The beginning of 2023 is an excellent time to look for an efficient and diversified investing platform after a bumpy and lopsided market of 2022. An all-around broker should provide low-cost, comprehensive, and worldwide investment products guiding clients toward reaching their goals. The following broker list may give you a good reference regardless of your requirements.
10 Best Online Brokers in Singapore
The following table summarizes the features of the best 10 online brokers: Webull, TD Ameritrade, Moomoo, Tiger Brokers, DBS Vickers Securities, Syfe, OCBC Securities, SAXO Markets, Interactive Brokers, Poems by PhillipCapital in Singapore.
| Brokerages | Best for | Key features |
| Webull | Frequent and low-cost conscious investors |
|
| TD Ameritrade | Low-cost market investors |
|
| Moomoo | Investors preferring low commission |
|
| Tiger Brokers | International investors |
|
| DBS Vickers Securities | Investors preferring back-up |
|
| Syfe | Beginner investors |
|
| OCBC Securities | Investors preferring solid financial support |
|
| Saxo Markets | Diversified and advanced investors |
|
| Interactive Brokers | International and sophisticated investors |
|
| Poems by PhillipCapital | Brand-name and innovative investors |
|
1. Webull Singapore – Best for Frequent and Low-Cost Conscious Investors
Incorporated in 2021, Webull registers and holds a Capital Market Service Licence issued by the Monetary Authority of Singapore. Besides Singapore, Webull has businesses across the US, Hong Kong, Japan, Australia, and South Africa.
Singapore is the broker’s regional headquarter in Asia Pacific. Webull creates an investor community to educate and enhance investing skills for members.
Highlights
- 0 commission, 0 platform fee, 0 settlement, and the minimum fee for the US stocks and options trades
- Offering equity, fixed income, and Multi-Asset management services for 0 subscriptions and redemption charges
- Fractional share services for a minimum of USD5
Contact Info
- Website:
- Phone:
- +65 6013 3322 (Monday 0900-2000 SGT)
- Address:
- 182 Cecil Street, Frasers Tower #31-02 Singapore 069547
- Email:
Reviews
“ The user interface is user-friendly and easy to transfer money in but not sure it’s the same for withdrawal!”
“ Does not support put option services!”
2. TD Ameritrade – Best for Low-Cost US Market Investors
Founded in 1971, TD Ameritrade is a US-based stockbroker offering stocks, ETFs, options, and futures, through its award-winning trading platform “ThinkorSwim” to sophisticated and beginning investors. The broker also provides a wealth of education and online, live-in-platform demonstrations about investing skills to the public.
In 2020, Charles Schwab acquired TD Ameritrade and will rename the online broker to that of the new owner in 2023.
Highlights
- No brokerage fees, no platform fees, no commission for stocks, ETFs
- US2.41 per contract for futures and futures options, US0.70 per contract for options
- Access to the “ThinkorSwim” trading platform for scanning, charting, and other technical analysis
- Minimum funding: USD3,500
Contact Info
- Website:
- Phone:
- +65 6823 2250
- Address:
- 1 Temasek Ave, #15-02 Millenia Tower, Singapore 039192
- Email:
Reviews
“The lowest cost in investing in the US! And also the easy-to-use trading platform.”
“Only the US market offered!”
3. Moomoo Singapore – Best for investors preferring low commissions
A member of Futu Holdings Limited based in the US, Moomoo provides an advanced trading platform for investors to trade in the US, Hong Kong, and Singapore markets.
Futu SG won the “Best Payment and Solution Singapore” award from The Asset Asian Awards 2022. Moomoo SG is the first global digital brokerage offering a lifetime free commission on US stocks.
Highlights
- Free commission on US stocks
- Access to global more than 3,000 ETFs and mutual funds worldwide across 30+ exchanges
- State-of-Art technology to support trading activities on its trading platform
Contact Info
- Website:
- Phone:
- +65 6321 8888
- Address:
- 1 Raffles Quay North Towe r#39-02, Singapore 048583
- Email:
Reviews
“Excellent customer service and user-friendly trading interface”
“Confused with many features available on its website.”
4. Tiger Brokers – Best for international investors
Founded in 2014, Tiger Brokers is a global online brokerage carrying its businesses across Singapore, the US, Hong Kong, and Australia. The brokerage firm has been named the “KPMG Fintech 100” and “C.B. Insights’ List of Unicorn Companies.”
Tiger Brokers also works with DBS bank to offer a trading platform to investors.
Highlights
- Access to more financial markets like Australia besides the US, Hong Kong, and Singapore
- US fractional share services available to investors
- Specialized investing services, such as Tiger Vault, Maturity Bond, and Fund Mall
Contact Info
- Website:
- Phone:
- +65 6331 2277
- Address:
- 1 Raffles Place, One Raffles Place Tower 2, Singapore 048616
- Email:
Reviews
“Trading commissions are higher than other online brokers, and the trading is hard to navigate!”
“The system sold my orders before the expiration date.”
5. DBS Vickers Securities – Best for Investors preferring Bank Backup
DBS Vickers Securities is a leading securities and derivatives brokerage firm headquartered in Singapore, providing investment services to Thailand, Indonesia besides Singapore. The firm offers clients in-depth research and analysis with its solid bank support.
The firm won the best broker from the FinanceAsia Country Awards 2020.
Highlights
- Robust support from the DBS banking group
- Access to funds of Central Provident Fund(CPF) with DBS Vickers
- Strong research and analysis
Contact Info
- Website:
- Phone:
- +65 6327 2288
- Address:
- 12 Marina Boulevard, #10-01, Marina Financial Bay Centre Tower 3, Singapore 018982
- Email:
Reviews
“The system is not user-friendly.”
“Trading fees are costly!”
6. Syfe Trade – Best for Beginner Investors
Syfe is another successful digital investment platform in Singapore. Launched in July 2017, the online brokerage has business operations in the US, besides the local financial market.
Syfe also offers asset management services, including numerous mutual funds and ETFs. Syfe is under the license of the Monetary Authority of Singapore.
Highlights
- Factional shares can be as low as USD1.
- Besides stocks, more than 10,000 ETFs and REITs are available to investors.
- No trading fee, 0 commission, and funding requirement
Contact Info
- Website:
- Phone:
- +65 3138 1215
- Address:
- #11-01 11th Floor, The House of Eden, 4 Robinson Road, Singapore 048543
- Email:
Reviews
“I like the friendly interface. Besides, it also offers numerous mutual funds and ETFs.”
“Limited commission-free choice for investors.”
7. OCBC Securities – Best for Investors Preferring Solid Financial Support
OCBC Securities is a subsidiary of OCBC banking group with 36 years of experience. The brokerage offers comprehensive investing services, such as securities, futures, ETFs, bonds, FOREX, and warrants, across 15 exchanges worldwide.
OCBC Securities was rated as the Best Mobile Trading Platform and the Most Innovative Trading Platform by Global Banking and Finance in 2022. The firm has won the Investment Product Innovation of 2022 from Asia Banking and Finance.
Highlights
- Access to 15 financial markets worldwide
- Comprehensive product range
- Financial solid background in the banking group
Contact Info
- Website:
- Phone:
- 1800 338 8688
- Address:
- 18 Church Street, #01-00 OCBC South, Singapore 049479
Reviews
“Terrible customer service, and the broker is not responsive!”
“High commission rates”
8. Saxo Markets – Best for Diversified and Advanced Investors
Established and headquartered in Denmark in 1992, Saxo Markets is a subsidiary of Saxo Bank A/S and operates in more than 20 countries and regions. The brokerage provides the most comprehensive products and services, ranging from stocks to cryptocurrencies, to clients worldwide.
Saxo’s portfolios consist of 4 types:
- leveraged products like cryptos, CFDs, and Futures
- Investment products, such as stocks, bonds, and ETFs
- Asset management services
- Securities lending.
Highlights
- Wide range of products, including cryptocurrencies, CFDs
- The lowest commission of 0.03% for stocks and ETFs in the Singapore market
- 3 customized trading platforms for investors of different needs
Contact Info
- Website:
- Phone:
- +65 6303 7788
- Address:
- 88 Market Street, CapitaSpring #31-01, Singapore 048948
Reviews
“Straightforward to use on its interface, and the customer service is patient, responsive, and friendly.”
“Tons of investment products to choose from!”
9. Interactive Brokers – Best for International and Sophisticated Investors
Headquartered in the US since 1977, Interactive Brokers is a multinational American broker with the largest trading platform operating in the country.
Interactive Brokers offers access to more than 150 markets and a wide choice of products and services to the novel to advanced investors.
Highlights
- Over 3,000 ETFs and other investment products, like leveraged products besides stocks and bonds
- Access to more than 30 exchanges worldwide, including the US, UK, Australia, and Hong Kong besides Singapore
- A margin rate can be as low as 3.923%.
Contact Info
- Website:
- Phone:
- +65 6923 5600
- Address:
- #40-02A, Asia Square Tower 1, Marina View, Singapore 018960
Reviews
“The interface is complicated, and it takes time to learn.”
“ The margin rate is lower than other brokers.”
10. Poems by PhillipCapital – Best for Brand-name and innovative Investors
Starting from the local stock market in the late 70s, the Singapore-based Poems has become a global financial company with 45 years of experience and operations in more than 15 countries.
Poems offers products covering stocks to Robo investing services and other asset management services worldwide.
Highlights
- Like a custodian account, Poems provides CDP account processing services.
- Offer of 40,000 products and 26 worldwide exchanges
- 15 investor centers across Singapore for active interactions with clients
Contact Info
- Website:
- Phone:
- +65 6533 6001
- Address:
- 250 North Bridge Road, #06-00 Raffles City Tower, Singapore 179101
Reviews
“Poems always updates its trading system to make a better investing experience, and I’m satisfied with the trading services offered by the user interface.”
“They are responsive!”
Closing
You should first understand your investment criteria, such as risk acceptance level, investment horizon, and objectives, before choosing a brokerage firm suitable to your circumstances. The above information lets you have clear guidance.
Key takeaways:
- Webull’s 0 commission and platform fees for US investing are fit for frequent traders and low-cost-conscious investors.
- Its wide range of products and services cater to all-around investors.
- Fractional shares as low as USD5
You must admit you may have financial needs in your life adventure, like investing or a path towards your goals. A partner like 365 Credit Solutions is your ideal choice because of its speedy approval process and gets you quickly on the journey.
