Best Brokerage Accounts in Singapore: How to Choose One? By Jaslyn Ng Last Updated: 13 August, Table of Contents. However, to invest, you first need to have a brokerage account. Best For. Apply Here. Comparison of the Best Online Brokers in Singapore. Markets and Assets Available Here is the comparison of the markets and assets available from the different online brokers in Singapore: Broker Markets Available Asset Class Offered Tiger Brokers — Singapore — U. Fees for Singapore Market Here is a list with rates charged for the Singapore market of some of the best trading accounts Singapore has to offer.

Broker Min. Commission Min. Fees for US Market Many online brokers in Singapore allow trading with US stocks. Best Overall Online Brokerage and Cheapest! This opens the door for it to the US markets, China, and the SGX as well. It trades with stocks, ETFs, Futures, Options, and REITs Real Estate Investment Trusts. It is also planning on bringing warrants to this group of services soon enough. Moomoo also allows trading on HK stocks with a 0. Market Platform and Trading fees Minimum Commission Singapore 0.

Best Online Brokerage For Access to the US Market — TD Ameritrade The SGX is not the only exchange market where Singaporeans can trade. This makes it one of the safest and overall best online brokerage accounts in Singapore today. On the other hand, TD Ameritrade has excellent educational services. Moreover, you can download the app from Play Store or Apple Store. The first trading platform from this broker showed up in early For example, for the SGX the rates go as follows: Bronze — 0.

What is a Brokerage Account? To create a brokerage account, you first need to find a brokerage firm. Once you find a suitable company, you deposit a desired amount of cash and start trading.

Brokerage Account vs. CDP Account vs. Custodian Account Quite often, a brokerage account is confused with a CDP account. Basically, this is the safe box where all of your assets are stored.

After that, you store it in your CDP account. Or vice versa. On the other hand, there is the option of having a custodian account instead of a CDP one. How to Choose the Best Broker For You? Licenses Nobody wants to invest their money somewhere where they might not be safe. So if your brokerage firm is CMS certified, you are safe to proceed. Otherwise, I advise looking for another broker. Type of Account When talking about the type of account, I mean choosing a CDP or a custodian account.

And with a custodian account, you will have the opposite. This is why the fees for a custodian account are much lower than for a CDP one. Fees When choosing a broker, the first thing everyone takes note of are the many different fees.

First come the platform fees for using the trading platform. Then, you should ask yourself how many times you plan to sell or purchase. These two are constant and equal to 0. Ease of Use Make sure that you consider the availability of a mobile app from the broker. Another thing is how easily you can create and access your account through this app. If a broker has a trial period, try the account from it and see if it fits your needs.

Available Asset Classes I mentioned this before, but before you begin your search for the best investment platform in Singapore, decide what type of assets you want to invest in. Ease of Withdrawals and Deposits The time you need to withdraw or deposit cash into your brokerage account also plays a big role. In all cases, make sure you read the conditions of the broker regarding this matter. Minimum Funding Figuring out what your financial abilities are is important before you start looking for a broker.

Many even set different levels that give you a higher limit. Market Insights The role of a brokerage is to connect you with a potential buyer or seller of assets. Choosing a trading platform that suits you As you can tell, there are quite a few things you need to consider before deciding on the best brokerage account for your needs. Jaslyn Ng. She shares her findings through the Dollar Bureau blog. Follow us here:. Facebook-f Instagram Twitter Telegram Youtube Pinterest. Other Useful Reads.

Aviva MyRetirement Choice III Review: Now Singlife Flexi Retirement 1 August, Home About Blog Contact Careers Tools. Get Our Free Financial Planning E-book. Join over 1, Singaporeans in their financial planning journey! Added to this, CGS-CIMB provides excellent trading platforms in the shape of MT4, and their own proprietary trading platform iTrade which offers more than 70 unique features and tools. The broker is also backed by an excellent research and education section that can allow you both to develop quickly and gain valuable insight no matter your level of trading experience.

Feel free to visit CGS-CIMB directly if you are a Singapore-based trader to get started. POEMS is the trading section of PhillipCapital and one of the longest standing trading platforms and brokerages in Singapore has been around in one form or another since Through this experience, you can be sure of a well-regulated and highly trusted experience with many hundreds of assets available for trading across a broad range of markets.

You will find stocks, bonds, ETFs, futures, options, CFDs, warrants, and many more instruments available to be traded on exchanges not only in Singapore but around the world. The broker offers one of the broadest ranges of asset collections in the industry if you are a stock trader in Singapore. Additionally the usability of the proprietary platforms offered is superb with the Poems 2.

For more details, you can visit the Poems website directly to sign up and begin trading today. iOCBC is the securities trading arm of the longest established bank in Singapore, OCBC Bank. They have been around since and this trusted history lends very positively to the trading experience and security you can expect when stock trading through this broker. The broker provides excellent Direct Market Access to a total of 15 stock markets in Singapore and around the world ensuring you can trade in hundreds of assets of varying types.

This means stocks, ETFs, bonds, funds, warrants, and more can all be traded with the availability of leverage and trading on margin also. One of the real positive points for those trading with iOCBC and in particular more advanced traders is the depth of research they provide with a wide range of analysis and daily market reports always made available. For more information on this broker or to get started, you can check out the iOCBC website.

Connect with us. Singapore Investors:. Best for Singapore Bitcoin Brokers Gold Brokers Forex Brokers Stock Brokers Cryptocurrency Brokers Binance Kraken Kriptomat Paybis Forex Brokers AvaTrade Capital.

com CityIndex FXTM XM. Table Of Contents. Factors to Consider Before Trading Each of the brokers we have selected is among the best available for stock trading in Singapore. This makes it a great option if you are looking at long-term investments and do not plan on selling the stock.

If you do want to sell the stock in the future, you could consider other brokerages such as FSMOne to execute that trade at a low commission fee instead.

Both these brokerages have made their mark in the Singapore brokerage market despite being relatively new here. The game changer when it comes to promotions, Tiger Brokers were the ones that introduced the idea of collecting coins much like Shopee , attractive referral gifts, stock vouchers and more. Tiger Brokers is also offering a welcome gift promotion till 30 August that rewards new customers with days of unlimited trades for U.

stocks, and days of unlimited commission-free trades for HK, SG, and China A stocks, as well as one free Grab share. Promo ends on 30 August You might have seen moomoo SG ads on the MRT previously. Check out our full review of moomoo here. By Ching Sue Mae A flat white, an adventure-filled travel and a good workout is her fuel. This Manchester United fan enjoys sharing knowledge on personal finance while chasing the dream of financial independence.

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And now, without further ado What makes a good CFD broker? First of all, the broker should be specialized in CFDs. Our reviews also put great emphasis on the overall quality of the service. We also score positively if CFD fees and withdrawal fees are low. These criteria are easy to list but hard to figure out. We are testing brokers based on close to criteria , using real accounts and real money. You can find the details of all the ranking criteria in our methodology. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

If you don't have a clue what a CFD is, you should start by picking up some basic information about CFD trading. And now, let's see the best CFD brokers for Singaporean citizens in one by one, starting with the winner, Capital.

com is a global CFD broker founded in It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority FCA , the Cyprus Securities and Exchange Commission CySEC , the Australian Securities and Investments Commission ASIC and the Financial Services Authority of Seychelles FSA , respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker All spreads, commissions and financing rate for opening a position, holding for a week, and closing. Visit broker More ActivTrades is a global forex broker founded in It is regulated among others by the UK's Financial Conduct Authority FCA and the Commission de Surveillance du Secteur Financier CSSF of Luxembourg. ActivTrades having a long track record and being regulated by the FCA, a top-tier financial authority, are all good signs for its safety.

ActivTrades operates both UK and EU websites under the co. uk and. eu domains , as well as an international one.

Some products, fees and conditions may differ depending on the entity concerned. Take your time and compare at your own pace. Sign up to receive bite-sized emails on specific account opening processes, fee calculation, brokerage comparison and more.

CMC Markets is a global CFD and forex broker, founded in It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority FCA. The company is also listed on the London Stock Exchange. Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability. City Index is a global CFD and FX broker founded in City Index is the trading brand of StoneX Financial Ltd.

is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority FCA , the Australian Securities and Investments Commission ASIC and the Monetary Authority of Singapore MAS. City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

MultiBank is a global CFD and FX broker. MultiBank Group was established in California, USA, in with headquarters in Hong Kong.

They are a global financial group whose member companies are active in areas from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities, regulated by the Australian Securities and Investments Commission ASIC and other financial authorities. In this review, we will use MultiBank as a name for the brokerage service. MultiBank is considered safe because it is regulated by the top-tier ASIC and has a reasonably long history, dating back to In , we ranked CFD brokers based on close to criteria.

When ranking the best CFD brokers, we put great emphasis on the overall score, which we calculated based on all criteria. We also used the following specific criteria for ranking the best CFD brokers: trading fees, non-trading fees and the number of CFDs available.

It's usually not easy to compare CFD broker fees, but we are here to help. There are two categories: trading-related fees and non-trading fees. To make your life easier, we calculated all fees based on typical trading scenarios so that you can make a simple comparison.

We looked at the following products:. Our assumptions included opening a position, holding it for a week and then closing it. Similarly to trading fees, we used typical scenarios to make these comparable. We looked at the following non-trading fees:. Compare more fees. With CFDs, you can bet on whether the price of an asset will go up or down, without actually buying the underlying asset. Let's say you want to profit from Microsoft's stock price going up.

At an online stockbroker, you would simply buy the Microsoft stock. By contrast, at a CFD broker, you can instead bet directly on the stock price going up. However, CFDs are much like knives: they can be very useful, but if you have no idea how to use them, you can easily hurt yourself.

To better understand these advantages, educate yourself by reading our CFD trading tips. If you do not own the actual stock or any other underlying asset , you are also running an additional kind of risk that you need to understand before trading CFDs. If you own an actual stock, it stays in custody with a custody service provider; so even if, in a worst-case scenario, your broker goes bust, you will sooner or later be able to access your stocks again.

However, if you hold a long CFD position on the same stock and your broker goes bankrupt, you will be compensated only up to the investor protection scheme of the broker's country of regulation.

One core problem was that some dealing desks made a profit when their clients lost money. If you don't know what this model looks like, this article clearly explains it. Another problem was the aggressive and unbridled marketing of deposit bonuses, cheap prices and messages that promised an easy path to getting rich.

The new ESMA and ASIC regulations are aimed at lowering the proportion of accounts suffering losses. Here are the measures explained in detail:. So do these stricter regulations mean that CFD trading will become little more than a bedtime story we tell our kids? The new rules certainly took off some rough edges: retail investors are now protected from losing more than they invest; while at the other end, canny investors are no longer able to endlessly multiply their profits by using high leverage.

All in all, we think CFDs will remain popular despite - or perhaps because of - the new regulations, as trading becomes safer and more transparent. You should be aware that investor protection regulation is different in every jurisdiction. You should always check the relevant rules. It's time to discuss how to make a well-informed choice in today's changing landscape of CFD brokers.

Compare protection amounts. You've seen the details, now let's zoom out. Here are once again the best CFD brokers in for citizens in Singapore :. com is our winner, the best CFD broker for Singaporean citizens in Low forex CFD fees and commission-free real stocks.

Great account opening experience. Excellent email and chat support. All five top brokers are great choices. However, keep in mind that CFDs are really risky. If you think you are experienced enough, pick your winner and take the next step in your trading journey. Let us know what you think in the comments section. Still unsure? Use our broker finder to find the best broker for you.

Everything you find on BrokerChooser is based on reliable data and unbiased information. Read more about our methodology. Toggle navigation Menu Close. Compare brokers. Compare Broker tool. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. COMPARE BROKERS. Compare highest-rated brokers. Compare other popular brokers. Compare Digital Banks tool.

Best brokers. Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool.

And now, without further ado Singapore Financial Planners shall not be held liable for any inaccuracies, mistakes, omissions, and losses incurred should you act upon any information listed on this website. This broker has given full transparency to all of its services and fees regarding every market on the official site. This product automatically adjusts margin requirements based on the user's specific "knockout level", or maximum loss. They help the client find a policy that fits their needs and cannot bind any coverage on behalf of the insurer.

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