In the dynamic financial landscape of Singapore, options trading platforms empower discerning investors to hedge risks, leverage market movements, and diversify portfolios with precision. These platforms are essential for affluent individuals seeking advanced tools, competitive pricing, and seamless access to global markets, all while adhering to stringent MAS regulations. This curated list showcases seven standout options, each offering unique advantages to elevate your investment strategy.
1. Interactive Brokers
As a global leader in brokerage services, Interactive Brokers stands out in Singapore for its robust technology and low-cost structure, catering to experienced traders who demand extensive market access and sophisticated execution capabilities (UEN: 201915420Z).
Products or Services
Interactive Brokers provides comprehensive options trading across over 30 markets, including US, European, and Asian exchanges. Key highlights include advanced tools like OptionTrader for strategy building, low commissions starting at US$0.65 per contract, and integration with stocks, futures, and forex for multi-asset strategies.
Reviews and Feedback
Traders praise its powerful analytical tools and low fees, with BrokerChooser awarding it a 4.9/5 overall score for broad market access and research capabilities. It has also received recognition from Barron’s as a top online broker for several years.
Contact Information & Location
- Phone Number: +65 69905200
- Address: 1 Harbourfront Place #12-01 Harbourfront Tower 1, Singapore 098633
Website
2. Saxo
Saxo delivers a premium trading experience tailored for high-net-worth individuals in Singapore, combining institutional-grade tools with a user-friendly interface to facilitate strategic options plays (UEN: 200601141M).
Products or Services
The platform supports options trading on 20 markets, featuring instruments like vanilla options and futures options. Standout elements include the SaxoTraderPRO for customizable workflows, competitive commissions from US$2 per contract, and access to over 71,000 instruments for integrated hedging.
Reviews and Feedback
Users commend its broad product portfolio and outstanding research, earning a 5.0/5 trading platform score from BrokerChooser. Saxo has been honored with awards like Best Broker for CFDs at the ADVFN International Financial Awards.
Contact Information & Location
- Phone Number: +65 6303 7888
- Email: [email protected]
- Address: 88 Market Street, CapitaSpring #31-01, Singapore 048948
- Operating Hours: 9:00 AM – 5:30 PM Monday to Friday
Website
3. Moomoo
Moomoo brings innovative, tech-driven options trading to Singapore’s affluent investors, emphasizing intuitive design and community insights for informed decision-making (UEN: 201942579C).
Products or Services
Offering options on US and Hong Kong markets, Moomoo features low fees with US$0.65 per contract commissions, customizable option chains, and indicators like open interest value. It stands out with zero-commission US stocks and real-time data for seamless strategy execution.
Reviews and Feedback
Customers highlight its user-friendly interface and helpful tools, as noted in Growbeansprout reviews. Moomoo has garnered accolades for its educational services and analytical prowess from BrokerChooser.
Contact Information & Location
- Phone Number: +65 6321 8888
- Email: [email protected]
- Address: 10 Marina Boulevard #31-01 Marina Bay Financial Centre Tower 2, Singapore 018983
- Operating Hours: 24 hours on trading days; 09:30 AM – 09:30 PM SGT on holidays or weekends
Website
4. Tiger Brokers
Tiger Brokers appeals to Singapore’s savvy traders with its modern, mobile-first approach, enabling efficient options strategies in a fast-paced environment (UEN: 201810449W).
Products or Services
The platform enables trading of US options with commissions at US$0.65 per contract, supporting nine strategies like spreads and covered calls. It excels with a clean interface, ultra-low fees, and access to SGX, NYSE, and other exchanges for diversified portfolios.
Reviews and Feedback
Investors appreciate its beginner-friendly design and low costs, as per Growbeansprout feedback. Tiger Brokers has been recognized for innovation in fintech awards.
Contact Information & Location
- Phone Number: +65 6331 2277
- Email: [email protected]
- Address: 1 Raffles Place #35-61 One Raffles Place, Singapore 048616
- Operating Hours: Weekdays 8:30 AM – 5:00 AM (next day) SGT
Website
5. POEMS
POEMS, backed by a legacy institution, offers reliable options trading for Singapore’s elite investors, blending tradition with cutting-edge features (UEN: 197501035Z).
Products or Services
It provides options on global exchanges with commissions at US$0.88 per contract, alongside stocks, ETFs, and futures. Unique aspects include CDP-linked accounts and advanced charting for precise risk management.
Reviews and Feedback
Clients value its broad market access and established reputation, with positive mentions in Stashaway guides. POEMS has won awards like Best Brokerage Firm from The Edge Singapore.
Contact Information & Location
- Phone Number: +65 6230 8133
- Email: [email protected]
- Address: 250 North Bridge Road #06-00, Raffles City Tower, Singapore 179101 (More branches available here)
- Operating Hours: Monday to Friday 8:45 AM – 12:00 AM; Saturday 8:30 AM – 1:00 PM
Website
6. Webull
Webull captivates Singapore’s discerning traders with its zero-fee structure and advanced analytics, ideal for optimizing options positions (UEN: 202116981M).
Products or Services
Focusing on US options with US$0.55 per contract fees, Webull offers built-in screeners, customizable chains, and 24-hour trading access. It distinguishes itself with no platform fees and tools for long/short strategies.
Reviews and Feedback
Users rave about its low commissions and mobile app, earning a 5.0/5 platform score from BrokerChooser. Webull has been lauded for zero-commission trading in industry reviews.
Contact Information & Location
- Phone Number: +65 6013 3322
- Email: [email protected]
- Address: 182 Cecil Street #31-02 Frasers Tower, Singapore 069547
- Operating Hours: Monday 09:00 SGT to Saturday 08:00 SGT
Website
7. uSMART
uSMART provides a smart, AI-enhanced platform for Singapore’s affluent options enthusiasts, focusing on efficiency and high returns on idle capital (UEN: 202110113K).
Products or Services
Supporting US and Hong Kong options with zero minimum fees, uSMART features AI-driven tools, CFD integration, and high interest on cash. It shines with low commissions and data-driven insights for strategic trading.
Reviews and Feedback
Traders highlight its modern interface and rewards, as featured in Stashaway. uSMART has received positive nods for its innovative approach in fintech circles.
Contact Information & Location
- Phone Number: +65 63030663
- Email: [email protected]
- Address: 3 Phillip Street #12-04 Royal Group Building, Singapore 048693
- Operating Hours: Day desk 9:00 AM – 6:00 PM Monday to Friday; Night desk 3:30 PM – 12:00 AM Monday to Friday
Website
Summary
These seven platforms represent the pinnacle of options trading in Singapore, each equipped to support sophisticated strategies with competitive edges in fees, tools, and accessibility. Whether you prioritize global reach or intuitive tech, exploring these options will refine your investment approach and unlock new opportunities in the markets.
Disclaimer: All information provided here has been compiled from publicly available sources. While we have made every effort to ensure accuracy, we do not guarantee that the information is complete or error-free. We disclaim any liability for inaccuracies or omissions. If you find any errors or have concerns about the content, please let us know so we can address them promptly.