Best Forex Trading Platform For Beginners: Singapore

Here are our top trading platforms for beginner traders from MAS regulated brokers

  • City Index City Index - Best Trading Platforms For Beginners Overall
  • oanda logo Oanda - Top MetaTrader 4 Platform For Beginner Traders
  • Saxo Markets Saxo - Offers Good Range of Financial Instruments
  • eToro eToro - Best Beginner Platform For Social Trading
  • CMC Markets CMC Markets - Top Beginner Platform for Risk Management
  • interactive brokers logo Interactive Brokers - Good WebTrader Platform
  • IG IG - Top Choice For CFD Range for Beginner Traders

City Index
Oanda
Saxo Capital Markets
eToro
CMC Markets
Our Rating
6.83
8.83
6.0
7.17
7.17
Trade in 4,500 markets
Fast Execution
CFD and Underlying assets for trade
CopyTrader functionality
for automated trading
Offers both CFD and Stock trading

Regulations and Licenses

Feature
City Index
Oanda
Saxo Capital Markets
eToro
CMC Markets
MAS (Singapore)
FSA (Seychelles)

Brokerage

Feature
City Index
Oanda
Saxo Capital Markets
eToro
CMC Markets
EUR/USD Avg. Raw Spread
-
-
-
-
-
GBP/USD Avg. Raw Spread
-
-
-
-
-
AUD/USD Avg. Raw Spread
-
-
-
-
-
EUR/USD Standard Spread
0.80
1.1
1.20
3.00
0.73
EUR/USD Fixed Spreads
-
-
-
-
Commissions (USD Base)
-
$3.50
-
-
-
Minimum Deposit
$150
$0
$2000
$200
$0
Swap Free Account
No Inactivity Fees
Funding Methods
6+
6+
5+
11+
6+
No Funding Fees

Markets and Instruments

Feature
City Index
Oanda
Saxo Capital Markets
eToro
CMC Markets
Currency Pairs
84+
70+
209+
49+
338+
Cryptocurrency CFDs*
25+
4+
9+
46+
19+
Index CFDs
21+
16+
-
13+
46+
Share CFDs
4500+
-
30,000+
2000+
9,000+
Commodities CFD
46+
34+
19+
33+
124+
Stockbroking
-
-
-
2000+
9,000+
Retail Max. Leverage (Singapore)
Major Pairs 20:1
Minor Pairs 10:1
Major Pairs 20:1
Major Pairs 20:1
Minor Pairs 16:1
-
Major Pairs 20:1
Minor Pairs 10:1
Pro. Max. Leverage (Singapore)
50:1
100:1
-
-
500:1
Retail Max. Leverage (With offshore regulators)
-
100:1
50:1
400:1
Major Pairs 30:1
Minor Pairs 20:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
City Index
Oanda
Saxo Capital Markets
eToro
CMC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

City Index
Oanda
Saxo Capital Markets
eToro
CMC Markets
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 6.83 ASIC, MAS - - - 145ms $150 84+ 25+ 30:1 500:1
Visit Broker > 8.83 FCA, IIROC
ASIC, FSC BVI
- - - - $0 70+ 4+
Visit Broker > 6.0 DFSA, FINMA
CySEC, SCA
- - - 135ms $2000 209+ 9+ 50:1 50:1
Visit Broker > 7.17 ASIC, CySEC
FCA, FSA
- - - 130ms $200 49+ 46+ 30:1 400:1
Visit Broker > 7.17 ASIC, MAS
FCA, IIROC
- - - 140 $0 338+ 19+ 30:1 500:1