Top 10 Best Stock Trading Platforms in Singapore (2026): Cheapest Way to Buy US Stocks in Singapore

Looking for the best stock trading platforms in Singapore? Here’s the short answer. Interactive Brokers is the best overall pick for most investors who want low costs and global market access. moomoo is the friendliest choice for beginners. Webull is the cheapest all-rounder for US stocks. POEMS is the go-to if you want your SGX shares held in your own CDP account.

But “best” depends on how you invest. In 2026, five or more Singapore brokers charge US$0 commission on US stocks, so the headline commission no longer separates them. The real differences now hide in three places: currency conversion costs, whether your SGX shares sit in your own CDP account or with a custodian, and whether you’re buying real shares or CFDs. This guide breaks all of that down, with real cost calculations so you can see what you’d actually pay.

What is the best stock trading platform in Singapore? As of October 2026, Interactive Brokers is the best overall stock trading platform in Singapore for its low fees, cheapest disclosed currency conversion and access to 150+ markets. Beginners may prefer moomoo or Webull for their easy apps, while POEMS suits investors who want SGX shares in their own CDP account.

Key Takeaways

• Interactive Brokers ranks #1 overall in our weighted scorecard (8.60/10), thanks to global access, professional tools and the lowest published FX costs.
• US$0 commission is now common. Webull, Syfe, IG Share Trading, POEMS Cash Plus and IBKR Lite all charge nothing in commission on US stocks.
• FX is the biggest hidden cost. A 0.5% currency spread on a US$2,000 purchase costs about US$10, which is more than any commission in our test.
• Cheap SGX trading usually means a custodian account. Holding shares in your own CDP account typically costs S$10 to S$28 per trade instead of S$0.22 to S$3.
• IG and CMC offer both real shares and CFDs. These are very different products. CFDs don’t give you ownership and can lose you more than you put in.
• MAS regulation is important but not a guarantee. It doesn’t protect you from investment losses, and brokerage accounts are not covered by SDIC deposit insurance.

Best Stock Trading Platforms in Singapore at a Glance

Standard pricing after introductory promotions. SGX trades also carry 0.04% in SGX clearing and trading fees plus 9% GST. “Not verified” means we couldn’t confirm CPF/SRS support from official sources at the time of writing.

How We Ranked the Platforms

We scored each broker from 1 to 10 in six categories, then applied the weights below. This is our own editorial framework, not an industry standard. We applied it the same way to every platform.

What we didn’t reward: low commissions on their own, temporary promotions, or sign-up bonuses. A platform that advertises “zero commission” but hides its FX spread didn’t score full marks on cost transparency.

The 10 Best Stock Trading Platforms in Singapore, Reviewed

1. Interactive Brokers: Best Overall

Best for: cost-conscious investors who want global markets, and active traders who need professional tools.

Interactive Brokers (IBKR) operates in Singapore through Interactive Brokers Singapore Pte. Ltd., a Capital Markets Services licensee regulated by MAS. It’s the broker of choice for investors who want one account for nearly everything: US, Singapore, Hong Kong, UK, European and Japanese stocks, plus ETFs, options, futures and bonds across 150+ markets.

Key features

• Access to 150+ markets from one multi-currency account
• IBKR Lite: US$0 commission on US-listed stocks and ETFs (Singapore retail individual, joint and trust accounts)
• The cheapest published currency conversion we found: 3 basis points (0.03%) on Pro AutoFX and 9 bps on Lite
• Trader Workstation (TWS), IBKR Desktop and the mobile app, with advanced order types and free paper trading
• Free non-consolidated real-time US market data

Fees

• SGX stocks: 0.08% of trade value, minimum S$2.50 (Tier 1)
• US stocks: IBKR Lite US$0; Pro Fixed US$0.005 per share (min US$1, max 1% of trade value); Pro Tiered from US$0.0035 per share (min US$0.35) plus exchange fees
• Minimum deposit: US$0. No maintenance fee.

Regulation and custody: Shares are held by IBKR as custodian, not in your CDP account. CPF and SRS investing aren’t supported.

Pros

• Lowest disclosed FX costs in Singapore
• Unmatched market and product range
• Professional-grade tools and research

Cons

• Steeper learning curve than app-first brokers
• No CDP linkage or CPF/SRS support
• SGX minimum (S$2.50) is higher than Webull or IG

Skip it if: you want a simple, app-first experience or need your SGX shares in your own CDP account.

Official website: interactivebrokers.com.sg

2. moomoo SG: Best for Beginners Who Want Strong Tools

Best for: new investors who want an easy app that can grow with them.

moomoo is run by Moomoo Financial Singapore Pte. Ltd., part of Nasdaq-listed Futu Holdings, and is licensed by MAS. Its app combines clean design with professional-level data: Level 2 quotes, analyst ratings, institutional holdings, community discussions and a built-in paper-trading simulator.

Key features

• Paper trading (“Papertrade”) so you can practise before using real money
• US fractional shares
• CDP-linked option for SGX shares: rare among digital brokers
• Cash Plus for parking idle cash in money market funds

Fees

• SGX (custodian account): new users get one year of zero commission, then 0.03% commission plus a 0.03% platform fee (min S$0.99 each, about S$1.98 total)
• SGX (CDP-linked): 0.10% commission (min S$4.99) plus 0.12% platform fee (min S$4.99), about S$9.98 per trade
• US stocks: US$0 commission plus a US$0.99 platform fee per order
• Fractional orders under one share: 0.99% platform fee, capped at US$0.99

Pros

• Excellent, beginner-friendly app with deep data
• Free paper trading
• Choice of custodian or your own CDP account

Cons

• US$0.99 per US order adds up for frequent small trades
• CDP-linked trades cost about five times more than custodian trades
• FX spread isn’t published as a fixed rate

Skip it if: you trade US stocks very frequently in small amounts. Webull’s US$0 pricing will be cheaper.

Official website: moomoo.com/sg

3. Webull SG: Cheapest All-Rounder for US Stocks

Best for: cost-focused investors buying US stocks and ETFs, and chart-loving retail traders.

Webull Securities (Singapore) Pte. Ltd. holds a Capital Markets Services licence from MAS. Since May 21, 2026, Webull SG has charged US$0 commission and US$0 platform fee on US stocks, with no volume conditions. It’s currently one of the cheapest ways to trade US shares in Singapore.

Key features

• US$0 commission and platform fee on US stocks (regulatory fees may still apply)
• Fractional US shares from US$1
• Strong charting and technical indicators on mobile and desktop
• Free SGX Level 1 and US Level 2 data (terms apply)
• Paper trading

Fees

• US stocks: US$0 commission, US$0 platform fee
• SGX stocks: S$0 commission for new clients’ first year, then 0.025% (min S$0.80)

Regulation and custody: SGX shares are held in custody, not in your own CDP account.

Pros

• Among the lowest total costs for US and SGX trades
• Great charting for the price
• Paper trading for practice

Cons

• Custodian-only for SGX stocks
• Fewer markets than IBKR, moomoo or Tiger
• FX spread not published as a fixed rate

Skip it if: you want CDP ownership of Singapore shares or need CPF/SRS.

Official website: webull.com.sg

4. Tiger Brokers: Best for CPF/SRS and Cash in One App

Best for: investors who want to use cash, CPF-OA and SRS money on the same app.

Tiger Brokers (Singapore) Pte. Ltd., part of Nasdaq-listed UP Fintech, is licensed by MAS. Tiger’s standout feature is its Cash Boost account. Launched for CPF and SRS investing in August 2025, it lets you buy eligible SGX stocks with cash, CPF Ordinary Account or SRS money in one place.

Key features

• CPF and SRS investing via Cash Boost
• CDP linkage that lets you sell SGX shares you already hold in your CDP account
• US, SGX, HK and other markets; fractional US shares
• Free NYSE ArcaBook Level 2 quotes

Fees

• SGX (standard account): 0.03% commission (min S$0.99) plus 0.03% platform fee (min S$1), about S$1.99 per trade
• SGX (Cash Boost, including CPF/SRS): 0.10% (min S$4.99) plus 0.12% (min S$5), about S$9.99
• US stocks: US$0.005 per share commission (min US$0.99) plus US$0.005 per share platform fee (min US$1), about US$1.99 per order
• SGX custody: S$2 per quarter, currently waived

Pros

• One app for cash, CPF and SRS
• Competitive SGX pricing in the standard account
• Wide market access

Cons

• US orders cost about twice moomoo’s and much more than Webull’s
• Cash Boost trades are pricier
• New SGX buys go into Tiger’s custody by default

Skip it if: you mainly buy US stocks and want the lowest per-trade cost.

Official website: itiger.com/sg

5. IG Share Trading: Best Zero-Commission SG and US Shares

Best for: cost-conscious investors buying real SGX and US shares; experienced traders who also want CFDs.

IG Asia Pte. Ltd. is a Capital Markets Services licensee regulated by MAS. Most Singaporeans know IG for CFDs, but IG now also offers real share trading on an execution-only basis. The two are completely different products.

Key features

• Real shares: SGX, US (NYSE and Nasdaq, with fractional shares), Hong Kong and UK (including Irish-domiciled ETFs)
• S$0/US$0 commission, with no platform, custody or account fees
• Separate CFD account for experienced traders (share CFDs: 0.10% min S$10 for SG; US$0.02 per share min US$10 for US)
• Strong education library and demo account

Fees (Share Trading)

• SGX: S$0 commission. You pay only the SGX clearing (0.035425% incl. GST) and access (0.008175% incl. GST) fees.
• US: US$0 commission. An FX spread applies to international trades.
• Minimum deposit: S$1 (card funding requires S$450 and carries a 2.3% levy)

Pros

• Cheapest SGX trades in our test
• No custody or platform fees
• Trusted global brand with excellent education

Cons

• FX spread isn’t published as a fixed rate
• The CFD-focused brand can confuse beginners
• Fewer share markets than IBKR or Saxo

Skip it if: you need CDP ownership or CPF/SRS. If you open an IG account, make sure you’re in Share Trading, not CFDs, when you want to own shares.

Official website: ig.com/sg

6. Saxo: Best Multi-Asset Platform

Best for: investors who want stocks, ETFs, bonds and funds on one polished platform.

Saxo Capital Markets Pte. Ltd. is licensed by MAS. Saxo is known for its research, its SaxoTraderGO and SaxoTraderPRO platforms, and its broad product range. Its pricing improves sharply at higher tiers: Platinum needs S$300,000 and VIP S$1.5 million.

Key features

• Stocks, ETFs, bonds, mutual funds, options and futures across major global exchanges
• Professional research and analysis
• Published FX conversion cost of about 0.25%

Fees (Classic tier)

• SGX: 0.08%, min S$3 (VIP from 0.03%)
• US: 0.08%, min US$1
• Custody: none on SGX holdings for Singapore residents. 0.12% a year on other holdings (0.06% for VIP), waived if you opt into securities lending.
• Market data: SGX Level 1 S$15/month; Level 2 S$75/month
• Transfer out: €50 per ISIN, max €160 per request

Pros

• Huge product shelf, including bonds
• Excellent research and platforms
• Transparent FX cost

Cons

• Custody fees on foreign holdings unless you opt into securities lending
• S$3 SGX minimum
• Best pricing only for large accounts

Skip it if: you’re starting small and only buy SGX or US stocks.

Official website: home.saxo/en-sg

7. CMC Markets and CMC Invest: Best for Active CFD Traders

Best for: experienced, active traders who understand leverage. CMC Invest suits share investors.

CMC Markets Singapore Pte. Ltd. is a Capital Markets Services licensee regulated by MAS. Like IG, it runs two different products. CMC Markets offers CFDs on its award-winning Next Generation platform. CMC Invest offers real shares across SG and 14 international markets.

Key features

• CMC Markets: advanced charting, pattern recognition, price projection tools and share CFDs (SGX share CFDs from 0.10%, min S$10)
• CMC Invest: real shares with free monthly trades depending on your account tier
• CMC Invest has no platform, custody, settlement or inactivity fees

Fees (CMC Invest, paid trades)

• SGX: 0.04%, min S$2
• US: 0.03%, min US$3

Pros

• Excellent trading technology
• Free monthly trades on CMC Invest (tier dependent)
• No custody fees

Cons

• Two separate apps and accounts
• CFDs carry high risk
• Paid US trades cost more than zero-commission rivals

Skip it if: you’re a beginner or only want long-term share investing at the lowest cost.

Official website: cmcinvest.com/en-sg

8. Syfe: Simplest US$0 US Investing

Best for: Singapore citizens and PRs who want a clean, simple app, with robo-portfolios and DIY investing side by side.

Syfe Pte. Ltd. is licensed by MAS. From August 31, 2026, Syfe charges US$0 commission on all US trades, including options and 24/5 overnight trading, on every account tier.

Key features

• US$0 US commissions; fractional US shares from US$1
• SG and HK stocks
• No custody, platform, deposit or withdrawal fees
• Managed portfolios (REIT+, Core) in the same app

Fees

• US: US$0 commission (US regulatory fees on sells still apply)
• SGX: 0.04–0.06% by tier, min S$1.98
• HK: 0.04–0.06%, min HK$15

Pros

• Very easy to use
• No hidden account fees
• Combines DIY and managed investing

Cons

• Open only to Singapore citizens and PRs aged 18+
• Fewer advanced tools than IBKR or moomoo
• FX spread shown in-app rather than published

Skip it if: you’re a foreigner working in Singapore, or you need advanced charting.

Official website: syfe.com

9. POEMS (Phillip Securities): Best for SGX Stocks in Your Own CDP Account

Best for: SGX dividend and REIT investors, CPF/SRS investors, and anyone who wants a traditional full-service broker.

Phillip Securities Pte. Ltd. is a long-established SGX member firm licensed by MAS. Its POEMS platform covers stocks, ETFs, unit trusts, bonds and more. It also offers CDP-linked and custodian account types.

Key features

• Cash and Cash Management accounts settle SGX shares into your own CDP account
• Cash Plus custodian account: 0.08% SGX with no minimum and US$0 US commission
• CPF and SRS investing in eligible SGX shares, ETFs and unit trusts
• Share Builders Plan: regular investing from S$100 a month

Fees

• SGX (Cash Plus Starter): 0.08% (0.07% Premier, 0.06% Privilege), no minimum
• SGX (Cash, CDP): 0.28%, min S$25
• US (Cash Plus): US$0 commission
• Cash Plus: S$15 per quarter maintenance, waived if you make one trade that quarter
• SGX dividend handling (custodian): 1% of net dividend, min S$1, max S$50

Pros

• Choice of CDP or custodian
• CPF, SRS, unit trusts and bonds under one roof
• No-minimum SGX pricing on Cash Plus

Cons

• Dated user experience compared with digital brokers
• CDP Cash account trades are expensive (S$25 minimum)
• Fees on dividends and inactive Cash Plus accounts

Skip it if: you mainly want a sleek app for US stocks.

Official website: poems.com.sg

10. FSMOne (FSM Global): Best for ETF Regular Savings Plans

Best for: long-term, buy-and-hold investors who invest monthly in ETFs, funds and bonds.

FSMOne, now branded FSM Global, is operated by iFAST Financial Pte. Ltd. (part of SGX-listed iFAST Corporation) and licensed by MAS. It’s a CDP Approved Depository Agent, so SGX shares can be held in a CDP sub-account or the custodian account.

Key features

• Regular Savings Plan: 0% buy processing fee on SGX, HKEX and US ETFs (until further notice), from S$50 a month on 40+ counters
• Thousands of unit trusts, plus bonds and managed portfolios
• CPF (via your CPF Investment Account) and SRS investing

Fees

• SGX: S$8.80 flat per trade
• US: 0.08%, min US$3.80
• RSP sell orders: S$3.80 (SGX) / US$3.80 (US)

Pros

• Fee-free ETF regular investing
• Broad fund and bond selection
• CPF/SRS support

Cons

• Expensive for one-off SGX trades
• Fewer trading tools
• Pricing after the FSM Global rebrand should be rechecked

Skip it if: you trade often or want advanced charting.

Official website: fsm.global/sg

Honourable Mentions

• Longbridge Securities: lifetime US$0/S$0 commission on SG, US and HK stocks, though platform fees apply (SGX 0.03%, min S$0.99; US US$0.005 per share, min US$0.99). Licensed by MAS (CMS101211), with client assets held with DBS.
• DBS Vickers and OCBC Securities: bank-backed brokers with CDP-linked accounts and easy CPF/SRS integration. Expect higher fees (around S$25 minimums), but some investors value banking convenience.

True Cost Test: What You Actually Pay Per Trade

Commission tables can mislead. We calculated the total cost of four example trades using each broker’s standard pricing.

Our assumptions

• Standard pricing after introductory promotions; custodian accounts unless stated
• SGX fees: 0.0325% clearing plus 0.0075% trading, with 9% GST on brokerage and SGX fees
• US trades: a US$100 share price (5 and 20 shares); round trips include the SEC fee on the sale; 9% GST on broker fees
• Saxo Classic, POEMS Cash Plus Starter, Syfe base tier, CMC Invest paid trades
• FX conversion excluded from the US table and shown separately

SGX Trades: S$500 and S$2,000

The pattern is clear: holding shares in your own CDP account costs much more per trade. That may still be worth it to you, as explained in the CDP section further down.

US Trades: US$500 and US$2,000

The Hidden Cost: Currency Conversion

When you buy US stocks with Singapore dollars, your broker converts SGD to USD. Most brokers don’t charge a visible fee. Instead, they give you a rate slightly worse than the market rate. That gap is called the FX spread.

Only IBKR (0.03% on Pro AutoFX, 0.09% on Lite) and Saxo (about 0.25%) publish clear FX costs. Most others show the rate in the app only.

Engineer’s tip: A “free” US trade with a 0.5% FX spread can cost more than a US$1.99 trade with a 0.03% spread. If you invest in US stocks regularly, convert in bigger batches, keep a USD balance, and reinvest your USD dividends instead of converting back and forth.

Best Stock Trading Platform for Beginners in Singapore

Winner: moomoo SG. Runner-up: Webull SG.

For first-time investors, the best platform is easy to fund, cheap for small amounts, and lets you practise. moomoo ticks every box: no minimum deposit, free paper trading, fractional US shares, an intuitive app, and plenty of learning content. You also have the option to link your CDP account later.

Webull is a close second, especially if you’ll mostly buy US ETFs. Its US$0 US pricing means small monthly purchases aren’t eaten up by fees. Syfe is a great pick for citizens and PRs who want the simplest possible interface.

Cheapest Stock Broker in Singapore

There’s no single cheapest broker. It depends on what you buy:

• Cheapest for SGX stocks: IG Share Trading (S$0 commission; you pay only SGX fees), then POEMS Cash Plus for small trades and Webull for larger ones
• Cheapest for US stocks (commission): Webull, Syfe, IG Share Trading, POEMS Cash Plus and IBKR Lite at US$0
• Cheapest for US stocks (all-in, with FX disclosed): Interactive Brokers, thanks to its 0.03% to 0.09% FX costs
• Cheapest for regular ETF investing: FSMOne’s Regular Savings Plan (0% buy fees on eligible ETFs)

Promotions excluded. moomoo and Webull currently offer one year of free SGX commissions to new users.

Best Broker for US Stocks and ETFs in Singapore

Winner: Interactive Brokers (all-in cost). Best simple option: Webull SG.

If you’re building a long-term portfolio of US ETFs like S&P 500 funds, IBKR’s combination of US$0 commission (Lite) or US$1 (Pro Fixed) and the lowest published FX costs is hard to beat. Webull is the simplest zero-fee option if you prefer an easy app.

Two tax points every Singapore investor should know:

• 30% dividend withholding tax. Singapore has no income tax treaty with the US, so 30% of US dividends is withheld at source. You’ll complete a W-8BEN form when you open your account.
• US estate tax. Non-US persons holding more than US$60,000 in US-situs assets (including US-listed stocks and ETFs) may face US estate tax. Some investors use Irish-domiciled UCITS ETFs (available at IBKR, Saxo and IG Share Trading, among others) to reduce both issues.

Best Broker for SGX Stocks and REITs

Winner: POEMS for CDP ownership. Best low-cost option: IG Share Trading or Webull.

If you’re building a portfolio of Singapore REITs and blue chips for dividend income, consider where your shares will live. POEMS lets you choose between your own CDP account (Cash or Cash Management) and a low-cost custodian account (Cash Plus). It also supports CPF and SRS.

If cost matters more than CDP ownership, IG Share Trading and Webull offer the cheapest SGX trades in our test, while moomoo offers both options in one app.

Best Trading Platform for Long-Term Investors in Singapore

Winner: FSMOne (FSM Global) for ETF regular investing. Runner-up: Interactive Brokers.

Long-term investors care about low ongoing costs, automation, and a wide product range more than flashy tools. FSMOne’s Regular Savings Plan lets you invest from S$50 a month in eligible SGX, HKEX and US ETFs with 0% buy fees, alongside unit trusts and bonds. IBKR suits long-term investors who want global diversification and the lowest FX costs.

Best Platforms for Active Traders

Winner: Interactive Brokers. For CFD traders: IG or CMC Markets.

Active traders need fast execution, advanced order types, real-time data, and margin and short-selling. IBKR leads on every count. moomoo and Webull offer impressive charting at low cost, and Tiger adds options and futures access.

Many active traders also chart on [TradingView](https://www.tradingview.com/) and place their orders at their broker. It’s a useful companion for technical analysis, with custom indicators, multi-timeframe layouts and alerts.

Risk warning: leverage and CFDs. Margin trading and CFDs amplify gains and losses. A margin call can force you to sell at the worst time, and CFD losses can exceed your deposit. In Singapore, CFDs are classified as Specified Investment Products, and brokers must assess your knowledge before you can trade them. Only trade leveraged products with money you can afford to lose.

CDP vs Custodian Accounts: What Singapore Investors Should Know

This is one of the most important and least understood choices for SGX investors.

Who should pay more for CDP? Long-term SGX dividend investors with larger portfolios, investors who want maximum ownership clarity, and CPF/SRS investors. Who can save with custodian accounts? Smaller, frequent traders and investors who mainly hold US stocks. US shares are always held with a custodian, whichever broker you use.

Real Shares vs CFDs: Don’t Mix Them Up

IG and CMC Markets offer both. If you want to invest for the long term, make sure you’re using IG Share Trading or CMC Invest, not their CFD accounts.

How Brokerage Fees Affect Your Returns

Small fees compound. Imagine investing S$500 every month in SGX stocks (12 trades a year, S$6,000 total):

• POEMS Cash (CDP): about S$330 a year in buy costs (roughly 5.5% of what you invest)
• moomoo (custodian): about S$28.60 a year (roughly 0.5%)
• IG Share Trading: about S$2.60 a year (roughly 0.04%)

That doesn’t mean CDP accounts are a bad choice. If you value CDP ownership, consider investing less often in larger amounts (for example, S$1,500 every quarter) so each trade’s fixed minimum costs a smaller share of what you invest.

How to Choose a Safe and Suitable Trading Platform

1. Check the MAS licence. Search the broker’s Singapore entity on the MAS Financial Institutions Directory. Avoid unlicensed platforms targeting Singapore residents.
2. Understand custody. Know whether your shares sit in your CDP account or with a custodian, and who that custodian is.
3. Know what’s not protected. Brokerage accounts aren’t covered by SDIC deposit insurance, and regulation doesn’t protect you from market losses. Cash-management sweeps are investment products, not deposits.
4. Add up the true cost. Commission + platform fee + SGX fees + GST + FX spread + custody and other fees.
5. Match the markets you need. SGX, US, HK, or UCITS ETFs.
6. Check CPF/SRS support if you plan to use them.
7. Test the app. Use paper trading or a small first deposit before moving larger sums.
8. Separate promotions from standard pricing. Ask what you’ll pay after the promo ends.

For more on investment risk, see MoneySense and the Singapore Exchange investor resources.

Frequently Asked Questions

Final Verdict: Match the Broker to How You Invest

The best stock trading platforms in Singapore aren’t simply the cheapest ones. Choose based on what you’ll actually do:

Whatever you choose, keep an eye on currency conversion costs, understand where your shares are held, and never confuse CFDs with share ownership.

Next Steps

1. Pick your investor profile from the table above.
2. Open one primary broker (and at most one backup) to avoid duplicate FX costs.
3. Verify the broker’s MAS licence and check its current pricing page.
4. Start with a small deposit or paper trading.
5. Set up a regular investing habit and review your fees once a year.

Related Reading

Methodology and sources: fees were compiled from official broker pricing pages and cross-checked against independent reviews (StockBrokers.com, MoneySmart and others), checked October 13, 2026. Scores reflect InvestingEngineer’s editorial framework. Some items, including undisclosed FX spreads and certain account-specific fees, could not be independently verified and should be confirmed with each broker.

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