What alternatives to Moomoo are there for leveraged trading?
Verdict
- For leveraged trading from Singapore, Pepperstone is our top alternative: CFDs on 93 FX pairs, 26 indices, 40 commodities and 1,162 shares, at up to 1:200 on FX, gold and major indices for retail clients.
- We hold no verified data on Moomoo's own products or leverage, so compare what each alternative publishes rather than our claims about Moomoo.
- If you want a MAS-licensed firm, Phillip Securities' POEMS, IG, CMC Markets and Saxo offer CFDs through Singapore companies, while Tiger Brokers offers futures and options rather than CFDs.
- Pepperstone serves Singapore residents through its Bahamas entity (SCB SIA-F217) and holds no MAS licence.
Leverage comes in different forms: CFDs, futures and options all let you control more than you deposit, but they work differently and sit with different kinds of brokers. Here is how the main alternatives available to Singapore traders deliver leverage, starting with our pick.
Pepperstone: CFD leverage across asset classes
Pepperstone's international entity offers CFDs on FX, indices, commodities, shares, ETFs and 31 crypto CFDs (account-table data from March 2025). Retail caps are 1:200 on FX, gold and major indices, 1:50 on other commodities and 1:20 on shares and BTC/USD. Costs are published: Razor EUR/USD at a 0.1-pip average plus USD 3.50 per side, no commission on index CFDs, and US share CFDs at USD 0.02 per share. More than 100 US share CFDs also trade 24 hours a day, five days a week, under a '-24' suffix. The start is $10, and you can hold the account in SGD.
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Alternatives by type of leverage
| Broker | Leveraged products | Singapore regulation |
|---|---|---|
| Pepperstone | CFDs: FX, indices, commodities, shares, ETFs, crypto | None; Bahamas SCB SIA-F217 |
| XS | CFDs, up to 1:2000 with dynamic leverage | None; offshore entities |
| Phillip Securities (POEMS) | CFDs, incl. FX CFDs from 0.3 pips, no minimum deposit | MAS |
| IG | CFDs | MAS (IG Asia Pte Ltd) |
| Plus500 | CFDs | MAS (Plus500SG, CMS100648) |
| Tiger Brokers | Futures and options; no CFDs or spot FX | MAS |
Choosing the right kind of leverage
- CFDs suit traders who want one account for FX, indices, gold and shares, with position sizes as small as the broker allows.
- Futures, as at Tiger Brokers, trade on exchanges such as CME, with standard contract sizes and exchange fees.
- Higher caps, like XS's 1:2000, mean smaller margin, not lower risk; losses scale with position size.
- Check whether the company holding your account offers negative-balance protection: Pepperstone's Bahamas entity does for retail clients.
Where Pepperstone falls short
Pepperstone does not offer exchange-traded futures or options, and it has no MAS licence or Singapore entity; no investor compensation scheme is named for the Bahamas company. If those matter more than cost and platform choice (MT4, MT5, cTrader, TradingView and its own app), a MAS-licensed CFD provider or a futures broker may suit you better. Capital.com is not an option: our broker data shows it does not accept Singapore residents.
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Sources
Products and licences as published.
Does Pepperstone let me trade US shares with leverage?
Yes, as share CFDs at up to 1:20 for retail clients, with commission of USD 0.02 per share on US shares.
Is Tiger Brokers a CFD broker?
No. Its Singapore site offers stocks, ETFs, options, futures and funds, with FX exposure through CME FX futures, not CFDs.
Which alternative has a MAS licence?
Phillip Securities, IG, Plus500, CMC Markets, Saxo and Tiger Brokers all name MAS-regulated Singapore companies; Pepperstone and XS do not.
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.