Which CFD broker is best for day trading in Singapore?
Verdict
- Pepperstone is our pick for day trading CFDs from Singapore: Razor averages 0.1 pips on EUR/USD, cTrader commission is $3.00 per side, and it publishes execution from 50 ms with a 99.32% fill rate.
- More than 100 of its US share CFDs trade 24 hours a day, five days a week, which suits traders in Singapore's time zone.
- XS is our second choice: its Elite account matches Pepperstone's cTrader cost on EUR/USD but needs $500 and offers MetaTrader and its own app only.
- Pepperstone has no MAS licence and serves Singapore from the Bahamas (SCB SIA-F217); if you want a MAS-licensed day-trading broker, look at IG or CMC Markets.
Day traders open and close within the session, so they pay the spread and commission many times and rarely pay swap. That makes three things decisive: cost per round turn, execution, and access to markets during Singapore hours.
Why Pepperstone suits a Singapore day trader
Cost first: six round turns of one EUR/USD lot a day on Razor via cTrader is about $42, or $48 on MT5. Execution next: Pepperstone's "no dealer intervention" statement and published fill data. Then hours: the HK50 tracks a market in your own time zone, and the "-24" US share CFDs let you act on US company news without waiting for the New York open.
Affiliate link — we may earn a commission at no extra cost to you.
Day-trading terms side by side
| Pepperstone | XS | IG | |
|---|---|---|---|
| EUR/USD | Razor 0.1 avg + $6–7 round turn | Elite 0.1 avg + $6 round turn | From 0.6 points, no commission (UK page) |
| Execution data | From 50 ms, 99.32% fill rate | Not published in our data | Not published in our data |
| Platforms | Own app, MT4, MT5, cTrader, TradingView | MT4, MT5, XS app | Own app, MT4, MT5, ProRealTime, L2 Dealer, TradingView |
| Minimum | $10 | $500 (Elite) | $450 (international table) |
| MAS licence | No | No | Yes |
| Guaranteed stop | Not published | Not verified | Yes on the UK site |
Index costs for intraday traders
Pepperstone charges no commission on index CFDs; you pay the spread. Its Australian index-fee page lists average spreads on Razor of 5 points on the HK50, 0.4 on the US500, 1 on the NAS100 and 1 on the GER40, with Standard slightly wider on the last three. Those are the markets most Singapore day traders watch across the Asian, European and US sessions.
Day-trading habits that protect your account
- Fix a daily loss limit and stop when you hit it.
- Keep leverage well under the 1:200 retail maximum; one lot of EUR/USD at full leverage leaves little room on a small balance.
- Avoid holding through major data releases unless that is your plan; stops are not guaranteed at Pepperstone.
- Review your cost per trade monthly; at ten trades a day, the gap between $7 and $11 a lot adds up.
Sources
Is day trading CFDs legal in Singapore?
We do not give legal advice. MAS-licensed brokers such as IG and CMC Markets offer CFDs in Singapore; Pepperstone serves Singapore residents from the Bahamas.
Which Pepperstone platform is best for day trading?
cTrader for the lowest FX commission ($3.00 per side) and cTrader Automate; TradingView if you trade from its charts.
Can I trade US shares during Singapore hours?
Yes, as CFDs: Pepperstone offers more than 100 US share CFDs that trade 24/5.
Margin trading in CFDs is risky: a small price move against you can cost far more than you expect. Check that you understand leverage and can absorb losses. This is general information, not financial advice.