Find the Best Brokerage Accounts for Online Stock Trading
Updated: 21 Aug 2025
Product Name | Hot Reward Pick | SingSaver Reward | Min. Comm. Fee | Min. Trade Fee | Min. Deposit for Rewards | |||
|---|---|---|---|---|---|---|---|---|
 | Webull Singapore | S$1,941 | S$0 * | 0.03 % | S$2,000 | |||
 | Plus500 | S$1,826 | S$0 | 0 % | S$500 | |||
 | Longbridge | S$999 | S$0 | 0.03 % | S$2,000 | |||
 | IG | S$3,917 | S$10 | 0.1 % | S$1,000 | |||
 | moomoo SG | S$1,249 | S$0 | 0.03 % | S$2,000 | |||
 | FOREX.com | S$2,020 | S$10 | S$0 | S$1,000 | |||
 | Tiger Brokers | S$1,149 | S$0.99 | 0.08 % | US$1,000 | |||
 | CMC Invest | S$742 | S$2 | 0 % | S$0 | |||
 | Syfe Brokerage | S$550 | S$1.98 | - | S$2,000 | |||
 | CMC Markets | S$929 | S$10 | 0 % | 0 | |||
 | Saxo Markets | S$150 | S$3 | 0 % | S$2,000 | |||
 | uSMART SG | S$135 | 0.02 % | 0 % | S$1,000 | |||
 | Stashaway | - | S$1,300 | S$0 | 0 % | S$6,000 |
- One-stop investment hub for US, SG, HK, and China-A markets
- Diverse tradable products: Stocks, ETFs, Options, Mutual Funds, Bonds, REITs & more
- Transparent, competitive pricing: 0 platform fees on US/HK/China-A trades, USD0.90*/order for US Stocks, USD0.55/contract for US Options, and 0 commission* on SG Stocks.
- Clean and intuitive platform that lets you act on opportunities instantly
- Smart tools and clear signals with insights that count
- 24-hour US trading to seize opportunities anytime
- Fractional shares trading available from as low as USD5
- Earn up to 4.18%^ 7-Day USD yield (p.a.) on your idle cash with Moneybull
- Dynamic and Fixed Regular Savings Plan (RSP) for recurring US stock, ETF, and mutual fund investing
- 24/5 live customer service on trading days (Instant message, email, and hotline)
- Fast account opening, deposits and withdrawals.
- Tap into the Global Webull community with 50+ million downloads in 14 operating markets
- A leading Nasdaq-listed broker, Licensed and Regulated by MAS.
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Trade over 2,000 contracts for difference (CFDs) across a wide range of financial products, such as indices, forex, shares, commodities and more.
- Every instrument gives different TPoints (Trader Points) based on the amount traded.
- No withdrawal and deposit fees
- Free real-time price quotes
- Web and mobile platforms available for added flexibility
- Demo account available for practice and experimentation
- Licensed by MAS
- Singapore's #1 in client satisfaction* By overall satisfaction, Investment Trends 2023 Singapore Leverage Trading Report
- Monthly fee of US$10 after 3 months of inactivity
- Guaranteed stop order type is subjected to a wider spread
- Overnight funding and currency conversion fees apply
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for some investors. Please ensure you fully understand the risks involved. The listed provider is licensed and regulated by the Monetary Authority of Singapore. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Lifetime commission-free trading for US, SG and HK stocks
- Supports stocks, REITs, ETFs, HK warrants, CBBCs, US options, and mutual funds across the SG, US, and HK markets
- Enjoy free access to HKEX and SGX real-time Level 1 quotes
- Offers 24-hour trading in the U.S. markets
- Open a trading account in just 3 minutes via MyInfo with Singpass
- Licensed by the Monetary Authority of Singapore (MAS)
- Mobile, web, and desktop trading platforms available
- Platform fees apply for every trade
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Trade 13,000+ markets on Singapore's No.1 CFD/FX broker (By total client relationships. Investment Trends 2022 and 2023 Singapore Leverage Trading Report)
- Trade contracts for difference (CFDs) across a wide range of financial products, such as indices, forex, shares, commodities and more
- Take greater control over your dealing with built-in access to advanced 3rd-party platforms such as TradingView, MT4, and ProRealTime
- No min. deposit required
- Trade with low spreads – from as low as 0.1 on indices, 0.6 on forex, 0.3 on commodities, and 0.10% on shares.
- Get rewarded monthly with cash rebates straight into your trading account when you trade more than S$10 million in notional value. For more details, refer here
- Practice trading with S$200,000 virtual funds on a demo account
- Read our full review of IG
- Min. commission fee of S$10
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- All-in-one investment platform
- 0 commission, 0 platform fee for forex trading
- Segregated client accounts--this ensures your money stays protected no matter what happens to the company
- Fast and stable trading environment
- Tight, ultra-thin spread
- Dedicated customer service
- Regulated by MAS
- Read our full review of moomoo
- Platform fees apply for every trade
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- State-of-the-art trading platform with intuitive deal tickets, risk management tools, price alerts and expert insights
- Trade global CFD markets offered across thousands of asset classes
- Market-leading spreads on major indices from 0.3 points
- Min. commissions on US stocks from 1.5c per share (min. S$8) and SG stocks from 0.08% (min. S$10)
- Monthly cash rebates, referral rewards and new trader bonuses
- Extended hours trading on 150+ major US stocks
- Web and mobile traidng platform available, connectable with MT4 and TradingView
- Part of the StoneX Group Inc., a Fortune 100 financial giant with a proven track record of financial services and transparency
- 24/5 client management support (Message, hotline, email)
- Licensed and regulated by MAS, NFA, CFTC, CIRO, CySEC, CIMA, FCA, SFC, FSA, ASIC
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Commission-free trades on US, HK, SG and China A stocks
- US Fractional Shares available
- Supports auto-invest in US stocks and ETF
- In-app community of millions of global investors
- Real-time market data and detailed analysis to make informed decisions
- Instant account opening as well as 24/7 support
- Licensed by Monetary Authority of Singapore (MAS)
- Read our full review of Tiger Brokers
- Platform fees apply for every trade
- Min. fee amount also applies for equities trades made on SEHK and HKEx
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Complimentary upgrade to ‘Invest’ tier for 12 months: 45 free monthly trades in SG, US, UK, CA and HK and free live US & SG market data
- Access to thousands of shares, REITs and ETFs across 15 markets
- Access to Sustainalytics ESG Risk Ratings feature
- Customisable reports widgets such as watchlist
- Seamless investing – available desktop, mobile and tablet
- TradingView charting package
- Easy sign up via SingPass
- No platform, custody, settlement and inactivity fees
- Safety and segregation of cash and securities with JP Morgan and BNP Paribas, respectively
- No trading and transaction tax for HK stocks (waived off by CMC Invest)
- Free Matcha upon sign-up. (T&Cs apply)
CMC Invest provides an execution-only service. Investments carry risks and may not suit everyone. Refer to T&Cs & Risk Disclosures on www.cmcinvest.sg. SingSaver is a paid affiliate marketing partner of CMC Invest and may receive compensation from CMC Invest and the other brands providing the offers or services appearing on this website. Singsaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products, or offers. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- All-in-one investment platform
- No min. deposit required
- Unlimited free trades for US markets for the first 3 months (subsequently, 2-10 free US trades per month)
- Access US, SG, and HK markets as well as UCITS
- US fractional shares and SG odd lots available
- Supports auto-invest
- Access to real-time stock analysis
- Instant account opening with 24/7 support
- Licensed by MAS
- Read our full review of Syfe
- Management fee and member benefits depend on account tier
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Extensive range of product catalog where clients are able to trade up to 12,000 instruments
- Access to award winning trading platforms with rich, highly customisable features such as an advanced order panel
- No withdrawal fees
- No min. deposit required
- Free demo account available for practice
- Min. commission fee of S$10
CMC Markets Singapore Pte. Ltd. Co. Reg. No./UEN 200605050E ("CMC Markets"). Regulated by the Monetary Authority of Singapore (CMSL No: 100063). See risk warning/disclosures and other important information (including the applicable terms of business) at our website: Home. Singsaver is our paid affiliate marketing partner.
The Information provided is not to be regarded as an offer, a solicitation or an invitation to deal in any investment product or an advice or a recommendation with respect to any investment product, and does not have regard to the specific investment objectives, financial situation and particular needs. Contracts for Difference (“CFDs”) are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. Countdowns carry a level of risk to your capital as you could lose all of your investment. Invest only what you can afford to lose. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- 185+ currency pairs available for Forex traders from 0.4 pips, no commission charged and earn cash rebates `
- Access 8,600+ CFDs with tight spreads, low commission and cash rebates
- Demo account available for practice or experimentation
- No inactivity fee levied
- SaxoTraderPRO available for advanced investors who require a more comprehensive platform
- Read our full review of Saxo Markets
- Annual custody fee of up to 0.12% charged for accounts with Stocks, ETFs/ETCs or Bond positions opted out of Securities lending. No custody fee for account plans opted into Securities Lending. Learn more here.
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
- Trade US Stocks and ETFs at only S$1 per order. T&Cs apply.
- Access stocks, but also options, CFDs (including stocks, forex, gold/silver, crypto), and Crypto ETFs.
- US Stocks: $0 commission, with a fixed platform fee of $1 per transaction.
- Options: Lowest fees at $0.50 per contract. For premiums less than $0.10, the commission is only $0.10 per contract.
- CFDs: 0 commission, with spreads starting as low as 0.27 points.
- Free and interactive learning materials, videos and features to help new investors embark on their investment journey
- Platform fees apply for every trade
- No min. investment amount and account balance required
- Invest your cash or SRS funds with 3 portfolio types: General Investing, Goal-based Investing, and Income Portfolio
- StashAway Simpleâ„¢ lets you earn a projected rate of 1.4% p.a. on your savings
- Free personal finance courses and events on StashAway academy
- Get access to a term life insurance product, with premiums starting from S$115
- Read our full review of StashAway
- Larger investment amounts required to enjoy lower management fees
- Min. S$10,000 required for Income Portfolio
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
Overview of popular online brokers
Here's a quick look at some of the leading online brokerage platforms in Singapore:
- Webull: Known for its user-friendly interface and commission-free trading for US-listed stocks, WeBull is a great option for beginners.
- Moomoo SG: Backed by Tencent, Moomoo SG offers competitive fees, fractional shares, and a wide range of research tools.
- Tiger Brokers: Popular with those interested in global markets, Tiger Brokers provides access to US, Hong Kong, and Singapore exchanges.
- Interactive Brokers (IBKR): A robust platform for experienced traders, IBKR offers advanced tools, margin rates, and a wide array of investment products.
- Saxo: With a sophisticated platform and comprehensive research resources, Saxo caters to active traders and investors who value in-depth market analysis.
- CMC Invest: Part of the CMC Markets Group with 30+ years of trading excellence, CMC Invest is a trusted platform known for its transparent fees and 45 free monthly trades across US, SG and other major markets.
- Plus500: Plus500 is a global fintech firm offering commission-free CFD trading on various assets, including stocks, forex, commodities, and cryptocurrencies, through a user-friendly platform.
Comparison of popular brokers
|
Trading Platforms |
Minimum Deposit |
Minimum Spread (USD/EUR) |
Minimum Commission Fee |
Time to Open Account |
|
|
|
Web, Mobile |
S$0 |
Variable |
$0 |
1 day |
|
|
Web, Mobile |
S$0 |
Variable |
$0 |
1 to 3 days |
|
|
Web, Mobile |
US$1,000 |
Variable |
US$0.99 for US stocks 0.03% of trade value for SG stocks |
1 to 3 days |
|
|
Web, Mobile, Desktop |
S$0 |
Variable |
US$1.00 for US stocks S$2.50 for SG stocks |
1 to 3 days |
|
|
Web, Mobile, Desktop |
S$0 |
Variable |
US$0 for US stocks S$3.00 for SG stocks |
1 day |
|
|
Web, Mobile, Desktop |
S$0 |
Variable |
US$3.00 for US stocks S$2.00 for SG stocks |
1 day |
|
|
Web, Mobile, Desktop |
S$200 |
Variable |
$0 |
1 day |
![CMC_Invest_Blue_Cropped[1]](https://www.singsaver.com.sg/hs-fs/hubfs/CMC_Invest_Blue_Cropped%5B1%5D.png?width=91&height=55&name=CMC_Invest_Blue_Cropped%5B1%5D.png)
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Read the latest news about Online Brokerage products in Singapore and the best money saving tips.
Investing through online brokerages explained
Now that you have an overview of some of the best online brokers in Singapore, let's dive deeper into what online brokerages are and how they work.
What is an online brokerage?
An online brokerage is like a digital bridge between you and the financial markets. It provides a platform for you to buy and sell various investment products, such as stocks, bonds, Exchange Traded Funds (ETFs), and more.
Whether you're interested in Singapore-listed companies or exploring opportunities in overseas markets, an online brokerage empowers you to manage your investments with ease and convenience.
How does an online brokerage work?
When you decide to buy or sell an investment product, you'll use your online brokerage account to place an order. The brokerage then executes that order on the stock exchange, acting as the intermediary between you and the market. For this service, they charge a fee or commission, which can vary depending on the broker and the type of transaction.
Unlike a Central Depository (CDP) account, which is where your Singapore shares are held electronically, you can open multiple brokerage accounts with different firms. This allows you to take advantage of various platforms, fees, and investment options.
Types of online brokerage accounts for your investments
When you open an online brokerage account in Singapore, you'll typically have two main choices: CDP-linked accounts and custodian accounts. Understanding the differences between these account types is crucial for making the right decision for your investment needs.
CDP-linked accounts
As the name suggests, a CDP-linked account is directly connected to your Central Depository (CDP) account – the electronic register where your Singapore shares are held. When you buy Singapore stocks through a CDP-linked account, the shares are directly deposited into your CDP account under your name, giving you direct ownership of the shares.
CDP-linked accounts are generally preferred by investors who:
- Primarily invest in Singapore stocks
- Prefer to have direct ownership of their shares
- Want to avoid custodian fees
Custodian accounts
With a custodian account, your shares are held by the brokerage firm on your behalf. This is common for investors buying overseas stocks, as it simplifies the process of dealing with foreign markets and regulations. You can think of it as the brokerage firm acting as a "custodian" for your investments.
Custodian accounts can be beneficial for those who:
- Invest in overseas markets
- Want a simpler way to manage international investments
- Are comfortable with the brokerage holding their assets
Compare the pros and cons of a CDP-linked vs custodian account here.
Online brokerage & investment fees to know
Before you start investing, it's essential to understand the various fees associated with online brokerage accounts. These fees can eat into your returns if you're not careful, so it's crucial to factor them into your investment decisions. Here's a breakdown of the common fees you might encounter:
Commission fees
When you buy or sell any investment, you'll typically incur a commission fee. This is essentially the broker's charge for executing your trade. These fees can vary considerably. For instance, Saxo offers commission-free trading on US stocks but charges S$3.00 for Singapore stocks, while Tiger Brokers charges US$0.99 for US stocks and 0.03% of the trade value for SG stocks.
If you're a frequent trader, prioritise brokers with competitive commission structures, potentially with tiered fees that decrease as your trading volume increases.
Trading fees
Beyond commissions, there are trading fees, a broader category encompassing platform fees, clearing fees, and other charges related to executing your orders. These can range from 0.08% to 0.275% per trade, so it's crucial to carefully review your broker's fee schedule. Custodian accounts tend to have both lower trading fees and minimum commission fees.
Deposit and withdrawal fees
Depositing and withdrawing funds can also incur charges. While many brokers offer free electronic transfers, some may impose a small fee or percentage-based charge. Look for platforms that minimise these costs to avoid unnecessary deductions from your investment capital.
Regulatory and transaction fees
Keep in mind that regulatory and transaction fees can also come into play. These are charges imposed by regulatory bodies or the stock exchange itself. Examples include clearing fees, stamp duties, and transaction levies. These fees can vary depending on the market you're trading in, so factor them into your investment strategy.
Management fees
Some brokers may charge management fees for maintaining your account, particularly for specialised services or custodian accounts. Evaluate these fees against the benefits provided to ensure they align with your investment goals and horizon.
Spreads
When trading assets like forex and CFDs, pay close attention to spreads, the difference between the bid and ask price. Wider spreads can increase your trading costs, so opt for brokers offering tighter spreads where possible.
Expense ratios
If you're investing in ETFs or mutual funds, be aware of their expense ratios. These annual fees cover the fund's operating expenses and are expressed as a percentage of the fund's assets. Lower expense ratios translate to higher net returns over time.
Choosing the right broker for your needs
With a plethora of online brokerage platforms vying for your attention, selecting the right one can feel overwhelming. There's no one-size-fits-all solution, as the ideal broker depends on your individual investment style, preferences, and financial goals.
To help you navigate this decision, consider these key factors:
Fees
As mentioned previously, fees can significantly erode your investment returns, so it's crucial to understand the fee structure of each broker. Look beyond just commission fees and delve into platform fees, deposit/withdrawal fees, and any other charges that might apply.
Consider your anticipated trading frequency and volume. If you plan to trade actively, prioritise brokers with lower commission fees or tiered pricing that rewards higher volume. For long-term investing, be mindful of custody fees and account maintenance fees that can accumulate over time.
Market access
Think about the markets and asset classes you want to invest in. Do you primarily focus on Singapore stocks, or are you interested in exploring international markets like the US or Hong Kong? Ensure the broker offers access to the specific exchanges and instruments you need.
Also, consider whether they offer fractional shares, which allow you to invest in portions of expensive stocks, making them more accessible to smaller investors.
Trading platform interface & UX
The trading platform's user interface and overall experience can significantly impact your investment journey. A clunky or complicated platform can lead to frustration and poor decision-making. Look for a platform that is intuitive, easy to navigate, and offers the features you need.
Consider whether you prefer a web-based platform, a mobile app for trading on the go, or a desktop application with advanced charting tools.
Tools & indicators
For more experienced traders, the availability of advanced charting tools, technical indicators, and research resources is essential. These tools can help you analyse market trends, identify potential trading opportunities, and make informed investment decisions.
Assess the broker's research offerings, including market news, analyst ratings, and educational materials.
Account Types & Minimum Deposit
Different brokers offer various account types with different features and minimum deposit requirements. Consider your investment goals and the level of service you need.
Some brokers cater to casual investors with basic accounts and low minimum deposits, while others target active traders with premium accounts and higher deposit requirements. Choose an account type that aligns with your investment strategy and financial capacity.
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Read the latest news about Online Brokerage products in Singapore and the best money saving tips.
Need some help with investing through online brokerages?
We understand that taking the first step into the world of investing can feel daunting. That's why we're here to answer some common questions and provide clarity on online brokerages.
Frequently asked questions
- Stocks: Shares of ownership in publicly listed companies.
- ETFs: Baskets of securities that track a specific index, sector, or commodity.
- Bonds: Debt securities issued by governments or corporations.
- CFDs: Contracts for Difference allow you to speculate on price movements without owning the underlying asset.
- Indices: Benchmark indicators representing a group of securities, like the Straits Times Index (STI).
- Forex: Foreign exchange involves the trading of currencies.
- Commodities: Raw materials such as gold, oil, and agricultural products.
- Derivatives: Financial contracts that derive their value from an underlying asset.
- Dollar-cost averaging (DCA): This strategy involves investing a fixed amount of money at regular intervals, regardless of market fluctuations. DCA helps to average out your purchase price over time, reducing the risk of buying high and selling low. It's a popular approach for long-term investors who want to minimise emotional decision-making.
- Dividend investing: Focuses on building a portfolio of stocks that pay dividends, providing a regular stream of passive income. Dividend investing is often favored by investors seeking income generation and long-term growth potential.
- Growth investing: This strategy involves investing in companies with high growth potential, often in sectors like technology or healthcare. Growth investors seek capital appreciation by identifying companies that are expected to outperform the market.
- Value investing: Value investors look for undervalued companies with strong fundamentals that the market may have overlooked. They aim to buy these companies at a discount and hold them for the long term, anticipating their price will eventually reflect their true value.
In Singapore, you must be at least 18 years old to open an online brokerage account and start investing.
Online brokerages offer a diverse range of investment products to suit different needs and risk appetites. Depending on the broker you choose, you can invest in:
Yes, you can typically transfer your investments from one brokerage to another. This process is known as a "brokerage transfer" or "account transfer." However, there might be associated fees and paperwork involved, so it's best to check with both brokerages for specific instructions and costs.
This would depend on your risk appetite, investment horizon and financial goals. If you have plans to make frequent trades, you can consider a brokerage that offers the lowest fees in order for you to incur lower costs with each trade.
If you have plans to hold the stocks for the long term, it may be best to use a CDP-linked account so that your holdings are consolidated in your CDP account and you avoid paying any custodian fees.
Common strategies to consider include:
These are just a few examples, and there are many other investment strategies you can explore. It's essential to research and understand different approaches to find the ones that best align with your individual circumstances and investment objectives.
In Singapore, there are generally no capital gains taxes on profits from investments. However, you might incur dividend taxes or withholding taxes on foreign investments, depending on the country and your tax residency status. It's advisable to consult with a tax advisor for personalised guidance on tax implications related to your investments.