Intro and winners
Find below the strengths of the best CFD brokers available in Singapore, updated for 2024:
- Saxo is the best CFD broker in Singapore in 2024. - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
- FP Markets - Low forex fees. Easy and fast account opening and funding. Great education tools.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
- Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- City Index - Low fees for forex. Fast and smooth account opening. Diverse research tools.
- Pepperstone - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
Key features of the best CFD brokers in Singapore
While many online CFD brokers and CFD trading platforms offer an excellent service, the ones in our toplist go the extra mile.
| Broker | Minimum deposit | Time to open account |
|---|---|---|
| Saxo | $0 | 1 day |
| FP Markets | $50 | 1 day |
| Admirals (Admiral Markets) | $100 | 1 day |
| IC Markets | $200 | 1 day |
| Capital.com | $20 | 1 day |
| FxPro | $100 | 1 day |
| Oanda | $0 | 1-3 days |
| FXTRADING.com | $50 | 1 day |
| City Index | $0 | 1 day |
| Pepperstone | $0 | 1 day |
Popularity of the best CFD brokers in Singapore
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Trading fees at the best CFD brokers
How much you have to pay for a trade in spreads, commissions and other trading costs is a key broker selection criteria. We calculated a benchmark fee for stock CFDs, which you can see in the table below. This is the total of how much you have to pay in spreads, commissions and other costs for a trade in each asset class.
| Broker | S&P 500 CFD spread | Apple CFD fee |
|---|---|---|
| Saxo | 0.5 | $11.6 |
| FP Markets | 0.5 | $7.5 |
| Admirals (Admiral Markets) | 0.4 | $3.7 |
| IC Markets | 0.2 | $1.6 |
| Capital.com | 0.8 | $5.0 |
| FxPro | 1.0 | $5.1 |
| Oanda | 0.3 | $3.3 |
| FXTRADING.com | 0.3 | - |
| City Index | 0.4 | $23.2 |
| Pepperstone | 0.4 | $4.5 |
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
Non-trading fees at the top CFD brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Withdrawal fee | Inactivity fee |
|---|---|---|
| Saxo | $0 | |
| FP Markets | $0 | |
| Admirals (Admiral Markets) | $0 | |
| IC Markets | $0 | |
| Capital.com | $0 | |
| FxPro | $0 | |
| Oanda | $0 | |
| FXTRADING.com | $0 | |
| City Index | $0 | |
| Pepperstone | $0 |
Product selection at the top CFD brokers
Check out what types of CFDs you can trade at the best CFD brokers and CFD trading platforms.
| Broker | Stock index CFD | Stock CFD |
|---|---|---|
| Saxo | ||
| FP Markets | ||
| Admirals (Admiral Markets) | ||
| IC Markets | ||
| Capital.com | ||
| FxPro | ||
| Oanda | ||
| FXTRADING.com | ||
| City Index | ||
| Pepperstone |
Recommended for investors and traders looking for a great trading platform and solid research
Visit broker
62% of retail CFD accounts lose money
| Saxo snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 5.0 stars |
| Deposit methods | Bank transfer, Credit/debit cards |
| Withdrawal methods | Bank transfer |
| Read review | For a detailed analysis of Saxo services, check out our review for 2024 |
Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms
Visit broker
72.5% of retail CFD accounts lose money
| FP Markets snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Asia Banks, Sticpay, fasapay, Virtual Pay, Rupee Payments, Rapyd, Perfect Money, pagsmile, Cryptocurrency Solution, Crypto (finrax), mybux, ypay, Apple Pay, Google Pay, B2Binpay |
| Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Asia Banks, Sticpay, fasapay, Virtual Pay, Rupee Payments, Rapyd, Perfect Money, pagsmile, Cryptocurrency Solution, Crypto (finrax), mybux, ypay, Apple Pay, Google Pay, B2Binpay |
| Read review | For a detailed analysis of FP Markets services, check out our review for 2024 |
Recommended for forex traders who are familiar with the MetaTrader trading platforms
Visit broker
74% of retail CFD accounts lose money
| Admirals (Admiral Markets) snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong, Perfect Money |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong, Perfect Money |
| Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2024 |
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options
Visit broker
70.64% of retail CFD accounts lose money
| IC Markets snapshot | |
|---|---|
| Minimum deposit | $200 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
| Read review | For a detailed analysis of IC Markets services, check out our review for 2024 |
Recommended for investors and CFD traders looking for a great trading platform and excellent customer service
Visit broker
83.51% of retail CFD accounts lose money
| Capital.com snapshot | |
|---|---|
| Minimum deposit | $20 |
| Mobile app score | 4.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly |
| Withdrawal methods | Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly |
| Read review | For a detailed analysis of Capital.com services, check out our review for 2024 |
Recommended for forex and CFD traders looking for a broker with great account opening and who are familiar with the MetaTrader platform
Visit broker
74% of retail CFD accounts lose money
| FxPro snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Read review | For a detailed analysis of FxPro services, check out our review for 2024 |
Recommended for forex traders who value a user-friendly platform and great research tools
Visit broker
75% of retail CFD accounts lose money
| Oanda snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 4.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Read review | For a detailed analysis of Oanda services, check out our review for 2024 |
Recommended for forex traders who prefer the MetaTrader platform
Visit broker
74-89% of retail CFD accounts lose money
| FXTRADING.com snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, USDT |
| Withdrawal methods | Bank transfer, PayPal, Neteller, UnionPay, USDT |
| Read review | For a detailed analysis of FXTRADING.com services, check out our review for 2024 |
Recommended for forex and CFD traders looking for low forex fees and great research tools
Visit broker
69% of retail CFD accounts lose money
| City Index snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 4.5 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal |
| Read review | For a detailed analysis of City Index services, check out our review for 2024 |
Recommended for forex traders looking for great account opening and customer service
Visit broker
75.1% of retail CFD accounts lose money
| Pepperstone snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
| Withdrawal methods | Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
| Read review | For a detailed analysis of Pepperstone services, check out our review for 2024 |
Didn't find the best broker for you?
Answer a few questions and get a personalized broker list!
Get a personalized broker recommendation
How did BrokerChooser select the best CFD brokers?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- Specifically compared CFD fees,
- Looked at the range of CFDs available,
- Opened an account and tested the platform (charting, features, usability) with real money.
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 600 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 60,000 data points overall.
FAQ
What is CFD trading?
CFDs, short for Contracts for Difference, are derivative products used to speculate on the price movements of a wide range of underlying assets. A CFD is a contract between two parties under which the seller pays the buyer the difference between the current value of an asset and its value at the time the contract is due.
When trading CFDs, you speculate on whether the price of a financial asset (i.e. stock, bond, commodity, etc.) will go up or down, without actually buying the asset itself. Instead of buying a Vodafone stock, at a CFD broker you will bet on the direction you think the Vodafone stock will go. If your bet is right, you will make profit on your CFD trade.
CFDs are leveraged products meaning that you trade with your own money and the money you borrow from your broker. This makes CFD trading extremely risky and not suitable for beginners. A very high percentage of retail traders lose money when trading CFDs.
CFD trading is illegal in the U.S. However, if you open an account at a European broker, you will be able to trade CFDs on U.S. assets.
To better understand CFDs and the risk involved, read this article on CFD trading tips compiled by our team of experts.
And now, let's see the top CFD brokers in detail one by one, starting with the winner, Saxo.
Can CFD trading be profitable In Singapore?
Yes, CFD trading can be profitable in Singapore and investors may make handsome profits when trading these products. Nevertheless, CFDs are very risky instruments, especially because they are leveraged products. Leverage refers to the loan extended by the broker, which allows you to invest a much larger amount of money. Close to three quarter of retail trading accounts lose money when trading CFDs. CFDs are by no means a guarantee for getting rich overnight.
Are CFDs good for beginners in Singapore?
CFDs are not complicated financial instruments, so in this sense they are good for beginners in Singapore. At the same time, CFDs are also very risky because they are leveraged products. Leverage in this case means that you trade with your own money and the funds your broker lends you. While you can open much larger positions this way, potentially locking in heftier profits, you also stand to lose a lot. CFDs are widely used by experienced traders with a deep undertsanding of financial markets and investment strategies. If you are an absolute beginner, it makes sense to open very small positions and doing a lot of research. Data shows that around three quarters of retail trading accounts lose money when trading CFDs.
Which broker is best for CFD trading in Singapore?
These are the top CFD brokers in Singapore in 2024:
- Saxo - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
- FP Markets - Low forex fees. Easy and fast account opening and funding. Great education tools.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
- Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- City Index - Low fees for forex. Fast and smooth account opening. Diverse research tools.
- Pepperstone - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
Want to understand CFD trading in more detail?
Check out these articles written by our broker and trading experts:
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
