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Best Online Investment Brokerage Accounts in Singapore

Taking the first step on your investment journey? Check out the best online brokerage platforms on SingSaver and start investing in stocks, CFDs, and more!

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FEATURED
Webull Singapore

Webull Singapore

Min. Annual Management Fee
0  %
Annual Platform Fee
S$ 0.8
Min. Deposit
S$ 0

5 Offers Available

March Madness Grand Lucky Draw
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

SingSaver Exclusive Offer
Up to S$120 Cash via PayNow
Up to S$120 Cash via PayNow

Valid until

25 March 2024

Welcome Offer
Up to USD 3,150 of transfer-in rewards
Up to USD 3,150 of transfer-in rewards

Valid until

01 April 2024

Welcome Offer
Up to USD 5,000 worth of free shares
Up to USD 5,000 worth of free shares

Valid until

01 April 2024

Welcome Offer
USD 2,500 worth of shares + USD 450 worth of trading vouchers
USD 2,500 worth of shares + USD 450 worth of trading vouchers

Valid until

01 April 2024

FEATURED
Tiger Brokers

Tiger Brokers

Min. Commission Fee (SG Stocks)
S$ 0
info
Min. Commission Fee (US Stocks)
US$ 0
info
Min. Deposit
S$ 0
info

3 Offers Available

March Madness Grand Lucky Draw
1x chance to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
1x chance to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

SingSaver Exclusive Offer
Up to S$200 Cash via PayNow
Up to S$200 Cash via PayNow

Valid until

31 March 2024

Welcome Offer
Up to USD 888 worth of rewards, 8% p.a. bonus interest, and 3 months SGX LV2 advanced quotes
Up to USD 888 worth of rewards, 8% p.a. bonus interest, and 3 months SGX LV2 advanced quotes

Valid until

31 March 2024

FEATURED
moomoo SG

moomoo SG

Min. Commission Fee (SG Stocks)
S$ 0
info
Min. Commission Fee (US Stocks)
US$ 0
info
Min. Deposit
S$ 0
info

3 Offers Available

March Madness Grand Lucky Draw
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

SingSaver Exclusive Offer
Up to S$130 Cash via PayNow
Up to S$130 Cash via PayNow

Valid until

31 March 2024

Welcome Offer
Up to S$540* worth of US stocks and up to 6.8%^ p.a. returns
Up to S$540* worth of US stocks and up to 6.8%^ p.a. returns

Valid until

01 April 2024

Webull Singapore

Webull Singapore

Min. Annual Management Fee
0  %
Annual Platform Fee
S$ 0.8
Min. Deposit
S$ 0

5 Offers Available

March Madness Grand Lucky Draw
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
3x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

SingSaver Exclusive Offer
Up to S$120 Cash via PayNow
Up to S$120 Cash via PayNow

Valid until

25 March 2024

Welcome Offer
Up to USD 3,150 of transfer-in rewards
Up to USD 3,150 of transfer-in rewards

Valid until

01 April 2024

Welcome Offer
Up to USD 5,000 worth of free shares
Up to USD 5,000 worth of free shares

Valid until

01 April 2024

Welcome Offer
USD 2,500 worth of shares + USD 450 worth of trading vouchers
USD 2,500 worth of shares + USD 450 worth of trading vouchers

Valid until

01 April 2024

Tiger Brokers

Tiger Brokers

Min. Commission Fee (SG Stocks)
S$ 0
info
Min. Commission Fee (US Stocks)
US$ 0
info
Min. Deposit
S$ 0
info

3 Offers Available

March Madness Grand Lucky Draw
1x chance to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
1x chance to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

SingSaver Exclusive Offer
Up to S$200 Cash via PayNow
Up to S$200 Cash via PayNow

Valid until

31 March 2024

Welcome Offer
Up to USD 888 worth of rewards, 8% p.a. bonus interest, and 3 months SGX LV2 advanced quotes
Up to USD 888 worth of rewards, 8% p.a. bonus interest, and 3 months SGX LV2 advanced quotes

Valid until

31 March 2024

moomoo SG

moomoo SG

Min. Commission Fee
S$ 0
info
Min. Deposit
S$ 0
info
Min. Spread (USD EUR)
0.6

3 Offers Available

March Madness Grand Lucky Draw
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
2x chances to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

SingSaver Exclusive Offer
Up to S$130 Cash via PayNow
Up to S$130 Cash via PayNow

Valid until

31 March 2024

Welcome Offer
Up to S$540* worth of US stocks and up to 6.8%^ p.a. returns
Up to S$540* worth of US stocks and up to 6.8%^ p.a. returns

Valid until

01 April 2024

CMC Invest

CMC Invest

Min. Commission Fee (SG Stocks)
S$ 3
info
Annual Platform Fee
S$ 0
Min. Deposit
S$ 0

4 Offers Available

March Madness Grand Lucky Draw
1x chance to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)
1x chance to win a pair of Round Trip Business Class tickets to Tokyo (worth S$13,144)

Valid until

31 March 2024

SingSaver Exclusive Offer
Up to S$20 bonus cash and 1x Bank of America (NYSE:BAC) share worth S$46
Up to S$20 bonus cash and 1x Bank of America (NYSE:BAC) share worth S$46

Valid until

31 March 2024

Welcome Offer
1x Tesla Inc. share (NASDAQ: TSLA)
1x Tesla Inc. share (NASDAQ: TSLA)

Valid until

31 August 2024

Welcome Offer
1x Nike Inc. share (NYSE:NKE)
1x Nike Inc. share (NYSE:NKE)

Valid until

31 May 2024

City Index

City Index

Min. Commission Fee
S$ 8
info
Min. Spread (USD EUR)
0.5
info
Min. Trading Fee
0.08  %
info

2 Offers Available

SingSaver Exclusive Offer
S$50 Cash via PayNow
S$50 Cash via PayNow

Valid until

31 March 2024

Welcome Offer
50% cashback up to S$888
50% cashback up to S$888

Valid until

31 March 2024

IG

IG

Min. Commission Fee (SG Stocks)
S$ 10
info
Min. Spread (USD EUR)
0.6
info
Min. Trading Fee
0.1  %
info

Offer Available

Welcome Offer
Up to S$150 rebates on spread or commission
Up to S$150 rebates on spread or commission

Valid until

31 March 2024

CMC Markets

CMC Markets

Min. Commission Fee (SG Stocks)
S$ 10
info
Min. Spread (USD EUR)
0.5
info
Min. Trading Fee
0  %
info

Things to consider for this product:

check

Popular

OANDA

OANDA

Min. Commission Fee
S$ 50
info
Min. Spread (USD EUR)
0.6
info
Min. Trading Fee
0  %
info
Saxo Markets

Saxo Markets

Min. Commission Fee (SG Stocks)
S$ 3
info
Min. Commission Fee (US Stocks)
US$ 1
info
Min. Deposit
S$ 0
info

2 Offers Available

Welcome Offer
Free Upgrade to Platinum tier account
Free Upgrade to Platinum tier account

Valid until

30 June 2024

Welcome Offer
Up to S$750
Up to S$750

Valid until

31 March 2024

Things to consider for this product:

check

Popular

Interactive Brokers

Interactive Brokers

Min. Commission Fee (SG Stocks)
S$ 2.5
info
Min. Commission Fee (US Stocks)
US$ 1
info
Min. Deposit
S$ 0
info
Revolut Stocks

Revolut Stocks

Min. Commission Fee (US Stocks)
US$ 0.99
Min. Deposit
S$ 0
Min. Trading Fee
0  %
uSMART SG

uSMART SG

Min. Commission Fee (SG Stocks)
S$ 0
info
Min. Deposit
S$ 0
info
Min. Trading Fee
0  %
info
HSBC Everyday Global Account

HSBC Everyday Global Account

Min. Deposit
S$ 0
Min. Commission Fee (SG Stocks)
S$ 10
Min. Commission Fee (US Stocks)
US$ 10
ProsperUs by CGS-CIMB

ProsperUs by CGS-CIMB

Min. Commission Fee (SG Stocks)
S$ 0
Min. Commission Fee (US Stocks)
US$ 5
Min. Deposit
S$ 0
Endowus

Endowus

Min. Annual Management Fee
0.25  %
Annual Platform Fee
S$ 0
Min. Deposit
S$ 1,000
Stashaway

Stashaway

Min. Annual Management Fee
0.2  %
info
Annual Platform Fee
S$ 0
info
Min. Deposit
S$ 0
info
POEMS

POEMS

Min. Commission Fee (SG Stocks)
S$ 0
info
Min. Commission Fee (US Stocks)
US$ 1.88
info
Min. Deposit
S$ 0
info
DBS digiPortfolio

DBS digiPortfolio

Min. Annual Management Fee
0.75  %
Annual Platform Fee
S$ 0
Min. Deposit
S$ 1,000
Maybank Securities

Maybank Securities

Min. Commission Fee (SG Stocks)
S$ 25
info
Min. Commission Fee (US Stocks)
US$ 20
info
Min. Deposit
S$ 0
info

Things to consider for this product:

check

Popular

UOB Kay Hian

UOB Kay Hian

Min. Commission Fee (SG Stocks)
S$ 25
info
Min. Commission Fee (US Stocks)
US$ 20
info
Min. Deposit
S$ 0
info
Syfe

Syfe

Min. Annual Management Fee
0.4  %
Annual Platform Fee
S$ 0
Min. Deposit
S$ 0
MoneyOwl

MoneyOwl

Min. Trading Fee
0  %
Min. Deposit
S$ 50
info
Min. Annual Management Fee
0  %
info
Plus500

Plus500

Min. Commission Fee
S$ 0
Min. Spread (USD EUR)
0.8
Min. Trading Fee
0  %

Latest Online Brokerage News

Read the latest news about Online Brokerage products in Singapore and the best money saving tips.

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 with online brokerages?

No worries, we've got you covered!

What are some products I can invest in with an online brokerage?

expand_more

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?

expand_more

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 thbest brokerage accounts in Singapore for more details.

What is the difference between stocks and contract for difference (CFD)?

expand_more

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?

expand_more

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?

expand_more

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