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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 U.S, 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.


1. Saxo Capital Markets

Trade over 18,000 stocks from 46 different markets, including Singapore, Australia, the United States, China and Japan.

Saxo Capital Markets has one of the biggest global stock offerings in Singapore, with users able to trade on up to 36 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: Up to US$150
  • Products: SGX-listed stocks, global stocks, forex, stock options
  • Access: Full-service broker, desktop platform
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More info

Interactive Brokers logo

2. Interactive Brokers

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

Interactive Brokers stands out as one of the most popular brokerage, mostly due to its competitively 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
  • Access: Desktop or mobile
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More info

3. 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, cryptocurrency, commodities
  • Access: Mobile app and desktop

More info


4. 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
  • Access: Mobile and desktop

More info


5. 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 fee 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: N/A
  • Products: Options, futures, Stocks, ETFs,
  • Access: Desktop or mobile app

More info

Compare stock trading platforms

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

Name Product Standard Brokerage Fee Available Markets
Interactive Brokers
SGX stocks: 0.08% of trade value

US stocks: US$0.005 per share
Global markets
Your capital is at risk.
Saxo Markets
SGX stocks: 0.08% of trade value

US stocks: 0.06% of trade value
Global markets
Your capital is at risk.
Philip Capital
Philip Capital
SGX stocks: 0.28% of trade value

US stocks: 0.3% of trade value
Global markets
Your capital is at risk.
SGX stocks: S$8.80

US stocks: 0.08% of trade value
Your capital is at risk.

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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