The 14 brokers on this page, ranked
Ordered by score, highest first, global and desk scores together, as on our list of sixteen, where eight scores come from our global testing and eight were scored from each firm's published Singapore information through the same eight categories, without order-speed tests; on this page, eight carry a global score and six 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 - MT4, MT5 and TradingView platforms
- MultiBank Group - Standard, Pro and ECN accounts
- IG - ProRealTime and L2 Dealer platforms
- CMC Markets - Pre-IPO, options and share basket CFDs
- Interactive Brokers - Deposit and trade in up to 29 currencies
- Saxo - Classic, Platinum and VIP account tiers
- Plus500 - Demo with unlimited virtual funds
- eToro - Funding by PayPal, Skrill or Neteller
- Phillip Nova - NOVA, Phillip MT5 and TradingView
- Phillip Securities (POEMS) - 10 currency ledgers
- UOB Kay Hian (UTRADE) - UTRADE MT4 and UTRADE Delta platforms
- Maybank Securities (Maybank Trade) - Currenex platform for Maybank Forex
- uSMART - Gold and silver CFDs beside stock CFDs
- CGS International - DMA CFDs on more than 21,000 counters
Which 14 brokers on our MAS-licensed list offer CFDs in Singapore?
OTC derivatives, FID
1. OANDA: MT4, MT5 and TradingView platforms
CFD markets its Singapore site names: forex, Index, Share, Precious Metals, Commodity, Crypto, Bonds
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Trade 68 global currency pairs as CFDs with exceptional execution reliability and competitive pricing. | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | Index, Share, Precious Metals, Commodity, Crypto, Bonds | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.8 pips, advertised minimum, Spread only account | Singapore site, 24 September 2026 |
| MAS licence (FID) | OANDA Asia Pacific Pte. Ltd.: leveraged forex not listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
2. MultiBank Group: Standard, Pro and ECN accounts
The score is MultiBank Group's global score; the Singapore entity is MEX Global Markets Pte. Ltd.
CFD markets its Singapore site names: Metals, Shares, Indices, Commodities
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Metals, Shares, Indices, Commodities | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | Not published on the Singapore site | Singapore site searched |
| MAS licence (FID) | MEX Global Markets Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
OTC derivatives, FID
3. IG: ProRealTime and L2 Dealer platforms
CFD markets its Singapore site names: forex, Share, Commodity, Knock-out
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Qualified Accredited Investors can continue to apply the minimum margin of 2% when trading CFDs on foreign exchange. | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | Share CFDs What are stocks, shares and equities? | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | Forex CFDs Commodity CFDs Knock-out CFDs What are knock-outs and how to trade them | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.6 pips, advertised minimum, IG CFD account | Singapore site, 24 September 2026 |
| MAS licence (FID) | IG Asia Pte Ltd: leveraged forex not listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
4. CMC Markets: pre-IPO, options and share basket CFDs
CFD markets its Singapore site names: forex, Indices, Commodities, Shares, Treasuries, Crypto, Share baskets, Options CFDs, Pre-IPO CFDs
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Trade on up to 300 forex pairs with leverage on our award-winning CFD platform¹ | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | OptionsTrade options CFDs on leading global indices Pre-IPOTrade grey market CFDs ahead of a listing | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.5 pips, advertised minimum, CFD (Next Generation) account | Singapore site, 24 September 2026 |
| MAS licence (FID) | CMC Markets Singapore Pte Ltd: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
5. Interactive Brokers: deposit and trade in up to 29 currencies
CFD markets its Singapore site names: forex, Share, Index
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Forex CFDs Gain exposure to currencies around the clock more easily than with many other financial products. | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | Trade CFD Shares, Index and Forex virtually around the clock | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | Not published on the Singapore site | Singapore site searched |
| MAS licence (FID) | Interactive Brokers Singapore Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
6. Saxo: Classic, Platinum and VIP account tiers
CFD markets its Singapore site names: Stock, ETF, Index, Commodity, Bond
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | More than 8,500 stock and ETF CFDs Commission-free trading on index, commodity, or bond CFDs | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.8 pips, advertised minimum, Classic account | Singapore site, 24 September 2026 |
| MAS licence (FID) | Saxo Capital Markets Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
OTC derivatives, FID
7. Plus500: demo with unlimited virtual funds
CFD markets its Singapore site names: forex, Crypto, Indices, Commodities, Shares, Options, ETFs
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Access leveraged Forex CFDs on pairs like EUR/USD, GBP/USD, USD/JPY, and more. | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | Crypto, Indices, Commodities, Shares, Options, ETFs | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | Not published on the Singapore site | Singapore site searched |
| MAS licence (FID) | Plus500SG Pte. Ltd.: leveraged forex not listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
8. eToro: funding by PayPal, Skrill or Neteller
CFD markets its Singapore site names: forex, Crypto, Stocks, ETF, Indices, Commodities
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | etoro offers contracts for differences (CFDs) that offer exposure to currencies, commodities and indices. | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | Crypto, Stocks, ETF, Indices, Commodities | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | Not read: its Singapore spread page did not load | Singapore site, did not load, 24 September 2026 |
| MAS licence (FID) | eToro Singapore Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
9. Phillip Nova: NOVA, Phillip MT5 and TradingView
Scored on six of eight categories; blank: trading costs and trading experience.
CFD markets its Singapore site names: crypto CFDs, CFDs (index, share, ETF per the contract specifications)
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | CFDs (index, share, ETF per the contract specifications) | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | crypto CFDs | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.6 pips, advertised minimum, Phillip MT5 account | Singapore site, 24 September 2026 |
| MAS licence (FID) | Phillip Nova Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
OTC derivatives, FID
10. Phillip Securities (POEMS): 10 currency ledgers
Scored on five of eight categories; blank: trading costs, trading experience and customer service.
CFD markets its Singapore site names: forex, equity CFDs, index CFDs, commodity CFDs
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | FX CFD provides the ability to long or short a currency pair | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | Gain access to >5,000 CFD contracts across Equities CFD, Indices CFD, Commodities CFD and FX CFD! | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.3 pips, advertised minimum, FX CFD account | Singapore site, 24 September 2026 |
| MAS licence (FID) | Phillip Securities Pte Ltd: leveraged forex not listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
11. UOB Kay Hian (UTRADE): UTRADE MT4 and UTRADE Delta platforms
Scored on six of eight categories; blank: trading costs and trading experience.
CFD markets its Singapore site names: equity CFDs, index CFDs
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Utrade Delta (For trading CFDs on Equities and Indices | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 1.8 pips, advertised minimum, LFX account | Singapore site, 24 September 2026 |
| MAS licence (FID) | UOB Kay Hian Private Limited: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
12. Maybank Securities (Maybank Trade): Currenex platform for Maybank Forex
38.1/100
#12 of 14
on this page
Scored on seven of eight categories; blank: trading experience.
CFD markets its Singapore site names: share CFDs
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Leverage your deposit by up to 10 times for Share CFDs. | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 1.3 or 1.0 pips, advertised typical (two of its pages differ), Maybank Forex account | Singapore site, 24 September 2026 |
| MAS licence (FID) | Maybank Securities Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
OTC derivatives, FID
13. uSMART: gold and silver CFDs beside stock CFDs
Scored on six of eight categories; blank: trading costs and funding.
CFD markets its Singapore site names: forex, stock CFDs
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | Forex CFD is an alternative means of trading on forex currency pairs, allowing you to particpate in the movement of the underlying instrument without actually owning the underlying currency. | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | stock CFDs | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | 0.5 pips, advertised minimum, FX CFD account | Singapore site, 24 September 2026 |
| MAS licence (FID) | uSMART Securities (Singapore) Pte. Ltd.: leveraged forex not listed, OTC derivatives listed | FID, 24 September 2026 |
Leveraged forex and OTC derivatives, FID
14. CGS International: DMA CFDs on more than 21,000 counters
Scored on five of eight categories; blank: trading costs, trading experience and funding.
CFD markets its Singapore site names: DMA equity CFDs, index and commodity futures CFDs
Sources
| Fact | As stated | Source |
|---|---|---|
| CFDs, as the Singapore site states it | index and commodity futures CFDs | Singapore site, 24 September 2026 |
| CFDs, as the Singapore site states it | DMA equity CFDs | Singapore site, 24 September 2026 |
| Advertised EUR/USD spread | EUR/USD not named; spreads from 0.7 pips, advertised minimum | Singapore site searched |
| MAS licence (FID) | CGS International Securities Singapore Pte. Ltd.: leveraged forex listed, OTC derivatives listed | FID, 24 September 2026 |
CFDs at the 14 brokers, side by side
As you compare these brokers, I would start with the CFD markets each Singapore site names. Then come the entity the MAS Financial Institutions Directory lists, and the advertised EUR/USD spread with its basis. Together they tell you which broker covers what you want to trade, under the licence that governs your account, and what each trade costs you.
| Broker | MAS entity (FID) | CFDs, as the Singapore site states it | Advertised EUR/USD spread and basis | Source |
|---|---|---|---|---|
| OANDA MT4, MT5 and TradingView platforms | OANDA Asia Pacific Pte. Ltd. | Trade 68 global currency pairs as CFDs with exceptional execution reliability and competitive pricing. | 0.8 pips, advertised minimum, Spread only account | Singapore site, 24 September 2026 |
| MultiBank Group Standard, Pro and ECN accounts | MEX Global Markets Pte. Ltd. | Metals, Shares, Indices, Commodities | Not published on the Singapore site | Singapore site, 24 September 2026 |
| IG ProRealTime and L2 Dealer platforms | IG Asia Pte Ltd | Qualified Accredited Investors can continue to apply the minimum margin of 2% when trading CFDs on foreign exchange. | 0.6 pips, advertised minimum, IG CFD account | Singapore site, 24 September 2026 |
| CMC Markets Pre-IPO, options and share basket CFDs | CMC Markets Singapore Pte Ltd | Trade on up to 300 forex pairs with leverage on our award-winning CFD platform¹ | 0.5 pips, advertised minimum, CFD (Next Generation) account | Singapore site, 24 September 2026 |
| Interactive Brokers Deposit and trade in up to 29 currencies | Interactive Brokers Singapore Pte. Ltd. | Forex CFDs Gain exposure to currencies around the clock more easily than with many other financial products. | Not published on the Singapore site | Singapore site, 24 September 2026 |
| Saxo Classic, Platinum and VIP account tiers | Saxo Capital Markets Pte. Ltd. | More than 8,500 stock and ETF CFDs Commission-free trading on index, commodity, or bond CFDs | 0.8 pips, advertised minimum, Classic account | Singapore site, 24 September 2026 |
| Plus500 Demo with unlimited virtual funds | Plus500SG Pte. Ltd. | Access leveraged Forex CFDs on pairs like EUR/USD, GBP/USD, USD/JPY, and more. | Not published on the Singapore site | Singapore site, 24 September 2026 |
| eToro Funding by PayPal, Skrill or Neteller | eToro Singapore Pte. Ltd. | etoro offers contracts for differences (CFDs) that offer exposure to currencies, commodities and indices. | Not read: its Singapore spread page did not load | Singapore site, 24 September 2026 |
| Phillip Nova NOVA, Phillip MT5 and TradingView | Phillip Nova Pte. Ltd. | CFDs (index, share, ETF per the contract specifications) | 0.6 pips, advertised minimum, Phillip MT5 account | Singapore site, 24 September 2026 |
| Phillip Securities (POEMS) 10 currency ledgers | Phillip Securities Pte Ltd | FX CFD provides the ability to long or short a currency pair | 0.3 pips, advertised minimum, FX CFD account | Singapore site, 24 September 2026 |
| UOB Kay Hian (UTRADE) UTRADE MT4 and UTRADE Delta platforms | UOB Kay Hian Private Limited | Utrade Delta (For trading CFDs on Equities and Indices | 1.8 pips, advertised minimum, LFX account | Singapore site, 24 September 2026 |
| Maybank Securities (Maybank Trade) Currenex platform for Maybank Forex | Maybank Securities Pte. Ltd. | Leverage your deposit by up to 10 times for Share CFDs. | 1.3 or 1.0 pips, advertised typical (two of its pages differ), Maybank Forex account | Singapore site, 24 September 2026 |
| uSMART Gold and silver CFDs beside stock CFDs | uSMART Securities (Singapore) Pte. Ltd. | Forex CFD is an alternative means of trading on forex currency pairs, allowing you to particpate in the movement of the underlying instrument without actually owning the underlying currency. | 0.5 pips, advertised minimum, FX CFD account | Singapore site, 24 September 2026 |
| CGS International DMA CFDs on more than 21,000 counters | CGS International Securities Singapore Pte. Ltd. | index and commodity futures CFDs | EUR/USD not named; spreads from 0.7 pips, advertised minimum | Singapore site, 24 September 2026 |
More Singapore forex broker pages
The other pages built on our list of sixteen Singapore brokers. The anchor text is each page's own heading.
Best Forex Brokers in Singapore: 16 MAS-Regulated Brokers ComparedAll sixteen brokers on our list, ranked by score.Best Forex Broker for Beginners in Singapore: the 11 Brokers on Our MAS List With a Demo and a Stated Minimum DepositEleven of the sixteen brokers on our list offer a demo account and a stated minimum deposit on their Singapore sites.Best Forex Demo Account in Singapore: the 13 Brokers on Our MAS-Licensed List That Advertise a DemoThirteen of the sixteen brokers on our list offer a demo account on their Singapore sites.MetaTrader 4 (MT4) Brokers in Singapore: the 6 Brokers on Our MAS-Licensed List That Offer MT4Six of the sixteen brokers on our list offer MetaTrader 4 on their Singapore sites.MetaTrader 5 (MT5) Brokers in Singapore: the 4 Brokers on Our MAS-Licensed List That Offer MT5Four of the sixteen brokers on our list offer MetaTrader 5 on their Singapore sites.
FAQs
Which CFD broker is best in Singapore?
I rate OANDA as the best CFD broker in Singapore, with 92 out of 100, its global score from our global broker test rather than a Singapore test. In my view its CFD offer suits you well: its Singapore site states you can "Trade 68 global currency pairs as CFDs with exceptional execution reliability and competitive pricing", alongside index, share, precious metals, commodity, crypto and bond CFDs. OANDA Asia Pacific Pte. Ltd. is its MAS-licensed entity. (our global broker test; the broker's Singapore site, read 24 September 2026)
Is CFD trading legal in Singapore?
Yes, CFD trading is legal in Singapore through an entity that holds a capital markets services licence listed on the MAS Financial Institutions Directory, or one it lists as exempt. Regulation 24A requires a licence holder dealing in contracts for differences to obtain margin that meets the minimum requirements in Table 18, and I would deal only with such a licensee. If you are choosing, start your check on the directory. (MAS Financial Institutions Directory, read 24 September 2026; Singapore Statutes Online)
What margin do forex CFDs need in Singapore?
Table 18 sets a minimum margin of 5% (20:1) for a retail customer on foreign exchange CFDs without stop-loss features, and 2% (50:1) for accredited, expert or institutional investors. These are minimums, so I would ask your broker what it requires. If the collateral in your account falls below the minimum, the licence holder must contact you immediately, and you must make good the shortfall within 2 business days. (regulation 24A and Table 18 of the Fourth Schedule to the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations, Singapore Statutes Online)
Can I trade share CFDs with a MAS-licensed broker?
Yes, several MAS-licensed brokers on our list name share CFDs on their Singapore sites. IG names share CFDs, Saxo names more than 8,500 stock and ETF CFDs, eToro names stock CFDs, and Phillip Securities (POEMS) names equity CFDs across its CFD contracts. I would compare the markets each site names against what you intend to trade before you open your account. (the brokers' Singapore sites, read 24 September 2026)
How do I check that a CFD broker is licensed by MAS?
Search the legal name of any broker you are considering on the MAS Financial Institutions Directory, which lists each capital markets services licensee and whether it deals in leveraged foreign exchange or over-the-counter derivatives. Then match the legal name the directory prints to the name on the firm's own Singapore site before you apply. I would make that match myself before your first deposit. (MAS Financial Institutions Directory, read 24 September 2026)
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About the author
Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research.
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