If you’re an avid trader, then you already know that Singapore is one of the extremely popular Forex broker jurisdictions, with most brokerages from Southeast Asia having their HQ here.
Because of this, Singapore is home to a lot of trading brokers that offer their clients many trading possibilities – such as CFDs or stocks. When it comes to stocks, Singaporean traders are familiar with almost all types – American, Japanese, European, as well as Asian company stocks.
Given that stocks are one of the main trading options that traders look for, let’s take a look at this list of the best stock trading brokers in Singapore that you can trust right now!
City Index is one of the oldest stock trading brokers in the state of Singapore – it was established back in 1983. It also operates in the UAE, the UK, and Australia.
The broker is known for its low spreads, an affordable deposit of minimum 10 USD, and a leverage of up to 1:500. Its most notable features are the sheer number of stocks that are available for traders – more than you could ever trade with, probably, proper regulation and authorizations, as well as relatively tight spreads on major currencies and their pairs.
IG Markets is a stock trader that’s a bit older than City Index – with 1974 as their date of establishment. They come with a higher minimum deposit – namely 300 USD -, with the same low spreads, and with a leverage of up to 1:200 and up to 1:30 for EU clients.
They have almost the same features as the previous entry. As such, let’s take a look at their trading instruments – over six thousand stock CFDs, more than 80 currency pairs, more than 1,500 ETF CFDs, and many more.
SwissQuote was established in 2000 and is one of the less known stock trading brokers of Singapore. The brokerage operates mainly in Singapore, but also in the UK, the UAE, Malta, and Switzerland.
It can be said that it comes with a bit stricter trading options, as it features mid-level spreads, a minimum deposit of 1,000 USD, and leverage of 1:100. Naturally, these aspects are ideal for experienced traders that know what to do – but may be a little too much for newbies, so to say.
When it comes to special features, SwissQuote comes with a Robo-advisory service meant to help their clients make better decisions when trading. The advisor is based on algorithms that analyze the market and possible trades.
Lastly, this broker has available more than 8,500 Stock CFDs that you can trade with!
The Bottom Line
All of the mentioned stock trading brokers are backed by several regulations that help you make sure they’re the right brokers for you. For example, most of them are regulated by the FCA, FINMA, DFSA, MAS, and SFC, to name a few.
In short, these Singaporean brokers are really not only some of the best ones that you can find but also the ones that you can trust right now and use to satisfy your trading needs!
This is a sponsored post.