Best CFD Trading Platforms and Brokers in Singapore 2026
CFD trading is popular in Singapore, allowing investors to make short-term trades without incurring stamp duty from the Inland Revenue Authority of Singapore (IRAS). CFDs are regulated by the Monetary Authority of Singapore (MAS), which also authorizes online brokers and trading platforms.
Explore the best CFD trading platforms in Singapore, tested, evaluated and compared by our experts. Every CFD broker recommended is trusted and accepts traders from Singapore.
Top 6 CFD Trading Platforms in Singapore
These 6 brokers stand out as the best for CFD traders in Singapore:
-
1
FOREX.com -
2
eToro61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. -
3
Plus50080% of retail CFD accounts lose money. -
4
IG -
5
CMC Markets68% of retail CFD accounts lose money. -
6
Swissquote
Here is a short overview of each broker's pros and cons
- FOREX.com - With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders.
- eToro - You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides.
- Plus500 - Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees.
- IG - IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience.
- CMC Markets - CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries with new equities spanning quantum computing, AI learning, and digital car sales in 2025. Spreads are tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market.
- Swissquote - Swissquote has emerged as a dependable CFD broker, providing short-term trading opportunities on an extensive selection of global markets with fast execution, its intuitive CFXD platform alongside MetaTrader, plus insights from trusted third parties like Autochartist and Trading Central.
Best CFD Trading Platforms and Brokers in Singapore 2026 Comparison
| Broker | SGD Account | Minimum Deposit | Markets | Platforms | Max Leverage* |
|---|---|---|---|---|---|
| FOREX.com | - | $100 | Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | WebTrader, Mobile, MT4, MT5, TradingView | 1:400 |
| eToro | - | $50 | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs | eToro Web, CopyTrader, TradingCentral | 1:30 EU |
| Plus500 | - | $100 | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | WebTrader, App | ✔ |
| IG | ✔ | $0 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime | 1:30 (Retail), 1:250 (Pro) |
| CMC Markets | ✔ | $0 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | Web, Spectre, MT4, TradingView | 1:30 (Retail), 1:500 (Pro) |
| Swissquote | ✔ | $1,000 | CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent) | CFXD, MT4, MT5, AutoChartist, TradingCentral | 1:100 (Retail), 1:400 (Pro) |
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer
FOREX.com Quick Facts
| FTSE Spread | 1.0 |
|---|---|
| GBPUSD Spread | 1.3 |
| Stocks Spread | 0.14 |
| Leverage | 1:400 |
| Regulator | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA, CMA |
| Platforms | WebTrader, Mobile, MT4, MT5, TradingView |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- The in-house Web Trader continues to stand out as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
Cons
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
eToro
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
eToro Quick Facts
| FTSE Spread | 1.5 |
|---|---|
| GBPUSD Spread | 1.9 |
| Stocks Spread | 0.57 (Apple) |
| Leverage | 1:30 EU |
| Regulator | FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC |
| Platforms | eToro Web, CopyTrader, TradingCentral |
| Account Currencies | USD, EUR, GBP |
Pros
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat that we love using.
- The eToro Club entry barrier has been lowered, with a $4.99/month subscription providing access to 18 perks, including a debit card that turns shopping into equities with 4% back in shares.
- The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade.
Cons
- The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software.
- There are limited contact methods aside from the in-platform live chat.
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
Plus500
"Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources."
Plus500 Quick Facts
| FTSE Spread | Dynamic |
|---|---|
| GBPUSD Spread | Dynamic |
| Stocks Spread | Dynamic |
| Leverage | Yes |
| Regulator | FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI |
| Platforms | WebTrader, App |
| Account Currencies | USD, EUR, GBP, AUD, ZAR, CZK |
Pros
- Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
- The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
- In 2025 Plus500 added new share CFDs in emerging sectors like quantum computing and AI, offering opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana.
Cons
- Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
- Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
- Algo trading and scalping are not supported, which may deter some day traders
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."
IG Quick Facts
| FTSE Spread | 1.0 |
|---|---|
| GBPUSD Spread | 0.9 |
| Stocks Spread | 0.02 |
| Leverage | 1:30 (Retail), 1:250 (Pro) |
| Regulator | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA |
| Platforms | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD |
Pros
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
- The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading, while IG has also added TradingView integration.
- As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
Cons
- Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests.
- IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
CMC Markets
"With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. "
CMC Markets Quick Facts
| FTSE Spread | 1 pt |
|---|---|
| GBPUSD Spread | 0.9 |
| Stocks Spread | 0.02 |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Regulator | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA, |
| Platforms | Web, Spectre, MT4, TradingView |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN |
Pros
- CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads.
- The CMC web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4 (but not MT5) and TradingView (added in 2025) are also supported.
- CMC Markets has added an AI News feature, using AI to surface and summarise market stories rather than place trades for you, hinting at where broker research tools are heading.
Cons
- Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
- An inactivity fee of $10 per month is applied after 12 months of inactivity, which may deter casual investors.
Swissquote
"Swissquote is an excellent choice for active traders looking for a customizable platform, such as its CXFD, which integrates Autochartist for automated chart analysis to aid trading decisions. However, its average fees and steep $1,000 minimum deposit might make it less accessible for beginner traders."
Swissquote Quick Facts
| FTSE Spread | 0.9 |
|---|---|
| GBPUSD Spread | 1.7 |
| Stocks Spread | N/A |
| Leverage | 1:100 (Retail), 1:400 (Pro) |
| Regulator | FCA, FINMA, CSSF, DFSA, SFC, MAS, MFSA, CySEC, FSCA |
| Platforms | CFXD, MT4, MT5, AutoChartist, TradingCentral |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, AED, SAR, HUF, THB, QAR, MXN |
Pros
- Swissquote supports powerful platforms for day trading, such as MetaTrader 4/5 and its own CFXD (previously known as Advanced Trader) which impressed during testing with customizable layouts and access to advanced charting tools and technical indicators.
- Swissquote provides advanced research services like Autochartist for technical analysis and integration of real-time news from Dow Jones. Its proprietary Market Talk videos and Morning News reports deliver expert analysis daily, appealing to active traders.
- Swissquote is built for fast-paced trading strategies like day trading, scalping and high-frequency trading with 9ms average execution speeds, a 98% fill ratio, and FIX API.
Cons
- Analysis shows Swissquote’s fees are on the high side, with forex spreads starting at 1.3 pips on Standard accounts, compared to 0.0 pips at brokers like Pepperstone or IC Markets. Transaction fees for non-Swiss stocks and ETFs can also add up for frequent traders.
- Unlike brokers such as eToro with social trading features, Swissquote lacks tools for community engagement or copying successful traders, limiting its appeal for those who value peer-to-peer learning.
- Swissquote primarily caters to pro and high-net-worth clients, with high minimum deposit requirements (eg $1,000 for Standard accounts), making it less suited for smaller traders who can find higher leverage at the growing number of brokers with no minimum deposit.
*Leverage magnifies both profits and losses and can result in the loss of your entire investment. The leverage figures shown are the maximums levels available at each broker and may vary depending on the instrument and account.
How We Chose The Best CFD Trading Platforms In Singapore
To find the best CFD trading platforms in Singapore, we took our extensive database of 141 brokers, identified those that accept traders from Singapore and then ranked them based on their overall rating, which takes into account the following key criteria.
We Chose Platforms Licensed By A Trusted Regulator
CFD traders will receive the best safeguards by opening an account with a brokerage authorized by a ‘Green Tier’ regulator, such as the Monetary Authority of Singapore, which is responsible for ensuring licensed brokers operate responsibly.
City Index, for example, has earned our trust over the years for its secure trading environment and authorization from the MAS. It’s also one of a select few CFD providers listed on a stock exchange (through its parent company StoneX Group), underscoring its reliability.
If not the MAS, we selected CFD trading platforms that are regulated in other respected jurisdictions, such as the US, UK, Australia or Europe, as these are promising signs of a trustworthy operation.
We prioritize well-regulated CFD brokers because this will help protect traders from scams and fraudulent trading platforms, which the Singapore Police Force has warned are promising “lucrative investment opportunities” that have cost victims over 25.5 million SGD since June 2023.
We Chose Platforms With Leverage Trading And Clear Margin Requirements
One of the draws of CFD trading is the availability of leverage, which allows investors to amplify their buying power and trading results for a small outlay, known as margin.
Let’s say you want to speculate that the share price of Singapore Airlines (SGX: SIA) is going to rise today following an earnings announcement. A CFD broker with 1:5 leverage, such as AvaTrade, would multiply your trading power, and potential returns, by 5x.
Importantly, the maximum leverage available to retail investors at Singapore-regulated CFD trading platforms is 1:20. There are brokers with higher leverage, but these are often based in offshore jurisdictions and not suitable for beginners.
I recommend using risk management tools like stop-loss orders when trading CFDs with leverage. This can protect against large losses by automatically closing positions when prices hit a pre-set level.
We Chose Platforms With A Great Investment Offering
CFD traders of all levels will have access to diverse trading opportunities by picking a broker with a wide range of markets.
Therefore, we prioritized CFD trading platforms that provide access to the most popular asset classes, notably stocks, indices, forex, commodities and cryptos.
Some CFD trading platforms also excelled during our tests by offering key assets that will be of interest to traders in Singapore. IG, for instance, offers CFD trading on shares from the Singapore Exchange, the Straits Times Index (STI), and currency pairs with the SGD, including AUD/SGD, EUR/SGD and SGD/JPY.
Our experts have also been trading at IG for years with real money and consistently praise the excellent CFD trading conditions.
We Chose Platforms With Excellent Pricing
CFD trading is popular with short-term traders where frequent transaction costs can eat into profits. Consequently, choosing a brokerage with tight spreads and low/no commissions is critical.
As part of our personal tests and in-depth analysis, we also weigh fees with the quality of the platforms and tools, such as analyst insights into central bank decisions or economic reports that could impact shares listed on the Singapore Exchange.
Additionally, we factor in non-trading fees, such as conversion costs if depositing Singapore Dollars (SGD) to a live account denominated in another currency, such as the US Dollar (USD). This analysis allows us to identify the lowest-cost CFD brokers that provide a first-rate trading environment.
Our extensive real-money testing shows IC Markets leads the pack here, especially for serious day traders, featuring ultra-tight spreads from 0.0 pips, cash rebates, plus reliable order executions, ensuring you can secure optimal prices in fast-moving CFD markets.
We Chose Platforms With Superb Charting Tools
After years of evaluating hundreds of CFD providers in Singapore, we’ve learnt that a user-friendly and powerful charting platform is essential for an effective trading experience.
MetaTrader 4 and MetaTrader 5 remain the most widely available third-party platform despite an outdated interface we don’t enjoy using. Nonetheless, for experienced traders wanting sophisticated charting tools and algo trading, they’re a solid choice.
For newer CFD traders, the in-house platforms developed by brokers like Forex.com have come a long way, now sporting a genuinely intuitive interface with superior charting tools, including 80+ indicators, 50+ drawing tools and 14 timeframes.
We Chose Platforms With Convenient Account Funding In Singapore
We know from first-hand experience trading CFDs that picking a brokerage with secure and hassle-free payment methods can make for a smooth experience.
The most popular payment methods in Singapore are credit and debit cards, accounting for 53% of transactions according to Commission Factory, while alternative solutions like PayPal, Apple Pay and Google Pay are also widely used.
Every one of our top-rated CFD brokers in Singapore offers at least one of these methods, while Pepperstone excels by providing credit and debit cards, plus PayPal. It also offers no minimum deposit, making it a stand-out option for budget traders.
FAQ
Who Regulates CFD Trading Platforms And Brokers In Singapore?
The Monetary Authority of Singapore (MAS) regulates CFD trading platforms and online brokers operating in the country.
The MAS is a ‘Green-Tier’ regulator in line with our ‘Regulation & Trust’ rating methodology, meaning it offers the highest level of trader safeguards.
How Much Money Do I Need To Open A CFD Trading Account In Singapore?
Our analysis of 141 brokers shows that you normally need 0 to 250 USD, around 0 to 330 SGD, to start trading CFDs in Singapore.
That said, some CFD trading platforms have no minimum deposit, with Pepperstone achieving the highest rating following our exhaustive tests.
Recommended Reading
Article Sources
- Monetary Authority of Singapore (MAS)
- Inland Revenue Authority of Singapore (IRAS)
- Singapore Stock Exchange (SGX)
- Straits Times Index (STI)
- Financial Institutions Directory - MAS
- Singapore Airlines - Singapore Stock Exchange (SGX:SIA)
- Warning On Trading Scams - Singapore Police Force
- Most Popular Payment Methods In Singapore - Commission Factory
- A Look At The Rise And Continuing Influence Of CFD Trading In Singapore - California Business Journal
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