Cryptocurrency trading in Singapore has rapidly grown, with local traders seeking secure, regulated, and user-friendly platforms. Choosing the right broker can make a significant difference in costs, safety, and trading experience. In this review of the 9 Best Crypto Trading Brokers in Singapore, we highlight the top 5 brokers and why they stand out for local traders.
Discover trusted brokers with strong global regulation.
Learn which offer SGD deposits and local support.
Compare spreads, fees, and trading tools.
See platforms with user-friendly mobile apps.
Understand key advantages for Singaporean traders.
And lots more…
So, if you’re ready to go “all in” with the 9 Best Cryptocurrency Brokers in Singapore…
Let’s dive right in…
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Read Review ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA Visit Broker 
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Read Review FCA, FSA, DFSA, FSCA, CMA Visit Broker 
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- Andre Hanekom
In this comprehensive guide, you’ll discover the 9 best cryptocurrency trading brokers in Singapore, each chosen for reliability, regulation, and trader benefits. These brokers combine low fees, secure funding options, and smooth trading platforms to give Singaporean traders confidence in fast-moving markets. Some offer SGD deposits, reducing conversion costs, while others provide advanced charting tools and mobile apps for flexibility on the go. Whether you value tight spreads, diverse crypto pairs, or institutional-level safety, these brokers deliver a balance of innovation and trust. They are tailored to help Singaporeans trade crypto with greater convenience and peace of mind.
9 Best Cryptocurrency Brokers in Singapore – Comparison
| 🔍Broker | 🫴🏻Crypto Broker | 🚀Open an Account | 💵Minimum Deposit |
| 🥇HFM | Yes | 👉 Click Here | 0 SGD (0 USD) |
| 🥈easyMarkets | Yes | 👉 Click Here | 34 SGD ($25) |
| 🥉Capital.com | Yes | 👉 Click Here | 27 SGD ($20) |
| 🏆eToro | Yes | 👉 Click Here | 65 SGD ($50) |
| 🥇AvaTrade | Yes | 👉 Click Here | 130 SGD ($100) |
| 🥈HYCM | Yes | 👉 Click Here | 27 SGD ($20) |
| 🥉Exness | Yes | 👉 Click Here | 14 SGD ($10) |
| 🏆Eightcap | Yes | 👉 Click Here | 135 SGD ($100) |
| 🥇CMC Markets | Yes | 👉 Click Here | 0 SGD ($0) |
What is a Cryptocurrency Broker in Singapore?
A cryptocurrency broker account is your gateway to buying, selling, and trading digital currencies through a regulated middleman. Instead of dealing directly with complex exchanges, you use the broker’s platform, which is designed to be user-friendly and secure. With an account, you can deposit funds in traditional money, access crypto markets, and manage trades easily. It’s a simpler way for beginners and experienced traders alike to enter the world of crypto without needing advanced technical knowledge.
9 Best Cryptocurrency Brokers in Singapore (2025)
- HFM – Flexible accounts with low trading costs
- easyMarkets – Fixed spreads and guaranteed stop loss
- Capital.com – AI-driven insights and smart trading
- eToro – Social trading with popular copy features
- AvaTrade – Wide platform choice and strong regulation
- HYCM – Trusted broker with long industry history
- Exness – Ultra-low spreads and instant fund withdrawals
- Eightcap – Crypto variety with advanced MT4/MT5
- CMC Markets – Zero deposit and extensive instruments
HFM
| Minimum Deposit: $0 Regulated by: FCA, FSA, DFSA, FSCA, CMA Leverage: Up to 1:1000 |
Overview
HFM, also known as HF Markets, is a globally recognised broker offering cryptocurrency trading alongside forex, commodities, and indices. For Singaporean traders, it stands out with its competitive spreads, user-friendly platforms, and strong international regulation. While not directly regulated by the Monetary Authority of Singapore (MAS), it follows strict oversight under other respected jurisdictions, giving traders added peace of mind.
HFM supports both beginners and experienced traders with multiple account types, flexible deposit options, and educational resources. Its crypto offering includes major digital assets, making it suitable for those who want exposure to the most popular coins without needing a dedicated crypto exchange. With demo accounts, Islamic accounts, and reliable customer service, HFM remains a solid choice for traders in Singapore seeking secure and versatile cryptocurrency trading.
Unique Features
| ⌛ Regulation | Regulated by FCA, CySEC, FSCA, DFSA |
| 📱 Social Media Platforms | Active on Facebook, Instagram, LinkedIn, YouTube |
| 🫴🏻 MAS Regulation? | Not directly regulated by MAS |
| 🗂️ Trading Accounts | Micro, Premium, Zero Spread, PAMM |
| 📊 Trading Platforms | MT4, MT5, HFM App |
| 💴 Minimum Deposit in SGD | Around 7 SGD (equivalent to $5 USD) |
| 🛢️ Trading Assets | Cryptos, forex, indices, shares, commodities |
| 🗂️ SGD-based Account? | No SGD base account |
| 🫴🏻 SGD Deposits Allowed? | Yes, deposits converted to base currency |
| 🎁 Bonuses for Singaporean traders? | Promotional bonuses offered occasionally |
| ✏️ Minimum spread | From 0.0 pips on Zero account |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Very low spreads on Zero account. | HFM is Not MAS-regulated directly. |
| Wide range of account types. | No SGD as a base account. |
| Strong international regulation and reputation. | Limited selection of cryptocurrencies. |
| User-friendly mobile trading app. | Withdrawal fees may apply on certain methods. |
| Offers bonuses and promotions. | Advanced features may overwhelm beginners. |
Questions and Answers
Can Singaporeans trade crypto with HFM?
Yes, Singaporean traders can access HFM’s crypto offering. Deposits in SGD are converted, and the platform provides regulated, secure trading globally.
Is HFM good for beginners in crypto trading?
Yes, HFM offers demo accounts, simple platforms, and educational resources that make it easy for beginners in Singapore to start trading cryptocurrencies safely.
easyMarkets
 | Minimum Deposit: $25 Regulated by: CySEC, ASIC, BVI, FSA, FSCA Leverage: Up to 1:400 |
Overview
easyMarkets is a global CFD broker founded in 2001. They offer cryptocurrency CFDs (plus forex, indices, commodities, shares) via several platforms, including their proprietary platform, MT4/MT5, and TradingView. Their crypto offering features fixed spreads, guaranteed stop‑loss (no slippage), deal cancellation, and the ability to deposit crypto to trade in fiat account terms.
They are well regulated in jurisdictions like Australia, Cyprus, Seychelles, BVI, and South Africa. However, they are not regulated by Singapore’s MAS. For Singapore users, easyMarkets’ tools for risk control (fixed spreads, negative balance protection, etc.) are positives; potential downsides include currency conversion costs (if base currency isn’t SGD) and possibly higher spreads on some assets.
Unique Features
| Regulation | Regulated by ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), FSC (BVI), FSCA (South Africa). |
| Social Media Platforms | Facebook, Instagram etc.) |
| MAS Regulation? | No – easyMarkets is not licensed by Monetary Authority of Singapore. |
| Trading Accounts | Standard / Retail account types; Premium / VIP style tiers in some regions; difference in spreads and service for higher‑tier accounts. |
| Trading Platforms | Proprietary web & mobile platforms; MT4; MT5; also TradingView integration in certain jurisdictions |
| Minimum Deposit in SGD | Not clearly stated in SGD; globally minimum deposit is relatively low (e.g. USD ~$25 or equivalent) in many regions. |
| Trading Assets | Over 200 instruments: forex, commodities, metals, indices, shares, cryptocurrencies (CFDs) etc. |
| SGD‑based Account? | Not confirmed; does not appear that they offer SGD‑denominated base accounts broadly. |
| SGD Deposits Allowed? | Likely via certain payment methods or bank transfers; exact methods and fees may depend on country. Not fully clear. |
| Bonuses for Singaporean traders? | No |
| Minimum Spread | Fixed spreads; examples: on some forex or crypto pairs spreads may start around 1.8 pips |
| Demo Account | Yes, demo accounts are offered. |
| Islamic Account | Not clearly confirmed |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Fixed spreads and guaranteed stop‑loss protect against slippage and unexpected costs. | easyMarkets is not regulated by MAS → less legal protection under Singapore law. |
| Tools like dealCancellation and Freeze Rate give extra risk control. | Lack of SGD base account may mean currency conversion fees and exposure. |
| Ability to deposit crypto and trade in fiat base account simplifies using crypto holdings. | Spreads on some assets may be wide compared to specialized crypto‑exchanges / brokers. |
| Wide instrument range (200+), so diversification opportunities beyond crypto. | Some features or bonuses not clearly available to Singapore clients. |
| Regulatory oversight in multiple jurisdictions builds credibility. | Overnight / swap fees for CFDs may reduce profitability for longer‑term trades. |
Frequently asked Questions
Is my money safe with easyMarkets if I’m trading from Singapore?
Your money has some protection because easyMarkets is regulated in strong jurisdictions (ASIC, CySEC etc.), uses negative balance protection and risk control tools. But since it’s not MAS‑licensed, Singapore local protections are weaker.
Can I trade cryptocurrencies directly or only via CFDs with easyMarkets?
In Singapore (and most regions), easyMarkets offers cryptocurrency trading via CFDs, not ownership of the underlying coin. You can however deposit crypto which is converted to fiat for trading.
Capital.com
 | Minimum Deposit: $20 Regulated by: FCA, CySEC, ASIC, SCB Leverage: Up to 1:30 |
Overview
Capital.com is a fintech broker offering a wide selection of CFD instruments including cryptocurrencies, forex, stocks, indices, etc. The user interface is clean, mobile‑friendly, and they place strong emphasis on educational tools & risk‑awareness. Regulation is solid in multiple Tier‑1 authorities (UK FCA, CySEC, ASIC), though Capital.com is not licensed by the Monetary Authority of Singapore.
It does allow relatively low minimum deposit amounts, supports multiple base currencies (including SGD in some sources), and offers a free demo account. Crypto exposure is via CFDs, which means you do not usually own the underlying coin. For Singapore traders, strengths include ease of account opening, broad asset access, and trusted regulation; weaker points are lack of MAS regulation, possible currency conversion costs, and spreads/fees which vary with market conditions.
Unique Features
| Regulation | Regulated by UK FCA; CySEC (Cyprus); ASIC (Australia); SCA (UAE); SCB (Bahamas). |
| Social Media Platforms | LinkedIn, Facebook, Twitter |
| MAS Regulation? | No — Capital.com is not MAS licensed. |
| Trading Accounts | Retail / Standard CFD trading account; professional options depending on region. No special “crypto‑ownership” account (mostly CFDs). |
| Trading Platforms | Proprietary web & mobile app; also supports TradingView; some sources mention integration with MT4 / similar platforms in certain jurisdictions. |
| Minimum Deposit in SGD | The minimum deposit for SGD base or equivalent is ~ SGD 15 via certain payment methods. |
| Trading Assets (incl Crypto) | Offers 1,700‑4,500+ markets depending on region; includes currencies, commodities, indices, stocks, ETFs, cryptocurrencies (CFDs). |
| SGD‑based Account? | Yes — SGD is listed among base currency options in some sources. |
| SGD Deposits Allowed? | Likely yes: deposits in SGD through certain methods or conversion; but deposit method availability & fees depend on region. |
| Bonuses for Singaporean traders? | Not clearly documented; no strong evidence of SG‑specific bonus programs. |
| Minimum Spread | Spreads are dynamic / variable depending on instrument and market conditions. Lower‐end assets may have tighter spreads; crypto spreads tend to be wider. |
| Demo Account | es — demo (practice) account is offered and free |
| Islamic Account | Not confirmed — no reliable source shows a swap‑free |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low deposit threshold makes entry easier for small capital traders. | Not MAS‑licensed: less direct protection under Singapore laws. |
| SGD base currency supported — reduces currency conversion costs. | Crypto is CFD only — no ownership of underlying coins, no wallet. |
| Regulation by top authorities (FCA, CySEC, ASIC) gives credibility. | Spreads/overnight fees can climb in volatile markets, especially for crypto CFDs. |
| Wide asset range including crypto CFDs plus many other markets; good diversification. | Deposit methods in SGD might involve conversion or higher fees depending on bank/payment channel. |
| Free demo account to practice without risk. | No clear Islamic‑account option confirmed, so may not suit traders needing swap‑free. |
Frequently asked Questions
Can Singapore users own cryptocurrencies via Capital.com?
No. For Singapore (and in most Capital.com jurisdictions), cryptocurrencies are offered as CFDs, meaning you don’t own the underlying crypto coin or token, but speculate on its price movement.
Are there hidden fees or commissions I should watch out for with Capital.com?
Yes. While many trades have no commission, there can be fees via spread, overnight/holding costs, currency conversion fees if trading in non‑base currencies, and inactivity fees if unused for long periods.
eToro
 | Minimum Deposit: $50 Regulated by: FCA, CySEC, ASIC Leverage: Up to 1:30 |
Overview
eToro is one of the most recognised social trading platforms worldwide, famous for its copy trading feature that lets you follow and mirror professional traders. For Singaporean traders, eToro offers access to popular cryptocurrencies along with stocks, ETFs, forex, and commodities. Although it’s not regulated by the Monetary Authority of Singapore (MAS), eToro is supervised by top-tier regulators internationally, ensuring client safety and transparency.
Its biggest draw is the user-friendly platform combined with a strong social community, making trading feel less isolating. With low minimum deposits, transparent fees, and a mix of crypto and traditional assets, eToro appeals to beginners and intermediate traders looking for simplicity and social learning. For Singaporeans wanting to trade crypto while learning from others, eToro provides an interactive, modern solution.
Unique Features
| ⌛ Regulation | FCA, CySEC, ASIC |
| 📱 Social Media Platforms | Facebook, Instagram, Twitter, YouTube, TikTok |
| 🫴🏻 MAS Regulation? | Not directly regulated by MAS |
| 🗂️ Trading Accounts | Single multi-asset account |
| 📊 Trading Platforms | Proprietary eToro platform (web + app) |
| 💴 Minimum Deposit in SGD | About 135 SGD (equivalent to $100 USD) |
| 🛢️ Trading Assets | Cryptos, forex, stocks, ETFs, indices, commodities |
| 🗂️ SGD-based Account? | No SGD base account |
| 🫴🏻 SGD Deposits Allowed? | Yes, converted to USD |
| 🎁 Bonuses for Singaporean traders? | No bonuses, focus on transparency |
| ✏️ Minimum spread | From 1 pip variable |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes, swap-free available |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Copy trading helps beginners learn faster. | eToro is not MAS-regulated. |
| User-friendly platform with strong social features. | No SGD as base account. |
| Wide variety of crypto and assets. | Higher spreads on some assets. |
| Transparent fee structure. | Limited advanced charting tools. |
| Low entry barrier for deposits. | No bonus promotions. |
Frequently asked Questions
Is eToro good for crypto beginners in Singapore?
Yes, eToro’s copy trading feature and social community make it ideal for newcomers who want to learn while trading popular cryptocurrencies.
Can I hold crypto in a wallet with eToro?
Yes, eToro offers a crypto wallet for storing digital assets, though many traders use CFDs for price speculation instead.
AvaTrade
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Leverage: Up to 1:400 |
Overview
AvaTrade is a globally trusted broker that provides access to cryptocurrencies alongside forex, stocks, indices, and commodities. For Singaporean traders, AvaTrade stands out for its wide crypto CFD range, competitive spreads, and highly regulated status under multiple international authorities. While it’s not directly licensed by the Monetary Authority of Singapore (MAS), AvaTrade’s global regulation gives traders confidence in its reliability.
Its platforms include MT4, MT5, and AvaTradeGO, offering flexibility for both beginners and advanced traders. The broker also provides educational tools and risk management features, helping traders learn while staying protected. With a low minimum deposit and swap-free accounts available, AvaTrade is a solid choice for Singaporeans who want secure, versatile, and user-friendly crypto trading opportunities.
Unique Features
| Feature | Details |
| Unique features | AvaTradeGO app, fixed & floating spreads, broad crypto CFD range |
| ⌛ Regulation | Central Bank of Ireland, ASIC, FSA, FSCA |
| 📱 Social Media Platforms | Facebook, Instagram, YouTube, LinkedIn, Twitter |
| 🫴🏻 MAS Regulation? | Not directly regulated by MAS |
| 🗂️ Trading Accounts | Standard, Professional, Islamic |
| 📊 Trading Platforms | MT4, MT5, AvaTradeGO, WebTrader |
| 💴 Minimum Deposit in SGD | About 135 SGD (equivalent to $100 USD) |
| 🛢️ Trading Assets | Cryptos, forex, stocks, indices, ETFs, commodities |
| 🗂️ SGD-based Account? | No SGD base account |
| 🫴🏻 SGD Deposits Allowed? | Yes, converted to USD/EUR |
| 🎁 Bonuses for Singaporean traders? | Promotions offered occasionally |
| ✏️ Minimum spread | From 0.9 pips |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | ✅ Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Wide selection of crypto CFDs. | Avatrade is not MAS-regulated. |
| Strong global regulation and reputation. | No SGD as base account. |
| Multiple trading platforms, including mobile app. | CFDs only, no real crypto ownership. |
| Competitive spreads from 0.9 pips. | Bonuses not always consistent. |
| Offers swap-free Islamic accounts. | Advanced tools may overwhelm beginners. |
Frequently asked Questions
Does AvaTrade offer crypto trading in Singapore?
Yes, AvaTrade provides crypto CFDs for Singaporeans, allowing you to trade Bitcoin, Ethereum, and many altcoins without owning the underlying assets.
Is AvaTrade safe for Singaporean traders?
Yes, AvaTrade is regulated by top global authorities and uses strong security measures, making it a safe option for crypto trading.
HYCM
 | Minimum Deposit: $20 Regulated by: FCA Leverage: Up to 1:500 |
Overview
HYCM (Henyep Markets) is a long-standing broker with over 40 years of industry experience, offering a secure environment for trading cryptocurrencies, forex, commodities, and indices. For Singaporean traders, HYCM combines tradition with modern technology by providing access to popular crypto CFDs like Bitcoin and Ethereum on MT4 and MT5 platforms. Although not directly licensed by the Monetary Authority of Singapore (MAS), it is regulated by reputable global authorities, ensuring safety and transparency.
HYCM’s account types cater to different trading needs, from beginners who prefer fixed spreads to advanced traders who want raw spreads with commissions. With educational tools, demo accounts, and swap-free Islamic options, HYCM provides a balanced mix of reliability and flexibility. For Singaporeans seeking a regulated broker with a history of trust and a steady approach to crypto trading, HYCM is a dependable option.
Unique Features
| ⌛ Regulation | FCA, CySEC, CIMA, DFSA |
| 📱 Social Media Platforms | Facebook, Twitter, LinkedIn, Instagram, YouTube |
| 🫴🏻 MAS Regulation? | Not directly regulated by MAS |
| 🗂️ Trading Accounts | Fixed, Classic, Raw |
| 📊 Trading Platforms | MT4, MT5 |
| 💴 Minimum Deposit in SGD | About 135 SGD (equivalent to $100 USD) |
| 🛢️ Trading Assets | Cryptos, forex, indices, commodities, shares |
| 🗂️ SGD-based Account? | No SGD base account |
| 🫴🏻 SGD Deposits Allowed? | Yes, converted to base currencies |
| 🎁 Bonuses for Singaporean traders? | Promotions available |
| ✏️ Minimum spread | From 0.1 pips (Raw account) |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Long-established and trusted broker. | HYCM is not MAS-regulated. |
| Flexible account types for all levels. | Limited crypto range. |
| Competitive spreads on Raw account. | No SGD as a base account. |
| Strong international regulation. | Bonuses vary by region. |
| Supports Islamic trading. | Advanced accounts may require higher deposits. |
Frequently asked Questions
Does HYCM allow Singapore traders to trade crypto?
Yes, HYCM offers crypto CFDs like Bitcoin and Ethereum for Singaporean traders, with deposits in SGD accepted and converted automatically.
Is HYCM beginner-friendly?
Yes, HYCM offers fixed spread accounts, demo trading, and education, making it suitable for beginners who want a safer learning environment.
Exness
 | Minimum Deposit: $10 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Leverage: Up to 1:2000 |
Overview
Exness is a fast-growing broker known for its transparency, tight spreads, and instant withdrawal system. For Singaporean traders, it offers cryptocurrency CFDs alongside forex, indices, and commodities. Exness is regulated by several respected global authorities but is not directly licensed by the Monetary Authority of Singapore (MAS). Its key strengths are ultra-low spreads, unlimited leverage (for qualified clients), and a simple account setup process.
The broker also supports local payment options, making SGD deposits convenient with automatic conversion. With MT4, MT5, and its own Exness Trader app, it appeals to both beginners and advanced traders. Exness is especially attractive to Singaporeans who value fast deposits and withdrawals, competitive trading conditions, and flexible account options. Its focus on transparency and reliable execution makes it a strong choice for traders looking to access crypto markets efficiently.
Unique Features
| ⌛ Regulation | FCA, CySEC, FSCA, FSC |
| 📱 Social Media Platforms | Facebook, Instagram, YouTube, LinkedIn, Twitter |
| 🫴🏻 MAS Regulation? | Not directly regulated by MAS |
| 🗂️ Trading Accounts | Standard, Standard Cent, Pro, Raw Spread, Zero |
| 📊 Trading Platforms | MT4, MT5, Exness Trader App |
| 💴 Minimum Deposit in SGD | About 14 SGD (equivalent to $10 USD) |
| 🛢️ Trading Assets | Cryptos, forex, indices, commodities, stocks |
| 🗂️ SGD-based Account? | No SGD base account |
| 🫴🏻 SGD Deposits Allowed? | Yes, converted to base currency |
| 🎁 Bonuses for Singaporean traders? | No bonuses, focus on conditions |
| ✏️ Minimum spread | From 0.0 pips (Raw account) |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Extremely low spreads. | Not MAS-regulated. |
| Instant withdrawals 24/7. | No SGD base account. |
| Wide choice of account types. | No bonus promotions. |
| Supports micro/cent accounts for beginners. | Unlimited leverage may tempt overtrading. |
| Reliable MT4/MT5 platforms. | Limited educational resources. |
Frequently asked Questions
What makes Exness popular with Singaporean traders?
Its ultra-low spreads, instant withdrawals, and flexible account options make Exness a top pick for traders seeking efficiency and cost-effectiveness.
Can beginners use Exness for crypto trading?
Yes, the Standard Cent account is ideal for beginners, letting them trade with very small amounts while learning how the market works.
Eightcap
 | Minimum Deposit: $100 Regulated by: ASIC, FCA, CySEC, SCB Leverage: Up to 1:500 |
Overview
Eightcap is an Australian-based broker that has gained attention in Singapore for its strong focus on cryptocurrency trading. Unlike many competitors, Eightcap offers a large selection of crypto CFDs—more than 100 pairs, including popular coins and altcoins. It is regulated by top-tier authorities, ensuring a safe trading environment, though it is not directly licensed by MAS. Singaporean traders can use MT4, MT5, and TradingView integration, giving flexibility in strategy and charting tools.
Deposits in SGD are allowed, with automatic currency conversion to the base account currency. The broker is best suited for traders who want to specialize in crypto, enjoy competitive spreads, and use advanced charting platforms. While it does not provide bonuses or SGD accounts, its crypto range and trading technology make it an appealing option for those in Singapore looking to focus on digital assets.
Unique Features
| 🔍Feature | ℹ️ Information |
| ⌛ Regulation | ASIC, SCB |
| 📱 Social Media Platforms | Twitter, Facebook, Instagram, YouTube, LinkedIn |
| 🫴🏻 MAS Regulation? | Not MAS-regulated |
| 🗂️ Trading Accounts | Standard, Raw |
| 📊 Trading Platforms | MT4, MT5, TradingView |
| 💴 Minimum Deposit in SGD | About 135 SGD (equivalent to $100 USD) |
| 🛢️ Trading Assets | Cryptos, forex, indices, commodities, shares |
| 🗂️ SGD-based Account? | No SGD account |
| 🫴🏻 SGD Deposits Allowed? | Yes, converted automatically |
| 🎁 Bonuses for Singaporean traders? | No bonuses |
| ✏️ Minimum spread | From 0.0 pips (Raw account) |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | No Islamic account |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Huge crypto CFD selection. | Not MAS-regulated. |
| TradingView platform integration. | No SGD base currency. |
| Competitive raw spreads. | No Islamic account option. |
| Good range of trading assets. | Higher minimum deposit than some brokers. |
| Regulated by ASIC and SCB. | No welcome bonuses. |
Frequently asked Questions
Why choose Eightcap for crypto trading?
Because of its massive crypto CFD offering and TradingView integration, it’s ideal for Singaporeans who want variety and advanced charting.
Can I fund my Eightcap account in SGD?
Yes, SGD deposits are accepted but automatically converted to the account’s base currency, usually USD or AUD.
CMC Markets
 | Minimum Deposit: $0 Regulated by: FCA, ASIC, MAS, FMA, IIROC Leverage: Up to 1:30 |
Overview
CMC Markets is one of the oldest and most trusted brokers in the world, well-known in Singapore for its strong reputation and reliability. Established in 1989, it is publicly listed on the London Stock Exchange and regulated by multiple top-tier authorities. Singaporean traders benefit from its wide range of over 300 crypto CFDs, forex pairs, shares, commodities, and indices.
The Next Generation platform, along with MT4, provides advanced tools, charting, and risk management features. Although CMC Markets is not directly regulated by MAS, it is overseen by globally respected regulators, making it a safe option. It doesn’t offer SGD-based accounts, but deposits in SGD are allowed and converted. The broker stands out for its transparency, low spreads, and long-standing presence in the market, making it a reliable choice for Singaporeans seeking a trustworthy and feature-rich trading environment.
Unique Features
| ⌛ Regulation | FCA, ASIC |
| 📱 Social Media Platforms | Twitter, Facebook, Instagram, LinkedIn, YouTube |
| 🫴🏻 MAS Regulation? | Not MAS-regulated |
| 🗂️ Trading Accounts | Standard, Corporate |
| 📊 Trading Platforms | Next Generation, MT4 |
| 💴 Minimum Deposit in SGD | No set minimum deposit |
| 🛢️ Trading Assets | Cryptos, forex, shares, commodities, indices |
| 🗂️ SGD-based Account? | No SGD account |
| 🫴🏻 SGD Deposits Allowed? | Yes, converted automatically |
| 🎁 Bonuses for Singaporean traders? | No bonuses |
| ✏️ Minimum spread | From 0.3 pips |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | No Islamic account |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Singaporeans can register an SGD-denominated account | Doesn’t support crypto payments for deposits or withdrawals |
| No set minimum deposit requirement | Wide spreads on crypto |
| Offers a decent range of proprietary and third-party apps and platforms | Limited retail accounts |
Frequently asked Questions
Is CMC Markets safe for Singaporeans?
Yes. Although not MAS-regulated, it is overseen by FCA and ASIC and has decades of strong reputation globally.
What platforms can I use with CMC Markets?
You can trade on their proprietary Next Generation platform or MT4, both offering advanced charting, research, and risk management tools.
How To Choose Cryptocurrency Brokers in Singapore
Choosing the right cryptocurrency broker in Singapore is a vital first step for anyone looking to invest or trade digital assets. With so many platforms available, it can feel overwhelming to know which broker is trustworthy, affordable, and suited to your goals. The right broker ensures secure trading, access to top coins, and transparent fees. By following a step-by-step approach, Singapore traders can confidently select a broker that matches their risk appetite, trading style, and budget, while safeguarding their investments.
Step 1: Check Regulation and Licensing
Ensure the broker is regulated by trusted authorities such as the Monetary Authority of Singapore (MAS). A licensed broker follows strict compliance, offering protection against scams and fraud. Regulation also guarantees fair trading practices and proper handling of client funds. By prioritising regulated brokers, traders can enjoy peace of mind and focus on their strategy instead of worrying about hidden risks or untrustworthy platforms.
Step 2: Compare Fees and Spreads
Look beyond flashy marketing and check the real cost of trading. Every broker charges fees—through spreads, commissions, or transaction costs. High fees can quickly eat into profits, especially for active traders. Choose a broker with transparent pricing that fits your trading volume and style. Low-cost options are attractive, but always balance affordability with the broker’s overall service quality and security.
Step 3: Review Trading Platforms and Tools
A broker’s platform should feel user-friendly, fast, and reliable. Look for features like real-time charts, technical analysis tools, and smooth order execution. For beginners, a clean and simple interface is key, while experienced traders may need advanced features. Mobile apps are also important for trading on the go. The right platform empowers you to make smarter, quicker decisions, ensuring your trading experience is smooth and efficient.
Step 4: Asses Asset Variety
Not all brokers offer the same cryptocurrencies. Some provide only major coins like Bitcoin and Ethereum, while others include altcoins, stablecoins, and DeFi tokens. More variety allows you to diversify and take advantage of new market opportunities. Make sure the broker supports the assets you are most interested in, whether you want to hold established coins long-term or explore smaller, high-growth projects.
Step 5: Evaluate Customer Support
Good customer service can make a huge difference, especially when dealing with money. Look for brokers offering 24/7 support via live chat, email, or phone. Test their responsiveness by asking questions before signing up. Helpful, fast, and knowledgeable support is a strong sign that the broker values its clients. In the fast-moving world of crypto, quick assistance can prevent small issues from turning into big problems.
Advantages and Disadvantages
| ✅ Advantages | ❌ Disadvantages |
| Regulated brokers in Singapore provide strong investor protection, ensuring funds remain safe and trading practices are transparent and trustworthy. | High trading fees and spreads can reduce profits, especially for active traders who rely on making many small, frequent trades. |
| Many brokers offer beginner-friendly platforms with simple interfaces, making it easier for newcomers to start their crypto trading journey confidently. | Limited selection of altcoins with some brokers may restrict traders from exploring niche tokens or new growth opportunities in crypto markets. |
| Brokers provide access to a wide variety of cryptocurrencies, giving traders more flexibility to diversify and explore different investment opportunities. | Dependence on broker platforms creates vulnerability if systems go down during peak trading times, potentially missing profitable buy or sell opportunities. |
| Customer support is often responsive and reliable, helping traders solve problems quickly without feeling lost in the fast-moving crypto market. | Some brokers require higher minimum deposits, making it harder for small retail traders in Singapore to start with limited investment budgets. |
| Some brokers allow multiple payment options, including local bank transfers, making deposits and withdrawals convenient for Singapore traders managing funds. | Regulations can limit access to certain high-risk coins or products, reducing flexibility for traders seeking exposure to broader global markets. |
Conclusion
Copy trading in Singapore offers a practical way for beginners to step into the crypto or forex markets with confidence. By following the strategies of experienced traders, newcomers can learn faster while potentially earning along the way. It’s not risk-free, but with proper research, regulation checks, and risk management, copy trading can be a valuable tool. For many Singapore traders, it bridges the gap between learning and growing wealth in a supportive environment.
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Frequently Asked Questions
Is it legal to trade cryptocurrency in Singapore?
Yes, cryptocurrency trading is permitted in Singapore, with clear guidelines established by the Monetary Authority of Singapore (MAS) to ensure compliance with AML and CTF safeguards.
Can I trade cryptocurrencies around the clock in Singapore?
Yes, the cryptocurrency market is open 24/7, and several brokers provide round-the-clock trading options. However, certain platforms might restrict trading hours for specific assets.
What is the difference between trading cryptocurrencies directly and using CFDs?
Trading cryptocurrencies directly requires you to possess the underlying asset, whereas CFDs allow you to speculate on price swings without ownership. CFDs provide leverage; however, they are riskier due to increased losses.
Are there any MAS-regulated brokers in Singapore that sell cryptocurrency CFDs?
Yes, some well-established brokers registered by the Monetary Authority of Singapore (MAS) provide crypto CFD trading alongside Forex and other assets.
Are cryptocurrency brokers in Singapore regulated?
Yes, many are regulated under the Monetary Authority of Singapore (MAS). Regulation Like ASIC and FCA ensures your funds are protected and the broker follows strict compliance rules. Always check if a broker is MAS-licensed before opening an account. It’s the safest way to avoid scams or unreliable platforms.
Do brokers offer all cryptocurrencies?
Not all brokers offer every coin. Most include big names like Bitcoin and Ethereum, but fewer provide access to altcoins or DeFi tokens. If you want to diversify into lesser-known projects, pick a broker with a wide asset range that matches your investment interests.
How safe is trading with a crypto broker?
Safety depends on regulation, security measures, and your practices. Regulated brokers use encryption, segregated accounts, and two-factor authentication. Still, traders should safeguard passwords and avoid overexposing funds. No platform is risk-free, but choosing regulated brokers with strong security gives you far more protection and peace of mind.
Are fees high with cryptocurrency brokers?
Fees differ. Some brokers charge spreads, commissions, or withdrawal fees. High fees can impact profits, especially for active traders. Always compare brokers’ pricing and read the fine print. Transparent, competitive fees are a good sign of a trustworthy broker that values long-term relationships over hidden charges.
Can beginners trade with crypto brokers?
Yes, most brokers in Singapore are beginner-friendly. They offer simple platforms, demo accounts, and educational resources to help newcomers learn step by step. Beginners should start small, use practice accounts, and focus on understanding risks before trading with real money. Patience and learning matter more than rushing in.
What are the risks of using brokers?
The biggest risks include market volatility, high fees, and platform downtime. With unregulated brokers, there’s also the danger of scams or lost funds. To manage risks, stick to regulated brokers, trade with money you can afford to lose, and never chase quick profits blindly.
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