Trade Forex & CFDs with Versus Trade in Singapore
This is an independent guide, not Versus Trade. An offshore CFD broker on MetaTrader 5: $10 to open, leverage up to 1:2000, no MAS licence and no SGD account — here is what that means for a Singapore trader.
Open a Versus Trade account →Versus Trade is an offshore CFD broker: Versus Trade Ltd is registered in Saint Lucia (2024-00586) and licensed by the Mauritius Financial Services Commission under GB25204646. It holds no Capital Markets Services licence from the Monetary Authority of Singapore, so a Singapore resident who opens an account here sits outside Singapore's retail framework: no MAS leverage cap, no local dispute route. The accounts start at $10 (Standard) or $100 (Pro and Raw Spread), run on MetaTrader 5 only, and are denominated in USD or MYR — there is no SGD account currency.
Why traders choose Versus Trade
- MetaTrader 5 on Windows, macOS, iOS, Android and the web terminal, with Expert Advisors allowed.
- $10 opens a Standard account; Pro and Raw Spread start at $100.
- Raw Spread quotes from 0.0 pips with a stated commission of up to $3.00 per side, per lot.
- Versus Pairs — 15 two-asset instruments (e.g. XAUvsWTI, MSFTvsAAPL) that price one asset against another, with no swaps.
- Swap-free is the default level for a Singapore-registered account (the broker can move it to standard swap if positions are mostly held overnight).
- Negative balance protection is written into the Client Agreement — losses cannot exceed the account balance.
Versus Trade accounts at a glance
| Account | Platform | Spread from | Commission | Best for |
|---|---|---|---|---|
| Standard | MetaTrader 5 | 0.4 pips | $0 | A first account — $10 minimum, no commission |
| Pro | MetaTrader 5 | 0.2 pips | $0 | Frequent traders who want tighter spreads without a commission line |
| Raw Spread | MetaTrader 5 | 0.0 pips | Up to $3.00 per side, per lot | Scalpers and EA traders who price the commission in |
Explore Versus Trade
MetaTrader 5
Which builds exist, why the platform clock is London time, and the liquid window in Singapore hours.
Demo Account
What one lot means here and how much margin 1:2000 actually frees up.
More: spreads & costs, leverage & margin, minimum deposit, demo account and how to open an account.
Versus Trade Singapore — quick verdict
Versus Trade is a 2024-vintage offshore broker with a Mauritius FSC licence and no MAS authorisation. The conditions are real and checkable — $10 entry, MT5, spreads from 0.0 pips on Raw Spread — and so is the trade-off: a USD balance, no Singapore payment rail, and none of the protections a MAS-licensed broker carries. This site is an independent guide, not the broker.
Open a Versus Trade account →Who Versus Trade is, and what MAS has to do with it
Versus Trade Ltd is a Saint Lucia company, registration number 2024-00586, licensed as an investment dealer by the Mauritius Financial Services Commission under licence GB25204646. Both facts are published on the broker's own regulation page and can be checked against the Mauritius register.
What the broker does not have is a Capital Markets Services licence from the Monetary Authority of Singapore. In Singapore that licence is what allows a firm to deal in leveraged forex and CFDs with residents, and it carries the retail protections that come with it — leverage capped around 20:1 on major currency pairs, segregation rules supervised locally, and a local complaints route. None of that applies to an account opened here.
Versus Trade did not appear on the MAS Investor Alert List when the published list was checked on 11 September 2026. That is worth knowing, and it is not an endorsement: the list names firms that may be mistaken for licensed ones, and absence from it is not a licence. A firm’s Singapore licence status can be checked directly in the MAS Financial Institutions Directory.
The three accounts in numbers
Each account trades contract for difference instruments. Standard opens at $10 with spreads from 0.4 pips and no commission. Pro and Raw Spread both open at $100: Pro quotes from 0.2 pips with no commission, Raw Spread from 0.0 pips with a commission of up to $3.00 per side, per lot.
All three run on MetaTrader 5, take orders from 0.01 to 200 lots, use market execution, and share the same risk settings — margin call at 30% and stop out at 0%. Maximum leverage is stated as up to 1:2000, which is the headline number and also the reason a MAS-licensed broker could not offer you this account. What that leverage ties up in margin is worked through on the lot size and margin page.
Spreads are floating and every "from" figure is a best case on the most liquid instrument at the most liquid moment, not a ceiling. Figures read from the broker's own account pages on 12 September 2026; confirm the live numbers in the platform before sizing a trade.
How money gets in and out from Singapore
The account is held in USD or MYR. There is no SGD balance, so money leaving a Singapore bank is converted on the way in and converted back on the way out — a cost that exists before you place a single trade.
The broker's published funding menu lists local rails for Thailand, Vietnam, Laos, Indonesia, the Philippines and Malaysia, and names none for Singapore: no PayNow, no FAST. Money also comes back the way it went in — card first, then e-wallets, then bank transfer — and third-party accounts are not allowed. The full sequence, the document deadlines and what the fee table does not promise are on the account opening page.
Who this suits — and who should stop here
It suits a trader who already understands CFD risk, wants leverage and instruments a MAS-licensed broker cannot offer, and is willing to hold a USD balance with an offshore counterparty. If the account will sit idle between trades, the inactivity fee page covers what the documents do and do not charge for.
It does not suit anyone who needs the protection of a Singapore licence, wants to fund and withdraw in SGD through local rails, or is looking for a first account with a safety net. If that describes you, a MAS-licensed broker is the right place to look, and no amount of leverage changes that.
What 112 Trustpilot reviews actually say
Versus Trade holds 4.33 out of 5 across 112 reviews of versus.trade on Trustpilot, collected on 12 September 2026 and covering 6 July 2025 to 10 September 2026. The distribution matters more than the average: 81 five-star, 15 four-star, 2 three-star and 14 one-star. That is a common shape for a young broker — mostly satisfied customers and a hard core of disputes, with almost nothing in between.
Geography matters too, and it is the weak point of this figure for a Singapore reader: 86 of the 112 reviews come from Malaysia and only 4 from Singapore. The score describes the Malaysian experience of this broker far better than the Singaporean one, and one of those four Singapore reviews is a complaint about spread behaviour on a Pro account.
The one-star reviews cluster on withdrawals and on disputes over profits, with allegations we cannot verify and do not repeat as fact. What the pattern justifies is a procedure, not a verdict: read the withdrawal order before you fund, and keep the exchange in writing through support.