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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Singapore

Top Singapore trading platforms
Top Singapore Online Trading Platforms 2021

This guide to the best brokers in Singapore has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the most recent information about finding the top trading patforms in Singapore.

If you're a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You'll get proficient skills at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker in Singapore who'll be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program is key to your success.

We currently have 17 Online Brokers from our research that we believe are the Reputable Brokers in Singapore

Who Are The Best Singapore Trading Patforms?

This review has been provided to help you find an experienced Singapore broker. When looking for a great, reliable broker in Singapore it can be very confusing.  Below we show what your trading options are in Singapore and what Singapore brokers can offer you.

A free trial of at least 3 days is a good way to understand the capabilities and reliability of any Singapore trading broker firm. Before making any ultimate decisions, you want to be able test the broker's platform and software in real-time but with little risk. A demo account will allow you to experiment with the software and see how easy it is. A top broker in Singapore should make it as easy as possible for you. They shouldn't have to do extensive research nor set up multiple accounts before they let you start investing.

We currently have 17 Online Brokers in our database that we believe are the Reputable Online Brokers in Singapore

Alfa FinancialsTopForexicm capitalCFI MarketsBinanceThinkMarketsWestpacEvans and PartnersCMC MarketsWellsTradeIC MarketssogotradeRoboforexFinmaxIntertraderForexMarthsbc online share trading
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Rating5.92/56.16/55.90/54.33/55.88/58.30/56.08/53.88/55.88/51.73/58.34/54.95/57.85/53.17/56.28/56.86/53.15/5
Minimum Deposit$500$100$250$100$100$250$50$500$200$30$200$250$1$0$1$1$250
Year Founded19872009201520122017201020082012198920082007201620092008200920152013
HeadquartersUAECyprusGenevaCyprusJapanAustraliaAustrailiaUSAUKUnited StatesAustraliaUSACyprusBulgariaGibraltarCyprusUnited States
Regulated ByFinancial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F258Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin)Unregulatedthe Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)UnregulatedFinancial Conduct Authority (FCA)UnregulatedAustralian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210 Member of the Financial Commission?s Compensation Fund.Financial Services Authority (FSA)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F256
Clients10,000+10,000+10,000+10,000+13500000500,000+10,000+10,000+10,000+10,000+60,000+1,000,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskLosses can exceed depositsYour capital is at riskLosses can exceed depositsYour capital is at risk71.89% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskLosses can exceed depositsYour capital is at risk58.42% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at riskLosses can exceed depositsCFDs may not be appropriate for all individuals. You should not risk more than you are prepared to loseYour capital is at risk
Withdrawal FeesNoYesYesYesYesNoNoNoYesNoNoYesYesNoNoYesNo
Inactivity FeesYesNoNoYesNoNoNoYesYesNoNoYesNoYesNoNoNo
Deposit Fees50010025010010025050500200302002501011250
CFD FeesYesYesYesYesNoNoNoYesNoNoYesNoNoNoNoYesYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoNoYesNoNoYesNoNoNoNoYesYesNoNoNoNoYes
Accepts SkrillNoNoYesNoNoYesNoNoNoNoYesYesNoNoNoYesYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesNoYesYesYesYesNoYes
Accepts NetellerNoNoYesNoNoYesNoNoNoNoYesYesYesNoNoYesYes

Online Share Trading In Singapore

Trading stocks and shares in Singapore is highly controlled and considered very secure. However, be aware that any investment can go down as well as up, which means that your capital is at risk.

If you are just starting out with online trading then it's suggested to get a demo account with a regulated agent so you can learn the systems without the risk of losing money.

Live Forex Trading In Singapore

Forex is the biggest liquid financial market in the world with a daily monetary exchange turnover of more than $5 trillion (BIS statistics April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange between two distinct nations and the next management of the consequent position where one currency gains and the other loses.

It's simple to do Live Forex Trading in Singapore with professional online trading platforms

Live CFD Trading In Singapore

CFD trading is the buying and selling of contracts for difference via an online trading platform in Singapore. When you trade CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Singapore

Spread Betting in Singapore is possible using trusted online brokers like XTM or IC Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Singapore online trading platforms will display the prices you have.

If you are looking at how to do spread betting in Singapore then it is suggested to start with a demo account with either plus500 or Trading212 so that you can practice with virtual currency before risking your own capital.

Trading Forex in Singapore

Internationally, Singapore is considered safe to do online trading and has access to other global financial centers. In Singapore, online brokers are highly regulated, professional and supportive. 

However, it is always important to be as informed as possible so below are some of the most important things a trader should know:

The financial industry in Singapore are professional and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Singapore.

The online trading solutions used by brokers in Singapore are thoroughly tested and highly rated.

Whichever Online Trading Solutions in Singapore you decide to use, ensure they have all of the following:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Singapore

The US Dollar is considered the base currency globally so even a slight change in the US financial markets can affect the economic markets in Singapore. The EU is also a large market and changes there can affect the economic markets in Singapore.

Like all countries there are challenges in Singapore financial markets and overall the outlook is positive. However, like in all global financial markets we recommend that any Online Trading Solutions in Singapore you decide to use, make sure you do your homework first before risking your money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Singapore.  We hope that by reading this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Singapore

Is Forex Trading Legal In Singapore?

There's a growing misconception that trading Forex in Singapore is deemed unsafe. This is not the case, Forex Currency trading in Singapore is quite active, regulated and safe.

Trading in Forex is allowed in Singapore as for any business to trade globally, foreign currency must be exchanged. Any time you purchase something and it is sent from abroad, there will be multiple currency exchanges by multiple businesses to get that item to you.

The important thing is that if trading Forex in Singapore you select one of the top online brokers.

Do Forex Traders Pay Tax In Singapore?

Once a dealer is successful and their profits reach a particular level then they can be taxed in Singapore according to the standard tax rules.

Tax returns should always be filed even if there is a loss. You should seek advice with a documented accountant in Singapore to ensure you're abiding by all present regional laws as it's very dependent on your personal conditions.

Can You Trade Cryptocurrencies In Singapore?

Cryptocurrency markets in Singapore are rather new. As Cryptocurrencies operate on decentralised assets in Singapore matters like interest rate fluctuations and political instability don't impact them as far as the money markets.

Cryptocurrencies are more popular with the younger generations as well as growing income levels and technologies adoption, trading cryptocurrency in Singapore is rising day by day. It's still small compared to the Forex markets however around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Singapore?

Commodity trading in Singapore involves trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inSingapore.

Fast growing markets like India have a significant demand for many fundamental raw materials for their population. It follows that countries like Singapore can take advantage of the circumstance.