Best Investment Brokerage Platform for US Stocks 2026
Choose from MoneySmart's curated list of best brokerages to invest in US Stocks and Learn how to maximise returns.
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Why Invest in US Stocks from Singapore?
If you’ve mostly invested in Singapore so far, it’s worth exploring opportunities across the Pacific. The US market is the world’s largest and most liquid, offering unparalleled access to global leaders, emerging sectors, and diversified growth. Beyond familiar names like Apple and Tesla, investing in US equities can broaden your portfolio, balance local exposure, and unlock new long-term potential. Here are several reasons why:
1. Diversify beyond the Singapore market
Singapore's economy is robust, but it's small and concentrated in a few key sectors. By investing in US stocks, you gain exposure to global industries like technology, healthcare, and energy sectors not fully represented on the Singapore Exchange (SGX). Diversification helps spread risk so that your portfolio isn't overly tied to local market cycles or currency swings.
Considerations:
- You'll trade in USD, so exchange rates between SGD and USD can affect your returns. FX conversion fees may apply; other currency movements and global events may cause volatility within the US market.
Don't let ambition cloud your regard for safety. Stick to MAS-regulated (Monetary Authority of Singapore) brokers to ensure your investments are safeguarded and held under proper custodian account structures.
2. Access to global market leaders and growth sectors
The US market lists many of the world's most influential and innovative companies like Microsoft, Amazon, and Nvidia. You can also invest in US-listed ETFs that track everything from clean energy to artificial intelligence. For Singapore investors, that means tapping into themes that are shaping the future economy.
Considerations:
- Fractional share investing is available with online brokerage platforms like Webull, Moomoo, and Syfe Trade. Such investing allows you to buy portions of expensive stocks like Alphabet or Amazon.
- Singapore doesn't impose capital gains tax, but US dividends are subject to a 30% withholding tax for foreign investors. Most brokers automatically manage this via the W-8BEN form.
💡 MoneySmart Tip: Alternatively, to reduce dividend withholding tax on US stocks, consider Ireland-domiciled ETFs listed in markets like London or Dublin. These funds benefit from a reduced 15% tax rate under the US-Ireland tax treaty - lower than the standard 30% for direct US investments.
3. Enjoy high liquidity and fairer pricing
With the largest trading volumes globally, the US market offers deep liquidity that helps ensure fair pricing and faster order execution. This makes entering and exiting positions easier, even for smaller investors. Compared to some thinly traded SGX counters, US stocks are generally more active and efficiently priced.
Considerations:
- The US trading day runs overnight Singapore time (9.30 pm - 4.00 am SGT).
- Most brokers now offer pre- and post-market trading if you prefer flexibility.
💡 MoneySmart Tip: Use limit orders to control execution prices when trading after hours.
4. Broader range of investment options
Beyond stocks, US markets offer a universe of ETFs, mutual funds, ADRs (American Depository Receipt), and even listed options. Whether you prefer passive investing in an index like the S&P 500 or targeting specific sectors, the choice is far wider than what's available locally.
Consideration:
- Some complex products like leveraged or inverse ETFs are restricted in Singapore under MAS guidelines and the SFA (Securities and Futures Act). Always verify product availability and investor eligibility with your broker before trading.
Investing in complex instruments carry higher risks and trading in foreign markets will incur FX conversion costs (i.e. converting SGD to USD, or other currencies).
5. Competitive fees and digital access
Most MAS-regulated brokers today provide low-cost or commission-free access to US markets through mobile apps. For instance, platforms like Moomoo, Webull, and Longbridge Securities offer free trades or minimal platform fees, making it easier for new investors to start small.
Considerations: Even with zero commission, watch out for hidden costs such as FX spreads, platform or inactivity fees.
Comparison: Best MAS-Regulated US Stock Brokers in Singapore
| Brokerage Platform | Commission / Trading Fees | Platform Fee | Minimum Deposit | Funding Options | Best For |
|---|---|---|---|---|---|
| Webull Singapore | US$0.90 per order | None | S$0 | FAST, eDDA, TT | Beginners and cost-conscious traders; strong mobile UX |
| FOREX.com | Variable spreads from 0.8 pips | None | ~S$150 | Bank transfer, credit/debit card | Global forex access and CFD trading with advanced tools |
| eToro | 0% commission on US stocks (spread-based) | None | US$50 (~S$70) | Credit/debit card, bank transfer, PayPal | Beginners wanting social trading and fractional shares with zero commission |
| Plus500 | Spreads-based (no commission) | None | S$100 | Credit/debit card, bank transfer, PayPal | Simple CFD-focused platform with transparent spreads and strong investor protection |
| Syfe | US$0.99 per trade | None | S$0 | FAST, PayNow | Seamless app offering fractional shares and US ETF access |
| Moomoo | Lifetime commission-free (US$0 commission) | US$0.99 platform fee per US order | S$0 | FAST, PayNow, TT | Cost-conscious and everyday traders seeking zero-commission trades |
| Longbridge Securities | US$0.005 per share (min. US$0.99 per order) | None | S$0 | FAST, PayNow | Digital-first and multi-market investors seeking local support and transparent pricing |
| Tiger Brokers | From US$0.005 per share (min. US$0.99 per trade) | None | S$1 | FAST, PayNow, MEPS | Beginner and multi-market investors seeking integrated trading across SG, HK, and US markets |
| Saxo Capital Markets | From US$1 or 0.08% per trade | None | S$0–S$1,500,000 | Bank transfer | Active, professional traders & global investors |
| Interactive Brokers (IBKR) | From US$0.005 per share or US$1 per trade | None | S$0 | FAST, TT, Wise | Professionals seeking advanced analytics, options, and low FX conversion rates (~0.002%) |
| Maybank Securities Singapore (MSSG) | 0.12% commission (min. US$10 per trade) | Varies | S$0 | Bank transfer | If you prefer traditional bank broker |
| PhillipCapital (POEMS) | From US$1.88–$3.88 per trade | Yes | S$1,000 | Bank transfer | Experienced traders wanting hybrid access to SGX (CDP-linked) and overseas markets |
| Phillip Nova | From US$1.88 per trade | Yes | S$1,000 | Bank transfer | Supports futures, forex, and global equities |
| uSMART SG | US$0.99 per trade | None | S$0 | FAST, PayNow | Combines low-cost US stock trades with educational tools |
| Phillip MetaTrader 5 (MT5) | Variable spreads (starting from 0.8 pips) | None | S$200 | Bank transfer | Advanced MetaTrader suite for forex and CFD traders |
| CMC Markets | From 0.08% (min. US$10 per trade) | None | S$0 | FAST, bank transfer | Investors wanting CFDs and US equities in a robust global platform |
| OCBC Securities | 0.18% (min. US$20 per trade) | None | S$0 | Bank transfer | Bank-backed reliability and integration with OCBC accounts |
| DBS Vickers | 0.18% (min. US$20 per trade) | None | S$0 | Bank transfer | Secure, CDP-linked trading platform and integration with DBS accounts |
Best Brokers by Investor Type
| Investor Profile | Recommended Brokers | Why It Fits |
|---|---|---|
| Beginners | Tiger Brokers, Webull, Syfe Trade | Low minimums, intuitive apps, demo trading available |
| Active Traders | Saxo Markets, Interactive Brokers | Advanced analytics, multi-market access, competitive per-share pricing |
| Value Seekers | Moomoo, Longbridge | Lifetime zero-commission options with transparent per-trade fees |
| Bank-Linked Investors | OCBC Securities, DBS Vickers, Maybank Securities Singapore | Established local backing, CDP and prefunded account options |
Disclaimer: All information in this table is accurate as of January 2026 and is meant for educational purposes only. Fees, minimum deposits, and other figures are subject to change without prior notice by brokers. Always verify the latest terms directly with your broker before making investment decisions.
CDP vs Custodian Brokers: Which Is Best for US Stocks?
When you buy shares on the Singapore Exchange (SGX), your stocks are held in a CDP-linked account under your name. But when you invest in US stocks, your broker uses a custodian model instead. Understanding the difference is key to knowing how your assets are owned, managed, and protected.
What is a CDP-linked broker?
Dividends and corporate actions, such as rights issues, are processed automatically through CDP, simplifying record-keeping and administration. However, CDP-linked accounts apply only to SGX-listed equities. You can’t hold or trade US stocks through CDP, as those settle on US markets.
What is a custodian account?
Custodian brokers operate via a nominee structure, where your foreign stocks (e.g. US-listed equities) are held by the broker (or its partner custodian) on your behalf. hold your foreign stocks. You remain the beneficial owner, but the shares are technically registered under the broker's custodian entity.
This is the only viable structure for trading US and other foreign-listed stocks. The online brokers listed so far are all examples of custodian brokers. These platforms are all MAS-regulated and maintain segregated client accounts to ensure investor protection:
- Webull Singapore: US$0.90 per trade; fractional shares supported.
- Moomoo: Lifetime 0% commission for US stocks, US$0.99 platform fee.
- Tiger Brokers: US$0.99 per trade, multi-market access.
- Saxo Markets: US$1 or 0.08% per trade; premium tools.
- Interactive Brokers (IBKR): US$1 per trade, SIPC coverage up to US$500,000.
Summary: CDP vs custodian brokers
| Feature | CDP-Linked Broker (e.g., DBS, OCBC, UOB) |
Custodian Broker (e.g., Webull, Tiger, Moomoo) |
|---|---|---|
| Ownership | Shares held under your name in CDP | Shares held under broker's custodian nominee |
| Markets Supported | SGX only | Global (US, HK, China, etc.) |
| Settlement | Through CDP (T+2 SGX cycle) | Foreign clearing systems (T+1 US) |
| Trading Fees | Typically 0.18% (min. US$20-$25) | From US$0-US$1 per trade |
| Dividend Handling | Credited via CDP automatically | Managed by broker, credited to your account |
| Investor Protection | SGX oversight | MAS-regulated, with segregated custody |
| Ease of Transfer | Direct under CDP | Requires broker transfer process |
Bridge the Brokerage Gap
Want to learn more about investing with Investmentss? Check out our guide for the full scoop!
US Stock Trading Essentials for Singapore Investors
We’ve established that investing in US stocks gives Singaporeans access to some of the world’s biggest companies and most active financial markets. Trading through MAS-regulated brokers across borders is now straightforward, affordable, and fully online. But before you begin stepping into the foray of US markets, here’s what you should know.
How US stock trading works
When you trade US shares from Singapore, your broker executes orders on American exchanges such as the NYSE or Nasdaq. These brokers operate on a custodian model.
Trading is conducted in USD, and most brokers manage conversions from SGD via their in-app FX features. Common trading hours are 9:30 pm to 4:00 am Singapore time, aligning with US market hours.
US market hours (SGT)
- Pre-market: 4pm to 9.40pm
- Regular: 9.30pm to 4am
- After-hours: 4am to 8am
Order types: Market, limit, stop, and GTC orders let you control entry and exit. Limit orders are safest for overnight traders.
Settlement: Trades now settle in T+1 after the 2024 SEC update.
Recommended tools: Fractional shares, alerts, and demo trading help you learn and trade confidently.
Key costs to understand
Most US brokers charge a small commission and a platform or FX conversion fee. Always review:
- Trading fees: Range from US$0.90-US$1 per trade on average.
- Platform fees: Typically US$0-US$0.99 per order.
- FX costs: Most brokers charge 0.3-0.8% for SGD to USD conversion. Keep a USD balance to reduce repeated conversions.
- Custody or inactivity fees: Although rare now, some brokers may charge a fee for dormant accounts.
Taxes and reporting
Singapore does not tax capital gains, but the US government imposes a 30% withholding tax on dividends for foreign investors. Completing the W-8BEN form ensures compliance and accurate tax treatment. Most MAS-regulated brokers handle this automatically during account setup.
Step-by-Step Guide: How to Open a US Brokerage Account in Singapore
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- Custodian brokers like Webull, Moomoo, Saxo, and Syfe offer access to real US shares.
- CFD brokers like Plus500 and FOREX.com let you speculate on price movements without owning shares.
Prepare required documents
To comply with KYC ("Know Your Customer") and anti-money-laundering regulations, you'll need to prepare:
- NRIC (for Singaporeans/PRs) or eligible passport (foreigners)
- Proof of address (e.g. bank statement, utility bill, or Singpass MyInfo)
- Tax Residency information
- W-8BEN Form* for US tax declaration purposes as a non-US resident
*This form ensures US dividends are subject to the correct 30% withholding tax rate to avoid double taxation. Most brokers like Tiger and Webull will automatically prompt you to complete it (<2 minutes) during setup.
Apply online via MoneySmart
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 (e.g. $20 off Endowus Fee) and more!
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.
Link and fund your account
Funding options are available in both SGD and USD, depending on the broker:
- FAST/PayNow: Instant; available for SGD funding on brokers like Webull, Moomoo, Syfe.
- Telegraphic transfer: 1-2 business days; for USD deposits from multi-currency accounts
- Credit / debit card: Instant; but not preferred due to fees
💡 US trades require USD, so your SGD funds will be auto-converted and subject to FX conversion fees. Expect spreads between 0.3%-0.8% depending on your broker.
Start trading!
Once funded, you're ready to buy your first US stock! Remember to:
- Use limit orders to manage overnight price fluctuations.
- Enable price alerts and real-time data for better market visibility.
- Set up two-factor authentication (2FA) for added security.
What Singapore Investors Say About US Stock Brokers
Numbers tell one part of the story, real experiences tell the rest. Every investor’s experience with a US broker in Singapore looks a little different, but common themes emerge. Here’s a look at how Singaporeans typically navigate their choice of platforms, from low-cost apps to traditional bank-backed brokers.
🤓 Investor A: The beginner on a budget
Broker: Moomoo Singapore
Why this broker: Zero commissions, mobile-friendly app, and strong local presence.
General user anecdotes: "I liked that I could start trading with as little as S$0, and everything from sign-up to trading was in one app. The onboarding process was seamless with MyInfo."
💡 Takeaway: Moomoo is a solid brokerage choice for beginners who want a smooth start, but even with zero commissions, fees still apply through FX conversion spreads and platform fees. Always read the fine print.
🦉 Investor B: The Night owl trader
Broker: Webull Singapore
Why this broker: Clean interface and extended-hours trading access.
General user anecdotes: "I trade US stocks after work, so Webull's pre-market and post-market access helps. The real-time alerts are fast and reliable."
💡 Takeaway: Overnight volatility can be intense. Webull offers flexibility for night-time traders by allowing limit orders to be set and protecting against price swings while you sleep.
🧑🔬 Investor C: The research-driven investor
Broker: Saxo Markets
Why this broker: Professional research, global access, and portfolio analysis tools.
General user anecdotes: "I like having everything in one dashboard: research, FX conversions, and analytics. It feels closer to an institutional platform."
💡 Takeaway: Saxo is best for serious investors valuing higher-quality data and analytics - but that often comes at a price. Be ready to pay for premium data subscriptions.
📲 Investor D: The mobile-first minimalist
Broker: Longbridge Securities
Why this broker: Zero-commission trades and fractional share access.
General user anecdotes: "Fractional shares made it easy to invest in big US companies like Tesla without overspending. The app is simple enough for casual investing."
💡 Takeaway: Some smaller brokers have limited research tools; supplement with free platforms like Yahoo Finance or TradingView.
FAQs About US Stock Brokers in Singapore
Are US stock brokers in Singapore safe?
- Yes. As long as you use a licensed broker (e.g. Tiger Brokers, Moomoo, Webull Singapore, IBKR, etc.) by MAS (Monetary Authority of Singapore), your funds are held in segregated client accounts. Avoid any unlicensed apps that claim zero-risk trading or guaranteed returns.
Can I trade US stocks directly from Singapore?
Yes, absolutely. MAS-licensed custodian brokers offer access to NYSE and Nasdaq. All you need to do is complete a W‑8BEN tax form during onboarding to declare non‑US residency and qualify for the correct 30% US dividend withholding rate. Most brokers automate this process.
What are typical trading fees?
Most digital brokers now charge less than US$1 per trade:
- Webull: ~US$0.90/order
- Moomoo: ~US$0 commission + US$0.99 platform fee
- Tiger Brokers: ~US$0.99/trade
- Interactive Brokers: ~US$1/trade or US$0.005/share
- Saxo Markets: 0.08% commission (min. US$1)
- Maybank Securities: 0.12% commission (min. US$10)
Since traditional options like Maybank Securities or Saxo Markets charge between 0.08-0.12%, they tend to be better suited for larger trades or high-net-worth investors.
Do I need to pay tax on US stock profits?
No. Singapore does not tax capital gains. However, the US government withholds 30% on dividends from non-residents. Filing your W-8BEN form ensures the correct taxation and prevents unnecessary deductions. Renewal is every 3 years.
What is the W-8BEN form?
- The W-8BEN is a tax declaration confirming that you’re a non-US resident. It allows brokers to apply the correct withholding tax on dividends. Most broker platforms like Webull, Moomoo, and Tiger Brokers automatically submit this form during onboarding. It remains valid for three years before renewal.
What’s the minimum amount to start trading US stocks?
It depends on your broker.
- Webull, Moomoo, and Interactive Brokers: No minimum deposit
- Tiger Brokers: Minimum US$1
- Saxo Markets: Up to S$1,500,000 (tiered)
- Maybank Securities: S$0 (for CDP accounts)
You can even buy fractional shares for as little as US$5 on some platforms.
How do I fund my account?
Most brokers support FAST transfers and PayNow for instant funding. For example:
- Webull: FAST, eDDA, TT
- Moomoo: FAST, PayNow, TT
- Tiger Brokers: FAST, PayNow, MEPS
Deposits typically appear within minutes, while withdrawals to SGD accounts take 1-3 business days.
Are there any ongoing fees or hidden charges?
Ongoing costs include platform fees (e.g., Moomoo's US$0.99/order), FX conversion spreads (typically 0.3-0.7% from SGD to USD), and data subscription fees for advanced charting tools. Inactivity fees are rare these days, but may apply for inactive accounts on some legacy brokers.
Regardless, most MAS-regulated brokers disclose all charges transparently under fee schedule or client agreement sections.
Which broker is best overall?
There's no one-size-fits-all answer.
- For beginners: Webull or Moomoo (low fees, easy apps).
- For frequent traders: Tiger Brokers or Interactive Brokers (depth, analytics).
- For high net worth investors: Saxo or Maybank (strong regulation, support).
All listed brokers are MAS-licensed, secure, and offer unique benefits - the key is matching your platform to your trading style.
What’s the fastest way to start buying US stocks in Singapore?
- To start trading US stocks as a Singapore resident, you’ll typically need to sign up with a regulated online brokerage, submit identity documents for KYC, and fund your account with SGD or USD. Most platforms offer digital onboarding and may let you trade the same day upon approval.
Can I use my SRS or CPF to invest in US stocks?
Most US-centric stock brokerages in Singapore do not accept SRS or CPF funds directly. You may be able to use SRS for local brokers offering US-listed ETFs via SGX, but CPF investment is not supported for direct US stock trades.
If my platform KYC fails, what should I do?
If funding or withdrawal delays occur, ensure the following are in order:
- Check bank transfer and currency settings.
- Confirm your bank account verification (KYC) is complete.
- Keep transfer receipts and contact broker support if funds aren't reflected after normal processing hours.
- For KYC failures, re-submit updated IDs or address proofs.
What is a CDP-linked vs. custodian broker for US shares in Singapore?
CDP-linked brokers (e.g. DBS Vickers, OCBC Securities) let you hold SGX-listed shares directly under your own name via the Central Depository. Meanwhile, custodian brokers hold US shares on your behalf in segregated nominee accounts. Custodian models are required for US stocks where stock ownership remains beneficial, not direct.