Best Forex Trading Platform For Beginners: Singapore

Here are our top trading platforms for beginner traders from MAS regulated brokersBest-Forex-Trading-Platforms-For-Beginners-Singapore-snippet-image

  • City Index Best Trading Platforms For Beginners Overall
  • Oanda – Top MetaTrader 4 Platform For Beginner Traders
  • Saxo – Offers Good Range of Financial Instruments
  • eToro – Best Beginner Platform For Social Trading
  • CMC Markets – Top Beginner Platform for Risk Management
  • Interactive Brokers – Good WebTrader Platform
  • SwissQuote – Best MetaTrader 5 Platform For Beginners
  • IG – Top Choice For CFD Range for Beginner Traders



Broker Reviewed

City Index
Oanda
CMC Markets
Saxo Capital Markets
etoro
Our Rating
6.83
7.33
7.17
6.0
7.17
71% of retail CFD accounts lose money
73.5% of retail investor accounts lose money when trading CFDs
78% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider
182 spot pairs + 140 forwards
Best for social trading

Regulations and Licenses

Feature
City Index
Oanda
CMC Markets
Saxo Capital Markets
etoro
MAS (Singapore)
FSCA (South Africa)

Brokerage

Feature
City Index
Oanda
CMC Markets
Saxo Capital Markets
etoro
EUR/USD Avg. Raw Spread
0.2
GBP/USD Avg. Raw Spread
N/A
AUD/USD Avg. Raw Spread
N/A
EUR/USD Standard Spread
0.8
1.1
1.2
1.1
3.0
EUR/USD Fixed Spreads
N/A
3.0
Commissions (USD Base)
0.8
$5.00
Commission Rebates
Minimum Deposit
$0
$0
USD $10000
USD$200
Swap Free Account
No Inactivity Fees
Funding Methods
6
6
6
5
6
No Funding Fees

Markets and Instruments

Feature
City Index
Oanda
CMC Markets
Saxo Capital Markets
etoro
Currency Pairs
84+
70+
339+
180+
47+
Cryptocurrency CFDs
5+
1+
12+
98+
Index CFDs
21+
16+
46+
13+
Share CFDs
4500+
9000+
20,000+
2000+
Commodities CFD
29+
31+
111+
70+
12+
Stockbroking
9000+
2000+
Retail Max. Leverage
500:1 (ASIC)
30:1 (FCA)
20:1 (MAS)
50:1 (Bank of UAE)
20:1
30:1 (Europe)
20:1 (Singapore)
500:1 (Australia / International)
30:1 (FCA)
100:1 (ASIC)
20:1 (MAS)
50:1 (Central Bank of UAE)
30:1 (FCA/CySEC)
400:1 (ASIC)
Professional Leverage
500:1 (FCA)
100:1
500:1
100:1
400:1

Trading Platforms + Tools

Feature
City Index
Oanda
CMC Markets
Saxo Capital Markets
etoro
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading

MT4 only
MetaTrader 4 only
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss

FCA only
Guaranteed Neg Protection

FCA only
Only in ESMA regulated territories
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Trade in 4,500 markets
Fast Execution
Offers both CFD and Stock trading
CFD and Underlying assets for trade
CopyTrader functionality
for automated trading
Unique Feature 2
No commission spreads
Customer Service
Trade Treasury notes
In house analysts
Social trading
CFD Platform

Overall

City Index
Oanda
CMC Markets
Saxo Capital Markets
etoro