In order to trade successfully, it is very important to choose the right broker. in Singapore, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best bitcoin brokers for short selling in Singapore 2026. You can compare their features and trading conditions.
1
XM - Best for short selling in Singapore
XM is a globally recognized broker, operating in nearly 190 countries and serving over 15 million traders. In 2025, the company marks its 15th anniversary. It provides access to more than 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. Licensed by CySEC (Cyprus), FSCA (South Africa), DFSA (Dubai), FSC (Belize), FSA (Seychelles), FSC (Mauritius), CMA (Kenya) and SCA (United Arab Emirates), XM offers a secure and regulated trading environment.
The broker ensures high-speed order execution without requotes, with 99.35% of trades executed almost instantly. Leverage is up to 1:1000 in some non-EU countries, while strict European compliance applies in other regions, and spreads start from 0.8 pips.
XM runs multiple bonus programs, adapts trading conditions to each client’s country, and provides negative balance protection. Accounts are available for traders of any level and strategy, and for passive income, the broker offers a copy trading platform for investors as well as experienced traders willing to share their strategies.
👍 Advantages of trading with XM for traders from Singapore:
•Regulation in six jurisdictions;
•Accounts designed for different strategies and levels of trader experience;
•Minimum deposit of $5;
•Various bonuses, trading competitions, and an affiliate program;
•100% order execution;
•No markup on tight market spreads;
•Access to more than 1,400 instruments;
•No deposit or withdrawal fees;
•24/7 multilingual support in over 30 languages.
👎 Disadvantages of XM for traders from Singapore:
•The support service operates 24/5.
•A small number of analytical tools.
•Copy trading and stock trading accounts are not available in all countries.
2
Pepperstone - Best for short selling in Singapore
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. The founders therefore focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help traders not only master the fine art of trading, but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven regulatory authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA, SCB (SIA-F217), and CySec (388/20). Moreover, with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking institutions.
👍 Advantages of trading with Pepperstone for traders from Singapore:
•Attractive trading conditions.
•Fast order execution - 30 ms on average.
•1,200+ trading instruments.
•Low fees.
•No inactivity fee.
•Support service works only 24/7.
👎 Disadvantages of Pepperstone for traders from Singapore:
•No cent account.
•Not available to US clients.
•Limited passive trading opportunities.
•Limited analytical materials available on the site.
•No news section.
•Demo accounts can trade for free for 60 days.
3
ATFX - Best for short selling in Singapore
ATFX is a Forex and CFD broker and a co-brand shared by a group of entities within AT Global Markets, an international investment holding company. The group operates under regulatory oversight in multiple jurisdictions, including the FCA (UK) under license 760555, ASIC (Australia) under license 418036, SFC (Hong Kong) under license BUM667, CySEC (Cyprus) under license 285/15, CMA (UAE) under Category 5 license 20200000078, FSCA (South Africa) under FSP 44816, SERC (Cambodia) under license 040, FSC (Mauritius) under license C118023331, and FSA (Seychelles) under license SD093. In Colombia, AT Global Markets Intl Ltd operates through a Representative Office authorized by the Financial Superintendence of Colombia under Resolution No. 2065 of 14 November 2025. The broker offers competitive trading conditions for active traders and passive investors. ATFX has also received industry recognition, including Best Global Forex Broker 2025 at Forex Expo Dubai and Best MT4 Broker APAC at the Ultimate Fintech Awards.
👍 Advantages of trading with ATFX for traders from Singapore:
•Several licenses from international regulators.
•Beneficial trading conditions for professional traders and large investors.
•Possibility to invest in PAMM accounts and copy trades using the broker’s proprietary platform.
•Low minimum deposit on standard accounts.
•Provides various trading tools.
•Client funds insurance.
•Provide Cent accounts.
👎 Disadvantages of ATFX for traders from Singapore:
•Bonuses are not available for all customers.
•Wide market spreads on Standard accounts.
•Limited choice of partnership programs.
4
Saxo Bank - Best for short selling in Singapore
The SaxoBank brokerage company was founded in 1992 under the original name Midas. In 2001, the broker was licensed by the FSA, a Danish Financial Supervisory Authority(1149), FCA (Financial Conduct Authority | UK, 551422), ASIC (Australian Securities and Investments Commission, AFSL 280372), FINMA (Swiss Financial Market Supervisory Authority, CHE-106.787.764), and SFC (Securities and Futures Commission | Hong Kong, AVD061). After that, the company changed its name to SaxoBank. Today the broker provides online access to various financial markets to clients from 170 countries. In 2017, the SaxoTraderGO terminal was recognized as the best trading platform for active trading according to FX Week’s e-FX Awards and ADVFN International Financial Awards. Can you trade options with Saxo Bank?
👍 Advantages of trading with Saxo Bank for traders from Singapore:
•favorable trading terms for professional traders with at least 1 year of experience;
•over 71 thousand instruments for trading;
•the opportunity to invest in ready-to-use long-term portfolios managed by professionals.
👎 Disadvantages of Saxo Bank for traders from Singapore:
•Cent accounts are not available.
•You can trade through proprietary platforms; access to the MT4 and MT5 terminals is not provided;
•a ban on algorithmic trading for traders from abroad;
•you cannot contact support in the online chat on the company's website.
5
InstaForex - Best for short selling in Singapore
Disclaimer: InstaForex Global services are not available to citizens and residents of the European Union. Service availability, trading conditions, leverage, promotions, and products may vary depending on jurisdiction and applicable regulations.
InstaForex is a leading broker with over 7,000,000 clients. The company provides access to 2,500+ trading instruments, including Forex pairs, stocks, indices, commodities, and cryptocurrencies. Clients can benefit from competitive spreads starting from 0 pips, leverage up to 1:1000, and access to non-standard technological solutions like synthetic securities. The average execution speed is 0.1 sec.
The broker offers a wide range of cryptocurrency CFDs, with over 70 instruments available and zero spreads on major cryptocurrencies. Additionally, it supports passive investment options including PAMM accounts, copy trading services, and unique offering - OYS portfolios. The company provides responsive client support and insurance coverage up to €20,000 under European regulation.
👍 Advantages of trading with InstaForex for traders from Singapore:
•2,500+ trading instruments.
•Passive investment products.
•Non-standard technological solutions.
•European regulation and IFC compensation fund.
•Comfortable trading conditions.
👎 Disadvantages of InstaForex for traders from Singapore:
•Tough conditions for retail European traders due to regulations.
•Transaction copy delay — up to 15 seconds.
•Low leverage for European clients.
TOP 5 Comparison
This table makes it easy to compare the best bitcoin brokers for short selling in Singapore for 2026 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| XM | Pepperstone | ATFX | Saxo Bank | InstaForex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT4, Mobile Trading, WebTrader, cTrader, MT5, TradingView |
MT4 |
SaxoTraderGO, SaxoTraderPRO |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
|
Min deposit |
$5 |
$1 |
$50 |
No |
$1 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
Yes |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.8 points |
From 0 points |
From 0 points |
From 0.7 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Instant Execution |
Market Execution |
Market Execution |
Instant Execution |
|
No deposit bonus |
$30 |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
No |
No |
Yes |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
XM Commissions and Fees
Traders Union analysts have analyzed the main and additional commissions for each XM Broker account. There are no additional commissions on all accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Ultra Low |
From 6 USD |
No |
|
Zero |
From 0 USD |
No |
Pepperstone Commissions and Fees
Pepperstone’s commissions and fee structure has been reviewed by our professional analysts for trading and non-trading commissions. The company's spread was considered as a trading commission. Our professional analysts also categorized additional fees charged for withdrawing funds as non-trading commission additional fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Razor |
From $0 |
No |
|
Standard |
From $1 |
No |
ATFX Commissions and Fees
Traders Union analysts have thoroughly reviewed ATFX trading conditions to uncover transparent and hidden commissions. The broker charges spread. If the amount of withdrawal to a debit/credit card or electronic wallet is less than USD/EUR 100, the customer will pay an additional USD/EUR 5 fee to the broker. For wire transfers, no fee is charged on withdrawals of over USD/EUR 1,000. The fees of electronic payment systems are not specified.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard 1:400 |
from $18 |
Charged in certain situations |
|
Standard 1:200 |
from $18 |
Charged in certain situations |
|
Standard 1:100 |
from $18 |
Charged in certain situations |
|
Standard 1:30 |
from $10 |
Charged in certain situations |
|
Edge |
from $6 |
Charged in certain situations |
|
Premium |
from $1 |
Charged in certain situations |
|
Edge (Professional) |
from $6 |
Charged in certain situations |
|
Premium (Professional) |
from $1 |
Charged in certain situations |
|
Professional |
from $1 |
Charged in certain situations |
Saxo Bank Commissions and Fees
Traders Union specialists have analyzed SaxoBank trading conditions for explicit and hidden commissions. The spread amount depends on the account types. The broker does not charge any commission for withdrawing funds and replenishing trading accounts. The withdrawal fee is charged by the bank for services or transfers. For all accounts, the broker charges a commission per lot for $50 (per $1 million traded).
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Classical |
from $12 |
Yes |
|
Platinum |
from $8 |
Yes |
|
VIP |
from $7 |
Yes |
|
Professional |
from $7 |
Yes |
InstaForex Commissions and Fees
Traders Union specialists have analyzed InstaForex trading conditions for explicit and hidden commissions. All information on the size of commissions contained is on the broker's website. Trading account replenishment through the popular payment system takes place without commission. The commission is charged only by the bank or e-payment system. Information on the amount of commission fees is available on their website. Withdrawal fees range from 0.5% to 3.5%, depending on the electronic payment system. PayCo does not charge a withdrawal fee.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Insta.Standard (FSC) |
From 3-7 USD |
yes |
|
Insta.Eurica (FSC) |
From 0 USD |
yes |
|
Cent.Standard (FSC) |
From 3-7 USD |
yes |
|
Cent.Eurica (FSC) |
From 0 USD |
yes |
|
ECN.MT4 (CySEC) |
From 10 USD |
Yes |
|
ECN VIP.MT4 (CySEC) |
From 3 USD |
No |
|
ECN Pro.MT4 (CySEC) |
From 7 USD |
Yes |
|
All ECN-accounts MT5 (CySEC) |
From 0 USD |
No |
Summary
Many brokers are available for traders from Singapore, but not all of them offer good conditions. In this review, TU experts chose the Best bitcoin brokers for short selling in Singapore 2026. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Bitcoin Brokers For Short Selling in Singapore
| XM | Pepperstone | ATFX | Saxo Bank | InstaForex | |
|---|---|---|---|---|---|
|
Overall score |
9.35 |
9.3 |
9 |
7.2 |
7.8 |
|
Execution of orders |
9.35 |
9.15 |
4.08 |
6.31 |
8.85 |
|
Investment instruments |
10 |
10 |
10 |
10 |
9.3 |
|
Withdrawal speed |
7 |
7 |
8 |
6 |
5 |
|
Customer Support work |
9.6 |
7 |
5.5 |
5.5 |
7 |
|
Variety of instruments |
8.02 |
6.32 |
6.31 |
9.27 |
8.02 |
|
Trading platform |
8.9 |
7.3 |
4.4 |
5.2 |
9.1 |
|
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FAQ
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
Best Bitcoin Brokers For Short Selling by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
