Compare the Best Online Investment Brokerages in Singapore | Up to $550 Cash

Choose from MoneySmart's curated list of best brokerage accounts in Singapore and learn how to maximise returns by investing. With rising inflation, protect your wealth by investing in assets that outpace the rate of inflation. Read More
We found 24 Online Brokerages for you!
Webull Singapore

Platform Fee

US$0*

Platform Fee
MoneySmart Exclusive
0* Platform Fees
Flat Commission Fee for US Stocks
US$0.9*
Min. Commission Fee for SG Stocks
S$0*
Platform Fee
US$0*

[FLASH DEAL | MoneySmart Exclusive]
Get up to S$370 UPSIZED Cash OR an Apple 11-inch iPad Wi-Fi (A16, 2025, 128GB) (worth S$499) OR S$400 Amazon Vouchers when you meet the requirements.
 
PLUS, get a 1 year Little Emperors Travel Membership (worth USD350) and get preferential hotel rates at over 5,000 luxury hotels worldwide. T&Cs apply.
 
[Webull Promotion]
Enjoy 0* Platform Fees on US stocks, US ETFs, US options, HK stocks and HK ETFs.
Enjoy Flat Commission Fee for US Stocks & ETFs at USD0.90 per order.
 Plus, receive up to USD600* rewards from Webull‘s New Welcome Promotion. T&Cs apply.

Valid until 31 Jul 2025 - See more details below
FOREX.com

Min. Funding

S$150

Min. Funding
MoneySmart Exclusive
Min. Commission Fee US Stocks
US$8
Min. Commission Fee SG Stocks
S$10
Min. Funding
S$150
IG

Min. Funding

S$0

Min. Funding
MoneySmart Exclusive
Min. Commission Fee US Stocks
US$10
Min. Commission Fee SG Stocks
S$10
Min. Funding
S$0

[FLASH DEAL | MoneySmart Exclusive]
Get S$200 UPSIZED Cash via PayNow OR an Apple AirPods 4 with Active Noise Cancellation (worth S$249) when you open, fund a min. of S$1,000 within 1 deposit and execute 1 CFD transaction with IG.
PLUS, get a 1 year Little Emperors Travel Membership (worth USD350) and get preferential hotel rates at over 5,000 luxury hotels worldwide. *T&Cs apply.
 
[IG Promotion]
Enjoy a welcome bonus of up to S$2,888 when you open an account, fund min. S$1,000 and trade CFDs with IG. T&Cs apply.

Valid until 31 Jul 2025 - See more details below
OANDA

Min. Funding

$0

Min. Funding
MoneySmart Exclusive
CFD Trading only
EUR/USD and USD/JPY
From 0.6 pips*
Spreads Only
$0
Min. Funding
$0

[MoneySmart Exclusive]
Get S$100 Cash via PayNow when you open, fund (no min. deposit) and execute 5 qualifying trades* trades with OANDA. T&Cs apply.
 
[OANDA Online Promotion]
PLUS receive a welcome bonus of up to S$10,000 when you meet the minimum accumulative deposit within 30 days and the minimum trade requirements! T&Cs apply.

Valid until 31 Jul 2025 - See more details below
Longbridge Securities

Min. Funding

S$0

Min. Funding
MoneySmart Exclusive
Low Trade Fees
Lifetime Commission for US & HK stocks
$0
Commission Fee (SG Stocks)
S$0
Min. Funding
S$0

[FLASH DEAL | MoneySmart Exclusive]
Get up to S$380 via PayNow OR an Apple 11-inch iPad Wi-Fi (A16, 2025, 128GB) (worth S$499) OR an Apple AirPods 4 (worth S$199) when you open, fund & trade with Longbridge Securities*.
 
PLUS, get a 1 year Little Emperors Travel Membership (worth USD350) and get preferential hotel rates at over 5,000 luxury hotels worldwide.
*T&Cs apply.

Valid until 31 Jul 2025 - See more details below
moomoo Singapore

Min. Funding

$0

Min. Funding
MoneySmart Exclusive
0 Commission Fees
Min. Commission Fee US Stocks
US$0
Min. Commission Fee SG Stocks
S$0*
Min. Funding
$0

[FLASH SALE | MoneySmart Exclusive]
Get S$100 UPSIZED Cash via PayNow when you open, fund a min. of S$2,000 within one single deposit
OR S$800 via PayNow when you open, fund a min. of S$250,000 within a day with Moomoo SG. T&Cs apply.

Valid until 31 Jul 2025 - See more details below
Tiger Brokers

Min. Funding

$0

Min. Funding
MoneySmart Exclusive
Low Commission Fees
Min. Commission Fee US Stocks
US$0.99*
Min. Commission Fee SG Stocks
0.03% of Trade Value*
Min. Funding
$0

[MoneySmart Exclusive]
Get S$120 UPSIZED Cash via PayNow OR an Apple AirPods 4 (worth S$199) when you open, fund a min. of USD1,000 within the initial deposit and complete 1 new BUY trade with Tiger Brokers. T&Cs apply.
 
[Tiger Brokers Promotion]
Enjoy up to S$1,000* worth of welcome rewards with Tiger Brokers! T&Cs apply.

Valid until 31 Jul 2025 - See more details below
Interactive Brokers

Min. Funding

$0

Min. Funding
Newest desktop trading platform on IBKR Desktop
Min. Commission Fee US Stocks
US$1
Min. Commission Fee SG Stocks
$2.50
Min. Funding
$0
uSMART SG

Min. Funding

S$0

Min. Funding
No minimum commission | Lowest Trading Fees
Commission Fee for US Stocks & Options
S$0
Min. Commission Fee for SG Stocks
0.02% of Trade Value
Min. Funding
S$0
Syfe Brokerage

Min. Funding

US$0

Min. Funding
MoneySmart Exclusive
No hidden fees
Min. Commission Fee for US Stocks
US$0
Min. Commission Fee for SG Stocks
S$0
Min. Funding
US$0
[MoneySmart Exclusive]
Get an Apple AirPods when you invest with Syfe with min funding of S$25,000 within 30 days by 20 July 2025 and apply the promo code MSAIRPODS. T&Cs apply.
Valid until 20 Jul 2025 - See more details below
CMC Invest

Min. Funding

S$0

Min. Funding
Commission Fee (US Stocks) After 10 Free Monthly Trades
0.03% or min. USD 3
Commission Fee (SG Stocks) After 5 Free Monthly Trades
0.04% or min. SGD 2
Min. Funding
S$0
Saxo

Min. Funding

S$0

Min. Funding
Min. Commission Fee US Stocks
US$1
Min. Commission Fee SG Stocks
S$3
Min. Funding
S$0
CGS International

Min. Funding

S$0

Min. Funding
Min. Commission Fee for US Stocks
US$20
Min. Commission Fee for SG Stocks
S$18
Min. Funding
S$0
Phillip MetaTrader 5

Min. Funding

S$0

Min. Funding
Min. Commission Fee for US Stocks
US$0
Min. Commission Fee for SG Stocks
S$0
Min. Funding
S$0
Phillip Nova

Min. Funding

S$0

Min. Funding
Min. Commission Fee for US Stocks
0.01% (min. USD5)
Min. Commission Fee for SG Stocks
0.08% (no min.)
Min. Funding
S$0
CMC Markets

Min. Funding

S$0

Min. Funding
Min. Commission Fee US Stocks
US$10
Min. Commission Fee SG Stocks
S$10
Min. Funding
S$0
Maybank Securities Singapore

Min. Funding

SGD0

Min. Funding
Online Promo
Min. Commission Fee for US Stocks
From USD10
Min. Commission Fee for SG Stocks
From SGD10
Min. Funding
SGD0
Online Promo:
Get S$60 When You Trade Leading SG Stocks: 
Be among the first 200 new clients to receive S$60 when you place a buy trade on any of our curated Singapore Brand Leaders stocks. T&Cs apply.

Earn S$50 Shopping Voucher with SRS Trades: 
Receive a S$50 shopping voucher for every S$5,000 buy trade on eligible Nikko AM ETFs made through your SRS account – capped at S$200 per client. T&Cs apply.

Win S$1,000 Cash with 3X Chances on SGX ETFs: 
For every buy trade, earn 1 chance to win S$1,000 cash on SGX-listed stocks, 3X chances on SGX-listed ETFs, and 6X chances on any of our Singapore Brand Leaders stocks. T&Cs apply.
Valid until 31 Dec 2025 - See more details below
PhillipCapital (POEMS)

Min. Funding

$0

Min. Funding
Min. Commission Fee US Stocks
US$3.88
Min. Commission Fee SG Stocks
0.08% (no min.)
Min. Funding
$0
OCBC Securities

Min. Funding

S$0

Min. Funding
Min. Commission Fee US Stocks
US$20
Min. Commission Fee SG Stocks
S$25
Min. Funding
S$0
UOB Kay Hian

Min. Funding

S$0

Min. Funding
Min. Commission Fee US Stocks
US$20
Min. Commission Fee SG Stocks
S$18
Min. Funding
S$0

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

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What is an Online Brokerage and How Does it Work?

An online brokerage is a digital platform that lets you buy and sell stocks, ETFs, mutual funds, and other securities independently. You manage your own portfolio while the platform provides tools, educational resources, market access, and research data to support informed, efficient trading.

Once your account is opened and funded, you can securely log in to browse for securities, monitor live price movements, and place trades using order types like market or limit orders. Unlike traditional brokerages that rely on human middleman advisors, online brokerage platforms are self-directed, automatically routing your orders to the appropriate exchange with real-time portfolio updates.

Online brokerages also provide in-house research, charting tools, watchlists, and performance tracking—all in one place. Alongside relatively lower fees and commissions, online brokerages make investing more accessible and cost-efficient for retail investors to have full control over portfolios while the platform handles the technical backend.

How to Invest in Singapore: Step-by-Step Guide

Starting your investment journey can be daunting, but it doesn’t have to be. Identifying your personal financial goals is a good first step; figuring out if you’re saving for retirement, growing wealth, or funding a major life milestone are useful in devising your investment strategy. Because once these objectives are clear, assessing which types of assets (e.g. stocks, ETFs, REITs) best suit your strategy.

Next, choose a preferred online brokerage platform, open an account, fund it, and place your first trade. Each step in the process plays a key role: your broker determines the extent of your access to global markets and fees, while your first investment defines the beginning of your portfolio.

Online Brokerage Providers in Singapore: Rewards & Trading Fee Comparison

Brokerage Platform Highest Reward Promo End Date Min. Commission Fee for US Stocks Min. Commission Fee for SG Stocks Min. Trade Fee Min. Deposit
Webull Singapore Up to S$350 UPSIZED Cash OR 5,000 SmartPoints Valid until 30 June 2025 USD0* S$0* 0% USD10,000^
FOREX.com S$250 UPSIZED Cash OR 5,000 SmartPoints Valid until 30 June 2025 US$8 S$10 0.08% S$1,000
Saxo S$350 Cash OR 5,000 SmartPoints Valid until 30 June 2025 US$1 S$3 0.03% S$3,000
IG S$200 UPSIZED Cash OR an Apple AirPods 4 with Active Noise Cancellation (worth S$249) Valid until 30 June 2025 US$10 S$10 0.1% S$1,000
moomoo Singapore S$100 UPSIZED Cash Valid until 30 June 2025 US$0 S$0* 0.03% S$250,000
Longbridge Securities Up to S$380 via PayNow OR a Sennheiser MOMENTUM True Wireless 4 Earbuds (worth S$449) Valid until 30 June 2025 $0 0.03% or min. SGD 0.99 0.03% S$2,000
Tiger Brokers S$120 UPSIZED Cash OR Apple AirPods 4 (worth S$199) Valid until 30 June 2025 US$0.99* 0.03% of Trade Value* 0.03% USD1,000
uSMART 5G Get S$80 via PayNow Valid until 30 June 2025 S$0 0.02% of Trade Value 0.02% S$1,000

Types of Products Offered by Online Brokerages

Login to any online brokerage website and you will find a list of trading products: stocks, ETFs, bonds, commodities, options, futures, funds, forex, and CFDs. These products can be further differentiated into two categories: asset classes and financial instruments. What's the difference?

Asset classes are the products that you can trade or invest in, while financial instruments are the different ways or methods to trade securities across asset classes.

Forex (FX)

Asset class


Forex trading involves the price movements of currency pairs– such as the EUR/ USD, and USD/ SGD. While it may feel conceptually similar to exchanging currency at a money changer, FX trading is speculative, involves leverage, and is conducted on the global interbank market. Know that FX trading inherently always carries high risk due to volatility and leverage.

  • Why speculative? This largely involves profiting from short-term price movements in currency pairs rather than holding them long-term.
  • Why leverage? This is a double-edged sword because you borrow funds to increase trade size, inadvertently exposing yourself to greater potential gains and losses.

  • Simply put, when you buy USD/SGD, you’ll receive (your buy) USD in exchange (your sell) for your SGD. In Singapore, retail FX trading is regulated by MAS on licensed brokerage platforms.
    Commodities

    Asset class


    Commodity trading grants exposure to raw materials and commodities such as precious metals (gold, silver), energy (crude oil, natural gas) and agriculture (corn, soybeans). These are usually traded via futures contracts, CFDs (contract for differences), or ETFs.

    Notably, commodity prices are influenced by global economic trends, geopolitical tensions, weather conditions, and supply and demand dynamics.

    Equities (Stocks)

    Asset class


    Stocks, otherwise known as shares, are popular long-term securities traded actively via brokers or CFDs. They signify part-ownership in a company. Holding shares of firms like Singtel or CapitaLand means you’re a part-owner entitled to potential capital gains and dividends. A good investor will carefully evaluate a company’s financials and business prospects before purchasing its shares.

    Bonds

    Asset class


    Bonds are fixed income instruments. Purchasing a bond essentially means lending money to a government or company in exchange for fixed and periodic payments. In Singapore, any retail investor can access bonds via Singapore Savings Bonds (SSBs), corporate bonds, or bond ETFs. While money is returned at maturity and considerably lower risk, returns can still fluctuate based on interest rate movements and issuer creditworthiness.

    Index

    Asset class


    An index tracks the performance of a specific basket of securities (e.g. stocks, bonds, ETFs, REITs, etc.). In Singapore, the Straits Times Index (STI) tracks the performance of the top 30 companies listed on the SGX, and serves as an indicator of Singapore’s economic health. You gain exposure to indices via ETFs or CFDs.

    ETFs

    Asset class


    An ETF (Exchange-Traded Fund) is a basket of assets like stocks, bonds, or commodities. They are traded like individual stocks on an exchange. Many ETFs are designed to replicate or track the performance of an underlying index. For example, the STI ETF tracks the Straits Times Index.

    ETFs offer diversification, lower fees, and transparency, making them popular among both beginner and experienced investors. Since an ETF is marketed as a security, it has a buy and sell price and can be traded on an exchange.

    CFDs

    Financial instrument


    A CFD (Contract For Difference) is a derivative product from entering a contract between you and the brokerage firm to exchange the price difference of an asset between the time you first open and close a position. There is no actual ownership of the underlying asset (e.g. stock, commodity) and leverages are often involved.

    Futures

    Financial instrument


    Futures are standardised financial contracts that obligate traders to transact an asset at a set price on a predetermined future date. You can buy futures on a variety of asset classes such as forex, commodities, equities, and indices.

    Mutual funds / Unit trusts

    Financial instrument


    Mutual funds or unit trusts are pools of money collected from investors and subsequently professionally managed and diversified across asset classes such as stocks, and commodities. Since these funds will be used to buy a variety of securities, it is generally considered a safer investment instrument, but they still carry risk.

    How to Choose the Best Broker?

    Finding the right brokerage that is aligned with your investment goals, educational needs, and learning style is fundamental to your success as an online investor. While all online brokerage firms may provide you with the convenience of investing online, the fees structure, platform features, and customer support accessibility may vary.

    When choosing your brokerage, strike the right balance by considering these criteria:

    #1

    Brokerage fees


    Brokerage fees include more than just commissions. Look out for extra charges like deposit, withdrawal, account maintenance fees, and others. Active traders will benefit from low per-trade costs, while casual investors should still beware of minimum chargers that affect smaller trades.

    #2

    Platform usability & features

    An user-friendly interface can greatly enhance your trading experience. Look out for intuitive navigation, clear layouts, and responsive features on both desktop and mobile.

    #3

    Ease of opening & managing account


    While the ease of account opening and maintenance vary, most online brokerages in Singapore generally support SingPass MyInfo, allowing Singaporeans and PRs to open accounts instantly without tedious paperwork.

    #4

    Market access and tradeable product range


    When choosing a brokerage, start by identifying trading products you plan to invest in. Not all brokerage platforms offer the same range of instruments, so limited product access can be a constraint.

    For instance, if you wish to trade both Singapore-listed stocks (SGX) and US equities, choose a broker with access to both markets.

    Similarly, if investing in other asset classes such as contracts for difference (CFDs), precious metals like gold, or real estate investment trusts (REITs), your broker should support these products too.

    #5

    Try out demos first


    Before committing to an online brokerage, testing out different platforms with a demo account is useful. Trying out different brokerage interfaces in trial versions allow you to decide on a platform best aligned to your trading style and preferences.

    #6

    Research material and insights


    Many brokers hire in-house professional analysts and experts to help investors interpret market behaviour and understand stock performance.

    Some brokers also host webinars and networking events for professional investors and traders to mingle and share market outlooks and respond to live questions from participants.

    You Don't Need Thousands to Start Investing

    You don’t need a big bank account to start investing. Regardless of the savings you’ve amassed, it’s possible to invest smartly and confidently—even with as little as $1,000.

    How to Start Investing and Trading in Singapore (For Beginners)

    Investing isn’t just for the wealthy or the financially savvy—it’s one of the best ways to grow your money, beat inflation, and achieve long-term financial goals. By leveraging MAS-regulated platforms and tools like robo-advisors and online brokerages, your investing journey can be simplified and streamlined—even with as little funds as $1,000.

    MoneySmart Tip: While savings is important, relying on it alone isn’t enough to keep pace with inflation. In recent years, the Consumer Price Index (CPI) in Singapore has averaged around 4%, while most savings accounts offer less than 1% base interest unless you meet multiple bonus conditions. Left untouched, inflation erodes the purchasing power of your inflation by over 30% in 10 years.

    Step 1

    Check eligibility


    In Singapore, you must be at least 18 years old and not an undischarged bankrupt to open a trading or investment account. Also, decide on how much starting capital you’re comfortable with—$1,000 is a good benchmark for many.

    Step 2

    Open a CDP Account


    A Central Depository (CDP) account, managed by the SGX, allows you to securely hold and own purchased SGX-listed stocks. You can create your CDP account online.

    Step 3

    Choose and open an online brokerage account


    Select an MAS-regulated online brokerage to open an account with. A trading account lets you buy and sell shares in various markets. You can open multiple trading accounts across different platforms.

    Step 4

    Select desired stocks


    Some factors to consider when choosing what shares to buy is the industry, business model, management, growth indicators (share price or dividend yields), stability (debt/ EBITDA ratio). Finally, does the stock you investing in suit your investment style, strategy, and risk appetite?

    Step 5

    Place your first order


    Place an order with your broker to buy or sell your shares. Decide between
  • Market order: Executes immediately at current price
  • Limit order: Sets a specific price you’re willing to buy or sell your stock along with a validity period
  • Step 6

    Regularly monitor and review your portfolio


    Are you a short-term trader or long-term investor? Reflect, review, and rebalance your portfolio periodically to assess its performance, adjust your goals, and adapt to changing market conditions.

    Frequently Asked Questions

    Can foreigners invest in the Singapore stock market?

    Yes, foreigners can invest in the Singapore stock market. They can either trade directly by opening a local brokerage account or a brokerage in their home countries offering access to the Singapore Exchange (SGX).

    Are Singapore REITs a good investment?

    While we can’t recommend a “good” or “bad” investment, Singapore Real Estate Investment Trust (REITs) are tax-efficient. You neither pay income tax on dividends received nor corporate tax, making them a highly popular investment type.

    What is an investment brokerage firm?

    An investment brokerage firm gives you access to the stock market, allowing you to buy and sell shares on the stock market. To start trading, you’ll need to open a brokerage account first. Most platforms charge a commission fee per trade, which is why frequent traders often opt for brokers with lower trading fees to keep costs down.

    Who can open an online trading account?

    If you’re above 18 years old and not an undischarged bankrupt, you can open an online trading account in Singapore. Even if you’re a foreigner working outside of Singapore, you can open a trading account any time you want as long as you meet the above requirements.

    What is margin trading?

    Margin trading is when investors borrow funds (the margin) from a broker or bank to trade securities. The main objective is to leverage the capital and increase its prospective returns. An example of margin trading is share financing.

    How much do I need to pay to open a trading account?

    The initial deposit required by brokerage firms in Singapore varies. To accommodate the different risk appetites and budget of individuals, brokerage firms offer different funding tiers. For example, Saxo Markets (Classic Account) and IG do not have any minimum funding requirements.

    Are there any brokerages with zero-commission trading?

    Yes, there are zero-commission trading platforms available in Singapore. Online brokerage platforms like Moomoo and WeBull allow users to trade in stocks and ETFs without charging a per-trade commission fee.

    Where to open a brokerage account?

    Active investing: You can open a brokerage account at an online broker if you want to pick and choose your own investments. Passive investing: If you'd rather pay a small fee to have a service manage your investments, you might opt for a robo-advisor. These companies typically charge around 0.25% of your account balance.

    Should I invest during a recession?

    Investing during a recession can be an opportunity to buy low prices and sell stocks at profit in the future.