In the past decade, online investment platforms have transformed the way individuals in Singapore invest their money. With the click of a button, investors now have access to global markets, diversified products, and cost-efficient trading—all from the comfort of their devices. But with a growing number of digital brokerages available, selecting the right one can be overwhelming, especially when balancing fees, features, and regulations.
In this comprehensive article, we compare the best online investment brokerages in Singapore in 2025, evaluating their platforms across critical metrics such as fees, trading tools, user interface, market access, and support. Whether you’re a novice investor or a seasoned trader, this guide will help you navigate your options and make informed decisions.
Why Choosing the Right Brokerage Matters
Your brokerage is more than just a trading portal—it is your gateway to wealth creation. A good platform enhances your trading experience with intuitive design, competitive pricing, comprehensive tools, and responsive customer service. More importantly, it ensures your investments are safe through regulatory oversight and proper security measures.
Factors to consider when comparing brokerages:
- Regulatory compliance (e.g. MAS licensing)
- Trading fees and hidden charges
- Range of financial instruments
- User experience and mobile app functionality
- Access to global markets
- Educational resources
- Customer service
Top Online Investment Brokerages in Singapore (2025)
1. Saxo Markets
Overview:
Saxo Markets is a premium brokerage catering to both retail and high-net-worth investors. It is a subsidiary of Saxo Bank, a Danish investment bank, and is licensed by the Monetary Authority of Singapore (MAS).
Key Features:
- Access to over 60,000 instruments, including stocks, ETFs, CFDs, forex, options, and futures.
- Professional-grade trading platforms: SaxoTraderGO and SaxoTraderPRO.
- Seamless multi-currency account management.
Pros:
- Exceptional research and analytical tools.
- Wide product range with international market access.
- High-quality interface and mobile app.
Cons:
- Higher minimum deposit (S$3,000).
- Slightly higher fees for lower-tier accounts.
Best For:
Seasoned investors or professionals looking for a feature-rich, global trading experience.
2. Tiger Brokers
Overview:
Tiger Brokers is a low-cost, tech-driven trading platform that has quickly gained popularity among younger investors in Singapore. Backed by Xiaomi and listed on NASDAQ, Tiger is MAS-licensed and supports fast, low-cost global trading.
Key Features:
Real-time market data with fast order execution.
US, Hong Kong, China A-shares, and Singapore stocks.
Intuitive mobile and desktop platforms.
Pros:
- Incredibly low commission rates (as low as US$0.99/trade).
- Easy account opening process.
- Attractive interface suitable for beginners.
Cons:
- Limited access to some financial products like mutual funds.
- Fewer advanced tools for technical traders.
Best For:
Budget-conscious investors and beginners seeking an affordable and modern platform.
3. Moomoo (by FUTU)
Overview:
Moomoo, operated by NASDAQ-listed FUTU Holdings and regulated by MAS, offers an engaging and highly social investing experience. Known for its gamified interface and vibrant community, it is a favourite among millennial and Gen Z investors.
Key Features:
- US, Hong Kong, and Singapore stock markets.
- Powerful charting tools and community-based insights.
- Commission-free US stock trading promotions (limited time).
Pros:
- No platform fees for basic use.
- Intuitive mobile interface and slick UX.
- Excellent community features and newsfeed.
Cons:
- Fewer international market options.
- Not suited for complex order types or advanced derivatives.
Best For:
Tech-savvy millennials looking for a fun, mobile-first investing app.
4. Interactive Brokers (IBKR)
Overview:
Interactive Brokers is a global behemoth in online trading, known for low costs and access to virtually every asset class and market. It is also one of the few that cater well to both retail and institutional investors in Singapore.
Key Features:
- Access to over 150 global markets in 33 countries.
- Very low trading fees (e.g., US$1 per trade or less).
- Sophisticated Trader Workstation (TWS) platform for technical users.
Pros:
- Incredibly broad market access.
- Best-in-class margin rates and order types.
- Strong reputation and regulatory compliance.
Cons:
- Complex interface not ideal for beginners.
- Some fees for inactivity or currency conversions.
Best For:
Experienced traders and investors with a focus on global diversification and low costs.
5. FSMOne by iFAST
Overview:
FSMOne is a Singapore-based platform that offers a comprehensive product suite including funds, stocks, bonds, and insurance products. It is regulated by MAS and operated by iFAST Corporation.
Key Features:
- Access to SGX, HKEX, US markets.
- Strong mutual fund and ETF offerings.
- Investment-linked insurance and robo-advisory options.
Pros:
- No minimum investment for funds.
- Low fees and flat commission structure.
- One-stop shop for wealth management.
Cons:
- Interface can feel outdated compared to newer fintech players.
- Fewer tools for active stock traders.
Best For:
Investors looking for a comprehensive long-term wealth management platform.
6. TD Ameritrade Singapore
Overview:
TD Ameritrade offers access to the US market and is known for its robust Thinkorswim trading platform. However, it has limited global access outside the US.
Key Features:
- Commission-free US stock trading.
- Thinkorswim platform with excellent analytical tools.
- Strong focus on educational content.
Pros:
- Excellent for US-focused investors.
- High-quality customer support.
- Great learning resources.
Cons:
- Limited to US equities and options.
- No support for Singapore or regional stocks.
Best For:
US equity traders who value education and sophisticated trading tools.
Fees and Charges Comparison
| Platform | Commission (US Stocks) | Commission (SG Stocks) | Platform Fee | Minimum Deposit |
| Saxo Markets | From US$1 | 0.08% (min S$5) | Yes | S$3,000 |
| Tiger Brokers | From US$0.99 | 0.08% (min S$2) | No | None |
| Moomoo | Often $0 (promo) | 0.03%-0.06% (min S$0.99) | No | None |
| Interactive Brokers | US$0.005/share (min US$1) | 0.08% (min S$2.50) | Yes (for inactivity) | US$0 (IBKR Lite) |
| FSMOne | Flat S$8.80 per trade | Flat S$8.80 per trade | No | None |
| TD Ameritrade | US$0 | Not available | No | US$0 |
Key Considerations for Singapore Investors
Regulatory Safeguards
Ensure the brokerage is regulated by the Monetary Authority of Singapore (MAS). This provides assurance that your funds are protected under Singapore’s strict regulatory framework.
FX and Multi-Currency Accounts
Many brokerages charge for foreign exchange conversions. Platforms like Saxo and IBKR offer multi-currency accounts to mitigate unnecessary currency losses.
Market Access
While many investors focus on the US or SGX, having access to Hong Kong, China, Europe or even ETFs across different jurisdictions (like UCITS ETFs) adds flexibility and diversification.
Research and Education
New investors benefit greatly from platforms that provide learning tools, webinars, and community insights. TD Ameritrade and Moomoo excel in this area.
Final Thoughts: Which Platform is Right for You?
There is no one-size-fits-all platform. The right brokerage depends on your investment goals, trading experience, and preferences.
- New Investors: Consider Tiger Brokers or Moomoo for low fees and easy usability.
- Active Traders: Interactive Brokers and Saxo Markets are ideal for global access and advanced tools.
- Passive/Long-Term Investors: FSMOne offers excellent fund choices and portfolio services.
- US-Only Traders: TD Ameritrade delivers an excellent experience tailored to US markets.
Ultimately, try demo accounts, read reviews, and assess your comfort with fees and platforms before fully committing. Investing is a long-term journey, and your brokerage is your co-pilot—choose wisely.
