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Best Trading Apps in Singapore

The usage of trading programs is regulated by Singapore law. But there are also programs that invite users from a small island state. But each of these utilities has different specifics. Our material is devoted to such specifics of their use. 

8 Best Singaporean Trading Apps

Experts prepared a list of 8 most popular programs, arranged in accordance to their functionality. 

App Best for
Interactive Brokers Best for stock trading
e Toro Best for free copy trading
IG Markets Best CFD trading experience
IC Markets Low spread Forex trading
AvaTrade Best for beginners in trading
CMC Markets Best analytical tools
Tickmill Program with the best mobile charting
Plus500 Low costs of trading

Comparative characteristics of the best Forex trading apps in Singapore

In the table below, experts compared 8 trading apps according to some features to find the best trading app in Singapore.

  Trading App Initial Deposit Regulation in Singapore Copy-trading (yes/no) Maximum Leverage SGD Account
Interactive Brokers IBKR Mobile $0 Yes No 1:50 Yes
eToro eToro $50 No Yes 1:30 No
IG Markets IG Trading $0 Yes Yes 30:1 Yes
IC Markets IC Markets mobile $200 No Yes 30:1 Yes
AvaTrade AvaTradeGO, AvaOptions $100 No Yes 30:1 No
CMC Markets CMC Markets mobile $0 Yes Yes 30:1 Yes
Tickmill Tickmill app $100 No Yes 30:1 No
Plus500 Plus500 mobile $100 Yes No 30:1 Yes

 Overview of the Interactive Brokers App

Interactive Brokers is a safe brokerage firm highly valued by Singaporean brokers for its benefits. The trader has been working on the market since 1978. Advantages of the company are low costs, excellent execution of transactions and wide market coverage. The broker is regulated by the following regulators: 

  • MAS – Monetary Authority of Singapore;
  • JFSA – Japanese Financial Services Authority;
  • Other tier-1 regulators. 

Using Interactive Brokers, traders have the opportunity to trade funds, options, forex, stocks and futures on over 130 markets. This broker is widely used for its low fees for international stocks, especially US stocks. The company doesn’t charge a percentage for a transaction and it doesn’t have a minimum starting account. It means that everyone can start trading with $0. Another reason for the high demand of Interactive Brokers is that they have two platforms. 

The IBKR Litr utility allows traders to have an unlimited number of free exchange-traded funds and trades, as well as stocks listed on US financial exchanges. In addition, if you have an account in the platform, you can trade in other investments on 135 exchanges in 33 countries, despite the fact that the costs will be the same as what the IBKR pro traders pay.