When it comes to trading with smaller investments, cent accounts give Singaporean traders a practical way to start without taking on heavy risks. They allow you to trade with real money, but in much smaller volumes—perfect for learning, testing strategies, or managing tighter budgets. In this review, we’ll highlight the 5 best cent account brokers in Singapore, focusing on their strengths and the benefits they offer to local traders.
What this article covers:
The top 5 cent account brokers for Singapore
Why they stand out from competitors
Key advantages of using cent accounts locally
How they support beginner and budget-conscious traders
Features that matter most to Singapore’s trading environment
- Andre Hanekom
10 Best Forex Brokers in Singapore
Rank
Broker
Review
Regulators
Min Deposit
Official Site
In this comprehensive guide, you’ll discover the 5 best cent account brokers in Singapore, carefully chosen to help traders start small and grow with confidence. These brokers make trading more accessible by allowing you to deposit less while still gaining real market experience.
From user-friendly platforms to strong regulatory oversight, each broker offers unique benefits that fit the needs of Singaporean traders. Whether you’re just beginning your journey, testing strategies with minimal risk, or trading on a budget, these brokers give you the right mix of safety, flexibility, and support to succeed in Singapore’s dynamic forex market.
5 Best Cent Account Brokers in Singapore – Comparison
| 🔍Broker | 🫴🏻Cent Account Broker | 🚀Open an Account | 💴Minimum Deposit |
| 🥇Exness | Yes | 👉 Click Here | 1.29 SGD or USD1 |
| 🥉HFM | Yes | 👉 Click Here | 6.43 SGD or USD5 |
| 🥈FBS | Yes | 👉 Click Here | 6.43 SGD or $5 |
| 🏆Roboforex | Yes | 👉 Click Here | 12.86 SGD or $10 |
| 🏅XM | Yes | 👉 Click Here | 6.43 SGD or $5 |
What is a cent account?
A cent account is a special type of forex trading account where your balance is shown in cents, not dollars. For example, a $10 deposit appears as 1,000 cents, making it easier to trade smaller amounts while still experiencing real market conditions. This setup is perfect for beginners in Singapore who want to practice with minimal risk, test strategies safely, or build confidence in live trading before moving to larger, more standard accounts.
Exness
 | Minimum Deposit: $10 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Leverage: Up to 1:2000 |
Overview
Exness’s Standard Cent Account is a beginner-friendly option that lets you trade live markets using micro-lot sizes, where your balance is shown in cents. It requires a low minimum deposit (around USD 10), offers slightly higher spreads (starting from about 0.3 pips), and supports unlimited leverage. You can trade major forex pairs and metals via MT4, with swap-free trading available. It’s a low-risk way to get comfortable with real-money trading, offering a smooth stepping stone from demo to full-sized accounts.
Unique Features
| 🔍Feature | Information |
| ⌛Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📱Social Media Platforms | Instagram YouTube |
| 🫴🏻 MAS Regulation? | None |
| 🗂️Trading Accounts | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trade app |
| 💴Minimum Deposit in SGD | 13.29 SGD or USD10 |
| 🛢️Trading Assets | Forex Metals Crypto Energies Indices Stocks |
| 🗂️SGD-based Account? | Yes |
| 🫴🏻 SGD Deposits Allowed? | Yes |
| 🎁Bonuses for Singaporean traders? | None |
| ✏️Minimum spread | From 0.0 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low minimum deposit (~USD 10) makes it accessible for new traders. | Slightly higher spreads (~0.3 pips) than standard accounts. |
| Micro-lot sizes (cents) reduce financial risk. | Not regulated by MAS—no Singapore-specific oversight. |
| Swap-free option caters to Islamic users. | Only forex and metals available on Cent account. |
| Unlimited leverage (where applicable) provides flexibility. | No Singapore-targeted bonuses or promotions. |
| Access to real markets via MT4 with live conditions. | Account value displayed in cents may feel cumbersome for some. |
Can I deposit in SGD into a Cent Account?
Yes—you can deposit in SGD. Exness converts it to USD-cent for your account. Minimum deposit remains around SGD 14 depending on exchange rate.
Is the Cent Account swap-free?
Yes—most account types, including the Cent Account, offer a swap-free (Islamic) option, allowing overnight positions without interest charges.
HFM
 | Minimum Deposit: $0 Regulated by: FCA, FSA, DFSA, FSCA, CMA Leverage: Up to 1:1000 |
Overview
The HFM Cent Account is a beginner-friendly live trading option that displays your account balance in cents, allowing micro-lot trading with minimal risk. You can open one with no minimum deposit, use ultra-low leverage up to 1:2000, and benefit from swap-free conditions on eligible instruments. With no commissions and spreads starting around 1.2 pips, it’s available on MT4, MT5, WebTrader, mobile apps, and HFM’s own platform. You can only trade forex and gold, and it’s a great way to bridge from demo to real trading with tiny stakes and real market dynamics.
Unique Features
| 🔍Feature | ℹ️ Information |
| ⌛Regulation | FCA, CySEC, DFSA, FSCA, CMA, and Seychelles FSA. |
| 💻Social Media Platforms | Facebook, Twitter, YouTube, LinkedIn, Instagram |
| ➡️MAS Regulation? | No |
| 🗂️Trading Accounts | Cent, Pro, Premium, Zero Spread, Crypto CFD, Demo, Swap-free options. |
| 📊Trading Platform | MetaTrader 4, etaTrader 5. HFM’s proprietary platform |
| 💵Minimum Deposit in SGD | SGD 6.50 or $5 |
| 🛢️Trading Assets | Forex, Bonds, Indices, Shares, Commodities, Cryptocurrencies, Futures, and Options. |
| 👉SGD-based Account? | None |
| 💷SGD Deposits Allowed? | No local SGD deposit channels specified. |
| 🎁Bonuses for Singaporean traders? | Yes—localized promotions and bonuses are offered in applicable regions. |
| ⬇️Minimum spread | From 0.0 pips |
| ✏️Demo Account | Yes |
| ☪️Islamic Account | Yes |
Pros and Cons
| ✅Pros | ❌Cons |
| Trade live markets with just cents—super low-risk for newcomers. | Only forex and gold available—limited asset choices. |
| No minimum deposit—easy to begin with any amount. | Not MAS-regulated—no Singapore-specific oversight. |
| Swap-free option makes it accessible to Islamic traders. | Spread slightly higher than raw-spread accounts. |
| High leverage (up to 1:2000) allows impactful micro-trading. | Cent-based balance can feel awkward to read. |
| Commission-free with spreads from ~1.2 pips—affordable trading. | Singapore-specific bonuses or tailored promos are absent. |
Can I really start with SGD with zero minimum deposit?
Yes—you can deposit in SGD. There’s no broker-imposed minimum. Funds are converted to USD cents, so you could effectively start with just a few SGD for micro-lot trading.
Is the HFM Cent Account swap-free for Islamic traders?
Yes—eligible instruments and accounts offer swap-free (Islamic) conditions without overnight interest, making it suitable for traders following Sharia principles.
FBS
 | Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
Overview
The FBS Cent Account is a perfect stepping-stone for new traders in Singapore, letting you trade in cents—so even a $5 deposit feels like $500 on your platform. You get micro-lot access down to 0.0001 standard lots, no commission, and floating spreads starting from about 0.7 to 1 pip, depending on pairs. Leverage goes up to 1:1000, giving you real-market feel with tiny capital. It runs on MT4 and MT5, and you can open up to five cent accounts if your Introducing Broker allows. While it’s not regulated in Singapore, FBS is overseen by reputable bodies like CySEC, ASIC, and Belize FSC, offering you solid fund protection globally.
Unique Features
| 🔍Feature | Information |
| ⌛Regulation | FSC, CySEC, ASIC |
| 📱Social Media Platforms | Instagram Twitter / X TikTok YouTube |
| 🫴🏻 MAS Regulation? | None |
| 🗂️Trading Accounts | Standard Account ECN Account Cent Account |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 FBS trader App |
| 💴Minimum Deposit in SGD | 7 SGD or $5 |
| 🛢️Trading Assets | Forex Commodities Indices Currency Indices Cryptocurrency Shares ETFs |
| 🗂️SGD-based Account? | None |
| ✔️SGD Deposits Allowed? | Yes |
| 🎁Bonuses for Singaporean traders? | Yes up to 100% dep bonus |
| ✏️Minimum spread | From 0.0 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Trade live with just cents—minimize financial risk. | Profit potential limited due to cent denomination. |
| Ultra-low entry: around USD 5 required. | Not MAS-regulated—no local oversight. |
| High leverage (up to 1:1000) for micro-lot flexibility. | Opening requires IB referral (invitation). |
| No commissions; tight floating spreads. | Spread slightly wider than professional raw accounts. |
| Swap-free version makes it accessible to Islamic traders. | Balances in cents may feel unfamiliar to some. |
Can I use Singapore dollars to fund the Cent Account?
Yes—you can deposit in SGD, which FBS converts to USD. The Cent Account still registers in USD, but opening with approximately SGD 7 works.
Do I need a special link to open a Cent Account?
Yes—you must use an IB’s invite link to open a Cent Account. Regular direct sign-ups may not offer this account type.
ROBOFOREX
 | Minimum Deposit: $10 Regulated by: FSC Leverage: Up to 1:200 |
Overview
The RoboForex ProCent Account is a practical, beginner-friendly way to trade live markets using micro-lots, with your balance shown in cents. You only need around USD 10 to start, and it offers leverage up to 1:2000, floating spreads from about 1.3 pips, and zero commission on trades. You can test strategies or Expert Advisors under real conditions with minimal risk. It supports MT4, MT5, and other platforms, offers negative balance protection, and is regulated by Belize’s FSC, providing added peace of mind. For Singapore-based traders, it enables you to dip your toes into live trading without diving in headfirst.
Unique Features
| 🔍Feature | Information |
| ⌛Regulation | (FSC/IFSC) of Belize, under license # 000138/32 |
| 📱Social Media Platforms | LinkedIn YouTube |
| 🫴🏻 MAS Regulation? | NO |
| 🗂️Trading Accounts | Pro-Cent account Pro-Standard account ECN Account Prime Account R Stocks trader account |
| 📊Trading Platforms | MetaTrader 4 IMetaTrader 5 R StocksTrader |
| 💴Minimum Deposit in SGD | 13.50 SGD or an equivalent to $10 |
| 🛢️Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures EFT’s |
| 🗂️SGD-based Account? | None |
| ✔️SGD Deposits Allowed? | Yes but will be converted to USD |
| 🎁Bonuses for Singapore traders? | Yes |
| ✏️Minimum spread | From 0.0 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Trade actual markets with just cents—very low-risk start. | Sense of performance is limited due to cent-based scale. |
| Low entry barrier (~USD 10). | Lacks MAS regulation—no local protection. |
| High leverage (up to 1:2000) for micro-lot flexibility. | Spreads higher (~1.3 pips) than ECN accounts. |
| No trading commissions—costs kept simple. | USD denomination may feel unfamiliar to SGD users. |
| Fund security: negative balance protection and compensation coverage. | No Singapore-targeted bonuses or promotions. |
Can I fund the ProCent account in SGD?
Yes—you can deposit in SGD and RoboForex will convert it to USD. Starting effectively only costs around SGD 14 (~USD 10).
Is the ProCent account swap-free for Islamic traders?
Yes—swap-free (Islamic) options are available, letting you hold positions overnight without interest charges.
XM
 | Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
Overview
XM doesn’t provide a Cent Account. But you can start trading live with as little as USD 5, using their Micro, Standard, Ultra-Low, Zero-Commission, Shares, and Islamic account types. These accounts let you use MT4, MT5, or the XM app, with low spreads starting from about 0.8 pips and no commissions on most accounts. XM is regulated across multiple jurisdictions, offers negative balance protection, supports SGD deposits, and invites you to trade over 1,400 global instruments—from forex to CFDs on stocks, indices, and more. It’s beginner-friendly with powerful tools and flexible options, just not cent-based.
Unique Features
| 🔍Feature | Information |
| ⌛Regulation | CySEC, DFSA, ASIC, FSC, |
| 📱Social Media Platforms | Facebook YouTube |
| 🫴🏻 MAS Regulation? | No |
| 🗂️Trading Accounts | Standard Account Micro Account Shares Account Ultra Low Account |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 XM Webtrader XM Mobile trader |
| 💴Minimum Deposit in SGD | 6,75 SGD or $5 |
| 🛢️Trading Assets | Index CFDs Forex Metals Commodity CFDs Cryptocurrencies Precious Metals Futures |
| 🗂️SGD-based Account? | Yes |
| ✔️SGD Deposits Allowed? | Yes |
| 🎁Bonuses for Singaporean traders? | Yes |
| ✏️Minimum spread | From 0.6 pips |
| 🆓 Demo Account | Yes |
| ☪️Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Beginner-friendly—very low USD 5 start. | No Cent-style trading—no micro-cent scaling. |
| Wide instrument access—more than 1,400 assets. | Not MAS-regulated—no Singapore-specific oversight. |
| Tight Ultra-Low spreads (from ~0.8 pips). | Spreads wider on Standard (~1.6 pips) vs. pro brokers. |
| Swap-free Islamic accounts available. | Advanced traders might miss ECN-style direct access. |
| Robust regulation and negative balance protection. | Bonus terms can be restrictive—read carefully. |
Can I start trading on XM with just SGD?
Absolutely—you can deposit in SGD, converted into a base currency of your choice. Just USD 5 (about SGD 7–8) is enough to begin.
Does XM offer a swap-free Islamic account?
Yes—XM provides swap-free Islamic account options on select account types, letting you trade overnight without rollover interest.
How to choose the best cent account Forex brokers in Singapore
Choosing the right cent account broker in Singapore can feel overwhelming, but the right choice sets the foundation for learning, growth, and long-term trading success. With many brokers offering varying spreads, platforms, and services, it’s important to focus on factors that directly affect your trading experience. From regulation and fees to education and platform usability, these steps will guide you in selecting a broker that fits your needs, minimizes risk, and supports your trading journey effectively.
Step 1: Check Regulation and Licensing
Ensure the broker is regulated by reputable authorities. Regulation protects your funds, guarantees fair practices, and provides recourse if issues arise. Singaporean traders should prioritize brokers with international recognition to trade safely and confidently in a transparent environment.
Step 2: Evaluate Account Payment Options
Cent accounts are designed for small deposits. Check if the broker allows you to start with an amount you’re comfortable with. Low minimums make it easier to practice and scale gradually without financial pressure or stress.
Step 3: Review Trading Platforms
A user-friendly, stable platform is essential. Ensure the broker’s software supports all tools, charts, and indicators you need. Smooth execution, reliability, and intuitive design improve learning and trading efficiency.
Step 4: Compare Spreads and Fees
Low spreads and minimal fees help maximize your limited trading capital. Compare costs across brokers to ensure your trades remain profitable and that hidden fees won’t eat into small gains.
Step 5: Assess Education and Support
Strong educational resources and responsive customer support are invaluable. Look for tutorials, webinars, and local support that help Singaporean traders learn faster, solve problems quickly, and grow confidence in trading.
Step 6: Test Account Features and Flexibility
Check leverage, trade size options, and account flexibility. Ensure the broker’s features match your goals and allow smooth transition to standard accounts as your trading experience and capital grow.
What is a cent account?
Traders in Singapore who want to deal in the smallest currency denominations can open a “cent account” with various Forex firms. This is around 0.001 percent of a typical lot. This type of account allows traders to enter the market with a low amount of money.
Advantages and Disadvatages of Cent account Brokers
| 🟢 Advantages | 🔴Disadvantages |
| Cent accounts let beginners trade real markets with minimal deposits, helping build confidence without risking significant money upfront. | Cent account profits are very small, meaning traders may struggle to see meaningful returns compared to standard or professional accounts. |
| They provide a safe way to test strategies, offering hands-on practice in live conditions with reduced exposure to large losses. | High leverage on cent accounts can mislead beginners into risky habits, causing overconfidence that may harm future trading discipline. |
| Many brokers offer educational resources alongside cent accounts, supporting traders in Singapore to learn while practicing affordably. | Some brokers limit features on cent accounts, restricting access to advanced tools, platforms, or promotions enjoyed by larger accounts. |
| Smaller trade sizes allow budget-conscious traders to participate, making forex accessible to a wider audience in Singapore’s financial hub. | Trading conditions may differ slightly from standard accounts, leading to unrealistic expectations when upgrading to bigger accounts later on. |
| Cent accounts often come with lower barriers, enabling quick account setup and easy access to global markets for new traders. | Overemphasis on “low risk” trading could delay serious growth, as traders may remain in cent accounts longer than truly beneficial. |
Conclusion
Choosing a low spread broker in Singapore can make a real difference in your trading journey. Lower spreads mean reduced trading costs, which helps maximize profits, especially for active traders. Beyond costs, these brokers often provide reliable platforms, strong regulation, and customer support tailored to Singapore’s trading environment. By selecting the right broker, you create a fairer, more efficient path to grow your trading confidence, protect your capital, and steadily work toward long-term success.
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Frequently Asked Questions
How does a cent account differ from a standard account?
A cent account in Forex trading is a type of trading account where the base currency is measured in cents instead of the standard units. This allows for lower-risk trading and is often recommended for beginners. Understanding the key differences between cent accounts and standard accounts is crucial for traders in Singapore.
What are the advantages of using a cent account for Forex trading in Singapore?
Cent accounts offer several advantages, especially for novice traders. They provide a lower entry barrier, allowing traders to start with a smaller initial investment. This can be beneficial for risk management and gaining practical experience without significant financial exposure.
Are there any specific brokers offering cent accounts for Forex traders in Singapore?
It’s important for traders to choose a reputable broker that offers cent accounts in Singapore. While many brokers provide this option, it’s essential to consider factors such as regulatory compliance, trading fees, and customer support. Researching and selecting a broker that aligns with the trader’s preferences and needs is crucial for a positive trading experience.
What are the potential risks associated with cent accounts in Forex trading?
While smaller lot sizes reduce the monetary risk per trade, they also limit profit potential. Traders may find that profits accumulate at a slower pace compared to standard accounts. Additionally, it’s crucial to consider that trading with real money, even in smaller amounts, involves risk, and traders should use proper risk management strategies to protect their capital.
Can I switch from a cent account to a standard account, and vice versa?
Most brokers allow traders to switch between different types of accounts, including cent accounts and standard accounts. However, it’s essential to check with the specific broker for their policies and any associated fees or requirements.
Can I make profits with a cent account?
Yes, but profits are proportional to your small investment. It’s excellent for learning and building confidence, but don’t expect large returns—cent accounts are more about practice than income.
Do cent accounts support leverage?
Yes, many brokers offer leverage even on cent accounts. While it can amplify gains, it also increases risks, so careful, disciplined trading is essential for beginners.
Can I use the same strategies as standard accounts?
Yes, most strategies work the same. Cent accounts are perfect for testing approaches in real-market conditions, letting Singaporean traders refine skills before committing bigger capital.
Who can open a cent account in Singapore?
Anyone can open one, provided they meet the broker’s age and identification requirements. Cent accounts are perfect for beginners, students, or anyone wanting to test strategies with minimal funds, making forex accessible to more Singaporean traders.
