Understanding Brokerage Accounts in Singapore
A brokerage account is your gateway to investing in local and global markets. It allows you to buy and sell financial instruments such as stocks, ETFs, bonds, and unit trusts through licensed platforms. Whether you’re looking for a platform with the lowest fees or one that offers international stocks, understanding your options is key to diversification.
Plus, investors in Singapore can also choose between CDP-linked brokers and custodian brokers, depending on their preferences for cost, convenience, and ownership structure.
In this guide, we'll compare brokerage accounts in Singapore so you can make smarter and more cost-effective investment decisions. Let’s dive in!
Plus, investors in Singapore can also choose between CDP-linked brokers and custodian brokers, depending on their preferences for cost, convenience, and ownership structure.
In this guide, we'll compare brokerage accounts in Singapore so you can make smarter and more cost-effective investment decisions. Let’s dive in!
Disclaimer: This article is meant for educational purposes only, and not serve as professional financial advice. Please exercise due discretion and consult a licensed professional.
Who Should Use This Guide? (Investor Types & Needs)
| Investor type | Investor profile | Broker account fit |
|---|---|---|
| Investor typeBeginner investors | Investor profilePrefers simplicity and low-cost; adjusting to the trading learning curve | Broker account fitMobile-first online brokerage platforms (e.g. Moomoo, Tiger Brokers, Syfe) |
| Investor typeActive trader | Investor profileTrades frequently, values data speed | Broker account fitSaxo, Interactive Brokers |
| Investor typeGlobal investor | Investor profileSeeks foreign market access | Broker account fitIBKR, Saxo, Moomoo |
What is a Brokerage Account?
A brokerage account acts as a bridge between you and the stock market. When you open one, you gain access to trading tools, market data, and settlement services for buying or selling securities. Funds deposited into your account can be used to invest across various markets like SGX, NASDAQ, or HKEX.
CDP-linked brokers (like DBS Vickers, POEMS, and OCBC Securities) credit purchased shares directly to your Central Depository (CDP) account. This means you own the shares in your name. Custodian brokers (like Moomoo, Tiger Brokers, or Saxo) hold the shares under their custody but offer lower fees and wider global access.
Types of Brokerage Accounts in Singapore
If you’d rather take charge of your own investments instead of relying on traditional professionals, most robo-advisors in Singapore offer three main types of brokerage accounts: CDP-linked accounts, custodian accounts, and hybrid platforms.
The right choice depends on your investment style and goals:If you value direct ownership and prefer traditional support, go for CDP-linked brokers like DBS Vickers or POEMS.
If you want low-cost access to multiple international markets, platforms like Moomoo, Tiger Brokers, Syfe, and Saxo would be more suitable.
If you invest in both funds and equities, hybrid platforms like FSMOne offer diversified options.
The right choice depends on your investment style and goals:
Key differences between brokerage accounts
| Feature | CDP-Linked | Custodian | Hybrid |
|---|---|---|---|
| Ownership | Direct; shares are held in your name | Beneficial owner; shares are held by broker on your behalf | Mix of both |
| Market Access | SGX stocks only | Global stocks | Both |
| Fees | Higher trading costs (from S$25+ per trade) | Lower trading costs (often 0–0.1%) | Moderate |
| Transferability | Yes (via CDP) | No | Partial |
| Best For | Long-term investors | Active / global investors | Balanced investors |
Why Open a Brokerage Account in Singapore?
Opening a brokerage account gives you access to a wide range of investment opportunities across local and international markets. It allows you to diversify beyond savings and fixed deposits, helping you grow your wealth strategically. Whether you’re a new or experienced investor, understanding the benefits can help you make smarter financial decisions.
Access to Singapore and global markets
A brokerage account connects you to market exchanges across the world. With one account, investors can trade stocks, ETFs, bonds, and REITs across multiple regions with minimal platform or commission fees, enjoying flexibility and cost savings.
| Broker Type | Online Brokerage Platforms | Market Access | Key Benefit |
|---|---|---|---|
| CDP-Linked | DBS Vickers, POEMS, OCBC Securities | SGX-listed stocks | Direct ownership via CDP account |
| Custodian (Digital) | Moomoo, Syfe, Tiger Brokers, Saxo Markets, Webull, Longbridge | Global markets (US, HK, CN, SG) | Wider access and lower fees overall |
Low barriers to entry
Most online brokers now have no minimum deposit and allow instant account opening through MyInfo (Singpass). Popular platforms like Moomoo, Webull, and Longbridge feature discounted or commission-free trades for the first year, helping beginners start small without incurring high costs.
Access to smart tools & data
Digital brokers provide real-time market data, technical analysis tools, and portfolio insights once reserved for professionals.
Tiger Brokers and Saxo Markets: Advanced charting, multi-market access, and derivatives support.
Webull and Longbridge: Paper trading and community-driven insights for beginners.
Moomoo: AI-backed alerts and earnings calendar for active investors.
These tools make investing data-driven, helping users track performance and adjust strategies effectively.
These tools make investing data-driven, helping users track performance and adjust strategies effectively.
Straightforward eligibility
Most local brokerages require applicants to be at least 18 years old and possess a Singapore NRIC or FIN, although some platforms allow foreigners and PRs to apply with a passport, valid Employment Pass (EP) and proof of address. Margin and joint accounts may demand additional documentation and income checks.
Security & regulation
All brokers listed here are licensed under the Monetary Authority of Singapore (MAS). They must segregate client funds from company accounts, ensuring that assets remain protected even if the broker ceases operations. If unsure, you can always verify the licensing status of a broker via the MAS Financial Institutions Directory.
Comparison: Best Brokerage Accounts in Singapore
Choosing the best brokerage account depends on your trading style and budget. The tables below summarise each broker's key details.
🏦 Local brokers (CDP-linked)
| Broker | Minimum Commission Fee (per trade) | Key Features | Best For |
|---|---|---|---|
| DBS Vickers | S$25 (SG stock) US$25 (US stock) |
CDP-linked, DBS integration | Traditional investors; existing POSB/DBS customers |
| OCBC Securities | S$25 (SG stock) US$20 (US stock) |
CDP-linked; integrated with OCBC Bank for strong customer support | Local SGX investors; existing OCBC customers |
| DBS digiPortfolio | — | Digital managed portfolio; linked with DBS banking ecosystem | Passive investors; DBS clients seeking automated portfolios |
📱Online & mobile brokers (Custodian model)
| Broker | Minimum Commission Fee (per trade) | Key Features | Best For |
|---|---|---|---|
| Moomoo | $0 | Zero-commission promo; real-time data; global market access | Beginner & mobile-first traders |
| Tiger Brokers | 0.06% (SG stocks); US$1.99 (US stocks) | Low-cost global trading; fast mobile execution | Frequent retail traders |
| Webull | 0.025% (min. US$0.50 / S$0.80) | Feature-rich app with advanced charting tools | New investors and DIY traders |
| Syfe | 0.06% (SG stocks); from US$0.99+ (US stocks) | Low-fee investing in stocks and ETFs via a simple app | Long-term investors and ETF traders |
| Endowus | 0.05%–0.60% p.a. (funds) | Advised and self-directed portfolios; supports CPF-IS & SRS investing | Long-term investors and retirement planners |
| Longbridge Securities | $0 commission + platform fee (min. S$0.99 / US$0.99) | Community-driven platform with learning resources | Social and beginner traders |
| uSMART SG | 0.02% (SG stocks); $0 (US stocks) | AI-driven tools; easy funding via FAST & PayNow | Beginner traders and students |
| CMC Invest | S$10 (SG stock) US$10 (US stock) |
Strong mobile app; advanced charting and price alerts | Experienced retail traders |
| Phillip MetaTrader 5 | S$10 (SG stock) US$10 (US stock) |
FX and CFD trading via MT5 platform | Active FX and CFD traders |
| Phillip Nova | S$10 (SG stock) US$10 (US stock) |
CFD trading and multi-market access | Traders seeking diversified instruments |
🌍 Global Market Brokers
| Broker | Minimum Deposit Amount | Minimum Commission Fee (per trade) | Key Features | Best For |
|---|---|---|---|---|
| FOREX.com | S$100 | $0 | MAS-regulated CFD broker; tight spreads; MT4 support | FX traders and professionals |
| IG Singapore | S$450 | S$10 (SG stock) US$10 (US stock) |
To trade CFDs, options, and shares | Experienced CFD and options traders |
| OANDA | $0 | S$10 (SG stock) US$10 (US stock) |
Transparent pricing; no requotes | FX and CFD investors |
| eToro | S$50 | $0 | Social trading; multi-asset platforms | New and social investors |
| Maybank Securities Singapore (MSSG) | $0 | S$25 (SG stock) US$20 (US stock) |
CDP-linked via Maybank Trade Online | Bank-linked traders & investors |
| Plus500 | S$100 | $0 | CFD broker; simple interface | CFD and leverage traders |
| Saxo Markets | $0 (Classic tier) | S$3 (SG stocks); US$1 (US stocks) | Institutional-grade analytics; multi-currency wallet | Experienced multi-market investors |
| Interactive Brokers (IBKR) | $0 | S$2 (SG stock) US$1 (US stock) |
Tiered pricing; lowest FX spreads | Professional & frequent global traders |
| CMC Markets | $0 | S$10 (SG stock) US$10 (US stock) |
Global CFD trading; advanced platform tools | CFD traders and professionals |
| Phillip Capital (POEMS) | $0 | S$10.90 (SG stock) US$15 (US stock) |
Comprehensive brokerage and research tools | Long-term SGX investors |
Disclaimer: The information in the above tables is accurate as of January 2026 and provided for educational purposes only, not professional financial advice. Fees and eligibility criteria may change without notice. Please verify the latest terms directly with each broker before opening an account.
Balancing the brokerage fees with the platform’s features and user experience are key considerations before creating a brokerage account. Do ensure that your selected platform is MAS-regulated to safeguard your investments.
Top Brokerage Accounts in Singapore
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MoneySmart Exclusive
Low Commission Fees
Tiger Brokers
- Min. Commission Fee US Stocks
- US$0.99*
- Min. Commission Fee SG Stocks
- 0.03% of Trade Value*
- Min. Funding
- $0
Invest and get REWARDED with:
• S$160 Cash via PayNow
• OR Apple AirPods 4 (worth S$199)
• OR Sennheiser Accenum True Wireless Earbuds (worth S$299)
when you open, fund a min. of S$3,000 within the initial deposit and complete 1 new BUY trade with Tiger Brokers.
T&Cs apply.
Tiger Brokers is a global trading platform offering access to a wide range of financial instruments including stocks, options, futures, and Exchange Traded Funds (ETFs) across major global markets. Known for its user-friendly interface and low commission structure, it provides both retail investors and professional traders with powerful trading tools, real-time market data, and advanced analytics. Tiger Brokers supports trading on markets in the US, Hong Kong, and China.
MoneySmart Exclusive
0 Commission Fees
moomoo Singapore
- Min. Commission Fee US Stocks
- US$0
- Min. Commission Fee SG Stocks
- S$0*
- Min. Funding
- $0
[MoneySmart Exclusive]
Get S$100 Cash via PayNow OR Sennheiser Accentum Wireless Headphones (worth S$269) OR S$130 GrabGift Vouchers when you meet the eligibility criteria with Moomoo SG. T&Cs apply. Use SmartPoints to redeem your favourite product from our Rewards Store today.
[Moomoo Welcome Rewards]
Get S$30 SpaceX share* when deposit S$3,000. Plus S$1,100* rewards, including up to S$530* NVDA share + S$570* Trading cash coupons when you meet the criteria.. Valid till 24 June 2026. T&Cs apply.
Moomoo, operated by Futu SG, is a mobile-first trading platform that offers access to global stock markets including the US, Hong Kong, and China. It provides commission-free trading, advanced charting tools, and real-time market data. With educational resources, paper trading features, and a social community, Moomoo is ideal for both beginner and experienced traders seeking a simple yet powerful trading experience.
MoneySmart Exclusive
Saxo
- Min. Commission Fee US Stocks
- US$1
- Min. Commission Fee SG Stocks
- S$3
- Min. Funding
- S$0
[SmartRewards | MoneySmart Exclusive]
Get S$180 Cash via PayNow
• OR Apple AirPods 4 (worth S$199)
• OR Sennheiser Accentum Plus Wireless Headphones (worth S$349)
• OR TT Racing Swift X Pro Chair (worth S$429)
OR choose from many more rewards when you deposit a min. of S$3,000, maintain the funds for 30 days, and execute 1 trade within 14 days of account opening.
T&Cs apply.
Use SmartPoints to redeem your favourite product from our Rewards Store today.
Saxo Markets is a premium online trading platform that offers a wide array of asset classes including stocks, ETFs, options, forex, commodities, and bonds. Known for its sophisticated trading tools, advanced charting, and global market access, it is best suited for active and experienced traders. Saxo provides a high-quality platform with robust research resources, customisable workspaces, and advanced risk management features.
Newest desktop trading platform on IBKR Desktop
Interactive Brokers
- Min. Commission Fee US Stocks
- US$1
- Min. Commission Fee SG Stocks
- $2.50
- Min. Funding
- $0
Interactive Brokers is a leading brokerage platform known for its low-cost trading and access to a broad range of asset classes including stocks, bonds, options, and futures. With a global reach, Interactive Brokers offers professional-grade tools, research, and analytics for both individual investors and institutional clients. Providing direct market access and advanced trading capabilities, it is well-suited for active traders.
MoneySmart Exclusive
FOREX.com
- Min. Commission Fee US Stocks
- US$8
- Min. Commission Fee SG Stocks
- S$10
- Min. Funding
- S$150
[SmartRewards | MoneySmart Exclusive]
Get S$290 Cash via PayNow OR Apple Airpods Pro 3 (worth S$349) OR Apple Watch SE (worth S$349) OR S$300 worth of GrabGift Vouchers when you open, fund a min. of S$1,000 within 1 deposit and execute 3 trades with FOREX.com. T&Cs apply.
Use SmartPoints to redeem your favourite product from our Rewards Store today.
The Forex market is the world’s largest financial market focusing on the trading of global currencies. Known for its high liquidity, 24/5 market hours, and the potential for high leverage, Forex offers traders the opportunity to profit from fluctuations in currency exchange rates. It is best suited for day traders, swing traders, and those looking to diversify their portfolios with international currency exposure.
MoneySmart Exclusive
Low Trade Fees
First Brokerage with US Pre-Market Options
Powered by Longbridge AI
MoneySmart Exclusive
Low Trade Fees
First Brokerage with US Pre-Market Options
Powered by Longbridge AI
Longbridge Securities
- Lifetime 0 Commission for SG, US & HK stocks
- S$0 Commission Fee
- World's First Brokerage with US Pre-Market Options
- US Pre-Market Options
- Your Financial Strategist Powers by GPT
- Longbridge AI
[FLASH DEAL | MoneySmart Exclusive]
Receive rewards up to 10% of your deposit amount including:
• Up to S$388 Cash via PayNow
• OR an Apple iPad A16 (worth S$499)
• OR Sony WH-1000XM5 Headphones (worth S$589)
or many more rewards when you open, fund & trade with Longbridge Securities*. T&Cs apply.
Longbridge is a brokerage platform focused on providing US stocks, ETFs, and options trading to retail investors. It offers a user-friendly interface, competitive fees, and a range of investment tools including real-time market data and research reports. Longbridge also provides robo-advisory services for hands-off investing, making it suitable for both new and experienced investors seeking cost-effective solutions.
No minimum commission | Lowest Trading Fees
uSMART SG
- Commission Fee for US Stocks & Options
- S$0
- Min. Commission Fee for SG Stocks
- 0.02% of Trade Value
- Min. Funding
- S$0
uSMART is a mobile-focused brokerage offering trading access to US and Hong Kong stocks. With a simple and intuitive interface, uSMART is ideal for beginner and intermediate traders. It provides low-cost trading, real-time market data, social trading features, and educational resources to help users make informed decisions. uSMART is perfect for those looking for an easy-to-use platform with access to major global markets.
How to Choose the Right Broker for Your Needs
Choosing the right brokerage account in Singapore depends on factors including your trading style, market interests, and platform features. With so many brokerage platforms available in the market, it's important to evaluate key considerations to pick the best fit for your investment goals.
Match your broker to your trading goals
Start by clarifying what you want to achieve. Are you looking to invest for the long term, trade actively, or access overseas markets?
💡MoneySmart Tip: If you invest in both SGX and overseas markets, consider a hybrid broker such as FSMOne that combines both CDP and custodian access in one platform. Alternatively, for those focused in long-term local investments, Endowus also facilitates CPF-IS and SRS investing.
| Investor Type | Recommended Brokers | Account Type | Why It Fits |
|---|---|---|---|
| Long-term Investor | DBS Vickers, POEMS | CDP-linked | Direct share ownership via CDP; strong local research |
| Active Trader | Tiger Brokers, Moomoo, Saxo Markets | Custodian | Low commissions, advanced tools, fast order execution |
| Global Investor | Interactive Brokers (IBKR), Saxo Markets, FSMOne | Custodian / Hybrid | Multi-market access, FX efficiency, low-cost trading |
💡MoneySmart Tip: If you invest in both SGX and overseas markets, consider a hybrid broker such as FSMOne that combines both CDP and custodian access in one platform. Alternatively, for those focused in long-term local investments, Endowus also facilitates CPF-IS and SRS investing.
Markets of Interest
Next, consider the markets that you are interested in trading in. If you're only interested in Singapore Exchange (SGX) stocks or local ETFs, a broker focused on the SGX may suffice. However, if you want access to international markets including US stocks, ETFs, or cryptocurrency, an online broker like Interactive Brokers with global market access should work better for you.
The best online broker for global market access should offer access to a wide range of global markets including forex and crypto which help diversify your portfolio.
The best online broker for global market access should offer access to a wide range of global markets including forex and crypto which help diversify your portfolio.
Frequency and volume
The frequency and volume of your trades also help determine the type of brokerage account that works best for you.
For frequent traders, platforms with a tiered pricing model such as Moomoo offer lower fees for higher trade volumes.
On the other hand, a flat-fee model could be more beneficial for investors who trade less often to keep costs per transaction predictable.
For frequent traders, platforms with a tiered pricing model such as Moomoo offer lower fees for higher trade volumes.
On the other hand, a flat-fee model could be more beneficial for investors who trade less often to keep costs per transaction predictable.
Compare fees and hidden costs
Trading fees remain one of the biggest differentiators between brokers. High trading costs can significantly eat into your returns, hence it’s important to review commission rates, platform fees, FX spreads, and other charges before choosing a broker.
CDP-linked brokers typically charge a flat S$25 per trade.
Custodian brokers typically offer lower rates, some as low as 0% for the first year.
Check for any currency conversion spreads, custody fees, or inactivity charges that may apply.
By choosing a transparent broker, you maximise every dollar you invest.
By choosing a transparent broker, you maximise every dollar you invest.
Evaluate platform tools and experience
Each platform offers a distinct interface and toolset to match different experience levels. Look for:
Real-time data and advanced charts (offered by Moomoo, Tiger, Saxo)
Mobile app reliability and speed
Educational resources and tutorials (available on Webull, Longbridge, FSMOne)
If you’re a beginner, choose a simple interface with built-in learning guides. Experienced investors may prefer powerful tools for analytics and strategy testing.
If you’re a beginner, choose a simple interface with built-in learning guides. Experienced investors may prefer powerful tools for analytics and strategy testing.
Assess funding, withdrawal, and currency convenience
Most brokers now support instant FAST or PayNow deposits for SGD funding. Moomoo, Webull, and Tiger Brokers offer instant SGD deposits, while global brokers like Saxo or IBKR may require 1–2 business days.
| Broker | SGD Deposit | FX Wallet | Average Withdrawal Time |
|---|---|---|---|
| Moomoo, Tiger, Webull, Longbridge | ✅ Instant | ✅ Multi-currency | Same day |
| Saxo Markets, IBKR | ✅ FAST / TT | ✅ Multi-currency | 1–2 business days |
| DBS Vickers, POEMS | ✅ Bank-linked | ❌ SGD-only | 1–2 business days |
Verify regulation and safety
All featured brokers are licensed under the Monetary Authority of Singapore (MAS) and hold Capital Markets Services (CMS) licences. Client funds are segregated and monitored under the Securities and Futures Act (SFA). You can confirm each broker’s licence in the MAS Financial Institutions Directory.
Eligibility and How to Apply for an Online Brokerage Account in Singapore
Opening a brokerage account in Singapore has become simpler, faster, and fully digital. Most platforms allow seamless onboarding through Singpass, enabling you to start trading within minutes. However, eligibility criteria, documentation, and application steps can differ slightly across brokers.
Age requirement: Must be at least 18 years old. Some brokers, such as Saxo Markets and Interactive Brokers (IBKR), may require applicants to be 21 years or older.
Residency status: Singapore citizens, Permanent Residents (PRs), and valid Employment Pass (EP) holders are typically eligible. Foreign residents must provide additional identity verification documents.
Valid identification: A Singpass login or NRIC/FIN number is required for MAS-compliant Know Your Customer (KYC) checks. Besides these, sometimes brokers might request for income proof or tax residency declaration for further verification.
Bank account linkage: A local SGD bank account is needed for deposits and withdrawals. Most brokers support FAST or PayNow transfers.
⭐ Always verify that your chosen broker is licensed by the Monetary Authority of Singapore (MAS) to ensure investor protection.
Eligibility criteria
To open a brokerage account in Singapore, applicants must meet the following general conditions:⭐ Always verify that your chosen broker is licensed by the Monetary Authority of Singapore (MAS) to ensure investor protection.
Step 1
Compare online brokerage options via MoneySmart
Browse and compare the best online brokerage account options in Singapore across platform fees, annual management fees, minimum deposit, and more using our MoneySmart investment comparison tool.
Once you’ve identified and chosen an online broker, click on its “Apply Now” button to be led to its application form.
If applicable, you’ll be redirected to an exclusive MoneySmart promo form to fill up your particulars to enjoy sign-up discounts (e.g. $20 off Endowus Fee) and more!
Once you’ve identified and chosen an online broker, click on its “Apply Now” button to be led to its application form.
If applicable, you’ll be redirected to an exclusive MoneySmart promo form to fill up your particulars to enjoy sign-up discounts (e.g. $20 off Endowus Fee) and more!
Step 2
Register and verify your identity
All robo advisors require basic personal details and identity verification. Platforms like Endowus, Syfe, and StashAway simplify this through Singpass MyInfo, which securely retrieves your NRIC data without manual uploads.
Others like Phillip SMART Portfolio and OCBC RoboInvest may require direct document uploads or bank-linked verification.
Most sign-ups can be completed in less than 10 minutes. Foreigners can typically verify identity using a valid passport and proof of residence (e.g., a bank statement).
Others like Phillip SMART Portfolio and OCBC RoboInvest may require direct document uploads or bank-linked verification.
Most sign-ups can be completed in less than 10 minutes. Foreigners can typically verify identity using a valid passport and proof of residence (e.g., a bank statement).
Step 3
Complete a risk profile questionnaire
After registration, you’ll complete a risk tolerance and investment objective questionnaire. Based on your answers, the platform recommends a matching portfolio—often a mix of equities, bonds, or thematic funds.
Endowus and StashAway offer goal-based investing, where you define objectives such as retirement, wealth accumulation, or income.
Syfe and Phillip SMART Portfolio provide ready-made portfolios optimised by risk level.
DBS digiPortfolio and OCBC RoboInvest feature pre-set global and thematic portfolios for convenience.
Step 4
Link and fund your account
Funding options depend on the provider:
PayNow or bank transfer: Endowus, Syfe, StashAway
SRS funding via linked bank accounts: Endowus, StashAway, Phillip SMART Portfolio
Direct funding via bank apps: OCBC RoboInvest, DBS digiPortfolio
Most platforms have no funding or withdrawal fees, and transfers are generally completed the same day. Minimum investment amounts vary from $0 (Syfe, StashAway) to $1,000 (Endowus, DBS digiPortfolio).
Most platforms have no funding or withdrawal fees, and transfers are generally completed the same day. Minimum investment amounts vary from $0 (Syfe, StashAway) to $1,000 (Endowus, DBS digiPortfolio).
Step 5
Review and confirm your portfolio
Step BlurOnce funded, you’ll review your portfolio’s allocations and underlying assets before confirming. Robo advisors automatically purchase ETFs, funds, or managed portfolios that align with your risk profile. You can adjust your plan anytime, and platforms like StashAway and Syfe send detailed investment reports with each rebalancing cycle.b 1
Step 6
Monitor progress and automate contributions
After onboarding, log in to your dashboard or app to track performance and set up automated monthly contributions.
All major robo advisors offer performance tracking, asset breakdowns, and portfolio insights in real time.
For CPF or SRS investors through Endowus or Phillip SMART Portfolio, contributions and withdrawals follow MAS and CPF-IS regulations.
For cash investors, recurring deposits can be automated to build discipline and smooth out market volatility.
All major robo advisors offer performance tracking, asset breakdowns, and portfolio insights in real time.
For CPF or SRS investors through Endowus or Phillip SMART Portfolio, contributions and withdrawals follow MAS and CPF-IS regulations.
For cash investors, recurring deposits can be automated to build discipline and smooth out market volatility.
Ready to Level Up Your Investment Game?
Not sure which platform fits you best? Compare the top trading platforms and find the perfect match for your investing style.
Frequently Asked Questions
Which is the cheapest trading platform in Singapore?
- Platforms like Moomoo offer $0 commission trades. For long-term investors, Tiger Brokers and Saxo Markets offer tiered pricing models.
Compare the brokerage fees, spreads, and execution speeds to find the cheapest brokerage for your needs. Are $0 commission brokers legit and safe?
- Yes, zero commission brokers like Moomoo can be safe if they are MAS-regulated. They make money via order flow payments and spreads. As long as they are licensed by MAS, your investment account is protected. Regulation protects the account and the deposited money.
The investment itself is not protected or guaranteed. What trading platforms are MAS regulated?
- MAS-regulated trading platforms in Singapore include OCBC Securities, Saxo Markets, and DBS Vickers. These brokers comply with local regulations, ensuring the safety of your investment accounts. Regulation protects the account and the deposited money. Do note that the investment itself is not protected for guaranteed. Always check for MAS licensing before opening a brokerage account.
Which broker has the best mobile trading app?
- Moomoo is one of the top-rated mobile trading apps in Singapore. The app offers real-time data, zero-commission trading, and advanced charting tools, making it ideal for both beginners and active traders.
Can I use MediSave for investments?
- No, MediSave cannot be used for trading or investing in stocks. It's strictly for healthcare expenses. However, you can use your CPF for approved investment products.
What is the best trading platform for beginners in Singapore?
- Moomoo is excellent for beginners. They offer user-friendly interfaces, educational resources, and low-cost trading. Moomoo also provides zero-commission trades and access to global markets, making it easy for new investors to get started.
How do online brokers in Singapore make money?
- Online brokers make money through order flow payments, spreads, platform fees, and interest on uninvested funds. For commission-free brokers, the spread or order flow can offset commission savings.
Do I need a broker to invest in US stocks from Singapore?
- Yes, you need a MAS-regulated broker like Interactive Brokers or Saxo Markets to invest in US stocks from Singapore. These platforms provide access to international markets with competitive fees and advanced tools.
Can I open an overseas brokerage account from Singapore?
- Yes. Singaporeans, PRs, and eligible expats can open global brokerage accounts for access to US or HK markets. Major MAS-regulated digital brokers such as Moomoo, Tiger Brokers, and Interactive Brokers allow Singapore-based users to apply online.
Eligibility: Singapore citizens, PRs, or foreigners with local address proof.
Process: Digital onboarding via SingPass/MyInfo for locals; passport upload for expats. Can PRs in Singapore buy US stocks?
- Yes. All major brokers like Moomoo, Webull, Longbridge, Saxo Markets, and Interactive Brokers, accept PRs and expats for US stock trading. A US tax form (W-8BEN) is required during onboarding.
Which broker is fastest for mobile onboarding?
- Digital-first brokers like Moomoo, Tiger Brokers, Webull, and Longbridge offer instant SingPass/MyInfo onboarding. Approval takes minutes for locals; expats can upload documents directly.
What are the benefits of trading via app vs. traditional brokers?
- App-based brokers like Moomoo, Webull, and Longbridge offer
- Convenience: Trade, fund, and monitor on your phone.
- Fast onboarding using Singpass MyInfo, PayNow, and FAST deposits
- Smart tools featuring real-time analytics, charts, learning modules, and 24/7 chat support
- Instant alerts for price drops/hikes, news, and other corporate action notifications
All in all, while traditional brokers may have higher fees and require branch visits, app-first brokers provide flexibility and automation. Which broker has the lowest minimum deposit for trading foreign assets?
- Most digital brokers now offer S$0 minimum deposits for basic accounts.
- Moomoo, Webull, Longbridge: S$0 minimum funding.
- Tiger Brokers: S$1 minimum.
- Saxo Markets: S$0 for Classic tier (higher for Platinum/VIP).
- Interactive Brokers: No minimum for basic cash accounts; higher for margin accounts.