Best Trading Platform For Beginners in Singapore (Students, NSF, Fresh Graduates)
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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.
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 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.
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
- 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 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 $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. 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.
- 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
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
We may earn commission if you buy via links on our site. While this may influence which products we write, it will not influence our opinions and evaluation. Learn more.
Read Also:
- How to Use Webull Singapore to Trade, Buy and Sell Stocks? (Beginner’s Guide)
- How to Use Moomoo to Trade, Buy and Sell Stocks? (Beginner’s Guide)
- Best Trading Platform For Beginners in Singapore (Students, NSF, Fresh Graduates)
- Day Trading For Beginners: Guide On How To Become a Day Trader
- Average Brokerage Fee in Singapore: 20+ Broker Fees Compared
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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).
