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 2026 (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 2026 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.

Best Stock Trading Platforms in Singapore for 2026

Written by Steven Hatzakis
Director of Online Broker Research

Edited by John Bringans
Managing Editor

Fact-checked by Joey Shadeck
Research Analyst

June 10, 2026

Fact Checked

Steven Hatzakis
Director of Online Broker Research

Steven Hatzakis is the Global Director of Online Broker Research and Partner with Reink Media Group, parent of StockBrokers.com. He has spoken and moderated numerous forex and finance industry panels across the globe and has been in the finance industry for more than 20 years.

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Why you can trust us

Led by Jessica Inskip, Director of Investor Research, the StockBrokers.com research team collects thousands of data points across hundreds of variables. We evaluate features important to every kind of investor, including beginners, casual investors, passive investors, and active traders. We carefully track data on margin rates, trading costs, and fees to rate stock brokers across our proprietary testing categories.

Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on StockBrokers.com. Learn more about how we test.

After more than two decades testing and reviewing brokers across global markets, I've found that the right choice often comes down to local regulation and market access. For traders in Singapore, that means starting with a broker licensed by the Monetary Authority of Singapore (MAS), the country's financial regulator, which holds brokers to strict capital, conduct, and client asset protection standards.

From there, it's a matter of how you want to invest. If you're buying Singapore-listed stocks directly and want them held in your name, you'll need a broker that supports a Central Depository (CDP) account. If you'd rather trade with leverage or short the market, contracts for difference (CFDs) through a MAS-regulated broker may be the better fit. My guide below breaks down the top-rated brokers for trading on the Singapore Exchange (SGX), whichever route you choose.

Best Stock Brokers in Singapore

The review process at StockBrokers.com includes hands-on testing, robust fact-checking, and thousands of hand-collected data points; here are my picks for the best stock brokers in Singapore for 2026: