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2022 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Singapore

Top Singapore online trading platforms
Best Singapore Online Trading Platforms 2022

This guide to the reputable online brokers in Singapore has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest information about finding the top broker in Singapore.

If you are a new entrant into the world of trading and brokerage, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will acquire adept skills at all the concepts of brokerage since you keep trading. For starters, you have to select the right agent in Singapore who'll be clear 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 16 Online Brokers from our research that we believe are the Top Trading Patforms in Singapore

Finding The Top Singapore Trading Patforms?

This review has been provided to help you find an experienced Singapore broker. When searching for a good, reliable broker in Singapore it can be a little confusing.  Below we explain what your trading platform are in Singapore and what Singapore online trading platforms can do for you.

Getting a free trial of at least 3 weeks is one of the best ways to assess the capabilities and reliability of any Singapore broker. Before making any final decisions, you want to be able test the broker's platform and software in real-time but with minimal risk. This will allow you to test the software and see how easy it is. A high-quality broker in Singapore should make it as simple as possible for you. They shouldn't have to do extensive research nor set up multiple accounts before they let you start trialling their tools.

We currently have 16 Online Brokers that we believe are the Professional Online Brokers in Singapore

City Of Investmentaaafxlightspeedafx groupHYCMXTBgrinta investBOQ TradingBinanceinstaforexSpreadexhuobiOinvestRobinhoodlqdfxicm capital
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Rating3.93/55.25/56.80/55.10/56.30/57.27/56.45/55.63/55.88/58.40/56.53/57.45/54.94/56.98/56.20/55.90/5
Minimum Deposit$3000$300$250$250$100$0$250$200$100$250$1$250$200$0$250$250
Year Founded2009200820142013197720022020201420172017199920132019201320172015
HeadquartersUnited KingdomUnited StatesUSAGenevaUKPolandGrenadinesUnited StatesJapanRussiaUKChinaSouth AfricaUSAPortugalGeneva
Regulated ByFinancial Markets Authority (FMA)HCMC (Greece), FSA (St Vincent & Grenadines)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-F269Financial 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-F220Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??????n Nacional del Mercado de Valores, Komisja Nadzoru FinansowegoFinancial 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-F251Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)UnregulatedBVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321Financial Conduct Authority (FCA)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-F257Southern African Financial Sector Conduct Authority (FSCA)Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)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-F272Financial 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-F258
Clients10,000+60,000+142,500+14,000,000+10,000+250,000+200,000+10,000+1350000012,000,000+10,000+10,000+10,000+10,000,000+200,000+10,000+
Risk WarningYour capital is at riskTrading spot currencies involves substantial risk and there is always the potential for loss.Your capital is at riskYour capital is at riskLosses can exceed deposits79% 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.Your capital is at riskYour capital is at riskYour capital is at riskCFDs, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital.Losses can exceed depositsPrices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.CFDs and derivatives are leveraged products and involve high level of risk. Trading on such financial instruments may result in losing all of your invested capital. Past performance of financial instruments does not guarantee future performance.All investments involve risks, including the possible loss of capital.Your capital is at riskYour capital is at risk
Withdrawal FeesYesYesYesNoYesYesNoNoYesNoNoNoNoNoNoYes
Inactivity FeesYesYesYesNoYesNoNoNoNoYesNoNoYesNoNoNo
Deposit Fees3000300250250100025020010025012502000250250
CFD FeesYesNoNoYesNoYesNoYesNoNoNoNoYesYesYesYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesNoYesYes
Accepts PayPalNoYesYesYesYesYesYesNoNoYesNoYesNoNoYesYes
Accepts SkrillNoYesYesYesYesYesYesNoNoYesYesYesNoNoYesYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesNoYesYes
Accepts NetellerNoYesYesYesYesYesYesNoNoYesNoYesNoNoYesYes

Online Share Trading In Singapore

Trading investments in Singapore is highly regulated and considered very secure. However, conscious that any investment may go down as well as up, so your capital is in danger.

If you are just starting out using online trading then it's advised 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 using a daily financial exchange turnover of more than $5 trillion (BIS data April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange involving two different nations and the following management of the consequent position in which one currency gains and the other loses.

It's easy to do Live Forex Trading in Singapore with professional online brokers

Live CFD Trading In Singapore

CFD trading is the buying and selling of contracts for difference via an online trading partner in Singapore. When trading 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 experienced online brokers like XM or 101Investing. 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 XTM or 101Investing 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, experienced and supportive. 

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

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

The online trading solutions used by brokers in Singapore are extensively tested and highly rated & secure.

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

  • User friendly platform
  • Access to a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Professional online help or support

Challenges Of Trading in Singapore

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

Like many countries there are opportunities in Singapore economic markets but overall the prospects are positive. However, like in all global financial markets we recommend that any Online Trading Brokers in Singapore you decide to use, make sure you do your due diligence first before risking any real money. We have collected hundreds 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 is a growing misconception that trading Forex in Singapore is considered unsafe. This isn't the case, Forex Currency trading in Singapore is quite active, safe and regulated.

Trading in Forex is permitted in Singapore as for any business to trade internationally, foreign currency must be exchanged. Any time you purchase something and it is sent from abroad, there will be multiple money 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 may be taxed in Singapore according to the typical tax rules.

Tax returns must always be registered even if there is a loss. You should seek out advice with a registered accountant in Singapore to ensure you are abiding by all present local laws as it's extremely dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Singapore?

Cryptocurrency markets in Singapore are rather new. As Cryptocurrencies work on decentralised assets in Singapore matters like interest rate changes and political instability don't affect them as far as the fiat markets.

Cryptocurrencies are more popular with the younger generations as well as increasing income amounts and technology adoption, trading cryptocurrency in Singapore is increasing day by day. It is still small compared to the Forex markets however about $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Singapore?

Commodity trading in Singapore includes trading in things like precious metals, energies and agricultural commodities.

Some commodities such as agricultural are seeing exponential growth inSingapore.

Fast growing markets like India have a big need for many fundamental raw materials because of their population. It follows that countries like Singapore can benefit from the circumstance.