Our pick for Singapore CFD traders is Pepperstone, for its five platforms, published Razor commissions and 1,350-plus markets. It serves Singapore from The Bahamas, though, so if you want MAS supervision, IG Asia, CMC Markets Singapore or OANDA Asia Pacific are the licensed local route.
Your questions, answered
What is the best CFD trading platform in Singapore?
For most active CFD traders we would pick cTrader or MetaTrader 5 through Pepperstone, because both handle depth of market, automated strategies and fast order entry. If you trade from charts, TradingView is available on Pepperstone's Razor account. Prefer a MAS-licensed provider? IG offers TradingView, MT4 and ProRealTime locally, and CMC Markets has its own CMC platform plus MT4.
Which is the lowest fee CFD broker in Singapore?
No broker is cheapest on every product, so compare the one you trade most. Pepperstone's published FX cost on Razor is the raw spread plus SGD 9.10 per lot round turn on an SGD account, and it charges nothing for deposits, account keeping or inactivity. Fusion Markets advertises USD 2.25 per side, below Pepperstone's USD 3.50, so on raw FX commission alone Pepperstone is not the cheapest.
Which CFD broker in Singapore has the tightest spreads?
Raw-spread accounts show the tightest quotes; Pepperstone's Razor account starts from 0.0 pips on major FX and 0.08 on spot gold, with commission charged separately. A tight spread with a high commission can still cost more, so add both. Check spreads during the Asian session too, since some pairs quote wider while London and New York are closed.
Which CFD broker in Singapore is best for beginners?
A beginner is better protected by a MAS-licensed provider, where retail FX leverage is capped at 20:1 and a Singapore regulator oversees conduct. If you still choose Pepperstone, use the Standard account, practise on the free demo first and set your own lower leverage in the client area. Learning on 1:200 leverage is how many first accounts are wiped out.
Which CFD brokers accept Singapore residents?
MAS-licensed CFD providers such as IG Asia, CMC Markets Singapore, OANDA Asia Pacific and Phillip Nova are set up for Singapore residents. Among offshore brokers, Pepperstone accepts them through its Bahamas company, and XS lists Singapore on its sign-up form. Capital.com's international site, by contrast, says it is not directed at Singapore residents and that it is not licensed by MAS, so we do not recommend it here.
CFD broker comparison for Singapore traders
Pepperstone: Bahamas licence, 1:200 retail FX leverage, five platforms, Razor raw pricing, $10 minimum. IG Asia: MAS-licensed, 13,000 CFD markets, guaranteed stops, MT4, TradingView and ProRealTime. CMC Markets Singapore: MAS licence 100063, CMC platform and MT4. OANDA Asia Pacific: MAS-licensed, 20:1 maximum leverage, MT5 and TradingView, guaranteed stop-loss orders.
Which CFD brokers offer a free demo account to Singapore traders?
Pepperstone, XS and the MAS-licensed providers we checked all offer demos. Pepperstone's demo runs on all five of its platforms with virtual funds; its MT4 and MT5 demos last 60 days unless you hold a funded live account. Use the demo to test the exact platform and account type you plan to fund, because Razor and Standard pricing look different on screen.
What leverage can Singapore traders get on CFDs?
It depends on who holds your account. A MAS-licensed firm must apply at least 5% margin on retail FX CFDs, or 20:1, and OANDA's Singapore site shows margin based on 20:1 maximum leverage. Offshore, Pepperstone's Bahamas licence allows retail clients 1:200 on FX, gold and major indices, 1:50 on most commodities, 1:20 on shares and BTC/USD and 1:10 on metals other than gold.
Which CFD broker offers the most markets?
On published counts, IG's Singapore site advertises CFDs on 13,000 markets, well ahead of Pepperstone's 1,350-plus. Pepperstone's breakdown, dated March 2025, is 93 FX pairs, 26 indices, 1,162 shares, 40 commodities, 95 ETFs and 31 cryptocurrencies. More markets only matter if you trade them, so check the specific symbols you want.
Which CFD broker has the best trading platform?
On platform choice, Pepperstone, because one account opens on MT4, MT5, cTrader, TradingView or its own web platform and app. cTrader suits scalpers who want depth of market and transparent commission, MT5 suits expert advisers, and TradingView suits chart-led traders. IG's proprietary platform with guaranteed stops is the strongest alternative from a MAS-licensed firm.
How much does CFD trading really cost per month?
Work it out from your own volume. A trader doing 20 round-turn lots a month on EUR/USD on Pepperstone's SGD Razor account pays SGD 182 in commission, plus the raw spread, plus overnight swap on anything held past 5pm New York time. There is no monthly account or platform fee, so the bill scales only with how much and how long you trade.
What overnight financing costs apply to CFD trading?
Any CFD position open at 5pm New York time, which is 5am or 6am in Singapore, is charged or credited financing. At Pepperstone, a long index or share CFD pays the market reference rate plus 2.5% a year on the position value, divided by 360 days, while FX swaps follow tom-next rates. FX positions held on Wednesday night are charged three days' swap to cover the weekend.
Which CFD broker is best for high volume traders?
Pepperstone suits volume because its costs are a fixed commission per lot, and at USD 15 million monthly notional for two consecutive quarters you can qualify for Premium service with an account manager. Its cash rebates, $1 to $3 per FX lot, are reserved for professional clients. CMC Markets Singapore also advertises custom rebates for high-volume traders through its CMC Alpha programme.
Which CFD broker is best for day trading in Singapore?
For day trading we prefer Pepperstone's Razor account on cTrader or MT5: raw spreads, a known commission and execution from 50 milliseconds. Positions closed before 5pm New York time pay no swap at all. The trade-off for a Singapore day trader is the offshore licence, so keep only the capital you are actively using with any broker.
Which CFD brokers offer 1:200 leverage to Singapore traders?
Only offshore brokers do, because MAS-licensed firms are held to 20:1 on retail FX. Pepperstone offers 1:200 on FX, gold and major indices under its Bahamas licence, and XS advertises dynamic leverage up to 1:2000 on its accounts. High leverage means a small move can close your account; Pepperstone's negative balance protection stops retail losses at the money in the account, but that money can still go in minutes.
How do I check whether a CFD broker is trustworthy?
First, find the company named in the account agreement, not the brand, and look it up on that regulator's own register. For Singapore, search the MAS Financial Institutions Directory for a licence and the MAS Investor Alert List for warnings. Then check how client money is held, whether negative balance protection applies to you, and whether withdrawals return to the source account in your name.
Which CFD brokers offer an API for automated trading?
Pepperstone supports automation through expert advisers on MT4 and MT5 and cBots on cTrader, rather than a separate public API on its pages. Interactive Brokers Singapore lists APIs among its software tools for developers. If you only need a strategy to run unattended, an MT5 expert adviser on a VPS is usually simpler than writing to an API.
Which CFD brokers offer 24 hour trading?
Pepperstone offers more than 100 US share CFDs on a 24/5 basis using symbols with a -24 suffix, most crypto CFDs 24/7, and perpetual CFDs on gold and other markets that trade through weekends. IG's Singapore site shows weekend prices on markets such as Wall Street, Hong Kong HS50 and EUR/USD. Expect wider spreads and thinner liquidity outside the main session.
Which CFD broker has the best customer support in Asia?
Pepperstone offers support 24 hours a day Monday to Friday and 18 hours at weekends, and its APAC teams answer through WhatsApp, LINE and WeChat. A MAS-licensed provider adds something support cannot: a local office and a Singapore regulator behind it. Test support with a real question about fees before you deposit.
What are typical spreads and commissions on CFDs?
At Pepperstone, index CFDs carry no commission and start from 0.4 points on the US 500 and 1 point on the Nasdaq 100. Share CFDs carry commission instead: USD 0.02 per share on US shares and 0.20% per side on Hong Kong shares. FX and spot gold are commission-free on Standard but priced raw plus commission on Razor.
Which CFD broker is most reliable during volatile markets?
No broker can promise a fill at your price in a fast market; stop-losses can slip, which is why guaranteed stops exist. IG and OANDA offer guaranteed stops in Singapore at a cost, and Pepperstone does not. What Pepperstone does publish is a 99.00% fill rate and no dealer intervention, which describes normal conditions better than a news spike.
Which CFD brokers offer professional or accredited investor accounts?
Pepperstone runs a Pro account with leverage up to 1:500 on major FX and gold and access to its active-trader rebates, subject to its own professional-client test. In Singapore, MAS-licensed firms such as IG serve accredited investors, whom MAS defines by net personal assets above S$2 million, net financial assets above S$1 million or income of at least S$300,000. Accredited status is opt-in, and you give up some retail protections when you take it.
Which CFD brokers support the Asian trading session?
Pepperstone quotes its Asian index CFDs, including the Hong Kong 50, China A50 and Japan 225, through the Asian morning, and FX trades around the clock on weekdays. Its new HSTECH and TAIEX index CFDs trade 23 hours a day, five days a week, on MT5 and cTrader. Pepperstone lists hours in platform time, which is five or six hours behind Singapore.
What is the best CFD trading account for a Singapore trader?
For most active traders, an SGD-denominated Pepperstone Razor account, so that deposits from a Singapore bank are not converted and FX costs are shown as raw spread plus commission. Choose Standard if you trade mainly indices or commodities, where Razor and Standard are priced the same. Either way, the account is with Pepperstone's Bahamas company.
Which brokers let Singapore traders trade CFDs on margin?
All CFD providers trade on margin, so the real question is how much. MAS-licensed providers such as IG, CMC Markets, OANDA and Phillip Nova follow MAS margin rules, which start at 5% on retail FX. Pepperstone asks for 0.5% on FX under its Bahamas licence, and its margin calculator in the client area shows the exact requirement for each trade.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
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