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Alternatives to Robinhood in Singapore

Since Robinhood is not supported in Singapore, here are 5 low-cost alternatives to trade US stocks.

US stock trading platform Robinhood is known for being the low-cost app of choice among millennial traders and it may well be the most widely recognised online broker today. However, Robinhood is not yet available outside the US, including Singapore.

As such, we’ve tracked down a list of US stock alternatives that offer low or zero brokerage fees that’d help you save on your trades.

What is Robinhood?

Robinhood is a US trading platform founded in 2013 that offers zero commissions on stocks, options and ETFs. It’s popular among traders thanks to its low fees, range of trading options and minimalist design targeting younger investors.

Users of the app often trade stock options and other assets such as cryptocurrencies using leverage. This is a higher-risk form of trading because both your profits and losses are amplified. For more on the app you can check out our Robinhood review from Finder US, bearing in mind you wont be able to access it unless you hold US residency.

Saxo Markets

Access over 40,000 financial products across global markets, including Singapore, Australia, the US, China and Japan.

Saxo Capital Markets has one of the biggest global stock offerings in Singapore, with users able to trade on 60+ global exchanges. Similar to Robinhood, you can trade a mix of stocks (including options), ETFs, forex, commodities and cryptocurrency markets.

  • Brokerage fee: From S$5 for SGX stocks, US$4 for US stocks
  • Inactivity fee: $0
  • Products: SGX-listed stocks, global stocks, forex, bonds, crypto, FX and more
  • Access: Full-service broker with both desktop and mobile platforms

Interactive Brokers

Take advantage of low trading fees, advanced trading tools and access to over 135 markets.

Interactive Brokers stands out as one of the most popular brokerages, mostly due to its competitive commissions and broad scope of international market access. High-volume traders and investors looking to trade a variety of global securities can certainly benefit from this platform.

  • Brokerage fee: US$0.0035 per stock (tiered pricing structure)
  • Inactivity fee: $0
  • Products: US stocks, options, ETFs, EFPs, forex, metals, mutual funds, forex and more
  • Access: Desktop or mobile

eToro

With an eToro trading account, you get commission-free US stock trading plus access to forex, cryptocurrencies, ETFs and commodities.

eToro may well be the closest app Singapore has to Robinhood, with low fees and a platform angled at the next generation of traders. Like Robinhood, eToro does not charge commission on US stocks and it allows you to trade a mix of stocks, commodities and currencies using leverage.

  • Brokerage fee: $0 for US stocks
  • Inactivity fee: $0
  • Products: US stocks, US ETFs, forex, cryptocurrencies, commodities and more
  • Access: Mobile app and desktop

IG

Low commission on international stocks as well as US stocks.

Enjoy affordable trading for US stocks and other markets, including Australia, Germany, Ireland and UK stock markets. Users can also trade forex, cryptocurrencies and commodities using IG’s platform.

  • Brokerage fee: From S$10 for SGX stocks, US$10 for US stocks
  • Inactivity fee: S$25
  • Products: Singapore and international stocks, forex, indices, cryptocurrencies, commodities and more
  • Access: Mobile and desktop

TD Ameritrade

Zero commission on US exchange-listed stocks and ETFs, from your mobile and desktop app.

TD Ameritrade is one of the most cost-effective brokers for trading in US equities. With zero commission fees on online US stocks, ETFs and options trades, plus a wide array of advanced features on its Thinkorswim platform, TD Ameritrade is an ideal choice for both beginners and advanced traders.

  • Brokerage fee: $0 for US stocks
  • Inactivity fee: $0
  • Products: Options, forex, futures, stocks, ETFs, mutual funds and more
  • Access: Desktop or mobile app

Compare stock trading platforms

Not what you’re after? You can compare other stock trading platforms in the table below.

Name Product Brokerage Fee Tradeable Assets Market Access Trading Platform Offer
LOW FEES
Interactive Brokers
SGX stocks: $2.50 per order
US stocks: $0.35 per order
Stocks, ETFs, Options, Futures, Bonds, Currencies, CFD
SG, US, CA, AU, UK, IN, JP, HK, MX, FR & 17+ more
Client Portal, Trader Workstation, IBKR Mobile, IBKR GlobalTrader, Impact, IBKR APIs
CFD service. Capital at risk.
Take advantage of low trading fees, multiple platform support, and an extensive list of asset classes across global markets, including stocks, options, futures, forex, bonds, and funds.
FREE TRADES
Syfe Trade
SGX stocks: N/A
US stocks: 2 free trades per month and $1.49 per trade thereafter
Stocks, ETFs
US
Syfe Trade
Get $60 when you sign up on Syfe Trade (minimum deposit of $2,000 and make one trade). Promo code: 'TRADENEW'.T&Cs apply.
OFFER
Webull
SGX stocks: N/A
US stocks: $0
Stocks, ETFs, Options,ADRs
US, HK
Webull App
Welcome rewards: US$130 TSLA fractional shares (initial funds of $2,000). 0 commission trades & complimentary market data. Refer your friends to enjoy more incentives. T&Cs apply.
Saxo Markets
SGX stocks: $5
US stocks: $4
Stocks, ETFs, Bonds, CFD
SG, US, CA, UK, AU, HK, CN, SG, JP, IT & 16+ more
SaxoInvestor, SaxoTraderG, SaxoTraderPRO
CFD service. Capital at risk.
Trade 22,000+ international stocks on global exchanges with brokerage fees as low as $5. Low-risk account is also available for beginners.
OFFER
Tiger Brokers
SGX stocks: $1.99 per order
US stocks: $1.99 per order
Stocks, ETFs, Options, Futures
SG, US, HK, CN, AU
Tiger Trade
Sign up and enjoy unlimited zero commission trades for US stocks for 180 days. T&Cs apply.
OFFER
moomoo
SGX stocks: $0.99 per order
US stocks: $0.99 per order
Stocks, ETFs, Funds, Futures
SG, HK, US, CN
Moomoo
Access Singapore, Hong Kong, US stocks and ETFs with one account. Enjoy free level 2 market data and lifetime commission-free trading on US stocks.
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Compare up to 4 providers

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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