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: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- 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
- Instruments: Spot, Futures, Swaps, Options, X-Perp Stocks
- Regulator: FinCEN, VARA
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- Demo account
- Regulator: ASIC, FSCA, FSA, FSC, CMA-UAE
- Min. deposit: $20
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.
- FP Markets 4.2/5 Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
- 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.
- 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.
- PU Prime 4.5/5 PU Prime is a forex and CFD broker offering direct market access on forex, commodities, stocks, bonds, indices, and ETFs. With four account types (Cent, Standard, Prime, ECN) and multiple platforms, from MetaTrader to its own PU Prime app, it’s built for active traders at every level.
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 |
| FP Markets | ✔Yes | $0 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya |
| Ultima Markets | ✔Yes | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | FCA, CySEC, FSCA, FSC |
| OKX | ✔Yes | 10 USDT | Spot, Futures, Swaps, Options, X-Perp Stocks | FinCEN, VARA |
| PU Prime | ✔Yes | $20 | CFDs, Forex, Stocks, Indices, Commodities, Metals, Crypto, Bonds, ETFs, Pre-IPOs, Synthetic Indices (region-dependent) | ASIC, FSCA, FSA, FSC, CMA-UAE |
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 | ||||
| FP Markets | 10371 | ||||
| Ultima Markets | 995 | ||||
| OKX | 1771 | ||||
| PU Prime | 1870 |
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
- 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.
- Eightcap added TradeLocker in 2026 for certain regions, marking it out as the best regulated TradeLocker broker, while still delivering Eightcap's ultra-fast execution and low fees for active traders on the charting software.
- With tight spreads from 0 pips, low commission fees, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
Cons
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- 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.
- 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.
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
- 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.
- 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 offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
Cons
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
- 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.
FP Markets
FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.
Christian Harris, Reviewer
FP Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
- Regulator
- ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Platforms
- Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- FP Markets has integrated top-notch research tools from Trading Central and Autochartist, helping traders identify short-term opportunities based on chart patterns, indicators, and other technical factors.
- FP Markets offers a superb selection of tradable assets, especially since expanding its suite of commodities and supporting over 10,000 stocks.
- FP Markets has a seamless onboarding experience, standing out with crypto deposits and over 10 base currencies, catering to global traders.
Cons
- FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets.
- Although Traders Hub provides rich research, notably the Daily Report, Technical Report, Market Insights, and Fundamental Analysis, it needs to widen its daily content variety and keep its forex news updated to match category leaders like IG.
- FP Markets’ Iress platform is only available to clients in Australia. It also primarily emphasizes stock trading over forex trading, and data fees can accumulate rapidly unless you're an active trader or maintain a high-balance account.
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
- Flexible trading accounts with spread-only pricing or low commission solutions
- Easy-to-use copy trading app available on Apple and Android
- Regulated by the CySEC and more recently the FCA, boosting its trust score
Cons
- Slow sign-up process compared to rivals
- $20,000 minimum deposit required for the very best trading conditions
- Weak regulatory oversight through the offshore branch
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
- There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins
- In 2025, OKX secured a MiFID II license, enabling it to offer regulated derivatives products across Europe, providing peace of mind
- X-Perps, added in 2026, provides opportunities on traditional financial assets, including US stocks and commodities
Cons
- The quality of customer support was inconsistent based on testing
- 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
PU Prime
PU Prime is a great fit for experienced, high-volume traders with its ECN account offering tight spreads from 0.0 pips and low commissions from $1/side. The addition of an easy-to-use copy trading app, alongside the stacked Trading Academy with progression levels, also makes PU Prime a strong option for aspiring traders.
Tobias Robinson, Reviewer
PU Prime quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Metals, Crypto, Bonds, ETFs, Pre-IPOs, Synthetic Indices (region-dependent)
- Regulator
- ASIC, FSCA, FSA, FSC, CMA-UAE
- Platforms
- PU Prime App, PU Web Trader, PU Social, MT4, MT5, AutoChartist
- Minimum Deposit
- $20
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD
Pros
- Prime and ECN pricing can be very competitive for active traders, and in our tests spreads tightened notably in liquid sessions to hit ~0.0 pips.
- PU Prime has upped its game over the years, including launching its PU Social app in 2022, securing ASIC authorization for its Australian entity in 2025, and adding over 200 trading instruments, bringing the total to 1,000+, while 2026 brought around-the-clock share CFDs on prominent US stocks.
- There’s a great suite of tools for short-term traders, from practical margin and position sizing calculators to economic calendars and strong technical insights via Autochartist.
Cons
- Getting through to customer support can be fiddly and slow to reach a human – in our latest checks we had to navigate multiple chatbot menus and questions then enter contact details before getting to an agent.
- The ECN account’s $10,000 minimum deposit puts the best pricing out of reach for some active retail traders who may end up paying more for spreads and commissions on Prime, Standard or Cent accounts.
- While PU Prime holds licenses in Australia (ASIC) and South Africa (FSCA), its offshore entities have been flagged by UK, North American, and European regulators for providing services without local authorization.
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).