Compare 6 best robo advisors for beginners in Singapore April 2025

Compare the best robo advisors in Singapore to find the perfect digital investment assistant tailored to your financial goals.

Written by

Updated on Jul 17, 2024

Reading time 13 minutes

In page navigation

Whether you’re saving for a new home, planning for retirement, or just want to see your money grow, robo advisors can be a great tool. They’re known for being cost-effective, easy to use, and accessible to everyone from the comfort of your couch.

This guide walks you through the top robo advisors in Singapore. We compare their features, fees, and services, making it easy for you to find the one that best fits your needs. Our aim is to provide you with clear, unbiased information so you can make an informed decision on how to invest with confidence.

So, let’s embark on this journey together and explore how these digital robo investors in Singapore can make investing a more secure and rewarding experience for you.

Our picks: best Singapore robo-advisors overall for 2024

4.4

IG Markets

Min. Deposit n/a

Fees Spread only

No. assets 17000+

Demo account Yes

Visit site

IG review

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.

4.5

Eightcap

Min. Deposit $100

Fees Up to $3.5 RT

No. assets 800+

Demo account Yes

Visit site

Eightcap review

74-89% of retail CFD accounts lose money

4.3

AvaTrade

Min. Deposit $100

Fees From 0.13%

No. assets 1250+

Demo account Yes

Visit site

AvaTrade review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

4.3

Pepperstone

Min. Deposit n/a

Fees $7 RT

No. assets 1200+

Demo account Yes

Visit site

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.

Best robo advisors in Singapore

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

Visit site

Best robo advisors in Singapore

Min. Deposit n/a

Fees -

No. assets n/a

Demo account -

Visit site

What is the best robo advisor in Singapore?

These are the best robo advisors in Singapore, each with a range of investment options to accommodate various budgets and risk preferences.

Click on the links in the table to begin your journey, or continue reading for a detailed comparison of these Singaporean robo investors.

We found 22 online brokers for users based in

1. IG Markets: Best for trusted and transparent trading

Ratings

Min. deposit

From 0.5%

Fees

17,000

No. assets

Yes

Demo account

Overview

We love IG because it’s one of the most established and reputable names in the online trading industry, known for its reliability, comprehensive market offerings, and strong regulatory compliance. IG offers CFD trading in stocks, forex, commodities, indices, ETFs and more, with plenty of useful plugins and integrations to improve the trading experience.

One of the key strengths of IG Markets is its seamless integration with MetaTrader 4 (MT4), a popular third-party trading platform favored by many traders for its advanced charting tools, automated trading capabilities, and custom indicators. This integration allows users to leverage MT4’s sophisticated features while benefiting from IG Markets’ competitive pricing, reliable execution, and extensive market access.

Beyond its product range and platform integrations, IG Markets stands out for its commitment to education and customer support. The company offers a wealth of educational resources, such as webinars, tutorials, and market analysis, which help traders of all levels improve their knowledge and skills.

The fees: For most assets, you don’t pay a trading fee but will be charged through the spread instead. That’s the difference between the buy and sell price of an asset. IG’s spreads are competitive but variable: you’ll pay a smaller spread on popular assets compared to less popular ones. Share trading works differently, and you’ll be charged a minimum fee on each trade of at least $15.

Highlights

Fees & Costs

Pros & Cons

Read review Visit IG Markets

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

4.5

Ratings

$100

Min. deposit

Up to $3.5 RT

Fees

800

No. assets

Yes

Demo account

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors.

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap has over 40 forex pairs available, including the majors, minors, and some exotic crosses.

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 $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

Fees & Costs

Pros & Cons

Read review Visit Eightcap

74-89% of retail CFD accounts lose money

3. AvaTrade. Best regulated broker for secure trading

Ratings

$100

Min. deposit

From 0.13%

Fees

1,300

No. assets

Yes

Demo account

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various currency markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs for multiple forex pairs including EUR/USD, GBP/USD, USD/JPY, and more.

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world.

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology.

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Forex spreads start at 0.7 pips. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Fees & Costs

Pros & Cons

Read review Visit AvaTrade

4. Pepperstone. Best low spread & no commission broker

Ratings

Min. deposit

0.20%

Fees

1,200

No. assets

Yes

Demo account

Overview

We love Pepperstone because it is a low fee and low commission CFD brokerage, making it an excellent choice for 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 both the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), which means it follows stringent rules. Pepperstone also offers over 90 currency pairs from the majors, minors, and exotics.

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: Forex trades are commission free, as Pepperstone makes money from the Bid/Ask spread. The spreads vary depending on the asset you want to trade. Razor (pro) account customers get significant discounts on the spreads. Spreads are as low as 0.00 points on EUR/USD and no commissions.

Highlights

Fees & Costs

Pros & Cons

Read review Visit Pepperstone

5. FP Markets. Best for low spread & 0-pip trading

Ratings

Min. deposit

...

Fees

No. assets

Demo account

Overview

We love FP Markets because it uses cutting-edge technology to ensure all stock trades are executed at lightning fast speed. It’s an award-winning broker and offers over 10,000 Australian and international share CFDs and stock CFDs across 4 continents.

FP Markets has zero restrictions and allows all trading styles, including scalping and running expert advisors. Stock CFDs can be traded directly from its Metatrader 5 platform or via Iress, which gives direct market access to multiple global exchanges such as the Nasdaq, NYSE, and London stock exchange.

The fees: FP Market charges commission for all stock trades. For Australian stocks, its 0.05%, Hong Kong stocks, 0.20%, UK 0.10%, European 0.10%, and USA stocks are 2 cents per share.

Highlights

Pros & Cons

Read review Visit

CFDs are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

What is a robo investor?

A robo advisor is a digital investment platform that provides automated, algorithm-driven financial planning services with little to no human supervision.

A typical robo advisor collects information from clients about their financial situation and future goals through an online survey, and then uses this data to offer advice and automatically invest your assets.

How does a robo advisor work?

Robo advisors work by using algorithms to analyse your financial data and investing goals, which you provide through an online questionnaire. Based on this information, they create and manage an investment portfolio for you.

They often use investment vehicles like ETFs (exchange-traded funds) to build these portfolios, considering factors like risk tolerance, investment timelines, and specific goals. These investments allow for a great degree of flexibility

How should I choose a robo investor in Singapore?

Choosing a Singaporean robo advisor involves several key considerations to ensure that the service aligns well with your financial goals, investment style, and preferences. Here’s a detailed guide to help you select the right robo advisor for your needs:

Investment goals and needs.

Determine why you want to use a robo advisor. Common reasons include saving for retirement, building an emergency fund, or general wealth accumulation. This, along with your investment time frame, can affect which robo advisor suits you best. Some are better for short-term goals, while others are tailored for long-term investing.

You should also assess your comfort with risk. Robo advisors in Singapore often offer portfolios ranging from conservative to aggressive. Understanding your risk tolerance helps in selecting a portfolio strategy that aligns with your comfort level.

Cost structure

Singaporean robo advisors typically charge an annual fee based on a percentage of your assets under management (AUM). Compare fees across different providers – they can range from around 0.25% to 0.50% per year. And be aware of any other fees, such as fund expense ratios, withdrawal fees, or account transfer fees.

Minimum investment requirement

Some robo advisors have a minimum investment amount, which can range from R0 to several thousand Rand. Choose one that matches your initial investment capacity. It goes without saying that the ones with no (or a very low) minimum investment are better suited to beginners.

Investment methodology

Look at how the robo advisor allocates investments across different asset classes (for example, shares, bonds, or real estate). Most use ETFs to invest in these assets, but check for any unique investment offerings like socially responsible funds or specific asset classes that you might be interested in.

Some other things to consider are the frequency of rebalancing, which refers to how often portfolios buy and sell funds to maintain the target asset allocation, and whether the robo advisor offers tax-loss harvesting or other tax-efficient investing strategies.

User experience and accessibility

The robo advisor platform should be easy to navigate and understand, especially if you’re a beginner. The top services boast the best investment apps that you can use if you prefer managing investments on the go, and look into their customer service options (like chat, phone support, and email) and service hours.

Performance history

While past performance isn’t indicative of future results, it can give you a sense of how the robo advisor’s strategies perform in different market conditions.

A robo advisor that has seen success throughout tribulations in the Singaporean economy, such as the long Asian financial crisis for most of the first decade of the 2000s, is the sort of platform you can trust to deliver results in our troubled economic climate.

Additional features and services

Some robo advisors in Singapore offer tools for retirement planning, education savings, or investment goal tracking. Others provide access to human advisors for additional fees, which can be beneficial for more complex financial situations. You may want to take advantage of all, some, or none of these features, but they’re worth considering before you sign up.

Security and regulatory compliance

Ensure the robo advisor is registered with relevant financial authorities and employs strong security measures to protect your data and investments. Robo advisors in Singapore must be licenced to operate by the Monetary Authority of Singapore (MAS), which provides a set of rules to ensure investor protection and backs this up with deposit insurance.

Reviews and reputation

Research online reviews, ratings, and any press coverage and use these to compare Singaporean robo advisors. Consider using Trustpilot, and app reviews on the App Store or Play Store to help, along with our robo advisor reviews.

Trial periods or demo accounts

Some robo advisors offer a trial period or demo account, allowing you to test the service without committing your funds.

Quick answers to key questions

How much does a Singapore robo advisor cost to use?

The cost of using a robo advisor in Singapore varies by provider. Typically, they charge a percentage of your total account balance as an annual fee. This fee often ranges from 0.25% to 0.50% of your assets under management, which is generally lower than traditional financial advisors.

Alongside this, you may have to pay another small fee to cover the cost of buying and selling assets. This is usually a very small amount, about 0.05% or 0.1% of your balance.

Do I have to verify my identity with a Singaporean robot investor?

Yes, you usually need to verify your identity when using a robo advisor in Singapore. This is part of the Know Your Customer (KYC) regulations enforced by the MAS to prevent financial crimes like money laundering. Verification typically involves providing personal identification documents, such as your Singaporean passport or driving licence.

Are Singapore robo advisors safe to use?

Yes, Singaporean robo advisors are generally safe and secure. Any platform that is licenced by the MAS is safe, as this means that you are much less likely to lose out in the event of insolvency or nefarious activities.

In addition, top robo advisors in Singapore use encryption and other security measures to protect your personal and financial information. Set up Two Factor Authentication and use a secure password to ensure no one else has access to your money or your data.

Do I need any extra software to use a robo advisor in Singapore?

No, you won’t require any extra software. Most robo advisors in Singapore operate through web-based platforms or mobile apps, allowing you to access their services using a regular web browser or a smartphone.

Should I invest with a robo advisor in Singapore?

Investing with a Singaporean robo advisor could be a good choice if you prefer a hands-off investment approach, are comfortable with digital platforms, and are looking for lower fees. A robo advisor is suitable for those who may not have the time or expertise to manage their investments actively.

Robo advisors can be a convenient, lower-cost alternative to traditional financial advisors, suitable for those comfortable with a digital-first approach. However, it’s important to consider your personal financial situation, investment goals, and comfort with the level of personalisation and human interaction before choosing to invest with a robo advisor.

Benefits of using a robo advisor

Robo advisors in Singapore appeal to new investors and require little prior investing experience to get started. You don’t need a large amount of money to set one up and you can invest as much or as little as you want, at a frequency that suits you.

Here are some of the positives of using a robo investor.

Low fees. A robo advisor generally has lower fees compared to traditional financial advisors.
Convenience. Automated investment that operates 24/7, without much oversight from you.
Accessibility. Singapore robo advisors often have lower minimum investment requirements than wealth management platforms that rely on fund managers.
Simplified experience. Robo investing is ideal for beginners or those who prefer a hands-off approach.
Data-driven. Robo investors use algorithms for unbiased investment decisions and often outperform their human equivalents.

Risks of using a robo advisor

As with any investment approach, using a robo advisor in Singapore has its risks. They are still susceptible to fluctuations in the Singapore Exchange (SGX), or anything that negatively impacts the Singaporean economy. Here are some of the risks of using a robo investor.

Lack of personalisation. A robo advisor may not fully account for unique financial situations or complex needs, and there’s limited scope for adjusting how it invests.
Limited human interaction. There’s less personal guidance and advice and the manner in which it invests, using funds and ETFs, means you can’t achieve really large gains that beat the market.
Dependence on algorithms. The robo advisor is subject to limitations of the programmed algorithms and data inputs.
Market risk. As with any investment, there is always the risk of market volatility affecting portfolio performance. The algorithms don’t protect you from a stock market crash.

How to open an account with a robo advisor in Singapore

Create an account and add a payment method

To start using a robo advisor, you need to create an account and add a means of sending money to it. Most people simply connect their robo advisor to their bank account, and doing it this way means you can round up any purchases and deposit the extra money directly into your account on a regular basis.

Take the onboarding quiz

Once you’ve created an account, you must fill out a short quiz. This quiz is designed to assess your investment preferences, your goals, and your risk profile. Think about your answers carefully, as these dictate how the robo advisor invests your money.

Confirm your investment portfolio

From the results of the quiz, the robot investor provides a recommended portfolio based on your investment profile. You can tweak this, or choose an alternative option, but if you’re going to use a robo advisor then it makes sense to use its recommendation.

Start investing automatically

Now, you’re all set to start investing. The final step is to decide how often you want to add money to your portfolio, which can be set to a regular automatic deposit, or a manual deposit which you manage yourself.

A regular automatic deposit is a good option to drip-feed money into your portfolio, an investment strategy that’s known as ‘dollar-cost averaging’ (DCA). With DCA, you invest at regular intervals, regardless of how the market is performing. In this way, you naturally buy more when prices are lower and less when prices are higher.

Bottom line

This page is dedicated to guiding beginners through the world of robo advisors in Singapore, showcasing the best options currently available. It serves as a comprehensive resource, comparing various robo investors based on their investment offerings, which are designed to cater to different financial goals, budgets, and risk tolerances.

The page aims to simplify the selection process, making it approachable and informative, particularly for those new to investing.

Each featured robo advisor is carefully evaluated and presented in an easy-to-understand format, allowing users to quickly grasp the key features and benefits. The comparison includes details on investment products, fee structures, and the unique advantages of each platform. The comparisons and guidance serve to provide you with the information required to make your own investment choices.

Choose a reliable robo advisor

Methodology: How we choose the best Singapore robo advisors

Helping people make better financial decisions is at the heart of our mission at Invezz.

We periodically test more than 63 robo advisors to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of stock market experts, analysts, and active traders who sign up to each advisor, conduct research, and score each service.

Our tests are designed to find robo investors that offer a beginner-friendly, secure investing experience at a fair price. To supplement our practical testing and experience, we research each robo advisor to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each advisor is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

More investing & trading guides

Best CFD brokers in Singapore 2025

Best investment & trading apps in Singapore 2025

Fact-checking & references

James Knight

Editor of Education

James Knight

Editor of Education

Stock MarketCryptocurrenciesCommoditiesInvestingSport

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. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...

No. of tradable assets	17,000+
Min. Deposit	$0
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETFs, Forex CFDs, Crypto CFDs, Index CFDs, Commodities
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, MAS, FMA, ASIC, FCA, BaFin, FINMA, DFSA, BMA, CFTC, NFA

No. of tradable assets	800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Crypto, Commodities, , Indices
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	Yes, on certain assets
Withdrawal fees	Yes, for certain payment methods
Spreads	Yes
Conversion fees	Yes, currency dependent

No. of tradable assets	1250+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA

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