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Find the best trading platforms in Singapore (2021)

These stock trading apps let you place trades and manage stocks right from your smartphone.

These days you don’t need to be sitting at a desk to buy and sell stocks. Thanks to the rise in online trading platforms, you can make trades anywhere there’s an internet connection and even from the palm of your hand.

Online brokers (aka trading platforms) allow you to trade stocks directly on the SGX and other international markets through your smartphone or computer. But not all brokers offer a platform that allows you to make trades yourself. Some still require you to place trades over the phone and tend to charge a high fee for the service. So to make it easier, we’ve sourced a list of mobile-friendly stock trading apps available in Singapore in 2021.

Must read: Looking for the best stock trading app?

There’s no single stock trading app that’s best for everyone as all our needs are different – and what’s best for you might not be best for someone else. Keep in mind that we don’t compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best stock trading app for you.

The list of apps featured below are some of the most popular stock trading apps in terms of daily downloads by iPhone users in Singapore, as of 1 April, 2021. The list itself was sourced by SensorTower and is not in any particular order.

We’ll take a look at these stock trading apps in more detail in this guide.

1. IBKR Mobile interactive brokers app

Interactive Brokers is a power trading platform best known for its ultra-competitive fees and access to an extensive range of securities. Built for experienced traders, IBKR is equipped with trading APIs that allows its users to build custom trading applications and an options strategy lab for creating multileg options orders. Expert webinars, market commentary and analysis are also available to help you expand your market understanding.

The pros
  • No minimum balance required. Both IBKR Lite and IBKR Pro don’t require a minimum account balance.
  • Low commissions and fees. IBKR’s fees are amongst the lowest in the industry: starting at 0.08% of trade value for Singapore stocks and US$0.005 per stock for US stocks.
  • Large selection of asset classes. Access a wide range of securities such as options and fund trading in over 135 global markets.
  • Advanced trading tools. Optimise your trading strategy with portfolio tracking, live updates, company notifications and over 100 order types and algorithms to choose from.
The con
  • High learning curve. The platform can be challenging to navigate and may not be suitable for beginners.
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2. SaxoTraderGO SaxoTraderGO app

SaxoTraderGO allows you to access up to 30,000+ tradable instruments and track your performance on the go. You can buy and sell stocks from your smartphone, including the ability to place stop-loss orders, access live prices, market depth and charts.

The pros
  • Low commission fees. Saxo Markets charges lower commission fees than most other online brokers for both Singapore and international trades.
  • Global access. Trade options, stocks, ETFs, listed options and bonds from 36 global exchanges.
  • Free demo account. Simulate trades and put your strategies to a test with a free paper trading account.
  • Educational resources and trading tools. Broaden your trading knowledge and make better investment decisions with Saxo Academy’s extensive range of stock analysis tools.
The cons
  • No MetaTrader 4. There’s no support MetaTrader, the most popular trading platform in the world.
  • High minimum initial deposit. SaxoTraderGO requires a minimum initial deposit of $3,000.
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3. moomoo moomoo app

Designed for active stock, ETF, and options traders, moomoo is a commission-free mobile trading platform with multi-market access. The app is also equipped with a wide range of features, including real-time data, pre and post-market trading, customisable stock screener and free Level 2 quotes.

The pros
  • No commission. Enjoy commission-free trading in US, Hong Kong and Singapore markets.
  • No minimum deposit. There’s no minimum deposit amount required to open an account.
  • Advanced research and analytics tools. Find market spotlights with a customisable screener. The app also provide AI-driven push notifications to help you stay informed with market moves 24/7.
  • Paper trading. Test your investment strategies with a free-to-use demo account.
  • Complimentary perks. Benefit from free Level 2 market data and access real-time bids when you sign up for an account.
The cons
    • Limited securities. Moomoo doesn’t offer mutual funds, bonds or digital currencies.
    • Limited account options. Investors can access individual margin accounts only.

4.Tiger Trade Picture not described

With real-time stock quotes, low fees and fast account opening, Tiger Brokers’ user-friendly mobile app makes it easy for you to trade stocks from various markets including Singapore, Hong Kong, Australia, China and US.

The pros
    • Low commission. Enjoy competitive commission fees for trades across different markets: 0.08% (no minimum) for Singapore stocks, ETFs or REITs.
    • No hidden fees. Tiger Brokers does not charge any custody fees, deposit/withdrawal fees, inactivity fees or account maintenance fees.
    • Range of markets. Trade stocks across various markets including Singapore, US, Hong Kong, Australia and China.
    • Multiple tradable assets. Offers a wide range of financial instruments, including stocks, ETFs, options, warrants, and callable bull/bear contracts (CBBC).
    • Advanced trading tools. Make better investment decisions with real-time data access, customisable dashboard and superior charting software.
    • Perks and rewards. Benefit from attractive sign-up perks and earn rewards when you trade.
    The cons
    • High trade volumes required to unlock perks. Upgrading membership tiers (Silver, Gold or Ace Trader) require a high volume of trade orders.
    • Limited education resources. Compared to other trading platforms, Tiger Trade does not offer much insights or educational resources.
    • No live chat support. Customer support is only available via phone or email, from Monday to Friday.

    5. POEMS SG 2.0 Poems 2.0

    Philip Capital’s popular trading app offers an impressive range of investing opportunities within 26 international markets. It is also the first local broker to offer a mobile heatmap for global exchanges, which allows you to discover the most sought-after stocks and funds.

    The pros
    • International markets. Trade over 40,000 local and overseas assets from 26 global exchanges on a single platform.
    • Broad range of asset classes. Gain access to a wide array of financial instruments, such as stocks, ETF, gold, unit trust and more.
    • Access advanced tools. Take advantage of POEMS technical indicators and tools to tracks and navigate market movement.
    • Round-the-clock support. 24/7 personalised support with POEMS customer service, technical and support teams.
    The cons
    • High brokerage fees. POEMS’ platform fee (minimum $25) and commission (0.28%) are amongst the highest in Singapore.

    More info


    6. eToro

    eToro’s popular trading app is designed for both desktop and mobile (Android and iPhone). It’s well known for its copy trading feature that allows you to imitate the trades of top users or copy a portfolio of stocks selected by eToro.

    The platform offers zero brokerage US stocks.

    The pros
    • Zero brokerage. There’s no brokerage fee to trade US stocks and the foreign exchange fee is among the lowest at 0.5%.
    • More than just stocks. Using the same account, you can trade stocks, commodities and indices.
    • Copy trading. You can copy the trades of top eToro traders as well as stock portfolios.
    The cons
    • No SGX stocks. eToro does not offer Singapore-listed stocks at this stage (as of April 2021).

    More info


    7. IQ Broker IQ Broker

    IQ Option is a cutting-edge and versatile trading platform available on desktop and mobile devices. Examples of financial instruments you can trade on this app are binary options, ETFs, stocks, commodities and digital currency.

    The pros
    • Able to trade digital currency. Aside from the usual trading assets, IQ Options also allows users to trade digital currencies.
    • Free demo account. Gain a better understanding of trends, functions and pitfalls with a free practice account.
    • User friendly platform. The IQ Broker app offers an easy to use and well-designed user interface.
    • Advance trading tools. Take advantage of an extensive range of features, including multi-chart layouts, technical analysis, market updates, stock screeners, volatility alerts and more.
    The cons
    • Limited assets. Compared to other platforms, IQ Broker offer a smaller range of financial instruments.

    8. MKE Trade Picture not described

    Maybank Kim Eng (MKE) is an all-in-one mobile trading platform available on iPhone and Android devices. Trade stocks, shares, ETFs, bonds and indices.

    The pros
    • Range of securities. Trade a wide array of asset classes across 8 markets online.
    • Access advanced tools. Be it charting tools or stock screening, MKE trading platforms are equipped with state-of-art features to help streamline your trading process.
    • User-friendly mobile interface. MKE’s mobile app features detailed yet easy-to-use interface design, providing its users with ease of usage when they trade on-the-go.
    • Easy payments. Pay for your Singapore stocks investment from your iBanking account or an ATM with the electronic payment for shares (EPS) feature.
    The cons
    • High minimum commission fees. MKE charges a S$25 minimum commission fees for stock trades.
    • Average customer support. There are mixed reviews online regarding MKE’s customer service. Bear this in mind if you wish to trade with MKE.

    More info


    9. FSM Mobile FSM Mobile

    With FSM Mobile app, you can track and trade thousands of financial instruments across markets in Singapore, Hong Kong and the United States on the go. You’ll also gain access to the latest research, useful trading tools and real-time prices on SGX.

    The pros
    • Low fees. FSMOne’s minimum fee is only $10, which is significantly lower than other brokerages, which is typically priced at $25.
    • Beginner-friendly. The app is user-friendly and a less intimidating choice for beginners.
    • Custodian account. You don’t even need to open a CDP Account to trade on FSMOne, which makes it easier and faster for first-time investors.
    • Rewards programme. Earn points from your investments and redeem for rewards ranging from retail to entertainment, bonus units of selected funds and more.
    The cons
    • Limited global exchanges. FSMOne only facilitates trades from markets in Singapore (SGX), Hong Kong (HKEX) and the United States (Nasdaq and NYSE ).
    • Limited asset classes. Compared to some of its competitors, FSMOne offers a smaller range of asset classes for trading.

    More info


    10. thinkorswim thinkorswim app

    Offered by TD Ameritrade, one of the largest online brokers in the US, the thinkorswim mobile app allows Singapore investors to trade in US equities on the go. Enjoy commission-free trades, a complimentary paper trading account and a vast collection of training materials.

    The pros
    • Fee-free. TD Ameritrade charges 0% commission on US exchange-listed stocks, ETFs, and option trades (a $0.65 fee applies per contract for option trades), making it one of the most affordable trading platforms available.
    • Wide range of assets. Gain access to stocks and complex options on the US markets.
    • Free demo account. Test your trading strategies with a free paper trading account that mirrors the functionality of the live trading platform.
    • Excellent customer support. You may contact support through phone (available 24/7), live chat and social media platforms.
    The cons
    • No fractional stocks. Does not allow you to invest by the dollar amount.
    • Steep learning curve for beginners. Due to its extensive features, you may need some time before you can navigate the platform with ease.
    • Expensive margin rates. Currently, TD Ameritrade charges an annualised rate of 9.5% for margin loans below $10,000. Do note that this rate will be charged to your account daily.

    More info


    Not sure which platform to choose? Compare stock trading options

    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.
    FSMOne
    SGX stocks: S$8.80

    US stocks: 0.08% of trade value
    SG, HK, US
    Your capital is at risk.
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    Have you had these questions about stock trading apps?

    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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