Are you thinking of starting a new investment? An investment broker in Singapore can be an excellent asset. Think of them as the go-between for buyers and sellers on the stock market. These investment brokers enable their clients to purchase stocks, bonds, and other securities from exchanges.
In a nutshell, an investment broker is a person or institution who facilitates investment transactions on behalf of a client. But today, there is a growing demand for online brokerage firms and trading platforms. An online brokerage facilitates the buying and selling of a financial instrument.
However, to start investing, you first need to have a brokerage account to buy and sell investment products, including stocks, mutual funds, Exchange Traded Funds (ETFs), and more. We’ve curated a list of the top online brokerage and trading platforms in Singapore.
But First, There are Two Types of Online Brokerage Accounts
In Singapore, you can choose between a CDP-linked account or a custodian account.
- CDP-Linked Accounts: The stocks are purchased under your name and will be credited into your CDP account. As such, you own the shares and become a shareholder of the company. This is a good option if you are purchasing Singapore stocks.
- Custodian Account: It is typically referred to as a pre-funded or cash upfront account. The stocks are purchased through a nominee account that is managed by the online brokerage firm. Consider this if you are buying or selling overseas stocks.
Best Brokerages and Trading Platforms in Singapore
1. Interactive Brokers – Best for Overall and For International Market Access
Interactive Brokers have been in the investment market for 45 years and they have grown to be one of the best online brokerage accounts in Singapore. Its services include trading stocks, currencies, bonds, mutual funds, futures, EFTs, cryptocurrencies, gold, silver, and more. Best of all, they are also known for their low fees – no ticket charges, no minimums, and no technology, software, platform, or report fees.
Highlights
- Clients in over 200 countries and territories
- Trades stocks, options, futures, currencies, bonds, funds, and more on 150 global markets in a single unified platform
- Offers the lowest commissions
Price Range
- Min. Commission Fee: S$2.50
- Trading Commissions: 0.08%
Contact Information
- Address:
- #40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960
2. Moomoo SG – Best for Low Fees
A newcomer in the investment market, Moomoo SG entered the Singapore market in March 2021 and is a trading platform that is a wholly-owned subsidiary of NASDAQ-listed Futu Holdings. It gives its clients one-stop access to comprehensive professional-grade tools, real-time quotes, and level 2 market data, as well as a robust investment community.
Moomoo trades stocks, ETFs, options, warrants, funds, futures, and more. It also trades on the Singaporean market and the US, Hong Kong, and China.
Highlights
- Offers lifetime zero commission for US stocks
- Trade stocks, ETFs, options, funds, futures, and more
- Trade easily and immediately using their mobile app
Price Range
- Min. Commission Fee: 0.03%
- Trading Commissions: 0.0075%
Contact Information
- Website:
- Phone:
- +65 6439 1100
- Address:
- 1 Raffles Quay North Tower #39-02, Singapore 048583
- Operating Hours:
- Weekdays: 9:00 am to 6:00 pm
Reviews
“moomooo is an excellent trading platform with lots of freebies. The local Customer Service team is really superb in their services, prompt and always goes the extra mile to service customers. Thumbs Up”
“I opened my account last month, and so far so good. The opening was very easy, from submitting details to transferring funds and activating the account. I think everything was done in about 5-hrs, then I got my free Apple share the next day. The app is very intuitive, perhaps with too many details for beginners but it also enables you to want to learn more about stock investing. They also have these points reward & task centre which is fun.”
3. SAXO Markets – Best for Market Access and Minimal Fees
If you’re new to investing, SAXO Markets is a good option to start with. Established in 2006, SAXO Markets is part of the SAXO Group and is known for its relatively lower fees and no custody fees for Singapore stocks. It offers investors a combination of low fees, wide-range market access, and an intuitive user experience.
Currently, it trades stocks, futures, bonds, Forex, ETFs, mutual funds, and commodities. SAXO Markets is a great option if you want to use its online brokerage to purchase a wide range of financial instruments.
Highlights
- User-friendly trading tools and market insights to execute your trading strategies
- Interest based on your account plan – no lock-up period
- Access to more than 22,000+ stocks, and 6,400+ ETFs across 37 exchanges worldwide
Price Range
- Min. Commission Fee: No minimum
- Trading Commissions: 0.08%
Contact Information
- Website:
- Phone:
- +65 6303 7788
- Address:
- 88 Market Street CapitaSpring #31-01 Singapore 048948
- Operating Hours:
- Weekdays: 8:30 am to 5:30 pm
Reviews
“Saxo Markets trading is a very user-friendly platform for investment in Stock Market. The UI is very easy. All reports are available as needed. I have never faced any challenges so far with Saxo. Even their support is super responsive and professional.”
“I have been using the platform for the last 5 years. It is user-friendly and easy to navigate. The one thing I love about the platform is the regular updates / guidance through their seminars.”
4. Tiger Brokers – Best for Broad Market Access
Tiger Brokers is one of the cheapest online brokers in Singapore. This is how it maintains its competitive edge: low commission fees, no hidden fees, and easy access to global markets.
This online broker also offers real-time stock quotes, multilingual 24/7 customer service, and seasoned investors. Tiger Brokers trades in stocks, Forex, ETFs, futures, funds, and more.
Highlights
- No custody fees, deposit & withdrawal fees, currency exchange fees, inactivity fees,and account maintenance fees
- Excellent fund security – funds and investments are kept in a segregated bank account and a custodian account to ensure it doesn’t commingled with other accounts
- Supports U.S. equities, HK equities, ETFs, options, and futures
Price Range
- Min. Commission Fee: 0.03%
- Trading Commissions: 0.0075%
Contact Information
- Website:
- Phone:
- +65 6331 2277
- Address:
- 1 Raffles Place 35-61, Tower, #2, Singapore 048616
- Operating Hours:
- Weekdays: Open 24 hours
Reviews
“Have been using their Tiger app for trading for almost 2 months, easy and fast account sign up. A lot of features on their mobile app for market data. My trading experience has been good so far and I can track overall gains in a few clicks. One of the cheapest commission rates around. Have not tried their CS support so I can’t comment.”
“I have been using Tiger brokers for close to a year. I think it’s suitable for investors of all levels and it’s commission free for the first 180 days! Investors with a DBS account can deposit funds within seconds. Use referral code UHAYU7 to enjoy rewards together!”
5. Syfe Trade – Best for US Stocks & ETFs
Syfe Trade is the brainchild of Syfe – a robo-advisor established in 2019. Syfe Trade appeals to investors who are looking to invest in the US market at low commission rates. It is the only online platform that offers free monthly trades and competitive fees. Plus, it also offers fractional trading which allows investors to start investing from as low as USD $1, regardless of the share price.
Highlights
- Fractional trading – investors can start investing as low as USD $1 regardless of the share price
- Simple and easy-to-use interface
- Buy and sell over 10,000 US stocks and ETFs
Price Range
- Commission-free trades every month for all users
- Min. Commission Fee: S$1.98
- Trading Commissions: 0.06%
Contact Information
- Website:
- Phone:
- +65 3138 1215
- Address:
- #11-01 11th Floor, The House Of Eden, 4 Robinson Road, Singapore 048543
- Operating Hours:
- Every day: Open 24 hours
Reviews
“Syfe has been a very pleasant experience right from the start till now (almost 3 months now). Easy sign-up process, clear communications via email and the app, and excellent customer service. I always get a response within one working day. I would strongly recommend them for especially Syfe Trade – I enjoy using it. The UX and UI are really smooth.”
“Easy to navigate the app and the login is seamless. Would be good to integrate a business WhatsApp icon into the app so we can reach out for any issue easily.”
6. CGS-CIMB Securities – Best for a Wide Array of Securities
CGS-CIMB Securities International Pte Ltd is an integrated financial service provider and is a wholly-owned subsidiary of China Galaxy Securities Co. Ltd and CIM Group Sdn Bhd. CGS-CIMB’s online trading platform is iTrade and it allows investors to navigate over 30 global markets conveniently. It allows investors to trade in stocks, equities, bonds, ETFs, Forex, and more.
Highlights
- Wide range of asset classes – trade a variety of securities listed on exchanges across 10 countries
- Global market access – trades in five Asian and three US markets on a single platform
- Multi trading platforms – iTrade is for most users, iTrade Pro is for advanced traders, and a mobile app for on-the-go trading
Price Range
- Min. Commission Fee: S$18
- Trading Commissions: 0.18%
Contact Information
- Website:
- Phone:
- +65 6538 9889
- Address:
- 10 Marina Boulevard #09-01 Marina Bay Financial Centre Tower 2 Singapore 018983
- Operating Hours:
- Weekdays: 8:30 am to 6:00 pm
Reviews
“Best trading platform and good customer service. The recent wealth robo advisor platform is good for anyone to invest easily.”
“Great insights for my investments”
7. TD Ameritrade – Best for US Market Access
TD Ameritrade Singapore is known for its commission-free online trading of stocks, ETFs, and options in the US markets. Plus, access to a trading specialist is free – no minimum account balance or trading frequency. That said, TD Ameritrade is one of the best online brokerages in Singapore to buy US stocks.
TD Ameritrade’s trading platform, thinkorswim, was voted the “Most Preferred Platform” at INVEST Fair 2019.
Highlights
- Provides access to all its platforms and products – for scanning, charting, and technical analysis.
- No inactivity fees, no platform fees, and no custody fees.
- Commission-free when trading US exchange-listed online stock, ETFs, and options for all new and existing clients
Price Range
- Min. Commission Fee: No minimum
- Trading Commissions: Free for US exchange-listed online stock, ETF, and option trades
Contact Information
- Website:
- Phone:
- +65 6823 2250
- Address:
- 1 Temasek Ave, #15-02 Millenia Tower, Singapore 039192
- Operating Hours:
- Weekdays: 9:00 am to 5:00 pm
- Sundays: Open 24 hours
Reviews
“With TDA for 7 years. I must say I have no issues with the brokers, all problems I had were reasonably solved within the app or via calls by their representatives. The trading platform has one of the most modernized UI for users not to mention the low fees n free price feeds.”
8. DBS Vickers – Best for Singapore Stocks
For over 35 years, DBS Vickers had over 18 offices around Asia and Europe. It deals with stocks, bonds, ETFs, REITs, structured warrants, and more. With a DBS Vickers Cash Upfront Trading account, you can enjoy low commission fees and low minimum commission fees for buying Singapore stocks.
However, this is only applicable when “buying”. As such, it is a good option if you want long-term investments and doesn’t plan on selling the stocks soon.
Highlights
- Backed by DBS, making it one of the safest brokerages in Asia
- Zero brokerage fees for the first 5 DBS Vickers online trades
- Trade with Central Provident Fund (CPF)
Price Range
- Min. Commission Fee: S$25
- Trading Commissions:
- If < S$50,000: 0.28%
- If < S$100,000: 0.22%
- If > S$100,000: 0.18%
Contact Information
- Website:
- Phone:
- +65 6327 2288
- Address:
- 12 Marina Boulevard, #10-01 Marina Bay Financial Centre Tower 3 Singapore 018982
- Operating Hours:
- Weekdays: 8:30 am to 4:30 pm
9. uSMART – Best for Specially-Curated Investing Content for Beginners
With uSMART, you can enjoy zero commission fees for SG, HK, and US stocks until the end of 2022. On top of that, it also utilizes innovative SMART features and an extensive educational approach.
It features specially-curated educational content, making uSMART an excellent option for new investors. Expert investors can take advantage of its low fees.uSMART gives you access to US options, ETFs, equities, fractional shares, and more.
Highlights
- US fractional shares trading, high-quality stocks, and ETFs for as low as S$1
- No commission for US, HK, SG stocks, and ETFs
- Free and interactive educational content and features for new investors
Price Range
- Min. Commission Fee: No minimum until 31 December 2022
- Trading Commissions: 0.0075%
Contact Information
- Website:
- Phone:
- +65 6303 0663
- Address:
- 3 Phillip St, #12-04 ROYAL GROUP BUILDING, Singapore 048693
- Operating Hours:
- Weekdays: 8:30 am to 6:00 pm
Reviews
“Great way to learn how to invest. The app provides a number of stock market-related videos and also has personal finance articles written by experts. What I like the most is the Watchlist feature where you can put up stocks you want to watch and follow their trends in the market.”
“I’m sure for first-time investors, usmart’s platform will be a great one-stop place to start off with stock trading. The interface is intuitive and easy to use. I’m glad to have found them in my many hours of searching for an online stock broker.”
10. IG – Best for CFD Trading on Various Markets
A well-established and global broker, IG is the world’s number 1 CFD provider. It offers access to more than 17,000 markets and over 90 FX pairs. Additionally, it has one of the largest selections of CFDs on the market.
No matter what CFDs, such as crypto, or FX pair you’re looking to trade, you can find them on the platform. One of its strongest points is its low trading costs, user-friendly trading platforms, and newbie-friendly environment.
Highlights
- Only available for CFD trading
- Trade CFDs across a wide range of instruments and products, such as forex, cryptos, shares, ETFs, SG-denominated indices, options, and more
- No deposit fees for bank transfers, FAST, and PayNow
Price Range
- Min. Commission Fee: S$10 minimum for equity CFDs per open/close
Contact Information
- Website:
- Phone:
- +65 6390 5118
- Address:
- 30 Raffles Pl, Singapore 048622
Summary
Here is a comparison of the asset class offered with the rates charged for the Singapore market of some of the best brokers in Singapore.
|
Brokerage Firms |
Best For |
Asset Class Offered |
Minimum Fee and Trading Fee |
|
Interactive Brokers |
Overall and International Market Access |
Stocks, Currencies, Bonds, Mutual Funds, Futures, ETFs, Cryptocurrencies, Gold, Silver, And More |
Min. Commission Fee: S$2.50 Trading Commissions: 0.08% |
|
Moomoo SG |
Low Fees |
Stocks, ETFs, Options, Warrants, Funds, Futures, Unit Trusts, Margin, ADR, REIts |
Min. Commission Fee: 0.03% Trading Commissions: 0.0075% |
|
SAXO Markets |
Market Access and Minimal Fees |
Stocks, Futures, Bonds, Forex, ETFs, Mutual Funds, Options, Cryptocurrency ETPs, Unit Trusts, And Commodities |
Min. Commission Fee: No minimum Trading Commissions: 0.08% |
|
Tiger Brokers |
Broad Market Access |
Stocks, ETFs, Options, Warrants, CBBCs, Futures, Unit trusts, REITs |
Min. Commission Fee: 0.03% Trading Commissions: 0.0075% |
|
Syfe Trade |
US Stocks & ETFs |
Stocks, ETFs, REITs, fractional trading, and more |
Commission-free: trades every month for all users Min. Commission Fee: S$1.98 Trading Commissions: 0.06% |
|
CGS-CIMB Securities |
Wide Array of Securities |
Stocks, Equities, Bonds, ETFs, Forex, And More. |
Min. Commission Fee: S$18 Trading Commissions: 0.18% |
|
TD Ameritrade |
US Market Access |
Stocks, ETFs, and options in the US markets |
Min. Commission Fee: No minimum Trading Commissions: Free for US exchange-listed online stock, ETF, and option trades |
|
DBS Vickers |
Singapore Stocks |
ADR/GDR, Warrants, REITs, Bonds, Preference shares, Common shares, ETFs, CBBCs, Daily leverage certificates |
Min. Commission Fee: S$25 Trading Commissions: depends on the trading value |
|
uSMART |
Specially-Curated Investing Content |
US options, ETFs, equities, fractional shares, and more.
|
Min. Commission Fee: No minimum until 31 December 2022 Trading Commissions: 0.0075% |
|
IG |
CFD Trading on Various Markets |
CFD and FX pairs |
Min. Commission Fee: S$10 minimum for equity CFDs per open/close |
Closing
Investing will help grow your money. But to start investing in stocks, ETFs, and other asset classes, you need a broker. Finding the best broker in Singapore that is aligned with your investment goals, educational needs, and learning style is essential to your success.
Key Takeaways:
- An online brokerage facilitates the buying and selling of a financial instrument.
- To start investing, you first need to have a brokerage account to buy and sell investment products
- When choosing an online brokerage firm, consider the available trading platform and mobile apps. Pick a platform that is suitable for your usage and stylistic preferences.
- Aside from asset classes offered, you must also take into account the associated fees, such as commission fees and trading fees as these may eat away at your returns.
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