Best CFD Brokers in Singapore 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top CFD brokers based on our analysis:
- 1
AvaTrade - Best CFD trading broker in Singapore - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
- 3
Pepperstone - Wide selection of trading platforms. Tight spreads and favourable trading conditions. Numerous regulatory licenses. - 4
Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. Rich selection of educational materials and analytics. - 5
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 6
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 7
CMC Markets SG - Low trading fees. Wide range of markets and products. Access to the popular MetaTrader 4 and CMC Markets platforms. - 8
- 9
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 10
Choosing the right CFD (Contract for Difference) broker can make all the difference between struggling with high spreads and hidden fees versus enjoying a seamless trading journey. Below, we’ll explore the top 10 CFD brokers in Singapore, and discuss key factors in selecting the right one.
Comparison of Top 10 CFD Brokers in Singapore
Below is a brief overview of the best CFD Brokers in Singapore. Use this table for a quick comparison of their core features:
Spreads and minimum deposits are subject to change. Always verify the latest information on the broker’s official website before making any decisions.
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. IC Markets
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
3. Pepperstone
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
4. Libertex
Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- Rich selection of educational materials and analytics.
Cons
- High swaps and inactivity fee.
5. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
6. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
7. CMC Markets
CMC Markets SG has been a reliable CFD and Forex broker in the business for a long time. Top-tier financial authorities regulate the company, offers an excellent trading platform, and has low commission fees.
We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you seek a trustworthy and reputable broker with extensive experience.
Pros and Cons of CMC Markets SG
Pros
- Low trading fees.
- Wide range of markets and products.
- Access to the popular MetaTrader 4 and CMC Markets platforms.
- Extensive analytical materials.
- Comprehensive educational materials.
Cons
- Limited account options.
- Inactivity fee.
- No online chat.
8. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
9. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
10. OANDA
Oanda is an excellent choice for Singaporean traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of Oanda SG
Pros
- Tight spreads.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
What is CFD?
A CFD (Contract for Difference) is a financial derivative that enables traders to speculate on price movements of various financial instruments (e.g., stocks, indices, commodities, currencies) without owning the underlying asset. Instead, you’re trading on the price difference between the time you open and close a contract.
How CFDs Differ from Other Financial Instruments
- Ownership: Unlike stocks, you do not own the underlying asset in CFD trading.
- Leverage: CFDs often allow higher leverage than traditional share trading.
- Short Selling: CFDs enable going short on an asset just as easily as going long.
Pros and Cons of CFD Trading
Advantages
- High Leverage – Potentially magnifies gains (but also magnifies losses).
- Flexible Market Access – Trade both rising and falling markets.
- Wide Range of Assets – From forex pairs to global stocks and commodities.
- No Stamp Duty – In some jurisdictions, you avoid certain taxes applicable to direct asset ownership.
Disadvantages
- High Risk – Leverage can lead to substantial losses if the market moves against you.
- Overnight Costs – Swap fees for holding positions open can accumulate quickly.
- Complexity – Beginners may find CFD trading more complex than traditional stock investing.
- Regulatory Restrictions – Some regions impose strict leverage and marketing regulations.
Key Factors to Consider When Choosing a CFD Broker
Regulation and Security
Look for brokers regulated by top-tier authorities like the FCA (UK), ASIC (Australia), MAS (Singapore), and CySEC (Cyprus). This ensures transparency, client fund protection, and adherence to strict guidelines.
Trading Fees and Costs
Fees can include spreads, commissions, and swap rates. Keep an eye out for hidden fees or inactivity charges. Always compare broker fee schedules to find the best deal.
Trading Platforms
User-friendly and stable platforms are crucial. MT4 and MT5 remain the industry standards, but many brokers also offer cTrader, proprietary platforms, or specialized tools for algorithmic trading.
Asset Availability
Choose a broker that offers a diverse range of CFDs, including forex, stocks, indices, commodities, and cryptocurrencies. More variety can lead to greater opportunities for portfolio diversification.
Customer Service
Responsive, multilingual customer support can help resolve issues quickly. Check availability (24/5 or 24/7) and the channels offered (live chat, phone, email).
Educational Resources
Especially for beginner traders, look for brokers that provide webinars, tutorials, and demo accounts to help you build confidence before risking real capital.
How Was the List of the Best CFD Brokers in Singapore Compiled?
In creating this list of CFD brokers for Singaporean traders, we followed a carefully structured set of criteria to ensure only the most dependable and top-performing brokers made the cut. Below is an overview of our selection process:
Initial Shortlist from Forex Excellence We began by referring to our comprehensive database of all Forex brokers, ensuring that any broker with a strong reputation in Forex trading was also evaluated for its CFD offerings.
Stringent Testing and Evaluation Each broker underwent our rigorous testing standards, focused on quality, reliability, and performance. This methodology ensures that only brokers meeting high operational benchmarks appear on our final list.
Tailored Services for Singaporean Traders All selected brokers provide terms and conditions accessible and beneficial to a diverse range of traders in Singapore. This includes local payment methods, region-specific customer support, and compliance with relevant regulations.
Dedicated CFD Trading Features We prioritized brokers offering features specifically geared toward CFD trading—such as a wide variety of tradable instruments, competitive spreads, and robust platforms—catering to both beginners and seasoned traders.
Fund Security and Strict Regulation Protecting client funds is paramount. The featured brokers maintain segregated client accounts and operate under respected regulatory bodies like MAS, CySEC, FCA, or ASIC. This adds an extra layer of safety for Singaporean investors.
By applying these thorough criteria, we have compiled a list of CFD brokers that not only uphold rigorous operational standards but also cater to the unique needs of traders in Singapore. As a result, investors can engage in CFD trading with confidence, knowing they are partnering with trustworthy and well-regulated brokers.
FAQ
Is CFD trading legal in Singapore?
Yes, CFD trading is legal in Singapore. The Monetary Authority of Singapore (MAS) is the main regulatory body overseeing forex and CFD brokers. Always ensure you trade with a broker that complies with MAS regulations or those from equally reputable jurisdictions.
What is the minimum deposit required to start trading CFDs?
Minimum deposit requirements vary by broker, ranging from 1 USD (Admirals, Pepperstone) to 200 USD (IC Markets). Check your broker’s official website for up-to-date information.
Can beginners successfully trade CFDs?
Yes, but caution is advised. CFDs are leveraged products, which can amplify both profits and losses. Beginners should start with a demo account and invest time in learning the fundamentals before trading real funds.
What are the risks associated with CFD trading?
- Market Volatility – Rapid price changes can result in significant losses.
- Leverage – Amplifies potential losses alongside potential gains.
- Counterparty Risks – Always choose regulated brokers to minimize counterparty default risk.
How do I choose the right trading platform for CFDs?
Consider:
- Ease of Use – Suitable for your trading style and technical skills.
- Features – Charting tools, automated trading capabilities, risk management features.
- Stability – Minimal downtime and consistent execution speeds.
Can I trade CFDs on my mobile device?
Absolutely. Many brokers offer mobile apps (e.g., MT4/MT5 mobile, cTrader mobile) and proprietary platforms optimized for iOS and Android. This allows for trading and monitoring on the go.
What types of assets can I trade with CFDs?
You can trade a wide range, including forex pairs, indices, stocks, commodities, metals, energies, and cryptocurrencies like Bitcoin.
How do CFD brokers make money?
CFD brokers profit primarily through:
- Spreads – The difference between bid and ask prices.
- Commissions – Per-trade fees on certain account types.
- Overnight Financing – Swap or rollover fees for positions held open beyond one trading day.
Are demo accounts available for practicing CFD trading?
Yes. Most reputable brokers (e.g., IC Markets, Pepperstone, AvaTrade) offer free demo accounts with virtual funds, allowing you to practice trading strategies in real-market conditions without risking real capital.
Disclaimer: CFD trading involves significant risk. Always ensure you understand the risks before diving in. Past performance does not guarantee future results.
