The first step to investing in the financial markets starts from opening a brokerage account. But as for that step before the first step, you’ll have to invest in the best choice of brokerage account for yourself.
Best Brokerage Accounts in Singapore on SingSaver
Tiger Brokers | Syfe | City Index | Stashaway | POEMS | SAXO | Interactive Brokers | moomoo | Endowus | IG Trading | CMC Invest | ProsperUs | Webull
One of the best ways to grow your wealth is through investing.
With the shift in global interest rates and new regulatory frameworks by MAS and SGX, choosing a brokerage in 2026 requires a fresh look at fees, custody models, and idle cash yields. Whether you are a dividend seeker or a US tech trader, here is the definitive guide to the best platforms today.
- Overview: Best Brokerages in Singapore 2026
- CDP-linked vs custodian account
- Brokerage account fees and charges
- How do you choose a brokerage account that suits you
- Best brokerage accounts to use
- Read reviews of the best online brokerages in Singapore
However, if you are new to investing or have just started out on your investment journey, get started with the basics. Learn how to buy shares, find out the different types of investment products, and more here:
- Find Out How To Buy Shares And Stocks With An Online Brokerage In Singapore
- Learn How To Invest In Singapore
- Guide To Popular Types Of Investments
- Find Out How To Invest In Exchange Traded Funds
- Find Out How To Build A Passive Income Portfolio
- Find Out What Is A Fixed Income Investment
- Learn How To Invest In Unit Trusts In Singapore
- Find Out How To Build A Stock Portfolio With A 100k Investment
- Find Out What Are The Different Types Of ETFs In Singapore
- Find Out What Is The Best Investment Strategy For Your Age
- Read The Beginner's Guide To Investing In Emerging Market Stocks
- Learn How To Invest And Build A Multi-Asset Portfolio In Your 20s
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Overview: Best Brokerages in Singapore 2026
| Brokerage Type | Best For... | Top Pick |
| Low-Cost (General) | All-in-one low fees & interface | Moomoo SG |
| US Stocks | Fractional trading & 24/5 access | Webull Singapore |
| Singapore Stocks (CDP) | Direct ownership for dividends | DBS Vickers / POEMS |
| Professional Traders | Global access & deep liquidity | Interactive Brokers |
| Regular Savings (RSP) | Automated monthly investing | FSMOne / Webull |
CDP-linked vs Custodian account
When choosing a brokerage account, you’ll find that there are generally two different types of accounts: CDP-linked and custodian accounts. Each type of account has its own pros and cons.
CDP-Linked Accounts: Shares are held in your own name at the Central Depository. This remains the "gold standard" for local investors who want direct participation in EGMs and AGMs.
| Pros | Cons |
| Direct Control: You receive annual reports and corporate action notifications directly from the company. |
The high minimum fees make it inefficient for "dollar-cost averaging" with small amounts (e.g., S$500/month) |
| Transparency: A single consolidated statement from SGX shows all your holdings across different brokers (DBS, POEMS, etc.). | CDP only holds SGX-listed securities. You still need a custodian account for US, HK, or London stocks |
| Security: Since the shares are in your name, you face zero "broker insolvency risk" for your SGX holdings. |
Custodian (Omnibus) Accounts: Most fintech brokers (Moomoo, Tiger, Webull) now use an enhanced Omnibus model. While you are the beneficial owner, the shares are held by the broker. Following the 2023 High Court ruling (Tanoto Sau Ian v USP Group), only direct CDP holders have the automatic right to requisition EGMs, though most custodian brokers now offer seamless digital proxy voting.
| Pros | Cons |
| Ultra-Low Fees: Perfect for frequent traders and beginners. The 2026 market average for US trades is now under US$1.00. |
Attending an AGM often requires "submitting a request" to your broker days in advance |
| One-Stop Shop: You can manage your Singapore, US, and Hong Kong portfolios in a single app. | You rely on the broker’s internal ledger and regulatory compliance to safeguard your beneficial interest. |
| Advanced Features: Easier access to fractional shares and automated Regular Savings Plans (RSP). |
If you’re a short-term trader, custodian accounts will be more ideal as it saves you from paying higher costs when you make numerous trades. If you’re a long-term investor, there could be more value in getting the stock credited to your CDP.
SingSaver Exclusive Offer: Open a CMC Markets account and get 2,500 Max Miles by HeyMax (worth S$45), an upsized S$20 cash via PayNow or S$40 Grab Voucher. Valid until 1 June 2026. T&Cs apply.
Brokerage account fees and charges
CDP-linked brokerage accounts
For those prioritizing direct ownership, CDP-linked accounts remain slightly more expensive but provide higher structural security for long-term holders.
| Brokerage | Min. Fee (SG Stocks) | Commission Rate |
| Moomoo SG (CDP) | S$9.98 | 0.22% (Bundled) |
| DBS Vickers (Cash Upfront) | S$10.90 | 0.12% |
| POEMS (Phillip Securities) | S$25.00 | 0.28% |
| OCBC / UOB Kay Hian | S$25.00 | 0.275% |
Custodian accounts
In 2026, commission rates for major fintech players have stabilized. Most now offer a "bundled" fee consisting of commission and a platform fee.
| Brokerage | SG Stocks (Min. Fee) | US Stocks (Min. Fee) | Key Highlight (2026) |
| Webull SG | S$1.60 (0.05%) | US$0.50 | Leading for US fractional shares. |
| Moomoo SG | S$1.98 (0.06%) | US$0.99 | Best AI-integrated research tools. |
| Longbridge | S$0.99 (0.03%) | US$0.99 | Lowest minimum for SGX trades. |
| Tiger Brokers | S$1.99 (0.06%) | US$1.99 | Competitive "Tiger Coins" loyalty rewards. |
| Syfe Trade | S$1.98 (0.06%) | US$1.49 | Integrated with Syfe's robo-advisory. |
| Interactive Brokers | S$2.50 (0.08%) | US$1.00 | Lowest FX spreads for global traders. |
If you are a priority customer of these brokerages, you also enjoy additional perks such as lower commission fees.
Idle Cash Yields: The "SORA" Effect
In early 2026, Singapore’s interest rates (SORA) have normalized. As of April, 3-Month SORA sits at approximately 1.05%.
Retail investors should no longer expect the 5% p.a. returns seen in 2023. Current "Cash Management" yields for idle funds in brokerage accounts (like Moomoo Cash Plus or Webull Moneybull) are currently trending between 3.2% and 4.15% p.a.
Essential Fees to Watch (US Markets)
If you trade US stocks from Singapore, take note of the new SEC transaction fee effective April 4, 2026:
- SEC Section 31 Fee: Increased to US$20.60 per million dollars (approx. 0.00206%) on sell orders.
- W-8BEN: Still mandatory for all non-US residents to avoid 30% dividend withholding tax (reduced to 0% for capital gains, but 30% remains for dividends).
Choosing a brokerage account that suits you
For the Active US Trader: Webull Singapore
Webull remains the top choice for US markets in 2026 due to its zero-commission promotions and low US$0.50 minimum platform fee. They also support 24/5 trading, essential for dealing with late-night US volatility from Singapore.
For the Dividend Investor: DBS Vickers or POEMS
If you are building a "buy and hold" portfolio of SGX REITs or blue chips, use a CDP-linked account. DBS Vickers (Cash Upfront) is the most cost-effective way to get shares directly into your CDP account at S$10.90 per trade.
For the All-Rounder: Moomoo SG
Moomoo continues to dominate with the best user interface and most frequent "Welcome Rewards" (typically valued at ~S$200 in 2026). Their move to offer both Custodian and CDP options makes them a versatile choice for any Singaporean investor.
Which is Best for You in 2026?
In April 2026, the choice depends on your investment strategy rather than just "safety."
- Choose CDP if: You are a long-term "dividend hunter" focusing on Singapore REITs and blue chips. The peace of mind of direct ownership and the convenience of dividends flowing directly into your bank account justify the higher transaction costs.
- Choose Custodian if: You are a growth-oriented investor trading US tech stocks or someone starting with smaller capital. The cost savings from lower commissions will significantly compound your returns over time.
For most modern investors, a hybrid approach is the most effective: hold your core Singapore dividend portfolio in a CDP account (via DBS Vickers or POEMS) and use a fintech custodian (like Moomoo or Webull) for international diversification and tactical trades.
Compare Between The Best Online Brokerage Account In Singapore
Compare The Best Investment Apps In Singapore
Compare Between Moomoo Vs Tiger Brokers
Best brokerage accounts in Singapore
With so many different brokerage accounts available, we have filtered them down into a few important categories.
Best overall and for overseas stocks: CMC Invest, Interactive Brokers (IBKR), SAXO Markets, and ProsperUS
CMC Invest has solidified its position in 2026 as a top-tier provider for investors looking for a balance between traditional reliability and fintech-level pricing.
- Trading Fees: The commission for SG stocks is now 0.04% (with a minimum of S$2) after your first five free monthly trades.
- US Markets: For US stocks, the fee is 0.03% (minimum US$3) after your first ten free monthly trades.
- Asset Variety: Beyond SG and US markets, CMC Invest provides access to the UK, Hong Kong, Japan, and Canada. Their platform is integrated with an automated Regular Savings Plan (RSP) which has become a favorite for DCA (Dollar Cost Averaging) investors in 2026.
- Platform Strength: While widely known for Contract for Difference (CFD) trading, their "Invest" (Non-CFD) arm is now a primary competitor for long-term equity holders due to the lack of platform, maintenance, or inactivity fees.
SingSaver Exclusive Offer: Get S$20 Cash via PayNow or 1,300 Max Miles by Heymax (worth S$23) when you open a CMC Invest account. Promo is stackable with welcome offer. Valid till 1 June 2026. T&Cs apply.
Interactive Brokers remains the "Pro Trader's" choice in 2026, especially for those moving large volumes across international borders.
- SG Stocks: 0.08% of trade value with a S$2.50 minimum.
- US Stocks: US$0.005 per share with a US$1.00 minimum.
- 2026 Edge: IBKR’s FX conversion rates remain the industry benchmark (0.03% spread), making it the cheapest platform for investors who fund in SGD but trade primarily in USD or EUR. They have removed all "inactivity fees," making them accessible even for casual investors.
Check out our full review of IBKR here.
Saxo has rebranded its tiers for 2026 (Bronze, Silver, Gold) to better cater to different levels of capital.
- SG Stocks: 0.08% (minimum S$3) for the entry-level tier.
- US Stocks: 0.08% (minimum US$1).
- Custody Fees: In a major 2026 update, Saxo has waived custody fees for users who opt into their "Securities Lending" program, making it an evergreen choice for long-term holders.
SingSaver Exclusive Offer: Get S$180 Cash or 11,500 Max Miles by Heymax (worth S$207) when you sign up for a Saxo Markets account, fund a min. of S$3,000, maintain the funds for 30 days from date of deposit, and make at least 3x trade within 14 days of account opening. Valid till 17 May 2026. T&Cs apply.
ProsperUs remains the best "hybrid" broker for those who want the backing of a major traditional firm (CGS International) with a digital-first interface.
- Commission: Their 2026 "evergreen" rate for SG stocks is 0.06% with no minimum fee for promotional periods, making it excellent for very small "odd lot" trades.
- US Stocks: US$0.01 per share with a US$5.00 minimum.
- Market Access: They offer one of the widest ranges of markets in Singapore, including niche exchanges in Europe and Southeast Asia that are often unavailable on newer fintech apps.
Best for low fees: moomoo SG, Tiger Brokers, or Webull
One of the newest entrants to the online brokerage space in Singapore, Moomoo SG is quickly becoming a dominant force in 2026, known for its "all-in-one" app that balances professional-grade technical tools with a user-friendly social community.
- SG Stocks: 0% Commission for the first year (new users). Thereafter, it is 0.03% (min. S$0.99) plus a platform fee of 0.03% (min. S$0.99).
- US Stocks: Lifetime $0 Commission for new accounts. Platform fees are a flat US$0.99 per order.
- Unique Feature: In 2026, Moomoo has expanded its AI-powered stock screener and industrial chain maps, allowing investors to visualize how global supply chain shifts (e.g., in semiconductors or EVs) affect stock prices in real-time.
- Idle Cash: Moomoo Cash Plus currently offers a competitive yield of approximately 3.8% to 4.1% p.a., utilizing SORA-pegged money market funds.
SingSaver Exclusive Offer: Get up to S$1,764 in total rewards including fractional shares of NVIDIA (NVDA) and cash coupons.
- Deposit S$3,000: Receive S$20 in NVDA shares + S$30 trading coupons.
- Deposit S$10,000: Receive S$120 in NVDA shares + S$130 trading coupons.
- Valid until 22 April 2026.
Tiger Brokers has shifted its 2026 strategy toward "Lifestyle Investing," integrating their Tiger BOSS Debit Card into their ecosystem to give investors fractional share "cashback" on daily spending.
- SG Stocks: 0.06% total fee (Commission + Platform) with a combined minimum of S$1.99.
- US Stocks: US$0.01 per share (Commission + Platform) with a minimum of US$1.99 per order.
- US Options: Currently running a 2026 promo at US$0.35 per contract with no minimum fees, making them the cheapest for options traders this month.
- 2026 Edge: The Tiger BOSS Debit Card allows you to earn 1% cashback in fractional shares of stocks like Apple, Tesla, or NVIDIA on every dollar spent at local merchants.
Check out our full review of Tiger Brokers here.
SingSaver Exclusive Offer: Open a Tiger Brokers account, fund a minimum amount of S$3,00 and make one trade within the promotional period to receive an upsized S$160 Cash, upsized S$180 eCapitaVoucher, Apple AirPods 4 (without Active Noise Cancellation) (worth S$199), or 1-Year Premium Plan Subscription for TipRanks (worth S$459.98). Offer is stackable with Tiger Brokers' welcome offer. Valid till 1 June 2026. T&Cs apply.
Meanwhile, Webull has established itself as the "Low-Cost Specialist" in 2026, often undercutting competitors with zero platform fees for US and Hong Kong trades.
- SG Stocks: 0.05% total fee (Commission 0.025% + Platform 0.025%) with a total minimum of S$1.60. New users get 1 year commission-free.
- US Stocks: 0% Platform Fees. Commission is 0.025% (min. US$0.50) during regular hours, making it the cheapest for small-cap US stock buyers.
- Fractional Shares: You can buy US stocks and ETFs with as little as US$5, with zero commission for fractional portions.
- Overnight Trading: Webull remains the leader for 24/5 US trading, allowing Singaporeans to trade US stocks during our local daylight hours.
SingSaver Exclusive Offer: Open and fund an account to get up to S$1,200 in NVDA shares and S$688 in stock vouchers.
- Deposit S$3,000: Maintain for 30 days to unlock initial rewards.
- High Tier: Deposits of S$300,000+ unlock the full S$1,888 reward suite. Valid until 30 June 2026.
Read our review of Webull here.
SingSaver Exclusive Offer: Open a Webull account and fund a minimum of SGD3,000 to receive S$110 Cash. Fund SGD10,000 to get S$200 Cash, S$50 eCapitaVoucher + Samsung Galaxy Buds 4 Pro (worth S$349) (total worth S$399), or 13k Max Miles by Heymax (worth S$234). Or, top up as low as S$50 to get a Dyson Purifier Cool™ TP10 (worth S$599). Valid till 20 May 2026. T&Cs apply.
Best CDP-linked accounts: DBS Vickers and FSMOne
As a subsidiary of Southeast Asia’s largest bank, DBS Vickers is the preferred choice for investors who value the "one-ecosystem" approach. In 2026, it remains one of the few brokers that allows for instantaneous transfers between your multi-currency banking account and your trading account.
- SG Stocks (Cash Upfront): 0.12% of trade value (Min. S$10.90).
- SG Stocks (Normal Cash): 0.28% of trade value (Min. S$27.25).
- US Stocks: 0.12% of trade value (Min. US$14.17).
- 2026 Update: While most traditional brokers have kept fees high, DBS Vickers' Cash Upfront model remains highly competitive for CDP investors, offering a much lower entry point (S$10.90) compared to the industry standard S$25.
- Best For: Investors who already use DBS/POSB digibank and want their dividends to flow directly into their savings account without manual intervention.
FSMOne (by iFAST Financial) revolutionized CDP trading years ago by introducing flat fees, and in 2026, they remain the "value king" for mid-to-large sized trades on the SGX.
- SG Stocks (Flat Fee): S$8.80 flat (for all account tiers).
- SG ETFs (Flat Fee): S$3.80 flat.
- 2026 "Evergreen" Edge: FSMOne's flat-fee structure is unique. Whether you buy S$2,000 or S$20,000 worth of shares, you pay only S$8.80. This makes them significantly cheaper than DBS Vickers or POEMS for larger transaction sizes.
- Bond Market Access: They continue to lead in 2026 for retail access to corporate bonds and wholesale bonds, often allowing Singaporeans to enter bond positions with lower minimums than traditional private banks.
- Best For: "Buy and Hold" dividend investors who want the lowest possible flat cost for adding to their SGX REIT or blue-chip positions.
Read reviews of the best online brokerages in Singapore
Want to learn more about the offerings of different online brokerage platforms in Singapore? Read our reviews of the different online investment platforms here:
- Read The Review Of CGS CIMB Prosperus
- Read The Review Of uSMART
- Read The Review Of Endowus
- Read The Review Of DBS Vickers
- Read The Review Of FSMOne
- Read The Review Of POEMS Phillip Securities
- Read The Review Of Saxo Markets Investment Brokerage & SaxoTraderGO
- Read The Review Of POEMS
- Read The Review Of IG Online Brokerage
- Read The Review Of CMC Markets
- Read The Review Of Saxo Markets
- Read The Review Of UOB Kay Hian
- Read The Review Of Plus500
- Read The Review Of City Index
- Read The Review Of OCBC Securities
Besides opening a brokerage account, if you're looking for a diversified investment solution, you can also consider investing with robo-advisors.
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