The Best Stock Brokers and Platforms in Singapore

If you are searching for the best stock brokers and platforms in Singapore, you may want to consider our recommended ones below. With these brokers, you have a better chance of having a lucrative investment. This is because our team of professional researchers have tested them, and confirmed that they are the best stock brokerage firms in Singapore. So, without further ado, let’s dive straight in.

Best Stock Brokers in Singapore

IG Markets
CMC Markets
Plus500

Spread on Amazon

Min. $2

0.08%

Variable

Commission

Withdrawal Fee

0%

0%

€0

Minimum Deposit

$250

€0

€100

Time to Withdraw

1-3 Days

1 Day

1-3 Days

How Many Cryptocurrencies

12 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

80+

300

70+ (CFD)

How Many Stocks

12,000+

9000+

1,500+ (CFD)

Platform

MetaTrader 4 + DMA

MT4 + DMA

Plus500

Mobile App

24/7 Support

Regulation

ASIC

ASIC

FCA, CySEC, ASIC, MAS

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

If you want to trade stocks, look no further than these three stock brokers. Not only will you have access to the local markets, but also the international markets, which gives you many options to choose from. We guarantee that your trading experience will keep on getting better and better as you continue to explore their offerings. 

These brokers have some of the best trading platforms we’ve set our eyes on. The user interface designs are impeccable, which will keep you glued to your screen.

Additionally, they provide many trading tools (from advanced charting packages to educational materials) to ensure you do not lack any resources for your trading experience. 

Whether you are a newbie or a professional, these brokers’ platforms are customisable to fit your trading style. They also have different trading accounts, which makes it easier for you to trade according to your level of experience. That said, feel free to give them a try using their demo accounts, before fully committing yourself.

Best Stock Trading Platforms for Advanced Traders in Singapore

IG Markets
Plus500
Pepperstone

Commission

Withdrawal Fee

0%

€0

0

Minimum Deposit

$250

€100

200

Time to Withdraw

1-3 Days

1-3 Days

1-3 days

How Many Currency Pairs

80+

70+ (CFD)

9

Mobile App

24/7 Support

Regulation

ASIC

FCA, CySEC, ASIC, MAS

ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Advanced traders have demanding expectations that only a few stock brokers can meet, including these three above. Not only are their activities in Singapore monitored by the Monetary Authority of Singapore (MAS), but they also hold licenses from other international financial authorities. 

These brokers understand that expert traders are looking for an extra edge to boost their trading capabilities. That is why their trading platforms are known to be advanced with various charting tools for better market analysis.

These platforms also have the Direct Market Access features, which are among the tools that advanced traders need to be in charge of their trades.

Automating your trades can be very beneficial in the consistency of your trading activities and increasing your profits. Our three recommended brokers let you automate price alerts and your trades, as well. Lastly, all of them have trading applications that you can install on your mobile device and manage your trades anywhere, anytime — a perfect choice for day traders. 

Best Stock Trading Platforms for Beginners in Singapore

Plus500
eToro
CMC Markets

Spread on Amazon

Variable

0.09%

0.08%

Commission

Withdrawal Fee

€0

$5

0%

Minimum Deposit

Time to Withdraw

1-3 Days

1 Day

1 Day

How Many Cryptocurrencies

12 (CFD)
Availability subject to regulation

16 (plus pairs)

12 (plus pairs)

How Many Currency Pairs

70+ (CFD)

47

300

How Many Stocks

1,500+ (CFD)

1,000+

9000+

Platform

Plus500

eToro

MT4 + DMA

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

ASIC

ASIC

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

AFSL 491139. High risk to capital.
Visit

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Beginners in Singapore need stock trading platforms that will help them gradually improve their skills. The platforms should be easy to use and have features that are easily accessible. The platforms should also execute trades fast, making newbies enjoy their experience. 

Stocks trading on these trading platforms let you explore various markets. Therefore, if you are a new trader who is not sure of the market you wish to invest in, these brokers have plenty of assets, including access to international stock markets.

Beginners can trade stocks CFDs on these stock trading platforms if they feel like they are well versed about the risks that this type of trading carries. The good news is that they are backed up with research and educational tools to help you along the way. Others, like eToro, have the copy feature that lets you follow expert traders and copy their positions if you feel like they have better chances of earning you some real cash.

Best Stock Brokers for Copy Trading in Singapore

CMC Markets
eToro
IG Markets

Spread on Amazon

0.08%

0.09%

Min. $2

Commission

Withdrawal Fee

0%

$5

0%

Minimum Deposit

Time to Withdraw

1 Day

1 Day

1-3 Days

How Many Cryptocurrencies

12 (plus pairs)

16 (plus pairs)

How Many Currency Pairs

300

47

80+

How Many Stocks

9000+

1,000+

12,000+

Platform

MT4 + DMA

eToro

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

ASIC

ASIC

ASIC

Based in

the UK

Israel

The UK

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

AFSL 491139. High risk to capital.
Visit

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Copy trading is one way to encourage beginners to trade stocks, and these brokers offer this feature. If you are a novice trader, especially if you have limited time to learn trading strategies, then copy trading could be your best bet. These stock brokers let you copy professionals’ positions, thereby increasing your chances of executing a successful trade.

Another bonus point for these stock brokers with a copy feature is that you can also socialise with other traders.

This gives you a homey feel in that you can share ideas, ask questions where you have doubts, and improve not only your skills but the overall trading experience. 

During our research, we noticed that not only do novice traders benefit from this copy feature, but intermediate and professional traders do, too. In case your position is copied on any of the above stock broker’s platforms, you get rewarded. This encourages expert traders to open positions more frequently and have a chance to make profits and gain rewards from their stock brokers.

Best Stock Trading Platforms for PC in Singapore

OANDA
IG Markets
CMC Markets

Commission

Withdrawal Fee

N/A

0%

0%

Minimum Deposit

$0

$250

€0

Time to Withdraw

1+ Day

1-3 Days

1 Day

How Many Currency Pairs

70

80+

300

Mobile App

Regulation

IIROC

ASIC

ASIC

Based in

NYC

The UK

the UK

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Most Singaporean traders prefer monitoring their trading activities using their PCs. This is basically because trading stocks with PCs allow you to access extra features that are not available on mobile devices.

The above-recommended stock trading platforms execute trades seamlessly on PCs. You can easily customise their platforms to suit any trading style. You can also invest in multiple markets using these brokers, making it a primary choice for day traders.

 Simply put, it’s easy to use multiple screens to invest in various stock markets on your PC. 

Ultimately, when trading using a PC, you expect to have more efficiency and improved performance. Our best stock trading platforms also have advanced trading tools to boost your skills. They also support you with a reliable customer service, which you can easily and quickly reach out to, using your PC.

Best Stock Brokers for Low Spreads and Costs in Singapore

Plus500
OANDA
Pepperstone

Commission

Withdrawal Fee

€0

N/A

0

Minimum Deposit

€100

$0

200

Time to Withdraw

1-3 Days

1+ Day

1-3 days

How Many Currency Pairs

70+ (CFD)

70

9

Mobile App

Regulation

FCA, CySEC, ASIC, MAS

IIROC

ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Budget-conscious traders in Singapore should choose among these three stock brokers listed above because they charge one of the lowest spreads in the industry. Even though you will find that their minimum deposit requirements vary, their trading charges are still among the most competitive. 

For example, with Plus500, you shouldn’t expect any trading commissions or deposit and withdrawal fees. The minimum deposit requirement is $100, and you can see that it still ranges among the lowest.

This means that it charges spreads, which are also low. We highly recommend these brokers to frequent traders who are unwilling to risk a lot of their funds trading stocks. 

The spreads on these stock brokers’ platforms vary with their offerings. They can go as low as 0 pips, depending on the type of trading account you choose. Although all of their spreads range among the most competitive, we still insist that you confirm their trading charges on all offerings, before choosing the one that suits your trading needs. 

What Makes a Good Stock Broker & Platform in Singapore?

Imagine choosing a stock broker, signing up for a trading account, and you start trading, only to discover that they are not the right fit for you. Disappointing, right? Well, no trader wants to go back to the drawing board, especially if they have already invested their time and money in a stock broker.

If you want to avoid such incidents in stock trading, you need to conduct thorough research on a stock broker before commencing your trading activities. Make sure that you are armed with a list of requirements that they should meet, which includes the following:

Security

Ask yourself how safe the broker you are choosing is. Are your trading funds safe with them, or will you still have to worry? To ensure your security, the stock broker should be overseen by tier-one financial authorities, including the Monetary Authority of Singapore (MAS). Trading stocks with a regulated broker is also the only legal way to trade in Singapore. That is why you should never ignore this factor. 

Commissions/Fees

If you are trading in stocks to earn profits, this factor is as important as any other. Invest in stocks with the amount you feel won’t hurt your nest egg, even if you end up losing it. 

That said, start by confirming a stock broker’s minimum deposit requirement, non-trading fees, like deposit and withdrawal charges, and trading commissions. Also, leave no leaf unturned and see if they have hidden charges. That way, it will be easier for you to budget.

Platform

There are various things to look for in a stock broker’s platform. First, there should be a trading platform that suits your level of experience. 

This includes a reliable mobile trading app to keep track of your trades on the go. Secondly, the trading platform should be supported by enough research and educational tools to improve your trading skills and style. 

Markets 

While there are many stock brokers in Singapore, some of them allow access to limited stock markets. Therefore, if you are looking to explore various stock markets, choose a broker that will not limit your options, especially in the international stock markets, like our recommended ones above. 

Funding methods

Don’t be in a rush to sign up for a live trading account without confirming which payment methods work best for you. Not all stock brokers allow deposits and withdrawals via different payment methods, like credit/debit cards, bank transfers, or digital wallets. You will discover that some stock brokers are still stuck on the traditional funds’ transfer methods. 

Customer service

Trading issues do occur once in a while, even when we do not expect them to. Imagine trading with a broker that does not have a reliable and responsive customer service. Most likely, you will not get the solutions to your problems, thereby affecting your trading progress. That is why you need to put your best foot forward and choose a stock broker with excellent customer support.

Demo accounts

When choosing a stock broker, it is recommended that you test them first. What better way than using their demo accounts? With these accounts, you will confirm their offerings and compare them to your trading requirements. If they do not match, you might want to consider exploring other options.

How we Researched the Stock Brokers

Researching many stock brokers and platforms is not an easy task. We work for hours, testing and reviewing as many stock brokers as we can, to ensure not even one is left out in this process. 

The brokers you see in our reviews above earned that spot because we are never biased with our work. Our readers’ interests are our priority, so rest assured that the above stock brokers and platforms are the best in the Singaporean trading market.

Before testing stock brokers in Singapore, we started by ensuring that they are safe for your trading capital. We also know that it is only legal to trade with a legally authorised broker. That is why all our recommended stock brokers above are heavily regulated by the very best global authorities, including the Monetary Authority of Singapore (MAS). 

Upon confirming their credibility, we proceeded to compare what they have to offer. There is only one way to get accurate results, and that is through demo accounts. As professional traders, we signed up for these accounts and started trading, while shortlisting the ones that check most, if not all, of our boxes. 

After comparing the results, we put our shortlisted brokers under another test to ensure that we had done all the necessary checks. 

Honest users’ opinions are significant in a process like this, and we also incorporated them in our research process. We went through the user reviews from Google Play, Trustpilot, and the App Store. These reviews’ findings, combined with our test results, gave us what we believe are irrefutable results.

Tested Platforms & Brokers - And By Who
  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • HYCM
  • ForexTime
  • FXPro
  • FXGrow
  • AAAtrade
  • Markets
  • IFC
  • iForex
  • FXCM
  • Markets
  • CMC
  • LCG
  • Forex.com
  • Oanda
  • FXCC
  • Finmaxbo
  • Marketscube
  • Trader.online
  • Teletrade
Adam Jarfjord
Senior Editor
With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQs

Can I buy shares without a broker in Singapore?
Yes. While it’s possible to buy shares without a broker, the easiest way is to use a stock broker that is legally authorised by the Monetary Authority of Singapore (Mas) to accept Singaporean clients.
How much should you put in a brokerage account?
There is no specific amount that you need to put in a brokerage account because stock brokers in Singapore have different requirements. While some do not have a minimum deposit requirement, others have varying values. Therefore, confirm with your brokerage firm the amount you need to deposit to start trading.
What is the easiest way to buy stocks in Singapore?
The easiest way to buy stocks in Singapore is through a licensed and regulated broker. All you have to do is create a trading account on the broker’s platform and you’ll then have access to various stock markets.
How do I start trading stocks in Singapore?
You need to be over 18 years to qualify as a stock trader in Singapore. Choose a stock broker that complements your trading requirements and make the necessary deposit. Explore the market options available and start trading in stocks.
How do beginners trade stocks?
Beginners can trade stocks by starting to practice with demo accounts. Learn how to use the stock order types and take advantage of other trading tools. Once you are confident in your skills, create a live trading account and choose your order type before trading.
Can foreigners buy stocks in Singapore?
Absolutely. Simply choose a stock broker that has access to your local stock market and start trading. The brokerage firm must be legally approved.
Can Singaporeans buy U.S. stocks?
Yes. Any trader in Singapore can buy U.S. stocks through a broker with access to the U.S. stock market.

Conclusion

The best stock brokers and trading platforms in Singapore are listed above. To make sure that you have an increased chance of earning profits, we advise you to learn more about how stock trading in Singapore works. Also, observe the stock market and be strategic. You will see that every move you make will be a step towards being an independent stocks trader.

Note: If you have any questions or comments regarding this guide on the best stock brokers in Singapore or anything about your experience on our website, we encourage you to leave a message below. We will try our best to get back to you promptly.

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