Best trading platforms in Singapore (2023)

There are dozens of trading platforms and investment apps available for Singaporeans to buy and sell stocks, ETFs, digital currencies and more. Many of these platforms now offer mobile apps, making it easier than ever to place a trade from anywhere.

But finding the best trading platform for you is about understanding what you want to trade, how often you intend to place a trade and what types of tools are most important.

To make it easier to compare, we’ve sourced a list of the top investment apps in Singapore in 2023 and highlighted some of their best (and not so great) features.

PROMOTED FOR

Cheap Broker Fees

PROMOTED FOR

Best offers for first-time traders

PROMOTED FOR

No minimum deposit

PROMOTED FOR

Overall Trading Platform

Our best trading platform and investment apps methodology

To find the top rated trading platform in Singapore we sourced a list of 30 stock trading apps and then ranked them by average user review scores. To be included in our list they must:

• Be available to retail investors in Singapore
• Allow users to buy and sell stocks directly with the option to exclude leverage
• Be available on mobile
• Have at least 30 customer reviews on the App and Play Stores

User ratings were taken from the App and Play Stores in November 2022 and both average ratings and the number of ratings were included in the scoring. For instance, a platform with an average user rating of 5/5 and thousands of reviews would get a higher score than a platform with the same rating but just a few user ratings.

1. Syfe: Discounts on US stock trading

Go to site Read review

Capital at risk

Fractional trading

Commission-free trades every month

No platform fees or withdrawal fees

• Why it's great
• Pros and cons
• Fees

Syfe Trade is a brokerage platform offered by robo-advisor Syfe. It allows you to invest in US-listed stocks and exchange-traded funds (ETFs) from as low as US$1 through fractional trading.

• Offer fractional stocks.
• Up to 5 free trades per month for US-listed securities.
• No custody, platform or fees for deposit and withdrawal.
• No account minimum or inactivity fees.

• Only has access to US Stocks &amp
• ETFs.

Brokerage fee:
SGX stocks: $1.98
US stocks: 2 free trades per month and $1.49 per trade thereafter

Inactivity fee:
None

2. Interactive Brokers: Excellent features for new and advanced traders

Go to site Read review

Capital at risk

Low commission fees and margin-lending rates

Wide range of trading options across 150+ markets

Advanced features for experienced investors

• Why it's great
• Pros and cons
• Fees

Interactive Brokers, a NASDAQ-listed online brokerage, offers low brokerage fees and access to 150+ markets from a single integrated account. Its institutional-grade trading platform is equipped with smart routing software along with an extensive range of tools and analysis for active traders.

• Fractional investing for US shares.
• Trade all products, including shares, ETFs and other securities, from 1 account.
• Advanced data and monitoring tools.
• No minimum balance required.

• Complex pricing structure.
• Desktop trading platform may be difficult to navigate for beginners.
• Not able to link SGX CDP accounts.

Brokerage fee:
SGX stocks: $2.50 per order (exclusive of GST)
US stocks: $1.00 per order

Inactivity fee:
None

3. Saxo Capital Markets: Good range of global stocks

Go to site Read review

Capital at risk

Suitable for all traders

22,000+ individual stocks on 50+ global exchanges

Friend referral program

• Why it's great
• Pros and cons
• Fees

Saxo Markets is an excellent, low-cost brokerage with great market access. It also offers 3 different platforms to suit different trading needs. Benefit from the impressive range of tools to execute seamless trades and expand your trading knowledge with the wealth of educational material available. Beginners can also make use of its demo account, which lets you buy virtual shares and has a simulator to let you see how your portfolio stands up against real historical events.

• Global market access.
• Points can be used to waive monthly fees on higher-tiered plans.
• Outstanding range of educational resources and trading tools.

• Does not support MetaTrader, the world's most popular trading platform.
• Lacks live chat and 24/7 availability.
• High minimum account funding ($3,000).

Brokerage fee:
SGX stocks: $5
US stocks: $4

Inactivity fee:
None

4. Tiger Brokers: Low fees on options trading

Go to site Read review

Capital at risk

Access to markets in Australia, China, Hong Kong, Singapore and the US

Complimentary real-time stock data

Wide range of investment assets

• Why it's great
• Pros and cons
• Fees

Tiger Brokers is a NASDAQ-listed online brokerage platform that offers a user-friendly interface along with access to a wide array of financial instruments across international markets. The brokerage fees are ultra-competitive, and the company provides a wide range of trading tools, market data and company research to help you make well-informed trades.

• Low commission.
• Trade on Singapore and international markets.
• Attractive sign-up perks and ongoing promotions.

• Limited market access.
• Few deposit methods.

Brokerage fee:
SGX stocks: $1.99 per order
US stocks: US$1.99 per order

Inactivity fee:
None

5. moomoo: Mobile-friendly with advanced features

Similar platforms Read review

Capital at risk

Trade HK, US, and SG stocks and ETFs with one account

Zero platform fee and commission for US stocks

Complimentary level 2 market data

• Why it's great
• Pros and cons
• Fees

moomoo is an online trading app and subsidiary of NASDAQ-listed Futu Holdings, a tech-driven online brokerage and wealth management platform. Enjoy easy access to financial products across global markets, including Singapore, Hong Kong, and the United States. With no platform fee, complimentary market data and lifetime commission-free trading on US stocks, moomoo is one of the most popular options for new and experienced traders alike.

• Lifetime commission-free trading on US stocks.
• No custodian fees.
• Free level 2 market data.

• Limited market access.

Brokerage fee:
SGX stocks: $0.99 per order
US stocks: $0.99 per order

Inactivity fee:
None

6. uSMART Securities: Low fees for SG and HK stocks

Similar platforms

Capital at risk

Fractional trading

Low trading fees

Extensive library of learning tools

• Why it's great
• Pros and cons
• Fees

Headquartered in Hong Kong, uSMART is a leading online brokerage that focuses on promoting 'smart' trading through a combination of big data-driven indicators and a wide range of educational materials, including short TikTok-style videos, investing-related Q&A with in-house experts and other resources designed for new investors. On uSMART, users can trade within the Singapore, Hong Kong, and US markets. One of its most prominent features is the ability to purchase fractional shares, which offers investors with low starting capital the opportunity to diversify their portfolio with blue-chip stocks without purchasing an entire share at a time.

• Offers fractional trading.
• Lowest fees for SG and HK markets.
• Smart strategy and investment tools powered by A.I.

• No desktop application.
• Unable to link CDP accounts.

Brokerage fee:
SGX stocks: $0 (until 31st December 2022)
US stocks: $0 (until 31st December 2022)

Inactivity fee:
None

7. eToro: $0 brokerage on US and global stocks

Similar platforms

Capital at risk

0% commission for US, Hong Kong and European stocks

Copy trading

No account management fees

• Why it's great
• Pros and cons
• Fees

eToro is a commission-free platform that lets you buy shares, currencies, exchange-traded funds (ETFs) and bonds. There are a few additional fees, such as withdrawal and foreign exchange fees. eToro offers shares from some of the world's biggest stock exchanges, including the London Stock Exchange, NASDAQ, New York Stock Exchange and Euronext. It also has great charting tools, suitable for intermediate investors that want to see their investments on desktop, rather than in a titchy app. It's free to create an account, and there's no limit on how much you can trade.

• Commission-fee trades.
• Copy-trading feature.
• Trade stocks, currencies, ETFs, crypto and more.
• No trade limits.

• Mandatory withdrawal fees.
• Trading platform can be challenging to navigate.
• No SGX stocks.
• Limited research materials and tools compared to its competitors.

Brokerage fee:
SGX stocks: $0
US stocks: $0

Inactivity fee:
None

8. PhillipCapital (POEMS): CPD brokerage accounts

Similar platforms Read review

Capital at risk

Multi-asset and multi-market access

30+ trading tools and features

Offers both CDP-linked and custodian accounts

• Why it's great
• Pros and cons
• Fees

Phillip's Online Electronic Mart System (POEMS) is Singapore's first online brokerage. Launched by PhillipCapital, POEMS offers various types of accounts, trading platforms and advanced tools to help traders access a wide array of asset classes across 26 global markets. While its trading fees aren't the most competitive in the market, traders can benefit from top-notch market insights, analyses, and intelligence for free.

• Access 40,000+ local and overseas assets from 26 global exchanges on a single platform.
• Multiple funding options.
• Established and trusted brokerage in Singapore.

• Average customer support.
• High brokerage fees and commission.

Brokerage fee:
SGX stocks: 0.08% of trade value
US stocks: US$3.88

Inactivity fee:
None

9. Citibank Brokerage: Integrated banking and investing experience

Similar platforms

Capital at risk

All-in-one securities trading account

Trade conveniently via the Internet, mobile or over the phone

Advanced charting tools, research and watch lists

• Why it's great
• Pros and cons
• Fees

Citibank Brokerage is especially suited for existing Citibank clients who wish to integrate their banking and investment accounts with a single login, as well as trade in Singapore, Hong Kong and the United States markets. However, if you're looking to trade in these markets, do know that Citibank charges significantly higher commission fees compared to other online brokerages in Singapore.

• Integrated banking and investment login.
• Various trading channels (mobile, web and phone).
• Extensive range of resources available.

• High fees.
• Limited market and product access.

Brokerage fee:
SGX stocks: 0.12%
US stocks: US$18

Inactivity fee:
None

How do trading platforms work in Singapore?

Stocks and ETFs are listed on various stock exchanges around the world. To buy stocks from these exchanges, you’ll need a stock broker to act on your behalf. This is where trading platforms come in.

Trading platforms and apps let you enter buy or sell orders of stocks which are then executed by a broker.

It’s worth noting that stock brokers and trading platforms partner with different exchanges so the types of stocks you’ll be able to trade depend on which platform you choose to go with.

Some trading platforms partner with just 1 or 2 exchanges such as Wall Street’s NYSE or NASDAQ, while others like Interactive Brokers connect you to dozens.

Here in Singapore we have the aptly named Singapore Exchange (SGX), but there are many others around the world, including the New York (NYSE) and London (LSE) stock exchanges.

In Singapore, many trading apps let you trade Singaporean stocks on the SGX while others only offer US-listed stocks. Only a few global trading platforms offer stocks listed in other markets, but these include Interactive Brokers and Phillip Capital.

How to find the best trading platform in Singapore

The first factor to consider when choosing a trading app is what types of assets you want to trade. Do you want to trade Singaporean stocks or are US stocks more important to you?

Some trading apps provide access to many different assets, including stocks, bonds, commodities, and foreign currencies. Others only offer one or two of these but might charge lower fees and have better features.

Before selecting an investment platform, consider the following:

• What are the fees?
• Does it offer local or global stocks?
• What types of assets can you trade?
• Is it regulated by the Monetary Authority of Singapore (MAS)?
• Does it offer good customer support?
• Are the features suitable for me?

What fees do investment apps charge?

The cost of investing in stocks can be very different depending on which exchange the stocks are listed in. For example, stocks listed in Singapore can be more expensive to trade than stocks listed in the United States, where greater competition has seen fees drop dramatically over the last few years.

Here are the main fees to look out for when buying and selling stocks through a platform:

• Brokerage (aka commission) fees. This is charged by the broker every time you place a buy or sell order and can range from 0% to 1% of your trade
• Custody fees. Some brokers (typically in the US) charge an annual custody fee to hold stocks under your name
• Currency conversion fee. If you are trading stocks listed in foreign currencies, you may also be charged a fee for converting your funds into the currency of the stock you wish to trade.
• Inactivity fee: Some brokers charge a fee if your account has been inactive for a certain length of time.
• Account maintenance fee. Some brokerage firms in Singapore may charge an account maintenance fee which is usually around S$10-25 a month.

There are many other types of fees you can be charged, such as an account closure fee, money transfer fees and even fees if you don’t place enough trades in any given month. Make sure to do your homework before signing up!

What are the risks of using stock trading platforms?

There are several risks associated with using trading platforms, including:

• Market risk. Trading always carries a risk of losing money. The prices of securities and financial instruments can fluctuate rapidly, and trading platforms cannot guarantee returns or protection against losses.
• Technical risk. Trading platforms can experience technical issues, such as server crashes, connectivity problems, and other system failures. These can result in losses or missed trading opportunities.
• Security risk. Trading platforms may be vulnerable to cyberattacks, such as hacking, phishing, or malware attacks, which can result in the theft of personal information, loss of funds, or other financial damages.
• Operational risk. Trading platforms may have operational issues, such as errors in execution, delays in trade confirmation, or other administrative issues that can lead to losses or missed opportunities.

Compare trading apps in Singapore

Sort by:

Name	Product	Brokerage Fee	Tradeable Assets	Market Access	Trading Platform	Offer
FREE TRADES Syfe Trade Syfe Trade	FREE TRADES	SGX stocks: $1.98 US stocks: 2 free trades per month and $1.49 per trade thereafter	Stocks, ETFs	US, SG	Syfe Trade	Get $40 when you sign up on Syfe Trade (minimum deposit of $1,000). Promo code: 'TRADE40'.T&Cs apply.	Open Account More Info	Compare	loading Fetching your data...
LOW FEES Interactive Brokers Interactive Brokers	LOW FEES	SGX stocks: $2.50 per order (exclusive of GST) US stocks: $1.00 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	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.	Open Account More Info	Compare	loading Fetching your data...
OFFER Webull Webull	OFFER	SGX stocks: N/A US stocks: $0	Stocks, ETFs, Options, ADRs, Mutual funds	US, HK	Webull App	Get up to USD$500 worth of shares when you fund and maintain any amount for 1 month. New sign-ups only. Complimentary market data and 0 commission trades. Refer as many friends as possible and get to win up to USD$3,888 worth of TSLA Shares. Offer valid from now till 31 March 2023. T&Cs apply.	Open Account More Info	Compare	loading Fetching your data...
Saxo Markets Saxo Markets		SGX stocks: $5 US stocks: $4	Stocks, ETFs, Options, Bonds, CFD, Mutual funds	SG, US, CA, UK, AU, HK, CN, SG, JP, IT & 16+ more	SaxoInvestor, SaxoTraderG, SaxoTraderPRO	Trade 22,000+ international stocks on global exchanges with brokerage fees as low as $5. Low-risk account is also available for beginners.	Open Account More Info	Compare	loading Fetching your data...
OFFER Tiger Brokers Tiger Brokers	OFFER	SGX stocks: $1.99 per order US stocks: US$1.99 per order	Stocks, ETFs, Options, Futures	SG, US, HK, CN, AU	Tiger Trade	Up to 2.88 free stocks, zero commission trading, Ryde+ subscription for new users. Fund your account for a sure-win lucky draw. Refer your friends successfully for a sure-win lucky draw chance and get free HP, GoPro or Apple fractional shares. T&Cs apply. Finder Exclusive: Get an additional $20 stock voucher upon account funding (no minimum requirement).	Open Account More Info	Compare	loading Fetching your data...
IG CFD Trading IG CFD Trading		$0	CFD	SG, US, UK, ES, FR, DE, IT, CH, AU, SE & 9+ more	IG Online Trading, IG Mobile Trading App, Progressive Web App, ProRealTime, MetaTrader 4, L2 Dealer	CFD Service. Capital at risk.	Open Account More Info	Compare	loading Fetching your data...
OFFER moomoo moomoo	OFFER	SGX stocks: $0.99 per order US stocks: $0.99 per order	Stocks, ETFs, Funds, Options, Futures, ADRs, REITs	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.	More Info	Compare	loading Fetching your data...
Maybank Kim Eng Maybank Kim Eng		SGX stocks: $25 US stocks: $20	Stocks, ETFs, Bonds, CFD	SG, HK, MY, TH, US, UK	Maybank Trade, Maybank Trade +	CFD service. Capital at risk.	More Info	Compare	loading Fetching your data...
UOB KayHian UOB KayHian		SGX stocks: $25 US stocks: $20	Stocks, ETFs, Bonds, CFD	SG, MY, HK, US, CA, UK, AU, EU, JP, PH & 6+ more	UTRADE	CFD service. Capital at risk.	More Info	Compare	loading Fetching your data...

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Frequently asked questions about trading apps

• Which trading platform is best in Singapore?

  With the highest overall score of 4.8* based on customer ratings, uSmart is the overall best mobile trading app in Singapore.

  That being said, the ideal trading app will vary depending on your individual needs. Be sure to consider the type of securities, pricing and features you want before making your choice.

• Which forex trading app is the best?

  Saxo Markets and Interactive Brokers are two of the best forex trading apps on our list because of their ultra-competitive spreads, wide range of currency pairs and a bevy of helpful trading tools.

• Which app is best for options trading?

  Interactive Brokers (IBKR) takes the top spot as the best mobile app for options trading thanks to its low commissions and impressive range of analytical tools. Most importantly, it also offers the most complete view of available option chains on-the-go.

• Do all stock trading apps allow me to place trades?

  There are many great apps that do not allow you to place trades but still offer a wide range of useful features for Singapore stock market investors, such as stock market news, company reports, financial analysis and much more. However, all the apps listed above do allow you to place trades.

• How do I sign up for an account?

  The application process varies between trading platforms but you will typically have to provide your name, contact details, proof of ID and bank account information. You can sign up via the stock trading app or the provider’s online trading website.

• Where can I download stock trading apps?

  Apps are available for download from the relevant app store for your smartphone, for example, Google Play or Apple’s App Store.

• Are stock trading apps free?

  Most share trading apps are available for free to customers of online stock trading platforms. However, you may need to pay an ongoing membership fee when you sign up for the online trading platform.