Which broker is best for crypto CFDs?
Verdict
- Pepperstone is the broker we would use for crypto CFDs from Singapore: no commission on crypto CFDs, published Razor averages of 15.15 on BTC/USD and 2.01 on ETH/USD, and the widest coin list in our data.
- Its Bahamas entity allows retail clients up to 1:20 on BTC/USD, ten times the 1:2 Pepperstone may offer under its Australian and EU licences; UK retail clients cannot trade crypto CFDs at all.
- The catch: no MAS licence and no named compensation scheme for Singapore clients.
- XS accepts Singapore residents and offers crypto pairs on MetaTrader, but publishes no crypto pricing in our data; Capital.com does not accept Singapore residents.
The best crypto CFD broker is the one that publishes its prices, lists the coins you trade, sets leverage you can live with, and tells you plainly which company holds your money. Scored on those four points, here is how the brokers that accept Singapore residents compare.
Why Pepperstone comes first for crypto CFDs
Pepperstone is the only broker in our Singapore set that publishes crypto spreads. On its Australian pricing page, BTC/USD averages 15.15 on Razor and 20.15 on Standard, and ETH/USD 2.01 and 2.51, with no commission on crypto CFDs. The Bahamas entity that holds Singapore accounts lists 44 coins against the dollar, plus BTC and ETH crosses, on its September 2026 retail margin table. Funding is flexible, including crypto deposits from $18, and Razor runs on MT4, MT5, cTrader, TradingView and Pepperstone's own app.
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Scorecard: crypto CFD brokers that accept Singapore residents
| Test | Pepperstone | XS |
|---|---|---|
| Published BTC/USD cost | Razor avg 15.15, Standard avg 20.15, no commission (AU page) | Not in our data |
| Coin range | 44 USD pairs plus BTC/ETH crosses (Bahamas retail table) | Crypto pairs offered; count not in our data |
| Retail BTC leverage | Up to 1:20 | Up to 1:2000 dynamic; entity not named |
| Platforms | MT4, MT5, cTrader, TradingView, own app | MT4, MT5, XS Trading App |
| Licence covering Singapore clients | SCB Bahamas, SIA-F217; no MAS | Not named; no MAS licence listed |
| Minimum deposit | $10 | $0 (Elite account $500) |
Where Pepperstone falls short
- No MAS licence: if your own rules, or your bank's, require a Singapore-regulated provider, Pepperstone is out.
- The crypto spreads we cite come from Pepperstone's Australian page; confirm the live spread on the Bahamas entity's platform.
- Overnight financing rates on crypto positions are not in the pages we verified.
- Pro crypto leverage figures differ between Pepperstone's own pages, so get the number in writing before applying for Pro status.
Why leverage depends on where you live
Pepperstone's Bahamas entity lets retail clients use up to 1:20 on BTC/USD, and its UAE site lists the same for BTC and ETH. Under its ASIC, BaFin and CySEC licences retail crypto is capped at 1:2. In the UK the FCA banned the sale of crypto derivatives to retail consumers from 6 January 2021, and Pepperstone's UK site shows crypto only to Pro clients. Higher leverage is a reason for caution as much as an attraction.
If you want a MAS-licensed provider
eToro Singapore (CMS101824), Plus500SG (CMS100648), IG Asia, CMC Markets Singapore, OANDA, Saxo and StoneX's FOREX.com each name a MAS-licensed Singapore company. We have not verified their crypto CFD ranges or prices for Singapore clients, so score them on the same four tests using their own sites.
Sources
Pricing, product and regulator pages.
Does Pepperstone charge commission on crypto CFDs?
Not according to its Australian spreads page: the cost sits in the spread. Check the live figures on the Bahamas entity's platform.
Can UK residents trade crypto CFDs with Pepperstone?
Not as retail clients. The FCA banned crypto derivatives for retail consumers from 6 January 2021.
Is XS regulated in Singapore?
Its regulation page lists no MAS licence, and it does not say which of its entities serves Singapore clients.
Crypto CFDs are complex, leveraged and exposed to sharp price swings; you can lose money rapidly. Only trade with money you can afford to lose. This page is not investment advice, and broker terms change, so check them before opening an account.