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:
-
- Demo account
- Regulator: FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms: MT4, MT5, TradingView, TradeLocker
71.28% of retail traders lose money when trading CFDs -
- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
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- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
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- Demo account
- Regulator: FCA, CySEC, FSCA, FSC
- Platforms: WebTrader, UM Social, UM App, MT4, MT5
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: ASIC, CySEC, FSC, FSA
- Platforms: GO TradeX™, MT4, MT5, cTrader, TradingView
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- Eightcap 4.6/5 Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- Ultima Markets 3.9/5 Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service.
- IG 4.8/5 Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- GO Markets 4.6/5 Established in 2006, GO Markets is an award-winning CFD broker offering a choice of accounts, pricing models and reliable execution, catering to active traders. We’ve been impressed with their continuous product updates over the years, notably the introduction of MT5 and TradingView, new stock CFDs, a PAMM service, plus local payment options for traders in Latin America.
Best Brokers With SGD Accounts 2026 Comparison
| Broker | SGD Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| Eightcap | ✔Yes | $100 | CFDs in Forex, Stocks, Indices, Commodities, Crypto | FCA, ASIC, CySEC, FSC, SCB, FSA |
| Fusion Markets | ✔Yes | $0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | ASIC, VFSC, FSA |
| BlackBull | ✔Yes | $0 | CFDs, Stocks, Indices, Commodities, Futures, Crypto | FMA, FSA |
| Ultima Markets | ✔Yes | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | FCA, CySEC, FSCA, FSC |
| IG | ✔Yes | $0 | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB |
| GO Markets | ✔Yes | $0 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | ASIC, CySEC, FSC, FSA |
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 |
|---|---|---|---|---|---|
| Eightcap | 3910 | ||||
| Fusion Markets | 10306 | ||||
| BlackBull | 3521 | ||||
| Ultima Markets | 995 | ||||
| IG | 10208 | ||||
| GO Markets | 759 |
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs in Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
- Eightcap has brought in GOLD247 for 24/7 trading opportunities on a gold/USD CFD with leverage up to 1:20, minimum trade size of 0.01 lots, and no commission, appealing to weekend traders interested in the precious metal.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
Cons
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- The range of charting platforms and social trading features is excellent, with MT4, MT5, cTrader and more recently TradingView, catering to a wide range of trader preferences.
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
Cons
- Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards, though in August 2026 they made negative balance protection available to all eligible accounts.
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
- With two ECN-powered accounts (Standard and Prime), plus Prime+ - an active trader rewards program offering trading rebates - BlackBull accommodates beginners through to high-volume active traders.
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
Cons
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
Ultima Markets
Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment.
Jemma Grist, Reviewer
Ultima Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO
- Regulator
- FCA, CySEC, FSCA, FSC
- Platforms
- WebTrader, UM Social, UM App, MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD
Pros
- Fast execution speeds averaging <20ms
- Education has been stepped up with the Academy, featuring 1,100+ articles
- Easy-to-use copy trading app available on Apple and Android
Cons
- Weak regulatory oversight through the offshore branch
- Slow sign-up process compared to rivals
- $20,000 minimum deposit required for the very best trading conditions
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
- IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus added US-listed futures and options as well as an AI Index, providing diversification opportunities.
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
Cons
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
GO Markets
GO Markets is best suited to active CFD traders who prioritize low spreads, transparent pricing, and fast execution on powerful charting platforms like MT4, MT5, cTrader, and more recently TradingView. Its GO Plus+ account, with raw spreads from 0.0 pips and low commissions, is a particularly great fit for scalpers and high-frequency traders.
Christian Harris, Reviewer
GO Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
- Regulator
- ASIC, CySEC, FSC, FSA
- Platforms
- GO TradeX™, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, CHF, HKD, SGD
Pros
- GO Markets excels in making complex topics digestible and fostering a community-like learning environment. Its educational suite stands out with courses, webinars, podcasts, and even weekly live coaching sessions - ideal for newer traders.
- The introduction of PAMM accounts and multiple copy trading services cater to both beginner and advanced traders, while the rebate program rewards high-volume day traders looking to reduce costs.
- GO Markets has bolstered its offering, introducing 1000+ new stock CFDs in 2024 and localized payment solutions for traders in Latin America in 2025, including Pago Efectivo in Peru and Paynet in Mexico.
Cons
- GO Markets' research tools are relatively basic, lacking the depth and frequency seen with larger competitors who offer daily insights, analyst commentary, and advanced forecasting tools.
- GO Markets still relies entirely on third-party platforms with no proprietary charting platform, which may limit innovation or tailored features for more advanced traders.
- During testing, we found that GO Markets restricts TradingView access in demo mode unless you first register a live account - a limitation that jars with firms offering full platform access in demo from the outset.
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).