Best Brokerage Accounts in Singapore 2021

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Online Trading Platform Singapore 2020

Singaporeans looking for the best online trading platform have a variety of options. In this list we go over the best brokers in Singapore for 2021. Our analysis is based on a variety of factors. Account opening, ease of use, fees and commissions, firm regulation, available financial instruments and more. Let's get into our broker reviews.

Our top picks for the best Investment Platform in Singapore are:

  1. IQ Option is the best overall. Wide range of instruments. Won multiple awards.
  2. AvaTrade comes in close second. Wide variety of products. Regulated by top-tier financial authorities.
  3. Plus 500 comes in number three. Great trading platform and fees for US and SGX stocks. High minimum deposit.
  4. Interactive Brokers. Wide range of financial products. Credit and debit card not available.
  5. Saxo Capital Markets at number four. Impressive portfolio of CFDs. Trades can only be made through CFDs.
  6. City Index. Their platform is somewhat complex.
  7. TD Ameritrade. Fixed stock trading fees for US stocks and good customer support. Minimum deposit is $3,500.
  8. Phillip Capital. Great local online broker. Pre-paid account stocks are held in custodian accounts.

Brokerage Accounts Singapore 2021

Platform Score
IQ Option
Best Overall
Best Web Trading Platform
Best for CFD Traders
Interactive Brokers
Best for Low Cost ETFs
Saxo Capital Markets
Best for Premium Traders
City Index
Best for Experienced Traders
TD Ameritrade
Best for US Markets
Phillip Capital
Best Local Platform

Best Trading App Singapore

eToro has the best Trading App in Singapore. Their Trading App is intuitive and easy to use and offers a great variety of investment options. eToro app has the best Stock Trading App in Singapore, and is a great Forex, Crypto, Commodities, Indices, ETF options for traders. Read full review of eToro.

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Singapore’s economy is one of the wealthiest in the world, as the country has the 8th highest GDP per capita according to recent statistics.

Its developed economic system started booming since 1965. The government introduced a set of structural changes that propelled the economy into an era of unprecedented economic growth.

By encouraging foreign investments through business-friendly policies Singapore has managed to become one of the top economies in the globe. Billions of dollars in fresh capital pours into the country every year. It is serving as a major hub for multinationals who are seeking to establish themselves in the Asian continent. The Singapore Stock Exchange (SGX) is the primary stock exchange in the country. The estimated market capitalization is $800 billion and moving a volume of 30 billion shares per month valued at around $29 billion.

Why should you read this guide?

Singapore is a major financial center in the Asian continent and this has attracted the interest of the world’s leading investment banks and brokerage houses. Browsing through all the alternatives available may be a time-consuming activity. To help you out, we have gathered a list of the best brokerage houses. This way you can make an informed decision based on a set of standard factors to consider we have used to qualify each broker.

1 IQ Option – Best Brokerage Overall

IQ Option, founded in 2013 is regulated by Cyprus Securities and Exchange Commission (CySEC). This platform is available as an online brokerage and a mobile app. IQ Option is a popular broker in Singapore and has more than 7,000,000 registered users. IQ option offers Forex, digital options, binary options, and many CFDs.

What's best about this platform?

Their platform won multiple awards: Best Trading App, Award of Excellence, Century International Quality Gold ERA Award, WMA Best Technology Application, Best Mobile trading app (IFM Awards) – to name a few. It is intuitive and user friendly. They handle more than 20,000 transactions per day and their instant withdrawals in 8,5 hours on average.

On average, it takes 43 seconds to get an answer from the live chat and 20 minutes via email.

Order processing takes 0.6 seconds on average.

What can you trade?

IQ Option has many asset classes available.

48 Pairs

Minimum Deposit

Deposit Method
Processing Time
10 EUR
10 GBP
10 USD
300 RUB
Wire/Bank Transfer
10 EUR
12 USD
10 GBP
300 RUB
3-5 Business Days
10 EUR
10 USD
10 GBP
300 RUB
10 EUR
10 USD
10 GBP
300 RUB
10 EUR
10 USD
10 GBP
300 RUB
WebMoney WME
10 EUR
10 USD
10 GBP
300 RUB
WebMoney WMZ
10 EUR
10 USD
10 GBP
300 RUB


IQ Option spreads vary, depending on market conditions and liquidity. Overall spreads are good. IQ option discloses their spreads and updates them. Overnight funding fee applies for open positions. An inactive account fee is 10€/month if you don’t place orders in 90 consecutive calendar days.

There is a $31 withdrawal fee applicable for wire transfers. There is a minimum withdrawal of 2€.

2 AvaTrade – Competitive fees & commissions

AvaTrade is regulated by top tier financial authorities. It is a safe broker with award winning support and a variety of tradable assets. It is best for currency trading and CFD day trading.

Read Full Review

What's best about this platform?

AvaTrade offers a wide variety of instruments: Indices, Currencies, Cryptocurrencies, Stocks, Commodities, ETFs, FXOptions and Bonds. AvaTrade holds licences across 6 jurisdictions and 5 continents from top-tier financial authorities. Their AvaTradeGO app is easy to use and has a lot of built in trading tools. They offer AvaProtect (must be purchased), a unique feature that protects positions by removing risk for a protected period.

What Can You Trade?

Financial Instrument
45 Pairs
Over 600
18 Commodities
22 Indicies
FX Options
44 FX Options
5 ETFs
2 Bonds
14 Cryptocurrencies

Minimum Deposit

For depositing money, the available options are: debit card and credit cards and wire/bank account transfers. AvaTrade offers e-wallet deposits such as Skrill, WebMoney and Neteller (not available to EU and Australian clients). The minimum deposit depends on your base currency.

Debit and Credit Cards:

  • USD – USD $100
  • EUR – €100
  • GBP – £100
  • AUD – AUD $100

Wire Transfer:

  • USD – USD $100
  • EUR – €100
  • GBP – £100
  • AUD – AUD $100


In November 2019 AvaTrade dropped their spreads by up to 50%, making them one of the best priced brokers. Trading fees are low, making it perfect for active traders. Overall fees are good, some are low, while others are average, compared to other platforms.

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3 – Plus500 – Best for CFD Traders

Plus500, founded in 2008, is a global CFD and currency broker. The company is on the LSE (London Stock Exchange). Plus500 specializes in CFDs and is a leader in this category. Their platform is solid for traders of any level.

What's best about this platform?

Plus500 has been around for a long time. They hold many licences in different jurisdictions. A subsidiary – Plus500SG Pte Ltd is registered in Singapore. They offer a wide variety of CFDs, easy to use platform and mobile app, which makes them one of the best CFD brokers.

What Can You Trade?

Plus500 offers a wide range of CFDs and currency pairs:

  • Spot Currency Pairs
  • Stock CFDs
  • Stock Index CFDs
  • ETF CFDs
  • Commodity CFDs
  • Cryptocurrency CFDs

Minimum Deposit

If the deposit is made using a credit cards, debit cards or electronic wallet, the minimum to open a trading cash account with Plus500 is USD $100. For bank account transfers, the minimum is $500.


Their fees and commissions are low, build into the spread. Withdrawals are free for the first 5 withdrawals/month.

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4 – Interactive Brokers Singapore

Founded in 1978, Interactive Brokers (IBKR) is a large discount broker that is regulated by two tier-1 jurisdictions: the US Securities and Exchange Commission (SEC) and the Financial Conduct Authority (FCA) of the United Kingdom. This company has been picked as one of the best platforms for day traders and a great alternative for commodity traders due to its advanced technical analysis features and competitive rates.

What's best about this platform?

Interactive Brokers is based in the US but has an office in Singapore. Traders have the possibility of trading US stocks and ETFs at low commission. Their platform is user friendly and customizable.

The process of opening an trading account with Interactive Brokers can be done 100% online and it takes between 2 and 3 days to get verified.

What can you trade?

Interactive Brokers offers many popular asset classes. This brokerage covers more than 135 exchanges.

Products available include stocks from over 78 different stock international markets, over 13,000 ETFs, 105 foreign currency pairs, mutual funds from 261 different providers, 62,621 different bond issues, access to 33 options markets and 35 futures markets, 7,100 stock through CFDs and 13 stock indexes.

This broker offers a limited selection of cryptocurrencies.

IBKR provides an asset management service called Interactive Advisors that requires a minimum investment of USD $100.

Minimum Deposit

There are many different brokerage account types available depending on the type of investor you are. These include:

  • Individual
  • Joint (held by two or more individuals).
  • Trust
  • Friends and family accounts (for a client group of 15 members or less).
  • Small business
  • Advisor
  • Money manager

No minimum is required to open an account with Interactive Brokers but there’s a USD$2,000 minimum for margin accounts.


At Interactive Brokers, fees are lower compared to the average. Stock and ETF fees are low. Trades are free for US customers using the IBKR Lite pricing plan. Let's go over some benchmark fees. For customers in Singapore, the fee for US stocks is $0.005 per share with minimum commission rates of $1 and a maximum fee of 1% of the value of the trade, or 0.5% of trade value maximum for SMART routed orders. Higher trading fees apply to international stocks (non-US). For currency pairs, they start at 0.2 bps for trades below $1 billion with a minimum fee of $2 for EUR/USD.

Inactivity fee is $20 per month if the balance falls below $2,000 or the account generates less than $10 in commission in a month. There are no inactivity fees for balances over $100,000 or if the trading account generates $10 in commissions/month. The client pays $10 minus any commissions paid that month. With IBKR Lite service, available in the US, there are no inactivity fees.

Mutual fund investments cost $14.95 per transaction or 3% of the value of the trade.

For US treasury bonds the cost for a transaction worth $10,000 is $5 and for EU government bonds the cost would be $10. Trading US corporate bonds cost 0.10% of their face value with a maximum fee of $250 or 1% of the value of the trade.

US options cost $6.50 per every 10 contracts while US stock index futures cost $8.5 per every 10 contracts.

CFD benchmark fees vary depending on the underlying asset. US stocks generate a fee of $0.005 per share while European and Australian generate a commission fee of 0.05% of the value of the contract.

Wide range of financial products
Stock holdings are not credited to the trader’s CDP account. They are held in custodian accounts.
Highly competitive fees
Credit and debit cards are not available to deposit funds
No minimum required to open an account with IBKR
Regulated by two tier-1 jurisdictions (US and UK)
Great customer support features including live chat, phone calls, and e-mail
Demo trading account available and great educational videos and tutorials
One free withdrawal per month
No deposit fees

5 – Saxo Markets

Saxo Capital Markets is an online brokerage firm backed by a Danish investment bank called Saxo Bank that was founded in 1992. This broker is popular among experienced investors. Saxo Markets offers market access. Their services are a bit exclusive and expensive, than other brokerage firms.

What's best about this platform?

Saxo Markets provides its investors with an award-winning platform that features excellent research materials, technical analysis tools, real-time quotes, and other impressive features.

What can you trade?

Saxo Markets offers many asset classes to their investors such as: stocks, ETFs, bonds, derivatives, commodities, foreign currencies, and CFDs through their SaxoTrader GO and SaxoTrader PRO platforms which provides access to more than 40,000 global markets and 37 global stock exchanges.

Saxo provides investors with a selection of more than 19,000 single stocks including US, ETFs, and Singaporean stocks.

Minimum Deposit

There are three types of brokerage accounts offered by Saxo Markets to investors. The deposit varies based on type:

  • Classic – $3,000.
  • Platinum – S$300,000.
  • VIP – S$1,500,000.

Each of these brokerage accounts provides different levels of access to research tools, platforms, educational & training materials, and customer support for clients.


Saxo Markets offers one of the lowest costs per trade for Singaporean stocks 0.08% trading fee/trade with a minimum of S$10. They do charge a 0.12% custody fee for non-SGX stocks. Currency trades start at 0.6 pips for the EUR/USD pair.

Benchmark fee applicable to other securities traded through Saxo:

  • CFDs – 0.06% of contract value (minimum fee USD$ 7).
  • Bonds – 0.02% of contract value (minimum fee EUR 80).
  • Commodities – commission fee of USD$ 6 per transaction (derivatives) or 0.10% of contract value for spot trades.
  • Mutual funds offered by Saxo Markets are fee 0, which means no commission fee applies to trades involving these financial vehicles.
Saxo Markets is backed by a regulated Danish bank.
High minimum deposit for high-end brokerage accounts.
Award-winning platform.
Stocks are not credited to the trader’s CDP account. They are held in a custodian account.
Top-notch customer service.
Low trading fee for US and SGX stocks.
Wide range of securities available for traders.
Various types of brokerage account, including VIP.
Good CFD product portfolio.

6 – City Index

Being backed by one of the world’s major retail brokers, GAIN Capital, has boosted City Index’s credibility within the investment community and investors can benefit from the platform’s top-tier research tools and low-cost approach.

What's best about this platform?

This broker’s main competitive advantage is its low trading fees compared to its closest rivals. City Index allows investors to use an advanced feature called AT Pro, which conducts automated technical analysis to provide guidance for thousands of financial instruments while identifying potential trading signals.

What can you trade?

City Index provides CFDs for a wide range of asset classes including more than 4,500 global stocks, 17 indexes, 84 foreign currency pairs, and 26 different commodities.

Minimum Deposit

There are two types of brokerage accounts that can be opened with City Index.

  • CFD – gives traders access to the entire CFD portfolio offered by City Index.
  • FX on MT4 – this type is an interesting choice for experienced traders as it allows them to trade both CFDs and spot FXs.

There is no minimum required to open an account with this broker.


While City Index doesn’t charge a trading fee, they do charge a commission fee on CFD trades including a 0.08% per stock CFD trade with a minimum fee of S$10.

FX CFD fees are competitive at 0.5 pips for EUR/USD trades. The minimum fee for a commodity CFD trade is 0.4 points for US oil.

Low trading fee for FX CFDs
It is a better choice for more experienced traders due to the complexity of their platform
Commission don’t apply to FX on MT4 brokerage accounts
Decent portfolio of stock CFDs (4,500 global shares covered)
Great alternative for hardcore FX traders (84 FX pairs featured)
Decent portfolio of commodities

7 – TD Ameritrade

TD Ameritrade is a US-based broker that offers a wide portfolio of financial instruments to traders. The potential acquisition of this platform by Charles Schwab makes it an interesting choice, as its portfolio, research tools, and other interesting features may be enhanced by Schwab’s extensive knowledge base and educational assets.

What's best about this platform?

This platform opens the door to the attractive US stock market to customers in Singapore. They offer a wide range of financial instruments through a user friendly platform called ThinkorSwim which operates through a desktop and mobile version.

What can you trade?

This broker allows its clients to trade US stocks, options, futures, and ETFs at low fees.

Minimum Deposit

Opening an account with TD Ameritrade is easy and it can be done online. It will take around 20 minutes to complete the process.

Since December 2019, brokerage accounts with an average balance of USD $100,000 or more will be entitled to 100 commission-free trades on stocks, ETFs, and options. If the balance is in a range between $50,000 and $99,000 the number of free trades will be 50 and for balances higher than $10,000 but lower than $49,999 the holder will be entitled to 25 fee 0 trades.

The minimum required to open an account with them is USD $3,500.


They charge a fixed brokerage fee of USD$10.65 per transaction for buying and selling US stocks (this includes ETFs). Options, pay a flat fee of USD$0.81 per contract plus USD$10.65 per trade.

Stock broker for the US market
Deposit of $3,500 required
Fixed brokerage trading commissions for US stocks trades
This broker acts as the central depository, which means you can’t store the securities at your CDP account
No trading fees for a limited number of trades for balances higher than USD$10,000
Great research tools and customer support

8 – Phillip Capital

Phillip Capital is a stockbroker with more than 45 years of positive track record in the financial industry and a presence in 15 different countries. The company has over 1 million customers around the world and has a custodian account that exceeds $35 billion from investors including high net worth individuals, hedge funds, companies, and family offices.

The company’s footprint in the Singaporean market can be traced to 1996. Phillip Capital introduced their POEMS online brokerage and have expanded to other latitudes. They are providing services to European and Asian countries including Thailand, China, France, and the United Kingdom.

What's best about this platform?

Phillip Capital understands how the Singaporean markets work. They were the first to introduce an online brokerage account in the Singapore. They offer different types of accounts and their commission for Singapore Exchange (SGX) trades are competitive.

They provide access to the US markets and offer a wide selection of mutual funds free of brokerage fees.

What can you trade?

This broker’s POEMS platforms provide access to over 25 markets in Asia, North America, and Europe. Phillip Capital's platform offers more than 3,000 ETF products and over 1,000 mutual funds to choose from. Phillip Capital is a great choice for Singapore stocks.

They provide access to 26 global stock market exchanges.

Minimum Deposit

Phillip Capital offers traders three different types of accounts including their Margin, Custodian, and cash accounts. Depending on the account you choose, commission fees on different trades may vary. The good news is, there’s no minimum required to open an account with this broker.


This brokerage firm offers its pre-paid account holders a flat trading fee of S$10 per transaction for SG market trades and US$8.80 for US market trades. No commissions or trading fees charged by this broker for mutual funds. Phillip Capital charges a custodian fee.

Phillip offers two different platforms for amateur and experienced traders (POEMS 2.0 and POEMS Mercury)
For pre-paid accounts, stocks are not credited to the trader’s CDP account. They are held in a custodian account
Over 45 years of experience
Large portfolio of US and Singaporean stocks
Wide selection of mutual funds and ETFs
Over 1 million active clients registered at POEMS
No minimum required to open an account

Other brokers to consider

  • DBS Vickers – This company is one of the largest financial groups in Asia, a subsidiary of DBS bank. DBS Vickers won multiple awards and offers access to both local and international markets. They offer both securities and derivatives brokerage services for retail and institutional clients. DBS offers different types of accounts: cash accounts (online), cash upfront, young investor, CPF funds, SRS funds. DBS Vickers has offices in New York, London, Shanghai, Hong Kong, Bangkok, Singapore and Jakarta. DBS Vickers is good for trading Singapore stocks.
  • Tiger Brokers – founded in 2014, Tiger Brokers are an brokerage firm regulated by MAS in Singapore.

How to pick an online broker?

There are a few variables you should take into account when analyzing platforms in Singapore. These include: how expensive it is to trade securities through them, how good is their customer service, their trading fees, the possibility of using your CDP account, and which institution serves as the central depository of the securities in case you are not able to do so.

List of those variables includes the following:

  • Available markets and securities – your platform should allow you to trade the securities you plan to focus on. There are certain platforms that specialize in providing a wide range of CFDs, while others focus on stocks, bonds, or ETFs. You should know which markets and securities you will have access to before you sign up.
  • Margin accounts – margin accounts are useful for leveraged trades, which means you will use an fraction of the asset value, the rest is borrowed from your brokerage house. Each platform has its own rules and limits for leveraged transactions and they often express how much leverage you can use through a ratio such as 33:1 or 10:1. This means that you can borrow $30 or $10 per each $1 you commit to that particular trade respectively.
  • Customer support – even though the platforms on this list operate smoothly most of the time, if you ever find an issue while conducting your trades you definitely want to count on the best customer service possible to solve the matter as quickly as you can.
  • Costs – this is a major variable to watch out for before you sign up with a broker as each firm has its own fees depending on the securities you buy and sell.
  • Research tools – trading ideas don’t usually come out of nowhere. Having a brokerage firm that is constantly pushing valuable information in your direction helps you in coming up with new trade ideas every day. It is important to stay on top of market movements and adjust your strategy.
  • Investor Education & training materials – nobody was born as a successful trader. Those who have achieved a certain degree of success investing in the financial markets are constantly learning about economics, businesses, and trading itself. Your web platform should be able to help by offering educational and training materials to guide you in your investment journey to become a successful investor.
  • Types of orders – traders understand the importance of having a set of different types of orders they can use to limit losses and to strengthen their exit strategies. While limit and stop-loss orders are the most common, some brokerage firms allow you to place guaranteed stop-loss orders which are useful.
  • Security – your personal information and money are vital for you and they should be protected by your brokerage firm as well. As part of your assessment of the investment brokerages in Singapore you should do some research to find out if they have ever dealt with data breaches or if accounts have mysteriously lost money due to unauthorized access of third parties. Some have insurance policies for clients funds.
  • Interface and ease of use – the place where you’ll spend most of your time as a trader is your computer screen. The user interface of your platform should be user friendly. This will help you browse through charting tools, financials, and other relevant information without overwhelming you.
  • Extra features – brokerage firms in Singapore have their own way to serve their clients by introducing extra features that are valuable to investors such as drawing tools, technical indicators, VIP services, and premium research materials, among other things.

What kind of financial instruments can you trade through brokerage accounts?

The largest and popular brokerages allow their investors to trade a wide range of financial assets and investment products, including:

  • Stocks listed in the Singapore Stock Exchange (SGX) and other exchanges around the world, including US stocks.
  • Bonds, including corporate bonds, government bonds, and sovereign bonds.
  • Preferred shares and other similar fixed-income instruments.
  • Derivatives (futures, options, warrants).
  • Contracts for Difference (CFDs).
  • Exchange-traded funds (ETFs).
  • Mutual funds.
  • Foreign currencies.
  • Cryptocurrencies.

They may offer asset management services including managed portfolios and wealth management solutions and advisory services.

Cash Upfront Trading Accounts

Some banks and stock market brokerages offer cash upfront trading (CUT) pre-funded accounts that have lower fees.

CUT accounts require traders to pre-fund their accounts before they can purchase stocks. The amount deposited is the buying power you have on the markets. This cash upfront account has lower commissions on trades. If you are investing more, these are worth considering.

Types of orders

Brokers offer different order types on their platforms. The most common types of orders are: market order, limit order and stop-loss order.

What kind of fees will you be paying to trade different securities?

Trading fees vary from one brokerage firm to the other and change depending on the securities you intend to buy and sell. Stock market trades for example tend to pay a flat fee per transaction. Bond trades may be carried out with 0 fees, as the broker earns from the bid/ask spread, instead of charging the investor’s account. Forex fees are expressed in a certain amount of ‘pips’. This is one unit of the smallest decimal place in the value of the currency pair. Fees may vary depending on the type of account you open with your brokerage firm – ie. VIP vs. Standard or Classic accounts. Some charge account maintenance fee. Most brokers state the minimum commission fee per trade in their advertisements. The actual commission could vary depending on the size of the trade, the liquidity of the security, and some other technical variables.

For CDP accounts, there is a small fee of 0.0325% of the contract value.

Regulation in Singapore

The Monetary Authority of Singapore (MAS) is the regulatory body in charge of overseeing active brokers in Singapore through a set of regulations, licensing requirements, and other rules that promote transparency within the country’s financial markets.

Some brokers may not be registered by the MAS. Brokers in this list are registered with at least one tier-1 regulatory body such as the Securities and Exchange Commission (SEC) of the United States or the Financial Conduct Authority (FCA) of the United Kingdom.

How to start trading?

The first step to start trading is to open a brokerage account with the brokerage firm you decide to work with. In some cases, brokerage firms allow investors to open a brokerage account without a minimum, while others may demand a small deposit of S$100 or S$200 to start. Most brokers conduct an identity verification process for their investors before activating their accounts by requesting legal documents that confirm your personal information. These may include but are not limited to, a national ID card, passport, or utility bill, among other documents they may solicit to verify that you are in fact who you say you are.

Once this step is completed you can start trading securities.

There were 715 securities listed in the SGX by the end of April 2020 including shares of companies in Singapore (463), China (84), and other parts of the world (168).

The stock exchange provides exposure to businesses in various different industries including oil & gas, telecommunications, consumer goods, technology, and utilities and the exchange allows for different types of products and asset classes including stocks, bonds, exchange-traded funds, and derivatives.

Bottom Line

The following list should guide you in the process of picking the best brokerage in Singapore. There are many options available and not every trading platform is suitable for you individual needs. If you short-listed one or two of the candidates presented here, you can also do your own research to answer any additional questions you may have. You can sign up for a demo account before deciding on a cash account. You can test the platform, its features, the research tools available, and other interesting characteristics that could be valuable before you make a decision on who you go with.

You can visit the website of the Monetary Authority of Singapore (MAS) to get more information on any of the brokers listed. You can rest assured that they are credible institutions. These brokers are regulated by either the MAS or any other tier-1 regulatory body in the world.

Best Online Brokers in Singapore in 2021 are:

  1. IQ Option – Best Platform Overall – 4.9/5 – Open Account
  2. AvaTrade – Best Web Trading Platform – 4.9/5 – Open Account
  3. Plus500 – Best Platform for Advanced Traders – 4.8/5 – Open Account
  4. Interactive Brokers – Best for Low Cost ETFs – 4.8/5 – Open Account
  5. Saxo Markets – Best for Premium Traders – 4.6/5
  6. City Index – Best for Experienced Traders – 4.5/5
  7. TD Ameritrade – Best for US Markets – 4.4/5
  8. Phillip Capital – Best Local Singapore Platform – 4.2/5

*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.