Best Stock Brokerage Account For Beginners in Singapore (Updated)
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Are you feeling lost trying to find the right stock trading platform to start buying and selling stocks?
With over 20 trading platforms available in Singapore, choosing the best stocks trading platform can be confusing.
To help you save time and money, our team have compared the top stock brokerage in Singapore, so you can find one that is best for you.
Best Online Stock Brokerage Accounts and Stock Trading Platform in Singapore (Handpicked)
Cheapest Online Broker for Investors
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
Beginner Friendly Trading Platform
BEST FOR: General Investors and Traders Looking to Invest Internationally in SG, US, HK and China stock market.
securely through Webull’s website
Multi-Market Trading Brokerage
BEST FOR: Multi-Market Investors and Professional Traders to Invest in SG, US, UK, HK, China, Malaysia and Europe.
Referral Code: BUDDIES
(Get $20 Cash Credits)
Best Singapore Stock Brokerage Account Comparison
Finding the best trading platforms is determined by many different factors such as platform’s user friendliness, availability of mobile trading App, range of market access, and product offerings such as stocks, ETFs, bonds, options and margin trading.
Honestly, finding the perfect platform can be quite overwhelming.
With trading fees ranging from 0.02% to over 0.30% of your trade value, I’ve made a comparison chart to quickly looking into each of their trading fees, helping you to choose the best stock brokerage platform in Singapore.
Although trading fees a big part of assessment in finding the best online broker for stocks investing and trading. The top online broker should offer seamless trading experience and even dedicated trading App. With this in mind, I’ve handpicked the best online brokerage for different investors to start trading stocks with ease.
1. Moomoo: Best Cheapest Online Trading Platform For Beginners (Editor’s Pick)
Minimum investment: $0
Stock/ETF Commission Fees: $0 for US, 0.03% for SG, HK
Options Fees: $0.65 Per Contract
Markets: United States, Hong Kong, China, Singapore
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
Promotions and Discounts
- Extra S$20* FREE Cash Coupon.
- Claim 4 x FREE stock bundle worth S$280* with $10,000 deposit & 8 buy trades.
- Get additional S$260* FREE AAPL stock with $100,000 deposit.
- Earn 31 days 6.8%* p.a. return on idle cash with Moomoo Cash Plus
- Low commission fee for SG and HK stocks, ETFs and options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
2. Webull: Best Cheapest Online Broker For Stock Trading in US and HK
Minimum investment: $0
Stock/ETF Commission Fees: $0 & 0.025% thereafter for US, 0.03% for HK, 0.025% for SG
Options Fees: $0.55 Per Contract
Markets: United States, Hong Kong and Singapore
Suitable For: Beginner and Experience investors or trader looking to invest both locally and internationally.
Promotions and Discounts
- Claim up to $5,000 FREE Share when you sign up a new account here.
- $0 commission free for US stocks, ETFs, and options.
- 3-Years $0 commission for SG stocks, ETFs, and options.
- Low commission fee for SG, US and HK stocks, ETFs, mutual funds and options.
Webull Promo: Low Commission + Free Stock
3. uSmart: Best HK and US Options Trading and Fractional Shares Online Stock Brokerage
Best Low Cost Fractional Share Online Trading App For Investors
Minimum investment: $0
Stock/ETF Commission Fees: US ($0*), HK (0.024%), SG (0.02%)
Options: US (USD 0.50/ Contract)
Products: Stocks, ETFs, Options, Futures, Forex, Structured Products, Fractional Shares
Markets: SG, HK, US
Suitable For: Beginner and Experience options trader looking to invest in US and HK.
Promotions and Discounts
- Do not offer any promotion or discount.
4. Prosperus: Best Multi Market, Multi-Assets, One Account Online Stock Brokerage
Best Multi-Market, Multi-Currency, Low Cost Online Trading App For Investors
Referral Code: BUDDIES
(Get $20 Cash Credits)
Minimum investment: $0
Stock/ETF Commission Fees: SG (0.06%), HK (0.15%), CN (0.12%) and US ($0.01/share)
Products: Stocks, ETFs, Options, Futures, Funds, FX, CFDs, Bonds, CryptoFX
Markets: SG, HK, CN, US, UK, MY, AUS, CA, EU Regions
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
Promotions and Discounts
- Claim up to $120 FREE Cash when make $100 deposit with trades
- Low commission fee for Singapore, HK, CN, MY, AUS, UK, Europe up to 30 markets and flat fee for US market.
- Special Bonus of SGD$20 FREE Cash when signup with our referral code: BUDDIES
ProsperUs Referral Code: BUDDIES
5. Tiger Brokers: Best International Stocks Trading Platform
Best For International Market
Minimum investment: $0
Stock/ETF Commission Fees: 0.05% for US, 0.06% for SG, HK, CN, 0.10% for AUS
Markets: SG, US, HK, CN, AUS
Suitable For: Intermediate and Experienced Traders and Investors Looking to Invest In Australia.
Promotions and Discounts
- Claim Free stocks when sign up a new account with our link.
- Low commission fee to trade US, HK, SG stocks, ETFs, mutual funds and options.
Promo: Low Commission + Free Stock
6. DBS Vickers: Best Local Bank Online Trading Platform
Best Local Bank Stock Trading
Minimum investment: $0
Stock/ETF Commission Fees: 0.28% for Cash Account and 0.12% for Cash Upfront Account
Markets: SG, US, HK, CN, AUS, JP
Suitable For: People who just want to try using their bank account.
Promotions and Discounts
- Do not offer any promotion or discount.
7. SAXO: Best Multi Market Online Stock Brokerage
Best For Multi-International Market
Minimum investment: 0.10% Trade Value
Stock/ETF Commission Fees: 0.20% to 0.50%
Markets: SG, US, HK, CN, JP, MY, AUS
Suitable For: Experienced Traders and Investors Looking to Invest In Multiple Market.
Promotions and Discounts
- Do not offer any promotion or discount.
SGX Online Trading Platform Fees Compared
While I’ve handpicked the list of the best best online trading platforms for different types of investors and traders, there is over 20+ trading platforms here in Singapore for investors like us to choose from.
The comparison table below is a comprehensive list of online brokerage firms in Singapore.
Arranged from stocks brokers that offers the lowest commission rate to more expensive trading platforms, here you can make your own comparison between the various online brokerage account in Singapore.
| Trading Platform (SGX) | IB Rating | Min. Fees | Trading Commissions | Promotion |
|---|---|---|---|---|
 Moomoo Singapore | ☆ 4.6 / 5.0 | $0.99 | 0.03% Trade Value | Get up to $800 worth of Free Shares + Perks |
 WeBull Singapore | ☆ 4.6 / 5.0 | $0.80 | 0.025% Trade Value | Get up to $3,000 worth of Free Shares + Perks |
 Tiger Brokers | ☆ 4.3 / 5.0 | $0.99 | 0.03% Trade Value | Get Free Share |
 uSMART | ☆ 4.3 / 5.0 | $1.00 | 0.02% Trade Value | Get Cash Vouchers |
 Interactive Brokers | ☆ 4.2 / 5.0 | $2.50 | 0.08% Trade Value | None |
 FSMOne | ☆ 4.2 / 5.0 | $8.80 | 0.08% Trade Value | None |
 iFAST Financial | ☆ 4.1 / 5.0 | $8.80 | 0.08% Trade Value | None |
 Phillip Nova | ☆ 3.7 / 5.0 | $18.00 | 0.08% Trade Value | None |
 Phillip Securities | ☆ 3.7 / 5.0 | $0.00 | 0.08% Trade Value | None |
 Prosperus | ☆ 4.2 / 5.0 | $0.00 | 0.10% Trade Value | Get Free Shares |
 DBS Vickers | ☆ 3.7 / 5.0 | $10.80 | 0.12% Trade Value | None |
 Standard Chartered | ☆ 2.9 / 5.0 | $0.00 | 0.15% Trade Value | None |
 Saxo Markets | ☆ 3.7 / 5.0 | $9.00 | 0.15% Trade Value | None |
 UOB Kay Hian | ☆ 3.1 / 5.0 | $25.00 | 0.18% Trade Value | None |
 KGI Securities | ☆ 2.9 / 5.0 | $25.00 | 0.18% Trade Value | None |
 Maybank Kim Eng Securities | ☆ 2.9 / 5.0 | $25.00 | 0.275% Trade Value | None |
 OCBC Securities | ☆ 2.9 / 5.0 | $25.00 | 0.275% Trade Value | None |
 Lim & Tan Securities | ☆ 2.9 / 5.0 | $25.00 | 0.28% Trade Value | None |
 Citibank Brokerage | ☆ 2.5 / 5.0 | $25.00 | 0.30% Trade Value | None |
 CGS-CIMB Securities | ☆ 3.1 / 5.0 | $25.00 | 0.18% Trade Value | None |
| Market Average | NA | SGD $13 | 0.14% 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 Listed Stocks only.
Researching into each of the online trading platform here are some of the market insights for the top platforms.
(PS. I’ve not included the less known smaller sized trading platforms in this list)
Minimum Trading Fees:
- Average minimum trading fees is $13
- Minimum trading fees range from $0 to $25.
Commission fees for SGX listed stocks and ETFs:
- Average trading commission fees is 0.14% of the trading value
- Trading commission fees range from 0.02% to 0.30%of the trading value.
Get Started by Choosing Brokerage Registered and Regulated by MAS
Most importantly, when choosing the right online brokerage for your trading, you want to choose one that is registered and regulated by Monetary Authority of Singapore (MAS).
If you want to be safe and protected when you invest, this is an important step to take.
You can check out if the company is actually register using the MAS website.
How to Choose The Best Online Brokerages Account To Start Investing and Trading in Singapore?
Choosing an online broker that suits you and your own investment goals is important as an investor and trader.
As an fellow investor, here are some guidelines to consider when choosing the perfect trading account that meet your needs.
Let’s choose the best online brokerage account in Singapore.
1. Trading Fees
Trading fees can add up into a massive amount that can eat up your overall investment returns. Thus when choosing the right trading account to start, look for online brokerages that offer competitive and transparent pricing structures. Here are some key points to consider:
- Trading fees for local and international trades.
- Additional fees (e.g. custody fees, platform fees)
- Fees structures; Paid on trade value, a fixed rate or based on the number of shares.
| Type | Currency | Fees | Charged by |
|---|---|---|---|
| Commission | SGD | Percentage of transaction amount, fixed fee per order, fixed fee per share or no fees | Trading Platform |
| Platform Fees | SGD | Percentage of transaction amount, fixed fee per order, or fixed fee per share | Trading Platform |
| Other Fees | SGD/ USD | Percentage of transaction amount, fixed fee per order, or fixed fee per share | Exchange Platform (Eg. SGX) |
| Clearing Fees | SGD/ USD | Percentage of transaction amount, fixed fee per order, or fixed fee per share | Exchange Platform (Eg. SGX) |
| Corporate Action Fees | SGD/ USD | No fees or Third-party charges | Trading Platform |
| ADR Custodian Fees | USD | Percentage of transaction amount, fixed fee per order, or fixed fee per share | Securities depositories (Eg. DTC) |
2. Market Access
Understand what are the market you can access with your online stock trading platform. What are your investment goals? Where do you want to invest? Local or international?
Each platforms offers access to different market, consider the following aspects:
- Local stock market: Availability of trading stocks and ETFs listed on the Singapore stock exchange.
- Access to major International market: The United States and Hong Kong stock exchange.
- Access to other international stock market: Japan, Australia and London stock exchange.
- Access to emerging market
- Access to bonds, exchange-traded funds (ETFs), options, futures, and other investment instruments
3. Products Availability
As an investor, you may want to invest in various types of products offered by the brokerage. Having a wide range of investment products to choose from can help you to tailor your portfolio to your specific investment strategy. Consider the following:
- Availability of stocks, bonds, mutual funds, exchange-traded funds (ETFs), options, futures and other investment products
- Range of industries and sectors covered (e.g. REITs)
4. Company Financial Data and News Updates
Quick access to latest company financial data and news updates help you stay informed about market trends and making informed investment decisions for your trade. Consider the following:
- Access to company financial reports, earnings releases, and analyst coverage.
- Access to real-time updates on the company news and reputable financial news sources.
5. Trading Tools and Charting Tools
Robust trading tool offers you the capability to apply different trading strategies, while and advance charting tools is critical for technical analysis. When combined this can enhance your decision-making process and streamline your trading activities. Look for the following features:
- Advanced order types (e.g., stop-loss, limit orders)
- Interactive charts with technical analysis tools (e.g., moving averages, Bollinger Bands)
- Customizable watchlists and alerts
6. Real-Time Quotes
Real-time quotes is critical for day-traders and are essential for executing trades and tracking your investments effectively. Look for the following:
- Real-time stock quotes and bid/ask prices
- Historical price data and trading volumes
7. Analyst Market Insights
While we do not want to believe everything what an analyst says especially the “target price” mentioned by the analyst, it is good to have access to analyst insights.
Read what they have to say about the company you are researching and add the information into part of your research. Consider the following:
- Availability of analyst research reports and insight on each of the company.
- Expert insights on market trends, sectors, and industry.
- Access to educational resources and investment guides.
8. Platform Ease-Of-Use
An easy-to-use platform can make your trading experience more efficient and enjoyable. While the ease-of-use of an platform don’t directly affect your investment returns, a platform that is hard to use can lead to common mistakes such as click “buy” instead of “sell”. Consider the following aspects:
- Intuitive and easy-to-navigate interface.
- Responsive and customizable platform design for personalization.
- Seamless account management features (e.g., watchlist, trades, portfolio tracking)
9. Mobile Trading App Platform and Desktop Platform
Having a reliable mobile trading App not only give you the convenience to trade anytime anywhere you want, but give you access to all the latest news on investment so you can grab hold on the investment opportunity when time comes. Consider the following:
- Web based trading platform that is mobile optimized.
- Availability of mobile trading App for both iOS and Android.
The main concern is the accessibility to different devices, as long as it can be access in any types of devices, it is good enough.
10. Promotions and Perks
Free stock? Low discounted commission fees? Many brokers offers some form of promotion and perks that attracts new investors and reward existing one.
However, some of the best brokerages and trading platforms like Moomoo and Webull even offer commission-free trading, an offer even applies to current users of the platform, making it a great choice for both new and experience investor. Consider the following:
- Promotional offers (e.g., commission-free trades, cash rebates, free stocks)
- Benefits for frequent traders or high-volume investors (e.g., lower trading fees, priority customer service, exclusive events)
- Loyalty programs or referral bonuses
Here are some of the best brokerage that offer promotion for their users:
- Extra S$20* FREE Cash Coupon.
- Claim 4 x FREE stock bundle worth S$280* with $10,000 deposit & 8 buy trades.
- Get additional S$260* FREE AAPL stock with $100,000 deposit.
- Earn 31 days 6.8%* p.a. return on idle cash with Moomoo Cash Plus
- Low commission fee for SG and HK stocks, ETFs and options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
Why Choosing The Best Online Trading Platform Matters?
Choosing the best online brokerage account in Singapore is not just about choosing the cheapest online platform, but it includes many other factors as well.
As a smart investor, you need to considering factors such as; trading fees, market access, product availability, trading tools, company financial data, etc.
Your goal is to pick a platform that aligns with your investment goals and preferences.
Always do your own research, compare different brokerages, and consider your specific investment needs before making a decision.
With the right online platform and tools, it can make your investment journey much easier and set yourself up for success in the world of trading and investing in Singapore.
Here’s the online trading platform that I usually use for my own stock investing:
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
Having said so, we need to take note that each broker are designed for different markets and types of investors. Thus to help you with this, go take a look at the following articles where I help to pick the best broker for different needs.
- Best Brokerage For Buying and Selling Singapore Stocks
- Best Trading App For Investing in Singapore
- Best Online Trading Platform For Trading Options in Singapore
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 dividend investor with over 15+ years of investing experience. He’s also the book author of “Start Small, Dream Big“, certified PMP® holder and founder of IncomeBuddies.com (IB). At IB, he share his personal journey and expertise on growing passive income through dividend investing and building online business. Antony has been featured in global news outlet including Yahoo Finance, Nasdaq and Non Fiction Author Association (NFAA).
