IG Singapore is one of the best all-round trading platforms in Asia
Provider: IG Singapore
Verdict: IG Singapore is a top-tier CFD broker regulated by MAS, offering over 13,000 markets across various asset classes. With competitive pricing, advanced platforms like MT4 and TradingView, and strong research support, it's ideal for active traders and experienced investors in Singapore seeking diverse market access and robust trading tools.
Who are IG, and what do they do in Singapore?
IG Singapore is a subsidiary of IG Group Holdings Plc, a UK-headquartered global brokerage firm. IG Group entered the Singapore market in 2002, offering market access to a broad range of financial instruments, covering multiple asset classes. IG Singapore is regulated by the Monetary Authority of Singapore (MAS) and offers clients access to CFDs and other derivatives trading.
Market access
IG Singapore offers CFD trading in broad asset classes, including shares, currencies, indices, commodities, cryptocurrencies, bonds, and ETFs, totalling access to over 13,000 markets.
Beyond traditional markets, clients in Singapore can also trade alternative products, such as IPOs, interest rates, futures, Thematic and basket, options, Knock-outs, and Volatility.
Pricing
Compared with other CFD brokers in Singapore, IG offers competitive trading costs. Floating spreads on major currency pairs start from as low as 0.6 points, 1 point for major indices, and 0.3 points for commodities.
Overnight funding charges apply for positions held past 10 pm UK time. Additionally, an annual administration fee may be charged, with rates differing on production categories and the direction (long or buy) positions.
Platforms
IG’s online trading platform and the mobile trading app are widely used by Singapore clients. The web trading platform enables market access to most product categories, with a tidy and clean default interface. It has a built-in live Reuters news, an economic calendar, and TipRanks analysis. For equity CFD trading, the “Stock Screener” tap offers a watchlist that you can filter with preferences.
Its charts come with 32 indicators and 19 drawing tools, featuring all the popular analysis tools favoured by a technical trader. The platform also supports a “trade directly from charts” function.
MT4 and TradingView are available for Singapore clients. Additionally, specialist platforms, including ProReal Time and L2 Dealer, are deal for technical chart users and share traders.
Research & Education
IG Singapore provides timely market news and analysis, and structured educational content tailored for clients with different skill levels. The company offers live trading webinars and a webinar library for on-demand sessions from the past. The online trading courses are also tailored to beginners, intermediate, and advanced traders.
Customer Service
You can reach the customer service team via 24/5 hotlines, email, and WhatsApp live chat. Two service lines are available – one for new clients and one for existing clients, which handles queries more effectively.
Pros
- User-friendly trading platform
- A well-established and regulated global broker
- Broad market access to multiple asset classes
Cons
- Limited to CFD trading, no physical stocks available
- Fee structure may be overly complex for beginners
- Spread slippage could be wide at volatile times
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Pricing
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Market Access
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App & Platform
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Customer Service
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Research & Analysis
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Overall
4.4
Tina was a Market Analyst at CMC Markets from 2015 to 2024, providing client education, market commentary, and media presentations. She specializes in technical analysis and market fundamentals. Tina believes financial markets comprise a vast area reflecting economies, politics, history, psychology, and philosophy. As a result, her analysis is based on her interpretation of a specific country’s economic and historical background, alongside investor sentiment and behaviour.
Tina’s expertise has garnered recognition, with her commentary frequently quoted by reputable sources like Bloomberg, CNBC, Routers, WSJ, and AFR. Her insights span a diverse spectrum, covering various financial domains, including stock markets, foreign exchange, commodities, and cryptocurrencies. Previously, she also spent significant time with China Central Television. This experience allowed her to develop a deep understanding and insight into China’s economics and business.
