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Best trading platforms in Singapore (2023)

We compare the fees and features of the most popular stock trading apps in Singapore to help you find the best one for you.

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.


Best offers for first-time traders

Webull image


No minimum deposit

Tiger Brokers image


Overall Trading Platform

Saxo Markets image

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

Syfe Trade logo Go to site Read review
Capital at risk
Fractional trading
Commission-free trades every month
No platform fees or withdrawal 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:

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

Interactive Brokers logo 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
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:

3. Saxo Capital Markets: Good range of global stocks

Saxo Markets logo Go to site Read review
Capital at risk
Suitable for all traders
22,000+ individual stocks on 50+ global exchanges
Friend referral program
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:

4. Tiger Brokers: Low fees on options trading

Tiger Brokers logo 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
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:

5. moomoo: Mobile-friendly with advanced features

Trade HK, US, and SG stocks and ETFs with one account
Zero platform fee and commission for US stocks
Complimentary level 2 market data
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:

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

uSMART logoSimilar platforms
Capital at risk
Fractional trading
Low trading fees
Extensive library of learning tools
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:

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

eToro logoSimilar platforms
Capital at risk
0% commission for US, Hong Kong and European stocks
Copy trading
No account management 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:

8. PhillipCapital (POEMS): CPD brokerage accounts

Multi-asset and multi-market access
30+ trading tools and features
Offers both CDP-linked and custodian accounts
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:

9. Citibank Brokerage: Integrated banking and investing experience

Citibank Brokerage logoSimilar 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
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:

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.

Can I mitigate these risks?

It is important to note that while these risks exist, they can be mitigated by using reputable trading platforms, keeping personal information secure, investing within your risk tolerance and regularly monitoring your account for any suspicious activity.

Be sure to carefully consider your investment goals, risk tolerance and trading strategy before using a trading platform.

Compare trading apps in Singapore

Name Product Brokerage Fee Tradeable Assets Market Access Trading Platform Offer
Syfe Trade
SGX stocks: $1.98
US stocks: 2 free trades per month and $1.49 per trade thereafter
Stocks, ETFs
Syfe Trade
Get $40 when you sign up on Syfe Trade (minimum deposit of $1,000). Promo code: 'TRADE40'.T&Cs apply.
Interactive Brokers
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.
SGX stocks: N/A
US stocks: $0
Stocks, ETFs, Options, ADRs, Mutual funds
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.
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.
Tiger Brokers
SGX stocks: $1.99 per order
US stocks: US$1.99 per order
Stocks, ETFs, Options, Futures
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).
IG CFD Trading
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.

Frequently asked questions about 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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