It depends whether you want to own coins or trade prices. To own crypto, use an exchange licensed by MAS under the Payment Services Act; to trade crypto prices with leverage and the option to short, our pick is Pepperstone's crypto CFDs, most of which trade 24/7, from its Bahamas-licensed company.
Short answer: Pepperstone is our crypto CFD pick; a MAS-licensed digital payment token service is the right choice if you want the coins themselves.
Pepperstone lists 31 crypto CFDs, including Bitcoin, Ethereum, about 20 other coins and three crypto indices.
Published minimum spreads: BTC/USD 10 on Razor and 15 on Standard; ETH/USD 2 and 3.
Retail leverage on BTC/USD under Pepperstone's Bahamas licence is 1:20.
No commission on crypto CFDs; the cost is the spread plus daily financing.
A crypto CFD gives no coins, no wallet and no right to withdraw crypto.
Two regimes in Singapore
Buying and holding crypto in Singapore runs through digital payment token service providers, which MAS licenses under the Payment Services Act and lists on its Financial Institutions Directory. Moomoo Singapore, for example, now offers crypto trading in its app.
A crypto CFD is a derivative on the price. Pepperstone's crypto CFDs for Singapore residents come from its Bahamas company, so neither the Payment Services Act protections nor MAS supervision applies to them.
Our crypto CFD pick
31 crypto CFDs, most tradable 24/7 with no weekend downtime, Bitcoin from 10 on Razor, on MT4, MT5, cTrader, TradingView and its app, from a Bahamas-licensed company.
Pepperstone's international site states that 80% of retail investor accounts lose money when trading CFDs with this provider.
Crypto CFDs on MT5
Crypto CFDs on all its account types on MT4 and MT5, including Elite (from 0.1 pips on EUR/USD, $6 round-turn commission, $500 minimum); offshore, FSA Seychelles.
Pepperstone, Capital.com and XS are our partners. We may earn a commission if you open an account through our links. That does not change the facts on this page.
Your questions, answered
Which broker is best for crypto CFDs?
Pepperstone is our pick, because its crypto CFDs trade around the clock without weekend platform downtime and carry no commission, with Bitcoin and Ethereum also priced in AUD, GBP and EUR as well as US dollars. Its three crypto indices let you trade a basket of the top 10, 20 or 30 coins in one position. Leverage is capped at 1:20 on Bitcoin for retail clients.
Where can I trade Bitcoin CFDs?
Pepperstone and XS both offer Bitcoin CFDs to Singapore residents from offshore entities. At Pepperstone, BTC/USD is available on MT4, MT5, cTrader, TradingView and its app, mostly 24/7. If you want Bitcoin itself rather than a price contract, buy it through a MAS-licensed digital payment token provider.
Which broker has the lowest spread on Bitcoin?
Pepperstone publishes a minimum BTC/USD spread of 10 on its Razor account and 15 on Standard, quoted in US dollars per coin, and advertises Bitcoin from $15. Those are minimums; weekend and late-night quotes are often wider. Against Bitcoin's price a $15 spread looks tiny, but a trader opening ten positions a day pays it ten times.
What is the difference between a crypto CFD and buying the coin?
With a CFD you trade Bitcoin's price with margin, can go short and never hold a wallet or private key. Buying the coin means you own it, can move it to your own wallet and pay no nightly financing, but you must keep it secure. CFDs suit short-term trading; owning suits long-term holding.
Which broker offers Ethereum CFDs with tight spreads?
Pepperstone lists ETH/USD from 2 on Razor and 3 on Standard, priced in US dollars, and also offers Ethereum priced in AUD, GBP and EUR. Ethereum CFD spreads move with liquidity, so check them during the US session as well as overnight in Singapore. There is no commission on crypto CFDs at Pepperstone on either account.
What leverage is available on crypto CFDs?
Pepperstone's Bahamas licence sets retail leverage on BTC/USD at 1:20, meaning 5% margin, and its professional clients can reach 1:500. Crypto can move 10% in a day, which at 1:20 is twice your margin. Use far less than the maximum, or none at all, if you are new to crypto volatility.
What fees apply when trading crypto CFDs?
At Pepperstone you pay the spread when you trade and a daily financing charge on positions held past 5pm New York time; there is no commission and no deposit or account fee. Pepperstone's crypto financing is the position value times a daily percentage divided by 360, and the current rate is shown in the platform. On a long hold, financing usually becomes the largest fee.
Which broker offers the most cryptocurrencies as CFDs?
Pepperstone lists 31 crypto CFDs, counted in March 2025: Bitcoin, Ethereum, about 20 other coins such as Bitcoin Cash, Litecoin, Ripple, Polkadot and Dogecoin, and three crypto indices. That is fewer coins than a crypto exchange offers. If you want small-cap tokens, an exchange is the only route.
Can you trade crypto CFDs at the weekend?
Yes. Pepperstone says most of its crypto CFDs trade 24/7 with no weekend platform downtime and no associated price gaps. The weekend is when liquidity is thinnest and spreads can widen. Remember that FX and stock markets are closed then, so a weekend crypto move cannot be hedged with them.
What are the overnight financing costs on crypto CFDs?
Pepperstone charges crypto financing every day a position is held past 5pm New York time, which is 5am or 6am in Singapore, using a percentage set for each coin and divided by 360. Crypto trades seven days a week, so financing is charged at weekends too. Check the long and short rates in the platform before holding for more than a few days.
Which broker is best for Bitcoin day trading?
For Bitcoin day trading we prefer Pepperstone, since there is no commission, spreads start from 10 on Razor and an intraday trade closed before rollover pays no financing. Execution from 50 milliseconds helps when Bitcoin moves fast. Keep leverage low; at 1:20, a 5% drop wipes out the margin on that trade.
Where can I trade crypto CFDs on MetaTrader?
Pepperstone offers its crypto CFDs on both MT4 and MT5, and XS lists crypto on MT4 and MT5 across its accounts. Symbols may carry a broker suffix, so search for BTC or ETH in the Market Watch window. Expert advisers can trade crypto on MetaTrader, which is useful because the market never closes.
Are crypto CFDs safer than using a crypto exchange?
They remove some risks and add others. A CFD avoids exchange hacks, lost private keys and wallet errors, and Pepperstone's retail clients get negative balance protection. It adds leverage, nightly financing and counterparty risk on an offshore broker, and you never own the coin, so neither is simply safer.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
Our crypto CFD pick
Crypto CFDs on MT5