Top 5 best brokerage accounts in Singapore for 2025

In this guide, our experts have rated the 5 best online brokerage accounts in Singapore to buy, sell and trade stocks for beginners.
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Updated on Jul 17, 2024
Reading time 10 minutes

The Invezz team of expert traders, data analysts, and financial writers frequently test the best trading platforms & online brokerage accounts. Amongst a range of features, we ranked the top online brokerages in Singapore according to their affordability, security, and available international stock markets.

Once we came up with a preliminary list, we surveyed our Singaporean users to gather their thoughts and feedback on each of the top trading apps in Singapore.

Armed with that information we created a final ranking to answer the question: what are the best online brokers in Singapore for Singaporean users?

What is the best stock trading app in Singapore?

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Our rankings reveal that the best online broker in Singapore is Plus500 .

Having assessed 100+ brokers, this list represents the three services that top our rankings as the overall best online trading platforms in Singapore. 

We found 10 online brokers for users based in

Plus500 review
4.5
Plus500
Min. Deposit $100
Fees From 2%
No. assets 2800+
Demo account Yes

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

IG review
4.4
IG Markets
Min. Deposit n/a
Fees Spread only
No. assets 17000+
Demo account Yes

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.

Best brokerage accounts in Singapore
Min. Deposit n/a
Fees -
No. assets n/a
Demo account -

Top 5 online brokerage accounts in Singapore, reviewed & compared

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We found 10 online brokers for users based in

1. Plus500. Best for international trading*

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4.5
Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

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 make a trade. Its technology driven platform gives access to futures contracts for some of the biggest indices.

Plus500 has something for all types of traders, no matter what level of experience. Its low margin requirements (starting at $100) and different contracts 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. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

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

Highlights

Fees & Costs

Pros & Cons

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

2. IG Markets: Best for trusted and transparent trading

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4
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

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. Eightcap. Best online broker for choice of trading platform

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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 900 markets available including stocks, forex, indices, commodities, and cryptocurrencies. 

The fees: Eightcap is a CFD broker and charges spreads, 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

74-89% of retail CFD accounts lose money

4. AvaTrade. Best regulated broker for secure trading

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Avatrade_logo
4
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 stock markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on hundreds of global stocks including Google, Apple, Microsoft, 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. Stock spreads start from 0.13. 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

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.

5. Pepperstone. Best low spread & no commission broker

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pepperstone logo
4
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 a wide selection of stocks 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 stock trades are charged a $0.02 commission per share. UK and German stock trades are charged a 0.1% commission, while for Australian stocks, it’s 0.07%.

Highlights

Fees & Costs

Pros & Cons

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.

How we chose the best online trading platform in Singapore

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Our reviewing panel is made up of industry experts, including Data Analyst, Dan Ashmore, CFA, our Editor of News, Harsh Vardhan, journalist Katya Stead, and expert trader, Prash Raval. The panel also includes an independent fact checker, Richard Stutely.

Here are the key factors that played into our final ranking of the best stock brokers in Singapore.

  • Fees. We prioritised Singaporean brokers that offer commission-free trading, charge low trading fees, don’t charge deposit or withdrawal fees, and don’t charge any hidden fees.
  • Device availability. An online trading platform that is available across all devices as a mobile app deserves a boost. In a mobile world, you need the best stock trading app in Singapore to work across mobile, tablet, and desktop. 
  • Platform security. All services we recommend are regulated by respected financial institutions and provide investor protection in the event that anything goes wrong.
  • Free demo accounts. All the best stockbrokers in Singapore should offer the chance to test their service before you pay for it. We gave the brokers with the best demo accounts a boost in our rankings.
  • Access to global markets. International stock brokers in Singapore that allow you to invest in global markets, particularly popular ones like the United States, scored well in our reviews.
  • Trading and analysis tools. An online stock broker that offers analysis tools makes it easier to do all your research and trading in one place. Any online broker that offered this convenience scored well.
  • Third-party integrations. You might want to use a piece of downloadable, third-party software like MetaTrader 4, MT5, or cTrader to place your trades. The best trading software in Singapore should integrate with these services and those that did so received a higher ranking. 
  • Customer reviews. Finally, we looked into customer reviews, to make sure that we only recommend the best investment platforms in Singapore where the majority of Singaporean customers had a positive experience.

Find out more about how we rate, rank, and review platforms.

More about stock trading platforms in Singapore

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What products can I trade with a Singaporean stock broker?

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You can trade stocks from Singapore, or invest in leading companies from around the world. Here’s a breakdown of what (and how) you can trade financial markets with the best online brokers Singapore.

Stocks

  • Singaporean stocks. One investment option is to simply buy and sell stocks that are listed in Singapore. Investing in the Singaporean market is normally the most straightforward option for Singaporean residents, as you can buy shares in any company that’s listed on a Singaporean stock exchange.
  • US stocks. Some of the best known companies in the world are listed in the United States. The best online broker in Singapore will also let you invest in stocks that are listed on the NYSE or the NASDAQ exchange in the US, but it depends on the legal restrictions in Singapore.
  • International stocks. You may also be able to buy shares in companies that are based in the rest of the world. The best international brokers in Singapore offer global stocks, but it may be a limited selection. If you want to buy equities from outside Singapore or the US, be sure to check those stocks are available through your online broker before you sign up.

ETFs

ETFs (exchange traded funds) are investment funds that pool money together from lots of different investors and use it to track a particular index, like the S&P 500. Even if you can’t invest in every stock from every country, you can usually find an alternative in an ETF that tracks the performance of Singapore’s top stock exchanges and indexes. 

Mutual funds

Mutual funds are professionally managed investments. You buy shares in the fund through an investment platform and the manager decides what to invest it in. Typically, a fund manager chooses a mixture of global stocks, local Singaporean stocks, and ETFs that track global indices from across the world.

Mutual funds and ETFs are similar, but the former are managed by a professional who tries to beat the market, while the latter buy and sell stocks automatically based on a set of fixed criteria. Typically a mutual fund charges higher management fees every year because of the extra work involved. The best stock broker in Singapore should allow you to invest in stocks from Singapore, as well as ETFs and mutual funds.

Futures and options

Futures and options contracts involve making an agreement to purchase a stock in the future at an agreed price. They’re favoured by stock traders and can be used as a way of speculating on how you think a company’s price might change in the future.

Other assets

Most trading platforms in Singapore offer a variety of assets alongside stocks, funds, and ETFs. With the best Singaporean brokers you can create a diversified portfolio made up of leading global stocks, ETFs, cryptocurrencies, and dabble with trading currency pairs and commodities as well.

Compare the assets available with each of the top Singaporean brokers below.

Product Plus500 assets IG Markets assets
Stock CFDs 1,800+ 17,000 +
ETF CFDs 100+
Forex CFDs 50+ 99
Crypto CFDs 40+ 10
Index CFDs 20+ 80 +
Commodity CFDs 20+
View more > Plus500 > IG Markets >

Note that all listed instruments on Plus500 are available to trade as CFDs.

You should keep in mind, however, that to invest in other financial products from Singapore, you may be better off using a different type of trading platform.

For example, for trading currency pairs you want one of the best forex brokers in Singapore, for cryptocurrencies like Bitcoin, the best crypto exchanges in Singapore. The top CFD brokers in Singapore offer a range of financial assets, including many of the options above.

How much does it cost to use the best online trading platforms in Singapore?

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It is normally free to sign up to a stock trading platform in Singapore. The main cost comes in the form of trading fees, which depend on the platform and on what you want to trade. Some of the best stock trading apps in Singapore offer completely free trading, while others charge a flat fee or commission per trade.

Here’s a comparison of the trading fees across our highest rated Singaporean brokers.

Asset Plus500 fees IG Markets fees
Crypto From 2% Spread only
Commodities From 0.04% Spread only
From 0.8%
Indices From 0.7% Spread only
Stocks From 0.08% From 0.5%
View more > Plus500 > IG Markets >

Another way an online broker in Singapore might charge you is via the spread. The spread is the difference between the buy and sell price of an asset, and effectively serves as a commission the broker is charging you on top of the market price. The smaller the spread, the better value you’re getting from your broker.

Here’s a comparison of the spreads across the top Singaporean trading platforms.

Product Plus500 spreads IG Markets spreads
Stock CFDs 0.10% 0.10%
ETF CFDs 0.10% 0.10%
Forex CFDs 0.8 pips 0.6 pips
Crypto CFDs 2% Variable
Index CFDs 0.20% 0.10%
Commodity CFDs 0.50% 0.3 pts
View all tradable assets > Plus500 > IG Markets >

On top of the trading fees and spreads, there may be other charges for using your online broker account. These can include inactivity fees, where you’re charged if you don’t use your account for a period of time (usually 3-6 months), as well as overnight fees, which only apply if the broker is also a CFD platform, or even an account maintenance fee.

Here’s a look at the types of fees different brokers in Singapore charge, to give you a complete picture of the cost of trading with the top brokers in Singapore.

Fee Plus500 fees IG Markets fees
Trading fees No Yes
Inactivity fees Yes Yes
Rollover/overnight fees Yes Yes
Withdrawal fees No No
Spreads Yes Yes
Conversion fees Yes Yes
View more > Plus500 > IG Markets >

Are stock brokers in Singapore regulated?

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Yes, online brokers have to be regulated in order to offer share dealing services. Ideally, you want to find a broker that offers top-tier regulatory protection either through your local regulator, or through an internationally recognised institution. 

The best brokers in Singapore are regulated by the Monetary Authority of Singapore (MAS), which provides a license for these firms to operate and governs their actions in order to protect investors. Use the Monetary Authority of Singapore (MAS) database to check if your favourite online broker is regulated to operate in Singapore.

On top of that, many online brokers in Singapore are based elsewhere but regulated to operate internationally through institutions such as CySEC (the Cyprus Securities and Exchange Commission). Here are the best online brokers in Singapore and where they’re regulated across the world.

Region Plus500 regulators IG Markets regulators
Africa FSA FSCA
Asia MAS
Australasia ASIC, FMA FMA, ASIC
Europe FCA, CySEC FCA, BaFin, FINMA
International DFSA, BMA
North America CFTC, NFA
South America
View more > Plus500 > IG Markets >

How much money do I need to start using an online broker in Singapore?

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Typically, the minimum deposit for each Singaporean broker is the equivalent of $10. This is a manageable amount for most users, though you should also consider the minimum trade size on each platform. This governs the smallest investment you can make, so if you plan to invest small amounts then it is a crucial number to think about.

Compare the minimum and maximum trade sizes for each top broker in Singapore right here.

Product Plus500 minimum trade IG Markets minimum trade
Stock CFDs $10 From £1
ETF CFDs $10 From £1
Forex CFDs 0.01 lots From £1
Crypto CFDs $0.10 From £1
Index CFDs $10 From £1
Commodity CFDs $10 From £1
View more > Plus500 > IG Markets >

Which trading app in Singapore has the best user reviews?

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As part of our research process we gathered up reviews and feedback from Singaporean users to help us finalise the rankings. Below is a summary of the feedback and ratings we received about each platform.

Review source Plus500 rating IG Markets rating
Trustpilot 4 4.0
Google Play Store 4.3 4.3
App Store 4.1 4.6
View more > Plus500 > IG Markets >

How to buy stocks in Singapore

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Every stock trading app in Singapore is designed to help you invest with the minimum of fuss. 

Follow this six step guide to learn how to buy shares online in Singapore for the first time.

1. Find a Singaporean trading app

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Compare the best online stock brokers in Singapore and choose your favourite from the list at the top of this page.

2. Create an account

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Once you’ve chosen the best broker Singapore, set up an account by supplying your email address and password. Fill in personal details like your name and address.

3. Verify the broker account

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Before you use an online trading platform in Singapore you need to verify your identity. Upload a copy of your driving licence or passport to do this. The verification process can take up to 24 hours, but is often much quicker than that.

4. Deposit money into your trading account

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You can make your initial deposit via a card payment, bank transfer, or an alternative payment method. Many of the best online brokers in Singapore accept PayPal and similar e-wallets, but you should check this ahead of time.

5. Search for a stock and place your trade

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Find the stocks you want to trade using their ticker symbol. Enter the details of your trade, and hit ‘buy’ to execute it.

6. Monitor your investment

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Check up on your investment regularly. Use the latest news and stock market research to help you decide when to sell your shares, and lock in a profit or loss.

FAQs

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01

What’s the best broker for beginners in Singapore?

02

What’s the best investment platform in Singapore?

03

What’s the cheapest online broker Singapore with the lowest fees?

04

Which trading app is best in Singapore?

05

Which investment platform in Singapore has the best demo account?

06

What’s the safest broker in Singapore?

07

Is it legal to trade stocks in Singapore?


Fact-checking & references

James Knight

James Knight

Editor of Education

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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...