Best Trading Apps In Singapore (2025)



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If you're too busy to read the entire article and want a quick answer, If you are too busy to read the entire article and want a quick answer, the best trading app in Singapore is Plus500. Why? Here are its key advantages:
- Is legit in your country (Identified as United States
)
- Has a good user satisfaction score
- User-friendly interface - simplifies navigation and allows quick access to the necessary functions.
- Analytical tools - availability of indicators, charts and technical analysis tools.
Best trading apps in Singapore in 2025 are:
- Eightcap - Best broker to trade directly from TradingView charts
- XM Group - Best Order Execution (99.35% of orders are executed nearly instantly)
- RoboForex - Best Forex broker for beginners ($10 min. deposit, copy trading)
- TeleTrade - Best for learning trading basics (a lot of educational and analytical materials)
- Octa - Best for overnight trading (no swap fees)
Trading apps have become an important tool for investors, offering convenient and effective ways to manage their investment portfolio. The variety of platforms on the market, especially in a country like Singapore, can create some difficulties in choosing for users, as they need to start from their financial goals and trading strategies. This review contains the best trading apps in the country that stand out for their functionality, security, and ease of use. We evaluated the platforms based on key parameters, including fees, market access, and supported instruments. Our list will help you choose the best app for successful and comfortable trading.
Best trading apps in Singapore
We have compiled the best trading apps available to investors in Singapore. We have looked at the key features of each platform to help you choose the best solution for your investment goals.
Available in Singapore | iOS | Android | Min. deposit, $ | Max. leverage | Regulation level | Open an account | |
---|---|---|---|---|---|---|---|
Yes | Yes | Yes | 100 | 1:500 | Tier-1 | Open an account Your capital is at risk. |
|
Yes | Yes | Yes | 5 | 1:1000 | Tier-1 | Open an account Your capital is at risk. |
|
Yes | Yes | Yes | 10 | 1:2000 | Tier-3 | Open an account Your capital is at risk. |
|
Yes | Yes | Yes | 10 | 1:500 | Tier-1 | Open an account Your capital is at risk. |
|
Yes | Yes | Yes | 25 | 1:1000 | Tier-1 | Open an account Your capital is at risk. |
What to consider when choosing a trading app
When choosing a trading app, primarily pay attention to its usefulness in trading operations and efficiency of use. This would include aspects such as:
Real-time updates. Make sure that it supports real-time updates. This is especially important for timely response to price fluctuations, which can change in a matter of seconds. Mobile applications have lower computing capabilities than desktop systems, so it is a good idea to test the stability of the application before using it.
Advanced analytics. Analytical features allow you to find the best moments for a trade by tracking key price levels and sending alerts when specified values ββare reached. Using historical data and notifications helps traders make informed decisions.
Resources for analysis and education. For effective trading, built-in analysis tools and educational materials covering current news and market trends are useful. Access to this data allows traders to navigate the current situation and predict possible price changes.
Usability for all levels of users. A good trading app will be comfortable to use for both beginners and professionals. It will help beginners to master the market faster, and experienced traders will appreciate the functions focused on their tasks and interests.
Minimum spreads and commissions. Pay attention to the size of the spreads and commissions that the broker charges when executing transactions. High commissions can significantly reduce income, especially with high-frequency trading.
How to choose a trading app in Singapore?
Regulation and reliability. Choose an app that is licensed by the Monetary Authority of Singapore (MAS) or another recognized international regulator. This reduces the risk of losing funds. The app should also provide uninterrupted access to your funds and features.
Trading assets. Make sure that the broker offers the assets you need: currencies, cryptocurrencies, gold, stocks, bonds, commodities, and derivatives. If the assets you are interested in are not available, you will have to look for another broker.
Application functionality. Check how the application functions meet your requirements. Fast execution speed and analytical tools for assessing the market are important. Make sure that the application supports the charting function.
Demo account. A demo account is suitable for beginner traders to practice. It reduces risks, allowing you to develop skills without using real funds.
Opening an account. Check the minimum deposit and fees for different account types. After choosing a suitable option, open an account and deposit the required amount to start trading.
Rules and regulations
Licensing in Singapore
The Forex market in Singapore is regulated by the Monetary Authority of Singapore (MAS), the countryβs central bank and financial regulator. MAS ensures that standards of professionalism, transparency, and ethics are maintained in trading by monitoring the activities of market participants.
Investor protection in Singapore
MAS sets regulations to protect investors and promote transparency and accountability in the Forex market. The regulator monitors broker compliance, trade execution, and disclosure, and runs educational programs to improve investor knowledge.
Taxation in Singapore
Forex trading in Singapore is exempt from capital gains tax, making it an attractive option for traders. However, traders should be aware of potential taxes, such as income tax and goods and services tax (GST), and comply with tax laws.
How to use trading apps in Singapore
Use a smart trading strategy. Identify a suitable strategy for consistent profits and choose an app with technical analysis tools and real-time charts to help you plan your trades effectively.
Manage your risks. Use risk management features such as stop loss and take profit to protect your capital during adverse market movements. These features are available in most trading apps in Singapore.
Keep an eye on market trends. The market reacts to global and local events, so it is important to stay updated with the latest news. Built-in news feeds and in-app notifications will help you react to changes in a timely manner.
Learn from successful traders. Use social trading features in apps to watch successful traders in action. Copy their trades, but always conduct your own analysis to meet your individual goals.
Familiarize yourself with trading regulations in Singapore. Understand local laws and regulations related to trading and taxes. Some apps offer resources to help you better understand the legal aspects.
Use educational materials. Educational resources such as webinars, articles, and demo accounts can help you develop trading skills without risking real capital.
Pros and cons of free trading apps
- Pros
- Cons
Availability
Ease of use
Availability of educational resources
Convenience
Limited functionality
Risk of overtrading
Limited customer support
Data vulnerability
Choose apps from regulated brokers with fast order execution speeds
When choosing a trading app for Singapore, I recommend looking at whether the platform is regulated and compliant with the Monetary Authority of Singapore (MAS). Platforms that are regulated by the MAS adhere to strict standards, which reduces the risks for investors. Checking the license and regulatory information is the first step you should take before signing up and starting trading.
When evaluating the functionality of an app, it is useful to look at the execution speed and charting capabilities. Many traders lose potential profits due to execution delays, especially if the app is not efficient enough during sharp market movements. Make sure the platform offers the right analytical tools, such as indicators and charting features that allow you to evaluate trends and price dynamics in real time.
Another important aspect is risk management. Check for features such as stop loss and take profit to protect capital during volatile periods. These features help control losses and automate trading, which is especially useful during active market movements.
Methodology for compiling our ratings of Forex brokers
Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
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Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
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User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
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Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
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Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
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Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
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Other factors like brand popularity, client support, and educational resources are also evaluated.
Find out more about the unique broker assessment methodology developed by Traders Union specialists.
Conclusion
Choosing a trading app in Singapore depends on a variety of factors, including its regulation, features, and available analysis tools. A good app can make trading much easier and more efficient. Consider aspects such as the speed of trade execution, availability of educational resources, and risk management features. MAS-licensed apps ensure reliability and compliance with security standards. Once you consider all of these criteria, you can choose the platform that best suits your investment goals and level of experience.
FAQs
What additional features can improve a trading app?
Automatic copy trading features, personalized market alerts, and integration with analytics services are useful. This allows you to follow other traders' strategies, receive news promptly, and make accurate analysis.
Can I use multiple trading apps at the same time?
Yes, many traders combine apps to access different instruments and markets. This helps distribute risks and use the best features of each platform.
How to properly evaluate the reliability of a trading app?
Check whether it is regulated by local or international authorities, and read user reviews. Reliable apps should protect data and ensure stable execution of trades.
What mistakes do beginners often make when using trading apps?
Beginners often overestimate the leverage capabilities and trade too large volumes. It is recommended to start with small trades to manage risks and avoid significant losses.
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Team that worked on the article
Maxim Nechiporenko has been a contributor to Traders Union since 2023. He started his professional career in the media in 2006. He has expertise in finance and investment, and his field of interest covers all aspects of geoeconomics. Maxim provides up-to-date information on trading, cryptocurrencies and other financial instruments. He regularly updates his knowledge to keep abreast of the latest innovations and trends in the market.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).