Best Brokerage Account Singapore: Compare Top Brokers

Finding the right place to invest your money can feel overwhelming. There are many options available for people who want to grow their wealth. This guide will help you compare the top choices available locally.

It is important to look at fees, features, and what markets you can access. These factors make a big difference in your investing experience. A good platform lets you buy stocks, ETFs, and other products easily.

Singapore offers both local and international brokers. Each serves different needs, from long-term savings to active trading. Always check that your chosen provider is regulated by the Monetary Authority of Singapore for safety.

We will walk you through various types of accounts, commission structures, and key features. This helps you pick a service that fits your personal investment goals.

Key Takeaways

• Compare fees and features across different platforms.
• Look for access to both local and global markets.
• Ensure the broker is regulated for your protection.
• Match the platform to your investment style and goals.
• Low costs can help improve your overall returns.

Understanding Online Brokerages in Singapore

Getting started with investing means learning about the tools available. Online services make it simple to enter financial markets from home. They connect you to opportunities worldwide with just a few clicks.

These digital services handle buying and selling for you. They provide access to various investment products. This makes growing your wealth more accessible than ever before.

What is an Online Brokerage?

An online brokerage serves as your digital gateway to financial markets. It lets you purchase stocks, bonds, and ETFs through a web interface or mobile app. This eliminates the need for traditional phone-based orders.

Unlike direct registration systems, these platforms hold assets on your behalf. You can maintain multiple relationships with different providers. Each offers unique features and market access.

These services execute orders on exchanges like SGX or NYSE. They charge a small fee for each transaction. This commission covers their role as market intermediaries.

How Online Brokerages Work

The process begins when you place an order through their platform. Your broker then routes this request to the appropriate exchange. Execution happens almost instantly during market hours.

For international investments, shares are held in custodian arrangements. This differs from local securities which can be registered directly. Both methods provide ownership rights.

Modern platforms offer real-time pricing and advanced tools. Research resources help you make informed decisions. Educational materials support learning.

Regulation by the Monetary Authority of Singapore ensures safety. This oversight protects your funds and personal information. Always verify MAS registration before investing.

Fee structures vary significantly between providers. Some charge per trade while others offer flat-rate pricing. Understanding these costs helps maximize returns.

Market access ranges from local exchanges to global opportunities. Many platforms now offer international stocks and ETFs. This diversification helps spread risk.

User experience differs across platforms. Some focus on simplicity for beginners. Others provide advanced tools for active participants.

Choosing the right service begins with understanding how they operate. Consider your investment goals and preferred markets. The ideal platform matches your specific needs.

Types of Brokerage Accounts Available

Understanding different account structures helps you make smarter investing decisions. Each type serves specific purposes and suits various strategies.

Two main categories dominate the landscape here. Your choice depends on what markets you want to access and how you prefer to hold assets.

CDP-Linked Accounts Explained

These accounts connect directly to your Central Depository (CDP) account. This gives you full ownership of Singapore-listed shares.

Your name appears on the company’s register as the actual shareholder. This arrangement provides maximum transparency and control.

This option works well for those focusing on local markets. It eliminates third-party custody concerns for SGX-listed securities.

Traditional providers typically offer this account type. It remains popular among investors who prefer direct asset registration.

Custodian Accounts Explained

Custodian arrangements involve your broker holding shares on your behalf. This simplifies the process for international investments.

The platform acts as your intermediary with foreign markets. They handle all regulatory requirements and settlement processes.

This setup often comes with lower transaction costs. Many modern platforms specialize in this account structure.

Services like Longbridge and Moomoo use this model extensively. It makes global market access remarkably straightforward.

Key differences between these account types matter greatly. CDP-linked options provide direct ownership but may have higher trading costs.

Custodian accounts reduce paperwork and often feature lower fees. However, your assets are held under the broker’s name.

Your primary market focus should guide your selection. Local investors might prefer CDP links for SGX stocks.

Those seeking global diversification often choose custodian arrangements. Both options are available through MAS-regulated providers.

Beginners might find custodian accounts more user-friendly. They simplify the investing process and keep costs manageable.

Always consider your long-term strategy when choosing. The right account type supports your financial goals effectively.

Key Fees to Consider When Choosing a Broker

Understanding the cost structure of your investment platform is crucial for maximizing returns. Different providers charge various fees that can impact your overall profitability.

These costs vary by service and market access. Knowing what to look for helps you make informed decisions.

Commission Fees Structure

Commission fees are charges for executing trades. They differ significantly between providers and markets.

Some platforms offer zero commission for certain products like US stocks. Others charge a fixed rate per transaction.

For example, Saxo charges S$3.00 for Singapore stocks but nothing for US market trades. Always check the fee schedule for your target investments.

Trading and Platform Fees

Beyond commissions, you might encounter additional trading costs. These include platform fees and clearing charges.

Such fees typically range from 0.08% to 0.275% of your trade value. They apply to each transaction you make.

Active participants should pay special attention to these percentages. They can substantially affect your net gains over time.

Deposit and Withdrawal Charges

Some services apply fees for moving money in or out. These charges vary widely between providers.

Many modern platforms offer free fund transfers. Others might charge a small amount for certain payment methods.

Always verify these costs before selecting your service. They can influence your overall experience.

Other Important Fee Considerations

Several additional costs might apply to your investments. Regulatory fees like stamp duties are mandatory for certain transactions.

Management fees may apply for account maintenance. Spreads affect forex and CFD trading costs.

ETFs carry expense ratios that reduce returns annually. Lower ratios generally benefit long-term investors.

Custodian arrangements often feature lower overall costs than CDP-linked options. This makes them attractive for frequent participants.

These costs accumulate quickly for active participants. They can significantly reduce your investment profits over time.

Compare examples like Moomoo’s low US stock fees versus FSMOne’s flat ETF charges. Your trading frequency should guide your platform selection.

Always review the complete fee schedule before committing. The right choice depends on your personal strategy and market focus.

Top Brokerage Platforms for Singapore Stocks

When investing in local markets, cost efficiency becomes your best friend. The right service can help you keep more of your hard-earned money working for you.

Several providers stand out for their competitive pricing on SGX trades. These platforms make local stock investing accessible to everyone.

Lowest Cost Options for SGX Trading

Modern digital services have revolutionized pricing for local market access. Many now offer remarkably low commission structures.

Longbridge leads with the most affordable minimum fee at just S$0.99. Webull follows closely at S$1.60 per transaction.

Moomoo presents an attractive option at S$1.98 with current promotions. They even offer zero commission for new users during their first year.

Tiger Brokers and Syfe Trade complete the low-cost lineup. All charge 0.06% or less with minimums under S$2.

These rates represent significant savings compared to traditional providers. They make frequent trading much more economical.

CDP vs Custodian Account Comparisons

Your choice between these two structures impacts both costs and control. Each serves different investor preferences.

Custodian arrangements typically offer lower fees. Rates can be as low as 0.03% with minimal transaction charges.

CDP-linked options provide direct share ownership. Your name appears on the company register for maximum transparency.

Traditional services like DBS Vickers use this model. Their minimum fees range from S$10.90 to S$27.25.

POEMS charges S$25 minimum for CDP-linked trades. This makes them better suited for larger transactions.

Cost-conscious investors often prefer custodian accounts. Active participants benefit from lower per-trade expenses.

Long-term holders might choose CDP for direct control. Both options are regulated by the Monetary Authority of Singapore for safety.

Current promotions add extra value for new investors. Longbridge waives platform fees for 90 days for sign-ups.

For substantial trades, flat-fee services like FSMOne work well. They charge S$8.80 for ETF transactions regardless of size.

April 2025 comparisons show these pricing structures remain competitive. Always check current rates before opening your relationship.

Best Platforms for US Stocks and ETFs

Expanding your portfolio with American companies offers exciting growth potential. Many platforms now make this market access surprisingly affordable.

Different services suit various trading styles and budget levels. Understanding fee structures helps you pick the right match.

Commission-Free Trading Options

Several providers now offer zero commission trading for US markets. This removes a significant cost barrier for regular investors.

Longbridge and Moomoo both eliminate commission fees entirely. They charge only a small platform fee of US$0.99 per transaction.

These arrangements work well for frequent traders. They keep costs predictable regardless of trade frequency.

Moomoo particularly appeals to beginners with its user-friendly mobile app. Their current promotion offers zero fees for new users during the first year.

Cost Comparison for US Market Access

Fee structures vary significantly between providers. Your ideal choice depends on trade size and frequency.

Webull offers the lowest minimum at just US$0.50. Their 0.025% commission rate benefits small trades.

CMC Invest provides free trades each month after meeting certain conditions. Their standard rate is 0.03% with a US$3 minimum.

For ETF enthusiasts, FSMOne charges a flat US$3.80 fee. This becomes very cost-effective for larger purchase amounts.

Interactive Brokers uses a different approach with per-share pricing. They charge US$1 minimum plus US$0.005 per share.

This structure benefits professionals making large trades. Tiger Brokers also offers competitive US market access under MAS regulation.

Always consider currency conversion fees when investing internationally. These can add to your overall costs.

Diversifying into US markets strengthens your portfolio. These platforms make global investing accessible to everyone.

Brokerage Options for CPF and SRS Investments

Using your retirement funds for investing requires special attention to platform selection. Not all services can handle these government-regulated savings vehicles.

The Monetary Authority Singapore approves only nine providers for this purpose. These platforms follow strict rules to protect your long-term savings.

MAS-Approved CPF Investment Platforms

Traditional financial institutions dominate the approved list. DBS Vickers, OCBC Securities, and UOB Kay-Hian all offer this service.

FSMOne and POEMS provide modern alternatives with competitive features. CIMB Securities, Maybank Kim Eng, Lim & Tan, and KGI Securities complete the selection.

These providers understand the unique requirements of retirement fund investing. They ensure compliance with all CPF investment guidelines.

Your chosen platform must be on this approved list. Using unauthorized services could lead to penalties or fund ineligibility.

Cost Analysis for CPF/SRS Trading

Fee structures differ significantly between these approved providers. Understanding these costs helps maximize your retirement savings growth.

POEMS charges a low percentage-based fee of 0.08% for local stock transactions. This works well for smaller trade amounts.

FSMOne uses a flat fee structure of S$8.80 per trade. This becomes more economical for larger investment amounts.

For Regular Savings Plans, the cost difference continues. POEMS charges 0.025% monthly of your portfolio value with a S$1 minimum.

FSMOne keeps it simple with a fixed S$1 charge for each purchase. This predictability helps with long-term planning.

Popular international platforms like Tiger Brokers or Moomoo cannot handle these funds. They focus on cash-based investing instead.

Always compare fees based on your typical transaction size. POEMS often works better for smaller regular investments.

FSMOne’s flat fee structure benefits those making larger purchases. Both options provide safe, regulated environments for your retirement funds.

Long-term investors might appreciate Regular Savings Plan options. These facilitate dollar-cost averaging into your chosen investments.

Using approved platforms ensures your retirement savings remain compliant. It also protects your eligibility for future government schemes.

Regular Savings Plan (RSP) Options Compared

Building wealth gradually through regular investing can transform your financial future. These plans let you invest fixed amounts automatically each month.

This approach helps you develop consistent investing habits. It removes the stress of trying to time market movements perfectly.

Different platforms offer various RSP features and fee structures. Your choice depends on whether you prefer local or international markets.

RSP for Singapore Markets

FSMOne stands out for ETF enthusiasts with zero processing fees. They provide access to over 200 ETFs across multiple markets.

This makes them ideal for building diversified portfolios. Their flat fee structure works well for larger investment amounts.

POEMS uses a different approach with percentage-based fees. They charge 0.025% monthly of your portfolio value for SG stocks and ETFs.

This system benefits those starting with smaller regular amounts. Their fees cap at a reasonable maximum to protect your returns.

OCBC offers a blue-chip plan focusing on specific stocks. Their 0.3% fee or S$5 per counter works for targeted investments.

For Singapore market RSPs, FSMOne and POEMS lead with competitive costs. Both help you implement dollar-cost averaging strategies effectively.

RSP for International Markets

Global diversification becomes easy with international RSP options. Webull and Tiger Brokers offer attractive solutions for US and HK markets.

Their low minimum fees make global investing accessible. You can build positions in international companies with small regular contributions.

These platforms simplify the process of investing abroad. They handle currency conversion and international settlement automatically.

Current promotions can make these plans even more affordable. Some providers offer fee waivers for new users during initial periods.

Beginners often find RSPs perfect for starting their investment journey. The automatic nature helps develop disciplined financial habits.

Regular savings plans reduce market timing risks significantly. They let you focus on long-term wealth building rather than short-term fluctuations.

Consider starting with small amounts that fit your budget. As your confidence grows, you can increase your monthly contributions gradually.

Essential Features of a Good Trading Platform

Selecting the right tools for your investment journey can significantly enhance your experience and results. The ideal service should match your skill level while providing room to grow.

Modern platforms offer various features to support different strategies. From intuitive designs to advanced analytics, these tools help you make informed decisions.

Your choice depends on whether you’re just starting or have experience. The right balance of cost and functionality makes a real difference.

User Interface and Experience

A clean, intuitive design makes navigating your investments straightforward. Beginners especially benefit from platforms that simplify complex processes.

Moomoo stands out with its user-friendly mobile app and clear layout. Their interface guides new investors through each step confidently.

Mobile access allows trading from anywhere with full functionality. This convenience supports busy lifestyles and quick decision-making.

Demo accounts let you test features without financial risk. They provide valuable practice before using real funds.

Educational resources help beginners learn investing basics. Tutorials and articles build knowledge gradually.

Tools and Research Resources

Advanced platforms offer powerful tools for experienced participants. Interactive Brokers provides extensive charting and technical indicators.

Real-time data feeds ensure you have current market information. This is essential for active strategies requiring quick reactions.

Research materials from trusted sources support informed choices. Market analysis and company reports add depth to your decisions.

Fractional shares make expensive stocks accessible to smaller budgets. This feature lets you diversify without large amounts.

Fast execution speeds prevent missed opportunities during volatile periods. Reliable performance matters during important transactions.

Security remains paramount regardless of your experience level. MAS regulation ensures platform reliability and fund protection.

Consider starting with simpler services if you’re new to investing. You can transition to more advanced options as your skills develop.

The right platform balances cost with features that match your needs. Your investment style should guide this important decision.

Market Access and Investment Products

Building a diverse portfolio starts with understanding what markets and instruments you can access. The right choices here can significantly impact your long-term results.

Different providers specialize in various geographic regions and product types. Some focus on local opportunities while others open global doors.

Your selection should match both your current interests and future goals. This ensures your platform grows with you as your strategy evolves.

Local vs International Market Coverage

Singapore-based services typically offer strong SGX coverage. They understand local companies and market dynamics thoroughly.

Traditional providers often maintain this local focus. They provide deep access to Singapore-listed securities.

Modern digital platforms expand your horizons considerably. Services like Longbridge and Tiger Brokers connect you to US, Hong Kong, and Chinese markets.

This international access helps spread your risk across different economies. It also lets you invest in global industry leaders.

Interactive Brokers stands out for truly worldwide coverage. They offer entry to over 150 markets across multiple continents.

Saxo Markets serves experienced participants with extensive options. They provide over 30,000 instruments across various asset classes.

Your ideal choice depends on how broadly you want to diversify. Local investors might start with SGX-focused platforms.

Those seeking global exposure should consider international specialists. Many platforms now offer both local and overseas access.

Available Investment Instruments

The products available through your platform shape your strategy possibilities. Most services offer stocks and ETFs as foundation options.

Exchange-traded funds remain popular for their diversification benefits. They spread your money across multiple companies instantly.

Bonds provide income and stability for balanced portfolios. Some platforms offer government and corporate debt instruments.

Options and derivatives appeal to advanced strategies. These require more experience but offer sophisticated risk management.

Forex trading lets you participate in currency movements. This suits those interested in macroeconomic trends.

Specialized providers focus on particular product types. FSMOne excels in fund investments with extensive selection.

Beginners often start with straightforward stocks and ETFs. These provide good learning experiences with manageable complexity.

As your knowledge grows, you might explore additional instrument types. Always ensure your platform supports your desired products.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

Always verify that your desired markets and products are supported before committing. The right combination helps you build a robust portfolio.

International access remains crucial for proper diversification. It reduces your reliance on any single economy’s performance.

Consider starting with simpler instruments if you’re new to investing. You can gradually expand into more complex products as your confidence grows.

Your platform should offer room for this growth. This ensures it remains useful throughout your investment journey.

Security and Regulatory Considerations

Your financial safety matters most when choosing where to invest. Understanding how platforms protect your money and personal information gives peace of mind. This knowledge helps you make confident decisions about your financial future.

MAS Regulation and Investor Protection

The Monetary Authority Singapore oversees all financial services providers. This government body ensures companies follow strict rules and maintain high standards.

MAS licensing means your chosen platform operates legally and ethically. They must keep client funds separate from company money. This protects your investments even if the business faces difficulties.

All recommended services in this guide hold valid MAS licenses. Traditional names like DBS Vickers and OCBC Securities have long histories of compliance. Modern platforms like Moomoo and Tiger Brokers also meet these requirements.

Regulation provides multiple layers of protection for investors. It ensures proper accounting practices and regular audits. Companies must also maintain adequate capital reserves.

Always verify MAS registration before opening any investment relationship. You can check this information on the provider’s website or through the MAS Financial Institutions Directory.

Platform Security Features

Modern investment services use advanced technology to protect your information. Encryption scrambles data during transmission and storage. This prevents unauthorized access to your personal details.

Two-factor authentication adds an extra layer of login security. It requires both your password and a unique code from your mobile device. This system stops hackers even if they discover your password.

Secure login methods include biometric verification through fingerprint or facial recognition. These features make accessing your investments both safe and convenient.

Activity monitoring systems detect unusual behavior patterns. They can alert you to suspicious login attempts or transactions. This early warning system helps prevent potential problems.

While these features protect your account, remember that investment values can fluctuate. Market performance determines your portfolio’s worth, not platform security measures.

Traditional banks often provide additional reassurance through their established reputations. Their long history of financial service builds trust among conservative investors.

Digital platforms match this security while offering modern convenience. Their apps receive regular updates to address new threats and improve protection.

Security should remain your top priority when selecting where to invest. Larger amounts deserve extra attention to protection features. Always choose MAS-regulated services for maximum safety.

These measures work together to create a safe environment for growing your wealth. They let you focus on investment decisions rather than security concerns.

Choosing the Right Broker for Your Investment Style

Your personal approach to growing wealth determines which service fits you best. Different platforms cater to various strategies and experience levels. Matching your style with the right tools makes investing more effective and enjoyable.

For Beginner Investors

Starting your journey requires a platform that simplifies complex concepts. Look for services with intuitive interfaces and educational materials. These resources help you learn while building confidence.

Moomoo stands out with its user-friendly mobile app and clear guidance. They offer tutorials that explain basic concepts clearly. Their current promotion includes zero fees for new users during the first year.

Demo accounts let you practice without financial risk. This feature is perfect for learning how orders work. You can test strategies before using real money.

Custodian arrangements often work well for newcomers. They simplify the process with lower maintenance requirements. This lets you focus on learning rather than paperwork.

For Active Traders

Frequent participants need platforms with low costs and fast execution. Speed matters when markets move quickly. Advanced tools help identify opportunities.

Tiger Brokers offers competitive pricing for regular transactions. Their tiered structure benefits those making numerous trades. Real-time data keeps you informed.

Interactive Brokers provides professional-grade charting and analytics. These tools support technical analysis strategies. Their global market access suits diverse approaches.

Look for services with reliable order execution. This ensures your transactions happen at desired prices. Platform stability prevents missed opportunities.

For Long-Term Investors

Buy-and-hold strategies benefit from low ongoing costs. These investors prioritize stability over advanced features. Simple interfaces work well for occasional check-ins.

FSMOne excels for ETF enthusiasts with flat fee structures. Their S$8.80 charge per trade suits larger purchases. This predictability helps with long-term planning.

POEMS offers reasonable percentage-based fees for smaller amounts. Their Regular Savings Plan facilitates consistent investing. This approach builds positions gradually.

CDP-linked accounts provide direct ownership for Singapore stocks. This appeals to those focusing on local markets long-term. Traditional providers like DBS Vickers support this approach.

Your trading frequency should guide platform selection. Occasional investors might prefer simple flat-fee structures. Regular participants often benefit from percentage-based pricing.

Market access requirements vary by strategy. Global diversification needs platforms with international capabilities. Local focus might work with Singapore-specific services.

Always prioritize MAS-regulated providers for security. This ensures your funds receive proper protection. Demo accounts help test compatibility before committing.

The right choice balances cost with features matching your approach. Your investment style evolves over time. Choose a platform that can grow with your experience.

Best brokerage account singapore: Our Top Picks

After exploring various options, we’ve identified standout services that excel in different areas. Each offers unique advantages depending on your specific needs and goals.

Longbridge Singapore: Comprehensive Choice

This provider stands out for its balanced approach across multiple markets. They offer attractive pricing for Singapore, US, and Hong Kong stocks.

Their current promotion includes lifetime zero commission on US and HK trades. Local market fees remain among the lowest available.

This makes them ideal for investors seeking diversified global exposure. Their platform combines competitive costs with solid functionality.

Moomoo Singapore: Beginner-Friendly Option

New investors appreciate this service’s intuitive mobile application. It simplifies the learning process with clear navigation and educational resources.

They currently offer promotional zero commission deals for new users. This helps beginners start their journey without worrying about costs.

The interface guides users through each step confidently. Demo accounts provide risk-free practice before using real funds.

FSMOne: ETF Specialist

This platform excels for exchange-traded fund enthusiasts. They offer zero fees on regular savings plans and flat-rate pricing for larger trades.

Their selection includes over 200 ETFs across various markets. This diversity helps build well-rounded portfolios easily.

They also support CPF and SRS investments for retirement planning. Their straightforward approach suits long-term strategies.

POEMS: Retirement Fund Expert

This service specializes in CPF and SRS investment options. They offer competitive percentage-based fees that work well for various transaction sizes.

Their unit trust options provide additional diversification opportunities. They maintain full compliance with all regulatory requirements.

This makes them reliable for retirement-focused investing. Their established reputation adds confidence for conservative investors.

• All recommended providers operate under Monetary Authority supervision
• Each service focuses on different investor needs and preferences
• Current promotions can provide additional value for new users
• Your primary investment focus should guide your final selection
• These options cover most strategies from active trading to long-term holding

We suggest visiting each provider’s website for the latest features and pricing. Your ideal choice depends on whether you prioritize costs, ease of use, or specific product access.

Remember that investment values can fluctuate regardless of your platform choice. These services simply provide the tools for your wealth-building journey.

Conclusion

Selecting the right platform for your financial journey requires careful thought. Consider fees, available features, and your personal investment approach.

Always prioritize safety by choosing providers regulated by the Monetary Authority. Our top picks include Longbridge for overall value, Moomoo for newcomers, FSMOne for ETFs, and POEMS for CPF/SRS needs.

Evaluate your goals—whether you trade often, invest long-term, or use retirement funds. Remember to compare costs, especially if you make frequent trades.

Try a demo or start small to test a service before fully committing. While promotions offer short-term perks, focus on sustainable long-term expenses.

Take that first step today. Pick a service that truly fits your strategy and share your thoughts below!