Best CFD Investment Accounts in Singapore
Updated: 6 Aug 2025
Product Name | Hot Reward Pick | SingSaver Reward | Min. Commission Fee | Min. Trading Fee | Min. Deposit for Rewards | |||
|---|---|---|---|---|---|---|---|---|
 | Plus500 | S$1,826 | S$0 | 0 % | S$500 | |||
 | FOREX.com | S$2,020 | - | S$0 | S$1,000 | |||
 | IG | S$3,917 | - | 0.1 % | S$1,000 | |||
 | Saxo Markets | S$150 | - | 0 % | S$2,000 | |||
 | CMC Markets | S$929 | - | 0 % | 0 | |||
 | uSMART SG | S$135 | US$0.88 | 0 % | S$1,000 |
- Trade over 2,000 contracts for difference (CFDs) across a wide range of financial products, such as indices, forex, shares, commodities and more.
- Every instrument gives different TPoints (Trader Points) based on the amount traded.
- No withdrawal and deposit fees
- Free real-time price quotes
- Web and mobile platforms available for added flexibility
- Demo account available for practice and experimentation
- Licensed by MAS
- Singapore's #1 in client satisfaction* By overall satisfaction, Investment Trends 2023 Singapore Leverage Trading Report
- Monthly fee of US$10 after 3 months of inactivity
- Guaranteed stop order type is subjected to a wider spread
- Overnight funding and currency conversion fees apply
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for some investors. Please ensure you fully understand the risks involved. The listed provider is licensed and regulated by the Monetary Authority of Singapore. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- State-of-the-art trading platform with intuitive deal tickets, risk management tools, price alerts and expert insights
- Trade global CFD markets offered across thousands of asset classes
- Market-leading spreads on major indices from 0.3 points
- Min. commissions on US stocks from 1.5c per share (min. S$8) and SG stocks from 0.08% (min. S$10)
- Monthly cash rebates, referral rewards and new trader bonuses
- Extended hours trading on 150+ major US stocks
- Web and mobile traidng platform available, connectable with MT4 and TradingView
- Part of the StoneX Group Inc., a Fortune 100 financial giant with a proven track record of financial services and transparency
- 24/5 client management support (Message, hotline, email)
- Licensed and regulated by MAS, NFA, CFTC, CIRO, CySEC, CIMA, FCA, SFC, FSA, ASIC
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Trade 13,000+ markets on Singapore's No.1 CFD/FX broker (By total client relationships. Investment Trends 2022 and 2023 Singapore Leverage Trading Report)
- Trade contracts for difference (CFDs) across a wide range of financial products, such as indices, forex, shares, commodities and more
- Take greater control over your dealing with built-in access to advanced 3rd-party platforms such as TradingView, MT4, and ProRealTime
- No min. deposit required
- Trade with low spreads – from as low as 0.1 on indices, 0.6 on forex, 0.3 on commodities, and 0.10% on shares.
- Get rewarded monthly with cash rebates straight into your trading account when you trade more than S$10 million in notional value. For more details, refer here
- Practice trading with S$200,000 virtual funds on a demo account
- Read our full review of IG
- Min. commission fee of S$10
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- 185+ currency pairs available for Forex traders from 0.4 pips, no commission charged and earn cash rebates `
- Access 8,600+ CFDs with tight spreads, low commission and cash rebates
- Demo account available for practice or experimentation
- No inactivity fee levied
- SaxoTraderPRO available for advanced investors who require a more comprehensive platform
- Read our full review of Saxo Markets
- Annual custody fee of up to 0.12% charged for accounts with Stocks, ETFs/ETCs or Bond positions opted out of Securities lending. No custody fee for account plans opted into Securities Lending. Learn more here.
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Extensive range of product catalog where clients are able to trade up to 12,000 instruments
- Access to award winning trading platforms with rich, highly customisable features such as an advanced order panel
- No withdrawal fees
- No min. deposit required
- Free demo account available for practice
- Min. commission fee of S$10
CMC Markets Singapore Pte. Ltd. Co. Reg. No./UEN 200605050E ("CMC Markets"). Regulated by the Monetary Authority of Singapore (CMSL No: 100063). See risk warning/disclosures and other important information (including the applicable terms of business) at our website: Home. Singsaver is our paid affiliate marketing partner.
The Information provided is not to be regarded as an offer, a solicitation or an invitation to deal in any investment product or an advice or a recommendation with respect to any investment product, and does not have regard to the specific investment objectives, financial situation and particular needs. Contracts for Difference (“CFDs”) are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. Countdowns carry a level of risk to your capital as you could lose all of your investment. Invest only what you can afford to lose. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Trade US Stocks and ETFs at only S$1 per order. T&Cs apply.
- Access stocks, but also options, CFDs (including stocks, forex, gold/silver, crypto), and Crypto ETFs.
- US Stocks: $0 commission, with a fixed platform fee of $1 per transaction.
- Options: Lowest fees at $0.50 per contract. For premiums less than $0.10, the commission is only $0.10 per contract.
- CFDs: 0 commission, with spreads starting as low as 0.27 points.
- Free and interactive learning materials, videos and features to help new investors embark on their investment journey
- Platform fees apply for every trade
Overview of top CFD brokers
Finding the best CFD broker in Singapore for your needs? Check out the unique features of each platform here:
- City Index: Known for its robust trading platform with advanced charting tools and a wide range of educational resources, making it a strong choice for both beginner and experienced CFD traders.
- CMC Markets: Offers a diverse range of CFD instruments, including forex, indices, commodities, and cryptocurrencies, coupled with competitive spreads and high-quality research tools.
- IG: A well-established global broker with a strong reputation for its excellent customer service and comprehensive market analysis, providing valuable insights for CFD traders.
- OANDA: Provides a user-friendly platform with transparent pricing and reliable execution, appealing to traders who prioritize a straightforward trading experience.
- Plus500: Offers a simple and intuitive platform that's particularly well-suited for beginners, alongside a diverse selection of CFDs and risk management tools.
- ProsperUs: Caters specifically to Singaporean traders with localized market insights and support, along with competitive pricing on popular CFD instruments.
- Saxo: A premium broker offering a sophisticated trading platform with advanced features and a wide array of CFDs, ideal for experienced traders seeking a comprehensive solution.
Comparison of the best CFD brokers
|
Broker |
Regulation |
Min. Commission Fee |
Min. Deposit (SGD) |
Days to Open Account |
Platforms |
Assets |
|
FOREX.com |
ASIC, MAS, FCA |
S$8 |
S$150 |
1 day |
FOREX.com Web Trader, MetaTrader 4, TradingView |
Forex, commodities, indices, shares, ETFs |
|
CMC Markets |
ASIC, MAS, FCA, CIRO, FMA, BaFin |
S$10 |
S$10 |
1 to 3 days |
Web, Mobile, Meta Trader |
Forex, Commodities, Bonds, Equities, Indices, Cryptocurrencies |
|
IG |
ASIC, FCA, FMA |
S$10 |
S$0 |
1 to 3 days |
Web, Mobile |
Forex, Commodities, Indices |
|
OANDA |
MAS, CIRO, ASIC, FCA, NFA/CFTC |
S$50 |
S$0 |
1 day |
Web, Mobile, Meta Trader |
Forex, Commodities, Bonds, Indices |
|
Plus500 |
ASIC, CySEC, MAS, FCA, FMA, DFSA, EFSA, FSA, FSCA |
S$0 |
S$200 |
1 to 3 days |
Web, Mobile |
Forex, Commodities, Equities, Indices, Options |
|
ProsperUs |
MAS |
US$5 |
S$0 |
1 to 2 days |
Web, Mobile |
Bonds, Equities, Indices, Reits, Options |
|
Saxo |
ASIC, FINMA, FCA, MAS |
S$3 |
S$3 |
1 week |
Web, Mobile |
Forex, Commodities, Bonds, Equities, Options |
Contract for Difference (CFD) trading explained
What is CFD trading?
CFD stands for Contract for Difference. It's a financial instrument regulated by the Monetary Authority of Singapore (MAS) that lets you speculate on price movements of various assets like shares, indices, forex, and commodities without actually owning them. Essentially, you're entering a contract with a CFD trading broker to settle the difference between an asset's opening and closing price.
Key Features:
- Leverage: Amplify your potential profits (and losses) with borrowed funds. This allows you to control a larger position with a smaller initial investment.
- No Ownership of Underlying Asset: Trade on price movements without owning the underlying asset, providing flexibility and access to a wider range of markets.
- Short Selling: Profit from falling markets by "selling" an asset you don't own and buying it back at a lower price.
How do CFDs work?
At its core, CFDs are relatively simple financial instruments. After all, you’re just speculating the direction and degree to which an asset’s price will move. For every point that the price moves, you make a gain or loss multiplied by the number of units that you have purchased or sold.
CFDs also complement your existing investment portfolio by hedging against losses. For example, you can turn a profit by making a short CFD trade in Business X should you hold its shares, while believing that they will lose value soon and will take some time to recover.
Pros and cons of CFD trading
Pros:
- CFDs allow for margin trading – meaning you put up a small amount of money that represents the contract’s full value
- CFDs have good synergy with existing investment portfolios, allowing investors to profit even during market downturns
- There is a variety of financial vehicles that allow for CFD trading, including currencies, commodities, stocks, ETFs, and others
- There is no limit to how many trades you can make a day, unlike other markets that might require a certain level of capital or account type
Cons:
- Spreads can be wide, especially when prices are highly volatile. This causes the trading cost incurred to be high as well.
- CFD trading is poorly regulated, causing this investment to be banned in the USA.
- There are usually two fees that you have to pay for trading CFDs:
1. Spread: Akin to spreads in Forex trading
2. Holding fee: Charged when you hold an open position past a certain time every day
CFD: Margin and leverage
Margin and leverage are two sides of the same coin in CFD trading. Margin is the amount you put down to open a position, while leverage allows you to control a larger position with that margin, magnifying both potential profits and losses.
Margin is essentially a good faith deposit you provide to your CFD trading broker to open and maintain a position. It represents a percentage of the total value of your trade. This percentage, known as the margin requirement, varies depending on the asset you're trading and the broker's policies. For example, if the margin requirement for a particular trade is 10% and you want to open a position worth $10,000, you'll need to put down $1,000 as margin.
Leverage allows you to control a larger position with a smaller initial outlay. It's the ratio of the total value of your position to your margin. In the example above, with a 10% margin requirement, you have a leverage of 10:1. This means that for every $1 of your own money, you can control $10 worth of the asset. While leverage can magnify your profits, it also magnifies your losses, potentially exceeding your initial investment. Therefore, it's crucial to use leverage responsibly and implement appropriate risk management strategies.
Choosing a CFD broker
With numerous CFD brokers available in Singapore, selecting the right one can seem daunting. The best CFD broker for you will depend on your individual needs and preferences. Consider these key factors to make an informed decision:
Ah, I understand now! You want the advice to be more tailored to different trader profiles and their specific needs.
Here's the revised section with that personalized approach:
Choosing a CFD broker in Singapore
The best CFD broker for you will depend on your individual needs and trading style. Here's what to consider before choosing:
Regulatory compliance
- For the cautious beginner: Look for CFD brokers in Singapore licensed by the Monetary Authority of Singapore (MAS). This ensures your funds are protected and the broker adheres to strict local standards, providing a safe and reliable trading environment.
- For the international trader: If you plan to trade derivatives in multiple markets, consider brokers regulated in other major jurisdictions like the UK (FCA) or Australia (ASIC), in addition to MAS, for broader protection.
Fees and commissions
- Trading small amounts? Prioritise brokers with low minimum deposit requirements and no inactivity fees. Commission-free trading on certain assets can also be beneficial.
- Trading large amounts? Focus on tight spreads, especially if you're a frequent trader. Negotiate lower commission rates if possible. Consider brokers offering VIP accounts with preferential pricing for high-volume traders.
Asset coverage
- For the forex specialist: Choose a broker with a wide range of currency pairs, competitive spreads, and advanced charting tools specifically for forex trading.
- For the diversified trader: Opt for a broker offering CFDs on a variety of asset classes, including indices, commodities, shares, and cryptocurrencies, to expand your trading opportunities.
Trading platform and tools
- For the beginner: Prioritise a user-friendly platform with intuitive navigation, educational resources, and demo accounts to practice trading.
- For the experienced trader: Look for advanced charting tools, customisable indicators, automated trading options, and access to third-party platforms like MetaTrader 4 for greater flexibility.
Latest CFD Investment News
Need some help with CFD?
Explore the frequently asked questions about CFD trading and CFD brokers in Singapore.
Frequently asked questions
- High Leverage Risk: Leverage can magnify both profits and losses. Even small market movements can result in significant gains or losses, potentially exceeding your initial investment. It's essential to use leverage cautiously and implement appropriate risk management strategies.
- Market Volatility: CFD prices closely follow the underlying asset's price movements, which can be volatile. Rapid price fluctuations can lead to substantial losses, especially for leveraged positions. Always stay informed and closely monitor your trades.
- Counterparty Risk: When trading CFDs, you're essentially entering a contract with the broker. There's a risk that the broker may default on its obligations, particularly if it's not well-regulated or financially stable. Always choose a trusted and regulated CFD trading broker in Singapore that is licensed by the MAS.
CFD trading bears a higher risk compared to other investments because you have to utilise margin trading for the most part.CFDs are also speculative in nature. Furthermore, since you have not actually purchased the contract’s underlying assets, you need to determine what rights you have.
On the other hand, CFD trading gives you the opportunity to diversify your portfolio and hedge against any potential losses. You’re given access to markets across the globe and aren’t just limited to Singaporean or even Asian financial instruments.
When you purchase stocks, you have to take ownership of the stocks, be it in your custodian or CDP account. When you trade a CFD, you do not own the underlying shares. Rather, you speculate on the share price by buying a contract between you and the CFD provider.
When trading CFDs, you also enjoy the use of leverage whereby you do not have to fork out the full market value of the share to make the trade.
Like Forex, you’ll need to pay the spread when trading CFDs. This refers to the difference between the bid and ask price of a CFD; it can vary from one asset to another depending on their volatility. Most brokers also charge a holding fee should you keep a position open overnight due to changing interest rates.
While CFDs offer exciting opportunities, it's crucial to understand the associated risks:
You can verify a broker's MAS regulation by checking the Financial Institutions Directory on the MAS website. Look for the broker's name or license number to confirm their regulatory status. Most brokers will also display their MAS license information on their website.
CFD trading is fast-paced and can be applied to almost any financial instrument. Therefore, you might want to start by demo trading for several months to learn the ropes and get used to your preferred broker’s features and tools.
Take this time to determine which financial instruments you would like to trade CFDs in and see how you can weave this into your investment portfolio as a whole.