Best Brokers With SGD Accounts 2026
Dig into our top brokers offering SGD accounts, based on testing, designed to reduce conversion fees and optimize the experience for traders in Singapore.
Written ByJames Barra
Fact Checked ByTobias Robinson
Brokers With:
Singaporean Dollar (SGD)
Showing 5 of 20 matching brokers
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1OANDA is a well-known broker that excels in quick trade executions, a low deposit requirement, and impressive charting and trading platform functions. The highly-regarded brand has over 25 years of expertise and is overseen by reliable authorities like the NFA/CFTC. It provides 24/7 support for traders and offers flexible contract sizes with automated trade executions.
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2Moomoo is a regulated trading platform which is controlled by SEC. It provides a simple, cost-effective method to trade in stocks, ETFs, and various assets from China, Hong Kong, Singapore, the US, and Australia. They provide the option for margin trading, along with no deposit account and several bonus options.
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3Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators.
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4IC Markets is a renowned forex and CFD broker recognized for its high-quality pricing, extensive range of trading tools, and superior trading technology. Established in 2007 in Australia, it operates under the oversight of ASIC, CySEC, and FSA. It has drawn in over 180,000 traders from across 200 countries.
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5IC Trading, a component of the larger IC Markets group, is designed for high-level traders. It offers favorable spreads, dependable order execution, and sophisticated trading instruments. However, it's registered in Mauritius, an offshore financial center with limited regulation, which allows it to provide high leverage.
Compare Brokers With SGD Accounts
| Broker |  |
Payment Methods |
|---|---|---|
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ACH Transfer, Debit Card, Mastercard, Visa, Wire Transfer | |
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ACH Transfer, Wire Transfer | |
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Bitcoin Payments, JCB Card, Mastercard, Neteller, Perfect Money, Skrill, Sticpay, Visa, WebMoney, Wire Transfer | |
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BPAY, Credit Card, Klarna, Mastercard, Neteller, PayPal, POLi, Rapid Transfer, SafeCharge, Skrill, Swift, UnionPay, Visa, Wire Transfer | |
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Credit Card, Debit Card, Mastercard, Neteller, PayPal, Visa, Wire Transfer | |
| Broker | |
Payment Methods |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $0 | 0.01 Lots | 1:50 | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) | OANDA Trade, MT4, TradingView, AutoChartist |
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✓ | $0 | $0 | 1:2 | Stocks, Options, ETFs, ADRs, OTCs ,Futures | Desktop Platform, Mobile App |
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✓ | Varies based on the payment system | 0.01 Lots | 1:Unlimited | CFDs on Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
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✓ | $200 | 0.01 Lots | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
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✓ | $200 | 0.01 Lots | 1:500 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures | MT4, MT5, cTrader, AutoChartist, TradingCentral |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best Brokers With SGD Accounts 2026 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✓ | ✗ | ✗ | |
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✗ | ✗ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With SGD Accounts 2026.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✗ | ||
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Yes (iOS & Android) | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With SGD Accounts 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | $0 | ✗ | ✗ | ||
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✓ | Varies based on the payment system | 0.01 Lots | ✗ | ✗ | ||
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✓ | $200 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $200 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With SGD Accounts 2026 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:2 | ✗ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:Unlimited | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✓ | ✗ | ✗ | ✗ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✓ | ✗ | ✗ | ✗ | 1:500 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With SGD Accounts 2026.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 5.1% | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With SGD Accounts 2026 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With SGD Accounts 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | ✗ | 1.6 | $100 | |
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✗ | $0 | $0 per trade | ✗ | ✗ | |
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✗ | $0 | 0.5 (Apple Inc.) | 0.0 | Floating | |
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✗ | $0 | 0.02 | 0.02 | BTC 42.036 | |
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✗ | ✗ | Variable | 0.1 | Floating | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With SGD Accounts [year] are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Moomoo |
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| Exness |
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| IC Markets |
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| IC Trading |
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Why Trade With OANDA US?
OANDA is a reputable broker for US traders. It offers user-friendly tools for analysis and a simple sign-up process. It is very trustworthy due to heavy regulation.
Pros
- There's a robust selection of 68 currency pairs for committed forex traders focusing on short-term trades.
- You can start trading as a beginner with no minimum initial deposit required.
- Traders can experience quick and dependable order execution.
Cons
- Customer support is not accessible during weekends.
- The trading markets are limited to only forex and cryptocurrencies.
- Few payment options are available and e-wallets are not supported.
Go to OANDA US
CFDs are not available to residents in the United States.
Why Trade With Moomoo?
Moomoo is a great option for beginner and intermediate traders aiming to diversify their investment portfolio. The brokerage's app is easily navigable and the trading fees are significantly low.
Pros
- The broker requires no minimum deposit, making it suitable for beginner traders.
- Moomoo is a licensed entity with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS).
- The fees for options contracts have been lowered from $0.65 to $0.
Cons
- The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
- The broker doesn't offer phone or live chat support, options typically provided by other brokers.
- Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Fast and reliable 24/7 multilingual customer support through phone, email, and live chat, validated by practical tests.
- Competitive spreads for USOIL and BTCUSD in 2024 start from 0 pips, with low commissions from $2 per side.
- Execution speeds now average under 25ms, providing ideal conditions for short-term traders.
Cons
- Retail trading services are not available in some areas, including the US, UK, and EU, making them less accessible compared to leading brokers like Interactive Brokers.
- Exness has increased its variety of CFDs and introduced a copy trading feature, but it still lacks real assets like ETFs, cryptocurrencies, or bonds.
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
Why Trade With IC Markets?
IC Markets provides excellent prices, quick execution, and smooth deposits. The utilization of sophisticated charting platforms such as TradingView and the Raw Trader Plus account makes it a preferred choice for intermediate to advanced traders.
Pros
- You can trade more than 2,250 CFDs in various markets, such as forex, commodities, indices, stocks, bonds, and cryptocurrencies. This range enables varied trading strategies.
- IC Markets provides some of the smallest spreads in the industry, offering 0.0-pip spreads on major currency pairs. This makes trading particularly cost-efficient for traders.
- IC Markets provides fast and reliable 24/5 support for account and funding issues.
Cons
- Interest is not earned on unused funds, a feature commonly available at other platforms such as Interactive Brokers.
- Some withdrawal methods require fees such as a $20 wire charge. This can reduce profits, particularly for traders who withdraw frequently.
- Despite having four top-tier third-party platforms, there is no in-house software or trading app specifically designed for new traders.
Why Trade With IC Trading?
IC Trading's fast execution speeds, strong liquidity, and advanced charting software provide an ideal environment for scalpers, traders, and algorithmic traders.
Pros
- IC Trading offers leading spreads, such as 0.0-pip spreads on major currencies like EUR/USD. This makes it suitable for traders.
- Trading Central and Autochartist are useful for technical summaries and practical trading ideas. You can access them from your account area or the cTrader platform.
- IC Trading provides great flexibility with its accounts. Traders can operate up to 10 live and 20 demo accounts, allowing them to have distinct profiles for varied activities like manual and algo trading.
Cons
- Though IC Trading is part of the reputable IC Markets group, it only holds authorization from a less recognized regulator, the FSC of Mauritius. This results in diminished financial transparency and regulatory protections.
- IC Trading, unlike IC Markets, doesn't offer social trading options via its IC Social app or the ZuluTrade third-party platform.
- During testing, customer support was disappointing. Multiple attempts to reach out through live chat were unsuccessful and emails went unanswered. This raises concerns about their capacity to handle urgent trading issues.
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Methodology
To identify the best brokers offering SGD-denominated accounts, we conducted an in-depth analysis of global and local trading platforms.
We focused on brokers that allow clients to deposit, withdraw, and trade in Singapore dollars (SGD) without forced currency conversions.
Our rankings were based on over 200 key metrics, including trading fees, platform usability, regulatory oversight (such as licensing by the Monetary Authority of Singapore (MAS)). Additionally, we factored in user experience and real-world performance testing by our experts.
What Is an SGD Account?
An SGD trading account is a brokerage account where all balances, transactions, and profits are denominated in Singapore dollars (SGD).
As one of Asia’s most stable and widely used currencies, SGD is essential for traders based in Singapore or those investing in Singaporean markets.
However, despite Singapore’s significance as a global financial hub, many international brokers primarily offer USD or EUR accounts, making SGD-denominated options less common (less than 10% of providers we’ve examined).
Traders who earn and invest in SGD can benefit from an SGD trading account in several ways:
- Avoiding Currency Conversion Costs: Depositing and withdrawing in SGD prevents unnecessary exchange rate fees, which is especially beneficial for traders in Singapore.
- Direct Access to the Singapore Market: SGD accounts often allow seamless trading of SGX-listed stocks, ETFs, and other financial instruments.
- Reducing FX Risk: If your income and financial obligations are in SGD, keeping your brokerage account in the same currency protects you from fluctuations when trading local assets.
How Do I Open an SGD Account?
Opening an SGD trading account requires selecting a broker that supports SGD transactions. Many of the best trading accounts that we’ve trialled are easy to set up. Here’s the process:
- Choose a Broker: Select a platform offering SGD as a base currency. If you’re in Singapore, consider one regulated by the Monetary Authority of Singapore (MAS).
- Register an Account: Complete the broker’s verification process, typically requiring a valid passport or Singapore NRIC and proof of address.
- Select SGD as Your Base Currency: During account setup, choose SGD to avoid auto-conversions when funding or withdrawing.
- Fund Your Account: Deposit funds via local bank transfer (DBS, OCBC, UOB), FAST payments, or e-wallets like PayNow.
- Start Trading: Once your funds are available, you can trade SGX stocks, ETFs, and other assets in SGD without extra conversion costs.
For example, below is an instance where I set up an SGD trading account at a major brokerage, Saxo:
Setting up an SGD account with Saxo
Should I Use an SGD Trading Account?
An SGD trading account may be ideal if the following apply:
- You Live in Singapore: Keeping your trading account in SGD simplifies transactions, tax reporting, and compliance with local regulations.
- You Trade Singapore Stocks and REITs: If you invest in SGX-listed companies, ETFs, or REITs, an SGD account eliminates conversion fees.
- You Want to Avoid FX Volatility: If your income, expenses, or investments are in SGD, holding an SGD account prevents unnecessary exposure to exchange rate fluctuations.
- You Use Singapore Banking Services: SGD accounts are often integrated with local banking systems, allowing for fast and cost-effective deposits and withdrawals.
What Are the Limitations of an SGD Trading Account?
- Limited Broker Availability: Many global brokers still do not support SGD as a base currency, restricting your options.
- Higher Costs for Non-SGD Assets: If you trade assets denominated in USD, EUR, or JPY, you may face conversion fees, adding extra costs to each trade.
- FX Risk on International Trading: If you invest in global markets, you may still need to convert SGD, exposing you to currency fluctuations.
- Less Liquidity for Forex Trading: Compared to USD accounts, SGD accounts may have fewer currency pairs and slightly wider spreads when trading forex.
- Potential Withdrawal Fees: Some brokers charge fees for withdrawing SGD, especially if sending funds to international bank accounts.