Which online trading platform is best in Singapore? We believe that the best platforms for Singapore are:
- IG Markets
For the Pros:
- IG Markets
- Saxo Bank
Which online trading platforms are the best for Singaporean residents? Here are some of the best trading platforms you can use in Singapore.
Best For Beginners:
AvaTrade is an award-winning online broker that is perfectly suited for beginners. Creating an account on AvaTrade is amazingly simple; their trading fees are competitively low, and their account opening minimums are also relatively low. You only need a minimum deposit of $100 to start trading on AvaTrade.
They have a very user-friendly app, AvaTradeGo, which offers a powerful set of features while remaining very easy to use.
eToro – The King Of Social Trading And Copy Trading!
This is one of your best bets if you want to trade in Singapore. What makes eToro a great choice for beginners is its CopyTrader feature, allowing beginners to copy more skilled traders’ trades. This means you’re unlikely to lose your money due to inexperience. Also, eToro offers lots of guidance to help beginners learn the ropes of trading.
IG Markets – British Elegance
IG is another great option for beginners looking to trade in Singapore. We love IG because they have a very well-designed and intuitive trading platform and lots of educational tools that beginners will find handy.
Another thing that sets IG apart is that they don’t have a minimum balance for opening an account. You can open an account on IG for free.
Best For The Pros:
AvaTrade also offers an amazing set of features that make it a great option for more advanced traders.
First, AvaTrade allows trading a wide range of financial instruments, which more advanced traders might be interested in. They also offer support for multiple trading platforms, including AvaTradeGo and other platforms like MT4, MT5, and ZuluTrade.
Like AvaTrade, IG Markets is also suited for both beginners and professional traders. Most advanced traders will love the fact that IG Markets has a wide range of tradeable assets. IG Markets allows trading in over 17,000 different assets, including 90+ currency pairs.
Their proprietary WebTrader platform is highly customizable and can be integrated with other tools like ProRealTime for automated trading strategies. IG Markets also supports MT4.
Saxo Markets is the best trading platform for advanced traders in Singapore. There are several things that professional traders love about Saxo Markets.
First, it offers great market access. With Saxo Markets, you have access to 36 global markets. Their commissions are also meager, which means greater profits for you.
Most advanced traders also love the fact that Saxo Markets has tiered accounts. Traders with higher tier accounts enjoy certain advantages, including direct access to trading experts, lower trading fees, priority customer support, and one-on-one access to Saxo Market’s in-house strategists.
Wrapping Up – Which Online Trading Platform Is Best In Singapore?
If you are a Singapore resident and wonder which online trading platform is best in Singapore, you can choose between AvaTrade, eToro, or IG if you’re a beginner. If you’re an advanced trader, your best options are AvaTrade, IG Markets, and Saxo Markets.