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.

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.

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.

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.

Compare the Best Online Share Trading Platforms in Singapore

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.