Which brokers offer corporate trading accounts in Singapore?
Verdict
- We could not verify corporate-account terms for any broker serving Singapore, Pepperstone included, so ask before you apply. If your company is accepted, Pepperstone is our pick: SGD base currency, published costs and a $10 minimum.
- A Pepperstone corporate account would sit with Pepperstone Markets Limited in the Bahamas (SCB SIA-F217), which holds no MAS licence.
- For a company that wants a Singapore-regulated counterparty, IG, CMC Markets, OANDA, Saxo, Plus500 and StoneX (FOREX.com) name MAS-licensed Singapore companies; their corporate terms are not in our data either.
- Expect more paperwork than a personal account: incorporation documents, director and shareholder details, and proof of who ultimately owns the company.
Trading through a company changes who the client is, which changes the checks, the documents and sometimes the protections. None of the broker pages in our verified data sets out corporate-account terms for Singapore, so this page is an honest guide to what to ask, rather than a list we cannot back up.
Pepperstone for a company: what we know and what to ask
What is published applies to all Pepperstone international clients: ten base currencies including SGD and USD, Razor EUR/USD at a 0.1-pip average plus USD 3.50 per side, MT4, MT5, cTrader, TradingView and Pepperstone's app, and no inactivity fee. What is not in the terms we verified is whether a Singapore company can open an account and on what conditions. Ask Pepperstone directly, in writing, before you prepare documents.
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Questions a company should put to any broker
- Do you accept companies incorporated in Singapore, and which of your companies would hold the account?
- Is a corporate client treated as retail or professional, and does negative-balance protection still apply?
- Which documents do you need for directors, shareholders and beneficial owners?
- Can several authorised traders use one account, and how are their permissions set?
- Will withdrawals go only to a bank account in the company's name?
Offshore or MAS-licensed for a company?
| Factor | Pepperstone (offshore) | MAS-licensed brokers |
|---|---|---|
| Counterparty regulator | Securities Commission of The Bahamas | MAS |
| Published retail leverage on FX | 1:200 | Not verified in our data |
| Negative-balance protection | Retail clients, per its terms; corporate status not verified | Not verified in our data |
| Corporate terms published | Not in our data | Not in our data |
Professional status for a company
Pepperstone's international entity lets clients self-certify as professional against two of three tests, one of which is cash plus a portfolio above USD 500,000. Whether a company can use that route is not stated. Professional status raises leverage to 1:500 on FX, gold and major indices but replaces automatic balance protection with a discretionary one-time cover of up to USD 100,000. XS also accepts Singapore residents, and Capital.com does not according to our broker data; neither publishes corporate terms that we hold.
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Sources
Published terms and registers we relied on.
Does Pepperstone offer corporate accounts?
Not in the terms we verified. Ask Pepperstone directly whether a Singapore company can open an account.
Can a company account be held in SGD?
SGD is a base currency on Pepperstone's international site; whether that applies to corporate accounts is for Pepperstone to confirm.
Is trading through a company better for tax?
That depends on your circumstances; speak to a Singapore tax adviser before choosing.
CFDs are leveraged and complex, and they carry a high risk of losing money quickly. According to Pepperstone's international site, 80% of retail investor accounts lose money trading CFDs with this provider. This article is general information, not investment advice, and broker conditions can change without notice.