CFD Singapore Brokers: Top 3 Platforms You Can Trust in 2025
Written by Akash Khanna
Edited by Samuel Black
Fact-checked by Lisa Khan
Last Updated – 23 July 2025
If you’ve ever looked into forex in Singapore or dabbled in market speculation, you’ve probably come across the term CFD trading Singapore. Contracts for Difference — or CFDs — have quickly become one of the most flexible and accessible ways for Singaporean traders to invest in global markets without owning actual assets.
But here’s the catch: your success doesn’t just depend on your strategy — it begins with selecting the right CFD Singapore brokers.
In this in-depth guide, we’ll explore what CFDs are, how they work, and — most importantly — which CFD Singapore brokers are worth your time and capital. We’ll focus on three standout names: HFM, FBS, and Tickmill, with HFMtaking the top spot for its balance of performance, security, and local relevance.
- What Is CFD Trading and Why Is It Popular in Singapore?
- Who Are the Top CFD Singapore Brokers in 2025?
- CFD Singapore Regulations – Is It Legal? Is It Safe?
- Platform Comparison – MT4 vs MT5 in CFD Trading
- What to Look for in CFD Singapore Brokers
- Deep Dive: Why HFM Is the Best CFD Broker for Singapore
- Broker Account Types Comparison for CFD Trading
- Instruments Offered by CFD Singapore Brokers
- Mobile CFD Trading – Platforms on the Go
- Promotions, Bonuses & Loyalty Perks of CFD Brokers
- CFD Brokers Deposit, Withdrawal & SGD Compatibility
- VPS Hosting for Serious CFD Traders
- How to Get Started with CFD Trading in Singapore
- Common CFD Singapore Scams & How to Avoid Them
- Which CFD Broker Should You Choose in Singapore?
- Frequently Asked Questions (FAQ)
What Is CFD Trading and Why Is It Popular in Singapore?
CFD trading Singapore allows you to speculate on the price movement of financial instruments like stocks, forex, indices, and commodities — without actually owning the underlying asset.
Why CFD Trading Appeals to SG Traders:
| Benefit | Explanation |
|---|---|
| Leverage | Trade larger volumes with a smaller initial outlay |
| Flexibility | Go long or short (profit in rising or falling markets) |
| Low Capital Requirement | Start with as little as USD $5 with some brokers |
| Diverse Instruments | Trade gold, oil, forex, indices, crypto, and more |
| Real-Time Trading | Fast execution via platforms like MT4 and MT5 |
In a fast-paced, results-driven country like Singapore, where time is literally money, CFD trading offers speed, flexibility, and opportunity — whether you’re trading during lunch in Tanjong Pagar or analysing charts from your Bukit Timah condo.
Who Are the Top CFD Singapore Brokers in 2025?
Let’s cut straight to the chase. These three CFD Singapore brokers dominate the scene:
| Broker | Regulation | Platform | Min Deposit | Best For |
|---|---|---|---|---|
| HFM | FCA, CySEC, CMA | MT4, MT5, HFM App | USD $5 | All levels, great all-rounder |
| FBS | IFSC, ASIC, CySEC | MT4, MT5 | USD $1 | Beginners and micro traders |
| Tickmill | FCA, CySEC | MT4 | USD $100 | Scalpers, low-spread strategies |
We’ll deep dive into each of these CFD Singapore brokers later, but spoiler alert — HFM takes the crown for Singaporean CFD traders thanks to its trusted regulation, tight spreads, and excellent localised support.
CFD Singapore Regulations – Is It Legal? Is It Safe?
Yes, CFD trading in Singapore is legal — but regulated under stringent guidelines by the Monetary Authority of Singapore (MAS). Most CFD Singapore brokers operate under international Tier-1 licenses (FCA, ASIC, CySEC).
Broker Regulation Tiers:
| Regulator | Tier | Examples | Trust Level |
|---|---|---|---|
| FCA (UK) | Tier-1 | HFM, Tickmill | Very High |
| ASIC (Australia) | Tier-1 | FBS | Very High |
| CySEC (EU) | Tier-1 | HFM, FBS, Tickmill | High |
| IFSC (Belize) | Tier-2 | FBS | Moderate |
⚠️ Always check which regulation your broker account falls under. Signing up via the broker’s links below gives you access to better conditions.
Platform Comparison – MT4 vs MT5 in CFD Trading
All three brokers provide access to MT4 (MetaTrader 4), with HFM and FBS also offering MT5.
| Feature | MT4 | MT5 |
|---|---|---|
| Release Year | 2005 | 2010 |
| Best For | Forex, indices | CFDs, stocks, futures |
| Hedging Allowed? | ✅ Yes | ✅ Yes |
| Multi-threading | ❌ No | ✅ Yes |
| Execution Speed | Fast | Faster |
💡 For pure CFD traders in Singapore, MT5 via HFM provides broader market access and better performance for multi-asset strategies.
What to Look for in CFD Singapore Brokers
HFM (formerly HotForex) checks all the boxes for Singapore-based CFD traders.
Why HFM Leads the Pack:
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Regulated by FCA, CySEC, CMA
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Supports both MT4 and MT5
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Ultra-tight spreads from 0.0 pips (Zero account)
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Leverage up to 1:500 (via international license)
-
1-click trading, fast order execution
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Free VPS for algo traders
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Generous bonuses and promotions
-
Multilingual support, excellent for SG clients
HFM’s CFD offering spans forex, gold, indices, energies, shares, and more — with deep liquidity and low trading costs. Whether you’re hedging your CPF investments or testing out new strategies, HFM is the top choice among CFD Singapore brokers.
Deep Dive: Why HFM Is the Best CFD Broker for Singapore
HFM (formerly HotForex) checks all the boxes for Singapore-based CFD traders.
Why HFM Leads the Pack:
-
Regulated by FCA, CySEC, CMA
-
Supports both MT4 and MT5
-
Ultra-tight spreads from 0.0 pips (Zero account)
-
Leverage up to 1:500 (via international license)
-
1-click trading, fast order execution
-
Free VPS for algo traders
-
Generous bonuses and promotions
-
Multilingual support, excellent for SG clients
HFM’s CFD offering spans forex, gold, indices, energies, shares, and more — with deep liquidity and low trading costs. Whether you’re hedging your CPF investments or testing out new strategies, HFM is the top choice among CFD Singapore brokers.
Broker Account Types Comparison for CFD Trading
Each broker tailors its account types to different trader profiles.
| Broker | Account | Min Deposit | Spread From | Commission | Best For |
|---|---|---|---|---|---|
| HFM | Micro | USD $5 | 1 pip | None | Beginners, small trades |
| Zero | USD $200 | 0.0 pip | Yes | Scalpers, news traders | |
| FBS | Cent | USD $1 | From 1 pip | None | Testing strategies |
| Standard | USD $100 | From 0.5 pip | None | Intermediate traders | |
| Tickmill | Pro | USD $100 | 0.0 pip | Yes ($2/lot) | Professional scalpers |
💬 If you’re just getting started or testing EAs, HFM Micro or FBS Cent accounts are perfect. For low-latency execution, HFM Zero is unmatched.
Instruments Offered by CFD Singapore Brokers
| Asset Class | HFM ✅ | FBS ✅ | Tickmill ✅ |
|---|---|---|---|
| Forex | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes |
| Indices | Yes | Yes | Yes |
| Stocks (US/EU) | Yes | Yes | No |
| Energies (Oil, Gas) | Yes | Yes | Yes |
| Crypto CFDs | Yes | Yes | No |
HFM and FBS have a broader CFD range. Tickmill is more focused on core forex and commodities.
Mobile CFD Trading – Platforms on the Go
In a city where efficiency is king, mobile trading is non-negotiable.
| Broker | Mobile Platform | Highlights |
|---|---|---|
| HFM | HFM App, MT4/MT5 | Clean UI, secure login, real-time trades |
| FBS | FBS App, MT4/MT5 | Copy trading, beginner-friendly UI |
| Tickmill | MT4 Mobile only | Reliable but basic |
HFM’s mobile app feels like using DBS digibank for trading — fast, intuitive, and solid.
Promotions, Bonuses & Loyalty Perks of CFD Brokers
| Broker | Bonus/Promo | Details |
|---|---|---|
| HFM | 100% Supercharged Bonus | Bonus + cashback for active traders |
| FBS | Level-Up Bonus | Free $70 to test the platform |
| Tickmill | Monthly Trading Competitions | Win cash prizes via demo contests |
🎁 Tip: Don’t overtrade for bonuses. Use them to boost learning or reduce cost, not as the main goal.
CFD Brokers Deposit, Withdrawal & SGD Compatibility
| Broker | SGD Accepted | Deposit Methods | Withdrawal Time |
|---|---|---|---|
| HFM | ✅ Yes | Bank transfer, card, e-wallet | 1–2 working days |
| FBS | ✅ Yes | Card, Skrill, Neteller | Same day–48 hours |
| Tickmill | ✅ Yes | Wire transfer, e-wallet | 1–3 business days |
💡 Pro Tip: Use a multi-currency e-wallet like Wise or Revolut to minimise conversion fees.
VPS Hosting for Serious CFD Traders
| Broker | Free VPS? | Requirements |
|---|---|---|
| HFM | ✅ Yes | $5,000 balance or 5 lots/month |
| FBS | ❌ No | External VPS needed |
| Tickmill | ✅ Yes | 2 lots/month trading volume |
If you’re running Expert Advisors or want 24/7 execution without lag, HFM’s VPS is a huge win.
How to Get Started with CFD Trading in Singapore
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Pick your broker – Preferably HFM for all-round value.
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Open an account – Complete KYC with IC and utility bill.
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Download platform – MT4 or MT5, desktop or mobile.
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Deposit funds – SGD or USD via card, bank or wallet.
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Test a demo – Always practice first.
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Start trading – Focus on one asset class, manage risk.
Common CFD Singapore Scams & How to Avoid Them
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Scams are real — especially in the CFD Singapore space. Always avoid:
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Unregulated brokers promising guaranteed profits
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PAMM schemes or “signal groups” with no transparency
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Social media traders flashing luxury cars and zero trading records
✅ Only use regulated CFD Singapore brokers like HFM, FBS, or Tickmill to stay safe.
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Which CFD Broker Should You Choose in Singapore?
| Trader Type | Recommended Broker |
|---|---|
| Beginner | HFM (Micro) |
| Small budget | FBS (Cent) |
| Scalper/News Trader | Tickmill or HFM Zero |
| EA/Algo Trader | HFM with VPS |
| Long-term multi-asset | HFM (MT5) |
| All-rounder | HFM |
Frequently Asked Questions (FAQ)
❓ Is CFD trading legal in Singapore?
Yes, CFD trading is legal but subject to regulation. MAS oversees financial activities in Singapore. Many brokers serving Singapore clients are regulated offshore but operate legally.
❓ What’s the best CFD broker in Singapore?
HFM is the top choice for 2025, offering tight spreads, strong platforms (MT4/MT5), great support, and low entry costs.
❓ Can I open an account in SGD?
Yes. Most brokers including HFM, FBS, and Tickmill support SGD funding or conversion via e-wallets and multi-currency platforms.
❓ What leverage do I get?
Singapore-regulated brokers may cap leverage at 1:20, but brokers like HFM (via global license) can offer up to 1:500.
❓ What’s the minimum to start?
You can start with as little as USD $5 on HFM, $1 on FBS, and $100 on Tickmill — but a starting balance of $100–$500 is more practical.
❓ MT4 or MT5 for CFD trading?
MT5 is better for multi-asset CFD trading. MT4 is still great for forex and basic CFD use.
❓ Can I trade on my phone?
Absolutely. All three brokers offer mobile platforms. HFM’s app is especially sleek and suited for Singaporean users.
❓ Are bonuses worth it?
Bonuses can help reduce costs or test platforms but shouldn’t influence your strategy. Always read the T&Cs.