Best Trading Platform Singapore 2026

Best Trading Platform Singapore 2026: MAS-Licensed Brokers

Q: Which trading platform is best in Singapore?

IBKR for raw cost and Saxo for an SGD-denominated account with no minimum and no inactivity fee. For mobile, moomoo and Tiger are strong provided you account for the per-order platform fee. All four are MAS-licensed.

Q: Can I trade with Pepperstone in Singapore?

Pepperstone accepts Singapore clients through Pepperstone Markets Limited, regulated by the Securities Commission of The Bahamas (SIA-F217). It holds no MAS licence. That is a legitimate regulated entity, but MAS rules and protections do not apply to it.

Q: What is the maximum leverage in Singapore?

20:1 on FX and index CFDs from a 5% margin requirement, 10:1 on index-constituent equity CFDs, and 5:1 on gold, commodities and everything else. Gold is the one that catches people out — it is four times tighter than the UK.

Which trading platform is best in Singapore in 2026? MAS-licensed brokers compared against offshore options on cost, protection and platform choice.

At a glance

For Singapore equities and global shares, Saxo and Interactive Brokers are the cost leaders among MAS-licensed firms, with moomoo and Tiger ahead on the app. For leveraged FX and indices, the licensed field narrows sharply and most active traders end up with an offshore broker — a decision worth making deliberately.

Saxo defaults to an SGD base currency and charges no minimum deposit or inactivity fee.
IBKR publishes CMS100917; moomoo publishes CMS101000. MAS itself displays no licence numbers.
Watch the platform fee. moomoo and Tiger add a per-order platform charge on top of a headline zero commission.
Gold CFDs are capped at 5:1 in Singapore — four times tighter than the UK or Australia.
Pepperstone leads the offshore options if you need MT4, MT5 or cTrader, which no MAS-licensed broker offers on the same terms.

Which trading platform is best in Singapore?

For global shares and ETFs:Interactive Brokers on raw cost, or Saxo if you want an SGD-denominated account and a more finished interface. Both are MAS-licensed.

For a mobile-first experience:moomoo or Tiger — but read the platform fee, which sits on top of the commission and is where the headline “$0” goes.

For leveraged FX and indices: no MAS-licensed broker offers MetaTrader on competitive raw pricing. If that is your requirement, you are choosing among offshore firms, and Pepperstone is the strongest of them.

MAS-licensed platforms compared

The platform fee is the trap. moomoo and Tiger both advertise zero or near-zero commission and then add a separate platform fee per order — at moomoo, 0.03% with a S$0.99 minimum on SGX plus US$0.99 per order on US stocks. On a small trade that fee is the entire cost. Read the schedule, not the headline.

Table 1 — MAS-licensed platforms

Table 1 — MAS-licensed platforms
Platform	Entity / CMS	Min deposit	SGX shares	US shares	SGD base
Saxo	Saxo Capital Markets Pte Ltd	None — and no inactivity fee	0.08–0.03%, min S$3	0.08–0.03%, min US$1	Yes — default
IBKR	CMS100917	US$0	Tiered 0.08–0.02%, min S$2.50	US$0.0035–0.0005/share, min US$0.35	Yes
moomoo	CMS101000	not published	0.03% + 0.03% platform, min S$0.99 each	US$0 + US$0.99/order platform	Yes
Tiger	Tiger Brokers (Singapore) Pte. Ltd.	not published	0.03% + 0.03% platform, min S$0.99 / S$1	US$0.005/share + platform	Yes
IG	IG Asia Pte Ltd	not published	CFD 0.10%, min S$10	CFD 2c/share, min US$10	not published
POEMS	Phillip Securities Pte Ltd	not published	Cash Plus 0.08–0.06%, no minimum	Cash Plus US$0	Implied

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Open a trading account with Base Markets through our link and deposit $400 (roughly S$515) — the capital stays in your account, yours to trade — and you unlock full signals access free, replacing a subscription worth around $2,500/yr (roughly S$3,220). Base Markets is licensed by the FSC in Mauritius, not by MAS.

1Open a Base Markets account through our link
2Deposit $400 (roughly S$515) — the capital stays yours to trade
3Send your proof on Telegram and get every signal free

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Trading forex and CFDs involves substantial risk of loss. Singapore's capital markets are regulated by the Monetary Authority of Singapore (MAS); the offshore brokers most retail CFD traders use are not MAS-licensed, and our signals are analyst opinions, not investment advice.

What you cannot get from a MAS-licensed broker

Three things, and they explain why so many active Singapore traders end up offshore.

If you need MetaTrader, you are choosing offshore

Pepperstone is the strongest of the offshore options — SCB-regulated in the Bahamas, MT4, MT5, cTrader and TradingView, published dated average spreads and no minimum deposit. It is not MAS-licensed, and that trade-off is yours to weigh.

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Pepperstone Markets Limited — Securities Commission of The Bahamas, SIA-F217

79.6% of retail investor accounts lose money when trading CFDs with this provider. Pepperstone is not licensed by MAS or the SFC; this is an offshore entity.

Clients outside the UK, EU, Australia, the UAE and Kenya are onboarded offshore: Pepperstone Markets Limited (The Bahamas, SCB licence SIA-F217), where 79.6% of retail investor accounts lose money, and Capital Com Online Investments Ltd (The Bahamas, SCB licence SIA-F245), where 79.75% do. This is a paid affiliate link: we may earn a commission if you open an account. It does not change our ranking or what we publish.

MetaTrader on raw pricing. IG and CMC offer MT4, but on marked-up spreads. No MAS-licensed firm offers a raw-spread MT4/MT5/cTrader account of the kind Pepperstone or IC Markets provide.
Competitive gold leverage. MAS caps gold at 5:1. The UK and Australia allow 20:1.
Swap-free accounts. No MAS instrument mentions them and no Singapore-licensed broker publishes one.

What protects you, and what does not

Prefer published pricing you can read up front?

Capital.com publishes its full fee schedule with no login. Singapore clients are served by its Bahamas entity, not a MAS-licensed one — weigh that before funding.

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Capital.com — FCA 793714 · CySEC 319/17 · ASIC 513393

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Table 2 — Protections

Table 2 — Protections
Protection	Available in Singapore?
Client money segregation	Yes — SF(LCB) Regulations, Part III
Leverage caps	Yes — 20:1 FX, 5:1 gold
Compensation scheme for CFD losses	No
SDIC deposit insurance	Bank deposits only — expressly excludes investment products
Mandatory loss-rate disclosure	No — MAS does not require it

Ready to start?

Save up to $2,500/yr (roughly S$3,220)

Get the signals free

1Open a Base Markets account through our link
2Deposit $400 (roughly S$515) — the capital stays yours to trade
3Send your proof on Telegram and get every signal free

Open a Base Markets account

Prefer to just subscribe?

Subscribe on Telegram

Written and reviewed by

Best Trading Signal — the editorial and analysis team

We rate brokers on licensing, cost and withdrawals — and name the drawbacks, not just the strengths. How our signals are produced · Risk Disclosure · Last updated 12 September 2026

Frequently asked questions

IBKR for raw cost and Saxo for an SGD-denominated account with no minimum and no inactivity fee. For mobile, moomoo and Tiger are strong provided you account for the per-order platform fee. All four are MAS-licensed.

You are not breaking any law by using an offshore one, but you give up MAS supervision, MAS leverage protections and any Singapore recourse. Given there is no compensation scheme either way, the practical difference is supervision and dispute resolution rather than a payout.

Pepperstone accepts Singapore clients through Pepperstone Markets Limited, regulated by the Securities Commission of The Bahamas (SIA-F217). It holds no MAS licence. That is a legitimate regulated entity, but MAS rules and protections do not apply to it.

20:1 on FX and index CFDs from a 5% margin requirement, 10:1 on index-constituent equity CFDs, and 5:1 on gold, commodities and everything else. Gold is the one that catches people out — it is four times tighter than the UK.

At moomoo and Tiger, yes — a per-order charge separate from commission, which is where the “zero commission” headline resolves. Saxo, IBKR and IG charge commission but no separate platform fee on trades. Compare the total per order on your typical trade size.

Pepperstone, Capital.com, IC Markets, XM, Exness and Vantage hold no MAS licence. XM’s offshore entity has been on the MAS Investor Alert List since 16 March 2020. Licensed firms include IG, Saxo, IBKR, moomoo, Tiger, CMC, POEMS, Plus500, eToro and OANDA.

Related guides

Trading forex, CFDs and crypto carries a substantial risk of loss and is not suitable for every investor. In Singapore, capital markets services are licensed by the Monetary Authority of Singapore (MAS) — the brokers ranked on this site are licensed offshore and are not MAS-licensed, so you trade outside Singapore's investor-protection framework. Our signals are analyst opinions, not guaranteed profits, and past performance does not guarantee future results.

Last updated 12 September 2026