Best Investment Brokerage Platform for SGX Stocks 2026
Choose from MoneySmart's curated list of best brokerages to invest in Singapore Stocks and Learn how to maximise returns.
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Why Use MAS-Regulated Stock Brokers in Singapore?
If you're investing in SGX stocks, global ETFs, mutual funds, or even options, the broker you choose matters as much as the products you buy.
Investing through a MAS-licensed broker ensures your funds and securities are held under Singapore's regulatory framework, which emphasises segregation of client assets, fair dealing, 2FA security, and transparent disclosures.
Here's why that's important:
1. Protection under Singapore law
MAS-regulated brokers—from bank-backed names like DBS Vickers and OCBC Securities to digital platforms like Moomoo, Webull, Tiger, and Saxo—are required to:
- Hold a valid Capital Markets Services (CMS) licence
- Keep client money and securities separate from company funds
- Implement proper KYC, AML, and 2FA measures
This doesn't eliminate investment risk, but it reduces platform risk.
💡 MoneySmart Tip: Before you fund any brokerage account, search the MAS Financial Institutions Directory to confirm it's licensed.
2. Broader access to markets and products
Modern SG brokers give you access to more than just Singapore shares. Through a single account, you can often trade:
- SGX stocks, REITs, and ETFs
- US, HK, and regional equities
- Mutual funds/unit trusts
- US options and other specified investment products (SIPs)
Digital brokers like Moomoo, Webull, Tiger, and Longbridge bundle all of this into one app, often with low or even zero commission for new users.
3. Lower costs and fully digital onboarding
Competition among brokers is intense, which is good news for you:
- Many platforms now offer commission-free or heavily discounted trades for the first year
- Account opening is almost always digital, with MyInfo (SingPass) cutting out manual forms
- Minimum deposits are often $0–$1,000, especially for pure equities
But low commission isn't everything—you'll also want to look at platform fees, custody fees, and FX spreads. We'll help you compare those below.
Comparison: Best MAS-Regulated SG Stock Brokers in Singapore
Choosing a broker can feel overwhelming when every platform shouts "lowest fees" and "best app". To make things easier, here's an at-a-glance table of popular MAS-regulated brokers that support SG stocks and beyond.
SG Stock Brokerage Comparison Table
Brokerage platform | Commissions / trading fees | Platform fee | Minimum deposit | Funding methods | Best for |
US$0.90 per US order | None | S$0 | FAST, eDDA, TT | Beginners and cost-conscious traders; clean mobile UI | |
US$0.99 per trade on US stocks | None | S$0 | FAST, PayNow | Easy, fractional-share US investing | |
0% commission (lifetime US stocks) | US$0.99 per US order | S$0 | FAST, PayNow, TT | Everyday traders wanting low-cost access + analytics | |
US$0.003/share + US$0.005/share platform fee (min. US$0.99) | None | S$0 | FAST, PayNow | Digital-first investors wanting transparent pricing | |
From US$0.01/share (min. US$0.99) | None | S$1 | FAST, PayNow, MEPS | Multi-market beginners + active global traders | |
From US$1 or 0.08% per trade | None | S$0–S$1,500,000 (by tier) | Bank transfer | Professional/global investors needing advanced tools | |
US$0.005/share or min. US$1 | None | S$0 | FAST, TT, Wise | Advanced traders wanting lowest FX rates + global markets | |
US$1.88–US$3.88 per trade | Yes | S$0- S$1,000 (depending on account type) | Bank transfer | Hybrid SGX CDP + global markets; fund & RSP access | |
0.30% (min. US$20 per trade) | None | S$0 | Bank transfer | Bank-backed SGX & US trading with CDP-linked option | |
0.280% (min. S$25) tiered by order size | None | S$0 | Bank transfer | CDP-linked SGX investing + DBS/POSB integration |
⚠️ Note: Fees, promos, and minimums change regularly. Refer to either the broker's official platforms or through MoneySmart's investment comparison page to get latest updates.
Best Brokers by Investor Type
Not all investors need the same tools. Here's a summary of who each broker tends to fit best, based on experience level, product needs, and platform preferences.
Investor profile | Recommended brokers | Why it fits |
Beginners | Moomoo, Webull, Tiger Brokers | Low minimums, simple apps, educational content, promo-heavy (e.g. commission-free periods, sign-up bonuses) |
Blue-chip dividend hunter (SGX-only focus) | DBS Vickers (CDP-linked), OCBC Securities | Direct CDP holdings, dividends paid straight to bank, strong bank integration |
Mutual fund / unit trust DCA Investor | Phillip POEMS, Saxo Markets | Broad mutual fund shelves, regular savings plans (RSPs), multi-asset access |
Options / derivatives trader | Webull, Tiger, Saxo, Moomoo, POEMS | US options, risk assessment tools, and analytics for more advanced strategies |
Global multi-asset investor | Saxo Markets, Interactive Brokers | Access to many markets (US, EU, Asia), FX, futures, options, deep analytics |
Expat or non-resident | Saxo Markets, IBKR, Maybank Securities | Strong KYC for foreign documentation, global custody infrastructure |
Bank-loyal investor | DBS Vickers, OCBC Securities, UOB Kay Hian, Maybank Securities | Familiar bank branding, CDP support, easy funding via existing bank accounts |
CDP vs Custodian Brokers: Which One Makes Sense for You?
One of the most important decisions for SG investors is whether to use CDP-linked brokers or custodian brokers.
What is a CDP-linked broker?
A CDP (Central Depository) account is operated by SGX and records your Singapore-listed shares under your own name. CDP-linked brokers (like DBS Vickers, OCBC Securities, UOB Kay Hian) credit SGX shares into your CDP account.
Pros ✅ | Cons ❌ |
| Typically higher minimum commissions (e.g. S$25/trade) Only applies to SGX holdings (not US/HK stocks) |
What is a custodian broker?
Custodian brokers hold your securities in a nominee account on your behalf, especially for foreign markets like US and HK. You remain the beneficial owner.
Digital platforms like Moomoo, Webull, Tiger, Saxo, Longbridge use a custodian model for foreign stocks and often for SGX as well, unless CDP linkage is offered as an option.
Pros ✅ | Cons ❌ |
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Summary: CDP vs Custodian
Feature | CDP-Linked Broker (e.g., DBS, OCBC) | Custodian Broker (e.g., Webull, Tiger, Moomoo) |
SGX share ownership | In your name at CDP | Held in broker's nominee/custodian |
Foreign shares (US, HK) | Custodian model only | Custodian model only |
Typical SGX commission | Higher (eg. min. S$25) | Lower (fractional or flat min. fees) |
Dividends (SGX) | Paid via CDP to bank account | Paid via broker to your trading account |
AGM/rights participation | Direct via CDP | Through corporate action requests |
Best suited for | Long-term SGX investors wanting full ownership | Fee-sensitive and global investors |
SG Stock Trading Essentials for Singapore Investors
How SG stock trading works
When you buy SGX-listed shares:
- CDP-linked brokers send trade settlement instructions to SGX CDP
- Custodian brokers settle via their internal custodian accounts
- Settlement is typically T+2 (two business days) for SGX equities
For US/HK stocks traded via SG brokers:
- Trades are routed to foreign exchanges (NYSE/Nasdaq/HKEX)
- Settlement follows those market rules (e.g. T+1 for US equities after the 2024 SEC update)
- FX conversion occurs automatically via in-app FX or broker's treasury
Key costs beyond commission
- Trading commissions: percentage or fixed fee per trade
- Platform fees: per order or fixed monthly fees for specific markets
- Custody fees: monthly/quarterly charges per SGX holding for custodian accounts
- FX spreads: cost of converting SGD → USD/HKD, typically 0.3–0.8%
- Data subscriptions: optional fees for live Level 2 quotes or advanced analytics
💡 MoneySmart Tip: Always check "all-in fee" for your trade—commission + platform + custody + FX.
Taxes for SG investors
- No capital gains tax in Singapore on stock trading
- Dividends from SGX are typically tax-exempt for individuals
US dividends incur 30% withholding tax for non-US residents
- Handling is done through W-8BEN with your broker
- Domiciled ETFs from Ireland/Europe can reduce effective withholding to 15% in some cases
Step-by-Step Guide: How to Open a SG Broker Account
Step 1 | Step 2 | Step 3 |
Compare online brokerage platforms via MoneySmart | Prepare required documents | Apply online via MoneySmart |
Use MoneySmart's brokerage comparison tool to identify what matters most: lowest commissions, CDP vs custodian structure, mutual fund or options access, and the strongest sign-up promos. | To comply with KYC ("Know Your Customer") and anti-money-laundering regulations, you'll need to prepare: Singaporeans/PRs
Foreigners/Expats
Some brokers may also prompt you to complete CKA/CAR if you wish to trade complex products such as options or leveraged ETFs. | Once your documents are ready, it's time to kickstart your application! Click on the "Apply Now" button of your preferred online brokerage platform in our comparison listing page. From there, you'll be redirected to the application form to fill out. If applicable, you'll also be led to an exclusive MoneySmart promo form to fill up your particulars to enjoy sign-up discounts and more! |
Step 4 | Step 5 | Step 6 |
Complete a risk profile questionnaire | Link and fund your account | Start trading! |
After registering, answer basic questions on income, investment experience, and risk appetite. This assessment determines your access to additional products like options, CFDs, or mutual funds. Approval for these features will appear in your account dashboard once processed. | Funding options are available in both SGD and USD, depending on the broker:
Most brokers allow you to start from S$0–S$1,000, depending on platform requirements and products selected. | Once funded, you're ready to place your first trade:
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What Singapore Investors Say About SG Brokers
Every investor's experience is slightly different; here are some typical "profiles".
🤓 Investor A: The first-time SGX buyer
Broker: Moomoo
Why: Easy MyInfo onboarding, no minimum funding, and strong SGX promotions.
User impression: "I liked that I could open my account in 10 minutes and buy my first SG ETF on the same night."
🦉 Investor B: The part-time trader
Broker: Tiger Brokers
Why: Low fees, mobile app with watchlists and quick order entry.
User impression: "I don't trade daily, but when I do, I appreciate that it's cheap and I can see SG, US, and HK in one place."
🧑🏫 Investor C: The fund-based DCA investor
Broker: POEMS
Why: Regular savings plans, large mutual fund shelf.
User impression: "I set up monthly RSPs into a few funds—no need to monitor daily prices."
📲 Investor D: The app-only minimalist
Broker: Webull Singapore
Why: Clean interface and strong focus on mobile.
User impression: "I like the real-time alerts and easy charting; I only trade a handful of counters."
💡 Takeaway: Fees, product range, and UI differ widely across SG brokers—always match your platform to your personal style, not just promotions.
FAQs About Singapore Stock Brokers & SGX Trading
Are Singapore stock brokers safe?
Yes, if they are MAS-licensed. Your assets are held in segregated accounts and brokers are subject to regular audits. Avoid unregulated platforms that promise unrealistically high or guaranteed returns.
Can I trade US stocks via SG brokers?
Yes. Most SG brokers (Moomoo, Webull, Tiger Brokers, Saxo Capital Markets, POEMS, Longbridge, IBKR add-ons) offer US trading via a custodian model. You'll need to complete a W-8BEN form for US tax purposes.
What are typical SGX trading fees?
- Digital brokers: as low as 0.025–0.08%, sometimes with low or no min.
- Bank brokers (DBS/OCBC): around 0.28–0.30% with min. S$25 per trade.
Check the full fee schedule for custody, platform, and FX charges.
Can I invest using CPF or SRS?
Yes, but only via CPFIS- or SRS-approved products and platforms. CDP-linked brokers (e.g. DBS Vickers, OCBC) typically support CPF/SRS for SGX shares and certain funds. Most pure digital brokers do not.
How quickly can I start trading after signup?
With MyInfo-based digital onboarding, many brokers let you trade within the same day. Foreigners or manual-doc applicants may wait 1–2 business days.
Are there hidden or ongoing fees?
Possible fee types include:
- Monthly custody fee for SGX stocks in a custodian account
- Platform fee per order for some US/US options trades
- FX conversion costs for foreign currencies
These are all disclosed in fee pages—read them before funding.
Which broker should I use if I want CDP-linked SGX shares?
Use DBS Vickers, OCBC Securities, UOB Kay Hian, or POEMS (CDP option). These send dividends directly to your bank and record shares under your name. Fees are higher, but ideal for long-term or dividend investors.
Which brokers offer the lowest fees for SGX trading?
Digital brokers like Moomoo, Webull, Tiger Brokers, and Longbridge offer the lowest SGX fees and long commission-free promos. Shares are held in custodian accounts, not CDP.
How are dividends handled on custodian platforms?
Custodian brokers receive dividends first, then credit them to your trading account. Timing may vary slightly. CDP-linked brokers credit dividends directly to your bank, which is simpler for long-term holders.
Which broker is best for SGX ETFs (e.g., STI ETF, REIT ETFs)?
For lowest costs: Moomoo, Webull, Tiger.
For CDP ownership of ETFs: DBS Vickers or POEMS CDP.
Choose custodian accounts for cheap accumulation; CDP for direct ownership and cleaner admin.