Comparison of the best online brokerage accounts in Singapore

With some global financial benchmarks trading near all-time highs, investors in Singapore need the right tools to make smart choices and maximize this opportunity. Getting a custodial brokerage account in Singapore that lets you trade with your phone or laptop allows for an agile approach, and can often help keep the fees as low as possible. But which online brokerage is the best? This guide looks at popular options to help you pick the best online brokerage for your needs.

We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

Table of contents
What is a brokerage account? Types of brokerage accounts Choosing an online brokerage in Singapore The top online brokerage platforms DBS Vickers Interactive Brokers Syfe Trade Tiger Brokers Moomoo Saxo Markets Fund your brokerage account with Wise to save on foreign currency fees

What’s an online broker?

An online broker is a digital platform that lets you buy and sell assets like stocks, bonds, and ETFs electronically.

There are many choices for online brokers in Singapore, including local providers and global services. This allows you to pick the online broker that best suits your preferences - including the asset classes and markets you’re interested in, and the fee structure you’re most comfortable with.

This guide is for information only, and does not constitute advice. The value of investments can go down as well as up - get professional advice before you put your money at risk.

What is a brokerage account?

When you open an account with an online broker, you’re signing up for a brokerage account.

A brokerage account is an account you can use to deposit funds, which you want to use to buy assets like stocks, and it’s then where any money raised through dividends or when you sell assets is deposited. Your brokerage account is an essential part of your investment planning, allowing you to trade freely when you choose to.

Types of brokerage accounts in Singapore

Generally, you can choose from traditional bank brokers and digital platforms like those we’ve featured here.

Bank brokers may offer face-to-face services and personalised advice, which can be extremely attractive for high-net-worth investors who need more complex asset and investment planning advice.

Some banks also offer digital platforms, and there is a good selection of MAS-licensed standalone digital brokerage platforms operating in Singapore now. We’ve looked at several of these in this guide, so you can weigh up which may suit your personal investment requirements.

Aside from those we’ve featured here, there are also other options in Singapore, such as POEMS¹ online. Compare a broad range of brokerage accounts before you pick the perfect one for you.

And if you’re concerned about how to open a brokerage account in Singapore, the good news is that the process is usually very straightforward. Register online or in app, use Singpass to populate your personal information, and then follow the onscreen instructions to complete the required validation steps.

What to consider when choosing an online brokerage in Singapore

The fact that there are many different online brokers means you need to invest time in choosing the right one for you. Here are a few things to consider:

Trading fees and commission structures

Different platforms have their own approaches to fees, which can vary widely depending on your account type, how you invest, and the value of your investments. Some platforms offer commission-free trades, while others have flat-fee and tiered pricing structures. You may also pay a platform fee in some cases - this fee goes to the platform to cover the costs of their services.

Account types

Review the account types available. If you’re using a brokerage, you’ll usually find you’re offered a custodian account, where the broker holds assets on your behalf, rather than a CDP account in which assets are in your own name. Accounts may be margin accounts or cash accounts. Cash accounts allow you to trade your own money only, whereas margin accounts may let you borrow to trade, which can increase risk.

Product offerings and market access

Online brokerages will usually offer access to stocks, ETFs, options, futures, and unit trusts. Some will offer fractional shares, and other products like FX trading and REITs. It’s important to pick a platform that offers the asset class you’re interested in - and ideally, one that has a global reach to allow for diversification of assets.

Platform features

Make sure you’re happy with the UX of the platform you select, and look at the extra features that are offered, such as historical index data, analysis tools, and opinion articles to help you decide where to place your investments.

Customer service and regulatory compliance

Finally, check the provider you pick is MAS regulated, and look out for options which have a good reputation for customer service and support - just in case anything ever goes wrong with your account.

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An overview of the top online brokerage platforms

Before we look in detail at some of the top online brokerage platforms in Singapore, we’ll take a quick dive into key points. There’s more on each option right underneath to help you decide if any fit your needs:

Provider	Minimum deposit	Trading fees (US market)	Platform fees (US market)	Key features
DBS Vickers	None specified	From 0.15%²	None specified	Markets: SG, US, UK, JP, HK, CA, AU
IBKR	None specified	Tiered or flat pricing, from 0 USD/share³	No added platform fee	160+ markets, across 36 counties covered
Syfe Trade	No Minimum. Fees decline above 50K to 5M SGD AUM.	Some free trades monthly, then up to 1.49 USD/trade⁴	No added platform fee	Specialist in fractional sharesMarkets: SG, UK, US, HK.
Tiger Brokers	None specified	Prime accounts from 0.005 USD/share - Cash Boost accounts have higher fees⁵	Prime: From US$0.005/share. Cash Boost has higher fees.	Markets: SG, China, US, AU, HK.
Moomoo	None specified	No commission on US market⁶	0.99 USD/order	Securities, wealth management, margin products, and crypto
Saxo Markets	No Minimum. Fees decline above 300K to 1.5M AUM	Commission from 1 USD⁷	No listed platform fee	Demo accounts available, access 50+ global markets easily

*Details correct at time of research - 14th August 2025. Commissions and platform fees vary depending on asset and account type. Read the terms and conditions carefully.

DBS Vickers

DBS Vickers⁸ offers 3 different account types - the DBS Vickers Online Trading Account, the DBS Vickers Young Investor Account for applicants aged 18 to 20, and the DBS Multi-Currency Account. Trading accounts have no maintenance fees, and the multi-currency account offers no minimum deposit requirement⁹.

You can invest in a broad range of assets from major global markets, including Singapore, the US, Japa,n and the UK. Apply online, or get specialist help by phone if you’d prefer to talk through your requirements with an agent.

Interactive Brokers

Interactive Brokers (IBKR)¹⁰ has been in business for nearly 50 years and offers impressive market access, with 28 currencies and 36 countries covered. You can choose different account types depending on your preferred pricing, including IBKR Lite or IBKR Pro packages.

The IBKR Lite account is good for retail investors, while the Pro package offers higher interest on cash balances and lower costs on margin trades, making it more of a product for established and experienced investors.

Syfe Trade

While Syfe Trade¹¹ offers a range of products, they market their fractional share options specifically as an attractive product for new and established investors alike. There are different bank accounts that dictate some of the fees you pay for using your account. Fee reductions start as soon as you have 50,000 SGD or more invested, with the deepest discounts for people with 5 million SGD or more.

Singapore, UK, US, and Hong Kong markets are covered, with a fully digital brokerage service.

Tiger Brokers

Tiger Brokers¹² offers stocks, REITs, ETFs, options, futures, unit trusts, and funds, with options for fractional shares, and a selection of markets to pick from. Account options include the Cash Boost account, which allows for leveraged margin trading and is better for established and experienced investors.

The commissions, platform fees, and other costs associated with a Tiger Brokers account can vary. If you’re interested in buying into the Chinese market, this can be a popular pick as an online brokerage account for Singapore residents.

Moomoo

Moomoo¹³ already has over 1.5 million Singapore users and offers assets for Singapore, the US, Hong Kong, and Japan primarily. Moomoo’s app provides great financial data and tracking, and also charts other visual resources to allow you to plan and review your financial position more easily.

If you’re trading in US securities, you may find you pay no commission and only a very low platform fee, allowing you to maximize your money.

Saxo Markets

Saxo Markets¹⁴ allows you to invest in 50+ global markets, across a broad range of asset classes. Commissions are low across all product types, and there are no platform fees and no minimum investment amount. This makes Saxo a popular online brokerage for investors of different types in Singapore - whether you’re new to the market or already established in your investments.

Fund your brokerage account with Wise to save on foreign currency fees

Investing internationally often means dealing with hidden fees and poor exchange rates. This is where the Wise Account can help.

The Wise account is an easy way to hold and exchange 40+ currencies, including SGD, MYR, EUR, CNY, and more. All you need to do is create a free account to get started.

With Wise, you can exchange currencies at the mid-market rate each time, with low, transparent conversion fees from 0.26% and absolutely no markups. Plus, you can order a linked Wise card for convenient spending without any foreign transaction fees, and up to 2 free ATM withdrawals to the value of 350 SGD when you're overseas. You'll even get 8+ local account details to get paid conveniently to your Wise account in SGD and a selection of other major global currencies.

Sending money or making payments abroad? Wise also offers fast, low cost transfers to 140+ countries - you can track your transfer in your account and your recipient will also be notified when a transfer reaches them.

🚀 Get Started with Wise

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Sources used:

1. POEMS online
2. DBS Vickers pricing
3. IBKR pricing
4. Syfe Trade pricing
5. Tiger Brokers pricing
6. Moomoo pricing
7. Saxo pricing - commissions
8. DBS Vickers
9. DBS Vickers guide
10. IBKR Singapore
11. Syfe Trade
12. Tiger Brokers
13. Moomoo
14. Saxo Markets