Top 5 best brokerage accounts in Singapore for 2024

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: May 9, 2024
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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 Start Trading .

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

Top 5 online brokerage accounts in Singapore, reviewed & compared

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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.

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.

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.

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.

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.

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.

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.

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.

Choose a broker

FAQs

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What’s the best broker for beginners in Singapore?
What’s the best investment platform in Singapore?
What’s the cheapest online broker Singapore with the lowest fees?
Which trading app is best in Singapore?
Which investment platform in Singapore has the best demo account?
What’s the safest broker in Singapore?
Is it legal to trade stocks in Singapore?


Fact-checking & references
Risk disclaimer
James Knight
Editor of Education
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.