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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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Stockbrokers2026

Brokers by Country · SG

Stock Brokers in Singapore, 2026

Tracked byUpdated

Singapore is a tightly regulated retail FX hub. CMS-licensed brokers — IG Asia, Saxo Markets, OANDA Asia Pacific, City Index, CMC Markets and Phillip Futures — dominate onshore flow. The MAS Investor Alert List names dozens of offshore platforms that solicit Singapore residents without authorisation; banks regularly block transfers to flagged entities.

3 / 4 brokers accept Singapore

stock

  1. Editorial top pick

    01XM Group

    ASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  2. 02Libertex

    SVG FSA
    Open account at Libertex →
    Avg spread
    0.50pip
    midpoint of broker range
    Cost / lot
    $5.00
    no commission
    Min deposit
    $10
    Max leverage
    1:999
    Libertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.

    $10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight

    Fits ifYou have $10 to start — one of the lowest entry minimums in our list
    PlatformsMetaTrader 4, MetaTrader 5, Libertex Platform

    Founded in 1997 · Verified Jun 1, 2026

    Full Libertex details →

  3. 03RoboForex

    IFSC
    Open account at RoboForex →
    Avg spread
    0.20pip
    broker-published typical
    Cost / lot
    $6.00
    incl. $4 commission
    Min deposit
    $10
    Max leverage
    1:500
    IFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000

    ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection

    Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimum
    PlatformsMetaTrader 4, MetaTrader 5, R Stocks Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full RoboForex details →

Country context

Regulator
MAS · Monetary Authority of Singapore — Capital Markets Services (CMS) licence required for OTC leveraged FX
Currency
SGD
Payment methods
PayNowBank transferVisaMastercard
Tax

Singapore does not tax capital gains. Forex and CFD profits earned by individuals are not taxable unless trading is conducted as a business or principal occupation, in which case profits are subject to personal income tax (up to 24% for residents). The IRAS uses the same badges-of-trade tests as the UK to determine treatment.

Retail trading rules

For retail clients, MAS caps leverage at 1:20 on majors and 1:10 on minors and gold; accredited investors may opt out. Brokers must segregate client funds in MAS-approved trust accounts and provide a Customer Knowledge Assessment before account opening. Negative balance protection is mandatory for retail.

Frequently asked

Which brokers accept residents of Singapore?+

3 of 4 brokers in our ranking accept Singapore: XM Group, Libertex, RoboForex.

Who regulates brokers for Singapore?+

Primary regulator: MAS — Monetary Authority of Singapore — Capital Markets Services (CMS) licence required for OTC leveraged FX.

What payment methods are available?+

Common methods: PayNow, Bank transfer, Visa, Mastercard.

What are the tax rules for trading in Singapore?+

Singapore does not tax capital gains. Forex and CFD profits earned by individuals are not taxable unless trading is conducted as a business or principal occupation, in which case profits are subject to personal income tax (up to 24% for residents). The IRAS uses the same badges-of-trade tests as the UK to determine treatment.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.