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Best Day Trading Platforms and Brokers in Singapore 2025

Written By

Jemma Grist

Written By

Jemma Grist

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Edited By

James Barra

Edited By

James Barra

James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Fact Checked By

Michael MacKenzie

Fact Checked By

Michael MacKenzie

Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.

» Michael MacKenzie Profile Page

Updated

Oct 4, 2024

With one of the most stable economies underpinned by thriving manufacturing and financial services industries, Singapore offers diverse opportunities for short-term traders.

To trade currency pairs containing the Singapore dollar (SGD) like USD/SGD, stocks listed on the Singapore Exchange (SGX) or key export commodities like copper, you’ll need an online broker.

Following in-depth testing by our experts, we’ve pinpointed the best day trading platforms in Singapore. Every broker listed is authorized by the Monetary Authority of Singapore (MAS).

Methodology

To identify the best day trading platforms in Singapore, we analyzed our library of 219 online brokers, removed all those that don’t accept Singaporean traders, and sorted them by their overall score.

Our ratings combine 100+ data points with findings from our hands-on evaluations.

How To Choose A Day Trading Broker In Singapore

There are several categories to consider when choosing a day trading broker:

Regulation & Trust

Choose a trustworthy broker with licensing from a reputable authority.

This will help to protect you from misconduct and trading scams, which have become frequent in Singapore. One notable example that hit the headlines was the notorious Ponzi-style scheme reported by the Straits Times where American national, Michael Philip Atkins, used his Singapore-based firm, Aureus Capital, to defraud his victims of over $18 million.

The Monetary Authority of Singapore (MAS) is a highly respected ‘green tier’ authority in line with our Regulation & Trust Rating and enforces strict transparency rules and safeguards for traders. The MAS also acts as the central bank of Singapore, further highlighting its pivotal role in the nation’s financial system.

Importantly, the MAS has the power to issue penalties, prosecute individuals and revoke licenses from day trading platforms that do not adhere to its rules. The website offers a useful Warning List of all enforcement actions against individuals and companies.

Financial Markets

Choose a broker with the financial markets you’re interested in.

This will allow you to diversify your portfolio and gain confidence using short-term trading vehicles, with one of the most popular being contracts for difference (CFDs) in Singapore.

Singaporean day traders may be looking for local markets, such as currency pairs containing the Singapore dollar (SGD) like USD/SGD or AUD/SGD, as well as stocks listed on the Singapore Exchange (SGX) like DBS and Singtel.

With its manufacturing industry accounting for 20-25% of the country’s annual GDP, you may also be interested in trading the country’s chief import and export commodities like oil, iron and copper.

Day Trading Fees

Secure a broker with competitive fees to help protect your profits.

We routinely evaluate spreads and commissions on popular markets, as well as common non-trading costs for active traders, such as deposit or withdrawal fees.

To get a full picture of the broker’s service, we also consider any additional tools and resources available. For example, the best brokers may offer access to Singapore stock market research, or live interest rate updates from the country’s central bank.

Charting Platforms

Consider a broker with a range of powerful charting platforms for technical analysis.

This will ensure you can execute short-term strategies in a reliable environment. Most brokers offer MetaTrader 4 and MetaTrader 5, though I personally prefer the sleeker workspace provided by TradingView.

I love using TradingView’s intuitive economic calendar where you can filter events by country and category.

For example, you can see in the image below that I can filter by ‘Singapore’ and ‘Money’ to view a central bank release for foreign exchange reserves – a very useful insight if you want to trade gold.

Jemma Grist

Author

Some brokers also provide their own proprietary solutions which often deliver a scaled-back package of tools, making them ideal for beginners.

Leverage & Margin

Select a broker with transparent leverage and margin requirements.

Day traders often use leverage to gain exposure to larger trades, essentially allowing you to magnify potential profits while only depositing a small margin.

Let’s say I want to speculate on the USD/SGD pair after an interest rate update from the MAS, using leverage of 1:30.

If my initial margin is 250 SGD, my trade could actually be worth 7,500 SGD (30 x 250 SGD).

Jemma Grist

Author

However, leverage can also significantly increase the size of losses, so ensure you have a solid strategy for risk management.

Execution Quality

Opt for a broker with reliable order execution.

The quality of a broker’s execution can have a significant impact on fast-paced trading strategies.

Execution quality is the measure of how quickly and efficiently trades are filled. Our routine tests involve checking execution data where available, including latency (the time delay) and slippage (the difference in requested and filled price).

Minimum Deposit

Choose a broker with a minimum deposit that suits your budget.

You will likely need up to 250 USD (approximately 335 SGD) to open a live account, though many of our recommended platforms offer much less.

Many day trading brokers also offer locally supported methods, including e-wallets like Apple Pay and Google Pay, which are increasing in popularity in Singapore. These can help to reduce transaction costs and processing times for Singaporean traders.

FAQ

Who Regulates Day Trading Platforms In Singapore?

The Monetary Authority of Singapore (MAS) regulates day trading platforms and online brokers in Singapore.

Traders can also register with other overseas firms, however, we recommend opting for a tightly regulated broker and ensuring that you still adhere to MAS regulations and Singapore’s tax requirements from the Inland Revenue Authority of Singapore (IRAS).

Which Is The Best Broker That Accepts Day Traders In Singapore?

See our list of the best day trading platforms in Singapore to find one that works for you.

For example, Pepperstone is a top pick if you’re looking for local markets, including Singapore indices and ETFs. It also offers some of the best third-party platforms and tools that I’ve seen. Alternatively, XM is a great choice for convenient funding, with SGD-based accounts.

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