Top Online Trading Platforms in Singapore

Top Online Trading Platforms in Singapore

What are trading platforms?

A trading platform is an online software that allows traders and investors to place trades and monitor their assets through financial intermediaries. 

Online trading platforms are usually either offered free for investors or at a discounted rate with the requirement of maintaining a minimum funded amount or executing a specific number of trades within the month. 

Understanding the basics of a trading platform

Most online trading platforms come with other features such as real-time market quotes, charts and news feed. These features may vary from platform to platform. In fact, these online trading platforms may range from basic order entry screens for beginner investors to sophisticated charts and advanced trading toolkits for the serious investors.

Some online trading platforms may also be specified to certain markets, such as stocks, foreign currency or options markets.

Are these online trading platforms regulated in Singapore?

As online trading may sometimes involve a large amount of capital, it is crucial to ensure that the online trading platform that you are using is regulated and monitored by the appropriate authorities. Trading on unregulated platforms may expose you to the risk of unauthorised transactions on your accounts or fraudulent activities. 

Why is it important for me to invest via licensed online trading platforms in Singapore?

The Monetary Authority of Singapore (MAS) licenses certain online trading platforms under the Securities and Futures Act (SFA).  Most of these online trading platforms offer financial investment tools that may include shares, futures, and exchange-traded funds. Trading platforms that are licensed under MAS are required to adhere to regulatory safeguards. For instance, these licensed trading platforms need to disclose the investment products that are offered to customers. Licensed online trading platforms are also subjected to financial conduct rules in order to ensure fair dealing with customers. With these regulatory safeguards in place, it protects you as an investor, together with the monies and assets that you have invested.

Keen to embark on your investing journey? Here are some licensed online trading platforms to check out:

Saxo Markets Top Online Trading Platforms in Singapore

Trading Platform

Saxo Markets

Speciality
  • Commission rate for SGX stocks & ETFs remaining at 0.08%, the lowest rate in the market
  • Offers wide range of product portfolio across stocks, ETFs, bonds, commodities, options, futures, funds, FX, and CFDsAccess more than 19,000 stocks and 3,000 ETFs across 37 exchanges worldwide such as NYSE, NASDAQ, SGX, and more
  • Higher account tiers offer improved trading conditions such as lower prices, priority customer support, direct access to trading experts, 1 to 1 access to Saxo’s in-house strategists at SaxoStrats, and access to events and VIP network
  • Provides comprehensive research and analysis tools and a 24/5 customer service
Website https://www.home.saxo/en-sg
Address 3 Church St, #30-00 Samsung Hub, Singapore 049483
Contact ps@saxomarkets.com
Operating Hours Weekdays: 8.30am – 5.30pm

 


Tiger Brokers Top Online Trading Platforms in Singapore

Trading Platform

Tiger Brokers

Speciality
  • Offers one of the most competitive commission rates of 0.01USD / Share (minimum US$1.99 / order) on ETF trading
  • Gain access to over 3,000 global ETFs from 30+ exchanges worldwide including US, SG, HK, AU, and JP stock exchanges
  • Leverage an extensive repository of educational videos and online courses to learn how to invest in ETFs
  • Help desk assistance available 24/5 for any immediate customer service issues
Website https://www.tigerbrokers.com.sg/?_casValidated=true
Address 50 Raffles Place, Singapore Land Tower, Singapore 048623
Contact +65 6950 0591
+65 6331 2277
service@tigerbrokers.com.sg
Operating Hours Weekdays: 8.30am – 6.30pm

 


Moomoo Top Online Trading Platforms in Singapore

Trading Platform

Moomoo

Speciality
  • a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform
  • Offers the lowest entry price commission for US stocks amongst other online brokers
  • Competitive welcome offer
  • Gain access to over 3,000 global ETFs from 30+ exchanges worldwide including US, SG, HK stock exchanges
Website https://www.moomoo.com/en-sg/about
Contact 65 6439 1100

clientservice@futusg.com / support@moomoo.com

Operating Hours Weekdays: 9am-6pm

 


Standard Chartered Top Online Trading Platforms in Singapore

Trading Platform

Standard Chartered Online Trading

Speciality
  • Trade with brokerage fees from as low as 0.18% and zero custody fees. Priority clients further enjoy no minimum brokerage fees. Trade more, pay less.
  • Get access to 15 stock exchanges, across 10 markets, around the world.
  • Trade via any web-enabled device, tablet, and smart phone. Make use of our online tools to seize your investment opportunities.
  • Maximise your trading opportunities when you pledge your securities for greater purchasing power and flexibility.
  • SGD deposits are insured up to S$75K by SDIC
Website https://www.sc.com/sg/wealth/investment/online-trading/
Address View branch locations here
Contact View branch contact details here
Operating Hours View branch opening hours here

 


IG Top Online Trading Platforms in Singapore

Trading Platform

IG Singapore

Speciality
  • Free account opening
  • CFD trade spreads start from 0.6 points on key FX pairs like EUR/ USD, 1 point for CFDs on major indices like US Tech 100 and FTSE 100, and 0.3 points for CFDs on Spot Gold
  • Trade CFDs across a wide range of instruments and products such as forex, indices, cryptos, shares, commodities, knock-outs, digital 100s, ETPs, SG-denominated indices, and options
  • Trades provides exposure to over 17,000 markets worldwide
  • Access IG Markets’ trading platform on web or mobile, and access specialist and charting platforms
  • 24/5 customer service hotline and email support
Website https://www.ig.com/sg
Address 9 Battery Rd, #01-02 MYP Centre, Singapore 049910
Contact +65 6390 5133

accountopening@ig.com.sg

Operating Hours Weekends: 8am – 5.30pm

 


Ameritrade Top Online Trading Platforms in Singapore

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Trading Platform

TD Ameritrade Singapore Pte. Ltd.

Speciality
  • US$0 commission fee when trading online stock, ETFs, and options in US markets
  • US$0.70 per contract for options. No ticket charge, exercise, or assignment fee
  • US$2.41 per contract for futures and futures options. Exchange and regulatory fees apply
  • Access to trading platform, thinkorswim, for scanning, charting, and technical analysis
  • No platform fees, no data fees, no trade minimum
Website https://www.tdameritrade.com.sg/
Address 1 Temasek Ave, 15-02 Millenia Tower, Singapore 039192
Contact View contact details here
Operating Hours Weekdays: 9am – 5pm

 


Poems Top Online Trading Platforms in Singapore

Trading Platform

POEMS by PhillipCapital

Speciality
  • They have prided themselves on being Your Partner in Finance for the last 45 years
  • As the pioneer for Singapore’s online share trading, the POEMS award-winning suite of trading platforms are well-positioned to offer investors and traders alike.
Website https://www.poems.com.sg/
Address View branch locations here
Contact View branch contact details here
Operating Hours View branch opening hours here

 


OCBC Top Online Trading Platforms in Singapore

Trading Platform

OCBC Securities

Speciality
  • Leading securities and futures brokerage firm in Singapore with over 20 years of financial expertise
  • Offer global market access to over 15 securities exchanges across shares, ETFs, bonds, forex, futures and warrants
  • Earn interest rebate of 2.68% when financing Marginable Bonds (Promotion valid till 31st December 2020)
  • Provides reliable and secure online trading services through iOCBC Trading Platforms on desktop and mobile
  • Enjoy 24/5 customer service via phone call
Website https://portal.iocbc.com
Address #01, 18 Church St, 00 OCBC Centre South, Singapore 049479
Contact View contact details here
Operating Hours Weekdays: 8.30am – 5.30pm

 


UOB Top Online Trading Platforms in Singapore

Trading Platform

UOB Kay Hian

Speciality
  • Back by United Overseas Bank (UOB), one of Asia’s leading financial institutions
  • Gain access to competitive rates across a comprehensive range of investment products, including Stocks, CFDs, Leveraged FX, Unit Trust
  • Get trading tips from experts through regular seminars and UTRADE’s dedicated trading assistance
  • Trade conveniently through UTRADE’s user friendly platforms on tablet, desktop and mobile
  • The below fees (excl. CFD Commission Fees) refer to the UTRADE Edge Account. For other accounts, please refer to UOB Kay Hian.
Website https://www.uobkayhian.com/
Address 8 Anthony Road #01-01, Singapore 229957
Contact (65) 6535 6868

contact@utrade.com.sg

Operating Hours Weekdays: 8.30am – 5.30pm

 


DBS Top Online Trading Platforms in Singapore

Trading Platform

DBS Vickers

Speciality
  • Backed by DBS, one of the safest and largest financial groups in Asia
  • Zero brokerage fees for first 5 DBS Vickers online trades
  • Complimentary access to real time stock prices, comprehensive research reports and diverse online investment tools
  • Trade with Central Provident Fund (CPF)
  • Zero account maintenance fee
  • Trade conveniently online though DBS Vickers Online Trading Platform and DBS mTrading Mobile Application or by phone call
Website https://www.dbsvonline.com/
Address 12 Marina Boulevard, #10-01, Marina Bay Financial Centre Tower 3
Contact 65 6327 2288

 


City Index Top Online Trading Platforms in Singapore

Trading Platform

City Index

Speciality
  • Only trades CFDs (contract for differences) on indices, shares, Forex, commodities, and metals
  • Gain access to over 4,500 global shares, 17 global indices, 84 FX pairs and 26 global commodities
  • Commission free for all CFDs except shares
Website https://www.cityindex.com.sg/
Address 168 Robinson Rd, # 20-01 Capital Tower, Singapore 068912
Contact 65 6826 9988
Operating Hours Weekdays: 9am – 6pm

 


CGS Top Online Trading Platforms in Singapore

Trading Platform

CGS-CIMB Securities

Speciality
  • Leading provider of choice for institutional and retail clients.
  • Enjoy lower cash outlays for retailers when purchasing CFD Bonds, in contract denomination of 50K notional.
  • Intuitive and interactive investment brokerage platforms that offers best in class trading experience on desktop, mobile and tablet.
  • Complimentary access to exclusive trading tools: iScreener, iFilter, Stock Filter.
  • Unrivalled expertise in Asia, with over 70 market analysts and 800 stocks covered in the region.
  • Enjoy dedicated service.
Website https://www.itradecimb.com.sg/app/home.z
Address 50 Raffles Place, #01-01 Singapore Land Tower, Singapore 048623
Contact View contact details here
Operating Hours Weekdays: 8.30am – 6pm

 


CMC Top Online Trading Platforms in Singapore

Trading Platform

CMC Markets Singapore

Speciality
  • Exclusively CFD only broker
  • Instant access to over 9,000 CFD markets to trade across forex, indices, commodities, shares, treasuries and cryptocurrencies
  • Award-wining analysis whith comprehensive tools and features allows seemless market overview
  • Trade with convenience with mobile trading applications
  • Extraordinary technology allowing instant trade and enhanced order mangement
  • An intensive library of resources to sharpen your trading skills
Website https://www.cmcmarkets.com/en-sg/login
Address 9 Raffles Place, #30-02 Republic Plaza Tower I, 048619
Contact 1800 559 6000
Operating Hours Weekdays: 9am – 7pm

 

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FSM Top Online Trading Platforms in Singapore

Trading Platform

 FSMOne Fundsupermart

Speciality
  • Fundsupermart.com (“FSM”) is the Business-to-Consumer (B2C) division of iFAST Financial Pte Ltd
  • FSM provides a comprehensive range of investment products and services, with over 1,600 funds and over 900 bonds, including retail bonds and Singapore Government Securities, FSM Managed Portfolios (MAPS), Singapore, Hong Kong, US-listed stocks and Exchange Traded Funds (ETFs)
  • FSMOne.com also has research articles and multiple tools on its website and mobile application that can help investors zoom in on investment ideas.
Website https://secure.fundsupermart.com/fsm/home
Address 10, #26-01 Collyer Quay, Ocean Financial Centre, 049315
Contact clienthelp@fundsupermart.com
Operating Hours

8:30am to 10:30pm, (Mondays to Fridays except PH) and
8:30am to 12:30pm, (Saturdays except PH)

 


Interactive Brokers Top Online Trading Platforms in Singapore

Trading Platform

Interactive Brokers

Speciality
  • Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds.
  • Invest globally in stocks, options, futures, currencies, bonds and funds from a single integrated account.
  • IBKR’s powerful suite of technology helps clients to optimize their trading speed and efficiency and perform sophisticated portfolio analysis.
Website https://www.interactivebrokers.com/en/home.php
Address 8 Marina View, #40-02A Asia Square Tower 1, Singapore 018960
Contact Contact details here

 


Lim & Tan Top Online Trading Platforms in Singapore

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Trading Platform

Lim & Tan Securities

Speciality
  • Lim & Tan Securities was established in 1973. Its main activity is stock broking and the main focus of the company is the retail market.
  • Believing in providing cutting-edge technology to its clients, Lim & Tan Securities was amongst the first to introduce Internet Share Trading in Singapore in October 1998.
  •  Lim & Tan Securities offers a unique web chart where clients can view up to 10 years of data, set and receive real time alerts and signals.
  • It also allows clients to select counters to compare using Performance Chart and to insert trade comments for subsequent reference
Website http://www.limtan.com.sg/
Address 16 Collyer Quay, #15-00 Income At Raffles, Singapore 049318
Contact View contact details here
Operating Hours Weekdays: 8.30 a.m. to 5.45 p.m.

 


Maybank Top Online Trading Platforms in Singapore

Trading Platform

Maybank Kim Eng

Speciality
  • Maybank Kim Eng Singapore (previously known as Kim Eng Holdings) was the first stockbroker to be listed on the Singapore Exchange in 1990.
  • Maybank Kim Eng Securities is a fully-owned investment banking arm of Maybank; one of Asia’s leading banking groups and Southeast Asia’s fourth largest bank by assets.
  • Their leading service standards, advanced trading tools, and comprehensive resources have helped make them a leader in the industry
Website https://www.maybank-ke.com.sg/
Address 50 North Canal Rd, Singapore 059304
Contact helpdesk@maybank-ke.com.sg

+65 6432 1888

Operating Hours Weekdays: 9:30pm to 4:00am

 


Prosperus Top Online Trading Platforms in Singapore

Trading Platform

ProsperUs

Speciality
  • ProsperUs is a digital investment service that allows you to gain access to multiple asset classes across global markets.
  • With just one account, it allows customers to can invest anywhere around the globe and the clock
  • They offer curated investment insights & financial education
Website https://www.prosperus.asia/
Contact hello@prosperus.asia

 


Plus 500 Top Online Trading Platforms in Singapore

Trading Platform

Plus500

Speciality
  • A global fintech firm providing online trading services in contracts for difference, in more than 2,500 financial instruments.
  • Plus500SG is licensed and regulated by the Monetary Authority of Singapore
  • The platform offers FREE real time quotes and dedicated round-the-clock customer support.
Website https://www.plus500.com.sg/
Contact View contact support here

 


RHB Top Online Trading Platforms in Singapore

Trading Platform

RHB Securities

Speciality
  • RHB Securities Singapore is a member of the Singapore Exchange Limited and commands a strong presence among retail investors, institutional investors and corporates around the region who have relied on RHB Securities for their financial needs.
  • Empowered with a comprehensive regional network of the RHB Banking Group, RHB Securities Singapore provides a wide suite of financial products and services ranging from Equities, Futures, Research, Margin Financing, Corporate Finance, Debt Capital Markets and Equity Capital Markets.
Website http://www.rhbinvest.com.sg/
Address 10 Collyer Quay, #09-08 Ocean Financial Centre, Singapore 049315
Contact 65 6533 1818
Operating Hours Weekdays: 8.30am – 6pm

What are some of the key considerations when picking an online trading platform?

It is important to bear in mind that not all online trading platforms offer the same features. Here are some key considerations to bear in mind when you are selecting your trading platform.

Fees

Ideally, the lower the fees the better. When buying and selling stocks or assets, there are three main types of fees incurred: clearing fee, trading fee, and commission fee.

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The clearing fee and trading fee is imposed by the Central Depository (CDP) and Singapore Exchange (SGX) respectively. Commission fee, on the other hand, is imposed by the individual trading platforms when transactions are made. Trading fees are also dependent on the trade value as well as whether you trade on an overseas market.

Funds deposit and withdrawal

If you are looking to invest as part of your passive income, then it becomes important to know the ease of moving funds in and out of your trading account. If the trading platform offers a linkage to your regular savings account, it may be easier to leave your funds in the linked account to facilitate quick funds transfers should you decide to execute a transaction.

Demo platform

Most professional trading platforms may offer a demo for potential customers. This would be a good opportunity for you to understand the features that the trading platform offers. This is crucial in helping you narrow down your options and decide whether a particular trading platform is able to meet your investment needs.

Interface

A good trading platform should have a user-friendly and easy-to-navigate interface. The difference between the trading platform interface on web and mobile may play a key role in determining the overall user experience as well.

Does the trading platform interface meet your requirements? Are you able to access your transactions and market insights easily? At times, you may end up developing a preference for a particular trading platform simply because of its visually appealing interface.

Functionalities

It is crucial to compare the functionalities of the various trading platforms and whether it is suitable for your investment needs. Are you able to create and view various charts simultaneously? Does the trading platform allow you to create certain trade alerts or scheduling automatic trade executions? These functionalities may be important if you are an active trader that requires detailed insights and analysis.

Investment insights

Some trading platforms offer investment insights as a value-added service.This may include access to live markets, access to market analysis and breaking news, and articles on investment opportunities. A trading platform that can provide you with periodic market updates may be helpful when you need to boost your investment knowledge.

Availability of financial instruments 

The type of product or asset that you want to invest in should be a key consideration when selecting your trading platform. Are you looking to invest in stocks, options, for exchange-traded funds? Or perhaps thinking of trying your hand at commodities or futures? Bear in mind that not all trading platforms offer all trading products.

Market access

Not all online trading platforms provide you with access to all financial markets globally. In addition to SGX, most trading platforms in Singapore may allow you to invest in other financial markets such as Hong Kong Exchange (HKEX), New York Stock Exchange (NYSE) and NASDAQ. If you wish to invest in other markets such as London (LSE) or Japan (TSE), then you will need to do your research and ensure that the trading platform you go with provides you with that market access.

Customer Service

If you are a new investor, you may need to get in touch with a service staff quickly. Customer service then becomes an important factor when deciding your trading platform. Is there a dedicated person that you can speak to if you require assistance? Does that website have an online chat function that allows you to state your queries? Is the FAQ section comprehensive and covers basic situations which you foresee you may encounter? While these may not necessarily make or break your decision, it is important to be aware of the extent of help you can get when you need it.


Editor’s Note:

While every precaution has been made to ensure the accuracy and fairness of this listing, we acknowledge that they may be inaccuracies. Therefore, we urge you to contact the service provider above for the correct information and/or contact us with the correct information.

If you are a service provider and wish to be featured in this listing (MediaOne reviews are read by hundreds of thousands of Singaporeans), please contact us at enquiry@mm.com.sg. There is no charge! Please allow us up to 3 working days to review before adjusting the information or including your entry.

Author Bio

Tom Koh is widely recognised as a leading SEO consultant in Asia who has worked to transform the online visibility of the leading organisations such as SingTel, Capitaland, Maybank, P&G, WWF, etc. Recently he was instrumental in consulting for a New York-based US$30B fund in an US$4Bn acquisition. Tom is a Computational Science graduate of the National University of Singapore. In his free time he performs pro-bono community work and traveling.
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