Best trading platform in Singapore – Interactive Brokers
Interactive Brokers (IBKR) is my pick for the best stock broker for trading stocks and futures in Singapore across local and global markets. IBKR is regulated by the Monetary Authority of Singapore (MAS) and provides access to the Singapore Exchange (SGX), offering 637 stocks, 720 futures, 74 ETFs, 57 indices, 5 options on futures, 196 structured products, and 7 warrants, totaling 1,696 products. With competitive pricing of just SGD 2.50 per SGX order, IBKR is one of the most cost-effective brokers for trading stocks in Singapore.
Offering of investments: Serving traders in over 200 countries, IBKR grants access to more than 150 markets. Since 2021, IBKR has also offered cryptocurrency trading, allowing clients to trade bitcoin, ethereum, litecoin, and bitcoin cash with low commissions of 0.12% to 0.18%. IBKR also supports trading in U.S. spot gold in amounts as small as one ounce and Micro and Small futures contracts.
Trading costs: IBKR Lite offers zero-commission trades for U.S. stocks and ETFs, though it relies on payment for order flow (PFOF), which slightly impacts order execution quality. IBKR Pro, designed for professional traders, avoids PFOF and offers superior execution with tiered commissions starting at $0.0035 per share. High-volume traders can reduce costs to as low as $0.0005 per share. U.S. options contracts under IBKR Pro are similarly tiered, beginning at $0.65 per contract.
Mobile trading: IBKR offers three mobile apps tailored to different traders. IBKR Mobile is ideal for experienced traders, featuring fast streaming data, advanced charting, and comprehensive portfolio management tools. GlobalTrader caters to beginners and international stock traders, offering fractional shares and easy access to global markets. The Impact app focuses on ESG investing, allowing users to align portfolios with their personal values.
Excellent choice for trading stocks in Singapore – IG
| Company |
Overall |
Minimum Deposit |
 IG
|
 |
£250.00 |
IG is a highly trusted broker in Singapore, regulated by the Monetary Authority of Singapore (MAS), and an excellent choice in 2025 for trading stocks thanks to its exceptional platform experience and extensive stock CFD offerings.
Offering of investments: IG offers share trading via CFDs to over 13,000 stocks (including SGX shares) on its proprietary platform suite. The broker also supports trading in IPOs and offers after-hours trading on over 70 popular symbols. If you’re focused on domestic exposure, IG offers SGD-denominated index CFDs, allowing you to speculate on Singapore’s markets with a Singapore Dollar-based balance.
Trading costs: IG’s stock CFD pricing is competitive for Singapore-based traders, with spreads and commissions roughly in line with industry averages. For active traders, IG offers volume-based rebate programs that can lower costs further, although eligibility requirements are quite high. During regular trading hours, IG’s average spreads are slightly better than industry norms, making it a cost-effective choice for trading a wide range of share CFDs, even if it isn’t considered a discount broker.
Mobile trading: IG delivers high-quality mobile trading thanks to its proprietary app, which includes full-featured charting, risk management tools, and real-time pricing. The app synchronizes with IG’s desktop and web platforms, making it a strong choice if you want a consistent, on-the-go trading experience.
Head on over to my full review of IG on our sister site ForexBrokers.com to learn more about its features.
Great choice for trading on the Singapore Exchange (SGX) – Saxo
| Company |
Overall |
Minimum Deposit |
 Saxo
|
|
$0 |
Saxo is a highly-trusted multi-asset broker, regulated by the MAS. With over $100 billion in client assets, Saxo stands out for its extensive market access, advanced trading platforms, and comprehensive research offerings.
Offering of investments: Saxo provides access to a wide array of global markets, offering over 70,000 instruments across various asset classes, including stocks, ETFs, bonds, commodities, options, futures, forex, and CFDs. You can trade on 37 international exchanges, including SGX, making it an excellent choice for local and international investors interested in Singapore’s markets.
Trading costs: Saxo offers low trading costs, with a minimum of 3 SGD per trade, across its Classic, Platinum, and VIP accounts. You can avoid custody fees at Saxo if you opt into its Securities Lending program. It's important to note that Singapore residents are not charged any custody fees for SGX stocks and ETFs. SGX Level 1 market data is available for 15 SGD for streaming real-time prices, and 75 SGD for Level 2, which adds depth of book (i.e., amount available at each price).
Mobile trading: Saxo’s platforms, SaxoTraderGO and SaxoTraderPRO, offer trading experiences across devices. SaxoTraderGO is a user-friendly, web-based platform suitable for traders of all experience levels, providing advanced charting tools, real-time market data, and comprehensive research features.
For professional and high-volume traders, SaxoTraderPRO offers more advanced, customizable desktop features with multi-screen support and sophisticated trading tools. Both platforms have mobile apps that mirror the desktop experience, allowing you to manage your portfolios and execute trades on the go.
Visit my full review of Saxo on ForexBrokers.com to learn how it opens the door to Singapore and global markets.
Great choice for trading stock CFDs in Singapore - CMC Markets
| Company |
Overall |
Minimum Deposit |
 CMC Markets
|
|
$0 |
CMC Markets offers a compelling platform for Singaporean traders seeking to access a broad range of stock CFDs. Regulated by the Monetary Authority of Singapore (MAS) and listed on the London Stock Exchange (LSE: CMCX), CMC Markets combines competitive pricing, an award-winning platform, and a deep lineup of research and analysis. With nearly 12,000 tradable products available, including local SGX-listed stock CFDs, CMC Markets provides an accessible and professional-grade trading experience.
Offering of investments: CMC Markets offers access to a wide selection of global markets, including Singapore stocks via CFDs, alongside indices, forex pairs, commodities, and cryptocurrencies. Traders can access SGX-listed stocks with a minimum commission of SGD 10 or 0.1% of the trade value. U.S. share CFDs are also available during extended trading hours (4PM to 8AM Singapore time, Monday through Thursday), giving Singapore-based traders additional flexibility to access U.S. markets.
Trading costs: CMC Markets is highly competitive on pricing. For Singaporean traders, commissions on SGX stock CFDs are set at 10 SGD minimum or 0.1% of trade value, while U.S. share CFDs carry a cost of approximately two cents per share, converted to your local account currency. CMC Markets also earned top honors in our 2025 Awards for Commissions and Fees, thanks to its tight spreads and transparent pricing across its full product range.
Mobile trading: CMC Markets delivers a strong mobile trading experience through its Next Generation mobile app. The app mirrors the capabilities of the web platform, offering seamless charting, watch list management, real-time Reuters news, and in-house research from CMC’s analysts and the Opto series. In my experience, the mobile charting tools are powerful and flexible, making it easy to manage positions or conduct technical analysis while on the move.
Check out my full review of CMC Markets on our sister site ForexBrokers.com to explore its platform features, pricing, and research tools.
Best for U.S. stock trading (for accredited investors in Singapore)
Charles Schwab (NYSE: SCHW) is one of the largest financial institutions in the world, with over $8.5 trillion in client assets and 35 million customers globally. Regulated by the Monetary Authority of Singapore (MAS) and multiple Tier-1 regulators, Schwab offers a trusted, secure gateway to U.S. and international stock markets, provided you meet Singapore's accredited investor criteria. Schwab is a standout choice for Singaporeans who qualify and are seeking a sophisticated platform for building diversified portfolios.
gavelWhat is an accredited investor?
Charles Schwab accounts in Singapore are available only to accredited investors. To qualify, you must meet minimum income or asset thresholds, such as earning over SGD 300,000 annually or holding more than SGD 2 million in assets. Accreditation must be verified before account approval.
Offering of investments: Schwab provides access to a wide range of exchange-traded U.S. securities, including stocks, ETFs, and options. Accredited investors in Singapore can trade U.S. stocks with no commission and benefit from Schwab’s extensive research ecosystem, featuring reports from Morningstar and CFRA, plus exclusive access to Schwab’s in-house content. Schwab also offers the advanced thinkorswim platform, ideal for investors who want to trade derivatives, forex, or pursue more active trading strategies alongside traditional equity investing.
Trading costs: U.S. stock and ETF trades are available at zero commissions when using Schwab’s standard web and mobile platforms. For more advanced trading, thinkorswim users also enjoy commission-free stock and ETF trading, though certain derivatives and forex products may carry associated fees. Schwab’s transparent pricing and absence of account minimums make it particularly appealing for accredited investors aiming to keep overall trading costs low.
Mobile trading: Charles Schwab delivers a seamless mobile experience through two apps: Schwab Mobile for everyday trading and portfolio management, and thinkorswim Mobile for active traders. Both apps provide real-time data, customizable watchlists, advanced charting, and access to Schwab’s full suite of educational content, including Schwab Network’s live broadcasts. In my experience, Schwab’s mobile apps rank among the best for functionality and research access, making it easy to manage investments on the go.
Trusted broker with extensive stock CFD offerings in Singapore - City Index
| Company |
Overall |
Minimum Deposit |
 City Index
|
 |
£100.00 |
City Index, a trading name of StoneX Financial Pte Ltd and part of the StoneX Group (NASDAQ: SNEX), offers Singaporean traders a highly trusted and well-regulated choice for accessing global markets. Regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution and Capital Markets Services licensee, City Index combines institutional-grade security with an extensive range of tradeable products. Backed by a Fortune 100 company, City Index stands out for its powerful platform suite, quality research tools, and flexible trading options.
Offering of investments: City Index provides access to more than 15,000 markets, including over 6,000 stock CFDs, major global indices, commodities, and forex pairs. Singaporean traders can access SGX-listed stock CFDs as well as pre- and post-market trading on over 150 U.S. stocks. Traders can choose between the broker’s proprietary Web Trader platform, TradingView integration for advanced charting, or MetaTrader 4 for those who prefer algorithmic trading and custom indicators.
Trading costs: For Singapore residents, City Index charges a minimum commission of SGD 10 or 0.08% of the trade value when trading stock CFDs. Pricing across forex and CFD products is competitive with industry averages, though not as low as specialized discount brokers. Active traders may qualify for rebates or reduced margin requirements based on trading volume, though these programs primarily target professional and accredited clients.
Mobile trading: City Index’s mobile app delivers a clean and powerful trading experience, featuring TradingView-powered charting, real-time Reuters news, and integrated research modules from Trading Central. In my testing, the app’s ease of use and rich toolset put it on par with mobile leaders like IG and CMC Markets. Whether managing portfolios, conducting technical analysis, or staying informed with market commentary, City Index’s mobile experience easily supports active trading on the go.
Discover more about its wide range of investments and platforms at my review of City Index over on our sister site, ForexBrokers.com.
FAQs
How do I get started stock trading in Singapore?
To start trading stocks in Singapore, the first thing you'll need to do is open a brokerage account. You’ll want to choose one of the best stock brokers that operates within Singapore or that provides access to the Singapore stock markets, including the Singapore Exchange (SGX). I recommend choosing a broker licensed by the Monetary Authority of Singapore (MAS) to maximize your regulatory protection.
Once you’ve found a broker that fits your needs, you can follow this quick guide to start trading stocks in Singapore:
- Set up your brokerage account: Carefully fill out your account application. Make sure that you read your broker’s terms and conditions thoroughly.
- Fund your account: Deposit an amount you're comfortable risking via your preferred deposit method.
- Test the waters with paper trading: Before diving into live trading, experiment with paper trading. Paper trading allows you to familiarize yourself with the broker’s platforms and tools without risking any of your real money.
- Create an trading plan: Successful investing isn’t about winning on every trade; it’s about sticking to a coherent investment strategy that manages risk effectively. New to investing? Learn how to invest in stocks.
- Start trading: Once you're ready, choose the size of your first trade and enter the market. Whether you’re going long by buying shares or short by selling, it’s important to stay disciplined and follow your trading plan.
Do I need a CDP to trade stocks?
Depending on whether you’ll be trading cash equities (physical stocks) or stock CFDs (derivatives not available to U.S. residents), you may need to set up a CDP Securities account with the Singapore Exchange (SGX). This involves connecting your local bank account for direct crediting services, and requires a Tax Identification Number (TIN), Singaporean Bank account number, and copy of your signature.
In other words, if you are just trading CFDs on the SGX, you wont need a CDP, but if you are trading SGX products directly with your broker, the CDP account application will likely be required, and can be easily setup including using Singpass (learn more about setting up a CDP here: https://investors.sgx.com).
Which Singaporean brokerage has the lowest fees?
Interactive Brokers (IBKR) offers some of the lowest rates for trading on the Singapore Exchange (SGX), in addition to competitive pricing on its forex and CFDs offering. IBKR offers fixed pricing where you avoid exchange fees, but pay a flat fee of 2.50 SGD per order on the SGX.
Active traders: IBKR charges a minimum of 2.50 SGD (or 0.08% of trade value) per SGX order for clients trade who less than 2.5 million SGD in monthly volume as part of its base Tier 1 rates. That said, deeper discounts are available for active traders with Tier 4 pricing at just 0.90 SGD per order, or 0.02% of trade value, if you trade over 150 million SGD per month. For its spot forex trading in Singapore, Interactive Brokers offers low average spreads alongisde with low per-trade commissions, making it one of the lowest fee brokers in Singapore in 2025 (learn more about the best forex brokers in Singapore at ForexBrokers.com).
Which broker is best for a beginner in Singapore?
IG is the best choice for beginner traders in Singapore. Its intuitive platform makes it easy to navigate the markets, with smooth drag-and-drop charting tools and a clean layout. IG also offers a deep library of educational content, including articles, videos, webinars, and a standalone mobile app dedicated to learning.
Charles Schwab was ranked #1 for Beginners in our 2025 StockBrokers.com Awards thanks to its outstanding platform and education tools. However, Schwab is only available to accredited investors in Singapore, making IG the more accessible and practical choice for most new traders in the country.
What is the best stock trading app for beginners in Singapore?
Charles Schwab offers two excellent mobile apps for beginners: Schwab Mobile for everyday investing and thinkorswim for more advanced trading once you’re ready to level up. However, Schwab is only available to accredited investors in Singapore, limiting its accessibility for most new traders.
For beginners in Singapore that don't qualify as accredited investors, IG is the best choice, thanks to its easy-to-use IG Trading app. IG’s mobile platform offers smooth charting, real-time data, and access to a dedicated education app packed with webinars, videos, and articles to help you learn as you go.
How do I choose a reputable broker in Singapore?
The first step is to choose a broker regulated by the Monetary Authority of Singapore (MAS), which ensures strict compliance with financial standards and investor protections. MAS regulation helps safeguard your funds and guarantees your broker operates under some of the world's highest regulatory requirements.
Beyond regulation, compare fees, platform usability, available markets, and the quality of educational resources. In Singapore, top brokers like Interactive Brokers, IG, and Saxo combine strong MAS oversight with competitive pricing, modern platforms, and excellent research tools.
Charles Schwab
Interactive Brokers
Fidelity
E*TRADE
Merrill Edge
TradeStation
tastytrade
eToro
