Top 6 Best Investment & Trading Apps in Singapore 2024

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

 & 

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.

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Richard Stutely

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Updated:  Jul 22, 2024

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15 min read

Trade your favourite markets with our top-rated broker, Plus500.

4.5/5

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Visit site

Singapore’s investment scene is rapidly changing. The global surge in online trading has resulted in a massive increase in the number of Singaporeans using mobile apps to trade and invest. This growth means fierce competition among top trading app providers which can make picking one a difficult task. 

But fear not, we’re here to help and this guide cuts through the noise to help you find the best trading apps in Singapore. Our team of expert traders have researched and reviewed every major Singaporean trading app. 

We haven’t just compiled a list, we’ve gone the extra mile to ensure you make the best decisions. We’ve prioritised a core set of essential features that every app should offer. Fees, user-friendliness, intuitive navigation, and easy access are just a few of the features we assessed. 

Besides these core functionalities, we took into consideration real world user experience to help provide a well-rounded perspective on each app. Read on to find the best 6 trading apps in Singapore for 2024 and gain valuable insights into each app’s strengths and weaknesses. 

Best Singapore investment apps overall 

What is the best Singapore trading app?

Our expert panel rates Plus500 the top stock trading app in 2024.

Below are the top trading apps, based on extensive testing and market research. You can filter and sort them according to the features you think are most important, or read on to learn more about each app in detail.

Most popular

1

Min. Deposit

-

Best offer

User Score

9.9

Trade +2000 CFDs on Shares, Options, Commodities & more

Unlimited risk-free Demo Account

0 commissions & attractive spreads with up to 1:5 leverage

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill

Full Regulations:

ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2

Min. Deposit

-

Best offer

User Score

9.8

Zero Commission when trading US shares, only £3 commission for UK shares. Additionally, there’s an FX conversion fee of just 0.5%

Explore a vast range of stocks with 13,000+ options, including popular companies like Amazon, Apple, Tesla, and Netflix.

Offers longer trading hours, allowing you to access markets even when they’re closed elsewhere.

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Wise

Full Regulations:

ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

3

Min. Deposit

-

Best offer

User Score

9.7

Open an MT5 account to go long or short on 250 of the largest US, Australian, and European stocks

Instruments in 21 time-frames and 80 pre-installed indicators

Multi jurisdiction regulation by ASIC and VFSC

Start Trading more info

Payment Methods:

Bank Transfer, Bitcoin, Debit Card, PayPal, neteller, Credit Card, Wire Transfer, Cryptocurrencies, FasaPay, PayRetailers, POLi, Wise, Worldpay, skrill

Full Regulations:

ASIC, CySEC, FCA

74-89% of retail CFD accounts lose money

6 top trading apps in Singapore, reviewed

1. Best for international CFD trading*

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From 0.08%

Fees

$...

Minimum deposit

2800

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to thousands of shares from across the world including CapitaLand, Keppel, SGX, Meta, Apple and Alphabet.

Plus500 has something for all types of traders, no matter what level of experience. Its share trading leverage extends up to 1:10 and its tight spreads starting from 0.6pips make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

One of the features we like most about Plus500 is its fee structure. Not only will you pay S$0 for funding your account or withdrawing profits, but you’ll also have zero commissions. Add that to low spreads and Plus500 is one of the top-rated CFD brokers for traders looking to capitalise on share price movements.

For accurate instrument availability, visit plus500.com.

The fees: Plus500 is a commission free brokerage and makes its money through the Bid/Ask spread. Spreads are variable and typically depend on the market you’re trading, but start from 0.6 pips. An inactivity fee of S$10 is applicable if you don’t log into your account for 3 months. Rollovers, conversion fees, and guaranteed stops may also apply.  

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Features	Plus500 summary
No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC
View more >	Plus500 >

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Eightcap. Best online broker for choice of trading platform

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Up to $3.5 RT

Fees

$...

Minimum deposit

800

No. assets

Yes

Demo/virtual account

Pros & Cons

Low trading fees for CFDs Trade directly from the TradingView platform Regulated by top-tier authorities Leverage up to 1:500 Partnered with multiple proprietary trading firms

Some markets are not available to all regions Customer support does not operate 24/7

Overview

We love Eightcap because it is a versatile multi-platform brokerage that is suitable for all types of traders. In Singapore, Eightcap offers easy access to TradingView, MetaTrader 4, MetaTrader 5, and Flash Trade, letting you choose the platform that best suits your trading style. 

In addition to a selection of cutting-edge trading platforms, Eightcap gives access to CapitaliseAi. This handy tool allows you to automate your strategies using simple, code-free instructions, enhancing your trading efficiency.

With Eightcap you’re able to trade a wide range of stocks including Apple, Microsoft, Tesla, and more.  All stocks are traded via CFDs which means you’ll be able to keep your costs down and use leverage up to 5:1 while diversifying your trading portfolio without needing multiple accounts. 

The fees: Eightcap is a CFD broker and charges spread, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $4 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

Features	Eightcap summary
No. of tradable assets	800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Cryptocurrencies, Commodities, Currencies, Indices
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC
View more >	Eightcap >

Visit Eightcap Eightcap Review

74-89% of retail CFD accounts lose money

3. Pepperstone. Best low spread & no commission broker

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0.20%

Fees

$...

Minimum deposit

60

No. assets

Yes

Demo/virtual account

Pros & Cons

Zero commission on trades Hedging, scalping, and crypto CFD trading available Lots of deposit and withdrawal options, including PayPal

No guaranteed negative balance protection in some jurisdictions No option to purchase stocks or bonds directly, only CFDs and spread betting available

Overview

We love Pepperstone because it is a low fee and low commission CFD brokerage, making it an excellent choice for Singaporean traders looking to keep trading costs down. Pepperstone offers some of the most competitive spreads in the industry, with no commission on its Standard account and low commissions on its Razor account. 

Pepperstone is also well known for its top tier regulatory protection. The broker is regulated by the Financial Conduct Authority (FCA) in the UK,  the Australian Securities and Investments Commission (ASIC) in Australia, and more, which means it follows stringent rules. Pepperstone also offers a wide selection of shares  from several of the world’s largest markets. 

One of the features we found most useful when using Pepperstone is the variety of trading platforms. You can choose from TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, each providing a unique set of features and tools. 

The fees: US share trades are charged a $0.02 commission per share. UK and German share trades are charged a 0.1% commission, while for Australian shares, it’s 0.07%.

Highlights

Features	Pepperstone summary
No. of tradable assets	1200+
Min. Deposit	No minimum
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Cryptocurrencies, Commodities, Currencies, Indices, ETFs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	CMA, SCB, DFSA, ASIC, FCA, CySEC, BaFin
View more >	Pepperstone >

All supported assets are CFDs.

Visit Pepperstone Pepperstone Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7%of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Refer to our RDN and other legal documents. Pepperstone Markets Limited, SCB no. SIAF217.

What is a Singaporean trading app?

It’s an application that allows you to trade financial markets from your mobile device. Most brokers offer the ability to use their platforms via an app and can be accessed by either a smartphone or tablet. 

When using a Singaporean trading app you will usually be able to carry out the same functions as you can on a broker desktop platform. 

How does an investment app work?

To use a trading or investment app you need to first register with one of the best brokerage accounts in Singapore. Once your account is created you simply download an app to access your account on the go.

Singaporean trading apps let you monitor and analyse the markets from your mobile device. You can buy and sell assets as well as carry out technical analysis on price charts. 

Types of trading & investment apps in Singapore

The financial industry in Singapore is growing, which means there are various types of trading apps available depending on your requirements. For investors wanting access to the whole market, several all-encompassing apps are available. For a more specific approach, niche apps can be downloaded. 

Here’s a look at the types of trading apps in Singapore:

• Stock trading app. This is generally the most common type of trading app in Singapore and gives you access to local and international stock markets. Usually, you’ll also be able to invest in and trade other assets like ETFs, funds, and even bonds. 
• DIY investment apps. The best investment apps in Singapore let you manage your own money and choose which stocks you want to own for long term capital growth. Typically these services let you take ownership of individual stocks, earn dividends, and reinvest money back into your portfolio.
• Robo investing apps. These are apps from the best robo advisors in Singapore that automate most of the investment process for you. You set the overall guidelines and let the automated service manage your investments.
• Forex trading app. Forex trading in Singapore is a popular asset class which has resulted in a large number of apps entering the market. The best forex trading app in Singapore will allow you to trade the biggest currencies in the world. Many of these apps let you trade forex CFDs. 
• Crypto trading app. If you’re interested in the world of digital currencies, then using a crypto trading app is a good option. The best crypto trading apps in Singapore let you trade and invest in a wide range of crypto tokens like Bitcoin, Ethereum, and more. 

How should I choose the best trading app for me?

When selecting a trading app in Singapore, it’s important to consider several factors to make sure you find the one that best suits your investment goals, risk tolerance, and trading style. 

The right app can provide you with a seamless and secure trading experience, while the wrong choice can lead to frustration and potentially costly mistakes. 

We asked our investment experts for some tips you can use to find the best Singaporean trading app: 

Regulation and security should be your primary concerns. 

Make sure the trading app is licensed and regulated by the Monetary Authority of Singapore (MAS). Regulation is key and indicates the app meets strict financial standards and provides a secure trading environment. 

To protect your account and personal information, look for robust security measures, such as two-factor authentication and advanced encryption. You should also consider the trading app’s record in protecting client funds and preventing unauthorised access. 

The user-friendly interface of the trading app is also crucial. 

One of the main advantages of using an app is making it easy to purchase and sell assets like stocks, forex, and crypto. You want to be able to find your way around and use all the features available. If you’re a beginner this is even more important, you want useful information to be laid out in a way you can understand as you learn.

The range of supported assets and markets is another important consideration. 

These days, the best trading apps in Singapore let you access a wide range of markets so before you use one, make sure the assets you want to trade are available. Top Singaporean trading apps offer access to cryptocurrencies, stocks, foreign exchange, and more. You’ll also be able to trade local and international markets when using a Singapore investment app. 

Examine the trading fees and commissions associated with the app. 

Carefully review the fee structure, including trading commissions, account maintenance fees, and any other charges. Compare the fees across different trading apps to ensure you’re getting a competitive rate. 

All trading apps in Singapore will have a slightly different fee schedule, so take the time to compare. It’s also important to check fees for specific assets. For example, Singaporean crypto apps may offer better commissions for digital assets when compared to generic trading apps. 

Evaluate the educational resources and market insights provided by the trading app. 

Look for features that offer tutorials, webinars, and market analysis to help you enhance your trading knowledge and skills. Look at the app’s ability to deliver real-time market updates, economic news, and research reports to support your investment decisions. 

Some of the best trading apps in Singapore will let you customise what information you receive. If you’re interested in currencies, you can use a Singaporean forex trading app for tailored FX analysis and market news. 

Customer support and responsiveness are also crucial factors to take into account. 

Assess the quality and availability of the app’s customer service, including phone, email, and chat channels. Evaluate the app’s responsiveness in addressing your questions or concerns, as this can be crucial during times of market volatility. Look for an app with a track record of resolving customer issues and complaints efficiently and effectively.

Consider what features are available.

These can be very useful when you start trading. If you’re going to do the work yourself, you want to be able to study a stock’s performance before you invest. Look out for apps that offer charts you can do some technical analysis on. Other tools worth looking for are comparison features, say between a fund’s performance and the market average.

Quick answers to key questions

Can I trade on Android and iOS devices?

Yes. Most investing apps are available on both operating systems. A few are exclusive to one or the other, but you can easily find out which ones are available on your phone by going to the Google Play store or the App Store.

Do I have to verify my identity with a trading app?

Yes, usually there is some form of verification but the methods vary. Expect to have to provide some contact details and a form of photo ID to prove who you are before you can trade.

Do apps charge fees for trading?

Some do, some don’t. Those aimed at retail investors have led the charge towards free trading. Traditional brokers have been forced to reduce their fees to compete but often do still charge. 

Exactly how they charge varies widely. It could be a fixed rate, a percentage of the trade value, or some let you perform a certain amount of trades a month for free. It’s very important to check this before you start. Here’s a look at the types of fees you may encounter for using a trading app.

What are the fees for trading apps?

Each investing app will have its own fees and it will depend on your broker’s terms and conditions. Most modern apps are free to download and offer zero-fee trading. More established brokers tend to charge a flat fee per trade, or a monthly subscription. The cost of using that type of broker to trade can range from a few dollars to S$10 or more.

You need to decide what you want the app to do before you choose one. There are services aimed at day traders, others for long term investors, and still more that use artificial intelligence to invest your money for you. Here are some of the top stock apps, whatever your goals are.

Can I use multiple apps at the same time?

Yes. You can have as many as you like. Some traders prefer to have a few different apps for different asset classes. However, it’s usually easiest to use just one app so that all of your investments are in one place.

Is a mobile trading app better than a desktop version?

That will depend on your own requirements. Desktop versions sometimes have more features and are generally easier to use. However mobile apps give a lot of flexibility and you can check on your trades even on the go. 

Are investment apps regulated in Singapore?

Yes, in a manner of speaking. The stockbrokers themselves are strictly regulated by financial authorities across the world, including the MAS in Singapore, and have to put in place lots of consumer protections. So if you choose a respected, established company then you can be confident their app is regulated too.

Do I have to pay tax on trading & investments in Singapore?

On some assets, yes. Traditionally there has been no capital gains tax in Singapore, as all tax is charged on income rather than the disposal of assets. But from January 2024 you do have to pay tax on the sale of any foreign asset (which includes things like shares in foreign companies).

The capital gains tax charged on these assets is a minimum of 10%, though some people may be exempt and foreign companies with substantial operations in Singapore are exempt – it’s not always clear what qualifies as substantial operations.

The Inland Revenue Authority of Singapore (IRAS) is the official tax authority of the government of Singapore. It’s a good idea to check with them to see if you have to pay any capital gains tax on your investments.

Should I use a trading/investment app in Singapore?

If you plan on trading the stock market then using an app to do so is a good idea. Most traders use a combination of both desktop and mobile applications and both have their benefits. A desktop app may offer a few more features that are not available on a mobile app, however, mobile apps offer a great deal of flexibility.

The best stock trading apps in Singapore incorporate most of the functionality of their desktop versions and make buying and selling stocks from your device an easy process. These apps offer the freedom to check on your trades even when you’re not at your computer and make it easy to spot new opportunities very quickly. 

What are the risks of using a stock trading app?

There is a high risk of losing money from trading, particularly if you’re new or inexperienced. That risk applies whether you trade via a stock trading app or on your desktop. The convenience and ease of using an app to trade can add more risk, because you can open and close a trade from anywhere.

It’s important to stay disciplined when you trade. Create a list of rules in advance to set out the conditions that must be met before you open a trade and the maximum you’re prepared to lose on any one trade. Similarly, set hard and fast rules for when to take profit.

In short, you should make stock trading decisions based on strict guidelines set when you have a clear head. Trading becomes significantly more risky when you make emotional decisions in the heat of the moment. Below is a short summary of the risks, as well as the benefits, of using an app to trade stocks.

If you’re still undecided on if you want to use a trading app in Singapore then you can use the pros and cons below to help you make up your mind.

User reviews: your verdict on the best trading apps

We conduct regular surveys to get an idea of what the Invezz community feels about a particular app or service. We also welcome feedback from readers as to which apps they like and why. This information from real users factors into the overall ranking and helps us find the top trading app in Singapore.

Below you can see the results of our surveys and browse through user reviews to find out what other people thought about each service. Use this to help you come to a final decision about which app to use.

FAQs