Top 3 Best Trading Platform For Beginners in Singapore (Students, NSF, Fresh Graduates)
Last Updated on 2 years ago by Antony C.
Beginner friendly trading platforms have clean interface, ease to use, with overall low brokerage fee and offers investment resources to help beginner investors to learn and grow. And in Singapore we have a couple of trading platform do just that.
Best Trading Platform For Beginner
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
I’ve analyzed 20+ major brokerage in Singapore and have put together a list of the best trading platform for beginners, highlighting things you need to take note when choosing the right trading account to buy and sell stocks, ETFs, REITs and more.
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Disclaimer: The information on this page is for your convenience only. By accessing this website you’ve agree on our T&C. We do not offer tax or investing advisory or brokerage services, nor do we recommend or advise anyone to buy or sell particular stocks, securities or other investments.
Best Trading Platform For Beginner in Singapore
Get started investing young while you are a student, NSF or even a fresh graduate offers you a huge advantage to start compounding your growth. To open a brokerage account you’ll just need to be at least 18 years old and not an un-discharged bankrupt.
As an investor with like simplicity and with +15 years of experience, lets take a look at some of the best trading platform for beginners to get started.
| Trading Platform (SGX) | IB Rating | Min. Fees | Trading Commissions | Promotion |
|---|---|---|---|---|
 Moomoo Singapore | ☆ 4.6 / 5.0 | $0.99 | 0.03% Trade Value | Get Free Shares + Perks |
 WeBull Singapore | ☆ 4.6 / 5.0 | $0.80 | 0.025% Trade Value | Get Free Shares + Perks |
 Longbridge | ☆ 4.4 / 5.0 | $0.99 | 0.03% Trade Value | Get 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 |
 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.
1. Moomoo: Best 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
- 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
2. Webull: Best Trading Platform For Undergraduates and NSF
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 SGD$280 Worth of Free Shares + Trading Vouchers when you sign up a new account here.
- $0 commission free for US,HK & A-Share stocks, ETFs, and options.
- Low commission fee for SG stocks, ETFs, mutual funds and options.
Webull Promo: Low Commission + Free Stock
3. DBS Vickers: Best CDP-Linked Trading Platform For Singapore Students
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.
How Do I Choose the Best Trading Platform for Beginner Investors in Singapore?
To choose a trading platform for beginner investors, you can consider factors such as; user-friendliness, cost-effectiveness, available investment products, research tools, customer support, and security features.
Here are some things you can do:
- Look for platforms that offer educational resources
- Offering demo accounts (paper trading account) to help you familiarize yourself with the platform and practice trading strategies.
- Seek recommendations from trusted sources to find the best fit for your investment needs and preferences.
Sounds simple? Yup, because it is simple as that.
Having tried many of the trading platform myself, I’ve found a few brokerage that seems to be better for a certain types of investment than others. Do have a look and check them out when you are free:
- Brokerage For Singapore Stocks
- Brokerage For US Stocks
- Brokerage For Options Trading
- Stock Trading App
- Cash Management Account Platform
And if you are still wondering which trading platform to get started, probably you may want to try out Moomoo, not only it is low cost, easy to use, it offers a range of promotions for new users.
- 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
Frequently Asked Questions
What is a trading platform?
A trading platform is an online software or application that allows investors to buy and sell financial securities such as stocks, bonds, and exchange-traded funds (ETFs).
Choosing the right trading platform can give you access to real-time market data, research tools, market insights for better investment decision. With your trading platform you can:
- Execute buy and sell orders
- Monitor your portfolio
- Stay informed about market developments
How much money do I need to start investing in Singapore?
The amount of money you need to get start investing in Singapore depending on the investment products you’re interested in and the trading platform you choose.
Many brokerage firms have a low minimum investment requirements which give you the ability to start with as little as a few hundred dollars.
If you are wondering which types of product to get started, you can consider investment products, such as ETFs and regular savings plans (RSPs).
What types of investments can I make using a trading platform?
With a trading platform, you can invest in financial instruments, including: stocks, bonds, ETFs, mutual funds, real estate investment trusts (REITs), and more.
But since you are a beginner investor, you should understand the characteristics and risks associated with each investment type before making investment decisions.
What are the risks associated with investing, and how can I manage them?
There is no investment that is absolutely risk-free, every investment have some level of risk and stocks investing is not an exceptional.
Risk in investing include the risk of losing money due to market fluctuations, economic downturns, and individual company performance.
To manage these risks, here are somethings you can do:
- Diversify your investments across different asset classes and industries,
- Conduct thorough research before making investment decisions,
- Set realistic investment goals, and stay disciplined during periods of market volatility.
Read blogs like IB, where we help guide you step by step in learning how to invest, and with the knowledge you can develop a personalized investment strategy that aligned with your financial goals and risk tolerance.
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
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
21
Brokerage Reviewed & Analyzed
Driven by data, run by investors with real-world experience investing with our own money.
We’re supported by readers who buy via links on our site. While this may influence which products we write, it will not influence our opinions and evaluation. Learn more.
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".