There are lots of brokers and platforms out there for you to choose from. I try to list the best ones to use in Singapore right here on this website.
We are compensated for referring clients to some of the listed trading providers.
Capital.com is the trusted partner of TradingView and Investing.com. They've got an amazing review score at Trustpilot, which you can see below.
You can trade a huge selection of instruments with this broker. This includes CFDs for over 2,400 shares, a range of indices, over 120 cryptocurrencies, and 40 commodities.
Demo: Try trading with a demo account free of risk.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Visit Capital.comIC Markets is a very popular trading site with over 1,750 tradable instruments and up to 500x leverage.
This includes forex CFDs for over 60 currency pairs, over 20 indices CFDs with up to 200x leverage, over 20 commodity CFDs with up to 500x leverage, over 1,600 CFDs for shares, over 10 bond CFDs, crypto CFDs with up to 5x leverage, and CFDs for futures with up to 200x leverage.
The review data from Google Play and the App Store are for the IC Markets cTrader App. There are also other IC Markets apps available.
IC Markets enables its clients to trade crypto CFDs 7 days a week. There are at least 12 different cryptos here, including Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash, Ripple, EOS, Emercoin, NameCoin, PeerCoin, Polkadot, Stellar, and Chainlink.
Demo: Try trading with a demo account free of risk.
Risk warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Visit IC MarketsWith the Plus500SG trading platform, you can trade over 2,000 CFD instruments on stocks, indices, currencies, commodities, and crypto. They've got CFDs for all of the most popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Stellar, Bitcoin Cash, and Cardano.
You can trade crypto with up to 2x leverage. For commodities, they offer up to 5x leverage. For shares you can get up to 10x leverage. For their forex CFDs, they offer up to 20x leverage.
Demo: Try trading with a demo account free of risk.
Risk warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Additional info: Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1).
Visit Plus500AVATrade offers trading of cryptocurrencies, ETFs, commodities, and stocks as CFDs. You can also trade forex here.
There are 11 different cryptos to trade here, including the most popular ones like Bitcoin and Ethereum. They offer up to 2x leverage on Bitcoin, 10x on commodities, and 5x on stocks.
Demo: Try trading with a demo account free of risk.
Risk warning: 72% of retail investor accounts lose money when trading CFDs with this provider.
Visit AVATradeCMC Markets offers a trading platform with access to 10,000 financial instruments you can trade with up to 30x leverage.
This includes over 300 currency pairs, popular cryptocurrencies like Bitcoin and Ethereum, over 9,000 shares (including 1,000 ETFs), a selection of commodities, and more.
Demo: Try trading with a demo account free of risk.
Risk warning: 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
Visit CMC MarketsIG claims to be the world's leading CFD provider. They very well might be. I can at least let you know that they are one of the most popular ones according to website traffic statistics by Alexa.
With IG you can trade over 17,000 markets. This includes forex, indices, cryptocurrencies, shares, and commodities.
As I write this, they offer trading of 6 different cryptos: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, and NEO.
Demo: Try trading with a demo account free of risk.
Risk warning: 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Visit IGSaxo Bank offers CFD trading for over 9,000 instruments. You can trade stocks, indices, forex, commodities, options, and bonds.
You can also trade cryptocurrency with Saxo Bank. They offer two different products. One is called Crypto FX which allows traders to take advantage of short-term volatility. And then there is an unleveraged instrument called Crypto ETPs for long-term investing.
Demo: Try trading with a demo account free of risk.
Risk warning: 70% of retail investor accounts lose money when trading CFDs with this provider.
Visit Saxo BankCFDs are financial instruments that can be used for short-term trading. It is not suitable for long-term investing. There are fees for holding on to a position with CFDs over time. For instance overnight. Make sure you learn how it all works before trading substantial funds. CFDs often come with high leverage enabling bigger results from smaller investments. Both to the downside and to the upside.
There are advantages to CFD trading compared with buying stocks and other financial instruments directly. You can, for instance, trade with leverage and you can also often trade a wide range of all sorts of underlying instruments with the same CFD broker. This includes shares, cryptocurrencies, and commodities in most cases. You can also go short just as easily as you can go long with CFDs which can be a big advantage.
As you can see from the risk warning all CFD brokers are required to put on their websites, there are risks involved with online trading, and maybe CFD trading in particular. The main reason for this might be that there is built in a lot of leverage into CFDs. This can be a benefit if you know what you are doing. However, it can be terrifying to see a position move against you really heavily just because of a small drop in price on the underlying asset. CFDs also are subject to other rules as set by the brokers.