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Best CFD Investment Accounts in Singapore

Upping your investment game with CFDs (Contract For Difference)? Discover the top regulated CFD trading brokers in Singapore on SingSaver, from their pros & cons to the fees involved.

📊 All Accounts 🇸🇬 SGX Stocks 🇺🇸 US Stocks 📉 CFD 💱 Forex 🤖 Robo Advisors

The 6 Best CFD Investment Accounts in Singapore (Full List Below)

Provider ① Apply
via SingSaver		 ② Submit
Claim Form		 Highest Reward Best Known For Min.
Comm. Fee 		 Min.
Trade Fee		 Min.
Deposit
SAXO_Logo_2[1] Apply Now 📝 Submit 🎫 S$370 Shopee Voucher Low costs and no hidden fees US$1* SG$3* S$2,000
moomoo-1 Apply Now 📝 Submit 🎧 Apple AirPods Gen 4 w/ANC
(worth S$249)		 Trading over 6,000 instruments on FX, indices, CFD S$0* 0%* S$1,000
IG_logo[1] Apply Now 📝 Submit 💵 Up to $2,088 Cash Trusted CFD trading & global markets S$10* 0.1%* S$1,000
Plus500 Apply Now -
 Up to S$13,000 Cash Commission-free CFD trading S$0 0%* S$500
cmc-markets_ink[3] Apply Now 📝 Submit 🎫 S$40 Shopee Voucher Competitive spreads & CFD trading S$ 10* 0%* S$0
2025_uSMART_black_dolphin Apply Now 📝 Submit 🖲 Xiaomi Robot Vacuum E5
(worth S$199)		 Competitive commission rates to US, HK, SG stock S$ 0* 0.02%* S$1,000

⚠️ Don’t forget to submit the 📝 claim form after applying — link’s in the table above.

Saxo Markets

Saxo Markets

Min. Deposit
S$ 0
info
Min. Trading Fee
0.03  %
info
Min. Commission Fee (SG Stocks)
S$ 3
info

4 Offers Available

SingSaver Flash Deal
S$20 Shopee Voucher
S$20 Shopee Voucher

Valid until

01 June 2025

SingSaver Exclusive Offer (Fund min. S$3,000 + 3x Trades)
S$350 Cash via PayNow
S$350 Cash via PayNow

Valid until

30 June 2025

SingSaver Exclusive Offer (Fund min. S$3,000 + 3x Trades)
S$370 Shopee voucher
S$370 Shopee voucher

Valid until

30 June 2025

SingSaver Exclusive Offer (Fund min. S$2,000 + 1x Trade)
S$200 Cash via PayNow
S$200 Cash via PayNow

Valid until

30 June 2025

SingSaver Exclusive Offer (Fund min. S$2,000 + 1x Trade)
S$220 Shopee voucher
S$220 Shopee voucher

Valid until

30 June 2025

Stackable Welcome Offer
Free Upgrade to Platinum tier account & save over 25%
Free Upgrade to Platinum tier account & save over 25%

Valid until

30 June 2025

Things to consider for this product:

check

Popular

FOREX.com

FOREX.com

Min. Deposit
S$ 150
Min. Trading Fee
S$ 0
Min. Commission Fee (SG Stocks)
S$ 10

3 Offers Available

SingSaver Flash Deal
S$20 Shopee Voucher
S$20 Shopee Voucher

Valid until

01 June 2025

SingSaver Exclusive Offer (Fund S$500 + make 1x trade)
S$220 Cash via PayNow
S$220 Cash via PayNow

Valid until

30 June 2025

SingSaver Exclusive Offer (Fund S$500 + make 1x trade)
Apple AirPods 4th Gen with Active Noise Cancelling (worth S$249)
Apple AirPods 4th Gen with Active Noise Cancelling (worth S$249)

Valid until

30 June 2025

SingSaver Exclusive Offer (Fund S$500 + make 1x trade)
S$240 Shopee voucher
S$240 Shopee voucher

Valid until

30 June 2025

Welcome Offer
Up to S$2,000 cashback
Up to S$2,000 cashback

Valid until

31 December 2025

IG

IG

Min. Deposit
S$ 0
info
Min. Trading Fee
0.1  %
info
Min. Commission Fee (SG Stocks)
S$ 10
info

3 Offers Available

SingSaver Flash Deal
S$20 Shopee Voucher
S$20 Shopee Voucher

Valid until

01 June 2025

SingSaver Exclusive Offer (Fund S$1,000 + Make 1x trade)
S$200 Cash via PayNow
S$200 Cash via PayNow

Valid until

02 June 2025

SingSaver Exclusive Offer (Fund S$1,000 + Make 1x trade)
S$220 Shopee voucher
S$220 Shopee voucher

Valid until

02 June 2025

SingSaver Exclusive Offer (Fund S$1,000 + Make 1x trade)
Apple AirPods 4th Gen with Active Noise Cancelling (worth S$249)
Apple AirPods 4th Gen with Active Noise Cancelling (worth S$249)

Valid until

02 June 2025

Welcome Offer
Up to S$2,088 Welcome Bonus
Up to S$2,088 Welcome Bonus

Valid until

31 May 2025

CMC Markets

CMC Markets

Min. Deposit
S$ 0
info
Min. Trading Fee
0  %
info
Min. Commission Fee (SG Stocks)
S$ 10
info

2 Offers Available

SingSaver Flash Deal
S$20 Shopee Voucher
S$20 Shopee Voucher

Valid until

01 June 2025

SingSaver Exclusive Offer
S$20 Cash via PayNow
(Open CMC Markets account) S$20 Cash via PayNow

Valid until

01 June 2025

SingSaver Exclusive Offer
S$40 Shopee Voucher
(Open CMC Markets account) S$40 Shopee Voucher

Valid until

01 June 2025

uSMART SG

uSMART SG

Min. Deposit
S$ 0
info
Min. Trading Fee
0  %
info
Min. Commission Fee (SG Stocks)
0.02  %
info

2 Offers Available

SingSaver Flash Deal
S$20 Shopee Voucher
S$20 Shopee Voucher

Valid until

01 June 2025

SingSaver Exclusive Offer
S$100 Cash via PayNow
S$100 Cash via PayNow

Valid until

01 June 2025

SingSaver Exclusive Offer
S$120 Shopee Vouchers
S$120 Shopee Vouchers

Valid until

01 June 2025

SingSaver Exclusive Offer
Xiaomi Robot Vacuum E5 (worth S$199)
Xiaomi Robot Vacuum E5 (worth S$199)

Valid until

01 June 2025

Plus500

Plus500

Min. Commission Fee
S$ 0
info
Min. Spread (USD EUR)
0.8
Min. Trading Fee
0  %

3 Offers Available

SingSaver Exclusive Welcome Offer (use promo code SingSaver688)
S$688 First Time Deposit Bonus
S$688 First Time Deposit Bonus

Valid until

30 June 2025

SingSaver Exclusive Welcome Offer (use promo code SingSaver500)
S$288 First Time Deposit Bonus
S$288 First Time Deposit Bonus

Valid until

30 June 2025

Welcome Offer
Up to S$13,000 First Deposit Bonus
Up to S$13,000 First Deposit Bonus

Valid until

30 June 2025

OANDA

OANDA

Min. Deposit
S$ 0
info
Min. Trading Fee
0  %
info
Min. Commission Fee
S$ 50
info
ProsperUs by CGS-CIMB

ProsperUs by CGS-CIMB

Min. Commission Fee (US Stocks)
US$ 5
Min. Deposit
S$ 0

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

City Index

ASIC, MAS, FCA

S$8

S$150

1 day

City Index 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

Read the latest news about CFD Investment products in Singapore and the best money saving tips.

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Need some help with CFD?

Explore the frequently asked questions about CFD trading and CFD brokers in Singapore.

Is CFD trading legal in Singapore?

expand_more

Yes, CFD trading is legal in Singapore. All CFD trading brokers must be regulated by the Monetary Authority of Singapore (MAS) to ensure they adhere to strict financial guidelines and safeguard your interests.

is CFD trading safe?

expand_more

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.

What is the difference between stocks and contract for difference (CFD)?

expand_more

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.

What are the costs of CFD trading?

expand_more

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.

What are the risks of trading CFD?

expand_more

While CFDs offer exciting opportunities, it's crucial to understand the associated risks:

  • 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.

How do I know if a broker is regulated by MAS?

expand_more

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.

What other considerations do you need to keep in mind?

expand_more

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.

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