The 8 Best Swap-Free Account Brokers in Singapore revealed. For Singaporean traders looking for the finest swap-free account brokers, our research team has compiled a list of top options based on rigorous evaluations.
We reviewed each broker’s conditions, platforms, and overall Swap-Free account features to guarantee they met the highest standards. In this in-depth guide, you’ll learn about the following:
- What is a Swap-Free Account, and Who Can Use It?
- The 8 Best Swap-Free Account Brokers in Singapore
- Importance of Swap-Free Accounts for Singaporean Traders
- Our Conclusion on the 8 Best Swap-Free Account Brokers in Singapore
- Popular FAQs about the 8 Best Swap-Free Account Brokers in Singapore
And lots more…
So, if you’re ready to go “all in” with the 8 Best Swap-Free Account Brokers in Singapore…
Let’s dive right in…
- Candice Barnes
10 Best Forex Brokers in Singapore
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a Swap-Free Account, and Who Can Use It?
In Singapore’s forex trading scene, swap-free accounts have emerged as a distinct option tailored to a specific market segment.
According to our research, these accounts, commonly referred to as Islamic accounts, are specifically tailored to adhere to Sharia law.
As a result, they eliminate the customary swap or rollover fees typically associated with overnight positions. Traders with religious or ethical concerns about participating in interest-bearing transactions may find them a suitable alternative.
In Singapore’s multicultural society, swap-free accounts have gained popularity among the Muslim community and individuals looking for alternative trading structures.
We believe long-term traders could find the lack of swap fees particularly appealing, as it can greatly decrease the expenses associated with holding positions for extended periods.
Moreover, these accounts frequently offer clear and predictable fee structures, which can benefit traders as they strategize and manage their finances. We must mention that although rooted in Islamic finance principles, swap-free accounts are not restricted to Muslim traders alone.
Accessible to all in Singapore (depending on the broker’s terms and conditions), these services reflect the city-state’s commitment to offering a wide range of financial options that are inclusive and available to everyone.
Potential users need to be aware that while swap fees are waived, other charges may still be in place to cover the broker’s operational costs.
We urge Singaporean traders to carefully examine the terms and conditions of brokers offering swap-free accounts to ensure they align with your specific trading objectives and financial preferences.
8 Best Swap-Free Account Brokers in Singapore – Comparison
| 🔍Broker | 🫴🏻Swap-Free Account | 🚀Open an Account | 💵Minimum Deposit | ⬆️Maximum Leverage |
| 🥇Tickmill | ✅ Yes | 👉 Click Here | 135 SGD (100 USD) | 1:1000 |
| 🥈FxPro | ✅ Yes | 👉 Click Here | 135 SGD (100 USD) | 1:500 |
| 🥉AvaTrade | ✅ Yes | 👉 Click Here | 135 SGD (100 USD) | 1:30 (Retail), 1:400 (Pro) |
| 🏆IC Markets | ✅ Yes | 👉 Click Here | 270 SGD (200 USD) | 1:1000 |
| 🥇FP Markets | ✅ Yes | 👉 Click Here | 90 SGD (100 AUD) | 1:500 |
| 🥈FXTM | ✅ Yes | 👉 Click Here | 14 SGD (10 USD) | 1:2000 |
| 🥉Exness | ✅ Yes | 👉 Click Here | 14 SGD (10 USD) | 1:Unlimited |
| 🏆HFM | ✅ Yes | 👉 Click Here | 0 SGD (0 USD) | 1:2000 |
8 Best Swap-Free Account Brokers in Singapore (2024)
- ☑️Tickmill – Overall, The Best Swap-Free Account Broker in Singapore
- ☑️FxPro – Best Low Spreads
- ☑️AvaTrade – Best CFD Broker
- ☑️IC Markets – Best MT5 Broker
- ☑️FP Markets – Best Forex Partners Program
- ☑️FXTM – Exceptional Customer Service
- ☑️Exness – Best Multi-Asset Broker
- ☑️HFM – Best Trading Accounts
Tickmill
Tickmill’s swap-free accounts offer a unique opportunity for Singaporean traders looking to align with Islamic finance principles or simply explore different trading formats. By eliminating overnight interest, Tickmill promotes ethical trading methods that are popular in the region.
This swap-free alternative is seamlessly integrated across all account types and does not impact Tickmill’s attractive spreads, which start at 0.0 pips.
Overall Rating
- 4.9/5
Min Deposit
135 SGD ($100)
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill App
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
We appreciate their clear approach, which includes a simple pricing structure that replaces swap fees with a flat commission, fostering fairness and clarity in trading expenses.
Furthermore, we found that Tickmill goes above regulatory standards to provide a platform for traders to participate in markets while maintaining their personal values.
Unique Features
| ⌛Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | Classic, Raw |
| 🗂️Account Types Eligible for Islamic | All |
| ➡️Starting spread | From 0.0 pips |
| 💴Minimum Commission per Trade | $1 per side, per standard lot traded |
| 💵Minimum Deposit | 135 SGD (100 USD) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, CQG, Tickmill App |
| 🛢️Financial Instruments Offered | Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, ETFs |
| ⬆️Maximum Leverage | 1:1000 |
| 🫴🏻Currency Pairs | 62, major, minor, and exotic pairs |
| 🕰️Customer Support Hours | 24/5 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Industry-standard minimum deposit | Admin fees might apply on overnight positions after a few days |
| There is a wide range of instruments that can be traded | Maximum leverage might be too high for newbie traders |
| Traders can expect a transparent trading environment | Crypto instruments might be restricted on the Swap-Free account |
| There are competitive spreads charged on the Islamic account | Customer support is not available 24/7 |
FxPro
FxPro’s swap-free accounts demonstrate the company’s dedication to inclusion. While these accounts are designed to meet the demands of the Muslim community, they are also available to any Singaporean trader who values transparent fees.
The option is accessible for all account types, allowing consistent access to narrow spreads starting at 0.0 pips without worrying about overnight swap fees. According to our research, FxPro’s adherence to worldwide rules, such as the FCA and CySEC, boosts Singaporean traders’ confidence.
Overall Rating
- 4.9/5
Min Deposit
135 SGD / 100 USD
Regulators
FCA, CySEC, SCB, FSCA, FSC
Trading Desk
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
27
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Furthermore, we saw how FxPro successfully maintains the quality and breadth of its services even in a swap-free environment, offering access to various platforms and financial products.
Unique Features
| ⌛Regulation | FCA, CySEC, SCB, FSCA, FSC |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | Standard, Pro, Raw+, ECN |
| 🗂️Account Types Eligible for Islamic | All |
| ➡️Starting spread | 0.0 pips |
| 💴Minimum Commission per Trade | $7 Round turn on Forex |
| 💵Minimum Deposit | 135 SGD (100 USD) |
| 📊Trading Platforms | FxPro Platform, MetaTrader 4, MetaTrader 5, cTrader, FxPro App |
| 🛢️Financial Instruments Offered | Forex, futures, indices, shares, metals, energies, crypto CFDs |
| ⬆️Maximum Leverage | 1:500 |
| 🫴🏻Currency Pairs | 70; major, minor, exotic pairs |
| 🕰️Customer Support Hours | 24/5 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Well-regulated by entities like the FCA, FSCA, and CySEC, ensuring client fund security | The minimum commission per trade can be expensive for frequent traders |
| Traders can access various trading platforms across devices | Starting spreads on emerging markets can be wide |
| There is a decent portfolio of tradable instruments | The platform option can be overwhelming to some traders |
AvaTrade
AvaTrade’s swap-free product complements Singapore’s multicultural landscape. Their commitment to Islamic financial principles is evident in their offering of swap-free accounts at both the retail and professional levels.
Traders in Singapore can experiment with various instruments, from standard forex to the exciting world of cryptocurrency CFDs, without incurring swap fees.
Overall Rating
- 4.9/5
Min Deposit
135 SGD (100 USD)
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
51
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
AvaTrade’s commitment to regulatory compliance, overseen by several agencies, contributes to a secure trading environment. We found AvaTrade’s combination of ethical trading methods and a strong infrastructure especially appealing for traders looking for swap-free choices.
Unique Features
| ⌛Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | Retail Account |
| 🗂️Account Types Eligible for Islamic | Retail Account, Professional Account |
| ➡️Starting spread | 0.9 pips EUR/USD |
| 💴Minimum Commission per Trade | None; only the spread is charged |
| 💵Minimum Deposit | 135 SGD (100 USD) |
| 📊Trading Platforms | AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade |
| 🛢️Financial Instruments Offered | Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, CFDs |
| ⬆️Maximum Leverage | 1:30 (Retail), 1:400 (Pro) |
| 🫴🏻Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🕰️Customer Support Hours | 24/5 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Swap-Free accounts available for retail and Pro | The minimum spread is higher than those charged by rival brokers |
| Offers several halal instruments across platforms | Long-term and inactive traders face expensive inactivity fees |
| The trading platforms are feature-rich and user-friendly | Limited leverage on the retail account |
IC Markets
IC Markets offers a swap-free account option that responds to the different needs of Singapore traders. By establishing a strong regulatory environment and committing to transparency, they provide swap-free trading without surrendering technological advantages.
According to our knowledge, their portfolio includes innovative trading platforms and a diverse range of financial instruments, all with cheap spreads and no overnight costs.
Overall Rating
- 4.9/5
Min Deposit
270 SGD (200 USD)
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MT4, MT5, cTrader, IC Social, Signal Start, ZuluTrade
Crypto
Yes
Total Pairs
64+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
We were also extremely impressed with IC Markets’ ability to successfully balance the desire for swap-free accounts with the necessity for sophisticated trading tools and resources.
Unique Features
| ⌛Regulation | ASIC, CySEC, FSA, SCB |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | cTrader, Raw Spread, Standard |
| 🗂️Account Types Eligible for Islamic | All |
| ➡️Starting spread | 0.0 pips |
| 💴Minimum Commission per Trade | $7 per round turn |
| 💵Minimum Deposit | 270 SGD (200 USD) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade |
| 🛢️Financial Instruments Offered | Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, Futures |
| ⬆️Maximum Leverage | 1:1000 |
| 🫴🏻Currency Pairs | 64+; major, minor, and exotic pairs |
| 🕰️Customer Support Hours | 24/7 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| True ECN broker with razor-thin spreads | High minimum deposit compared to other brokers |
| Well-regulated broker with multiple licenses | Not regulated in Singapore |
FP Markets
FP Markets takes a personalized approach to swap-free trading, ensuring consistency with individual values and tactics in Singapore.
Their swap-free accounts offer the same competitive conditions as their standard accounts, such as narrow spreads starting at 0.0 pips and access to various platforms.
Overall Rating
- 4.9/5
Min Deposit
90 SGD (AU$100)
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MT4, MT5, IRESS, cTrader, FP Markets App
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, we appreciate FP Markets’ commitment to inclusivity and ethical trading in developing a swap-free solution that does not restrict market access or degrade the overall trading experience.
Unique Features
| ⌛Regulation | ASIC, CySEC, FSCA, FSA, FSC |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | Standard, Raw, Islamic Standard, Islamic Raw |
| 🗂️Account Types Eligible for Islamic | Islamic Standard, Islamic Raw |
| ➡️Starting spread | From 0.0 pips |
| 💴Minimum Commission per Trade | US$3 per side |
| 💵Minimum Deposit | 90 SGD (100 AUD) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, IRESS, cTrader, FP Markets App |
| 🛢️Financial Instruments Offered | Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, Bonds |
| ⬆️Maximum Leverage | 1:500 |
| 🫴🏻Currency Pairs | Major, Minor, Exotic |
| 🕰️Customer Support Hours | 24/7 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Swap-free accounts have competitive spreads | Traders might be limited on the leverage they can use with the Swap-Free Account |
| There’s 24/7 customer support across channels | The IRESS platform can be complex for newbie traders |
FXTM
In our experience, FXTM’s swap-free accounts demonstrate their knowledge of Singapore’s diversified trading community. FXTM, which emphasizes flexibility and a large selection of products, guarantees that traders looking for swap-free options do not miss out on prospective opportunities.
Their competitive spreads and tiered commission structure suit both high-volume and casual traders. We must also highlight FXTM’s commitment to meeting various trading needs while complying with Islamic financial norms.
Overall Rating
- 4.9/5
Min Deposit
14 SGD (10 USD)
Regulators
CySEC, FSCA, FCA, CMA, FSC Mauritius
Trading Desk
MT4, MT5, FXTM Trader
Crypto
Yes
Total Pairs
60
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
This technique makes their platform viable for people who want a swap-free experience without sacrificing trading potential.
Unique Features
| ⌛Regulation | CySEC, FSCA, FCA, CMA, FSC Mauritius |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | Advantage, Advantage Plus |
| 🗂️Account Types Eligible for Islamic | All |
| ➡️Starting spread | From 0.0 pips |
| 💴Minimum Commission per Trade | Between $0.40 and $2, depending on trading volume |
| 💵Minimum Deposit | 14 SGD (10 USD) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 🛢️Financial Instruments Offered | Forex, Forex Indices, Spot Metals, CFD Kenya Stocks, Kenya Stocks, CFD US Stocks, US Stocks, Hong Kong Stocks, CFD EU Stocks, Spot Commodities, Spot Indices, Stock Baskets, Crypto CFDs |
| ⬆️Maximum Leverage | 1:2000 |
| 🫴🏻Currency Pairs | 60; major, minor, exotic pairs |
| 🕰️Customer Support Hours | 24/5 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| There is an affordable and tiered commission structure | Withdrawal fees might apply |
| There is a range of educational materials offered | High leverage increases the risk of significant monetary loss in volatile markets |
| The swap-free accounts have access to a range of instruments, allowing for portfolio diversification | Diverse product offering, but not as extensive as rivals |
| Spreads start from 0.0 pips | Limited retail accounts offered |
Exness
Exness provides a full swap-free trading solution targeted to the Singapore market. Their client-centric approach is shown in the competitive terms of their swap-free accounts, which include tight spreads and low minimum commission.
The broker’s regulated structure and varied selection of financial products make it an appropriate choice for traders looking into swap-free options.
Overall Rating
- 4.9/5
Min Deposit
14 SGD / 10 USD
Regulators
FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
120+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
We must applaud Exness for creating a swap-free environment without imposing additional restrictions on the trading experience. We believe this strategy allows traders to navigate the markets while remaining true to their tastes freely.
Unique Features
| ⌛Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | Standard, Standard Cent, Raw Spread, Zero, Pro |
| 🗂️Account Types Eligible for Islamic | Standard Swap-Free, Extended Swap-Free |
| ➡️Starting spread | 0.0 pips EUR/USD |
| 💴Minimum Commission per Trade | From $0.1 per side, per lot |
| 💵Minimum Deposit | 14 SGD (10 USD) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App |
| 🛢️Financial Instruments Offered | Forex, Commodities, Stocks, Indices, Cryptocurrencies |
| ⬆️Maximum Leverage | 1:Unlimited |
| 🫴🏻Currency Pairs | 100+; major, minor, exotics |
| 🕰️Customer Support Hours | 24/7 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers a unique “Extended” Swap-Free option | Unlimited leverage can be detrimental to account equity |
| Traders can expect zero-pip spreads and low commission fees | Exness has a smaller portfolio of tradable instruments |
| Traders can open multi-currency accounts, including SGD | Not regulated in Singapore |
| Exness offers 24/7 customer support | Limited deposit and withdrawal options |
HFM
HFM embraces swap-free trading with a thorough awareness of Singaporean traders’ requirements. Their offering of various varieties of swap-free accounts displays a commitment to accessibility and ethical trading methods.
According to our research, with competitive spreads and diverse financial instruments, HFM ensures that traders who choose swap-free accounts are not limited in their trading activities.
Overall Rating
- 4.9/5
Min Deposit
0 SGD / 0 USD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
53
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
We believe that Singaporeans will value HFM’s commitment to integrating swap-free trading into a larger, more inclusive ecosystem that serves a global audience. This strategy promotes ethical trading principles while preserving the diversity and accessibility that current traders value.
Unique Features
| ⌛Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| ☪️Islamic Account | ✅ Yes |
| ✏️Retail Investor Accounts | Cent, Premium, Zero, Pro, Pro Plus |
| 🗂️Account Types Eligible for Islamic | Premium, Zero, Pro, Pro Plus |
| ➡️Starting spread | 0.0 pips |
| 💴Minimum Commission per Trade | From $6 per round turn on Forex |
| 💵Minimum Deposit | 0 SGD (0 USD) |
| 🗂️Trading Platforms | MetaTrader 4, MetaTrader 5, HF App |
| 🛢️Financial Instruments Offered | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, ETFs |
| ⬆️Maximum Leverage | 1:2000 |
| 🫴🏻Currency Pairs | 53+; major, minor, exotic pairs |
| 🕰️Customer Support Hours | 24/5 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Several account types can be converted to a Swap-Free option | HFM doesn’t offer SGD-denominated accounts, local deposits, or withdrawals in SGD |
| Offers leverage of 1:2000 on forex major pairs | The account structure can be complex for novices |
Importance of Swap-Free Accounts for Singaporean Traders
Singapore’s financial landscape is incredibly diverse, mirroring the diversity of its population. One notable feature that has gained attention is the availability of swap-free accounts.
These accounts have carved out a distinct niche in the city-state by catering to diverse cultural and financial requirements, all while avoiding overnight interest charges. Our team has thoroughly researched this topic and is excited to share our valuable insights.
Respecting Ethical and Religious Practices
Per our research, Singapore boasts a diverse cultural landscape, with a notable presence of traders who adhere to religious principles that forbid collecting or paying interest, such as those in Islamic finance.
Swap-free accounts offer a solution that promotes inclusivity, allowing individuals to engage in the financial markets while staying true to their values. It is truly remarkable how the financial sector can successfully meet a wide range of needs while upholding the market’s integrity.
Long-Term Trading Strategies: A New Perspective
Swap-free accounts offer a new perspective for traders who prefer long-term strategies. These accounts offer the advantage of not having rollover fees, allowing you to keep positions open longer.
We found this particularly useful in markets that require patience and a longer time frame to potentially see profits.
This strategic move effectively eliminates a major cost factor, enabling traders to concentrate on their investment goals without the constant burden of accumulating interest charges.
Transparent Costs: Empowering Traders
Financial transparency is crucial in any trading endeavor, and swap-free accounts are exceptional in this regard. Eliminating the unpredictable expenses of swaps allows traders to have a more accurate understanding of their costs.
We’ve found that having a predictable market is incredibly valuable for traders, as it allows them to make well-informed financial decisions and effectively manage their risk. This feature is both simple and impactful, greatly enhancing a trader’s overall experience.
Broadening the Forex Market’s Reach
Swap-free accounts are accessible to a wide range of individuals, not just limited to specific cultural or religious groups. By removing the expenses associated with interest, these accounts allow a broader group of people to engage in the forex market.
The inclusivity has a positive impact on both individual traders and the overall market, making it more vibrant and dynamic. Overall, we believe this perfectly illustrates how financial innovation can reach a wider range of people while maintaining a strong commitment to ethical values.
Conclusion
Our exploration of swap-free account brokers in Singapore has provided us with valuable insights. The available offerings cater to a wide range of traders, taking into consideration their religious principles and strategic preferences.
Indeed, the competitive spreads and the lack of swap fees on these platforms are notable advantages, especially for individuals with long-term positions. We found that these brokers prioritize regulatory compliance, which gives traders peace of mind by providing a secure and transparent trading environment.
However, we urge traders to recognize the complex nature of swap-free trading. Although removing overnight fees might seem in line with certain ethical standards, traders often have to contend with additional charges.
You Might Also Like: Best PAMM Accounts
You Might Also Like: Best Micro Accounts
You Might Also Like: Best Cryptocurrency Brokers
You Might Also Like: Best Low-Spread Brokers
You Might Also Like: Best NDD Brokers
Frequently Asked Questions
Can I switch from a conventional account to a swap-free account with a Singapore broker?
Yes, most brokers provide leverage on micro accounts. However, the maximum leverage might be less than on larger account types.
How can I apply for a swap-free account in Singapore?
To apply for a swap-free account, you can open a conventional trading account and then request a swap-free option, which might require additional documentation or broker clearance.
Is there a difference in the leverage available on swap-free accounts in Singapore?
No, the leverage available on swap-free accounts is comparable to standard accounts. However, traders should double-check this as policies may differ between brokers.
Are the profits from swap-free accounts in Singapore taxable?
Yes. Profits from swap-free accounts are subject to the same tax legislation as ordinary trading accounts. Singapore traders should contact a local tax specialist to understand their tax responsibilities better.