Top 10 Best Online Brokers for Penny Stocks in Singapore: Buy and Sell SGX Penny Stocks
Last Updated on 1 month ago by Antony C.
Getting a brokerage account to start trading penny stocks in Singapore is quite simple, but unlike buying common stocks, buying penny stocks will need you to put more priority into the trading fees.
Best Brokerage For Penny Stocks (SGX, US & HKEX)
BEST FOR: Beginner Retail Investors and Professional Traders Looking For All-In-One Trading App to Invest in SG, US, HK and China.
securely through Moomoo’s website
With multiple trading platforms in Singapore, choosing the perfect one can be confusing. As an investor myself, I’ve made in-depth comparison of the top stock trading platforms in Singapore, so you can find one that is best for you.
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Best Online Brokers for Penny Stocks in Singapore (Ranked & Handpicked)
Reviewing +20 Best MAS Licensed Online Brokerage in Singapore, here is our picks for best online brokerages for penny stocks in Singapore.
PS. Penny Stock Broker Rating is specifically rated for penny stocks and will differ from other ratings.
Now, let’s take a look at each best penny stock trading platforms available in Singapore:
- Moomoo: The best online broker for penny stocks in 2024. Low trading and commission fees, lifetime $0 trading commission or US stocks, access to ETF, fund and options trading. Powerful research tools.
- WeBull: Low trading and commission fees. Simple web and mobile trading platform. Fast and easy account opening. User-friendly mobile trading platform.
- FSMOne: Acceptable trading and commission fees. Extensive trading tools and products.
- Saxo: Acceptable trading and commission fees. Trading platform with outstanding research tools. Broad product portfolio.
- Philip Securities: Acceptable trading and commission fees. Great trading platforms and research. US and international stocks.
- Interactive Brokers: Acceptable trading and commission fees. Extreme wide range of products. In-depth research tools.
- DBS Vicker: Relatively high trading and commission fees. Direct linking of your bank to your brokerage account. Trusted by millions of Singaporeans.
- Plus500: Trading and commission fee is calculated by per share basis which can quickly adds up for penny stocks. User friendly mobile and desktop trading. Quick and easy account opening. Great customer service.
- uSmart: Trading and commission fee is calculated by per share basis which can quickly adds up for penny stocks. Great user experience with their trading App. Wide range of products. Many great research tools.
- Tiger Brokers: Trading and commission fees is calculated by per shar basis which can become very expensive for penny stocks. Good user experience with their trading App. Extensive stock and ETF selection.
Trading Fees For The Best Trading Platform for Penny Stocks
As you may have realized, my main focus on how we rank the brokerage for penny stocks is mainly focused on the fees.
- Brokerage that is ranked the highest either have no fees, or are calculated by the trade value.
- Brokerage that is ranked the lowest have their fees calculated by per shares.
Since penny stocks are priced extremely low per share, each of your transaction (buy or sell) will involve a large number of shares making it important to understand how your broker calculates the trading and commission fees.
| Trading Platform (SGX) | Penny Stock Broker Rating | Min. Fees | Trading Commissions | Promotion |
|---|---|---|---|---|
 Moomoo Singapore | ☆ 4.6 / 5.0 | SG: $0.99 US: $0.99 | SG: 0.03% Trade Value US: $0 for Lifetime | Get Free Shares + Perks |
 Longbridge Singapore | ☆ 4.5 / 5.0 | SG: $0.99 US: $0.99 | SG: 0.03% Trade Value US: Min. $0.99/ Order, $0.003/ Share | Get Free Shares + Perks |
 WeBull Singapore | ☆ 4.5 / 5.0 | SG: $0.80 US: $0.00* | SG: 0.025% Trade Value US: Min. USD $0.89, Max. 0.030% Trade Amount | Get Free Shares + Perks |
 FSMOne | ☆ 4.0 / 5.0 | SG: $8.80 US: $8.80 | SG: 0.08% Trade Value US: Min. $3.80/ Order, Max. 0.08% Trade Value | None |
 Saxo Markets | ☆ 4.0 / 5.0 | SG: $9.00 US: $2.00 | SG: 0.15% Trade Value US: 0.02% to 0.06% Trade Value | None |
 Phillip Securities | ☆ 3.7 / 5.0 | SG: $25.00 US: $1.88 | SG: 0.08% Trade Value US: 0.50% Trade Value | None |
 Interactive Brokers | ☆ 3.5 / 5.0 | SG: $2.50 US: $1.00 | SG: 0.08% Trade Value US: 1.0% Trade Value | None |
 DBS Vickers | ☆ 3.5 / 5.0 | SG: $10.80 US: $19.62/ Order | SG: 0.12% Trade Value US: 0.15% to 0.45% Trade Value | None |
 Prosperus | ☆ 3.2 / 5.0 | SG: $0.00* US: $5.00 | SG: 0.10% Trade Value US: $0.01/ Share | Get Free Shares |
 uSMART | ☆ 3.2 / 5.0 | SG: $1.00 US: $1.50 | SG: 0.02% Trade Value US: Min. $0.003/ Share, Max. 0.50% Trade Value | Get Cash Vouchers |
 Tiger Brokers | ☆ 3.2 / 5.0 | SG: $0.99 US: Min. $1/ Order, $0.005/ Share, Max. 0.5% Trade Value | SG: 0.03% Trade Value US: Min. $0.99/ Order, $0.005/ Share, Max. 0.5% Trade Value | Get Free Share |
| Fees Min & Max | NA | SG: Min. $0.00*, Max.$25 US: Min. $0.00*, Max. 0.5% Trade Value | SG: Min. 0.02% Trade Value, Max. 0.12% Trade Value US: Min. $0.00 Lifetime, Max. 0.5% Trade Value | NA |
Note: Data are consolidated, checked for accuracy and ensure outmost reliability by the Author through hours of research into each of the brokerage platforms, the author aims to provide the most accurate data by following strictly according to our editorial guidelines but always do your own due diligence before investing. Fees are for Singapore and US Listed Stocks only.
Moomoo: Best Penny Stock Broker in Singapore (Editor’s Pick)
Moomoo Singapore
Summary
Moomoo Singapore is a low cost trading platform that let anyone to buy and sell penny stock with ease. Offering advance trading tools for options traders and investors, it have one of the lowest trading and commission fees. Designed for US focus portfolio with access to SGX and Hong Kong stocks. What’s more it have one of the best customer service.
| Assessment Criteria | My Thoughts |
|---|---|
| Ease-of-Use | UI/UX design is intuitive and very easy to use even for beginner investors, the buttons are big enough for my big fingers. |
| Mobile App Experience | Both iOS and Android App are available. In my opinion the mobile experience is probably the best. |
| Range of Markets | United States, Singapore and Hong Kong / China. |
| Range of Features | Advanced charting and valuation tools are offered for free. |
| Trading & Commission Fees | Probably the cheapest online broker for both beginner and professionals traders and investors. |
| MAS Licensed Broker | Yes! Very important! |
| Overall Score | Amazing! I am actually using it for most of my trades. |
Current Promotions and Discounts
- Claim up to S$1,200* worth of Free Stocks + Trading Option Gifts + Exclusive Bonus.
- Earn a return on idle cash with Moomoo Cash Plus
- Low commission fee for SG & HK stocks, ETFs & options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
How Did I Pick The Best Brokers for Trading Penny Stocks?
- I checked +20 online brokers, doing in-depth research or trying out their services using real money.
- I put priority in looking deep into their penny stocks trading fees.
- I tested their trading platforms and trading apps for ease-of-use and overall user experience
- I look into their trading tools and charting tools offered for investors and traders.
- I also took into account only brokerage which are MAS Licensed Broker are included in this list.
- Finally, I checked for any hidden cost or weird terms and condition a penny stock trader need to know.
Still Finalizing Your Broker for Trading Penny Stocks?
As an investor myself, I generally use Moomoo for most of my trade, it is low cost, easy-to-use and offers many free perks. And the good news is, they are currently offering some sweet promotions for all new users.
And if you are interested, you can go and check it out yourself!
- Claim up to S$1,200* worth of Free Stocks + Trading Option Gifts + Exclusive Bonus.
- Earn a return on idle cash with Moomoo Cash Plus
- Low commission fee for SG & HK stocks, ETFs & options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
Did I helped you to save some time on your research? I sure hope I did. I’ve spend long hours getting this data so you don’t have to.
Now, let’s take a look at these few other articles that you maybe interested!
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Disclaimer: All views expressed in the article are independent opinion of the author, based on my own trading and investing experience. Neither the companies mentioned or its affiliates shall be liable for the content of the information provided. The information was accurate to the best knowledge of the author. This advertisement has not been reviewed by the Monetary Authority of Singapore. * T&C Applies
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Antony C. is a Singaporean dividend investor focused on building passive income through REITs, ETFs, and Dividend Stocks. With 15+ years of experience investing in Singapore, Hong Kong, and China markets, he founded IncomeBuddies.com to share practical wealth-building strategies tested in his own portfolio since 2008. His expertise has been featured in Yahoo Finance, Nasdaq, and NFAA, and he’s the published book author of "Start Small, Dream Big".