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What is the best online brokerage in Singapore? Whether you are a beginner or an expert in trading and investing, we’ve compiled the best brokerages available in Singapore.
Other than commission fees for CFDs on shares, City Index also charges overnight financing fees, more commonly known as overnight charges, to help you hold your trading positions overnight on leveraged trading instruments with no set expiry dates such as CFDs. Your overnight charges largely vary according to the short and long positions you hold.
|City Index||Trading Fees|
|Indices/ CFDs||0.4 points minimum spread (for SG Index)|
|Shares/ CFDs||0.08% or S$10 minimum commission (for SG shares)|
|Forex/ CFDs||0.5 points minimum spread (for EUR/ USD)|
|Commodities/ CFDs||0.4 points minimum spread (for US Crude Oil)|
|Metals/ CFDs||0.5 points minimum spread (for Gold)|
|Funding Fees||2.00% (for debit and credit cards)|
|Currency Conversion Charge||Varies (depends on contract notes)|
|Guaranteed Stop Loss Orders||0.25% of notional trade value (for SG Shares)|
|Inactivity Fees||S$15 (for 24 months and above)|
To open your City Index trading account, simply scroll up, click on the City Index bubble to fetch more details and apply. Otherwise, visit the City Index Singapore website to initiate your account application process.
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What is City Index's minimum deposit? If I were to open a City Index trading account, will I be able to close my account easily in the future? These are common considerations that we have when looking for an online brokerage. Fret not, we have it all covered here.
|City Index Trading Products|
|Indices/ CFDs||17 major indices, margin from 5%, fixed 1 point spreads|
|Shares/ CFDs||Over 4,500 global shares|
|Forex/ CFDs||84 global FX pairs, margins from 5%, spreads from 0.5 points|
|Commodities/ CFDs||Access to over 31 markets, commission free|
Most reputable brokerage firms offer a dedicated education, news, and research educational division for its trading clients. While most of these news and services will be made available for free, some advanced features, journals, or analysis may require you to sign up for an ongoing subscription.
To contact the City Index help desk, you can call the City Index customer service hotline at +65 6826 9988, via email, or visit the City Index website to launch the Chatbot feature.
City Index is a great online brokerage in Singapore for experienced traders who are interested in trading CFDs. You will be able to access numerous international CFDs markets at competitive commission rates and tight spreads. If you are a seasoned trader with experience in margin or leveraged trading, this may be suitable for you.