10 Best Stock Brokers Singapore (2026), Ranked by Fees & Platform

Choosing the right stock broker in Singapore is not simply a matter of finding the lowest headline commission rate. For Singapore-based investors, the architecture of share ownership matters enormously. The Central Depository (CDP), operated by the Singapore Exchange (SGX), holds SGX-listed shares directly in your name, giving you shareholder rights, dividend notifications, and annual report mail from listed companies without relying on an intermediary. Not every broker offers CDP-connected accounts; many digital brokers use custodian structures where shares are held by the broker on your behalf. This distinction shapes everything from dividend reinvestment to corporate actions eligibility.

Beyond CDP, investors need to consider MAS Capital Markets Services (CMS) licence status, a legal requirement for any broker operating in Singapore, alongside commission structures, market access (SGX, US, Hong Kong, regional), currency handling, and platform quality. This guide ranks ten brokers across all these dimensions, drawing on direct testing of each platform, published fee schedules, and regulatory records from MAS IMAS as of August 2026.

Key Takeaways

• Best overall broker for most investors is Tiger Brokers Singapore, competitive commissions, CDP integration, multi-currency accounts, and a strong mobile platform.
• CDP-connected accounts hold SGX shares directly in your name; custodian accounts do not. This matters for rights issues, scrip dividends, and corporate actions.
• Commission ranges across platforms: as low as 0.03% (min SGD 0.99) for digital brokers; 0.18–0.28% (min SGD 25) for bank-linked brokers.
• Digital brokers (Tiger, moomoo, Webull) offer cheaper rates and better platforms; bank-linked brokers (DBS Vickers, OCBC Securities, UOB Kay Hian) offer integrated banking and CDP convenience.
• US stock trading is most cost-effective with Webull (zero commission) or Tiger Brokers (USD 1.99 flat).
• SRS-eligible brokers include DBS Vickers, POEMS, OCBC Securities, and UOB Kay Hian.
• All ten brokers reviewed hold a valid MAS CMS licence for dealing in securities.

How We Ranked These Stock Brokers

Every broker on this list was evaluated against a consistent framework covering five dimensions:

Commission rates and fee structure. We captured the actual all-in cost for a SGD 10,000 SGX trade, a USD 5,000 US stock trade, and a HKD 50,000 Hong Kong stock trade where applicable. Platform fees, custody fees, inactivity fees, and currency conversion spreads were factored in alongside headline commissions.

Platform quality. We opened live accounts and tested each platform's order entry, charting tools, real-time data availability, mobile app stability, and advanced order types. Paper trading and watchlist functionality were also assessed.

CDP integration. We verified each broker's CDP sub-account linkage directly with SGX and reviewed the account opening process for CDP connection. Custodian-only brokers are clearly labelled.

Market access breadth. We confirmed which exchanges each broker provides direct access to, distinguishing between direct exchange access and market-made prices for US and HK stocks.

Regulatory standing. MAS CMS licence status, Nasdaq or SGX listing of parent companies, and any MAS enforcement actions were verified via the MAS Financial Institutions Directory.

Our Top Picks

1. Tiger Brokers Singapore: Best Overall

Tiger Brokers is operated by Tiger Fintech (NZ) Limited Singapore Branch, holding a MAS CMS licence for dealing in securities and a full SGX membership, both critical indicators of regulatory standing. The parent company, UP Fintech Holding, is listed on Nasdaq, which subjects it to US Securities and Exchange Commission reporting requirements in addition to MAS oversight. This dual-layer regulatory standing gives Tiger Brokers among the strongest compliance profiles of any digital broker operating in Singapore.

Commission rates are highly competitive: SGX stocks are charged at 0.03% with a minimum of SGD 0.99 per order. US stocks are a flat USD 1.99 per trade regardless of order size, a rate that significantly undercuts the 0.18–0.28% minimum SGD 25 structures charged by DBS Vickers and similar bank-linked brokers for equivalently sized trades. Hong Kong stocks are charged at 0.03% (min HKD 15). The multi-currency account supports SGD, USD, and HKD, allowing investors to hold foreign currency proceeds without forced conversion and thereby avoid implicit FX spread costs. CDP integration is fully operational. SGX stocks purchased through Tiger Brokers are deposited into your CDP sub-account linked at account opening, providing direct shareholder registration.

The Tiger Brokers mobile app offers real-time Level 1 market data, advanced charting with 60+ technical indicators, options chains for US stocks, and a paper trading mode for strategy testing. The web platform mirrors most mobile functionality. New account holders can use referral code YO0JS1 to earn up to USD 150 in welcome rewards. See our Tiger Brokers promo codes guide for full reward tier details. The primary limitation to note is the absence of SRS (Supplementary Retirement Scheme) account support, which means investors seeking to use SRS funds for SGX trading will need a supplementary account with a bank-linked broker.

2. moomoo (Futu Singapore): Best Platform UX

moomoo is the retail trading platform of Futu Singapore Pte. Ltd., which holds a MAS CMS licence and operates as an SGX member. Futu Holdings is listed on Nasdaq, giving it the same dual regulatory exposure as Tiger Brokers. moomoo's primary differentiation is its platform experience: it provides real-time Level 2 market data (order book depth) free of charge, a feature that most brokers charge a monthly subscription fee to access. For active traders who monitor bid-ask depth and large institutional order flow, this represents a meaningful cost saving and information advantage.

Commission rates match Tiger Brokers at 0.03% (min SGD 0.99) for SGX stocks. US stocks are charged at USD 0.0049 per share (min USD 0.99), slightly different structure from Tiger's flat rate but similarly competitive for most trade sizes. Like Tiger, moomoo offers CDP-linked accounts for SGX stocks, ensuring shares are held directly in your name. The paper trading feature is particularly well-implemented, using real market data for simulated trades, making it genuinely useful for testing strategies before committing real capital.

The moomoo app is widely regarded as the most sophisticated retail trading interface available in Singapore. It includes built-in financial statements, analyst consensus targets, short interest data, and institutional holding disclosures, all accessible from within a stock's detail page without leaving the app. The web platform offers equivalent depth. moomoo supports SGD and USD accounts with competitive FX conversion rates. The main limitation is a narrower range of tradeable markets compared to Interactive Brokers or Saxo. moomoo focuses primarily on SGX, US, and HK markets.

New account holders can use referral code J84CDGMM (or sign up via referral link) to earn welcome rewards. See our moomoo referral code guide for current reward tiers and step-by-step instructions.

3. Interactive Brokers Singapore: Best for Professional Traders

Interactive Brokers Singapore Pte. Ltd. holds a MAS CMS licence and is a wholly owned subsidiary of Interactive Brokers LLC, which is listed on Nasdaq and registered with the SEC. No other broker on this list comes close to IBKR's global market access: the platform provides direct access to 150+ exchanges across 33 countries, covering stocks, ETFs, options, futures, forex, bonds, and funds. For investors who need to trade European equities, Japanese stocks, or less-covered emerging market exchanges directly, IBKR is effectively the only retail option in Singapore.

The defining advantage for margin investors is IBKR's financing rates. Margin borrowing is charged at the IBKR Benchmark Rate plus 0.5% to 1.5% depending on loan size, consistently the lowest margin rates available to retail investors globally, often 2–4 percentage points below Singapore bank broker rates. The Trader Workstation (TWS) platform is the industry standard for professional-grade order management, offering algorithmic order routing, Options Strategy Lab, Risk Navigator portfolio stress testing, and a full suite of API access for quantitative traders. The mobile app (IBKR Mobile) has improved substantially and is now capable for most trading tasks.

CDP integration for SGX stocks is available through IBKR Singapore, though it requires manual setup during account opening and is less seamlessly integrated than with Tiger Brokers or moomoo. Commission for SGX stocks is 0.05% (min SGD 2.50) under the tiered pricing plan. The platform's complexity is its primary barrier, the account opening process, funding, and TWS configuration require more time and technical familiarity than any other platform on this list. For retail investors with straightforward SGX or US stock needs, Tiger Brokers or moomoo will serve better at lower friction.

4. DBS Vickers: Best for DBS Banking Customers

DBS Vickers Securities (Singapore) Pte Ltd holds a MAS CMS licence and operates as part of DBS Group Holdings, Singapore's largest bank by assets. For existing DBS banking customers, the integration is the primary selling point: DBS Vickers links directly into DBS iBanking and the DBS digibank app, allowing seamless fund transfers between bank account and brokerage without FAST delays or manual reconciliation. Market access covers SGX, Hong Kong, US, Malaysia, and several other exchanges through the DBS Vickers Online platform.

Commission for SGX stocks ranges from 0.18% to 0.28% (min SGD 25) depending on trading tier and membership status, substantially higher than digital brokers. However, DBS Vickers includes full CDP integration as a standard feature, and the settlement process is tightly coupled to DBS bank accounts, simplifying the overall workflow for investors who prefer to manage everything within the DBS ecosystem. SRS (Supplementary Retirement Scheme) accounts are supported, making DBS Vickers a viable option for investors directing SRS funds into SGX equities. US and HK market commissions are also higher than digital alternatives: US stocks are charged at 0.2% (min USD 10).

For DBS PayLah users and DBS Multiplier account holders, the integrated experience has practical value, particularly for less frequent traders who prioritise administrative simplicity over commission minimisation. The CDP connection is seamless and has been in place for decades. The trade-off is clear: DBS Vickers is meaningfully more expensive per trade than Tiger Brokers or moomoo, and for investors executing five or more trades per month, the commission gap compounds into a substantial annual cost difference.

5. POEMS (Phillip Securities): Best Established Full-Service Broker

Phillip Securities Pte Ltd has operated in Singapore since 1975 and holds a MAS CMS licence across the broadest product suite of any domestic broker. POEMS (Phillip Online Electronic Mart System) covers SGX stocks, CFDs, futures, options, bonds, unit trusts, FX, and US stocks within a single account, a product breadth unmatched by digital-first brokers. CDP integration is fully operational. The Share Builder Plan (SBP) provides a monthly regular savings plan (RSP) mechanism allowing investors to automate periodic purchases of SGX-listed blue chips and ETFs from as little as SGD 100 per month.

Commission for SGX stocks is 0.08% online (min SGD 10) through POEMS, which is higher than Tiger Brokers or moomoo but substantially lower than DBS Vickers or OCBC. The platform experience is older in design but functionally comprehensive, the POEMS 2.0 web platform and mobile app include portfolio analytics, research reports from Phillip Capital's research team, and access to IPO subscriptions. SRS accounts are supported, and Phillip Securities is one of the few brokers offering SRS-linked access to bonds and unit trusts in addition to equities.

POEMS is best suited to investors who want a single brokerage relationship covering equities, futures, and fixed income without maintaining multiple accounts. The product depth, particularly for Singapore-listed warrants, bonds, and structured products, is broader than any digital broker currently offers. The trade-off is that equity commissions are not the most competitive for straightforward stock trading, and the platform's interface is more dated than Tiger Brokers or moomoo.

6. OCBC Securities: Best for OCBC Bank Customers

OCBC Securities Private Limited holds a MAS CMS licence and operates as part of OCBC Bank, Singapore's second-largest domestic bank. As with DBS Vickers, the primary value proposition is integration with the parent bank's ecosystem, OCBC OneAccount holders benefit from seamless fund transfers and a unified view across banking and brokerage in the OCBC Digital app. CDP integration is standard and fully operational. OCBC Securities supports SGX, Hong Kong, US, Malaysian, and several regional markets.

Commission for SGX stocks ranges from 0.18% to 0.275% (min SGD 25), consistent with DBS Vickers and UOB Kay Hian's bank-tier pricing. The Blue Chip Investment Plan (BCIP) is a notable product: it allows investors to buy fractional shares of 39 SGX-listed blue chips and ETFs for as little as SGD 100 per month, providing dollar-cost averaging access to Straits Times Index components without paying standard equity commissions on each purchase. SRS accounts are supported for SGX stock trading and unit trust purchases.

OCBC Securities is appropriate for OCBC banking customers who prioritise administrative convenience and don't trade frequently enough for commission rates to be the dominant factor. For investors executing more than two to three trades per month or investing predominantly in US stocks, the commission gap versus Tiger Brokers, moomoo, or Webull becomes significant over a full year of activity.

7. Webull: Best for US Stock Trading

Webull Securities (Singapore) Pte. Ltd. holds a MAS CMS licence and has positioned itself as the lowest-cost option for US stock trading in Singapore. Commission on US stocks is zero. Webull earns revenue through payment for order flow and margin lending rather than per-trade commissions. Fractional share trading is available for US stocks from as little as USD 5, allowing investors to access high-priced stocks like Alphabet or NVR without committing to a full share. The Webull mobile and desktop platforms are well-designed, with real-time Level 1 and Level 2 data, extended hours trading, and a clean charting interface.

The critical limitation for Singapore investors is that Webull operates on a custodian basis for SGX stocks. It does not offer CDP-connected accounts. This means SGX shares purchased through Webull are held in Webull's nominee account rather than directly in your CDP sub-account. While this is a minor inconvenience for buy-and-hold investors focused on US equities, it is a disqualifying factor for investors who specifically require CDP-held SGX shares for corporate actions, rights subscriptions, or scrip dividend elections. Webull does not support SRS accounts.

For investors whose portfolio is primarily US-listed equities, US ETFs, S&P 500 stocks, Nasdaq technology names, Webull's zero commission structure and USD 5 fractional minimums represent a genuinely compelling offer. The platform's US market data, pre-market and after-hours order execution, and short-selling capabilities make it competitive even with Interactive Brokers for straightforward US equity strategies. The absence of CDP and SRS support simply means Webull works best as a US-focused account alongside a separate CDP-linked broker for SGX exposure.

8. UOB Kay Hian: Best for Research & Warrants

UOB Kay Hian Private Limited holds a MAS CMS licence and is Singapore's largest warrants issuer, making it the default choice for investors who actively trade structured warrants and daily leverage certificates (DLCs) listed on SGX. The firm is 82% owned by UOB Group and has operated in Singapore since 1973. CDP integration is fully operational. Commission for SGX stocks is 0.18% to 0.275% (min SGD 25), standard bank-tier pricing, with access to SGX, Hong Kong, US, Malaysia, Thailand, and several other regional exchanges.

The research offering is a genuine differentiator. UOB Kay Hian's research division produces daily SGX market commentary, company initiation reports, and sector analyses that are made available to retail account holders. For investors who rely on broker research to inform stock selection, this in-house coverage is more comprehensive than what digital brokers provide. The UTRADE online platform includes a warrants search tool with Greeks, effective gearing, and expiry date filters, functionality that Tiger Brokers and moomoo do not replicate for SGX-listed structured products. SRS accounts are supported.

UOB Kay Hian is the natural choice for SGX warrant traders and investors who value formal research coverage alongside equity trading. The commission rates are not competitive for frequent US stock traders, and the platform experience is functional but dated compared to Tiger Brokers or moomoo. For investors who primarily trade SGX equities and use structured warrants for hedging or tactical exposure, the warrants infrastructure and research access justify the commission premium.

9. FSMOne (Fundsupermart): Best for ETF & Fund Investors

FSMOne is operated by iFAST Financial Pte. Ltd., which holds a MAS CMS licence and is listed on SGX. FSMOne's core differentiation is its multi-asset capability within a single account: investors can hold SGX-listed ETFs, SGX stocks, Singapore government bonds, corporate bonds, and unit trusts (including over 1,000 fund classes from most major asset managers) simultaneously. CDP integration is available for SGX stocks. The Regular Savings Plan (RSP) allows automated monthly purchases of SGX ETFs from SGD 50 per month, which is among the lowest RSP minimums in Singapore.

Commission for SGX stocks is competitive: 0.08% (min SGD 10), lower than all bank-linked brokers. The bond access is a meaningful advantage: FSMOne offers retail access to SGD and USD corporate bond primary issues that are typically reserved for private bank clients at other institutions, with minimum investment amounts as low as USD 1,000 on some issues. SRS accounts are supported and can be used for stocks, ETFs, bonds, and unit trusts, making FSMOne one of the most versatile SRS investment platforms available.

FSMOne does not support US stock trading to the same standard as Tiger Brokers or Webull, and its market data and charting tools are less sophisticated than moomoo or Interactive Brokers. The platform's strengths are fully realised by long-term, diversified investors building multi-asset portfolios within Singapore, particularly those maximising SRS contributions across asset classes beyond equities alone.

10. Saxo Bank: Best for Multi-Asset & CFDs

Saxo Capital Markets Pte. Ltd. holds a MAS CMS licence and is a subsidiary of Saxo Bank A/S, headquartered in Denmark and supervised by the Danish Financial Supervisory Authority. Saxo provides access to over 72,000 instruments spanning stocks, ETFs, options, futures, forex, CFDs, and bonds across global exchanges, the broadest instrument universe of any broker on this list. The SaxoTraderGO web platform and SaxoTraderPRO desktop platform are among the most feature-complete retail trading environments available, with full options strategy tools, multi-leg order entry, and portfolio-level risk analytics.

SGX stock commission is 0.10% (min SGD 10) under the Classic account tier, stepping down to 0.08% for Platinum accounts. Saxo operates a custodian model for equities. Shares are not held in CDP. This is a meaningful limitation for SGX-focused investors who require CDP registration. For investors whose primary objective is multi-asset global trading, including options strategies on US equities, FX carry trades, or commodity futures, the CDP issue is secondary to Saxo's market access and platform capabilities. US stock commissions start at USD 1 per trade (min USD 1) for Classic accounts.

Saxo Bank is best suited to sophisticated retail investors and small professional trading operations who need institutional-grade tools and broad instrument access in a MAS-regulated structure. The account minimums (no strict minimum, but SGD 2,000 is the practical starting point to avoid inactivity fees) and the complexity of the platform make Saxo a poor fit for beginners or investors with straightforward SGX blue-chip portfolios.

Frequently Asked Questions

What is the difference between a CDP account and a custodian account for Singapore stocks?

A CDP (Central Depository) account is an account held directly with Singapore Exchange's Central Depository, where your SGX-listed shares are registered in your name. When you buy shares through a CDP-linked broker, the shares are deposited into your CDP sub-account, you receive dividend cheques or credit directly, shareholder letters from listed companies, and automatic eligibility for rights issues and scrip dividend elections. A custodian account holds shares in the broker's nominee name on your behalf. You still receive economic benefits (dividends, price gains), but the broker is the registered holder, and participation in corporate actions requires you to instruct the broker. For most buy-and-hold investors, the practical day-to-day difference is small, but CDP registration provides legal certainty of ownership independent of the broker's financial health.

How do I choose between a local bank broker and a digital broker?

The key variables are trading frequency, account integration needs, and whether you require SRS access. If you trade infrequently (fewer than two trades per month), maintain significant balances with DBS, OCBC, or UOB, and value simplicity of having banking and brokerage in one app, a bank-linked broker may be the right fit despite higher commissions. If you trade regularly, especially US stocks, or are cost-conscious, a digital broker like Tiger Brokers or moomoo will result in materially lower annual transaction costs. For SRS investing in equities specifically, bank-linked brokers and POEMS currently have the clearest SRS integration. Many active investors maintain both: a digital broker for regular trading and a bank-linked or POEMS account for SRS.

What are the minimum deposits to open a brokerage account in Singapore?

Most online brokers in Singapore have no mandatory minimum cash deposit to open an account, though some require a minimum trade size. Tiger Brokers, moomoo, and Webull can be opened with zero initial deposit. DBS Vickers, OCBC Securities, and UOB Kay Hian similarly have no stated minimum deposit for their standard cash-upfront accounts. Interactive Brokers requires a minimum of USD 0 for a cash account (though USD 2,000 is recommended for meaningful use). Saxo Bank has no formal minimum but recommends starting with SGD 2,000 to avoid potential inactivity considerations. SRS accounts at all brokers are subject to the CPF SRS contribution limits rather than broker-imposed minimums.

Which brokers in Singapore are SRS-eligible?

Brokers that accept SRS (Supplementary Retirement Scheme) funds for securities trading include DBS Vickers, POEMS (Phillip Securities), OCBC Securities, UOB Kay Hian, and FSMOne. These brokers can open an SRS sub-account linked to your SRS operator bank account, allowing you to direct SRS contributions into SGX stocks, ETFs, bonds, and unit trusts (product availability varies by broker). Tiger Brokers, moomoo, Webull, Interactive Brokers, and Saxo Bank do not currently support SRS accounts. If maximising SRS investments in equities is a priority, opening a supplementary account with one of the SRS-eligible brokers alongside your primary digital brokerage account is the standard approach.

Are digital brokers like Tiger Brokers and moomoo safe and regulated in Singapore?

Yes. Tiger Brokers (Tiger Fintech NZ Limited Singapore Branch) and moomoo (Futu Singapore Pte. Ltd.) both hold valid MAS Capital Markets Services licences for dealing in securities, are SGX members, and are subsidiaries of Nasdaq-listed parent companies subject to US SEC reporting requirements. MAS requires licensed brokers to maintain minimum financial requirements, hold client assets separately from their own, and comply with the Securities and Futures Act. While no brokerage is without risk, the regulatory framework governing MAS-licensed brokers is materially equivalent to that governing Singapore bank-linked brokers. Investors can verify any broker's licence status at no cost through the MAS Financial Institutions Directory at mas.gov.sg.

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