What is the minimum deposit to open a trading account in Singapore?
Verdict
- At Pepperstone, our top pick for Singapore traders, the minimum is $10 or the local equivalent, and the account can be held in SGD.
- Several brokers publish no minimum at all, including ActivTrades and, for its CFD account, Phillip Securities' POEMS; FP Markets asks $100, and XS's low-cost Elite account needs $500.
- IG's own site conflicts on its Singapore figure: an international table lists $450, while its UK help centre says there is no minimum by bank transfer.
- A minimum deposit is an entry ticket, not a trading budget: margin, spreads and losses decide how far it goes.
The minimum deposit is set by the broker, not by Singapore law, and it varies by account type and even by payment method. Here is what each broker that serves Singapore residents publishes, and what a small first deposit can realistically do.
Pepperstone: $10, in Singapore dollars if you like
Pepperstone's international site sets minimum funding at '$10 or your local equivalent' for both Standard and Razor. SGD is an available base currency, and cards, Apple Pay, Google Pay, PayPal, Neteller and Skrill all accept deposits from $10, with no deposit fees. There is no inactivity fee. The account is with Pepperstone Markets Limited, licensed by the Securities Commission of The Bahamas (SIA-F217); Pepperstone has no MAS licence.
Affiliate link — we may earn a commission at no extra cost to you.
Published minimums at brokers serving Singapore
Capital.com is not listed because our broker data shows it does not accept Singapore residents. Plus500 publishes minimums per payment method inside its platform rather than one figure.
| Broker | Minimum | Notes |
|---|---|---|
| Pepperstone | $10 | SGD base currency available; not MAS-licensed |
| XS | $0 listed; Elite account $500 | Card deposits from $20, e-wallets from $15, bank transfer from $300; not MAS-licensed |
| ActivTrades | $0 | No SGD base currency |
| FP Markets | $100 | SGD is a funding currency |
| Phillip Securities (POEMS CFDs) | No minimum | MAS-regulated Singapore company |
| IG | Conflicting: $450 (international table) vs no minimum (UK help centre) | MAS-licensed IG Asia Pte Ltd |
| eToro | $10 | Group figure; MAS-licensed eToro Singapore Pte. Ltd. |
What $10 actually buys
At Pepperstone's 1:200 retail cap on FX, $10 of margin supports up to $2,000 of position, and a 0.5% move against it would erase the deposit. That is why a minimum deposit is best used to test the account rather than to trade seriously:
- Make the minimum deposit and check it arrives in the right currency.
- Withdraw part of it to the same card or e-wallet to confirm the process.
- Only then fund the amount you plan to trade with, sized so that one bad day cannot wipe you out.
Affiliate link — we may earn a commission at no extra cost to you.
Watch for later minimums
Some costs appear after the first deposit. Pepperstone may archive accounts holding under 10 currency units that have been unused for three months or more, and charges $20 for international bank-wire withdrawals. XS reserves a withdrawal fee of up to 3% when there has been no trading activity or it suspects abuse. ActivTrades applies 0.5% when your payment currency differs from the account currency.
Sources
Minimums as published by each broker.
Is Pepperstone's minimum the same in SGD?
Pepperstone says '$10 or your local equivalent', so an SGD account starts from roughly the SGD equivalent of $10.
Do I need more for Razor than Standard?
No. The same minimum applies to both account types on Pepperstone's international site.
Is there a legal minimum deposit in Singapore?
Not that we have seen; minimums are set by each broker.
Leveraged CFD trading is high risk: losses can build quickly and may wipe out your deposit. Pepperstone's international site reports that 80% of retail investor accounts lose money when trading CFDs with this provider. This is not investment advice; verify current terms directly with any broker you consider.