The best CFD brokers in Singapore in 2022February 15, 2022
There is a vast range of CFD brokers in Singapore. It can be challenging for traders to choose the best broker, which is why this article will provide information on the most popular CFD brokers in Singapore.
The CFD brokers will offer several things, including access to over 20,000 financial instruments. They also offer various platforms with advanced charting packages and up-to-date market data. While some people may prefer one platform over another, only two truly stand out from the crowd: eToro and Signal Trader. Why? We’ll get into that shortly. First, though, let’s take a closer look at the available broker’s.
Table of Contents
1. Saxo Capital Markets
Saxo Capital Market offers traders access to 11 different markets, including significant cryptocurrencies, metals and energies. Their award-winning platform is straightforward to use with advanced charting tools that include up to 240 technical indicators. As well as CFD and ETF trading, this broker also offers Forex traders access to various trading accounts with various spreads for different kinds of transactions.
This broker was established in 1974, and it joined the world of CFDs in 2009, offering clients access to over 5,000 financial instruments such as currencies, commodities and indices. Today it’s one of the best brokers available on the Singaporean market thanks to its award-winning customer services that include a team of trained professionals who will help you get started with your trading career no matter what your experience level is. With this platform, newbies can start with a demo account and get hands-on training before moving to real money investing.
Markets.com is a CFD and FX broker with access to major global markets. Their platform has been designed for mobile devices and desktop computers, allowing traders to place trades on the go from their mobile device or tablet without restrictions. They also have a large selection of financial instruments, including currencies, commodities, indices, and stocks from many different markets worldwide.
This unique social copy trading system offers its users a chance to make money by copying other successful traders. This system operates on a free-to-use basis, and it can be profitable if you manage your account correctly by withdrawing profits regularly. It’s important to note that ZuluTrade does not offer CFDs – this brokerage will allow you to follow a trader’s actions and mirror their investments for a commission. The copy trading system operates on the MT4 platform, which can be used from any desktop or mobile device with internet access.
eToro is one of the best CFD brokers in Singapore, mainly because traders can open multiple accounts under one trader’s name, so they get the opportunity to practice without using their own money. On top of this, traders will not incur additional fees when opening multiple accounts under the same trader; however, certain conditions must be met to avoid any problems down the road. It’s also worth noting that eToro offers social trading, and investors also have access to copy other successful traders’ accounts or open an account with their favourite traders.
6. Signal Trader
This social trading platform has recently launched, and it’s quickly becoming a favourite among CFD individual traders. It offers an easy-to-use system that allows people to copy trades from experienced investors. The great thing about Signal Trader is that there are no commission fees, making this one of the best CFDs available in Singapore. There is also a free trial period in which new users can trade without paying any fees to check out the features and functions and see how they work in real-time conditions.
Alpaca is a broker dedicated to Forex and CFD trading, which offers KiwiSaver for all its clients. It also offers traders the option of opening an account using their mobile devices by using its iOS or Android app.
SmartTrade provides traders with over 20,000 financial instruments, including currencies, commodities and indices. The platform is simple for beginners and advanced investors, making it an excellent choice for new users looking for a broker that will allow them to get started quickly.