Brokers With SGD Accounts

Written By

Michael MacKenzie

Edited By

James Barra

Fact Checked By

Jemma Grist

Updated

Mar 4, 2026

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 6 trading platforms supporting SGD accounts:

Your capital is at risk. Trade only with funds you can afford to lose.

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Learn how we test brokers and why you can trust our ratings.

Here is a summary of why we recommend these brokers in March 2026:

OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
Moomoo - 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.
Focus Markets - Established in 2019, Focus Markets is an Australian-based MetaTrader broker offering access to over 1,000 tradable instruments, including forex, commodities, indices, stocks, and a particularly large selection of crypto derivatives.
Zacks Trade - 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.
Exness - Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.
IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

Brokers With SGD Accounts Comparison

Brokers With SGD Accounts Comparison
Broker	SGD Account	Minimum Deposit	Markets	Regulator
OANDA US	✔	$0	Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)	NFA, CFTC
Moomoo	✔	$0	Stocks, Options, ETFs, ADRs, OTCs	SEC, FINRA, MAS, ASIC, SFC
Focus Markets	✔	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	ASIC, SVGFSA
Zacks Trade	✔	$2500	Stocks, ETFs, Cryptos, Options, Bonds	FINRA
Exness	✔	Varies based on the payment system	CFDs on Forex, Stocks, Indices, Commodities, Crypto	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC
IC Markets	✔	$200	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	ASIC, CySEC, CMA, FSA

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
Jemma Grist, Reviewer

OANDA US Quick Facts

Demo Account	Yes
Instruments	Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
Regulator	NFA, CFTC
Platforms	OANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, AUD, JPY, CHF, HKD, SGD

Pros

Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
Day traders can enjoy fast and reliable order execution
OANDA is a reliable, trustworthy and secure brand with authorization from tier-one regulators including the CFTC

Cons

It's a shame that customer support is not available on weekends
There's only a small range of payment methods available, with no e-wallets supported
The range of day trading markets is limited to forex and cryptos only

Visit OANDA US

OANDA US Review

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, ASIC, SFC
Platforms	Desktop Platform, Mobile App
Minimum Deposit	$0
Minimum Trade	$0
Leverage	1:2
Account Currencies	USD, HKD, SGD

Pros

There is no minimum deposit requirement making the broker accessible for beginners
Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients
The ‘Moomoo Token’ generates dynamic passwords for transaction security - a unique and helpful safety feature

Cons

It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
There is no phone or live chat support - common options at most other brokers

Visit Moomoo

Moomoo Review

Focus Markets

"Focus Markets is perfect for experienced traders familiar with MetaTrader 5, offering flexible crypto transactions (USDT and BTC) and access to over 90 cryptocurrencies for seamless speculation, deposits, and withdrawals."
Christian Harris, Reviewer

Focus Markets Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Regulator	ASIC, SVGFSA
Platforms	MT5
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:500
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, SGD

Pros

Focus Markets excelled in the deposit and withdrawal category during testing, offering more base currencies than most competitors, including USD, CAD and EUR - and a range of traditional and popular crypto payment options, including BTC and USDT.
Focus Markets is regulated by ASIC – one of the most respected regulatory bodies in the financial industry with robust safeguards like negative balance protection, ensuring you can’t lose more than your balance in volatile markets.
Focus Markets’ MT5 platform delivered fast, seamless trade execution during testing with advanced charting, multiple timeframes, and useful tools like Depth of Market (DOM). Its clean interface made navigation easy, while clear risk/reward ratios ensures precise trading.

Cons

A significant drawback of Focus Markets is the lack of platform variety. It only support MT5, excluding popular platforms like MT4, cTrader, and TradingView, plus it hasn't developed its own software that could better meet the needs of beginners.
Focus Markets’ 24/5 support lacks direct phone help and unresponsive live chat, while email replies took a full business day during our latest tests. This slow support is a major drawback for active traders who need quick resolutions.
Regulatory protection is a location lottery at Focus Markets – Australian traders benefit from strong ASIC oversight, but those using the SVGFSA-registered entity face limited recourse options in disputes.

Visit Focus Markets

Focus Markets Review

Zacks Trade

"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Tobias Robinson, Reviewer

Zacks Trade Quick Facts

Demo Account	Yes
Instruments	Stocks, ETFs, Cryptos, Options, Bonds
Regulator	FINRA
Platforms	Own
Minimum Deposit	$2500
Minimum Trade	$3
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

Pros

Comprehensive research and data
Customizable proprietary trading platform and mobile app
Regulated by FINRA with access to the Securities Investor Protection Corporation

Cons

High minimum requirement of $2,500
Withdrawal fees apply if removing funds more than once per month
No MT4 or MT5 platform integration

Visit Zacks Trade

Zacks Trade Review

Exness

"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Christian Harris, Reviewer

Exness Quick Facts

Demo Account	Yes
Instruments	CFDs on Forex, Stocks, Indices, Commodities, Crypto
Regulator	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC
Platforms	Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
Minimum Deposit	Varies based on the payment system
Minimum Trade	0.01 Lots
Leverage	1:Unlimited
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY

Pros

Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.
Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.

Cons

MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
Retail trading services are unavailable in certain jurisdictions, such as the US, UK and EU, limiting accessibility compared to top-tier brokers like Interactive Brokers.
Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.

Visit Exness

Exness Review

IC Markets

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
Christian Harris, Reviewer

IC Markets Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Regulator	ASIC, CySEC, CMA, FSA
Platforms	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
Minimum Deposit	$200
Minimum Trade	0.01 Lots
Leverage	1:30 (ASIC & CySEC), 1:1000 (FSA)
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

IC Markets secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.
IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.

Cons

The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.

Visit IC Markets

IC Markets Review

How Did We Choose The Best SGD Brokers?

To find the best SGD brokers, we:

Leveraged our database of 139 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:

IC Markets SGD account — Signing up for IC Markets’ SGD account

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 (around 270 SGD) 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 (approximately 7 SGD).