Online Brokerage Accounts In Singapore

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moomoo (by Futu SG)

moomoo (by Futu SG)

Welcome GiftFeatured
moomoo (by Futu SG)
US$0.99
Min. Commission FeeUS Stocks
No minimum fees required for each trade on US markets
S$0
Min. Deposit
Start trading with no upfront deposit required
S$0.99
Min. Commission Fee
No minimum fees required for each trade on US or HK markets
Welcome Gift:
Get rewarded with a free Apple (AAPL) share when you make a min. deposit of S$2,700 and five trades on any market. Valid till 2 Oct 2021. T&Cs apply.

Enjoy unlimited commission-free trades for 180 days and free access to Market Data on multiple stock exchanges. T&Cs apply.
Tiger Brokers

Tiger Brokers

Welcome GiftFeatured
Tiger Brokers
S$0
Min. Commission FeeSG Stocks
No minimum fees required for each trade on the SGX
US$1.99
Min. Commission FeeUS Stocks
Minimum US$1.99 fee required for each trade made on US markets
S$0
Min. Deposit
Start trading with no upfront deposit required
Welcome Gift:
Get rewarded with a free Apple share, 500 Tiger Coins, and commission-free trades when you sign up and make a min. deposit of S$2,000. Valid till 30 Sep 2021. T&Cs apply.

Additionally, enjoy 60 commission-free trades for 180 days and free access to Market Data. Valid till 30 Sep 2021. T&Cs apply.
Saxo Markets

Saxo Markets

PopularFeatured
Saxo Markets
S$5
Min. Commission FeeSG Stocks
No minimum fees required for each trade
US$4
Min. Commission FeeUS Stocks
Minimum US$4 fee required for each trade made on US markets
0.6
Min. SpreadUSD EUR
Minimum difference of 0.6 chargeable between bid (actual) and ask (buy) prices
IG

IG

Welcome Gift
IG
S$10
Min. Commission Fee
Minimum S$15 fee required for each trade
0.6
Min. SpreadUSD EUR
Minimum difference of 0.6 chargeable between bid (actual) and ask (buy) prices
0.1%
Min. Trading Fee
Minimum 0.1% fee (of total trading volume) required for each trade made
Welcome Gift:
Get up to S$388 cash when you make a one-time deposit of S$10,000, one CFD trade and one Knock-out CFD trade. Valid till 30 Sep 2021. T&Cs apply.
Interactive Brokers

Interactive Brokers

Popular
Interactive Brokers
S$2.5
Min. Commission FeeSG Stocks
Minimum S$2.50 fee required for each trade on the SGX
US$1
Min. Commission FeeUS Stocks
Minimum US$1 fee required for each trade on the US markets
S$0
Min. Deposit
Start trading with no upfront deposit required
CMC Markets

CMC Markets

CMC Markets
S$10
Min. Commission Fee
Minimum fee of $10 required for each trade
0.7
Min. SpreadUSD EUR
Minimum difference of 0.3 chargeable between bid (actual) and ask (buy) prices
0%
Min. Trading Fee
Minimum 0.10% fee (of total trading volume) incurred for each trade on the SGX
StashAway

StashAway

SingSaver's Exclusive OfferFeatured
StashAway
0.2%
Min. Annual Management Fee
Minimum fee of 0.2% per year, charged as a percentage of your total portfolio value
S$0
Annual Platform Fee
No annual fee is required for use of StashAway’s platform
S$0
Min. Deposit
Start investing with no upfront deposit required
SingSaver's Exclusive Offer:
Enjoy a 6-month management fee waiver. Valid for the first S$40,000 invested. T&Cs apply.
POEMS

POEMS

Popular
POEMS
S$0
Min. Commission FeeSG Stocks
No minimum amount required to pay for each trade on SGX
US$1.88
Min. Commission FeeUS Stocks
No minimum amount required to pay for each trade on US markets
S$0
Min. Deposit
Start trading with no upfront deposit required
Endowus

Endowus

Welcome GiftFeatured
Endowus
0.25%
Min. Annual Management Fee
S$0
Annual Platform Fee
S$1,000
Min. Deposit
Welcome Gift:
Enjoy S$20 off access fees when you make a min. deposit of S$1,000. T&Cs apply.
City Index

City Index

Welcome Gift
City Index
S$10
Min. Commission Fee
Minimum fee of $10 required for each trade
0.5
Min. SpreadUSD EUR
Minimum difference of 0.5 chargeable between bid (actual) and ask (buy) prices
0.08%
Min. Trading Fee
Minimum 0.08% fee (of total trading volume) incurred for each trade on the SGX
Welcome Gift:
Enjoy a one-year all-access membership to The Wall Street Journal (worth S$480) when you make a min. deposit of S$6,500 upon account opening. T&Cs apply.

SingSaver Explains: Investments

With so many types of Investments available, it can get a little confusing. Here’s all the information you need about Investments to make smarter financial decisions.

What is an online brokerage?

An online brokerage facilitates the buying and selling of a financial instrument. You will need a brokerage account to buy and sell investment products, be it on the Singapore Exchange or in overseas markets. The products include equities, fixed income products, Exchange Traded Funds (ETFs) and more.

How does an online brokerage work?

The online brokerage will execute your buy or sell transaction on the financial markets, based on your selection and inputs within their brokerage platform. This is done for a fee or commission. Unlike a Central Depository (CDP) account, you can open multiple brokerage accounts with different brokerage firms.

Types of online brokerage accounts for your investments

In Singapore, you can choose between a CDP-linked account or a custodian account. CDP-linked accounts are an option if you are purchasing Singapore stocks. A custodian account can be referred to as a pre-funded or cash upfront account. You have to use a custodian account if you are buying or selling overseas stocks.

Compare the pros and cons of a CDP-linked vs custodian account here.

Online brokerage fees

You will incur a trading fee when you use an online brokerage account, which ranges from 0.08% to 0.275% per trade. CDP-linked brokerage accounts offer lower trading fees for larger trade sizes. If you are trading a small amount, do keep in mind that brokerages could impose a minimum commission fee of S$10 to S$25.

Custodian accounts have lower trading fees and minimum commission fees. However, you could incur an additional custodian fee or platform fee.

Best online brokerages in Singapore

What constitutes the best online brokerage depends on your investment decisions and personal preference. Are you looking to buy stocks listed on the Singapore Exchange or on overseas markets? How often do you plan to trade?

To help you with your decision, you can check out this article on the best brokerage accounts in Singapore.

Need some help?
No worries, we've got you covered!
What are some products I can invest in with an online brokerage?

Depending on the online brokerage account you open, products available for you to trade include:

  • Stocks
  • Exchange Traded Funds (ETFs)
  • Bonds
  • CFDs
  • Indices
  • Forex
  • Commodities
  • Derivatives
How to choose the right online brokerage platform for investment?

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’s best to use a CDP-linked account so that your holdings are consolidated in your CDP account and you avoid paying any custodian fees – they can stack up.


Read this article on the best brokerage accounts in Singapore for more details.
What is the difference between stocks and contract for difference (CFD)?

When you purchase stocks, you have to take ownership of the stocks, be it in your custodian or CDP account. When you trade a CFD, you do not own the underlying shares. Rather, you speculate on the share price by buying a contract between you and the CFD provider.

When trading CFDs, you also enjoy the use of leverage whereby you do not have to fork out the full market value of the share to make the trade.

How to choose the best brokerage firm?

You can choose a brokerage firm based on factors such as:

  • Fees
  • Investment products available
  • Market access
  • Perks given through promotions
  • Tools and indicators provided
  • Investment insights and educational materials available
  • Platform interface and user experience
What are the different investment strategies you can employ when using an online brokerage?

There are many different investing strategies which point towards different financial goals and appeal to different risk appetites. For example, some investors invest for capital gains while others might focus on building a dividend income stream.

An important factor is to understand whether you are investing for the short or long term as this would affect your investment horizon. One underlying investment strategy is to focus on time in the market, to start investing as early as possible and to stay invested despite market volatility.

Confused about Online Brokerage terms?

Glossary terms to know for first-time online brokerage users

SingSaver

© 2015 - 2021 SingSaver PTE LTD. All rights reserved. This online platform is operated by SingSaver Pte. Ltd. and by continuing to use www.singsaver.com.sg (the “SingSaver Website”) or by carrying out a transaction on the SingSaver Website, users are deemed to have agreed with the Terms and Conditions and Privacy Policy of the SingSaver Website. All insurance product-related transactions on the SingSaver Website are arranged and administered by SingSaver Insurance Brokers Pte. Ltd., a wholly owned subsidiary of SingSaver Pte. Ltd. SingSaver Insurance Brokers Pte. Ltd. is a licensed and authorised broker regulated by the Monetary Authority of Singapore (“MAS”). SingSaver Pte. Ltd. (which administers all other financial products on the SingSaver Website) is not regulated by MAS. SingSaver is located at 89 Neil Road, #03-01, Singapore 088849.

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