Promos and offers aren’t the full story
While promos are good, you shouldn’t jump into opening an account just because you see a good one.
You should always take the time to understand the investment platform and product fully and find out what fees you will need to pay after the promotion is over, and only proceed if there is a good fit with your goals, timeline and budget.
Investments work best over time, and starting and stopping or switching between platforms and products will incur a chunk of fees – which means money wasted.
With that in mind, here are some of the best investment sign-up promos for Singaporean investors in 2022.
SingSaver Exclusive Offer: Receive S$20 cashback when you open and fund S$100 into a moomoo Cash Plus Account and hold the balance for 30 days. Valid till 31 December 2022. T&Cs apply.
In addition, enjoy a guaranteed return of 5% p.a. for 3 months when you make a subscription between $100 to $10,000. T&Cs apply.
Plus, apply for this product and score 1x entry in our Score Big Grand Lucky Draw, where you stand to win your share of over S$30,000 worth of exciting prizes! Valid till 18 December 2022. T&Cs apply.
|Financial institution||Type of investment||Sign-up promo||Valid till|
|Tiger Brokers||Stocks, ETFs, REITs, Options, Futures||Enjoy 180 days of commission-free trades for U.S. stocks; 365 days of commission-free trades for HK, SG, and China A stocks; and one free Grab share. If you deposit S$1,000 or more, you'll receive S$88||30 November 2022|
|moomoo||Stocks, ETFs, REITs||
Sign up for a new Futu SG account to get:
- S$10 Stock Cash Coupon
|31 December 2022|
|StashAway||ETFs||Enjoy a management fee waiver for six months. Valid for the first S$40,000 invested.||Not stated|
|POSB Invest-Saver||ETFs and Unit Trusts||Enjoy up to S$98 cashback with Invest-Saver||31 October 2022|
|POEMS Share Builders Plan (Regular Savings Plan)||Stocks and Shares||Enjoy three months of handling fee rebates||31 December 2022|
|POEMS Unit Trust Transfer In||Unit Trusts||Get a S$20 reward for every S$10,000 worth of Unit Trusts holdings transferred in to POEMS
Maximum reward capped at S$1,000
|31 December 2022|
|HSBC Unit Trusts||Unit Trust Regular Savings Plan||Enjoy preferential rates for SGD/USD 3-month time deposit when you invest a minimum of SGD/USD 50,000||31 October 2022|
- Tiger Brokers
- POSB InvestSaver
- POEMS Share Builders Plan
- POEMS Unit Trust Transfer In
- HSBC Unit Trusts
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Tiger Brokers: Free Grab share, commission-free trades, and zero platform fee for a year
Home-grown trading platform Tiger Brokers offers a mix of Singapore stocks, ETFs and REITs, as well as selections from popular global markets such as the USA, China, and Australia.
They also offer a mix of indices, commodities, bonds, options and futures, so there’s something for investors of all appetites and experience levels.
Tiger Brokers sets very attractive pricing for its fees, starting at US$0.01 per share for US stocks and ETFs, while service fees for Hong Kong, China, Australia and Singapore range from 0.06% to 0.10% of trade value.
With such low rates and access to popular trading markets and products, Tiger Brokers is a good choice to start your trading journey.
Signup Promotion: Enjoy 180 days of commission-free trades for U.S. stocks, 365 days of commission-free trades for HK, SG, and China A stocks, and a free Grab share when you open an account for the first time.
You'll also receive S$88 if you deposit at least S$1,000. Offer is valid till 31 August 2022.
moomoo: Lifetime commission-free trading for U.S stocks, cash coupons, and free market data access
moomoo is the latest entrant to the online brokerage space in Singapore, allowing users to trade US, HK, or SG stocks.
moomoo charges commission fees are 0.03%, with a minimum commission fee of US$0.99, HK$3 or S$0.99 depending on the market you're trading. There is also no custodian fee incurred.
You can sign up with moomoo today to enjoy the following upon successful opening of a Futu SG securities account:
- Lifetime commission-free trading for U.S stock market
- 1-year free platform fee of U.S stock market
- No platform fee charges for a year for U.S stock market
- Free access to real-time Lvl 2 market data for U.S stock market
- Free access to real-time Lvl 1 market data for SG stock market
- Free access to real-time Lvl 1 market data for China A shares market
- Receive S$10 Stock Cash Coupon and S$30 Stock Cash Coupon Bundle
From 7 Oct-31 Oct 2022, the 1st 100 new applicants will receive S$20 cashback upon funding S$100 in your moomoo Cash Plus account.
If you deposit S$2,700 or more, you'll have one chance to draw one free share worth between S$50 and S$150.
Offers are valid till 31 December 2022. T&Cs apply.
StashAway: Management fee waiver on up to the first S$40,000 invested
StashAway is a known name in the robo-advisory space, being one of the first platforms made available to investors. With StashAway, you can invest both cash and Supplementary Retirement Scheme (SRS) funds.
StashAway invests in best-in-class ETFs, relying on data and research to select the asset classes that comprise your investment portfolio. There are three different portfolio types for you to choose from: General Investing, Goals-based Investing or the Income Portfolio.
To enjoy the management fee waiver on up to the first S$40,000 you invest with StashAway, you need to make a deposit within four weeks of applying. This management fee waiver applies for the first six months.
SingSaver's Exclusive Offer: Enjoy waiver of management fees on up to the first S$40,000 invested in the first 6 months. No minimum deposit required. T&Cs apply.
POSB InvestSaver: up to S$98 cashback
POSB Invest-Saver is a Regular Savings Investment Plan that lets you invest in ETFs and Unit Trusts (UTs).
Both ETFs and UTs are popular investment products that also tend to benefit from dollar-cost averaging.
Sign up for a new InvestSaver account and you'll stand a chance to receive up to S$98 of cashback per Regular Savings Plan when you set up an Invest-Saver plan.
This promotion is valid for Unit Trust and/or ETF Regular Savings Plans (RSP) set up online from 1 October 2022 to 31 October 2022. Eligible customers will enjoy cashback for your RSP contribution made till 30 November 2022. You have to continue the RSP for three consecutive months for your cashback to be disbursed.
Promo valid till: 31 October 2022
POEMS Shares Builder Plan: 3-month rebate on handling fees, Grab and FairPrice vouchers
Investing directly in stocks and shares is a gratifying way to directly support your favourite brands and companies. Not only do you own a little piece of them, but their good performance will also create financial rewards for you down the line.
POEMS Shares Builder plan is a Regular Savings Plan that lets you invest in stocks and shares with steady, regular deposits, which is advantageous because:
- You don’t have to raise a large sum of capital to begin
- You’ll also benefit from dollar-cost averaging
If this sounds appealing to you, you’ll want to take advantage of the current promotion, which gives you three months of rebate on handling fees when you sign up as a new customer.
However, the rebate is credited contingent on your portfolio achieving capital gains during the three-month period. You also have to maintain your account activity for at least six months consecutively.
Any qualifying rebates will be re-invested into your portfolio, and are not convertible for cash withdrawal.
What's more, sign up for a Junior Share Builders Plan for your child to receive 12 months of handling fee rebates. If you're thinking of building up a fund for your little ones, whether for education, housing, or any other purpose, this might be the push you need.
The same terms and conditions apply as the three-month handling fee rebate promotion, which makes things easier to understand.
Promo valid till: 31 December 2022
POEMS Unit Trust Transfer In: Get S$20 cash reward for every S$10,000 Unit Funds Transferred
When investing, it is important to pay attention to fees, as they can eat into your profits. As a general rule, the lower the fees, the better.
That’s why investors should take note of POEMS Unit Trust, which offers 0% platform fees, 0% sales charges and 0% switching fees. (This does not mean POEMS Unit Trusts is completely free of charge, there may be a sales charge levied in certain circumstances.)
And as if that’s not attractive enough, transfer your Unit Trusts holdings to POEMS now and receive cash rewards. Every S$10,000 worth of Unit Trusts you transfer will net you a S$20 cash reward, capped at S$1,000.
To qualify, your Unit Trusts must be successfully transferred and held in POEMS for a minimum of three months. Applicable only to cash holdings transfers only.
Promo valid till: 31 December 2022
HSBC Unit Trusts: Enjoy preferential rates for time deposits
Unit Trusts charge sales fees as a type of set-up fee, so the more funds you invest into, the more sales fees you’ll incur.
With HSBC Unit Trusts, you can enjoy 4.5% p.a. on your S$/US$ 3-month time deposit with a minimum investment of S$/US$50,000 (or foreign currency equivalent).
|Minimum qualifying unit trust amount||Qualifying time deposit amount||Promotional rate on 3-month tenor||Time deposit|
|S$50,000||S$5,000 to 100% of investment amount||4.5% p.a.||31 October 2022|
|US$50,000 (or foreign currency equivalent)||US$25,000 to 100% of investment amount||4.5% p.a.||31 October 2022|
Promo valid till: 31 October 2022
Start your investment journey today
With the investment promotions on offer, you're given an incentive on top of the desire to grow your wealth. If you're looking to invest in stocks, here are the steps you need to take.
Alternatively, if you're looking for a diversified portfolio for long-term investment growth, you can consider investing with robo-advisors.
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Syfe Singapore Review (2021): Multiple Portfolios For Various Investment Objectives
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