Which CFD brokers accept Singapore residents?
Verdict
- Pepperstone is our first pick among CFD brokers that accept Singapore residents, for its published costs (Razor EUR/USD 0.1 pips average plus commission), $10 minimum and five platforms.
- Pepperstone takes Singapore clients through Pepperstone Markets Limited, licensed in the Bahamas (SCB SIA-F217); it holds no MAS licence.
- XS is our second choice and also lists no MAS licence; Capital.com does not list Singapore among the countries it accepts.
- If you want a MAS-licensed CFD provider, IG, CMC Markets, OANDA, Saxo, Plus500, FOREX.com (StoneX) and Phillip Securities all list one.
Two groups of brokers take Singapore residents: firms with a MAS licence and a Singapore company, and international firms serving you from abroad. Our top pick is in the second group, so we show both.
Our pick: Pepperstone
Pepperstone publishes average spreads rather than only minimums, offers SGD as a base currency, and runs on MT4, MT5, cTrader, TradingView and its own app. The trade-off is offshore regulation: no compensation scheme is named for the Bahamas entity, though its terms say retail clients are not liable for negative equity.
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CFD brokers that take Singapore residents
| Broker | Company / regulator for Singapore | MAS licence |
|---|---|---|
| Pepperstone | Pepperstone Markets Limited, SCB Bahamas SIA-F217 | No |
| XS | Not stated; lists ASIC, CySEC, FSCA, FSA Seychelles, LFSA, FSC Mauritius | No |
| IG | IG Asia Pte Ltd | Yes |
| CMC Markets | CMC Markets Singapore | Yes |
| OANDA | Co. Reg. 200704926K | Yes |
| Saxo | Saxo Capital Markets Pte. Ltd. | Yes |
| Plus500 | Plus500SG Pte Ltd, CMS100648 | Yes |
| FOREX.com | StoneX Financial Pte. Ltd. | Yes |
| Phillip Securities (POEMS) | Phillip Securities Pte Ltd | Yes |
Why XS is second
XS accepts Singapore residents and publishes a competitive Elite account: 0.1 pips average on EUR/USD, $6 round-turn commission, $500 minimum, on MT4, MT5 and the XS app. Its licences come from Australia, Cyprus, South Africa, Seychelles, Labuan and Mauritius, and it does not say which company serves Singapore clients. Ask before you fund.
Brokers that don't fit
- Capital.com: Singapore is not on the list of countries it accepts in our data.
- Tiger Brokers: MAS-licensed, but its Singapore site lists no CFDs or spot forex.
- eToro: holds a MAS licence (CMS101824) and accepts Singapore residents, but we have not verified which CFDs it offers there.
How to choose between the two groups
- If MAS supervision is non-negotiable, shortlist from the MAS-licensed firms and check each in the MAS directory.
- If cost and platform choice come first, compare Pepperstone's published averages with what others publish; most quote minimums.
- Either way, read the risk warning: Pepperstone discloses that 80% of retail accounts lose money with its international entity.
Sources
Does Pepperstone accept Singapore residents?
Yes, through Pepperstone Markets Limited in the Bahamas. It has no MAS licence.
Which CFD brokers are licensed by MAS?
IG, CMC Markets, OANDA, Saxo, Plus500, FOREX.com and Phillip Securities list MAS licences for their Singapore companies.
Can I use Capital.com in Singapore?
Capital.com does not list Singapore among the countries it accepts in our data.
Leveraged CFDs can lose you money fast, and you should not trade with money you cannot afford to lose. This article reports broker-published terms and is not a recommendation to buy or sell any instrument.