Best Options Trading Platforms in Singapore 2024 (Low Fees Trading Platform
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Are you looking for the best options trading platform in Singapore? Trading platform that offers low cost trading, easy-to-use user interface, and a wide range of free analytics tools for you to apply your various option trading strategies?
As an investor myself, here I’ve compared the top online brokerage in Singapore that offers option trading that can help you to strategically invest in the direction of stocks.
Best Options Trading Platform in Singapore (Handpicked)
Best Low Cost Beginner Friendly Option Trading Platform
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
Best Cheapest Option 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
Our picks for best brokerages to trade options in Singapore:
- Best Cheapest Options Trading Platform: Webull
- Best for Beginner Options Traders: Moomoo and Tiger Brokers
- Best for Advanced Options Traders: IBKR and POEMS
Among the top picks, Moomoo and Webull stand out with their low fees, powerful comprehensive tools, real-time data and customizable user-friendly interface that cater to both beginners and experienced traders.
Comparing The Best Online Options Trading Platform in Singapore
Singapore investors have the advantage of choosing between multiple brokerage that let you access various financial market in Singapore, United States, Hong Kong, Japan, China, India and many more.
Getting started with your trade with a well-regulated brokerage Licensed by MAS can ensure that your trades are secure and your interests are protected.
Choosing the best option trading platform in Singapore here are some of my considerations;
- Stock market access
- Platform fees and commission fees
- Overall trading experience
With this in mind, I’ve handpicked the top option trading platform that offers the best overall trading experience for different investors.
PS. I’ve spend over 9 hours researching each of the option trading platform by deep-diving into the websites to dig for information manually, try out the platform, and looking through what other users says about the App. I did all these, so that you won’t need to spend the time I’ve spend to find the best Option Trading Platform for your trades.
1. Moomoo Singapore: Best Beginner Friendly Options Trading Platform (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.
When getting started and succeeding in trading stock options, choosing a platform tailored for beginners is crucial.
Moomoo Singapore excels in this role with its user-friendly interface, making it an ideal choice for those starting their options trading journey. (Full Moomoo Review)
With Moomoo, you can be pretty sure it’s easy-to-use interface and expert tools can help you make your options trading journey much easier.
Whether you’re new to the game or a seasoned trader, Moomoo provides a platform that supports your strategy with clarity and precision.
2. Webull Singapore: Best Low Cost Options Trading Platform
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.
If you are looking for the best budget-friendly options trading platform, Webull Singapore takes the spotlight with its competitive edge.
Providing a cost-efficient solution, Webull ensures traders have access to essential features without breaking the bank. (Full Webull Review)
Whether you’re just starting out or honing your strategy, Webull Singapore provides the tools you need for a confident trading journey while keeping your trading cost low.
3. Tiger Brokers: Best Simple Strategy Option 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.
With Tiger Brokers, you’re introduced to a platform where simplicity meets strategy in the realm of options trading.
Based in Singapore, Tiger Brokers makes entry into the US stocks market via options trading more accessible and user-friendly.
4. Interactive Brokers (IBKR): Best Professional Option Trading Platform
Best For International Market
Minimum investment: $0
Stock/ETF Commission Fees: 0.0035 per share for US, 0.08% for SG, AUS, 0.05% for HK, UK, JP, INR 20 for IND etc.
Options: $0.65 per contract
Markets: SG, US, HK, CN, AUS, UK, JP, IND, CA etc.
Suitable For: Professional and Experienced Traders and Investors Looking to Invest Internationally.
When seeking a professional-grade options trading platform, Interactive Brokers (IBKR) stands tall.
It is renowned for its advanced tools and competitive commissions that empower traders to navigate the options market with confidence.
5. Poems: Best Range of Analytical Tools For Option Trading
Best Analytical Tools
Minimum investment: $0
Stock/ETF Commission Fees: USD 3.88 for US, 0.08% for SG, HK
Options: $0.88 per contract
Markets: SG, US, HK
Suitable For: Intermediate and Experienced Traders and Investors.
Engaging in options trading demands robust analytical tools, especially when dealing with the US Stock Exchange.
Poems, renowned for its comprehensive suite of trading tools, provides a diverse range of resources to empower your trading decisions.
Best Singapore Online Option Trading Platform Fees Compared
Looking through the various options trading platforms in Singapore, I’ve consolidated and put together a simple chart listing out the commission and platform fees for each of the option trading platforms.
| Stock Brokerage | Commission Fee | Platform Fee | Available Stock Market |
|---|---|---|---|
| Moomoo | SG: 0.03% of trade value, Min. SGD 0.99 per order US: USD 0.65 per contract, Min. USD 1.99 per order HK: 0.03% of trade value, Min. HKD 3.00 per order | SG: 0.03% of trade value, Min. SGD 1.50 per order US: USD 0.30 per contract, Min. USD 0.99 per order HK: HKD 15.00 per order | SG, US and HK Stocks Options |
| Webull | US: USD 0.55 per contract | US: USD 0.00 per contract* | US Stock Options |
| Tiger Brokers | US: USD 0.65 per contract (Min. USD 1.99 per order) HK: 0.2% of trade value (Min. HKD 3.00 per order) | US: USD 0.30 per contract (Min. USD 1.00 per order) HK: HKD 15.00 per order | US and HK Stocks Options |
| Interactive Brokers | SG: SGD 5.00 per contract US: USD 0.65 per contract, Min. USD 1.00 per order HK: HKD 0.2% option value + HKD 3.00 per contract, Min. 18.00 per order | – | SG, US, HK, UK, JP, AUS, IND etc. Stocks Options |
| POEMS | US: USD 0.88 per contract | US: USD 2.88 per order | US Stock Options |
Do note: Option trading fees and normal trading of the equities have different fees and charges.
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 following strictly according to our editorial guidelines but always do your own due diligence before investing.
If you have keen eyes, you may have realized that my top pick for option trading is not always the cheapest in terms of fees.
I put priority into the following criteria when selecting the platform to use:
- Fees: Fees can add up really quickly, I look for platform with low fees for each options trades.
- User Experience: As a lazy retail investor, I look for platform that offers simple user experience.
- Range of Tools: Investing is about gaining insights, and having access to wide range of tools help me get a better understanding on the stock and let me make a more informed decision.
Of all the platforms I’ve used and reviewed, I personally like to use Moomoo the most.
The fees are low, offers an user-friendly interface, have access to major stock markets, offers access to wide range of trading tools and real-time company financial data to deliver a world-class overall user experience.
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
How To Choose The Best Option Trading Platform In Singapore?
Selecting the right options trading platform in Singapore is crucial for your investment strategy. It impacts your trading experience, fees you’ll pay, and the level of risk management tools available to you. Some brokerage even offers trading App which let you trade on-the-go.
1. Brokerage Licensed by MAS
Your chosen platform should be registered with and recognized by the Monetary Authority of Singapore (MAS).
This ensures adherence to regulations and provides a safeguard for your investments. Opening a brokerage account with MAS-regulated brokerages such as familiar names like Moomoo, Webull, and Tiger Brokers helps to ensure you are protected when you trade.
2. Low Fees for Trading Options
You’ll want to assess the cost-effectiveness of the platform by checking commission fees and other related costs.
Look for competitive rates and consider any promotions like zero commission periods. Remember, fees can eat into your returns, so it’s wise to seek out options with lower costs.
3. Trading Platform Ease-of-Use for Options Trading
A good platform will offer a balance between sophisticated analytics and user-friendly interface. Features such as intuitive navigation, customizable option chains, and real-time data directly influence your trading efficiency.
Keep an eye out for platforms that offer advanced risk assessment tools like Greek risk dimensions and those that allow for multiple options order management in a streamlined manner.
Which Brokerage Platform is Best for Options Trading?
With all criteria considered when picking the best option trading platform, here are my top picks for option trading:
| Rank | Broker | Best For | Website |
| 1 | Moomoo Singapore | Low Cost and Beginner Friendly For Both Beginner and Expert Option Traders | Open Account (Most Popular) |
| 2 | Webull Singapore | Cheapest Low Cost Options Trading For Beginners | Open Account |
| 3 | Tiger Brokers | Simple Strategy Basic Option Trading Platform | Open Account |
| 4 | Interactive Brokers | Multimarket International Options Trading For Professionals | Open Account |
| 5 | POEMS | Highly Analytical Professional Traders | Open Account |
Option Trading Brokerage With Signup Promos
Do you want perks like, “No commission fees”, “Cashbacks”, “Free stocks”?
Many of the best option trading platforms offers some pretty good promotion and perks for new users.
Personally, I find platforms like Moomoo SG and Webull SG offers the best promotion package for new users, while offering many free perks for current users.
Promotion and perks can includes:
- Promotional offers: Commission free trades, free stocks, cash rebates
- High volume Traders: Lower trading fees, priority customer services, exclusive VIP events.
- Ongoing Programs: Loyalty programs and referral programs.
As user of both of these platforms myself, I really love their user experience and find them to be a great trading platform for both beginner and professional traders.
Let’s take a look at some of the ongoing promotions they are having right now!
- 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
- 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
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).
