Share trading platforms

Compare the best online trading platforms in Singapore for trading shares.

By   |   Updated 20th July 2021

Comparing share trading platforms

Moomoo

Moomoo

Brokerage Fee

$0.03

Tradable Assets

ETFs, Shares, REITs

Tradable Indices

HK, SG and US markets

Signup Bonus

Complete your first stock transfer and claim a S$50 Coupon

Highlights

  • Trade blue-chip stocks in US, HK and SG markets.
  • Trade multi-markets and multi-products with a lower commission. No custodian fee.
  • Free Level 2 market data.
Interactive Brokers

Interactive Brokers

Brokerage Fee

$0.00

Tradable Assets

Bonds, ETFs, Futures, Hedge Funds, Mutual Funds, Options, Shares, Spot currencies, US spot gold

Tradable Indices

ASX, KSE, LSE, NASDAQ, NYSE, TSE, XETRA and more

Signup Bonus

None

Highlights

  • Enjoy low commissions and financing rates.
  • Invest globally in stocks, options, futures, currencies, bonds and funds from a single integrated account.
  • Take advantage of IBKR's trading platforms, free trading tools and comprehensive reporting to help you get ahead.
Tiger Brokers

Tiger Brokers

Brokerage Fee

$0.01

Tradable Assets

ETFs, Futures, Options, OTC, REITs, Shares

Tradable Indices

ASX, HKEX, NASDAQ, NYSE, SGX, SSE, SZSE

Signup Bonus

Receive stock vouchers and commission-free trades

Highlights

  • Open your account in as little as 5 minutes.
  • Get easy access to global markets and low commissions.
  • Know the latest updates and stay on top of your investments with Tiger Brokers' free market data.
Saxo Markets

Saxo Markets

Brokerage Fee

$0.00

Tradable Assets

Bonds, CFDs, Commodities, Crypto, ETFs, FOREX, Futures, Mutual funds, Options, Stocks

Tradable Indices

EU, HK, JP, SG, US markets and more

Signup Bonus

None

Highlights

  • It only takes five minutes to open your account online.
  • Get ultra-competitive spreads and commissions across all asset classes.
  • Get news, commentary and actionable trade ideas from their team of expert analysts.
TD Ameritrade

TD Ameritrade

Brokerage Fee

$0.00

Tradable Assets

Bonds, Cryptocurrency (Bitcoin futures), ETFs, Fixed Income, Forex, Futures, Mutual Funds, Options, Shares

Tradable Indices

NASDAQ, NYSE

Signup Bonus

None

Highlights

  • With TD Ameritrade, not only can you trade commission-free online, but you get access to all our platforms and products with no deposit minimums, trading minimums, or hidden fees.
  • Powerful, intuitive platforms for every kind of investor.
  • Get access to stocks, bonds & CDs, options, non-proprietary mutual funds, futures, forex, commission-free ETFs, and more.
FSMOne

FSMOne

Brokerage Fee

$8.80

Tradable Assets

Bonds, ETFs, Funds, Shares

Tradable Indices

HK, SG and US markets

Signup Bonus

None

Highlights

  • FSMOne is the first investment platform to offer a permanent 0% sales charge on all funds and managed portfolios for all clients.
  • Create your own portfolio, talk to their investment advisory team or invest through FSM-managed portfolios.
  • Get access to various free tools and services that will allow you to understand what exactly you are investing in.
POEMS

POEMS

Brokerage Fee

0.08%

Tradable Assets

Bonds, CFDs, ETFs, FOREX, Futures, Shares, Unit trust

Tradable Indices

ASX, HKEX, SGX, NASDAQ, NYSE and 21 more international markets

Signup Bonus

Exclusive welcome gifts for new CFD traders

Highlights

  • Gain unparalleled access to over 40,000 products across more than 26 exchanges worldwide including Stocks, ETF, CFD, Forex, Gold, Futures, Unit Trust, Regular Savings Plan (RSP) and more.
  • Save on brokerage fees when you trade Equity with their Cash Plus Account.
  • Rich in trading tools and features, the POEMS award-winning suite of trading platforms are designed to provide every type of traders and investors with the best-in-class online trading experience.
DBS Vickers Securities

DBS Vickers Securities

Brokerage Fee

0.28%

Tradable Assets

CBBC, Depository receipts, DLCs, ETFs, Fixed income securities, REITs, Shares, Structured warrants

Tradable Indices

AU, HK, JP, SG, UK and US markets

Signup Bonus

Zero brokerage fee on your first 5 online trades

Highlights

  • Get instant and direct market access to trade in SGX, HKEx, NYSE, NASDAQ, AMEX, TSX, TSE, LSE and ASX.
  • Zero brokerage fee on your first 5 online trades.
  • Receive 10% commission rebate on all online trades.
Rakuten Trade

Rakuten Trade

Brokerage Fee

0.1%

Tradable Assets

Shares

Tradable Indices

MYX

Signup Bonus

Get a rebate on your brokerage fee when you sign up and trade for the first time.

Highlights

  • Online account opening approval in 2 hours.
  • Take advantage of their low brokerage fees.
  • Earn Rakuten Trade points.

Overview

Online trading platforms allow you to invest in stocks, bonds, foreign currencies, and other assets from anywhere at any time. Most provide multiple trading options, expanding your earning potential and allowing you to diversify your portfolio. However, because trading can be complex, make sure you understand how it works before getting started.

Choosing which is the best online broker can be difficult since there are so many trading platforms online. When it comes to comparing the best brokerages and trading platforms, in Singapore for instance, there are numerous variables to consider (user experience, market access, product offering, and so on). It can be intimidating, but looking at the fees involved with each trade is a good place to start.

How shares are traded

The majority of Singaporean company stocks are traded on the Singapore Exchange (SGX), a place buyers and sellers meet to negotiate a price. You can buy or sell stocks on the Singapore Exchange from Monday through Friday, from 9.00 a.m. to 12.30 p.m. and 2.00 p.m. to 5.00 p.m.

Shares are mostly traded in board lots of 1,000 shares on the Singapore Exchange. For those who wish to continue trading in the designated board lot sizes, board lot trading on the existing Ready Market will be maintained.

Why trade shares

Shares are one of the most popular investment options for individuals seeking higher returns on their savings. Every day, shares are bought and sold for a variety of reasons, including:

  • Capital growth. Shares have the potential to grow in value over time.
  • Dividend yield. Shares can generate income for you if you hold them.
  • Diversification. With shares, you can invest in a variety of companies with small amounts of money.
  • Liquidity. When you want, you can buy and sell shares quickly and easily.
  • Transparency. The price of the shares you want to buy or sell is visible.

Capital gains tax

There is no capital gains tax in Singapore. Sales of shares, fixed assets, intangible assets, profits on foreign exchange on capital transactions, and other similar transactions are not taxed in Singapore. Capital gains are only taxable if you are a dealer or trader, which means that profits are taxable when someone buys and sells property for a profit.

Learn about share trading platforms

More info on some of the most frequently asked questions about trading shares.

  • Pros & cons

  • Tips

  • FAQs

  • Guides

Easier to invest excessively and too quickly

Because it's so simple — all you have to do is fill up a quick form and press a button — you run the danger of making poor investment decisions or over-investing.

Greater control

When it comes to trading stocks, time is sometimes of the essence, thus the convenience of using online trading platforms is appealing to many investors. Using an online trading platform, you may trade nearly instantly when it suits you.

High quality charting and analysis

In the world of online trading, a low price does not always imply a low-quality goods. Many of today's online trading platforms have a very comprehensive set of tools to optimise your strategy, even on their mobile apps.

It can be addictive

You can easily find yourself trading risky shares with the potential for large gains or losses.

Trading shares online is cheaper

Traditional brick-and-mortar brokerages are renowned for their high trading fees, whereas many online trading platforms do not charge a brokerage fee.

You're on your own

Online traders are left to their own devices when it comes to learning how to establish an investing plan and comprehending how the results of feedback mechanisms affect the market.

Do your due diligence before investing

It is highly recommended to research the company you are investing in before buying their shares. You can usually find information on the company's important financial metrics, such as price-earnings ratios, earnings per share, dividend yield, balance sheet, and income statement, under the research or stock quote tab of the trading platform.

Know what you're getting for your money

Before you conduct a deal, calculate what the fees and charges will be for a trade so you have a clear picture. If the trading platform doesn't charge a commission on trades, they most likely have a foreign exchange margin that will be incurred, for example, when you are buying US shares.

Pick a platform that's suitable for your level

It's critical to pick a platform that fits your skill level. Some trading platforms, for example Interactive Brokers and CMC Markets, are designed for sophisticated traders with years of experience. Avoid these platforms if you are new to trading and go with something that's more beginner-friendly, like Moomoo.

How long does it take for a new trading account to be processed?

It doesn't take much more than a few minutes to open an account, however, you may have to wait until you actually trade while your account is processed through KYC (Know Your Customer) procedures. It may also take time for your funds to clear, especially if there is a foreign exchange involved so you can trade international markets.

Is it safe to trade online?

If you're investing online, make sure your internet broker is authorized and licensed by the Singapore Monetary Authority. We only list trading platforms on Finty that are legitimate businesses with a proven track record of reliability and authenticity.

What does it cost to open a trading account?

Generally there is no fee just to open an account, but trading platforms in Singapore often require an initial deposit before you can trade. You can compare the minimum required deposit with Finty in the comparison tables.

Who can open a trading account online?

You can register a trading account in Singapore if you're over the age of 18 and aren't bankrupt. You can open a trading account at any time, even if you're a foreigner working outside of Singapore, as long as you meet the preceding prerequisites.