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Online Stock Trading Platforms in Singapore

Compare online trading platforms and find out what you need to know about trading stocks in Singapore.

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Compare online trading platforms in Singapore

Online stock trading platforms make it cheaper and easier to buy and sell stocks from Singapore and overseas. You can use our stock broker comparison table below to compare fees and features and find the best deal for you.

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

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Looking to trade stocks online? There are a number of online platforms available, but it’s important to compare them before you sign up. This guide will teach you how online stock trading platforms work in Singapore, how you can make money from trading, what fees you’ll pay and what all the investment terms mean.

How does stock trading work?

Stock trading is exactly what it sounds like: you use an online platform to buy, sell and trade stocks online. These platforms can be available on a website or as an app and let you set up an account and trade stocks from the Singapore Exchange (SGX) or other stock exchanges globally.

Many platforms also let you trade other types of investments, such as index funds, ETFs and more. You can also make use of online tools such as copying high-profile investors, in-depth research on stocks and easy access to data to inform your trades.

Another huge benefit of trading stocks online is that it’s cheaper than a full-service stockbroker. When you buy stocks online, you’ll pay a brokerage fee for each transaction, which typically ranges from 0.08% to 0.28% of the transaction amount.

How to buy stocks in Singapore

Buying stocks is a relatively simple process:

  1. Choose an online stock trading platform
  2. Sign up for an account
  3. Choose the stocks you want to buy
  4. Place your order
  5. Pay for the transaction
  6. Monitor the performance of your stocks
  7. Sell your stocks (if you want to)

You can get the full lowdown on each of these steps, and more, with our full guide on how to buy stocks online.

What features should I look for with stock trading platforms?

  • Advice and research options. Online brokers sometimes offer market news and updates as well as other research tools that will let you investigate the trading history of individual stocks.
  • Bank account integrations. Some services let you transfer money easily from your trading account to a transaction or savings account. Others offer linked debit cards to use with your accounts.
  • Access to Singaporean stocks and global markets. Not all online platforms offer stocks from every market. Check the platform lets you invest where you want.
  • Investment options. Other products offered by some online brokers include forex, CFDs, managed funds and options trading.
  • Strong customer support. Check what level of customer support is available, what hours it’s available and if the support team is based locally in Singapore. This is particularly important for new traders.

    How do fees work with online share trading platforms?

    • Broker fees. This is the fee that is charged every time you buy and sell stocks. Brokers charge different fees depending on the product you’re trading (for example, global stocks, local stocks and options), how often you trade in a month and the size of the trade.
    • Monthly fees. Some brokers in Singapore charge ongoing subscription fees or additional inactivity fees if you don’t make any trades within a certain period of time. This may or may not suit you depending on your trading requirements.
    • Foreign exchange fees. If you’re interested in trading global stocks, you’ll want to check what the foreign exchange (FX) fee is for converting your Singaporean dollars to the foreign currency of choice.

    Is trading stocks online safe? What are the risks?

    As with any type of investment, there are risks to trading stocks online. Some of the risks remain whether you trade online or not, for example, you can lose some or all of your investment. Other risks are with the online platform you choose to use.

    Before you start using a platform, check whether the online broker has a good reputation and is a trusted provider in Singapore. There are several key details to look out for:

    • Reviews. Find out other users’ experiences with the platform by reading customer reviews.
    • Experience. Find out how long it has been offering online stock trading services. Is it backed by a large bank or financial institution?
    • Encryption. Reputable online trading platforms rely on encryption technology to protect your sensitive information. This means that when you log in to a broker’s website, no one will be able to see any of the information transmitted between you and the broker.
    • Login information. Check out what information you will need to provide in order to log in to your account. While many providers only ask for a username and password, others may ask you to enter an additional security code.
    • Online checks. Does the provider offer online checks and restrictions to reduce the risk of fraud? For example, do you receive an SMS code that you will need to enter before trading, or do you need to answer an online security question?
    • Previewing trades. When talking about online stock trading security, it’s also important to check that there are measures in place to prevent you from placing the wrong trade. For example, does the trading platform show you a preview screen outlining the full details of a transaction, such as the total cost and the total stocks purchased, before placing a trade?
    • Processes for dealing with fraud. Next, check to see what will happen if you’re a victim of fraud via your trading account. Does the provider have processes in place to reimburse you for any losses you suffer through no fault of your own if you are the victim of fraud? Are there any exclusions to when this cover applies?
    • Customer support. It’s vital that if something ever goes wrong with a trade or you have a problem with your account, you can quickly access assistance from a company representative. Check to see when and how you can get in touch with the customer support team.

    How to protect yourself when you trade online

    • Watch out for scams. Just as online stock trading technology has grown more sophisticated, so too have the methods used by scammers to trick people into giving up their account details.
    • Keep your login details safe. This is an obvious tip, but one you should always remember. Never give your account login details to a third party, and don’t leave your computer unattended while you’re logged in to your account.
    • Keep a copy of your records. Keep a record of all your online stock trading transactions. Your records could be in a digital or hard-copy format, but should always be stored in a safe place. This will ensure that you have evidence to refer to if something goes wrong with your account or if you suspect you may have been a victim of fraud.
    • Look after your computer. Make sure that you always keep your antivirus software up to date to protect your computer against malware and other viruses. In addition, check that you only ever log in to the trading platform via a secure Internet connection.

    How can I make money from stocks in Singapore?

    Investors in stocks are fractional owners of a business, meaning they will profit based on the future outlook of the business or by getting part of the company paid to them.

    There are 2 main ways to make money from share trading:

    • Capital growth. If you can sell your stocks for a higher price than what you paid for them, you’ll make a profit. This is known as capital growth, given that your initial capital (your stocks) has increased in value. This is possible both with short-term investments (where you sell the stocks after a brief period of time) and over longer periods.
    • Dividends. Some (but not all) companies pay regular dividends to their shareholders based on the amount of profit they make, which can provide an ongoing income stream plus tax advantages for certain investors. Dividend payments are a great form of passive income and it means investors may never need to sell their stocks in order to make a profit. Some companies offer dividend reinvestment strategies allowing you to increase your holdings by giving you more stocks.

    Tips for online stock trading

    Here are some tips to help get you started with online stock trading in Singapore:

    • Read the news. It’s important to stay up to date with the broader economy and learn how major events such as national elections impact the share price of various companies.
    • Research companies before buying. If you want to buy stocks in a company, research as much as you can about the company before making your final decision. It’s a good idea to read the company’s annual reports and meeting minutes to learn what’s in the pipeline and what changes will be made that could affect their share price.
    • Upskill. It can be easy to lose a lot of money by making a poor investment decision or simply clicking on the wrong button if you don’t know what you’re doing. Practise trading on a demo account first and consider taking an online investment course.
    • Consider blue chip companies. This is a good strategy for people new to the share market, as blue-chip companies often have more stable returns, are less volatile and usually pay dividends. Blue-chip stocks are large companies that are financially strong and have a solid track record of producing good earnings for shareholders. For example, big names like Singtel, Comfort Delgro and OCBC Bank are considered blue-chip stocks.
    • Diversify. Say you had SG$5,000 to invest in the share market. Rather than invest it all in 1 company, consider spreading it out across a few companies from different industries. Diversification will help lower your risk, and ensure you don’t have all your eggs in one basket.

          Stock trading glossary – learn the key stock trading terms and what they mean

          • SGX: The abbreviation for the Singapore Exchange Limited, Singapore’s primary stock exchange
          • Bear market: This term refers to when prices on the market are falling and further falls are expected to occur
          • Blue-chip stock: A blue-chip stock is a large company with a steady history of turning a profit
          • Brokerage fee: This is the fee you must pay to a share trading platform when you use the platform to buy or sell stocks
          • Bull market: Opposite to a bear market. This term applies when stock market prices are rising and expected to continue to rise
          • Dividend: Companies can distribute their profits or earnings to shareholders in the form of dividends. A dividend is calculated as a number of cents for each stock you own
          • Float: The initial raising of capital through public subscription to a security
          • Fundamental analysis: This involves analysing the financial statements of a business to determine its overall financial standing
          • Futures: Futures are contracts to buy or sell an asset at a specified future date
          • Limit order: A limit order specifies the maximum (when buying) or minimum (when selling) price you are willing to accept for a stock transaction
          • Listed company: Listed companies have stocks that are purchased and sold through the SGX
          • Live price: This is the price of a stock at a precise moment in time
          • Market order: A market order is an order to buy or sell a stock at its current market price
          • Short selling: This is when you borrow a security and subsequently sell it, with the obligation to buy it back in future at a much lower price
          • Volatility: This reflects the amount of fluctuation in stock prices
          • Yield: This is your return on an investment and is expressed as a percentage
          Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, 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. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. 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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