A broker that supports a Singapore dollar (SGD) account is often the most convenient and affordable way for traders in Singapore to access the financial markets.
With an SGD account, you can manage your trading funds in a strong regional currency that is fairly stable and competitive, managed within a policy band against a basket of key partners’ currencies by the Monetary Authority of Singapore (MAS).
Explore the best brokers with SGD accounts, selected after extensive first-hand testing.
Best Brokers With SGD Accounts
These are the top 3 trading platforms supporting SGD accounts:
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- Demo account
- Instruments: Spot, Futures, Swaps, Options, X-Perp Stocks
- Regulator: FinCEN, VARA
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- Demo account
- Instruments: Stocks, Options, ETFs, ADRs, OTCs
- Regulator: SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC
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- Demo account
- Regulator: FINRA, SEC
- Min. deposit: $250
Learn how we test brokers and why you can trust our ratings.
Here is a short summary of why we think each broker belongs in this top list:
- OKX 4.1/5 OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from trading to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
- Moomoo 3.2/5 Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
- Zacks Trade 3.9/5 Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.
Best Brokers With SGD Accounts 2026 Comparison
| Broker | SGD Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| OKX | ✔Yes | 10 USDT | Spot, Futures, Swaps, Options, X-Perp Stocks | FinCEN, VARA |
| Moomoo | ✔Yes | $0 | Stocks, Options, ETFs, ADRs, OTCs | SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC |
| Zacks Trade | ✔Yes | $250 | Stocks, ETFs, Options, Mutual Funds, Bonds, Warrants, IPOs | FINRA, SEC |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| OKX | 1771 | ||||
| Moomoo | 734 | ||||
| Zacks Trade | - | 13 |
OKX
OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots.
William Berg, Reviewer
OKX quick facts
- Demo Account
- ✔Yes
- Instruments
- Spot, Futures, Swaps, Options, X-Perp Stocks
- Regulator
- FinCEN, VARA
- Platforms
- AlgoTrader, Quantower
- Minimum Deposit
- 10 USDT
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, INR, JPY, SGD, RUB, AED, SAR
Pros
- In 2025, OKX secured a MiFID II license, enabling it to offer regulated derivatives products across Europe, providing peace of mind
- Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively
- Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
Cons
- The broker's platform and features may be complex for novices
- In 2025 OKX agreed to pay over $500 million in penalties for violating AML laws in the US
- The firm offers limited regulatory oversight, though this is common among crypto exchanges
Moomoo
Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees.
Jemma Grist, Reviewer
Moomoo quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, Options, ETFs, ADRs, OTCs
- Regulator
- SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC
- Platforms
- Desktop Platform, Mobile App
- Minimum Deposit
- $0
- Minimum Trade
- $0
- Account Currencies
- USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY
Pros
- There are reduced options contract fees from $0.65 to $0
- The broker offers access to extended pre-market trading hours
- Moomoo's analytics and insights are impressive and detailed compared to other brands
Cons
- There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
- Moomoo has faced multiple regulatory penalties in recent years, including fines and orders in 2026 that stopped it temporarily accepting some Japanese and Chinese clients
- The account range is narrow compared to other brokerages in its class with no managed portfolios or robo-advisor solutions
Zacks Trade
Zacks Trade will suit active day traders with experience using advanced trading software. Fees and margin rates are low while the market research is excellent.
Christian Harris, Reviewer
Zacks Trade quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, ETFs, Options, Mutual Funds, Bonds, Warrants, IPOs
- Regulator
- FINRA, SEC
- Platforms
- Zacks Trade Pro (Desktop), Zacks Trader (Web), and Handy Trader (App)
- Minimum Deposit
- $250
- Minimum Trade
- $3
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, HUF
Pros
- While Zacks Trade charges commissions that most competitors have eliminated, it wins back ground on borrowing costs. Its margin rates start at 8.83% — a figure that sits notably below what traders pay at the major household-name brokers — making it a practical choice for anyone who regularly carries leveraged positions overnight. The savings are modest on small balances but compound meaningfully for traders running larger margin books across a full year.
- Most brokers at this price point offer little beyond basic charts and a news ticker. Zacks Trade goes considerably further — standard accounts come with over 20 free research subscriptions, plus access to more than 80 additional paid options spanning providers like Morningstar, Dow Jones, Seeking Alpha, and Thomson Reuters.
- The ability to place trades by phone with a human broker at no additional charge beyond the standard penny-per-share commission is a genuine rarity among discount brokers. Most competitors either don't offer this at all or charge a meaningful premium for it, making it one of the few features here that Zacks Trade genuinely owns.
Cons
- Most brokers have dropped stock and ETF trading to $0, making Zacks Trade's penny-per-share fee stand out. For casual traders, the cost is negligible, but a 10,000-share trade costs $100 in commission — and in a market where zero-commission alternatives are everywhere, that's a harder position to defend.
- The account-opening process is fully digital but overly complicated, with verification taking more than a week in some cases. Multiple document steps and an experience-assessment stage before approval make this one of the more tedious onboarding processes in retail brokerage, at a time when most competitors have it down to hours.
- Traders cannot access forex, cryptocurrencies, commodities, or futures — a meaningful gap for anyone trading across multiple asset classes. Given that the infrastructure runs through Interactive Brokers, which supports all of these, it feels like an artificial ceiling rather than a genuine platform limitation.
How Did We Choose The Best SGD Brokers?
To find the best SGD brokers, we:
- Leveraged our database of 143 brokers
- Made a shortlist of brokers that support accounts in Singapore dollars
- Ranked them by examining more than 100 data points during exhaustive first-hand tests
What Is An SGD Account?
An SGD account is simply a trading account that uses Singapore dollars as the base currency.
Your deposits and withdrawals will be processed into SGD, and this is the currency that will be used when you open day trades and exit positions.
You can usually select SGD as an account currency when you open an account with a supporting broker. I opened an SGD account with IC Markets as you can see in the image below:
Do I Need An SGD Account?
You may want an account with SGD as a base currency for several reasons:
- If you live in Singapore and SGD is the main currency you earn and use, an SGD account is usually the most cost-effective as it cuts conversion fees.
- If you regularly trade stocks listed in Singapore like Wilmar International or Oversea-Chinese Bank, then it makes sense to fund your account with SGD since this is the currency used on this exchange.
- If you are looking to trade in various currencies for hedging purposes, SGD is a good bet as a relatively stable currency whose rate is loosely determined by a basket of other currencies.
How Can I Check If A Broker Offers An Account In Singapore Dollars?
We list the accepted account currencies of every broker we review, so you can quickly find brokers with SGD accounts here. Alternatively, follow these easy steps to check for yourself:
- Go to the broker’s website and navigate to the ‘account options’ setting.
- Find the scroll-down tab or list of accepted currencies and scroll down until you find SGD.
- Select SGD as the account currency when you open a live trading account.
Pros & Cons Of SGD Trading Accounts
Pros
- SGD accounts eliminate currency conversion fees if you have Singapore dollars and want to trade instruments on the Singapore Exchange.
- Traders based in Singapore will usually find it more convenient to fund and manage their trading account in their day-to-day currency.
- The Singapore dollar is considered among the world’s strongest and most stable, and the Monetary Authority of Singapore (MAS) allows it to float within the range defined by a basket of other currencies. This makes it a relatively secure currency to store funds in.
- If you file taxes in Singapore, maintaining an SGD account may streamline the reporting process as it may reduce the need to factor in various foreign exchange rate changes and fluctuations.
Cons
- Although SGD is quite popular and is supported by some top brokers, it is not as widely available as currencies like USD, EUR and GBP so you will have fewer day trading platforms to choose between.
- The ‘soft peg’ applied to SGD means it is unlikely to significantly appreciate in value against the USD or other major currencies.
- Stocks from the Singapore Exchange are not offered by most brokers, so you may have a relatively limited choice if that’s what you want to day trade.
FAQ
What Is The Best Broker With An SGD Account?
We’ve comprehensively reviewed the brokers that accept SGD accounts. Check our list to find the right platform for your needs.
How Much Does It Cost To Open A Trading Account Based In Singapore Dollars?
The amount you need to spend to open an SGD base account will depend on the broker. Of the hundreds of brokers we’ve tested, we’ve found that this amount is rarely higher than the 200 USD (or SGD equivalent) minimum required by IC Markets.
However, note that many SGD brokers accept traders for considerably less than this. IG, for example, doesn’t require any minimum deposit to sign up, and you can register with XM with an initial deposit of just $5 (or SGD equivalent).