice for Singaporean traders who prefer this platform. OANDA has designed a unique bridge that connects Singapore traders to MT4, the world’s most popular retail forex trading platform. This feature earned OANDA top marks in our exclusive star ranking system. Plus, if you’re just starting your trading journey, OANDA removes one significant hurdle: no minimum deposit requirements.

Pros & Cons

  • No minimum deposit required
  • Competitive spreads
  • Premium MT4 plugin available
  • Market maker broker
  • Limited resources for beginners
  • Support is not 24/7

Broker Details

OANDA was awarded the prize of the best MetaTrader 4 broker due to 4 factors:

  • MetaTrader4 platform is powered by OANDA V20 price execution engine
  • Execution speed on market orders of 0.001 seconds
  • Core spreads on +70 currency pairs with hedging capabilities
  • MetaTrader4 bridge for desktop, mobile and web platforms

OANDA Corp, founded in 1995, is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the US Commodity Futures Trading Commission. Additionally, the CFD and Forex broker is authorised to operate in several other jurisdictions:

  • Canada – OANDA (Canada) Corp ULC, regulated by the Investment Industry Regulatory Organization of Canada (IIROC)
  • Australia – OANDA Australia Pty Ltd, regulated by the ASIC
  • Singapore – OANDA Asia Pacific Pte Ltd, regulated by the Monetary Authority of Singapore
  • The United Kingdom – OANDA Europe Limited, regulated by the FCA

Among the top regulated CFD brokers in Singapore we reviewed, OANDA offers the most competitive MetaTrader 4 software solution. OANDA’s custom-built bridge combines the broker’s pricing and execution with the charting and analytical capabilities of the MetaTrader 4 platform.

Best MetaTrader 4 Broker Singapore

OANDA’s MT4 Offers A Full Suite Of Trading Tools

With OANDA’s user-friendly MT4 solution, Singapore-based traders are able to take advantage of:

  • Advanced charting package – more than 50 built-in technical indicators, 9-time frames and multiple displays
  • Automated trading tools (Expert Advisors) by third parties, which allow clients to build trading algorithms and backtest trading strategies
  • Superior technical analysis package, accessed as a plug-in on the MT4 trading platform – intraday market scanning, trade execution directly from the interface, automatic chart pattern recognition and pattern quality indicators, automated alerts for specified patterns
  • Tight spreads that start from 0.6 pips on EUR/USD with the Depth of Market (DOM), accessed through the OANDA MT4 plugin
  • Instant market access, with trade execution speed being 0.012 seconds
  • CFDs on more than 70 currency pairs
  • Independent market analysis webinars every week
  • Variety of risk management orders, including Stop Loss orders
  • MT4 open order indicator – Traders can make their decisions based on retail pricing sentiment, view aggregate open orders and open positions by OANDA clients directly on the MT4 charts and benefit from clearly visible levels of support and resistance on the charts
  • OANDA MT4 mobile app for Android- and iOS-based devices – features 32 overlay indicators, 11 drawing tools and 9 types of charts
  • 24/5 professional customer support

oanda trading platform

Start Trading With OANDA’s Free Practice Account

The broker also offers a free Demo Account with unlimited virtual funds, with which CFD traders can get a taste of real market conditions with live pricing. The Demo Account can be used for as long as OANDA clients want.

Forex Demo Trading Account

Final Words  – Best MetaTrader4 Broker In Singapore

The MetaTrader 4 (MT4) trading platform is the world’s most popular retail forex platform. OANDA won the most points in our proprietary star scoring system as its custom-built bridge connects Singaporean traders to the best technological solution for MT4. OANDA doesn’t enforce any minimum deposit amounts, so you’re free to start your trading journey with no financial commitment.

View OANDA ReviewVisit OANDA

5. Interactive Brokers Good CFD Platform For Currency Pairs

Interactive Brokers

Forex Panel Score

51

Average Spread

EUR/USD = N/A
GBP/USD = N/A
AUD/USD = N/A

Trading Platforms

Trader Workstation

Minimum Deposit

$0

Why We Recommend Interactive Brokers

We liked Interactive Brokers’ breadth of forex currency options, specifically offering 105 currency pairs for trading. This makes it a top choice for Singaporean traders looking to diversify their forex portfolio. With more than 40 years of experience in the industry, Interactive Brokers brings not just variety but also expertise and reliability to the table. The firm is based in the US but offers some of the best retail forex investor accounts through its Singapore operations.

Pros & Cons

  • Extensive selection of forex pairs
  • No minimum deposit required
  • Good range of trading tools
  • Has a minimum commission of $2 per trade
  • IBKR platform has a learning curve
  • Lacks choice of third-party trading platforms

Broker Details

Based on our proprietary star scoring system, Interactive Brokers takes the cake as the leading platform for forex trading in CFD currency trading. As the biggest US-based brokerage trading firm, IB Singapore emerges as the superior choice for retail forex investor accounts thanks to five key features:

  • Range of spot FX pairs (105)
  • Multi-award-winning platform (Barron’s 2018 Best Online Brokers Ranking)
  • Direct market access (DMA) to interbank FX quotes
  • A specialised platform for the forex market
  • ECN liquidity

Interactive Brokers Group is a global brokerage with a business history spanning over 40 years. It provides services like direct access, trade execution, and clearing services across numerous financial markets. The parent company, IB Group, has several regulated entities:

  • Interactive Brokers LLC, regulated by the US Securities and Exchange Commission (SEC) and by the Commodity Futures Trading Commission (CFTC),
  • Interactive Brokers Canada Inc., a member of the Investment Industry Regulatory Organization of Canada (IIROC) and of the Canadian Investor Protection Fund,
  • Interactive Brokers U.K. Limited, regulated by the FCA,
  • Interactive Brokers Australia Pty. Ltd, regulated by the ASIC,
  • Interactive Brokers Hong Kong Limited, regulated by the Hong Kong Securities and Futures Commission,
  • Interactive Brokers Securities Japan Inc., regulated by the Kanto Local Finance Bureau

Note* The broker also adheres to regulatory standards in Luxembourg and India.

Forex Trading With Interactive Brokers

With IB, Singapore-based traders are granted direct market access (DMA) to interbank quotes from 17 of the world’s largest Forex dealing financial institutions. The broker offers a total of 105 major, minor and exotic currency pairs comprised of 23 trading currencies – USD, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, ZAR, KRW.

You can take advantage of the best bid and ask prices derived directly from a number of liquidity providers, with spreads being as low as 1/10 pip.

The broker will charge a small commission of 0.08 to 0.20 basis points depending on trade size, with the minimum commission being $2.00 (or currency equivalent) per trade.

Forex Trading Platform

FX Trader is the optimised trading software offered by Interactive Brokers. It features trading tools designed by the broker and supports more than 20 order types,  including trailing stop limits, brackets, one cancels all, limit if touched and scale. The platform also offers an easily customisable layout, with every currency pair’s “trading cell” showing the position, average cost, and Profit and Loss data.

Final Words – Best Online Platform For Currency Trading

All things considered, Interactive Brokers offers the most robust online trading service for traders who aim to capitalise on price fluctuations in the forex market. Furthermore, you’ll also have access to over 6,100 CFD instruments, making it a versatile platform for seasoned traders.

6. Plus500 CFD Platform With Risk Management Features

Plus500

Forex Panel Score

56

Average Spread

EUR/USD = 1.7
GBP/USD = 2.3
AUD/USD = 1.4

Trading Platforms

Plus500 Trading Platform

Minimum Deposit

$100

Why We Recommend Plus500

We liked Plus500 for its comprehensive approach to risk management. As a London Stock Exchange-listed company, it operates within stringent regulatory frameworks that prioritise trader safety. What sets Plus500 apart is its automated risk management features, giving CFD traders in Singapore the tools they need to keep their trading risks in check. If you’re keen on safeguarding your investments while enjoying the dynamics of CFD trading, Plus500 should be on your radar.

Pros & Cons

  • Good platform for beginners
  • Low spread trading account
  • Offers good risk management tools
  • No third-party platforms available
  • Lacks market research tools
  • Inactivity fee

Broker Details

In our experience with Plus500, a CFD provider listed on the London Stock Exchange, we found it offers a comprehensive risk management software solution. This comes as a necessity since regulatory frameworks mandate that brokers equip traders with tools for limiting trading risks. The risk management arsenal provided by Plus500 is a game-changer for CFD traders looking to keep their risks in check automatically.

Plus500 risk management solution includes the following features:

  • Guaranteed Stop Loss Order (GSLO) – helps minimise CFD losses by eliminating slippage
  • Negative Balance Protection (NBP) – safeguards your deposit funds (you can’t lose more than your account balance)
  • Advanced order tools – trailing stop loss, stop limit and stop-loss orders
  • Realtime alerts – for changes in the price of your favourite CFD instruments, percentage changes and market sentiment notifications
  • Pop-up notifications about the latest news events

Plus500 operates in Singapore through its subsidiary Plus500SG Pte Ltd, which abides by the regulatory frameworks imposed by the Monetary Authority of Singapore (MAS). Additionally, Plus500 is licensed to provide online CFD trading by another 3 tier-1 regulatory bodies in the UK, Cyprus (UE) and Australia.

Risk Management SoftwareNote* In trading, risk management tools are built-in features that come with your trading software. The risk tools are designed to protect and help traders better manage currency risk and CFD risk.

Plus500 Bonuses And Trade Rebates

Plus500 stands out as the only MAS-regulated CFD provider offering welcome deposit bonuses. Depending on the size of your initial deposit, Singaporean traders can receive a deposit bonus of up to SGD 13,000, usable as a margin for future trades.

The one-time CFD bonus can range in size, depending on the initial deposit made. To be eligible to receive the minimum deposit bonus of SGD 80, you need a minimum deposit of SGD 300. You can refer to the table below for a comprehensive list of welcome bonuses.

Welcome Deposit Bonus CFD
Note* The deposit bonus is available for withdrawal after 90 days only if the trader has completed a certain trading volume as stipulated in the Plus500 Bonus Terms & Conditions.

Additionally, within the first 12 days from your initial deposit, you’re automatically enrolled in Plus500’s Rebates Program. CFD rebates are credited to your account at the end of each week.

Note* The trading rebates are a way to increase your profits by gaining cashback each time you place a trade. Usually, the trading rebates can come in the form of reduced spreads. 

Final Words – Best CFD Platform With Risk Management Tools

In summary, Plus500 offers an invaluable set of risk management tools, potentially saving your account from unwarranted losses. You can kick off your trading on popular CFD instruments in Singapore, like USD/SGD, Singapore 25, and Singapore Shares, by clicking the button below.

View Plus500 ReviewVisit Plus500

*Your capital is at risk ‘72% of retail CFD accounts lose money’

7. IG Group Top CFD Platform For Cryptocurrency Trading

IG Group

Forex Panel Score

81

Average Spread

EUR/USD = 1.13
GBP/USD = 1.66
AUD/USD = 1.01

Trading Platforms

MT4, IG Trading Platform,
L2 Dealer, ProRealTime

Minimum Deposit

$0

Why We Recommend IG Group

We liked IG Markets as the go-to platform for cryptocurrency trading, especially if you’re based in Singapore. They offer free trades on eight major digital currencies like Bitcoin, Ethereum, and Litecoin. IG Markets is a part of the established IG Group Holdings Plc, with a trading history dating back to 1974 and operations across 16 countries on five continents. If you’re keen to dive into the crypto world, this platform provides variety and the backing of a time-tested, multi-regulated broker.

Pros & Cons

  • Offers a range of popular cryptocurrencies
  • Provides good trading tools
  • IG trading platform is user-friendly
  • High minimum deposit
  • No social trading tools
  • MT4 has limited access to some trading products

Broker Details

We compared the top CFD platforms that allow you to trade Bitcoin and other cryptocurrencies and found that IG Markets offers the best solution. At IG, Singaporean residents can trade 8 major digital coins (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar, NEO and EOS) with zero commissions and do electronic wallet. IG Group Holdings Plc, established in 1974, is a reputable multi-regulated CFD and Forex broker operating in 16 countries across 5 continents, including:

  • IG Markets Ltd is authorised and regulated by the UK’s FCA
  • IG Markets Limited is authorised and regulated by the Australian Securities and Investments Commission (ASIC)
  • IG Asia Pte Ltd is licensed and regulated by the Monetary Authority of Singapore (MAS)
  • IG Asia Pte Ltd is licensed and regulated by the Monetary Authority of Singapore (MAS)
  • IG Europe is licensed and regulated by BaFIN in Germany

Bitcoin CFD Trading PlatformIG Markets boasts an expansive suite of trading platforms to cater to its 178,000-plus clientele, including:

  • IG’s proprietary Web-based platform (Webtrader)
  • MetaTrader 4
  • Advanced platforms (L2 dealer, ProRealTime)
  • Mobile Trading Apps

Our review has concluded that IG has the best Cryptocurrency CFD offering for Singaporean traders.

Cryptocurrency Trading With IG Markets

The broker offers 8 of the most popular digital currencies, which can be traded as CFD contracts on all of its platforms with no commissions charged (traders pay only the spread). These products are also available on IG’s Demo Account.

Singapore-based clients can trade Bitcoin with:

  • A minimum spread of 36 points
  • A minimum margin requirement of 20%
  • Trade cryptocurrency directly from the broker’s MT4 trading platform

We should note that larger position sizes will require more margin, as per IG’s tiered margin policy. Tiers depend on the number of contracts included in a trader’s position. For example, trading 70 or more CFD contracts in Bitcoin will require a margin of 30%, while 140 or more contracts – a margin of 75%.

Cryptocurrency CFD Trading

Cryptocurrency CFD specifications for all digital coins available on IG Markets’ MT4 trading platform are presented in the following table. It also shows the risk premium the broker will charge if a trader’s Guaranteed Stop Loss order is triggered.

CFD Bitcoin Trading

Final Words – Best Cryptocurrency Platform For CFD Trading

In conclusion, trading with IG allows you to access advanced platforms well-suited for cryptocurrency trading. For Singaporean residents, this enables speculation on the ups and downs of crypto prices without the hassle of opening an exchange account. Add to that attractive leverage options and improved liquidity, and you’ve got a compelling offering. You can take their platforms for a spin with a 30-day Free Demo account by clicking the button below.

View IG Markets ReviewVisit IG