Compare 4 best CFD brokers in Singapore 2024

We review 63+ of the best CFD trading platforms in Singapore to find the most secure brokers with low spreads.
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Updated: May 9, 2024
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This detailed guide is the result of our extensive research. We’ve picked out the top CFD trading platforms that offer the best service to help you start CFD trading in Singapore.

To identify the best services, we created a checklist of key criteria that a Singapore CFD broker must meet in order to earn a high ranking. The features it must offer include:

  • Regulatory approval from the Monetary Authority of Singapore (MAS), the financial regulator in Singapore
  • A low-cost way to trade CFDs in Singapore
  • A free demo account for beginners
  • A significant number of available trading instruments to invest in, including stocks, forex, commodities, and crypto CFDs where available

The results are clear: Our panel recommends AvaTrade as the best CFD broker in Singapore for 2024.

Best CFD brokers Singapore

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Alongside AvaTrade , a number of other Singapore CFD brokers impressed the experts. We rank these platforms highly, as CFD trading platforms in Singapore that offer a secure, simple, and low cost trading experience.

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1
Min. Deposit
$ 100
Best offer
User Score
9.2
Choose over 100 popular stock CFDs
Buy and Sell Stock CFDs with as little as £100
Zero Commissions - no hidden fees
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, neteller, Credit Card, Wire Transfer, WebMoney, Visa, Mastercard, American Express, MoneyBookers, Rapid Transfer, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FSA, FSCA, MiFID
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
$ 100
Best offer
User Score
9.7
Open an MT5 account to go long or short on 250 of the largest US, Australian, and European stocks
Instruments in 21 time-frames and 80 pre-installed indicators
Multi jurisdiction regulation by ASIC and VFSC
Start Trading
Payment Methods:
PayPal, neteller, Credit Card, Wire Transfer, Cryptocurrencies, skrill
Full Regulations:
ASIC, CySEC, FCA
74-89% of retail CFD accounts lose money

Our top 4 best CFD trading platforms in Singapore, reviewed & compared

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1. AvaTrade. Best regulated broker for secure trading

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From 0.13%

Fees

$100

Minimum deposit

1,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Trade 1000+ CFDs with competitive spreads Regulated by Tier 1 financial bodies across the world Consistently highly rated trading platform on web and mobile Offers social trading through its proprietary AvaSocial platform
Spreads are competitive without being industry-leading Some assets are only available to trade through the MetaTrader software

Overview

We love AvaTrade because it offers powerful trading software to anyone who wants to trade professionally. AvaTrade is a CFD broker where you can trade more than 600 stocks from major global exchanges and all stock trades are commission free. 

AvaTrade integrates with trading software like MetaTrader 4 and 5 and boasts its own bespoke and award-winning mobile app software, AvaTradeGo. AvaTrade has been around since 2006 and is extensively regulated in Europe, Australia, Japan, British Virgin Islands, UAE, and South Africa.

The fees: There are no fees on any stock trading. AvaTrade makes money from the Bid/Ask spread instead. Stock spreads start from 0.13%. An inactivity fee of £50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Visit AvaTrade AvaTrade Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Plus500. Best for international CFD trading*

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From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Eightcap. Best online broker for choice of trading platform

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Up to $3.5 RT

Fees

$100

Minimum deposit

800

No. assets

Yes

Demo/virtual account

Pros & Cons

Low trading fees for CFDs Trade directly from the TradingView platform Regulated by top-tier authorities Leverage up to 1:500 Partnered with multiple proprietary trading firms
Some markets are not available to all regions Customer support does not operate 24/7

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors. 

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap has over 900 markets available including stocks, forex, indices, commodities, and cryptocurrencies. 

The fees: Eightcap is a CFD broker and charges spreads, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

Visit Eightcap Eightcap Review
74-89% of retail CFD accounts lose money

4. IG Markets: Best for trusted and transparent CFD trading

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From 0.5%

Fees

...

Minimum deposit

17,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Intuitive web trading platform Excellent demo account available Variety of deposit and withdrawal options Wide variety of useful educational tools Trading platform tutorial to get you started
High fees for CFD trading Slow account opening process Limited product portfolio

Overview

We love IG because it’s one of the most established and reputable names in the online trading industry, known for its reliability, comprehensive market offerings, and strong regulatory compliance. IG offers CFD trading in stocks, indices, ETFs and more, with plenty of useful plugins and integrations to improve the trading experience.

One of the key strengths of IG Markets is its seamless integration with MetaTrader 4 (MT4), a popular third-party trading platform favored by many traders for its advanced charting tools, automated trading capabilities, and custom indicators. This integration allows users to leverage MT4’s sophisticated features while benefiting from IG Markets’ competitive pricing, reliable execution, and extensive market access.

Beyond its product range and platform integrations, IG Markets stands out for its commitment to education and customer support. The company offers a wealth of educational resources, such as webinars, tutorials, and market analysis, which help traders of all levels improve their knowledge and skills.

The fees: Each stock trade is charged a commission, which varies depending on whether it’s a US, UK, or European stock. In each case, a minimum charge applies, so every US stock trade is charged $15 commission or 2 cents per side of the trade, whichever is greater.

Highlights

Visit IG Markets IG Markets Review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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Yes, you can legally trade CFDs in Singapore. However, certain aspects of CFD trading are regulated by the Monetary Authority of Singapore (MAS). The restrictions generally work in your favour, as they are designed to protect traders from large, unexpected losses.

Primarily this means there are limitations on the amount of leverage that CFD brokers in Singapore can offer, along with a limit on the maximum losses any retail customer account can experience. In addition, they must clearly warn traders of the risks involved so you can make informed trading decisions.

How to find a reliable CFD broker in Singapore

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The key features that separate the best CFD broker in Singapore from the rest are security, cost, the range of markets available. Keep those in mind and you won’t run into too many problems. 

If you need more help making up your mind, use this short Q&A to find the best CFD trading platform in Singapore.

Are CFD brokers in Singapore regulated?

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Yes, CFD trading platforms in Singapore are licensed and regulated by the Monetary Authority of Singapore (MAS). The Monetary Authority of Singapore (MAS) sets the rules on Singapore CFD trading, such as how much leverage is available when you trade a contract for difference (CFD), along with which assets and markets are available.

The best CFD brokers in Singapore often hold several licences across various jurisdictions. Here’s a look at the top 3 CFD platforms in Singapore:

Region AvaTrade regulators Plus500 regulators Eightcap regulators
Africa FSCA FSA
Asia FSA
Australasia ASIC ASIC, FMA ASIC
Europe CBI, MiFID, CySEC FCA, CySEC FCA, CySEC
International BVIFSC, FRSA
North America
South America
View more > AvaTrade > Plus500 > Eightcap >

How else do CFD trading platforms in Singapore protect me?

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The top CFD brokers in Singapore offer negative balance protection, which is a form of insurance that protects you from losing more money than you have in your account. This is particularly useful if you use leverage or short CFDs, as it’s possible to lose significantly more than the initial value of your trade.

A Singaporean CFD broker should also protect you by providing Two Factor Authentication (2FA) to secure your account and with a customer service line that’s always open and available to help. 

What types of Singaporean CFD brokers are there?

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Most of the time, you’re going to be dealing with market makers. A market maker is a CFD broker in Singapore that effectively creates a market for any asset at all times, so you can always buy or sell.

Other forms of Singapore CFD brokers include direct market access (DMA) brokers or STP/ECN brokers. These offer faster trade execution or allow you to buy and sell from other traders directly, rather than through an intermediary. Though the truth is that these services are geared towards professional or high volume traders, rather than casual users.

How much do CFD brokers in Singapore cost?

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Most CFD brokers in Singapore offer no-commission trading, so you don’t have to pay each time you make a trade. However, the costs come elsewhere, usually in the form of the spread.

The spread is the difference between the buy and sell price of a contract for difference (CFD). The best Singapore CFD trading platforms make money by taking a cut of that difference, so you can compare the costs of using different platforms by comparing the spreads. The lower the difference between the buy and sell price, the more cost-effective a platform is.

Product AvaTrade spreads Plus500 spreads Eightcap spreads
Stock CFDs From 0.13% 0.10% From 1.2 pts
ETF CFDs From 0.13% 0.10%
Forex CFDs From 0.9 pips 0.8 pips From 0.0pips
Crypto CFDs From 0.15% over market 2% From 0.5%
Index CFDs From 0.03 over market 0.20% From 1.2 USD
Commodity CFDs From $0.0015 over market 0.50% From 0.12 USD
View all tradable assets > AvaTrade > Plus500 > Eightcap >

Which assets can I trade through a Singapore CFD broker?

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Any CFD broker in Singapore will offer currency and commodity markets. CFDs are the most common way to trade forex and commodities like gold and oil.

Then the rules can change depending on the whims of the Monetary Authority of Singapore (MAS). Generally, you can trade stock CFDs, though the available companies may vary. In addition, you may be able to trade:

  • Crypto CFDs
  • ETF CFDs
  • Indices CFDs

Though the regulation for crypto CFDs, in particular, can change rapidly.

To buy and sell the underlying assets, rather than using CFDs, consider using the best brokerage accounts in Singapore, the best forex brokers in Singapore, or the best crypto exchanges & apps in Singapore.

Product AvaTrade assets Plus500 assets Eightcap assets
Stock CFDs 612 1,800+ 600+
ETF CFDs 61 100+
Forex CFDs 108 50+ 40+
Crypto CFDs 20 40+ 250+
Index CFDs 31 20+ 10
Commodity CFDs 19 20+ 4
View more > AvaTrade > Plus500 > Eightcap >

Can I use leverage to trade CFDs in Singapore?

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Yes, it’s common and legal to trade CFDs with leverage in Singapore. The maximum permitted leverage is set by the Monetary Authority of Singapore (MAS), and all CFD brokers in Singapore must abide by those rules.

In reality, each CFD broker in Singapore also offers differing leverage on different assets. Currency pairs offer the most leverage, as it’s a vital part of successful forex trading, while stock and crypto CFDs generally offer the lowest.

Product AvaTrade maximum leverage Plus500 maximum leverage Eightcap maximum leverage
Stock CFDs 10:1 1:5 5:1
ETF CFDs 20:1 1:5
Forex CFDs 400:1 1:30 500:1
Crypto CFDs 25:1 1:2 2:1
Index CFDs 200:1 1:20 20:1
Commodity CFDs 200:1 Up to 1:20 10:1
View more > AvaTrade > Plus500 > Eightcap >

Are there any other ways to trade?

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Yes, one of the most appealing aspects of CFD trading for beginners is the fact you can use CFDs to trade for and against the market. Shorting is when you place a trade on an asset or market to fall in value, and is a very popular way to trade.

Because of that, you can also use CFDs to hedge other trades that you have open. This is where you place a trade on the opposite position to one you made previously. It’s used as a risk management strategy to minimise losses or lock in profit in case something changes.

Do CFD platforms in Singapore offer professional trading accounts?

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Yes, generally they do, although the qualifications can be steep. Most of the best trading platforms in Singapore offer a retail account to all users, then provide faster execution speeds or lower spreads to high volume users who must meet certain capital requirements.

These accounts are only accessible to a small number of people, who have both significant starting funds and a high annual turnover. Unless you can supply the equivalent of at least $500,000 as a qualifying deposit, it’s unlikely you’ll be able to sign up to a professional account with any Singaporean CFD provider.

How to start trading CFDs in Singapore

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Follow this guide to learn how to use a CFD trading platform in Singapore and to place your first CFD trade.

Step 1. Create an account

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Choose the best CFD broker in Singapore and sign up with your email and contact details. You may be asked to supply some photo ID to meet Monetary Authority of Singapore (MAS) regulations.

Step 2. Deposit some money

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Fund your account with your favoured payment method. Most CFD brokers in Singapore accept bank transfers, card payments, and some e-wallets like PayPal.

Step 3. Choose what to trade

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Search for the asset you want to trade. Stock CFDs can be found by searching for the correct ticker symbol, and the same is true for currency pairs, commodities, and crypto CFDs as well.

Step 4. Decide whether to go long or short, and set your position size

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Choose whether to buy (go long) or sell (short) the asset. Then enter how much you want to trade (this is known as the ‘margin’) and how much leverage you want to use.

Step 5. Finalise the trade

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Check the details and execute the trade once you’re happy with it. After that, keep monitoring the position regularly until you’re ready to close it out. Consider setting stop-loss limits to protect you from unexpected swings in the market.

Choose a CFD broker

To summarise

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CFD trading is a popular and accessible way to trade for all Singapore users, but there are a few risks as well. Singaporean CFD providers give you access to global markets and a greater range of trading options, so you can back markets to go both up and down.

However, using leverage can lead to significant losses and, with CFDs, you don’t own the underlying assets themselves, so you have less investor protection than – for example – company shareholders.

This guide picks out the 4 best CFD brokers in Singapore, based on their cost, accessibility, and the range of products available. Once you fully understand the pros and cons, choose any of the top CFD trading platforms above to get started with. It only takes a few minutes to start trading CFDs in Singapore. 

FAQs

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Which CFD broker in Singapore has the lowest spreads?
Which CFD broker in Singapore has the most stocks to trade?
Which CFD trading platform in Singapore has the best mobile app?
Which CFD broker in Singapore has the best leverage & margin rates?
Do I have to pay tax on money I make from CFD trading in Singapore?


Fact-checking & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.