Quick answer: Starting your investment journey in Singapore? These seven trading platforms cut through the complexity with beginner-friendly features. IG’s thorough education and global instruments build confidence, moomoo’s mobile-first zero-commission model rewards the hands-on learner, and POEMS offers a local flavour with holistic wealth management. Whether you want to practice with virtual money or begin small with no minimum deposit, there’s a steady option here.
Not sure this is the right list? Best Investing & Insurance in Singapore has 25 others alongside it.
IG
IG is the sort of place you’d recommend to a friend who wants to get serious about trading without feeling thrown in the deep end. Its office sits at 9 Battery Road, #01-02 MYP Centre, but you’ll likely never need to visit – the platform lives comfortably on your desktop or phone. Over 13,000 instruments – stocks, forex, indices, commodities – sit behind an interface that’s drag-and-drop simple, and real-time alerts keep you in the loop while you go about your day. SGD-denominated trades mean no currency conversion surprises, and 24/7 trading support answers your late-night “is this order right?” questions. A free demo account lets you practice with virtual funds until you feel steady. Low spreads keep costs in check, and the educational library is thick with webinars and articles to build your knowledge.
Practical bits: Call +65 6390 5133 or email [email protected]. Office hours Monday to Friday, 9am to 6pm. Head to www.ig.com/sg to open an account. No minimum deposit to start; commissions vary by product but are competitive.
This one suits the beginner who really wants to understand the market before putting real money down. The demo account is a godsend for that – you can fiddle with charts, test strategies, and only switch to live trading when you’re ready. If you’re the sort who reads the manual first, IG is your move.
Interactive Brokers
Interactive Brokers might look like it was built for the pros, but peel back the layers and you’ll find a beginner-friendly on-ramp that won’t make you feel paiseh. Based at Asia Square Tower 1, Marina View, #40-02A 8, the brand gives you access to stocks, options, futures, currencies, bonds and funds across more than 150 markets – the kind of breadth that lets your portfolio grow with your confidence. Their Trader Workstation is packed with advanced charting, but the mobile app is where most new investors live – clean, quick, and SGD 2.50 per SGX order keeps costs refreshingly low. No minimum deposit, so you can start small and add as you learn.
Practical bits: Call +65 6990 5200 or email [email protected]. Office hours Monday to Friday, 9am to 6pm. Open an account at www.interactivebrokers.com.sg. SGD funding available; commissions from SGD 2.50 per trade on SGX.
Ideal for the beginner who’s already thinking a few steps ahead – you want to dabble in local stocks today but know you might want US options or global ETFs tomorrow. The low-cost structure means you won’t get eaten alive by fees while you experiment, and the platform’s depth means you won’t outgrow it too soon.
We keep these lists updated by hand. If you run something that fits, get in touch before the next revision.
Saxo Markets
Saxo Markets has a Scandinavian polish that makes navigating 71,000-plus products feel remarkably unhurried. Their platform, SaxoTraderGO, rolls research, webinars and intuitive trading into one screen, so you’re not jumping between ten tabs trying to figure out why a stock moved. No minimum deposit takes the pressure off, and SGD 3 per trade minimum keeps the maths simple. They’re at 88 Market Street, #40-02 CapitaSpring, with the same Monday-to-Friday, 9am to 6pm rhythm as most local brokerages. If you’d rather learn by watching, the integrated webinars walk you through everything from bond pricing to forex swings.
Practical bits: Call +65 6303 7800, email [email protected], or visit www.home.saxo/en-sg. Office at 88 Market Street, #40-02 CapitaSpring, Singapore 048948. Monday to Friday, 9am to 6pm. No minimum deposit; trades from SGD 3.
Best for the beginner who values a calm, research-first approach. You get access to an enormous pool of instruments – stocks, ETFs, bonds, forex – presented without the clutter that usually scares off newcomers. It’s a quiet confidence-machine.
Moomoo
Moomoo feels like it was designed for a generation that checks their phone more than their desktop. True enough – the app is where it shines, letting you trade stocks, ETFs, options and REITs across US, Singapore and Hong Kong markets. Zero commissions on select trades and promotional bonuses sweeten the deal for a beginner; there’s even a debit card that earns you shares while you spend. The paper trading feature is a solid sandbox, and the community chat brings a supper-club energy to what can otherwise be a lonely pursuit. They operate from 10 Marina Blvd, Tower 2, #31-01 Marina Bay Financial Centre, with support hours stretching 24 hours on trading days.
Practical bits: Call +65 6321 8888, email [email protected], or jump to www.moomoo.com/sg. Trading days 24-hour support; holidays 9:30am–9:30pm. No minimum deposit; zero commission on select trades.
If you learn by doing and want instant feedback, moomoo is the most interactive of the lot. The real-time data and social features turn learning into a game, and the low-cost model means you can start with whatever’s in your pocket after kopi money. Die die must try the paper trading first, lah – then go live once you get the hang.
Tiger Brokers
Tiger Brokers took the low-fee, high-access playbook and gave it a local twist that clicks with Singaporeans. The Tiger Trade app covers stocks, options, futures and funds, with real-time quotes and analysis tools that don’t ask for a finance degree. Commissions start from 0.005 USD/share – steady on the wallet – and there are no platform fees for certain accounts. A debit card that fires rewards back at you feels like a small but thoughtful bonus. Their office is at 1 Raffles Place, #35-61 One Raffles Place Tower 2, with weekday hours from 8:30am to 6:30pm.
Practical bits: Phone: +65 6331 2277. Email: [email protected]. Site: www.itiger.com/sg. Address: 1 Raffles Place, #35-61 One Raffles Place Tower 2, Singapore 048616. Weekdays 8:30am–6:30pm. No minimum deposit; commissions from 0.005 USD/share.
Kiasu about fees? This one’s built for you. Tiger Brokers keeps the cost so low you can experiment with different markets without flinching. The educational tools are baked right into the app, so you’re learning while you trade, and the no-platform-fee structure for certain accounts keeps the focus on your portfolio, not your bill.
We keep these lists updated by hand. If you run something that fits, get in touch before the next revision.
POEMS
POEMS is the old-school local favourite that has quietly kept up with the times. Run by Phillip Securities from Raffles City Tower at 250 North Bridge Road, #06-00, it covers stocks, ETFs, bonds and unit trusts across SGX and global exchanges. The brokerage fees start at a gentle 0.08%, and there’s no minimum deposit – you can begin with whatever you’re comfortable staking. Their mobile app keeps you connected to real-time prices and research reports, while the integrated wealth management advice means you can graduate from simple trades to a fuller financial plan without switching platforms.
Practical bits: Call +65 6531 1555, email [email protected], or sign up at www.poems.com.sg. Office at 250 North Bridge Road, #06-00 Raffles City Tower, Singapore 179101. Monday to Friday, 8:30am to 6pm. Brokerage from 0.08%, no minimum deposit.
This is the one for someone who wants a bit of hand-holding from a name their parents might recognise. The local expertise runs deep, the research is tailored for Singaporean investors, and the holistic approach means you’re not just trading – you’re building a portfolio with guidance you can actually call and talk about.
FSMOne
FSMOne, sitting high at Ocean Financial Centre on Collyer Quay, is the kind of platform that organises the clutter of ETFs, bonds, stocks and managed portfolios into something a newcomer can actually digest. Flat fees from USD 3.8 keep the maths transparent, and they don’t charge custody fees on certain products – so you’re not leaking money while you learn. Educational webinars and research reports come bundled in, and there’s even a debit card to pull your investing and spending closer together. Their office opens Monday to Friday, 8:30am to 5:30pm, though most of your engagement will be through the website.
Practical bits: Phone +65 6557 2853, email [email protected], or head to www.fsmone.com.sg. Address: 10 Collyer Quay, #26-01 Ocean Financial Centre, Singapore 049315. Weekdays 8:30am–5:30pm. Flat fees from USD 3.8; no custody charges on some products.
If you’re the kind who likes to see all your options laid out neatly – funds here, bonds there, a managed portfolio on the side – FSMOne delivers that clarity. The flat-fee structure removes guesswork, and the regional focus makes it a strong pick for beginners who want to build balanced, long-term wealth without the noise.
How to choose
Pick the platform that matches your learning style, not just the cheapest fees. If you need a practice run with zero risk, prioritise a solid demo account – IG and moomoo both do this well. If you’re cost-conscious and plan to trade small amounts often, look at the commission structure: moomoo and Tiger Brokers keep per-trade fees dramatically low, while Interactive Brokers and Saxo offer low rates with broader access. For someone who values local support and a more guided path, POEMS and FSMOne bring Singapore-centric research and advisory.
A fair starting range for fees in Singapore runs from about SGD 2.50 per trade (IBKR) to 0.08% brokerage (POEMS) or a flat USD 3.8 (FSMOne). Minimum deposits aren’t a worry – almost every platform on this list lets you open an account with zero. Check whether the platform covers the markets you care about; US and Hong Kong stocks are standard on the newer apps, while IG and Interactive Brokers go deeper into bonds, futures and commodities. When you’re ready to compare beyond these seven, our list of Stock Trading Platforms in Singapore covers advanced tools and full market access. And when you need a break from the charts, our guide to Online Shopping Platforms in Singapore might lighten the mood.
| Platform | Key Instruments | Fee Signal | Minimum Deposit | Demo Account | Standout For |
|---|---|---|---|---|---|
| IG | 13,000+ CFDs (stocks, forex, indices, commodities) | Low spreads; SGD-denominated | None | Yes | Comprehensive education & global exposure |
| Interactive Brokers | Stocks, options, futures, bonds, funds across 150+ markets | From SGD 2.50 per SGX order | None | Yes | Institutional breadth at low cost |
| Saxo Markets | 71,000+ products (stocks, ETFs, bonds, forex) | From SGD 3 per trade | None | Yes | Research-driven, multi-asset calm |
| Moomoo | Stocks, ETFs, options, REITs (US, SG, HK) | Zero commission on select trades | None | Yes | Mobile-first, interactive learning |
| Tiger Brokers | Stocks, options, futures, funds | From 0.005 USD/share; no platform fees on some accounts | None | Check with the business | Ultra-low fees and rewards card |
| POEMS | Stocks, ETFs, bonds, unit trusts (SGX & global) | Brokerage from 0.08% | None | Check with the business | Local expertise and holistic advisory |
| FSMOne | ETFs, bonds, stocks, managed portfolios | Flat fees from USD 3.8; no custody charges on some | None | Check with the business | Clarity and long-term wealth building |
Summary
These seven platforms cover every beginner temperament – from cautious student to eager experimenter. IG and Saxo give you room to study and practice, moomoo and Tiger Brokers put low-cost trading in your pocket, and POEMS and FSMOne wrap local knowledge around a broader wealth plan. Pick one that matches how you learn, start small, and let curiosity – not pressure – steer your early trades.
Disclaimer: Details can change. Always confirm commission schedules, fees, and market access directly with the platform before opening an account.
Frequently asked questions
Which trading platform is best for someone who has never invested before?
IG stands out for its thick educational library and demo account, allowing you to learn without risking money. Moomoo also works well if you prefer learning on your phone with community support.
Do these platforms offer a way to practice with fake money?
Yes. IG, moomoo, Interactive Brokers and Saxo all provide demo or paper-trading accounts. POEMS, Tiger Brokers and FSMOne may offer similar tools – check with the business to be sure.
How much money do I actually need to open an account?
All seven platforms in this list allow you to open an account with no minimum deposit. The real question is the cost per trade, which ranges from a few dollars per order to fractions of a percent in brokerage.
Are these platforms licensed and safe in Singapore?
Every platform listed is regulated by the Monetary Authority of Singapore or holds a capital markets services licence, meaning they operate under Singapore’s strict financial rules.
Can I buy US or Hong Kong stocks through these platforms?
Most of them cover US and Hong Kong markets. Moomoo and Tiger Brokers specialise in these exchanges with low fees, while IG and Interactive Brokers open up even more global markets. Confirm specific market access on each platform’s website.
What’s a reasonable fee for a first-time trade?
Fees vary. Commissions as low as SGD 2.50 (Interactive Brokers) or 0.005 USD/share (Tiger Brokers) are common among beginner-friendly platforms. Saxo starts at SGD 3, while POEMS charges around 0.08% brokerage. Always check the latest fee schedule before trading.
