Quick answer: The platforms that keep coming up among serious traders here are Interactive Brokers for sheer market breadth, Saxo for institutional-grade tools, and Webull for keeping per-contract costs down to US$0.55. Moomoo and Tiger Brokers suit mobile-first investors who want US and Hong Kong options without heavy platform fees, while POEMS offers CDP linkage for those who want Singapore-backed custody. uSMART brings AI-driven tools into the mix.
Choosing an options trading platform is less about features and more about fit. The default pick works for most, but your volume, the markets you trade, and how much hand-holding you want all shift the recommendation. This list is built for someone who needs a clear starting point—and a clear reason to choose something else.
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Choosing a platform for options is less about “which is best” and more about what you actually need from your trades. Some of us want to leg into multi-leg strategies across 30 markets at the lowest possible cost; others just want a clean screen, US$0.65 a contract, and the ability to close a covered call while waiting for the lift. These seven are all MAS-regulated and have real Singapore operations, so your funds stay within a known framework. If you are also building out a broader equities portfolio, our Trading Platforms in Singapore for Sophisticated Investors round-up covers the same names from a multi-asset angle.
Interactive Brokers
Interactive Brokers is where a lot of heavy-duty options traders eventually land. Their Singapore entity sits at Asia Square Tower 1, and behind that modest office is a pipeline into over 30 markets—US, European, Asian exchanges—with commissions that start at US$0.65 per contract. The platform itself is not the easiest to look at, but the OptionTrader tool lets you model spreads, straddles, and condors with a precision that most mobile-first apps cannot touch.
What keeps people here is the multi-asset integration. You can manage a single margin account that spans stocks, futures, forex, and options across exchanges, which matters when you are hedging a concentrated equity position or trading volatility across asset classes. The pricing improves with volume, so high-frequency traders find the all-in cost hard to beat.
For anyone trading options seriously, this platform is the default pick. It suits investors who need deep market access and professional-grade tools, and who are comfortable trading through a functional rather than polished interface. Choose this unless you specifically value a slicker mobile experience or local-handholding.
Address: Asia Square Tower 1, 8 Marina View, #40-02A, Singapore 018960
Phone: +65 6990 5200
Price signal: US$0.65 per contract, tiered pricing available
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This one suits the trader who treats options as a core part of a larger strategy rather than a side bet. If you already know your delta from your theta and you are tired of paying spread mark-ups elsewhere, you will probably feel at home. If you are still figuring out the Greeks, you might want something a little gentler first—check out our list of stock trading platforms in Singapore to build the underlying portfolio before layering on derivatives.
This is an editorial round-up, not a paid directory. Think we have missed somewhere? Tell us what you do and why it belongs here.
Saxo
Saxo operates out of CapitaSpring on Market Street and positions itself squarely at the high-net-worth end of the market. Their options offering spans 20 markets with vanilla options and futures options, and their in-house platform SaxoTraderPRO is genuinely customisable—drag the modules around, build the workspace that matches how you think, and save it. Commissions start at US$2 per contract, which is pricier than the mass-market apps, but the research and trade-idea flow that comes with the account is often what tips the scale for people managing serious money.
The breadth of instruments—over 71,000 across asset classes—means you can construct hedges that reference almost anything, and the execution quality reflects the institutional heritage. Their Singapore team is reachable during office hours, and the email support line is responsive enough for non-urgent queries.
Go with Saxo when the account size is substantial and you value a platform you can shape around your own workflow. The customisability of SaxoTraderPRO makes sense if you already know your strategy and want the workspace to reflect it. The higher pricing is the trade-off for a premium, high-touch ecosystem.
Address: 88 Market Street, #40-02 CapitaSpring, Singapore 048948
Phone: +65 6303 7800
Hours: Mon–Fri, 9:00 AM – 5:30 PM
Price signal: From US$2 per contract
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Pick Saxo if you value deep research and a platform you can shape to your own workflow. It is less about scraping the last cent off each trade and more about having the right tools when the position size matters.
Moomoo
Moomoo runs its Singapore operations from Marina Bay Financial Centre, and the platform has carved out a following among investors who want data density without the intimidation. US and Hong Kong options are the game here, with commissions at US$0.65 per contract. Their option chain display lets you filter by open interest, implied volatility, and expiry in a way that feels intuitive rather than spreadsheet-like, and the real-time data feed is included without extra subscription fees, which is not always the case elsewhere.
The community features—live streams, earnings analysis, discussion threads—are woven into the app, so you can read how other traders are positioning while you build your own order. Customer service runs 24 hours on trading days, and there is a local phone line for the times you need a human rather than a chatbot.
Moomoo is the platform for the data-hungry investor who wants rich analytics presented clearly. The option chain filtering feels designed for someone who thinks in terms of implied volatility and open interest but doesn’t want to battle a spreadsheet. It hits a sweet spot between power and approachability.
Address: 10 Marina Blvd, Tower 2, #31-01 Marina Bay Financial Centre, Singapore 018983
Phone: +65 6321 8888
Hours: 24h on trading days; 9:30 AM – 9:30 PM SGT on weekends and holidays
Price signal: US$0.65 per contract; zero-commission US stocks
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If you enjoy having a pulse on market chatter while trading options, Moomoo gives you that without it feeling like a gimmick. It also makes sense for someone holding US equities who wants to layer on options without juggling separate platforms—the integration is clean. We have also covered how these platforms handle broader equity strategies in our stock brokers for sophisticated investors piece.
Tiger Brokers
Tiger Brokers came up as a mobile-first challenger, and their One Raffles Place office anchors a platform that now feels mature without losing that clean, swipe-friendly DNA. US options trade at US$0.65 per contract, and the app supports nine predefined strategies—spreads, covered calls, cash-secured puts—so you can select the playbook and adjust strikes and expiries within a few taps. Behind the scenes, they connect to SGX, NYSE, NASDAQ, and Hong Kong, so you can run a diversified book from one account.
The interface does a good job of surfacing risk metrics without clutter. You can see your probability of profit and max loss before confirming a trade, which helps when you are sizing a position on the go. Their customer service line operates extended hours into the early morning, aligning with US market sessions, and the local team is reachable by email for documentation-heavy queries.
Tiger Brokers suits the investor who does most of their trading on a phone and wants strategy selection reduced to a few clean taps. The predefined playbooks are helpful when you know the setup you want but prefer not to build each leg manually. It is mobile-first without feeling lightweight.
Address: 1 Raffles Place, #35-61 One Raffles Place Tower 2, Singapore 048616
Phone: +65 6331 2277
Hours: Weekdays 8:30 AM – 5:00 AM (next day) SGT
Price signal: US$0.65 per contract; competitive equity commissions
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Tiger Brokers suits the trader who wants to run options strategies from a phone without feeling like they are on the junior version of a desktop platform. If your idea of a good session is adjusting a covered call on the MRT home, this one is built for that rhythm.
This is an editorial round-up, not a paid directory. Think we have missed somewhere? Tell us what you do and why it belongs here.
POEMS
POEMS is the trading interface of Phillip Securities, a name that has been around Singapore for decades, and their Raffles City Tower headquarters is where a lot of long-term local investors first opened a brokerage account. Options commissions come in at US$0.88 per contract across global exchanges, and the platform itself has evolved from its old-school roots into something with advanced charting and strategy builders that hold up next to the newer entrants.
The differentiator that still matters to a certain kind of investor is CDP-linked accounts. Your holdings sit with the Central Depository rather than with a custodian, which some people value for the additional layer of Singapore-regulated custody. They also run physical branches, so if you prefer to sort out account matters face to face, that option is on the table.
POEMS is the natural choice for investors who already hold a Phillip Securities account and prefer continuity. It suits those who trust a longstanding local name and want options trading folded into an existing relationship. The platform evolution means you get modern tools without switching brokers.
Address: 250 North Bridge Road, #06-00 Raffles City Tower, Singapore 179101
Phone: +65 6531 1555
Hours: Mon–Fri 8:45 AM – 12:00 AM; Sat 8:30 AM – 1:00 PM
Price signal: US$0.88 per contract
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Choose POEMS if custody under CDP gives you peace of mind, or if you already hold Singapore equities with Phillip and want to keep your options trading on the same statement. It is also a sensible starting point if you want to dip into options while staying within a familiar, MAS-regulated house. For investors who are earlier in their journey, we have a separate look at premier trading platforms for beginners in Singapore.
Webull
Webull comes in with the lowest headline commission on this list—US$0.55 per contract for US options—and their Frasers Tower office keeps the MAS-regulated structure in place. There are no platform fees layered on top, which means the price you see is the price you get, and the built-in screeners let you scan for unusual options activity or filter by strategy type without leaving the app. The platform runs 24 hours a day from Monday morning to Saturday morning SGT, so US pre-market and after-hours sessions are covered.
The mobile experience is particularly strong. Customisable option chains, profit-loss visualisations, and a dark mode that makes late-night sessions easier on the eyes all feel well thought out rather than bolted on. The analytics suite is deep enough to satisfy someone who wants to backtest an idea before committing capital.
Webull is the pick when cost is the first filter and you want a clean, all-in price with no surprises. The unusual-activity screeners add a practical edge for traders who like to follow the flow. It works best for the cost-conscious investor who still wants capable scanning tools built in.
Address: 182 Cecil Street #31-02 Frasers Tower, Singapore 069547
Phone: +65 6013 3322
Hours: Mon 9:00 AM – Sat 8:00 AM SGT
Price signal: US$0.55 per contract; no platform fees
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Webull makes the most sense if you are a cost-sensitive options trader who still wants serious screening tools. The lower per-contract fee adds up meaningfully if you are trading volume, and the always-on access suits someone who watches the US market into the night.
uSMART
uSMART operates from the Royal Group Building on Phillip Street and leans hard into AI-driven trading tools. The platform covers US and Hong Kong options with no minimum fee, and the AI modules help surface trade ideas based on your activity patterns and market conditions—useful if you want a second pair of eyes on a setup without paying for a separate analytics subscription. CFD integration and higher-than-average interest on idle cash balances sweeten the deal for active traders who keep significant funds in the account.
Their two-desk support model is worth noting: a day desk during office hours and a night desk that runs from 3:30 PM to midnight, Monday to Friday. That means someone is actually rostered to answer when the US market opens, which is not the case at every brokerage.
uSMART appeals to the investor curious about AI-assisted trading without adding separate software to the stack. The trade-idea surfacing suits someone who wants a nudge on setups they might otherwise miss. Consider this when you want a platform that actively suggests rather than just executes.
Address: 3 Phillip Street #12-04 Royal Group Building, Singapore 048693
Phone: +65 6303 0663
Hours: Day desk Mon–Fri 9:00 AM – 6:00 PM; night desk Mon–Fri 3:30 PM – 12:00 AM
Price signal: Zero minimum fees; low per-contract commissions
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This one suits the tech-forward trader who wants AI nudges alongside their own analysis. If you keep cash in your trading account and like the idea of earning interest on it while you wait for the right setup, uSMART makes that part of the offer rather than an afterthought.
How to choose
Start with the market you actually trade. If you need options across US, European, and Asian exchanges in one margin account, Interactive Brokers and Saxo are the two that deliver that breadth without workarounds. If your focus is mainly US options, the field widens: Webull gives you the lowest per-contract cost at US$0.55, while Moomoo and Tiger Brokers wrap the same US$0.65 rate inside a more mobile-native design.
Commission alone should not drive the decision. US$0.10 extra per contract on a hundred contracts is US$10, which matters to a high-volume trader but is negligible next to a single bad fill. Look at what each platform charges for data feeds, what spread they quote on the underlying, and whether the order routing gives you price improvement or just dumps the flow into a single market maker. Platforms with smart-routing technology—Interactive Brokers is the standout here—tend to get you filled closer to the mid-price.
For custody preference, POEMS and its CDP-linked structure stand alone on this list. For those who want AI-driven trade suggestions, uSMART is the only one that has built that into the core experience rather than treating it as a premium add-on.
A fair price range for options commissions in Singapore is US$0.55 to US$2.00 per contract, with the lower end coming from high-volume, self-directed platforms and the higher end from full-service or institutional-grade houses. If a platform quotes you above US$2.00 without additional advisory or research bundled in, ask what you are paying for.
| Platform | Options markets | Commission per contract | Standout feature | Custody type |
|---|---|---|---|---|
| Interactive Brokers | 30+ markets globally | From US$0.65 | OptionTrader strategy builder | Custodian |
| Saxo | 20 markets | From US$2.00 | SaxoTraderPRO customisable workflow | Custodian |
| Moomoo | US, Hong Kong | US$0.65 | Real-time data at no extra cost | Custodian |
| Tiger Brokers | US, SGX, HK, others | US$0.65 | Nine predefined option strategies on mobile | Custodian |
| POEMS | Global exchanges | US$0.88 | CDP-linked accounts available | CDP or custodian |
| Webull | US | US$0.55 | No platform fees, 24h access | Custodian |
| uSMART | US, Hong Kong | Zero minimum; low commissions | AI-driven trade tools, interest on cash | Custodian |
Summary
The right options platform in Singapore comes down to three things: which markets you need, how much you want to pay per contract, and whether you lean toward institutional depth or mobile convenience. Interactive Brokers and Saxo lead on global reach. Webull, Moomoo, and Tiger Brokers compete hard on cost and app design. POEMS gives you the comfort of a legacy Singapore broker with CDP custody, and uSMART bets on AI to earn its place. Most of these platforms also serve as capable stock brokers for Singapore investors, so you can often consolidate your equities and options under one roof if that matters to you.
Disclaimer: All information has been compiled from publicly available sources. We have made every effort to ensure accuracy but do not guarantee the information is complete or error-free. Details can change—confirm directly with the business before making any trading or account decision.
Frequently asked questions
Do I need a minimum account balance to trade options on these platforms?
Each platform sets its own requirements. Interactive Brokers typically asks for a higher minimum than the mobile-first apps. Check with the specific business; some require passing an options knowledge assessment before enabling the feature.
Which platform has the lowest options commission in Singapore?
Webull charges US$0.55 per contract with no platform fees, the lowest among these seven. Interactive Brokers, Moomoo, and Tiger Brokers all sit at US$0.65, while Saxo starts at US$2.00 and POEMS at US$0.88.
Are my funds protected with these brokers?
All seven are regulated by the Monetary Authority of Singapore, which imposes capital and client-money segregation requirements. POEMS offers the additional option of CDP-linked custody. Always confirm the specific protection structure with the broker directly.
Can I trade options on my phone, or do I need a desktop?
You can trade on your phone with every platform listed. Moomoo, Tiger Brokers, and Webull design their apps as the primary interface. Interactive Brokers and Saxo offer powerful mobile apps but reserve their deepest tools for desktop.
Which platform is best for someone new to options?
Moomoo and Tiger Brokers present options strategies in a more guided way, with in-app education and community features. POEMS is also worth considering if you already have a Phillip Securities account and want to add options within a familiar relationship.
Do all these platforms offer US options?
Yes, every platform listed covers US options. The differences appear when you need access to European, Asian, or other exchanges—Interactive Brokers and Saxo have the widest coverage there.
