Best Trading Platforms, Brokers & Apps in Singapore

Trading forex, stocks, and derivatives such as CFDs is a popular pastime in Singapore. With a regulatory body that can be trusted and trading laws that allow retail traders to enjoy a broad selection of markets, there are a lot of options in terms of available brokers.

But what brokers are the best in Singapore and how do you know which one to pick? We’ve done all the hard work for you and have listed the top Singapore brokers for stocks, forex, cryptocurrencies, and more.

More than 150+ hours of research has gone into creating this guide, and it is regularly updated to match the ever-changing market.

Best Stock Trading Brokers & Platforms in Singapore

1. CMC Markets

#
global stockbroker brand with cfds & DMA

2. IG MARKETS

#
top uk broker for stocks and more

3. City INDEX

#
established online broker offering stocks
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Stock Trading Platforms & Brokers in Singapore

1. Cmc Markets
2. ig Markets
3. City Index
Fees
Spread on Amazon0.08%$2$0.04
Commission
Withdrawal Fee0%0%$0 – $25
Deposit & Withdraw
Minimum Deposit N/A$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1-3 Days1-3 Days1 Day
Assets & Platforms
How Many Stocks2,000+12,000+4,500+
PlatformCFDs and Direct Market AccessMetaTrader 4 + DMAMetaTrader 4 + AT PRO
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationMonetary Authority of SingaporeMonetary Authority of SingaporeMonetary Authority of Singapore
Based inThe UKThe UKThe UK
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a good Stock Trading platform & broker in Singapore?

One of the best ways to trade company shares in Singapore is with online brokers that offer derivatives on stocks from all over the world.

Using a CFD broker instead of a traditional stockbroker gives you the option of applying leverage to any position that you open.

It also makes it easier to short trade assets, and you’re not forced to buy the whole stock but can instead invest an amount that’s smaller than the underlying assets total value.

In Singapore, it’s the Monetary Authority of Singapore (MAS) that’s responsible for overseeing and regulating brokers. It’s also their job to issue licenses for any business interested in offering financial services to the people of Singapore.

This means that the first and most important requirement of any Singapore stockbroker is that they have been approved by MAS.

In terms of the brokers and their services, a large selection of tradable stocks is another very important requirement.

Being the fact that these stockbrokers target the Singaporean market, they should provide access to Asian stock exchanges and companies, in addition to the main American and European stocks.

Anything more than that such as African or even South American stocks are considered a great bonus.

But that is just the icing on the cake.

When we reviewed the top stockbrokers in Singapore, our team spent many days trading with all the brokers we tested to ensure that the platforms provided offered all the features we expect.

It should be easy for both beginners and experienced traders to analyze markets and instruments. Execution should be timely and without bugs, and all the tools needed to trade efficiently have to be readily available.

Moreover, we evaluate any additional tools and graphs provided and spend the extra time testing any of the brokers’ proprietary features.

In order to be considered one of the best stockbrokers in Singapore, they should be providing educational material as well as access to a knowledgeable support team.

In terms of funding, we do prefer localized brokers that support deposits and withdrawals in SGD.

Best Forex Brokers & Platforms in Singapore

1. IG Markets

#
globally recongnized forex broker

2. PLUS500

#
innovative forex broker in singapore

3. oanda

#
american-based forex broker
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Forex Trading Platforms & Brokers in singapore

1. IG MArkets
2. plus500
3. Oanda
Fees
Spread for USD/EUR1 pip2 pips1.1 pips
Commission
Withdrawal Fee$0$0$0
Deposit & Withdraw
Minimum Deposit $250$100N/A
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1-3 Days1-3 Days1-3 Days
Assets & Platforms
How Many Currency Pairs80+70+70+
PlatformsMT4 + WebTrader + IGPlus500Oanda + MT4
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationMonetary Authority of SingaporeMonetary Authority of SingaporeMonetary Authority of Singapore
Based inThe UKCyprusThe US
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

What Makes a Good Forex Trading Platform & Broker in Singapore?

The forex market is one of the biggest and most popular markets among retail traders in Singapore. There are a plethora of European forex brokers available on the market, and while many of them are pretty good, only a few can be considered the best.

Similar to all types of brokers in Singapore, a Singaporean forex broker has to be approved by the MAS before they can start offering their services.

Therefore, the first thing we check and that you have to check as well when reviewing brokers is that they are licensed.

If that is the case, it means they have gone through a lengthy application process and that they are considered trustworthy. It also means that the company and its services hold a certain standard.

Being the fact that forex trading is popular in Singapore, we have strict requirements for forex brokers operating within the country.

A great forex broker has to provide access to a number of majors and minors as well as exotic currency pairs. Naturally, the SGD has to be available for trading with other top Asian and world currencies.

And we really appreciate brokers that has taken the time to support deposits and withdrawals using the Singapore Dollar.

With that said, being licensed and having a good selection of assets doesn’t make a broker the best one. Instead, that is usually determined based on the tools and features offered.

You see, the best forex brokers in Singapore all have state of the art trading platforms that help you trade at your fullest capacity.

A really good broker has to be able to adapt to your needs regardless of whether you’re using a day trading rig with several screens or you prefer trading forex on your smartphone.

Naturally, when making these recommendations, we also spent a great deal of time reviewing broker fees and charges because no one should pay too much to trade.

In other words, Singapore’s best forex brokers all have low spread on popular currency pairs as well as a few or very low non-trading fees.

With all this information at hand, our team spends hours and hours trading with each broker to make a final decision regarding which three brokers are the best and which ones we can’t recommend.

Best Cryptocurrency Brokers & Platforms in Singapore

1. IG MArkets

#
leading platform for crypto derivatives

2. Plus500

#
first broker to offer a bitcoin cfd

3. City Index

#
great local trading opportunities
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Crypto Trading Platforms & Brokers in singapore

1. ig Markets
2. plus500
3. City Index
Fees
Spread for Bitcoin0.75%0.53%35+ pips
Commission
Withdrawal Fee$00%$0 – $25
Deposit & Withdrawals
Minimum Deposit$250$100$100
Bank Transfer
Debit/Credit Cards
Electronic wallets
Time to Withdraw1-3 Days1-3 Days1-3 Days
Assets & Platforms
How Many Cryptocurrencies10 (plus pairs)12 (plus pairs)5 (plus pairs)
PlatformsMT4 + IG MarketsPlus500MT4 + AT PRO
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationMonetary Authority of SingaporeMonetary Authority of SingaporeMonetary Authority of Singapore
Based inIsraelCyprusThe UK
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Crypto Trading Platform & Broker in singapore?

Cryptocurrencies are a hot topic all over the globe, but maybe even more so in Singapore.

A large population of young, tech-savvy citizens coupled with Singapore’s dominance in finance and technology has created the perfect circumstances for cryptocurrency trading.

In addition, the technology guru and cryptocurrency personality Justin Sun, founder of Tron, is from and based in Singapore.

This has resulted in a bustling market with endless opportunities for people interested in trading cryptocurrencies.

Now, the traditional way of trading cryptocurrencies in Singapore is with crypto exchanges, but we would argue that it’s not the best solution. In our opinion, using an online cryptocurrency broker is better.

What’s even better than that are online brokers that offer both crypto CFDs as well as a cryptocurrency exchange service.

The reason for this is that cryptocurrency brokers in Singapore are regulated by the MAS.

They also offer a range of markets such as forex, stock, and cryptocurrencies, giving you the option to trade a range of asset classes.

The cryptocurrency trading platforms offered by online brokers are also more extensive, usually featuring better graphs and analytic tools than your average exchange.

In other words, brokers, unlike cryptocurrency exchanges, improve your ability to trade by providing you with all the tools you need, and then some.

Another benefit of using cryptocurrency brokers in Singapore is that you can trade using leverage, thus maximizing your exposure for each individual position.

The recommended Singaporean cryptocurrency brokers on this page have all gone through our rigorous reviewing process, ensuring that the above-mentioned requirements are fulfilled.

This is done so that you don’t have to spend the time needed to test all the brokers separately and to give you the option of trading with one of the top brokers right away.

Best Commodities Trading Platforms & Brokers in singapore

1. cmc markets

#
low spread on spots and futures as cfds

2. Ig Markets

#
top online broker for spots & futures

3. city index

#
all the commodities you could wish for
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

Compare the Best Commodities Trading Platforms & Brokers in singapore

1. CMC Markets
2. IG Markets
3. City Index
Fees
Spread for Spot Gold0.05%0.3 pips0.5 pips
Commission
Withdrawal Fee0%0%$0 – $25
Deposits & Withdrawals
Minimum Deposit N/A$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1-3 Days1-3 Days1-3 Days
Assets & Platforms
How Many Commodities223925+
PlatformsMetaTrader 4 + DMAMetaTrader 4 + DMAMT4 + AT Pro
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationMonetary Authority of SingaporeMonetary Authority of SingaporeMonetary Authority of Singapore
Based inThe UKThe UKThe UK
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What makes a good Commodity Trading Platform & Broker in Singapore?

According to many experts, the best way to trade commodities in Singapore is to use an online broker.

By doing so, you get the option of trading both spot prices and commodity futures as derivatives, using leverage to maximize your potential profits.

With that said, not all commodity brokers in Singapore are created equally, and it’s recommended that you only use the best available brokers.

Luckily for you, we have spent countless hours testing and reviewing all the brokers following our strict guidelines. The result of all that work is a list of the best commodity brokers in Singapore.

While the recommended brokers are different in many ways, they also have a few things in common.

For example, they are all registered and licensed by the MAS, meaning they’re safe to use.

They also have an extensive selection of both spot prices and futures for a range of commodities, including precious metals, oil, gas, and even food products.

However, what sets apart the best brokers from all the rest are the trading platforms they provide access to.

These platforms have all the tools and features that you need to analyze commodities with the intent of planning and executing successful trades.

Signing up with these brokers is easy, and all of them provide both demo accounts and educational material that can help beginners who are just getting started.

At the same time, the platforms are also good enough to support the strict needs of professional day traders.

All things considered, a top commodity broker in Singapore has to be reliable, have a satisfying selection of available assets as well as a platform that improves your ability to trade efficiently.

Best Indices Trading Platforms & Brokers in singapore

1. Plus500

#
world leading online index broker

2. IG Markets

#
UK-based Index broker in Singapore

3. cmc markets

#
varied selection of index funds as cfds
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Indices Trading Platforms & Brokers in singapore

1. Plus500
2. IG Markets
3. Cmc Markets
Fees
Spread for Germany 300.79 pips1.0 pips1.0 pips
Commission
Withdrawal Fee0%0%$0
Deposits & Withdrawals
Minimum Deposit $100$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1-3 Days1-3 Days1-3 Days
Assets & Platforms
How Many Indices3030+21
PlatformPlus500MetaTrader 4 + DMAMT4 + AT Pro
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationMonetary Authority of SingaporeMonetary Authority of SingaporeMonetary Authority of Singapore
Based inCyprusThe UKThe UK
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Indices Trading Platform & Broker in Singapore?

There are many similarities between trading stocks and trading indices, which is why many of the best index brokers in Singapore also qualify as top stockbrokers.

Once again, we suggest you stick with trading indices using an online broker since they provide you with a more versatile product.

When looking for an indices broker to start trading with, there are a few things you have to consider. These are the same things that we looked at when creating this list.

Firstly, you need to make sure the broker you’re going to use is regulated and safe. It’s the Monetary Authority of Singapore (MAS) that regulates indices brokers in Singapore, and their strict requirements help keep the market safe.

Naturally, the broker you pick also has to offer the indices you want to trade.

For example, if you’re interested in American indices such as the S&P 500 or Nasdaq, you want a broker offering those assets. Same goes for European index funds such as FTSE 100 och DAX.

The index trading platform provided has to also be state of the art, available on smartphones, and easy to use. This can be hard to determine on your own, especially when you first get started trading which is why our team has spent many days using all the top indices brokers in Singapore.

We have checked all the above-mentioned requirements as well as researched other details about each broker, and we are convinced that the three brokers listed above are the best of the best.

If you don’t believe us or want to test the brokers on your own, we suggest you open a demo account with them and take them for a test drive.

Best Trading Apps for Stocks, Forex & Crypto in singapore

1. cmc markets

#
easy-to-use mobile trading app

2. Plus500

#
mobile platform driven by innovation

3. ig markets

#
metatrader 4 app for ios and android
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the best trading apps in singapore

1. cmc Markets
2. Plus500
3. ig Markets
Fees
Spread for Amazon0.08%2 pipsMin. $2
Commission
Withdrawal Fee$00%$0
Deposit & Withdrawal
Minimum Deposit $100$100$250
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1-3 Days1-3 Days1-3 Days
Assets & Platforms
How Many Stocks9,400+1,500+12,000+
How Many Currency Pairs30070+80+
How Many Cryptocurrencies12 (plus pairs)12 (plus pairs)10 (plus pairs)
How Many Commodities292210+
How Many Indices903030+
PlatformsMT4 + DMAPlus500 MobileMT4 + IG Markets
iOS
Android
Support & Safety
24/5 Availability
Free Account Manager
RegulationMonetary Authority of SingaporeMonetary Authority of SingaporeMonetary Authority of Singapore
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Trading App in singapore?

The number of traders trading on smartphones is on a steady incline, and the number of available mobile trading software has never been this high.

Unfortunately, most of the trading apps in Singapore are not yet good enough to be reliable, and you have to be very picky when deciding on which one to use.

Many times, the best trading apps are the ones offered by the top brokers, but that is not always the case, and it depends on what assets you are trading.

Because of that, it’s usually a good idea to compare the best trading apps in Singapore on their own and not based on the broker offering them.

Now, mobile trading platforms are still limited in terms of functionality compared to desktop or web-based software.

Therefore, we always recommend that you pick a trading app that is regularly updated and adjusted with technological advances.

Older apps that aren’t updated only cause annoyance and limitations when trading and should therefore be avoided.

When picking a trading app in Singapore, you also have to make sure that all the assets you want to trade are available, that the tools and platform run effortlessly and without major issues, and that you’re not being charged too much for the service.

In the end, it’s a personal choice, and you have to review the mobile trading platform on your own.

Just remember that our team has reviewed them all and that the three apps recommended here are considered the very best.

In other words, if you’re looking for a great trading app in Singapore, we suggest you pick one from this list.

How We Did This Research

All the testing and reviews in this guide were conducted by a team of trading professionals with extensive experience trading in Southeast Asia as well as both in Europe and with American online brokers.

As mentioned, our team follows a very strict protocol regarding how brokers are reviewed and which aspects we focus on during our tests.

Naturally, the process differs depending on which market we’re looking at since stock trading is different from cryptocurrencies.

However, generally speaking, some aspects way heavier for our reviews then others.

For example, safety is always our priority and any broker that isn’t licensed or has a poor reputation, would never be recommended. We also look closely at the selection of assets provided since that represents the backbone of a broker’s product.

Fees, spread, and charges are also important since no one wants to pay too much to trade, and our team always contacts a brokers customer service to evaluate how efficient they are.

Finally, the platform has to be spotless and trading should be effortless for a broker to be considered one of the best. That’s why most of our tests are performed during real-life trading with real funds.

The Legal Status of Trading in Singapore

Forex, stock, and derivatives trading is completely legal and fully regulated in Singapore.

It’s the Monetary Authority of Singapore (MAS) that’s responsible for overseeing each market and it’s also the regulatory body that issues trading licenses to brokers.

Similar to other jurisdictions such as Australian and the ASIC, the MAS are considered to be one of the strictest in the world.

That means that Singaporean traders can feel calm while trading with regulated brokers. Although, there are still unregulated brokers operating in the region so make sure that the brokers you use are actually licensed. The easiest way to do so is to follow our recommendations or double-checking the MAS’s website.

All things considered, Singapore has one of the more open and safest online trading markets in the world.

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex 
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • Teletrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • AAAtrade
AdamJarfjord1
Adam Jarfjord
Senior Editor

With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQ – Everything About Trading Platforms & Brokers in Singapore

Many traders have questions regarding how to use the best brokers in Singapore, so we’ve done our best to answer the most common concerns. Below is a list of the questions that we get asked the most with comprehensive answers to all of them.

If you have a question or a concern that hasn’t been answered below, we welcome you to contact us.

How Can I Open a Trading Account in Singapore?

Opening a trading account with an online broker in Singapore is easy. Just follow these 5 steps.

  1. Find a regulated broker offering the assets you’re looking for. We suggest you start with one of the above-mentioned brokers.
  2. Open an account with that broker and provide them with the information they ask for such as name, address, employment.
  3. Get your account verified by proving your identity. This is done by submitting a copy of your ID (passport, driver’s license or national ID), as well as a proof of address such as a recent utility bill or a bank statement.
  4. Make a deposit with one of the provided payment options.
  5. That’s it! You have now opened and verified a Singaporean trading account.

Is Forex Trading Legal in Singapore?

Yes, the forex market is legally and fully regulated in Singapore. It’s the Monetary Authority of Singapore (MAS) that regulates and oversees the market. It’s also the MAS that issues licenses to all legitimate forex brokers in Singapore.

Is Cryptocurrency Legal in Singapore?

Yes, there is currently no ban against trading, buying or selling cryptocurrencies in Singapore. Just make sure you only use reliable exchanges and/or brokers to protect yourself.

How Can I Buy Crypto In Singapore?

You have a few options to chose from when buying cryptocurrencies in Singapore.

Most people opt for one of the top cryptocurrency exchanges where you can buy and trade crypto assets. Others rather trade their cryptos with forex brokers which you can read more about above.

Today, the best option is to find a forex broker offering cryptocurrencies both as a derivative (usually CFDs) as well as an actually security that you can transfer to a wallet or cold storage for safekeeping.

Which Brokerage Firm is the Best for Beginners in Singapore?

We highly suggest opening an account with Plus500 if you are a complete beginner. Their platform is easy to understand, they have a large selection of assets for you to trade, and their educational material is one of the more comprehensive on the market.

Plus500 also has a great trading app and is generally very well-suited for any beginner looking to trade forex, stocks, commodities or cryptocurrencies in Singapore.

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