Crypto trading in Singapore operates in one of Asia’s most sophisticated retail markets, supported by clear MAS regulation. Volity serves Singapore residents through international onboarding under CySEC 186/12 via UBK Markets. Multi-currency wallet, payments, and trading on Volity MT all in one account. This page covers MAS context, SGD funding, SGT time considerations, and tax framework.
Crypto trading in Singapore: what traders get on Volity
Standard Volity offering: 10,000+ instruments, leverage per product (up to 1:500 forex, 1:50 crypto, 1:100 commodities), $0 wallet, free internal transfers, 1% FX, Volity MT, EA + API.
Singapore regulatory context
The Monetary Authority of Singapore (MAS) supervises financial activities:
- Digital Payment Token (DPT) services: licensed under the Payment Services Act for crypto exchanges and wallet providers operating in Singapore
- CFD trading: offered by MAS-licensed providers under the Securities and Futures Act
- Retail leverage on CFDs: MAS does not impose a specific retail leverage cap as restrictive as FCA or ASIC; providers set leverage subject to suitability rules
- Crypto promotions: MAS has restricted retail crypto promotions and ATM crypto buying since 2022; this is about marketing, not trading itself
Volity operates internationally under CySEC. Singapore residents accessing Volity fall under CySEC’s framework. The Singapore market is generally permissive for retail residents trading on regulated international platforms.
Funding from Singapore
- International card payments (Visa, Mastercard) for USD/EUR
- SWIFT wire transfers from Singapore bank accounts
- PayNow: not currently supported directly to Volity (Singapore local rail)
- Crypto deposits (BTC, ETH, USDT, USDC) directly to Volity wallet
SGD conversion happens at the rail or via Volity’s 1% FX.
Time zones (SGT = GMT+8)
| Market | Open (SGT) | Close (SGT) |
|---|---|---|
| Crypto (24/7) | Always | Always |
| Forex (Sunday-Friday) | 06:00 Mon | 05:00 Sat |
| London session | 15:00 | 00:00 |
| NY session | 20:30 | 05:00 |
| US equities CFD | 21:30 | 04:00 |
| EIA oil report (Wed) | 22:30 |
Singapore traders have access to both the Asian session and the London open. Many Singapore-based traders specialise in USDJPY, AUDJPY, and other JPY crosses during Asian session.
Tax framework
Singapore’s Inland Revenue Authority (IRAS) framework:
- Crypto: Singapore does not levy capital gains tax. Trading profits on a habitual or business basis may be assessed as income; occasional trading profits typically not taxed at all
- CFDs and forex: capital gains generally tax-free for non-professional traders. Habitual or business-scale trading may be assessed as income
- No withholding tax on Volity trading profits for Singapore residents at the platform level
Volity provides annual P&L statements. Singapore tax treatment is generally favourable for retail traders; consult an IRAS-familiar tax advisor for confirmation in your specific situation.
KYC for Singapore residents
Standard KYC: passport or NRIC, proof of address (utility bill, bank statement within 3 months). Volity may request additional documentation for AML on larger deposits.
Trade with Volity worldwide
- Trading in India with Volity
- Crypto Trading in Dubai and UAE
- Crypto Trading in Australia
- Trading Platforms in the UK
- Trading in South Africa
- Trade with Volity: Regional Availability
Key takeaways
Crypto trading in Singapore is regulated by MAS under the Payment Services Act. Crypto trading in Singapore for retail residents is permitted on MAS-licensed exchanges domestically and on regulated international platforms like Volity through international onboarding.
Three points on crypto trading in Singapore with Volity:
- Singapore does not levy personal capital gains tax for individual retail traders
- Funding from SG banks via card or SWIFT works; PayNow is not direct
- Best trading hours from SG: London-NY overlap (20:30-00:00 SGT) for forex; crypto 24/7
Sources
Frequently asked questions
Is Volity available in Singapore?
Yes. Volity serves Singapore residents through international onboarding under CySEC 186/12 via UBK Markets. Forex, crypto, indices, commodities, and stocks CFDs are available subject to standard KYC.
Is crypto trading legal in Singapore?
Yes. Singapore has a clear regulatory framework through MAS for digital payment tokens. Retail crypto trading is permitted on MAS-licensed exchanges domestically and on regulated international platforms like Volity through international onboarding.
Do I pay tax on Volity trading profits in Singapore?
Singapore does not levy capital gains tax. Occasional retail trading profits are typically not taxed at all. Habitual or business-scale trading may be assessed as income. Consult an IRAS-familiar tax advisor for your specific situation. Volity provides annual P&L statements.
How do I fund my Volity account from Singapore?
International card payments (Visa, Mastercard), SWIFT wire transfers from Singapore banks, or crypto deposits (BTC, ETH, USDT, USDC). PayNow is not supported directly. SGD-to-USD conversion happens at the rail or via Volity’s 1% FX.
What is MAS’s stance on retail crypto trading?
MAS regulates digital payment token services under the Payment Services Act. MAS has restricted retail crypto promotions (no crypto ATMs, no aggressive marketing) since 2022 but does not prohibit retail trading itself. MAS provides a clear licensing framework for crypto firms; Volity operates internationally under CySEC.
Best time to trade from Singapore?
For Asian session pairs (JPY crosses, AUD/NZD pairs): 06:00-15:00 SGT. For London-NY overlap (peak forex): 20:30-00:00 SGT. Crypto trades 24/7. US equities open 21:30 SGT.
Does Volity support SGD?
Volity wallet supports USD and EUR natively as fiat currencies, plus BTC, ETH, USDT, USDC. SGD funding converts at the rail (bank or card) or via Volity’s 1% FX when trading USD-denominated pairs.
