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Quick answer: Interactive Brokers and Saxo Markets are built for traders who know their way around global markets and want low, transparent costs. For frequent CFD traders, IG and CMC Markets give you depth and strong analysis tools. If you prefer a slick app and commission-free US stock trading, moomoo SG, Tiger Brokers, and Webull Singapore are hard to look past. All seven are regulated by MAS, so your money stays within the rules.
Options trading demands specific platform features, so see our guide to options trading platforms in Singapore.
For most Singapore traders, one platform stands out as the safe, sensible start. No sian spreadsheets or second-guessing – just a clear match for your trading style. Below, each entry gives you the straightforward verdict: pick this if, skip that when.
Part of Best Investing & Insurance in Singapore: 26 guides covering this ground, for the wider view before you choose.
Singapore’s trading landscape has come a long way from calling your broker during lunch. These days, you can buy a slice of Apple or bet on the Straits Times Index right from your phone. But with so many apps claiming to have the best tools and lowest fees, picking one can feel like reading a prospectus in a foreign language. These seven platforms—each licensed by the Monetary Authority of Singapore—actually deliver what they promise, whether you’re rebalancing a six-figure portfolio or just testing the waters with a few hundred bucks.
Interactive Brokers
If you spend more time in thinkScript than Netflix, Interactive Brokers is probably already on your radar. Based out of Asia Square Tower 1, this platform gives you direct market access to over 1,696 SGX instruments — from stocks and futures to ETFs, options, and structured products. It also handles crypto and U.S. spot gold, which is not something every broker in Singapore offers. Commissions for SGX trades start at SGD 2.50, and volume pricing gets even leaner. Three dedicated mobile apps (IBKR Mobile, IBKR GlobalTrader, and Impact) let you trade, research, and even align investments with your values without switching devices.
MAS-regulated and built for people who take investing seriously, Interactive Brokers doesn’t hold your hand — it hands you the keys. You’ll get advanced order types, deep research, and access to markets most retail platforms don’t touch. The only real catch is that the interface can feel like a cockpit if you’re just starting out. But if you know your way around a limit order and want rock-bottom borrowing rates, this is the one your stock-savvy kakis have been telling you about.
Interactive Brokers is the default for traders who build their own analysis tools. If you want SGX, crypto, and spot gold under one roof with institutional-grade execution, it’s the obvious choice. The interface is powerful, not pretty – so skip it if you’ll resent the learning curve.
Address: Asia Square Tower 1, Marina View, #40-02A 8, Singapore 018960
Phone: +65 6990 5200
Website: Interactive Brokers Singapore
Saxo Markets
Some platforms chase your download with meme coins and confetti. Saxo Markets does the opposite — it opens the door to over 70,000 instruments across 37 global exchanges and lets you get to work. Their Singapore office sits on Market Street, and from the SaxoTraderGO or PRO desktop, you can trade stocks, bonds, forex, commodities, options, futures, and CFDs without missing a beat. SGX stock trades cost as little as SGD 3, and there are no custody fees for SGX stocks and ETFs — a detail that adds up if you hold for the long haul.
With more than $100 billion in client assets and an MAS licence, Saxo is as close to a private banking trading desk as most of us will get. The research is detailed, the charting tools are serious, and the multi-asset view helps you see your whole portfolio at a glance. It’s the kind of platform that suits someone who wants Singapore stocks on Monday, German Bunds on Wednesday, and a gold CFD before the weekend without switching accounts. Just know that the sheer range of instruments can feel like walking into a warehouse with no shopping list — but if you like having every option, you’ll feel right at home.
Choose Saxo when your portfolio spans global bonds, forex, and equities and you need a single, serious workspace. It’s for the trader who wants a polished, professional terminal without the institutional hoops. Skip it if your universe is limited to US stocks.
Address: 88 Market Street, #40-02 CapitaSpring, Singapore 048948
Phone: +65 6303 7800
Website: Saxo Markets
Nobody paid to appear here. If you think there is a gap in this list, we would rather hear about it than not.
IG
If CFDs are your bread and butter, IG has been kneading the dough for decades. Out of their Battery Road office, they give you access to over 13,000 stock CFDs, including SGX shares, IPOs, and after-hours trading on over 70 symbols. They even offer SGD-denominated index CFDs so you don’t lose sleep over currency swings. Volume-based rebates sweeten the deal the more you trade, and their mobile app packs enough charting and risk management tools to let you manage positions from the kopitiam.
IG’s real strength is how much they invest in helping you learn. Their education resources — webinars, courses, articles — aren’t just a checkbox; they’re actually useful if you want to get sharper at technical analysis or risk sizing. It’s a solid fit for someone who trades CFD movements regularly and wants a broker that won’t surprise them with weird spreads during volatile sessions. Customer support is available by phone during weekday office hours at +65 6390 5133.
IG is the straightforward pick for CFD traders who value depth and a mobile app that doesn’t compromise. The SGD-denominated index CFDs remove a currency headache, and active traders get rebates that actually scale. Skip it only if CFDs aren’t your main tool.
Address: 9 Battery Road, #01-02 MYP Centre, Singapore 049910
Phone: +65 6390 5133 (9am to 6pm SGT, weekdays)
Website: IG Singapore
CMC Markets
CMC Markets has been on the London Stock Exchange since 2016 and brings that same institutional polish to its Singapore offering. You get nearly 12,000 tradable products — predominantly CFDs — including SGX-listed stock CFDs. Commissions kick in at SGD 10 or 0.1% of trade value, which is clear and upfront. A nice perk: you get 45 free trades a month on key markets, so if you’re a disciplined swing trader, you can keep your costs near zero. Their Next Generation mobile app is genuinely good for on-the-go charting, with over 80 technical indicators built in.
It’s the kind of platform where the fees don’t hide in the fine print, and the execution is quick. Support runs 24/5, useful if you’re trading US equities after midnight. If you prefer a broker that feels like a straightforward tool rather than a gamified experience, CMC is worth a look. Everything runs through their online portal at CMC Markets Singapore.
CMC Markets suits the methodical swing trader who plans entries and exits with discipline. The 45 free monthly trades make it feel like a subscription you can outsmart. If you need an all-in-one app with crypto and shares, look elsewhere – this is for CFDs done right.
moomoo SG
moomoo SG has become a household name for a reason — it brings muscle without the muscle ache. Operated by Moomoo Financial Singapore and licensed by MAS, it gives you access to US, Singapore, Hong Kong, and China A-shares markets. You can trade stocks, ETFs, options, CFDs, and a selection of cryptocurrencies, all inside one app. The real hook is zero-commission US stock trading and a year of free commissions on SG stocks. Fractional shares mean you can dip into a pricey tech stock without needing the full share price.
What sets moomoo apart is its AI-driven analytics and real-time Level 2 data, which feels less like a gimmick and more like having a junior analyst in your pocket. Over 1.5 million users in Singapore have signed up as of mid-2025, and the platform’s news feed and learning section actually make sense for someone who wants to understand why their stock moved, not just that it did. The Marina Bay Financial Centre office is the operational base, but the app is where all the action happens. If you like a clean interface and community vibes without the high-pressure sales, this is your jam.
moomoo SG is the go-to for new and intermediate investors who want zero-commission US stocks without sacrificing research tools. The interface feels modern, and the MAS licence keeps things safe. Pick this unless your trading is predominantly non-US or you need extensive bond markets.
Address: 10 Marina Blvd, Tower 2, #31-01 Marina Bay Financial Centre, Singapore 018983
Phone: +65 6321 8888
Website: moomoo SG
Tiger Brokers
Tiger Brokers has carved out a name by offering low fees and a global menu. Through its MAS-licensed entity at One Raffles Place, you can trade stocks, ETFs, options, futures, and funds across the US, Hong Kong, Singapore, China A-shares, and Australian markets. New accounts often enjoy up to six months of commission-free trading on SG and US trades, with regular commission starting from just SGD 0.99 per order — about the price of a teh peng with change. The platform leans heavily on AI tools to surface trends and ideas, which can be a time-saver if you’re too busy to scan charts daily.
The interface is clean, and the customer service — recognised with Best Customer Service 2023/24 by The Straits Times — suggests a genuine effort to be reachable when you need help. It has also picked up awards for fintech innovation and retail broking, pointing to a platform that’s serious about evolving. If you want a low-cost, multi-market broker that feels modern and doesn’t nickel-and-dime you on data, Tiger Brokers should be on your shortlist.
Tiger Brokers is the budget-friendly pick for multi-market access, especially if you trade both SG and US regularly. The generous commission-free window for new accounts makes it easy to start. If you need advanced charting or fixed-income instruments, you’ll outgrow it – but for straight-to-the-point trading, it’s a reliable workhorse.
Address: 1 Raffles Place, #35-61 One Raffles Place Tower 2, Singapore 048616
Phone: +65 6331 2277
Website: Tiger Brokers Singapore
Webull Singapore
Webull Singapore lives by the motto that paying commission is sian — so they don’t charge any for US stocks, ETFs, and options. Whether you’re after fractional shares, crypto exposure, or HK and China A-shares, this MAS-regulated platform at Cecil Street covers the bases without asking for a platform fee. Extended-hours trading and real-time data are standard, no hidden subscriptions. Their analytics tools are intuitive enough that you can move from scanning a chart to placing a trade without switching screens.
It’s a straightforward choice for anyone who wants to invest in US markets regularly and keep the costs close to zero. The mobile app is polished, and the learning hub is decent for fresher investors wanting to understand options or technical setups. The feeling of not seeing a commission line on your trade confirmation is damn shiok. Reach them at +65 6013 3322 if you prefer a voice, but most things work seamlessly through the app.
Webull Singapore makes zero-commission feel extra shiok with its deep analytics. It suits the cost-conscious investor who still wants real-time data and after-hours trading. Skip it if your primary market is Singapore or you need CFDs – it’s strongest when your focus is US and crypto.
Address: 182 Cecil Street #31-02 Frasers Tower, Singapore 069547
Phone: +65 6013 3322
Website: Webull Singapore
How to choose
Start with what you actually trade, not what you imagine you will trade next year. If your bread and butter is CFDs, IG and CMC Markets give you rock-solid platforms, deep liquidity, and transparent pricing. If you want the kind of global reach that lets you buy a Singapore REIT and a US Treasury bond in the same sitting, Saxo Markets is hard to fault. Professional-grade traders who need ultra-low margins and access to complex order types gravitate toward Interactive Brokers — it is essentially an institutional desk on your phone.
If you mostly buy and hold stocks, especially US equities, the zero-commission trio of moomoo, Tiger Brokers, and Webull will keep your transaction costs invisible. moomoo pulls ahead with its AI tools and learning library, Tiger with its cross-market menu and the teh-peng-sized SGD 0.99 entry point, and Webull with outright $0 commission on US stocks, ETFs and options. All three let you own fractional shares, so you can nibble at high-priced names without blowing your budget.
Every platform on this list holds an MAS licence, so your assets sit inside Singapore’s regulatory framework — non-negotiable these days. Before you commit, open a demo account where it is offered; get a feel for the interface and check that the research and charting match your style. Also look at funding options and currency conversion mark-ups, because the headline commission is only half the story. If your strategies lean heavily on options, we have a dedicated guide on Options Trading Platforms in Singapore for Sophisticated Investors. And if you’re comparing full-service brokers, take a look at Stock Brokers in Singapore for Sophisticated Investors. For a narrower stock-trading lens, Stock Trading Platforms in Singapore lays out the choices by share class and fees.
| Platform | Best For | Markets Access | Starting Commission (SGX/US approx.) | Notable Feature |
|---|---|---|---|---|
| Interactive Brokers | Professional traders | 1,696 SGX products, crypto, spot gold | SGD 2.50 / low tiered rates | Three dedicated mobile apps, rock-bottom margin |
| Saxo Markets | Multi-asset diversification | 70,000 instruments, 37 exchanges | SGD 3 (SGX stocks) | No custody fees on SGX stocks & ETFs |
| IG | CFD and FX trading | 13,000+ stock CFDs, after-hours trading | Volume-based rebates | SGD-denominated index CFDs, strong education |
| CMC Markets | Transparent CFD fees | ~12,000 products, SGX stock CFDs | SGD 10 or 0.1% | 45 free monthly trades, Next Generation app with top-tier charting |
| moomoo SG | Tech-forward investing | US, SG, HK, China A-shares, crypto | Zero (US) / free first year (SG) | AI analytics, real-time data, fractional shares |
| Tiger Brokers | Low-cost multi-market | US, HK, SG, China A-shares, AUS | SGD 0.99 | Up to 6 months commission-free, AI tools |
| Webull Singapore | Zero-commission US trading | US, HK, China A-shares, crypto | Zero (US stocks, ETFs, options) | Extended-hours trading, no platform fee |
Summary
From Interactive Brokers’ war chest of tools to the fresh, no-fee approach of Webull, Singapore’s trading platforms now cover every type of investor. The right pick depends on whether you want raw market access, a library of CFDs, or a fuss-free way to dollar-cost average into US stocks at zero commission. All seven are MAS-licensed, so you can focus on your strategy instead of worrying about custody. Open a demo account, clock some screen time, and trust what your own trading journal tells you — it is usually right.
Nobody paid to appear here. If you think there is a gap in this list, we would rather hear about it than not.
Disclaimer: All details are correct at the time of writing but can change. Fees, promotions, and product offerings evolve, so confirm directly with the platform before you commit.
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Frequently asked questions
Which trading platform in Singapore has the lowest fees?
For US stocks, Webull, moomoo, and Tiger Brokers all offer commission-free trading or heavy promotional periods. Interactive Brokers and Saxo charge very low per-share or per-trade rates for SGX orders, starting from SGD 2.50 and SGD 3 respectively. The actual cost depends on how often you trade and which markets you access.
Can I trade US stocks on these platforms?
Yes. All seven platforms provide access to US stock markets. moomoo, Tiger Brokers, and Webull are particularly popular for zero-commission US equity trading, while Interactive Brokers and Saxo give you deeper execution routes and research tools.
Are these platforms regulated by the Monetary Authority of Singapore?
Every platform listed holds a capital markets services licence from MAS. Your assets sit within Singapore’s regulatory framework, which is a key consideration for any investor who wants local oversight.
Do these platforms offer cryptocurrency trading?
Some do. Interactive Brokers, moomoo SG, and Webull Singapore allow you to trade spot crypto. Others focus on traditional asset classes and CFDs, so check the specific product list of the platform you are interested in.
What is the minimum deposit to start trading?
Minimum deposits vary across platforms and account types. Many do not require a high initial amount, especially the app-based brokers like moomoo and Webull. Confirm with the platform directly as this changes and some offer zero-minimum campaigns.
Can beginners use these platforms, or are they only for sophisticated investors?
While this list focuses on platforms with serious tools, several — including moomoo, Tiger Brokers, and Webull — are designed to be beginner-friendly with strong educational resources, fractional shares, and clean mobile apps. Just start with a demo account to get comfortable before using real funds.
