Best online brokerage & trading platform in Singapore [February 2026]

Summary of best online brokerage & trading platform in Singapore [February 2026]

Our picks for best online brokerages in Singapore:

• Best trading platform for Singapore stocks: Longbridge Singapore
• Best trading platform for beginners: Moomoo Singapore
• Best trading platform for sign-up promo: Longbridge Singapore
• Best trading platform for dividend investing: IG Markets
• Best trading platform for Regular Savings Plans (RSP) into ETFs: FSMOne
• Best trading platform for CPF/SRS investing: POEMS by Phillip Securities

When I first started looking for a stock trading platform in Singapore, I was overwhelmed by the number of choices out there. 

Each one claimed to have the lowest fees or the best features, but figuring out which online broker actually suited my needs took some digging.

That’s why I decided to put together this guide to help you find the best online brokerage and trading platform in Singapore. 

I’ll be comparing the fees and products offered by different platforms, so you can see which one fits your investing style, whether you’re buying US or Singapore stocks, or setting up a regular savings plan.

Here are my top picks for the best online brokers in Singapore in February 2026.

And if you happen to know of a platform that’s offering a lower fee or a special promotion, share it in the comments. I’ll make sure to update this list so the Beansprout community can benefit too.

Best brokerage for dividend investing is IG Markets
Pros: Zero commissions and zero platform fees on Singapore, US and Hong Kong trades Offers up to ~3% p.a. interest on eligible holdings (first in the market) Broad access to SG, US and HK dividend-paying stocks and ETFs	Cons: Not able to invest with CPF/SRS funds No access to funds and bonds
Exclusive Promo:   Get S$50 FairPrice voucher, $188 cash reward, plus 3% p.a. on invested shares and ETFs*. T&C apply. Find out more about Beansprout exclusive IG promotion here.
Learn more

How to pick the best online brokerage and trading platform in Singapore?

There are a few key considerations when picking an investment platform that suits your needs. We would be looking at the following:

• Licensed and trusted. We would like our money to be safe with the investment platform. One of the ways to have a greater peace of mind is to ensure that the brokerage is licensed by the Monetary Authority of Singapore (MAS). All the brokerages we compare in this review are regulated by the MAS.
• Low fees. Trading commission fees may erode your long term investment returns, which is why we will be comparing the commission fees and platform fees you will incur across different brokerages.
• Product and market access: It is also important to select a broker that offers you access to the products and markets you are looking to invest in. For example, some brokers may not offer you the ability to invest in the Singapore market or trade options, so you will need to find one that meets your investment style.

#1 - Lowest cost online brokerage for trading Singapore stocks

When you are picking a brokerage account in Singapore, you will find that there are two different account types: CDP-linked accounts and custodian accounts.

With a CDP-linked account, the stocks are purchased in your name and held in your CDP account. With a CDP-linked account, you become the owner of the shares listed on the Singapore Exchange and a company shareholder. 

With a custodian account, your ownership in the stock will be through the broker, which will hold the shares in CDP on your behalf. However, you will remain the ultimate beneficial owner of the stock. 

Custodian accounts typically offer lower fees compared to CDP accounts. 

To learn more about how to decide between a CDP and custodian account, check out our comparison here. 

Custodian accounts

For trading in Singapore stocks, Longbridge, Webull Singapore, Moomoo SG, Tiger Brokers, IG Markets and Syfe Trade offer competitive rates with a total commission fee and platform fee of 0.06% and below, and minimum fee per trade of below S$2. 

Longbridge Singapore has one of the lowest fees for Singapore stocks, with lifetime zero commissions and a platform fee of 0.03% ( minimum platform fee of S$0.99). Currently, this platform fee is waived for the first 90 days for new users. 

Moomoo Singapore is currently offering 1-year zero commission for Singapore stocks for new users, bringing the minimum fee down to S$0.99 or 0.03% per transaction. Moomoo is also best for new investors just starting out on their journey with its easy signup process, and beginner-friendly mobile app interface. 

IG Markets is currently offering S$0 commission and S$0 platform fees for Singapore, US and Hong Kong trades. However, they charge a small spread on the FX rate for international trades.

CMC Invest offers a competitive commission of 0.04%, with a minimum fee of S$2. Users also get 5 free trades per month. ProsperUs is also offering a promotional fee of 0.06%, with no minimum fee.

This is followed closely by POEMS, Interactive Brokers and SAXO Classic, which charge a commission of 0.08% per trade. 

For trading in Singapore ETFs, FSMOne offers a flat fee of S$3.80 per trade, which makes it cost-effective for investors buying a significant amount of ETFs in one trade. 

CDP accounts

Moomoo SG now supports direct CDP account linkage and it allows you to buy and sell Singapore stocks with a minimum fee of S$9.98.

While Moomoo's percentage fee may be slightly higher, its lower minimum fees make it more cost-efficient for investors who are investing smaller amounts.

For example, if you buy 100 units of an Singapore Airlines stocks  priced at S$6.40 each, the total trade value comes to S$6.40. 

With a traditional CDP-linked broker, the commission of 0.18% works out to S$1.15, but because the minimum commission applies, you would still pay S$25 for the trade. 

In comparison, using moomoo’s CDP-linked account, you pay only S$9.98. 

We worked out that for trades below S$4,500, Moomoo tends to be more cost-effective. 

The runner-up would be the DBS Vickers account which allows you to purchase Singapore stocks through a CDP account with a minimum fee of S$10.90.

Cash upfront accounts require you to deposit money into the trading account before you can purchase stocks. 

The amount you have funded is the buying power you will have on your investments. 

However do note that the minimum fee with DBS Vickers Cash Upfront account only applies to buy trades. Sell trades revert to the standard fee of 0.18% with a minimum of S$10.90.

The minimum fee for trading Singapore stocks using CDP-linked account that does not require you to put in the cash upfront would be S$27.25 per trade. 

Read our step-by-step guide on how to open a CDP account here.

If you wish to sell your CDP holdings, the following brokers offer selling via CDP:

#2 - Lowest cost online brokerage for trading US stocks and ETFs

For trading in US stocks, Longbridge, Moomoo SG and IG Markets, are the most competitive because of zero commissions, although Moomoo has a US$0.99 per trade, and Longbridge has a minimum platform fee of US$0.99. 

This is followed by Webull, which has one of the lowest minimum fee at US$0.50, and a trading commission of 0.025%.

CMC Invest also offers a competitive commission of 0.03%, with a minimum fee of US$3. Users also get 10 free trades per month. 

Syfe Trade offers at least 2 free trades per month, with US$1.49 per trade to US$0.99 per trade thereafter.

FSMOne offers a flat fee of US$3.80 per trade for US ETFs, which makes it cost-effective for investors buying a significant amount of ETFs in one trade. 

#3 - Lowest cost trading platform and online brokerage for CPF investments

According to CPF, there are only ten platforms that allow you to invest using CPF and SRS funds. These would include DBS Vickers, OCBC Securities, UOB Kay-Hian, FSMOne, CGSI Securities, Phillip Securities (POEMS), Maybank Kim Eng, Lim & Tan, KGI Securities (Singapore) and Tiger Brokers.

Unfortunately, you will not be able to invest your CPF or SRS funds with popular online brokers like Moomoo SG, and Webull.

Amongst these brokers, the POEMS Cash Plus Account offers a flat fee of 0.08% per trade, with no minimum commission for trading SGX-listed stocks and ETFs. 

FSMOne also has comparatively lower commission fees with a fixed rate of S$8.80 per transaction.

This would mean that it would be cheaper to use POEMS Cash Plus if your transaction value falls below S$11,000, and cheaper to use FSMOne if transaction value exceeds S$11,000.

For investors looking to start a Unit Trust Regular Savings Plan (RSP) using CPF or SRS, POEMS and FSMOne are the primary low-cost contenders.

While both POEMS and FSMOne lead the market with 0% sales charges for Unit Trust Regular Savings Plans (RSP), their fee structures diverge when using SRS funds.

FSMOne includes a quarterly platform fee for SRS investment in unit trust. This fee is tiered at 0.0875% for the first S$300,000 in most funds (dropping to 0.05% thereafter) and a flat 0.05% for Fixed Income funds.

#4 - Lowest cost trading platform and online brokerage for Regular Savings Plan (RSP) using stocks and ETFs

If you are looking to RSP into US and Hong Kong stocks and ETFs, then Webull and Tiger Brokers offer competitive rates for your to dollar-cost average into these markets. 

If you are looking to RSP into Singapore stocks and ETFs, then FSMOne and POEMS offer the lowest fees. 

FSMOne is also currently having a promotion offering 0% processing fee when you transact via a RSP in more than 200 ETFs across Singapore, US and Hong Kong. 

#5 - Best brokerage for dividend investing in stocks and ETFs

If you are building a dividend portfolio, the goal is to minimise costs while maximising income over the long term. Trading fees matter, but so do market access and features that support long-term holding and reinvestment.

IG Markets is currently the first brokerage in Singapore to offer interest on your holdings of shares and ETFs. It provides zero commissions and zero platform fees across Singapore, US and Hong Kong markets, together with an ongoing promotion to earn up to 3% p.a. interest on eligible holdings. This allows dividend investors to potentially earn interest on top of dividend payouts while holding stocks for long-term growth.

For investors who prefer to build positions gradually at competitive trading costs, Longbridge Singapore and Moomoo Singapore offer access to multiple markets with low fees, making it easier to diversify a dividend portfolio.

If your strategy focuses on dividend ETFs through regular investing, FSMOne can be a cost-effective option.

What would Beansprout do?

If I had to choose a brokerage today, I wouldn’t simply look for the one with the lowest headline commission. Cost matters, but it’s only one part of the equation.

First, I would make sure the platform is regulated by MAS and decide whether I prefer a CDP-linked account or a custodian account. If I value having shares held directly in my name, I would lean toward a CDP-linked structure. If I prioritise lower fees and flexibility across multiple markets, a custodian account may be more practical.

Next, I would match the brokerage to my investing style.

If I trade Singapore or US stocks actively and want competitive fees with strong promotions, Longbridge Singapore would be worth considering.

Longbridge Singapore offers the most attractive welcome rewards when you sign up and fund the account and is one of the lowest cost broker for trading Singapore stocks. Read our review of Longbridge Singapore here, learn more about the Longbridge promo here or sign up for a Longbridge Singapore account here.

If I were a beginner who values an intuitive app and educational support, Moomoo Singapore might be worth considering as a start. Read our review of Moomoo SG here, learn more about the Moomoo Singapore promo here or signup for a Moomoo account here.

For dividend-focused investors, IG Markets offers $0 commissions and $0 platform fees across Singapore, US and Hong Kong markets, along with an ongoing promotion to earn up to 3% p.a. interest on eligible holdings. This means you can build your dividend portfolio without trading costs eroding returns, while adding an extra stream of interest income as you stay invested for the long term. Learn more about the IG Markets promo and how to get started here.

For building ETFs through a Regular Savings Plan, FSMOne stands out. And if I am investing using CPF or SRS funds, POEMS or FSMOne would likely be more cost-efficient choices.

FSMOne is the most affordable for investors looking to invest in ETFs with a Regular Savings Plan, and offers competitive fees for investing using CPF/ SRS funds. Read our review of FSMOne here.

POEMS is a low cost option for CPF/SRS investing into Singapore stocks, and investing in unit trusts. Read our review of POEMS here or sign up for a POEMS account here. 

Beyond commissions, I would also consider minimum fees, FX spreads for international trades, platform fees for SRS investments, and how sustainable the pricing structure is over the long term. 

I would also look at features beyond trading fees, such as mobile app usability, research tools, educational content, multi-market access, and the ease of setting up recurring investments. A platform with useful tools and good customer experience can make a big difference in how confidently and consistently you invest.

Ultimately, the right platform depends on your goals, the markets you invest in, and how you plan to build wealth over time. 

In practice, many investors may even use more than one brokerage to optimise for different needs.

Here’s a list of sign-up promotions currently offered by different brokerages which you can tap into:

If you are looking to invest in unit trusts and mutual funds, then check out our guide to the best unit trust platforms in Singapore.

If you prefer automated investing with low minimums and portfolio rebalancing, then check out our guide to the best robo-advisors in Singapore here.

If you are looking to trade options with advanced tools and competitive fees, then check out our comparison of the best options trading platforms in Singapore.

Follow us on Telegram, Youtube, Facebook and Instagram to get the latest financial insights.

This article contains affiliate links. Beansprout may receive a share of the revenue from your sign-ups to keep our site sustainable. You can view our editorial guidelines here.