The Best Trading and Investment Apps in Singapore

Singapore is one of the most prosperous countries in Asia when it comes to foreign trading. Being one of Asia’s major financial centres, it has attracted the world’s leading brokerage firms. The Monetary Authority of Singapore (MAS) is in charge of overseeing its trading activities. Therefore, all brokers extending their services in Singapore should receive approval from this authority.

If you are a beginner, note that the first step to trading in Singapore is finding the best trading broker. The broker should also have a reliable mobile application to monitor your trades when you cannot access your desktop. 

This is where we come in. We understand that the process of identifying the best stock broker with a reliable app can be cumbersome and time-consuming. So, we have conducted extensive research by testing and reviewing multiple trading and investment apps in Singapore to help simplify your search.

Best Trading Apps in Singapore

Plus500
IG Markets
eToro

Spread for Bitcoin

Variable

6 pips

0.75%

Spread for USD/EUR

Variable

1 pip

3 pips

Spread on Amazon

Variable

Min. $2

0.09%

Commission

Withdrawal Fee

€0

0%

€25

Minimum Deposit

€100

$250

€100

Time to Withdraw

1-3 Days

1-3 Days

1 Day

How Many Cryptocurrencies

12 (CFD)
Availability subject to regulation

16 (plus pairs)

How Many Currency Pairs

70+ (CFD)

80+

47

How Many Stocks

1,500+ (CFD)

12,000+

1,000+

Platform

Plus500

MetaTrader 4 + DMA

eToro + eToroX

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

ASIC

CySEC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Our extensive research has led us to believe that Plus500, IG Markets, and eToro are the best trading apps in Singapore. These apps’ platforms are intuitive and easy-to-use, with various excellent investment options, including forex, options, stocks, cryptocurrencies, commodities, and ETFs.

Our recommended trading apps have also proven to have efficient and reliable customer support. We tested how responsive they are during our research, and we must admit that our findings were impressive. If you are a beginner in Singapore, we highly recommend these trading apps for you.They also have various communication methods, such as phone calls, email, and live chat.

 One of the primary and most crucial factors that we look at in brokers we review is their safety. All three brokers mentioned above are regulated by top-tier authorities, including the Monetary Authority of Singapore (MAS) and the Financial Conduct Authority (FCA).

Try the best trading apps in Singapore. If you are lost for choice, feel free to use their demo accounts and test them first. Once you figure out the one that works best for you, you can create a live trading account.

Best Forex Trading Apps in Singapore

FOREX.COM
Plus500
IG Markets

Spread on Amazon

Depend on market

Variable

Min. $2

Commission

Depend on asset

Withdrawal Fee

0

€0

0%

Minimum Deposit

$250

€100

$250

Time to Withdraw

1-3 Days

1-3 Days

1-3 Days

How Many Stocks

220 (as CFDS)

1,500+ (CFD)

12,000+

Platform

Forex/MT4

Plus500

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

Cysec, FCA

FCA, CySEC, ASIC, MAS

ASIC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

The above forex trading apps are the best in Singapore, according to our research. All of them are regulated by the Monetary Authority of Singapore (MAS) and other top-tier authorities, including the UK’s Financial Conduct Authority (FCA). This makes them safe to invest in.

Our recommended forex trading apps also have various market securities to invest in. Their trading platforms are coupled with excellent educational and research tools to help you improve your trading experience.

The apps are also user-friendly, making you take total control of your trading activities.

Although their trading fees vary depending on the securities offered, we recommend that you confirm if what they charge aligns with your budget before making a commitment. The above brokers also have demo accounts so you can test the apps and see which one works best for you.

Best Stock Trading Apps for Beginners in Singapore

eToro
FOREX.COM
OANDA

Commission

Depend on asset

Withdrawal Fee

€25

0

N/A

Minimum Deposit

€100

$250

$0

Time to Withdraw

1 Day

1-3 Days

1+ Day

Mobile App

Regulation

CySEC

Cysec, FCA

IIROC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Every beginner in Singapore requires the necessary tools that will guide them in their trading experience. For this reason, we make sure that the stock trading apps we recommend for beginners in Singapore are easy-to-use and customisable.

Our conclusive results show that eToro, Forex.com and Oanda are the best stock trading apps for beginners. What makes them stand out is that their trading platforms are easily tailored to suit your trading needs. They also have the latest features to make your experience worthwhile.

Another factor that we consider when looking for stock trading apps for beginners is resource and educational tools, as beginners are typically less informed about how trading works.

With educational materials, such as webinars and tutorials, you will have room to improve your trading experience.

Since novice investors need guidance in their trading activities, the best stock trading app should also have reputable and reliable customer support. The support service should be available 24 hours, seven days a week, so that there is a platform to contact should you have any issues. eToro, Forex.com and Oanda all have reliable customer service, and so we highly recommend them for beginners.

We always advise our readers to try our recommended brokers by using their demo accounts. Here, you get to feel what a real trading account looks like, before deciding to commit.

Best Free Stock Trading Apps in Singapore

eToro
Plus500
XM

Commission

Withdrawal Fee

€25

€0

$ 0

Minimum Deposit

€100

€100

$5-100

Time to Withdraw

1 Day

1-3 Days

1 Day

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

Platform

eToro + eToroX

Plus500

MetaTrader4, XM Webtrader

Mobile App

24/7 Support

Regulation

CySEC

FCA, CySEC, ASIC, MAS

FCA, BaFin, CNMV, CONSOB, ACP

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Again, our team of experts start their research by checking if the trading apps are safe for use. These three above are all regulated by the Monetary Authority of Singapore (MAS). They also have licenses from other top-tier authorities across the globe.

eToro, Plus500 and XM are affordable stock trading apps. Note that there is no free app out there. However, you will find apps, like the ones we recommend here, with low trading and non-trading fees. Some will even have a no minimum deposit requirement. We advise you to confirm their prices before making a commitment.

When it comes to functionality, these stock trading apps are designed in an intuitive, user-friendly manner.

The apps’ speed and performance are exceptional, allowing you to take control of your trading activities. 

It’s always good to have a stock trading app with various educational and research tools in your corner. Trading is a learning process that even professionals fail to master sometimes. With this in mind, we also considered brokers that will give you a platform to learn and improve your trading skills.

Generally, eToro, Plus500, and XM are the best free stock trading apps in Singapore because of their low trading and non-trading fees. We primarily recommend them to stock investors with a low budget.

Best Day Trading Apps in Singapore

IG Markets
eToro
FOREX.COM

Spread on Amazon

Min. $2

0.09%

Depend on market

Commission

Depend on asset

Withdrawal Fee

0%

€25

0

Minimum Deposit

$250

€100

$250

Time to Withdraw

1-3 Days

1 Day

1-3 Days

How Many Stocks

12,000+

1,000+

220 (as CFDS)

Platform

MetaTrader 4 + DMA

eToro + eToroX

Forex/MT4

Mobile App

24/7 Support

Regulation

ASIC

CySEC

Cysec, FCA

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Time is of the essence when it comes to day trading. Any glitch or minute lost while trading could cost you the entire trade. Therefore, rest assured that the recommended day trading apps here have the best performing trading platforms that you’ve ever seen before. The apps are also regularly updated as technology advances.

Another factor we consider is trading fees. As a day trader, you are probably investing multiple times every month.

 Therefore, you need to find an app that aligns with your investment capital, like the ones we recommend above.

Lastly, day traders usually require a wide range of trading assets and markets, which you will find in the above day trading apps. We can also confirm that these apps are safe to invest in since they are licensed and regulated by top-tier authorities, including the Monetary Authority of Singapore (MAS) and the Financial Conduct Authority (FCA).

Best Stock Trading Apps in Singapore

CMC Markets
IG Markets
Plus500

Spread on Amazon

0.08%

Min. $2

Variable

Commission

Withdrawal Fee

0%

0%

€0

Minimum Deposit

€0

$250

€100

Time to Withdraw

1 Day

1-3 Days

1-3 Days

How Many Cryptocurrencies

12 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

300

80+

70+ (CFD)

How Many Stocks

9000+

12,000+

1,500+ (CFD)

Platform

MT4 + DMA

MetaTrader 4 + DMA

Plus500

Mobile App

24/7 Support

Regulation

ASIC

ASIC

FCA, CySEC, ASIC, MAS

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

When looking for a stock trading app in Singapore, it is essential that you figure out your trading needs first. Know the value of your investment capital and market assets before choosing the best stock trading app.

When testing brokers in Singapore, our professional researchers considered reputable brokers regulated by top-tier authorities, including the Monetary Authority of Singapore (MAS) and the Securities and Exchange Commission (SEC).

The best stock trading apps in Singapore also have the necessary trading instruments, such as commodities and futures.

Additionally, these apps will allow you to access various educational and resource tools, which is fundamental for improving your trading experience.

A good stock broker should always have a free trial or demo account where potential traders can test them and see if what they offer is worth investing in. All the brokers here have a demo account, so do not hesitate to try them. These accounts are also free to access. Simply take advantage of them and let your trading experience begin.

What Makes a Good Stock Broker & Platform in Singapore?

There are a few variables that we take into consideration when analysing stock brokers and platforms in Singapore. We compare their trading costs, customer support, and not forgetting the institution that serves as the primary depository of securities. We also look into other factors that are explained in detail below:

Available markets: The stock broker’s platform should have the securities of your choice. Note that there are stock brokers that offer a wide range of CFDs, while others only have a few stocks and ETFs. We advise you to know your securities and markets before you choose one of our recommended brokers.

Customer support: Even though all of our recommended brokers have responsive customer support, some have more functions than others. For example, while some customer support services will communicate via email, phone calls, and live chat, others may lack tools such as live chat, or email. Therefore, choose a broker who you can quickly reach out to in case of any issues.

Trading costs: Every stock broker in Singapore has its own trading fees on the available securities. Whereas some will charge trading fees, non-trading fees, and have a minimum deposit requirement, others will not.

Therefore, before choosing one of our recommended stock brokers, make sure that their trading costs align with your budget.

Research and educational tools: Our team of experts took it upon themselves to check the availability of resource and educational tools. A good stock broker should always update valuable information and educational materials on its platform to improve your trading experience.

Security: Before conducting further research on stock brokers in Singapore, the first thing we do is confirm their credibility. A safe broker guarantees the safety of your investment, and this should be your number one concern. All our recommended stock brokers in Singapore are licensed and regulated by first-class regulatory authorities, including the Monetary Authority of Singapore (MAS) and the Financial Conduct Authority (FCA).

Trading platform: A good stock broker’s user interface should be user-friendly. Since the trading platform is where you conduct and monitor your trades, you do not want to have a platform that constantly glitches every time you try to find relevant tools.

How we Research Stock Brokers in Singapore

Now that you know the best trading and investment apps in Singapore, we believe you deserve to know how we conducted our research. First, our team of experts are professionals in the trade. In fact, most of us are investing with the stock brokers we recommend here.

The research process was not easy, but the results are fulfilling. Our professionals spent hundreds of hours testing and comparing as many brokers as we could get our hands on, to ensure we deliver to our readers accurate, comprehensive and reliable information.

The first step we take when researching stock brokers in Singapore is to confirm their credibility. All the stock brokers here are regulated by top-tier authorities, including the Monetary Authority of Singapore (MAS), the Financial Conduct Authority (FCA), and the Securities Exchange Commission (SEC). Should you choose a stock broker here with more than one license, do not agonise because it proves that the stock broker can be trusted even more.

Like we stated earlier, our research process takes time, since it undergoes multiple processes. We begin by signing up to the demo or free trial accounts. Since our researchers are professionals in the trade industry, we proceed to trade just like you. Once we shortlist our favourites, we will then subject them to further multiple tests for more accurate results.

Our research does not end here. The honest user reviews from Google Play and the App Store contribute significantly to achieving our accurate results. Once we receive all the results, we combine them and share them here with you.

Note that the change in technology can have a considerable effect on many stock brokers’ trading platforms. New brokers are also entering the market, forcing the existing ones to update their trading platforms. Should any of the brokers here be affected, we also promise to update our reviews on them.

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

Is Olymp Trade legal in Singapore?
Yes. You are allowed to trade forex and binary options with Olymp Trade in Singapore. You also get the opportunity to learn without risking your funds, which is an advantage to Singaporean investors.
How safe is online trading?
Online trading is safe if you are investing with a reputable and safe broker. This means that the brokers should be licensed and regulated by top-tier authorities, such as the Financial Conduct Authority (FCA), the Securities and Exchange Commission (SEC), and the Australian Securities and Investment Commission (ASIC).
Are trading apps safe?
The credibility of a trading app depends on the source. Choose a trading app with a broker that is licensed and regulated by the relevant financial authorities.
Is forex trading legal in Singapore?
Yes. Any Singaporean above 18 years can invest in forex trading in Singapore. However, Singapore’s trading laws state that you can only invest in a licensed and regulated broker, like the ones we recommend in our reviews above.
Can you day trade in Singapore?
Yes. Day trading in Singapore has become a popular venture for most traders. To start day trading, you first need to match the amount of risk. Once you choose your broker and securities of trade, you can proceed to trade, according to your means.
Can you day trade on your phone?
Yes. It is easy to buy and sell quickly when day trading with your phone. It is also easy to receive real-time updates on stock performance. Therefore, if you haven’t installed a trading app on your phone, perhaps it's about time you do so.
Is trading income taxable in Singapore?
No. The profits you make from trading in financial instruments are viewed as personal investments in Singapore. Therefore, this income is not subjected to any form of taxation.

Conclusion

We believe that this article will guide you in the process of choosing the best trading and investment apps in Singapore. Note that not all of our recommended brokers are suitable for your trading needs because they have varying trading costs and market securities.

If you choose our recommended brokers, we advise that you conduct further research, in case you have any questions that have not been answered here. You can also sign up for their demo accounts to clear any doubts you may have, before creating a live trading account.

A demo or free trial account is free to access, but you cannot earn real profit with it. The broker will reward you with virtual money, which you can use to experiment with and learn how the actual trading platform works. 

Lastly, you can rest assured that the brokers you find here are all approved by the Monetary Authority of Singapore (MAS). They are also licensed by other top-tier international authorities, such as the Financial Conduct Authority (FCA) and the Securities and Exchange Commission (SEC). If you want to know more about their credibility, simply visit the Monetary Authority of Singapore’s website.

Note: Feel free to leave a comment below, should you have any questions or comments. We will try our best to respond as soon as possible.

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