Singapore is a leading financial hub with strong access to global options markets. Choosing the right platform is essential for competitive fees (in SGD $), reliable execution, and oversight by the Monetary Authority of Singapore (MAS).
This guide compares the 10 best options trading platforms in Singapore for 2026, focusing on fees in SGD ($), platform tools, market access, and MAS regulatory compliance—helping you find the right fit for your trading style.
The best options trading platforms in Singapore combine MAS-regulated protection, competitive fees in SGD ($), and direct access to global options markets such as US-listed equity and index options. Core platforms like eToro, Saxo Bank, IG, CMC Markets, and Interactive Brokers are all accessible to Singapore traders, alongside strong locally licensed brokers. Many operate under the oversight of the Monetary Authority of Singapore (MAS), which requires brokers to meet strict capital, transparency, and client protection standards . In practice, options commissions typically fall around ~$0.65 to $3.00 per contract (SGD-equivalent), with minimum deposits ranging from $0 to $3,000+, depending on the platform.
Our list of the best options trading platforms in Singapore for 2026
- eToro: Best for beginners who want a simple, low-barrier entry into options-related markets, with $0 minimum deposit (SGD equivalent) and an easy-to-use platform.
- Saxo Bank: Best for advanced traders seeking premium tools and direct options trading, with pricing from around $1.25 per contract and a strong MAS-regulated Singapore entity .
- IG: Best for traders who want a balance of usability and advanced tools, offering access to thousands of global markets under MAS oversight .
- CMC Markets: Best for active traders looking for tight spreads and advanced charting via its proprietary platform, with strong Singapore availability.
- Interactive Brokers: Best for professionals needing global reach, with access to 150+ markets and options commissions from around ~$0.65 per contract .
Each of these platforms is accessible to Singapore residents, with most holding a Capital Markets Services licence from MAS or operating under recognised regulatory frameworks.
For most traders, the decision comes down to a trade-off between lower fees (typically under $1.50 per contract), platform sophistication, and access to global options markets beyond SGX.
Compare the best options trading brokers in Singapore
The best options trading platforms in Singapore differ mainly in trading costs (in SGD $), access to global options markets, platform tools, and MAS regulatory protection. While most Singapore-based traders focus on US-listed options (such as S&P 500 and Nasdaq equities), the quality of execution, pricing transparency, and regulatory oversight from the Monetary Authority of Singapore (MAS) remain the key factors that directly impact trading performance, costs, and risk.
What makes an options trading platform “best” in Singapore?
The best options trading platforms in Singapore share a focused set of qualities that directly impact safety, costs (in SGD $), market access, and trading efficiency. With most Singapore-based traders accessing US-listed options, the combination of MAS oversight, low per-contract fees, and reliable execution becomes especially important.
- Strong regulation and investor protection: Platforms are regulated by the Monetary Authority of Singapore (MAS) or operate under recognised global regulators. This ensures client fund segregation, capital adequacy requirements, and clear compliance standards, which are critical when trading leveraged derivatives like options.
- Transparent, competitive options pricing (in SGD $): The best platforms offer low and clearly disclosed per-contract fees (typically ~$0.65–$3.00), along with transparent currency conversion costs and no hidden charges. This is essential for active traders where costs can quickly add up.
- Access to global options markets: Leading platforms provide direct access to US options markets (e.g. NYSE, Nasdaq), and in some cases European and Asia-Pacific exchanges, giving traders exposure to equities, indices, and ETFs beyond the Singapore Exchange (SGX).
- Reliable execution and platform performance: Fast, stable execution is crucial for options trading, particularly for short-term strategies. The best platforms offer low-latency order routing, minimal slippage, and consistent uptime across web, desktop, and mobile.
- Advanced tools and risk management features: Strong platforms include options chains, Greeks (Delta, Gamma, Theta), strategy builders, and risk analytics, helping traders price contracts accurately and manage exposure effectively.
- Local funding and SGD ($) support: Easy deposits and withdrawals via SGD bank transfers or local payment rails, with minimal FX friction, improve overall usability and cost control for Singapore-based users.
The platforms highlighted in this guide perform consistently well across these criteria, which is why they stand out as the best options trading platforms in Singapore for 2026.
eToro – Best for beginners and casual options exposure
eToro is best understood as a gateway platform for Singapore-based investors who want exposure to global markets, including assets commonly used in options strategies, without needing to navigate complex derivatives tools. It leans heavily into simplicity, accessibility, and low upfront costs, which makes it appealing for newer traders—but it is not a specialist options trading platform in the traditional sense.
From a pure options trading perspective, eToro does not operate on a traditional per-contract fee model, which is the standard across Singapore’s leading brokers. Platforms like Interactive Brokers or Saxo Bank typically charge ~$0.65 to $2.00 per options contract, making costs highly transparent for active traders.
eToro takes a different approach. Instead of commissions, it offers:
- $0 commission on stocks and ETFs, which are often used to replicate options strategies
- Pricing embedded within spreads, rather than explicit trading fees
- Additional non-trading costs such as ~$5 withdrawal fees and inactivity charges
For casual investors, this structure can feel simpler and cost-effective. But for active options traders, the lack of clear per-contract pricing and direct options access makes it difficult to manage and optimise trading costs at scale.
In short, eToro is cost-efficient for simple strategies, but not competitive for high-frequency or multi-leg options trading.
This is where eToro’s limitations are most visible.
Singapore-based users get access to a wide range of global assets, including:
- US-listed equities and ETFs (e.g. Apple, Tesla, SPY, QQQ)
- Indices and commodities via CFDs
- Cryptocurrencies and thematic portfolios
However, direct options trading is not supported. That means:
- No options chains
- No calls/puts on equities or indices
- No multi-leg strategies (spreads, straddles, iron condors)
- No access to major options exchanges like CBOE or Nasdaq Options Market
Instead, traders must rely on indirect exposure, such as taking positions in the underlying stock or ETF.
For investors who simply want directional exposure, this may be enough. But if your goal is to trade volatility, hedge positions, or generate income using options strategies, eToro will feel restrictive.
eToro is not licensed by the Monetary Authority of Singapore (MAS), which is a key consideration for Singapore-based investors.
Instead, it operates under several established international regulators:
- Financial Conduct Authority (FCA) in the UK
- Australian Securities and Investments Commission (ASIC)
Under these frameworks:
- Client funds are typically held in segregated accounts
- The platform must meet capital and compliance requirements
- Investor protections exist, but they are jurisdiction-specific, not Singapore-based
The practical implication is straightforward:
You are trading on a globally regulated platform, but without local MAS oversight or Singapore-specific investor safeguards.
For many beginners, this may be acceptable. But for larger portfolios or more complex strategies, MAS-regulated brokers often provide greater peace of mind.
eToro’s biggest strength is its exceptionally clean and intuitive user experience.
The platform is available on:
- Web browser (full functionality)
- Mobile apps (iOS and Android)
Key usability highlights include:
- A simple, uncluttered interface that reduces friction for new users
- Easy navigation between assets, portfolios, and watchlists
- Built-in CopyTrader functionality, allowing users to replicate other investors’ portfolios
- Seamless execution for standard buy/sell orders
However, for options traders, the platform lacks critical features:
- No options chain visualisation
- No Greeks (Delta, Gamma, Theta, Vega)
- No strategy builders or risk analytics
- Limited advanced order types
Execution is reliable for basic trades, but the platform is not designed for high-speed, multi-leg, or latency-sensitive options strategies.
eToro is best suited to beginners and casual investors in Singapore who:
- Want a low-cost, easy-to-use platform to access global markets
- Prefer simple investment approaches rather than complex derivatives
- Are comfortable using stocks and ETFs instead of direct options contracts
- Value usability and accessibility over advanced trading tools
It is less suitable for:
- Active or professional options traders
- Investors requiring MAS-regulated protection
Traders using multi-leg or volatility-based strategies
Saxo Bank – Best for advanced options traders and global market access
Saxo Bank (via Saxo Markets Singapore) sits firmly at the premium end of the options trading spectrum. It is built for traders who value depth of market access, institutional-grade tools, and strong MAS regulation, rather than the absolute lowest fees. For Singapore-based investors, it offers one of the most complete options trading environments available locally.
Saxo’s pricing is transparent and tiered, but not the cheapest in Singapore.
For listed options:
- Commissions start from around ~US$0.75–$2.00 per contract (~$1.00–$2.70 SGD) depending on account tier
- No minimum ticket fees, which helps for smaller trades
- No platform or inactivity fees, keeping overall costs predictable
Compared to low-cost brokers (often ~$0.65 per contract), Saxo is slightly more expensive. But the trade-off is clear: you are paying for better execution quality, broader market access, and more advanced tools.
For active traders dealing in higher volumes, Saxo’s volume-based pricing tiers can reduce costs over time, making it more competitive at scale.
This is where Saxo stands out.
Saxo offers access to:
- 3,000+ listed options across equities, indices, commodities, and more
- Coverage across 20+ global exchanges, including the US, Europe, and Asia-Pacific
- A wide range of instruments including stock options, index options, and even FX options
In practice, this means you can trade:
- US equity options (e.g. Apple, Tesla, SPY)
- Index options (e.g. S&P 500, Nasdaq)
- More niche exposures like commodity-linked options and FX options
Compared to many Singapore brokers that focus primarily on US options, Saxo provides genuinely global options coverage, which is a major advantage for diversification and advanced strategies.
Yes—Saxo Markets Singapore is fully regulated by the Monetary Authority of Singapore (MAS), which is a key strength.
This means:
- Client funds are held in segregated accounts separate from the company’s capital
- The firm must meet strict capital adequacy and risk management requirements
- Operations are subject to ongoing MAS supervision and compliance checks
Saxo Markets is also part of a global banking group, adding another layer of institutional credibility.
For Singapore-based investors, this places Saxo firmly in the “high-trust” category, particularly compared to offshore-only brokers.
Saxo delivers one of the most advanced trading platforms available in Singapore.
Its ecosystem includes:
- SaxoTraderGO (web & mobile) – clean, powerful, and well-balanced
- SaxoTraderPRO (desktop) – designed for professional traders with multi-screen setups
Key strengths:
- Full options chain visualisation with real-time data
- Access to Greeks (Delta, Gamma, Theta, Vega) and risk analytics
- Support for multi-leg strategies and advanced order types
- Institutional-grade charting and research tools
Execution quality is strong, with reliable order routing and minimal slippage, even during volatile market conditions.
The only trade-off is complexity. Compared to app-first platforms, Saxo has a steeper learning curve, particularly for beginners.
Saxo Bank is best for intermediate to advanced traders in Singapore who:
- Want direct access to global options markets, not just US listings
- Value MAS regulation and strong investor protection
- Need advanced tools, analytics, and multi-leg strategy support
- Are comfortable paying slightly higher fees for a more complete platform
It is less suitable for beginners who prioritise simplicity or ultra-low costs.
IG – Best for balanced tools and flexible CFD-based options exposure
IG is one of the most established brokers operating in Singapore, offering a well-rounded trading environment that combines MAS regulation, broad market access, and flexible platform choices. While it is not a traditional exchange-traded options broker, it provides options-style exposure via CFDs, which appeals to traders who prioritise flexibility, leverage, and multi-asset access over complex options structuring.
IG’s fee structure is fundamentally different from traditional options brokers.
Instead of charging per-contract fees (e.g. $0.65–$1.50 per contract common in Singapore), IG uses a spread-based pricing model for options CFDs:
- The main cost is embedded in the bid-ask spread
- No fixed commission per contract
- Additional costs may include overnight funding (financing) charges for leveraged positions
For short-term traders, this can be efficient—especially when spreads are tight on major indices. However, the lack of explicit per-contract pricing makes it harder to calculate precise costs for multi-leg or longer-term strategies.
In practical terms:
- Good for: short-term, directional trades with clear entry/exit
- Less ideal for: structured options strategies where cost transparency matters
IG provides broad global market access, but primarily through CFDs rather than direct exchange-traded options.
Singapore users can trade:
- Options on major global indices (e.g. S&P 500, FTSE 100, DAX)
- Options-style exposure on forex and commodities
- Over 10,000+ markets globally, including shares, indices, and macro assets
However, compared to dedicated options brokers, IG does not provide:
- Full options chains across exchanges like CBOE
- Advanced multi-leg strategy execution (iron condors, butterflies, etc.)
- Direct access to listed options contracts on exchanges
This makes IG more suitable for macro-driven or short-term trading, rather than detailed options portfolio construction.
Yes—IG is fully regulated by the Monetary Authority of Singapore (MAS) through its Singapore entity.
This ensures:
- Segregation of client funds from company capital
- Strict adherence to the Securities and Futures Act (SFA)
- Ongoing regulatory oversight and compliance checks
IG also has a long operating history and is listed on the London Stock Exchange, adding another layer of transparency.
For Singapore-based traders, this combination of MAS regulation + global scale places IG firmly in the high-trust category.
IG’s platform offering is one of its biggest strengths. It supports multiple environments, including:
- IG Web Platform – clean, responsive, and feature-rich
- Mobile apps (iOS & Android) – stable and well-designed
- Integration with MetaTrader 4 (MT4), ProRealTime, and TradingView
Key highlights:
- Strong charting tools and technical indicators
- Reliable execution with low latency and minimal downtime
- Flexible layout suitable for both casual and advanced users
- API support for more advanced workflows
While powerful, the platform remains more approachable than institutional tools, making it a good step up from beginner apps.
IG is best for intermediate traders in Singapore who:
- Want MAS-regulated protection
- Prefer flexible, CFD-based trading across multiple asset classes
- Need access to global macro markets, not just equities
- Value a balance between tools, usability, and market coverage
It is less suitable for traders who want direct exchange-traded options with full strategy control.
CMC Markets – Best for active traders and advanced charting tools
CMC Markets is a platform built for technically driven traders who prioritise execution speed, charting depth, and pricing efficiency. Like IG, it focuses on CFD-based trading, including options-style exposure, rather than direct listed options. For Singapore traders, CMC Markets stands out for its high-performance proprietary platform and tight spreads, making it particularly attractive for short-term and active trading strategies.
CMC Markets uses a spread-based pricing model, similar to IG, rather than charging per-contract options fees.
Key characteristics:
- No fixed per-contract commission
- Costs embedded in tight spreads, especially on major indices
- No inactivity, deposit, or withdrawal fees
For active traders, this can be highly competitive—particularly when trading frequently on liquid markets.
However, like IG:
- Costs are less transparent than per-contract pricing
- Financing charges apply to leveraged positions held overnight
In practice, CMC is strongest for short-term trading, where tight spreads matter more than long-term fee predictability.
CMC Markets offers broad global exposure, but again primarily through CFDs.
Singapore users can access:
- 12,000+ instruments globally, including shares, indices, forex, and commodities
- Options-style exposure via index and macro CFDs
- Strong coverage of major global markets
However, it does not provide:
- Direct access to listed options exchanges (e.g. CBOE)
- Full options chains or multi-leg execution tools
This positions CMC as a platform for:
- Directional trading and speculation
- Traders focused on price movement rather than structured options strategies
CMC Markets Singapore is fully regulated by the Monetary Authority of Singapore (MAS).
Investor protection includes:
- Segregated client funds under Singapore regulations
- Compliance with the Securities and Futures Act (SFA)
- Negative balance protection, limiting losses to deposited capital
CMC Markets is also a publicly listed company (FTSE 250), which adds transparency through regular financial reporting and governance standards.
CMC Markets’ Next Generation platform is widely regarded as one of the most advanced proprietary trading platforms available.
Key strengths:
- 80+ technical indicators and advanced charting tools
- Fast execution speeds (often cited around ~0.004 seconds)
- Built-in features like pattern recognition and client sentiment data
- Seamless experience across web and mobile platforms
The platform is highly capable, though it can feel feature-dense for beginners. For experienced traders, however, it offers one of the best toolsets in the Singapore market.
CMC Markets is best for active and technically focused traders in Singapore who:
- Prioritise tight spreads and execution speed
- Use technical analysis and charting extensively
- Prefer CFD-based trading flexibility
- Want MAS-regulated security
It is less suitable for traders who require direct options trading or complex multi-leg strategies.
Interactive Brokers – Best for professional options trading and global market access
Interactive Brokers (IBKR) is widely regarded as the benchmark platform for serious options trading in Singapore. It combines ultra-low commissions, institutional-grade tools, and access to global options markets, making it one of the most complete solutions available under a MAS-regulated framework. For Singapore-based traders, IBKR stands out because it delivers both cost efficiency and depth—something very few platforms manage to balance.
Interactive Brokers is one of the lowest-cost options brokers available in Singapore.
Key pricing details:
- Options commissions typically range from ~US$0.15 to $0.65 per contract (~$0.20–$0.90 SGD)
- Minimum fees are usually around ~US$1 per order (~$1.35 SGD)
- No hidden spreads, ticket charges, or platform fees
This makes IBKR particularly attractive for:
- High-frequency traders
- Multi-leg strategies where costs scale quickly
- Traders managing larger portfolios
Compared to most Singapore brokers, IBKR consistently sits at the low end of the cost spectrum, especially at higher trading volumes where tiered pricing applies.
This is where IBKR clearly leads.
Interactive Brokers offers:
- Access to 30+ options market centres globally
- Coverage across US, Europe, and Asia-Pacific exchanges
- A full range of instruments including equity options, index options, futures options, and more
In practical terms, you can trade:
- US equity options (e.g. Apple, Nvidia, SPY)
- Index options (S&P 500, Nasdaq, VIX)
- International options across multiple regions
Compared to most platforms in Singapore—many of which focus primarily on US markets—IBKR offers true global diversification.
Yes—Interactive Brokers Singapore is licensed and regulated by the Monetary Authority of Singapore (MAS)
This ensures:
- Segregation of client funds
- Strict compliance with Singapore’s Securities and Futures Act (SFA)
- Strong capital and risk management requirements
In addition, IBKR operates globally under multiple top-tier regulators (SEC, FCA, etc.), adding an extra layer of institutional credibility.
For Singapore investors, IBKR is considered one of the most trusted and secure platforms available.
IBKR delivers one of the most advanced trading ecosystems globally, but it comes with complexity.
Platforms include:
- Trader Workstation (TWS) – advanced desktop platform
- IBKR Mobile – full-feature mobile app
- Client Portal (web) – simplified browser-based interface
Key strengths:
- Full options chain visualisation with real-time data
- Access to Greeks (Delta, Gamma, Theta, Vega)
- Advanced strategy builder and multi-leg execution
- Institutional-grade execution with low latency and deep liquidity access
The trade-off is usability. For beginners, IBKR can feel overwhelming at first, with a steeper learning curve than most platforms.
Interactive Brokers is best for serious and advanced traders in Singapore who:
- Want the lowest possible options trading costs
- Need access to global options markets and exchanges
- Use multi-leg strategies and advanced analytics
- Prioritise MAS regulation and institutional-grade infrastructure
It is less suitable for beginners who want a simple, plug-and-play trading experience.
Tiger Brokers – Best for low-cost retail options trading
Tiger Brokers has quickly become one of the most popular platforms in Singapore, particularly among retail investors looking for low-cost access to US options markets. It combines competitive pricing, a clean interface, and MAS regulation, making it one of the most accessible entry points into options trading.
Tiger Brokers is known for its very competitive options pricing, particularly for retail traders.
Typical costs include:
- Around ~US$0.65 per contract (~$0.90 SGD)
- Additional platform fee of around ~US$0.30 per contract
- Promotional pricing can reduce total costs to ~US$0.65 per contract or lower
This places Tiger among the lowest-cost brokers in Singapore, especially for:
- Beginners
- Small account sizes
- Traders placing lower-volume trades
While slightly less flexible than IBKR’s tiered pricing, the structure is simple and predictable, which many retail traders prefer.
Tiger Brokers focuses primarily on US options markets, with some additional regional coverage.
Users can access:
- US stock and ETF options (core offering)
- Selected US index options (e.g. SPX, VIX, NDX)
- Additional access to Hong Kong markets and derivatives
Compared to IBKR:
- Market coverage is more limited globally
- But still sufficient for most retail traders focusing on US markets
For many Singapore investors, this is enough—since US options dominate global liquidity and trading volume.
Yes—Tiger Brokers Singapore is regulated by the Monetary Authority of Singapore (MAS).
This ensures:
- Client funds segregation
- Compliance with Singapore’s financial regulations and reporting standards
- Strong local oversight
Tiger also benefits from being a locally recognised brokerage, which adds familiarity and trust for Singapore users.
Tiger Brokers is designed with retail usability in mind, and this shows.
Platform availability:
- Mobile-first app (core experience)
- Web and desktop platforms
Key strengths:
- Clean, intuitive interface with easy navigation
- Built-in options chain and strategy tools
- Support for multiple options strategies (including spreads and covered calls)
- Fast execution suitable for retail trading
While not as powerful as IBKR, the platform strikes a strong balance between:
- Ease of use
- Functionality
Tiger Brokers is best for beginner to intermediate traders in Singapore who:
- Want low-cost access to US options
- Prefer a simple, intuitive platform
- Value MAS-regulated safety with local presence
- Trade smaller or medium-sized portfolios
It is less suitable for traders who need global market access or institutional-level tools.
Moomoo – Best for low-cost options trading with strong analytics
Moomoo has quickly established itself as one of the most competitive platforms in Singapore for retail options trading. It combines very low fees, advanced analytics, and a highly intuitive interface, making it especially appealing to traders who want data-rich tools without the complexity of institutional platforms. For Singapore users, Moomoo stands out as a cost-efficient, MAS-regulated option with strong platform depth, sitting between beginner-friendly apps and professional-grade systems.
Moomoo is one of the lowest-cost options trading platforms available in Singapore, especially for retail traders.
Typical pricing structure:
- Around ~$0.50–$0.70 per contract (SGD equivalent) depending on volume tiers
- Frequent $0 commission promotions, with only exchange and regulatory fees applied
- No platform or inactivity fees
This puts Moomoo firmly in the ultra-low-cost category, comparable to Tiger Brokers and Webull.
However, traders should still account for:
- Exchange, clearing, and regulatory fees per contract
- Currency conversion costs when trading non-SGD assets
Overall, Moomoo delivers excellent pricing transparency and cost efficiency, particularly for active retail traders.
Moomoo offers solid but focused market access, centred mainly on high-liquidity markets.
Singapore users can access:
- US stock and ETF options (core offering)
- Selected index options and major global equities
- Multi-asset access across Singapore, Hong Kong, Japan, and China markets
However:
- Options coverage is primarily US-focused
- Limited access to broader global options exchanges compared to platforms like IBKR
For most retail traders, this is sufficient—since US options dominate global trading volume and liquidity.
Yes—Moomoo Singapore is licensed by the Monetary Authority of Singapore (MAS), which is a major advantage.
This ensures:
- Segregation of client funds from company assets
- Compliance with Singapore’s Securities and Futures Act (SFA)
- Ongoing regulatory oversight and reporting
Moomoo also operates under a broader global regulatory framework, adding additional safeguards.
For Singapore-based traders, this places Moomoo in the high-trust, locally regulated category, which is especially important for derivatives trading.
Moomoo’s platform is one of its strongest features. It delivers a rare combination of usability and depth.
Key highlights:
- Clean, mobile-first interface that is easy to navigate
- Advanced analytics including options chains, implied volatility, and open interest data
- Over 140 technical indicators and 50+ drawing tools
- Real-time market data and customisable trading dashboards
Execution is fast and reliable for retail use, and the platform supports:
- Multi-leg strategies
- Strategy filters and screeners
- Real-time insights across options markets
Compared to simpler apps, Moomoo provides significantly more analytical depth, while remaining accessible.
Moomoo is best for beginner to intermediate options traders in Singapore who:
- Want low-cost options trading with strong tools
- Prefer a modern, app-based trading experience
- Value MAS regulation and local availability
- Use data and analytics to guide trading decisions
It is less suitable for traders who need global options market coverage or institutional-level execution tools.
Webull – Best for ultra-low-cost options trading with simple execution
Webull is one of the most cost-focused platforms available to Singapore traders. It is designed around low fees, clean execution, and a streamlined user experience, making it particularly attractive for traders who want simple, efficient access to options markets without unnecessary complexity. Compared to Moomoo, Webull leans slightly more toward simplicity and cost transparency, rather than deep analytics.
Webull is one of the cheapest options trading platforms in Singapore, with a very clear and simple fee structure.
Typical pricing:
- Around ~$0.55 per contract (SGD equivalent)
- Often $0 platform fees and no minimum brokerage fees
- No inactivity or withdrawal fees
This makes Webull highly competitive for:
- Frequent traders
- Small account sizes
- Traders placing simple options trades
Compared to most competitors, Webull offers one of the cleanest and most transparent pricing models, which is a major advantage for cost control.
Webull focuses primarily on high-liquidity markets, similar to Moomoo.
Singapore users can access:
- Options on major global equities and indices
- Core markets across Singapore, Hong Kong, and other key regions
However:
- Options coverage is mainly focused on the most liquid markets
- Limited access to niche or less commonly traded options products
For most retail traders, this is sufficient—but it is not designed for global multi-exchange options trading.
Yes—Webull Singapore operates under a licence from the Monetary Authority of Singapore (MAS).
This ensures:
- Client fund segregation
- Compliance with Singapore’s financial regulations
- Ongoing oversight and reporting requirements
This places Webull in the same trusted, MAS-regulated category as other leading local brokers.
Webull is designed with a strong emphasis on simplicity and execution efficiency.
Key strengths:
- Clean, intuitive mobile-first interface
- Built-in options trading tab with screening tools
- Real-time data and charting capabilities
- Fast execution suitable for retail trading
Compared to Moomoo:
- Slightly simpler interface
- Fewer advanced analytics tools
- More streamlined overall experience
This makes Webull particularly appealing for traders who want a no-frills, efficient platform.
Webull is best for cost-conscious retail traders in Singapore who:
- Want very low-cost options trading
- Prefer a simple, easy-to-use platform
- Trade frequently and value cost transparency
- Want a MAS-regulated broker with minimal friction
It is less suitable for traders who need advanced analytics or global options market depth.
uSMART – Best for ultra-low-cost options trading with modern tools
uSMART is a relatively new entrant in Singapore, but it has quickly positioned itself as a low-cost, tech-driven brokerage focused on affordability and simplicity. Backed by a Capital Markets Services licence from the Monetary Authority of Singapore (MAS), it combines aggressive pricing with a mobile-first experience, making it appealing to cost-conscious traders. For Singapore-based investors, uSMART stands out as a budget-friendly alternative to more established brokers, particularly for straightforward options trading.
uSMART is one of the cheapest options trading platforms available in Singapore, with a pricing structure designed to undercut most competitors.
Key pricing highlights:
- $0 commission on options trades, with only a platform fee of ~$0.30–$0.40 per contract
- No minimum commission per order, which is particularly attractive for small trades
- No inactivity or platform fees
This makes uSMART especially competitive for:
- Beginner traders testing options strategies
- Traders placing small or frequent trades
- Cost-focused investors who want predictable, low fees
The structure is simple and transparent, though traders should still factor in exchange and regulatory fees, which apply across all brokers.
uSMART provides access to a focused but practical range of options markets, primarily centred on high-liquidity instruments.
Singapore users can access:
- Options on major global equities and ETFs
- Multi-asset exposure across Singapore, Hong Kong, and other key markets
- Additional instruments including stocks, ETFs, futures, and forex
However, compared to more advanced platforms:
- Options coverage is not as extensive globally
- Limited access to niche exchanges or specialised derivatives
For most retail traders, this is sufficient. But for advanced strategies requiring broad multi-exchange coverage, uSMART is more limited.
Yes—uSMART Securities (Singapore) holds a Capital Markets Services licence from MAS, which is a strong foundation for trust.
This ensures:
- Client funds are segregated and held with regulated financial institutions such as DBS and HSBC
- Compliance with Singapore’s Securities and Futures Act (SFA)
- Ongoing regulatory supervision and reporting
While uSMART is newer than some competitors, its MAS licence and custody structure provide credible baseline protection for Singapore-based investors.
uSMART is designed as a modern, mobile-first trading platform, with a strong focus on usability.
Key strengths:
- Clean and intuitive interface, suitable for beginners
- Integrated real-time data and analytics tools
- AI-driven features and smart trading insights
- Fast account setup and streamlined trading experience
Execution speeds are reliable for retail trading, though the platform lacks:
- Advanced institutional tools
- Deep options analytics (e.g. full Greeks modelling at IBKR level)
Overall, uSMART strikes a balance between simplicity and functionality, without overwhelming users.
uSMART is best for cost-conscious beginner to intermediate traders in Singapore who:
- Want ultra-low options trading fees
- Prefer a simple, modern mobile platform
- Value MAS-regulated protection
- Focus on straightforward options strategies
It is less suitable for traders who need advanced analytics, global exchange access, or institutional-grade tools.
Phillip Securities (POEMS) – Best for local investors and MAS-regulated reliability
Phillip Securities (POEMS) is one of Singapore’s most established brokerages, with a long history dating back to 1975. As part of PhillipCapital, it offers a fully local, MAS-regulated trading environment with broad market access and deep institutional credibility. For Singapore investors, POEMS stands out as a traditional, full-service broker—less focused on ultra-low fees, but strong on trust, product range, and local market integration.
POEMS is not the cheapest options broker in Singapore, but its pricing is transparent and consistent.
Key points:
- Options and derivatives fees typically fall in the range of ~$1.50–$3.00 per contract (SGD equivalent)
- Commission structures vary depending on account tier and market
- Additional fees may apply for custody, depending on account type
Compared to newer platforms:
- Costs are higher than low-cost brokers like uSMART or Moomoo
- But pricing is stable and predictable, without aggressive promotional changes
POEMS is better suited to traders who prioritise reliability over the lowest possible cost.
This is a major strength of POEMS.
The platform provides access to:
- 18+ global exchanges through a single account
- A wide range of instruments including options, futures, stocks, ETFs, and bonds
- Coverage across Singapore, Asia, and major global markets
In addition:
- Investors can choose between CDP-linked accounts (direct ownership of SG shares) or custodian accounts
- Strong integration with SGX-listed products and local markets
This makes POEMS one of the most comprehensive platforms for multi-asset trading in Singapore.
Yes—Phillip Securities is fully regulated by the Monetary Authority of Singapore (MAS) and has decades of operating history.
Investor protections include:
- Segregation of client funds
- Option for CDP-linked accounts, where assets are held directly in the investor’s name
- Compliance with Singapore’s Securities and Futures Act (SFA)
As part of PhillipCapital, which manages over US$65 billion in assets globally, the platform offers strong institutional backing.
POEMS offers a multi-platform ecosystem, including:
- POEMS 2.0 (web and mobile)
- POEMS Mercury (advanced desktop platform)
Key strengths:
- Access to research tools from Trading Central and Autochartist
- Stable execution and long-established infrastructure
- Broad functionality across asset classes
However:
- The interface can feel dated compared to newer apps
- Less intuitive for beginners compared to mobile-first platforms
Overall, POEMS prioritises functionality and reliability over design simplicity.
POEMS is best for Singapore-based investors who prioritise trust and local integration:
- Traders who want a fully MAS-regulated, Singapore-based broker
- Investors who prefer CDP-linked ownership of assets
- Those trading across multiple asset classes and markets
- Users who value long-term reliability over lowest fees
It is less suitable for traders focused purely on low-cost, high-frequency options trading.
Are platforms for options trading in Singapore safe?
Options trading brokers in Singapore are generally safe when they operate under the country’s regulatory framework. However, safety ultimately depends on how the platform is licensed, what products you trade (listed options vs CFDs), and how client funds are handled.
Options trading platforms serving Singapore investors are primarily overseen by the Monetary Authority of Singapore (MAS), one of the most respected financial regulators globally.
MAS licensing and requirements
Brokers offering options and other capital markets products typically need a Capital Markets Services (CMS) licence under the Securities and Futures Act (SFA). MAS enforces strict requirements, including:
- Capital adequacy rules, ensuring brokers remain financially stable
- Segregation of client funds, so customer money is kept separate from company capital
- Regular audits and compliance reporting
- Fit and proper standards for management and operations
Singapore is also home to the Singapore Exchange (SGX), where listed derivatives are centrally cleared. This reduces counterparty risk and adds another layer of market integrity.
Safety varies depending on the type of asset or product you are trading.
Securities vs derivatives
- Stocks and ETFs
Assets are either held in custody or through CDP structures and are segregated from broker assets - Exchange-traded options
Benefit from regulated clearing systems and margin controls, but do not have insurance-style protection - CFDs and leveraged derivatives
These are over-the-counter products, meaning the broker is the counterparty
Unlike some jurisdictions, Singapore does not offer a fixed investor compensation scheme (e.g. no $500,000-style coverage). Instead, protection relies on:
- Strong regulation
- Proper fund segregation
- Broker financial strength
Top-tier brokers in Singapore typically go beyond minimum regulatory requirements.
Common safety features
- Client funds held in segregated trust accounts with banks like DBS or HSBC
- Multi-jurisdictional regulation (e.g. MAS + FCA or ASIC)
- Public financial disclosures for listed companies
- Internal risk controls such as:
- Real-time margin monitoring
- Automatic liquidation thresholds
- Pre-trade risk checks
Some platforms also provide negative balance protection, particularly for retail CFD accounts, although this is not universal.
Even when using a fully regulated platform, options trading carries significant inherent risk.
Key risks to understand
- Options pricing depends on multiple factors, including volatility and time decay
- Leverage can amplify both profits and losses
- Traders can lose 100% of their premium, or more with certain strategies
- Margin requirements can change quickly during volatile market conditions
Regulation protects against broker failure or misconduct, but it does not prevent trading losses.
A platform is generally considered safe in Singapore when it meets a few key criteria.
What to look for
- Licensed by the Monetary Authority of Singapore (MAS)
- Clear explanation of how client funds are held and segregated
- Transparent disclosure of fees, risks, and margin requirements
- Strong track record or backing from a well-capitalised parent company
- Access to regulated exchanges such as SGX or major global markets
- Availability of risk management tools like stop-losses and margin alerts
Options trading platforms in Singapore are among the most secure globally when properly regulated, thanks to strong MAS oversight and strict rules around client funds.
However, protection depends on the product. Options and derivatives are not insured investments, and while regulation reduces operational risk, it does not eliminate market risk.
The safest approach is to use a MAS-regulated platform, understand how your funds are held, and actively manage risk when trading options—especially when leverage is involved.
Methodology: How We Score the Best Options Trading Brokerages in Singapore
Each options trading platform featured in this guide was evaluated using a standardised, data-driven scoring framework designed to ensure fair, consistent, and transparent comparisons for Singapore-based investors.
Platforms were assessed through hands-on testing of live and demo accounts, alongside a detailed review of pricing structures, product disclosures, and regulatory status. The methodology combines practical platform testing, quantitative fee analysis, feature and market coverage evaluation, and independent safety checks to reflect how each provider performs in real-world trading conditions.
The scoring framework covers eight core categories:
| Scoring category | What we assess |
|---|---|
| Investing options | The ways users can trade and invest, including direct options trading, multi-leg strategies, long-term investing, and access to derivatives |
| Platforms and usability | Ease of use, interface design, execution speed, and stability across web, desktop, and mobile platforms |
| Products and markets | The range of tradable assets, including options, stocks, ETFs, indices, and access to global exchanges |
| Safety and reliability | Regulatory oversight (including the Monetary Authority of Singapore), investor protection, company background, and operational track record |
| Deposits and withdrawals | Funding methods, processing times, fees, withdrawal policies, and ease of moving money in and out in SGD ($) |
| Research tools | Availability and quality of charting tools, options chains, Greeks, screeners, market data, and analytics features |
| Fees and costs | Options commissions (per contract), spreads, currency conversion costs, and non-trading fees |
| Education | Quality of educational content, tutorials, webinars, and in-platform guidance for options trading |
Each category is scored on a 0–5 scale. Scores are then weighted based on their importance to options traders, with factors such as regulation, trading costs, platform performance, and market access carrying greater influence.
The weighted results are combined to produce the overall platform rating, enabling objective, side-by-side comparisons across providers available in Singapore.
How to pick the right options broker in Singapore for you
Choosing the right options trading platform in Singapore comes down to aligning the platform with how you actually trade—your experience level, strategy type, cost sensitivity, and need for tools. The market broadly splits into two approaches:
- Direct options brokers → charge per-contract fees (~$0.65–$2.00 SGD equivalent) and support full strategies (spreads, hedging, income trades)
- CFD-based platforms → use spread-based pricing and are better suited for short-term, directional trading
Before selecting a platform, focus on three fundamentals:
- Regulation: Platforms licensed by the Monetary Authority of Singapore (MAS) offer segregated client funds, capital requirements, and local oversight
- True trading costs: Include commissions, platform fees, FX conversion (SGD $), and margin financing
- Platform fit: The right tools (options chains, Greeks, execution speed) should match your trading style
The categories below act as a decision shortcut, helping you quickly identify the most suitable platform without overthinking.
- Webull: One of the most cost-efficient platforms, with pricing around ~$0.55 per contract (SGD equivalent) and no platform fees. Particularly suitable for frequent traders placing simple trades where cost control is critical.
- Moomoo: Typically ~$0.50–$0.70 per contract, with frequent $0 commission promotions. Also includes advanced data like implied volatility and open interest, which adds value beyond pricing.
- uSMART: Offers $0 commission + low platform fees (~$0.30–$0.40 per contract), making it one of the cheapest entry points for beginners or smaller accounts.
These platforms are best when cost per trade is the main driver, especially for high-frequency or small-ticket trading.
- Interactive Brokers: Provides access to 30+ global options exchanges, covering equities, indices, and futures options. Fees can be as low as ~$0.20–$0.90 SGD per contract, making it both comprehensive and cost-efficient at scale.
- Saxo Bank: Offers access to 3,000+ listed options across 20+ exchanges, with strong MAS regulation and premium tools. Pricing is higher (~$1.00–$2.70 SGD per contract), but the platform delivers depth and reliability.
These are the strongest choices for traders who need multi-leg strategies, global diversification, and professional-grade execution.
- Tiger Brokers: Clean, intuitive interface with support for 18+ options strategies, including spreads and covered positions. Pricing is competitive at around ~$0.90 SGD per contract.
- Moomoo: Combines ease of use with powerful analytics, making it one of the easiest platforms to grow into as skills improve.
- eToro: Simplest overall platform, with $0 commission on stocks and ETFs, though options exposure is indirect rather than fully featured.
These platforms reduce friction with clean interfaces, fast onboarding, and intuitive navigation, making them ideal for newer traders.
- Phillip Securities (POEMS): A long-established Singapore broker offering CDP-linked account options and access to 18+ global exchanges. Fees are higher (~$1.50–$3.00 per contract), but trust and stability are key strengths.
- Saxo Bank: Fully MAS-regulated with strong institutional backing and high compliance standards.
- IG: MAS-licensed platform with access to 10,000+ global markets, suitable for traders who want a broad multi-asset setup.
These platforms prioritise regulatory strength, operational reliability, and long-term security, which is especially important for larger portfolios.
- Interactive Brokers: Industry-leading tools including options chains, Greeks (Delta, Gamma, Theta), and scenario analysis, designed for precision and strategy optimisation.
- CMC Markets: Offers advanced charting with 80+ technical indicators, fast execution, and strong tools for traders using CFD-based options strategies.
These platforms are best suited to traders who rely on data, analytics, and execution quality, rather than just simplicity or low cost.
The shortcut
- Choose Interactive Brokers or Saxo Bank if the goal is full-scale options trading with global access and advanced strategies
- Choose Webull, Moomoo, or uSMART if the priority is keeping trading costs as low as possible
- Choose Tiger Brokers or Moomoo if you want a balance of ease of use and functionality
- Choose POEMS or IG if you value MAS-regulated security and a locally trusted broker
Focusing on these three factors—fees, tools, and regulation—will quickly narrow the field and help you select the platform that best matches your trading style, without unnecessary complexity.
How to open an options trading account in Singapore
Opening an options trading account in Singapore is a structured process designed to meet regulatory, identity verification, and suitability requirements—especially because options are leveraged financial instruments.
While the exact steps vary slightly by provider, most platforms follow a similar framework under the oversight of the Monetary Authority of Singapore (MAS).
Start by selecting a broker that is licensed by the Monetary Authority of Singapore (MAS) or is legally accessible to Singapore residents.
Before applying, confirm:
- Whether the platform offers direct options trading (per-contract pricing) or CFD-based options exposure
- Minimum deposit requirements (commonly $0 to $3,000 SGD)
- Options trading fees (typically ~$0.65–$2.00 SGD equivalent per contract)
- Market access (e.g. global equity and index options vs limited instruments)
- Whether the broker holds a Capital Markets Services (CMS) licence under Singapore law
Platforms such as Saxo Bank, Interactive Brokers, Tiger Brokers, and Moomoo operate under MAS regulation or strong international frameworks.
Most Singapore brokers offer a fully digital onboarding process that typically takes 10–20 minutes.
You will be required to provide:
- Full legal name, residential address, and date of birth
- National ID (NRIC) or passport details
- Tax residency information
- Employment status and annual income range
- Estimated net worth and liquid assets
- Trading experience, particularly with options or leveraged products
These questions are required under MAS regulations to assess whether options trading is suitable for your financial profile.
Identity verification is mandatory under Singapore’s Know Your Customer (KYC) and Anti-Money Laundering (AML) rules.
Most platforms require:
- A government-issued ID (NRIC or passport)
- Proof of address (if not verified via Singpass/MyInfo)
- Facial verification or video identification (on some platforms)
Many brokers in Singapore support Singpass/MyInfo integration, which can significantly speed up the process.
Verification is typically completed within 1–2 business days.
Options trading is not automatically enabled. You must apply for derivatives or options trading approval.
This step usually involves:
- Completing a Customer Knowledge Assessment (CKA) or Customer Account Review (CAR)
- Acknowledging risk disclosures explaining leverage, margin, and potential losses
- Demonstrating sufficient financial knowledge or trading experience
If the requirements are not met, some platforms may:
- Restrict access to options trading
- Require additional education or documentation
Approval timelines vary but are typically completed within 1–3 business days.
Once approved, you can fund your account using local payment methods.
Common funding options in Singapore include:
- Bank transfers (FAST or PayNow) – typically free and processed within minutes to 1 business day
- Wire transfers – same-day or next-day processing (fees may apply)
Most platforms require funds to come from a bank account in your own name, in line with AML regulations.
Before trading options, configure your platform and data settings.
This may include:
- Activating market data subscriptions (some platforms provide basic data for free; advanced feeds may cost ~$10–$20 SGD/month)
- Choosing your trading interface (web, desktop, or mobile)
- Setting up risk controls, such as margin alerts and position limits
More advanced platforms (e.g. Interactive Brokers, Saxo Bank) also allow:
- Options chain customisation
- Strategy builders
- Greeks (Delta, Gamma, Theta) analysis
Many platforms offer paper trading (demo accounts), allowing you to practise options strategies using real-time data without financial risk.
This is strongly recommended, especially for beginners, as options trading involves:
- Time decay (theta)
- Volatility sensitivity
- Leverage and margin risks
Once comfortable, live trading can begin immediately after funding and platform setup.
Opening an options trading account in Singapore is straightforward but deliberately thorough. The process prioritises regulatory compliance, identity verification, and suitability checks, particularly because options are complex and leveraged instruments.
By choosing a MAS-regulated platform, completing the required assessments, and understanding funding and trading costs in SGD ($), investors can open an account with confidence and begin trading options in a structured, compliant environment.
FAQs
While many brokers advertise $0 minimum deposits, a practical starting balance is often $2,000–$5,000 SGD. This allows traders to meet margin requirements, manage risk across multiple positions, and avoid forced liquidations—especially on platforms regulated by the Monetary Authority of Singapore (MAS).
Singapore does not impose capital gains tax, but profits from options trading may be considered taxable income if trading is deemed a business activity by the Inland Revenue Authority of Singapore (IRAS). Factors such as trading frequency, intent, and reliance on trading income are typically considered.
Margin requirements vary by broker and strategy, but many platforms require at least $2,000–$10,000 SGD for margin-enabled accounts. More complex strategies (e.g. uncovered options) can require significantly higher margin due to increased risk exposure.
Some platforms offer extended trading sessions for selected markets, allowing trading outside regular hours. However, availability is typically limited to major global equities and indices, and liquidity during these periods can be lower, affecting spreads and execution quality.
Most retail-focused platforms support 10 to 20 common strategies, including covered calls,protective puts, and vertical spreads. More advanced platforms (e.g. Interactive Brokers or Saxo Bank) support a wider range of multi-leg and customised strategies, suitable for experienced traders.