Best online brokerage & trading platform in Singapore [2025]

Summary of best online brokerage & trading platform in Singapore [2025]

Our picks for best online brokerages in Singapore:

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

With many different trading platforms to choose from, finding the best online broker in Singapore can be difficult. 

To help you look for the best stock trading platform in Singapore that suits your investing needs, we will be comparing the fees across various online brokers based on the products they offer.

Whether you are looking to invest in US or Singapore stocks, or start a regular savings plan, here are our picks for the best online broker in Singapore.

If you know of a trading platform offering a lower fee or has an ongoing promotion, leave a comment below so that we can update the list of best online brokerages and share with the Beansprout community!

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 you 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, Webull Singapore, Moomoo SG, Tiger Brokers, 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. 

It's worth noting that 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. 

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

The DBS Vickers account 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. 

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. 

To find out how to open a CDP account, read our step-by-step guide here.

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

For trading in US stocks, Moomoo SG, is the most competitive because of zero commissions, although it has a US$0.99 per trade.

This is followed by Webull, which has 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 nine platforms that allow you to invest using CPF and SRS funds. These would include DBS Vickers, OCBC Securities, UOB Kay-Hian, FSMOne, CIMB Securities, Phillip Securities (POEMS), Maybank Kim Eng, Lim & Tan, and KGI Securities (Singapore).

Unfortunately, you will not be able to invest your CPF or SRS funds with popular online brokers like Tiger Brokers, 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.

When it comes to setting up a regular savings plan using your CPF or SRS funds, POEMS and FSMOne stand out as having the lowest fees.

If your RSP investment amount is $1,000 monthly, it will result in S$1 fees for both POEMS and FSMOne.

However, there will be a difference once your total investment increases, as POEMS calculates their fees as a percentage of the total portfolio value.

At the 10th month, POEMS would charge a monthly fee of S$2.50 (0.025% x S$10,000). FSMOne, on the other hand, would still charge the same fee of S$1 for your S$1,000 purchase in the month.

#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. 

Final verdict on best stock trading and online brokerage account

Here are our picks for the best online brokerage and trading platform in Singapore:

Moomoo Singapore is the best online brokerage platform for beginners and offers competitive fees for trading US stocks for investors who are looking to invest in the US markets. Read our review of Moomoo SG here or signup for a Moomoo account here.

Webull Singapore currently has the lowest fees for Singapore stocks. Read our review of Webull here or signup for a Webull account here. 

Longbridge Singapore offers the most attractive welcome rewards when you sign up and fund the account. Read our review of Longbridge Singapore here or sign up for a Longbridge Singapore account here.

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. 

Here’s a list of sign-up promotions currently offered by different brokerages: