Opening a Versus Trade Account from Singapore
$10 to start, documents reviewed in about a working day — and a currency step that is easy to miss.
Open a Versus Trade account →Opening a Versus Trade account from Singapore takes an email, an ID document and a proof of address; the broker states it reviews documents in one working day, or up to two for complex cases. The part that catches Singapore traders out comes later: the account is held in USD (or MYR), the broker's published funding menu has no Singapore rail, and the Withdrawal Policy sends money back the way it came — card first, then e-wallets, then bank transfer.
What you need before you start
Nothing here is Singapore-specific: the broker asks the same identity and address documents it asks everywhere. What is Singapore-specific comes after — there is no SGD account and no local payment rail, so plan the currency step before you send money.
- Proof of identity (passport, NRIC or driving licence)
- Proof of address issued recently
- An email address and phone number for verification
How long: The broker states document review takes 1 working day, or up to 2 for complex cases
Eligibility: 18+; Versus Trade Ltd does not accept residents of the USA, Canada, Iran, Myanmar, North Korea, the EU/EEA, the UK, Russia or Belarus. Singapore is not on that list, but the broker holds no MAS licence.
Step by step, from registration to a funded account
The broker states document review takes one working day, and up to two for complex cases. Separately, once a withdrawal is in progress and documents are requested, the policy gives you 24 hours to supply them — so gather them now rather than later.
- Open the registration form on the broker’s site from the button on this page.
- Enter your email and set a password for the client area — this login is separate from the MetaTrader 5 one.
- Complete the form with your details as a Singapore resident.
- Verify your identity: a government ID (NRIC, passport or driving licence) and a recent proof of address.
- Choose the account: Standard from $10, or Pro / Raw Spread from $100.
- Check which funding methods your account actually shows — there is no SGD rail, so the balance will be held in USD.
- Download MetaTrader 5, or test the setup on a free demo first.
Before you deposit
It is worth starting with a free demo account to get comfortable with the platform and test your strategy with virtual funds first.
What each account costs to open
Standard opens at $10. Pro and Raw Spread both open at $100. That is the whole ladder — the difference between them is pricing, not access: Standard from 0.4 pips with no commission, Pro from 0.2 pips with no commission, Raw Spread from 0.0 pips with up to $3.00 per side, per lot.
Minimums are stated on the broker's account pages and were checked on 12 September 2026. A $10 entry is low enough that the real question is not whether you can afford to open the account, but whether you can afford the position sizes the leverage invites. Position sizing, not the deposit, is what decides risk — see how a standard lot converts into exposure. If you expect long gaps between trades, check the inactivity fee page first.
Paying in from Singapore: the currency step nobody mentions
The published base currencies are USD and MYR. There is no SGD account. Money leaving a Singapore bank is converted into USD on the way in and converted back on the way out, and both conversions are a cost that exists before you place a single trade. If you want to confirm that no Singapore-licensed entity stands behind the account, the MAS Financial Institutions Directory is the register to search.
The funding page lists local rails for Thailand (Thai QR, PromptPay, four named banks), Vietnam, Laos, Indonesia (QRIS) and the Philippines (GCash, Maya), plus Malaysian FPX and GrabPay. It names nothing for Singapore: no PayNow, no FAST, no SGD line. One Singapore reviewer on Trustpilot wrote in July 2026 that they were "still waiting for “system update” to be completed with regards to other deposit methods" — a directional signal from one customer, not a company statement.
Which methods a Singapore-registered account actually sees is only visible once you are inside the client area. Confirm it there before moving money, because the method you fund with decides how the money comes back.
Documents and the 24-hour clock
Expect to supply proof of identity, proof of address and a verified email and phone. The broker states its team reviews documents within one working day, and up to two for complex cases.
The Withdrawal Policy adds a deadline in the other direction: when the broker asks for documents during a withdrawal, the client has 24 hours to provide them, and the policy states a request can be rejected if they arrive late. Have the documents ready before you request money out, not after.
How the money comes back: card first, then wallets, then bank
The Withdrawal Policy is explicit about order. Card deposits are refunded to the card first, to at least the total amount deposited by that method. E-wallet withdrawals are processed once card refunds are complete. Bank wire and anything else is processed only once those two are exhausted.
Withdrawals to third-party accounts are strictly forbidden — the receiving account has to be yours. Plan for that if the card you funded with is no longer the account you want the money in.
The published method table shows 0% commission, but the policy itself reserves the right to charge: fees "may apply based on the payment method, country and/or client categorization", and certain withdrawals "may incur an additional processing fee". Duties and taxes are the client's. Treat 0% as the current table, not a promise. A stuck withdrawal is a support matter — send the deposit history with the first message.