Top Stock Brokers in Singapore

Top Stock Brokers in Singapore

What Are Stock Brokers?

Stock brokers are usually known as the middlemen in a brokerage firm who handle transactions for retail and institutions customers. They are often paid on a basis of basic commission, which is a percentage of the customer’s purchase or sale price from a flat fee transaction or a mixture of both. Stocks are usually bought and sold through local and global stock markets. A stock broker is hired to execute a trade on behalf of a company or individual. In another word, a stock broker is an individual or a company that conducts an important intermediary role between buyers and sellers of stocks. The stock broker may also be known as a registered representative, investment adviser or intermediary broker.

In the advanced age of online trading, there is less demand for human stockbrokers. However, even though there is many online mediums, human brokers are more preferred in handling trades, especially for large investment institutions. There are still many instances and scenarios in which an investor wants to work physically with a broker to conduct a stock trade. For instance, they might want the sales to be executed at a specific price, or have multiple transactions to be executed in a specific order that only humans can manage.

Stock brokers are well-versed in the investment markets and can provide professional advice on the best times to buy and sell stocks. It is their responsibility to help clients to find the best prices possible. As mentioned earlier, a commission is given to the stock brokers in exchange for executing the trade and offering advice. 

Responsibilities of Stock Brokers

The roles and responsibilities of stock brokers can range from basic guidance to making investment decisions for customers or companies. The detailed list of their job scopes is as followed:

1. Offer guidance and advice

The greatest responsibility of a full-service stock broker is the personal attention that they offer to their prospects. By providing as many guidances and advices as possible, you can disclose many important information about your finances and financial goals. The stock broker is there to make good recommendations about stocks and funds that are suitable for you.

2. Provide important research details

Full-service stock brokers can give you details about their investment research. This can give you in-depth information and analysis about a particular potential company.

3. Help you achieve your investment objectives

A good stock broker will get to know you and your investment goals. This provides him/her with good insights about your ultimate goals, so that you can receive good advice and answers to your questions about specific investments and strategies. This can help you to successfully accomplish your wealth-building goals.

4. Make investment decisions on your behalf

Many investors are not interested in making investment decisions. However, full-service stock brokers are the ones who can actually make decisions on your behalf with legitimate authorisation. Besides providing such important services, they can also explain about the best choices to you (based on their experiences).

Top Stock Brokers

To help you understand more about the industry, we have provided a comprehensive list of top stock brokers in Singapore. The list is filtered through areas such as stock brokerage fees, ownership of stocks, availability of local and international trading.

Best Online Trading Platforms in Singapore 2021

As multiple trading platforms are available, choosing a suitable online broker could be confusing, disorienting. Here are juxtapositions of best performing trading platforms in Singapore contingent on a spectrum of considerations, such as commission charges, global market entry and exchange fees.

In Singapore, one may find 13 major brokerages that one may utilize to trade stocks. Many are helmed by established financial institutions such as DBS, Citi and Standard Chartered, although some are not affiliated. Every existing brokerage charges a minimum commission per trade, that escalates as the volume of trade swells. Brokers’ fees total S$25-S$28 lowest charge for each transaction. As an example, the typical commission fee for trading below $50,000 is 0.21%. Although, the typical commission fee drops to 0.17% if one is trading sums between S$50,000-S$100,000 and 0.15% were your transaction sums in excess of S$100,000.

Top Stock Brokers in Singapore

CGSCIMB Top Stock Brokers in Singapore

Stock Broker

CSG-CIMB Securities 

Speciality

CGS-CIMB remains as the financial provider of choice for over 2,600 institutional clients and 400,000 retail clients. Due to their strong presence in Asia and key markets around the world, investors can take comfort in knowing that the diverse range of products offered by us come packaged with the relevant information and analysis, breaking down complex market data with trusted opinions and research.

Pricing

Click here to enquire 

Website

https://www.cgs-cimb.com.sg/en/home

Address

50 Raffles Place, Singapore 048623

Telephone

6538 9889
Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 8:30am–6pm

 


DBS Top Stock Brokers in Singapore

Stock Broker

DBS Vickers

Speciality

At DBS Vickers, they value their clients and place a high emphasis on delivering quality service that counts. DBS Vickers Online offers you access to key global stock markets, along with comprehensive range of investment products, from equities to fixed income.

Pricing

Click here to enquire 

Website

https://www.dbs.com.sg/vickers/en/our-locations.page

Address

12 Marina Boulevard, #10-01, Marina Bay Financial Centre Tower 3, Singapore 018982

Telephone 

6327 2288

Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 8:30am–4:30pm

Review 1

“Not bad. “- 张衍坤

Review 2

“Processed my application efficiently. Good discounts.” – Tan Zi Liang

Review 3

“Helpful staff and impressive office.” – Charles Poiron

 


KGI Top Stock Brokers in Singapore

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Stock Broker

KGI Securities

Speciality

KGI Securities, a wholly owned subsidiary of China Development Financial (CDF), is a market leader in a broad range of areas, including brokerage, investment banking, fixed income, proprietary trading, wealth management, and a variety of derivatives products. KGI Securities combines domestic investment businesses, including KGI Futures, KGI Securities Investment Trust, KGI Securities Investment Advisory, KGI Insurance Brokers, and KGI Venture Capital to provide clients with a full range of financial products for investment, as well as wealth management services and assistance with fundraising in domestic and foreign capital markets.

Pricing

Click here to enquire 

Website

http://www.kgieworld.sg
Address

4 Shenton Way, #13-01 SGX Centre, Singapore 068807

Telephone

6202 1188

Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 9am–6pm

Review 1

“Well done with Eagle Hospitality Trust, onwards to EC world REIT, support China!” – 鄭明耀

Review 2

“Professional and trusted broker with good service.” – Trading machine

Review 3

Positive: Professionalism, Quality, Responsiveness. – Christina Chua

 


Lim Tan Top Stock Brokers in Singapore

Stock Broker

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.

In line with its belief in providing a fast and convenient way for clients to trade shares Online, multiple channels are provided for clients to access its easy-to-navigate Online trading platform to check prices and trade. This includes the Mobile trading channel using mobile phones, where clients can view streaming live prices, which was added in June 2008. Subsequently in 2011 and early 2012, it introduced iPhone, Android and iPad Apps for more convenient on-the-go trading under its Online trading brand name, limtan.com.sg.

Pricing

Click here to enquire 

Website

http://www.limtan.com.sg
Address

16 Collyer Quay, #15-00 Income At Raffles, Singapore 049318

Telephone

6533 0595

Review 1

Responsive and dependable. – Adele

Review 2

Cheapest online rates among the local brokers. – Alex c

Review 3

Positive: 5 stars. – Betty Gooi

 


Maybank Top Stock Brokers in Singapore

Stock Broker

Maybank Kim Eng

Speciality

Maybank Kim Eng Securities is an award-winning stocks and derivatives brokerage firm with over 40 years of experience in Asia. Maybank Kim Eng Securities Pte Ltd is a corporate finance advisory and stock brokerage firm in Singapore with one Investor Centre and two Customer Service Centres. They are a wholly-owned subsidiary of Maybank Kim Eng Holdings Limited.

Pricing

Click here to enquire 

Website

https://www.maybank-ke.com.sg

Address

50 N Canal Rd, Singapore 059304

Telephone

6432 1888

Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 10am–4pm

Review 1

Maybank, a leading bank in Singapore offers a wide spectrum of investment, corporate & personal banking services, credit cards, deposits, loans & much more. – Kathir Kathiravan

Review 2

Providing financial education. – Jason Ang

Review 3

Positive: 5 stars. – Tony Lo

 


Poems Top Stock Brokers in Singapore

Stock Broker

Philips Securities

Speciality

Phillip Securities Pte. Ltd. operates as a privately held stock brokerage firm. The Company provides financial services to it clients including margin financing. PhillipCapital provides a wide range of services to cater to your company’s needs from financing, investments, IT solutions to real estate.

Pricing

Click here to enquire 

Website

https://www.poems.com.sg
Address

250 North Bridge Rd #06-00 Raffles City Tower, 179101

Telephone

6531 1555

Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 9am–6pm

Review 1

I have visited the Phillip Secs at Raffles City to open a cash plus account using online platform which I found that is very fast and helpful. I have been served by Karen who is patience and detailed in explanation in the process of account opening and other investment products which offer by the company. Thank you so much for your help, Karen. – Charmaine Lee

Review 2

Dear Philip Capital

I wish to compliment a good experience with Jason Lim. I had many many problems trying to transact online despite some guidance from other branches. Jason is the only one that is able to help completely and he is very very prompt in checking and calling me back to inform or update me.

Being in sales and service line for more than 2 decades, I was pleasantly surprised that his level of service delivery is top notch. He is very good and he can deliver , apart from his sound professional knowledge.

I will strongly recommend him to people who is looking to invest to look for none other than Jason Lim from Raffles City. – Puppy lover 473

Review 3

Came down to get help. Staff was very helpful and patient in explaining how to buy shares. Also learnt about some tools like free live price now for foreign markets and to get their research reports. Thank you! – Tan Y

 


OCBC Top Stock Brokers in Singapore

Stock Broker

OCBC Securities

Speciality

At the most basic level, OCBC Securities is a brokerage that enables you to trade certain types of securities and equities like stocks. OCBC Securities Private Limited operates as a brokerage firm. The Company provides securities, derivatives, and leveraged foreign exchange trading services. 

Pricing

Click here to enquire 

Website

https://portal.iocbc.com

Address

#01, 18 Church St, 00 OCBC Centre South, Singapore 049479

Telephone

6338 8688

Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 8:30am–5:30pm

Review 1

One of the main brokerage firm in Singapore. – Ivan Lam

Review 2

Positive: 5 stars. – Richard and Lena Cheok

 


RHB Top Stock Brokers in Singapore

Stock Broker

RHB Securities

Speciality

At RHB Securities Singapore Pte. Ltd., they are empowered with a comprehensive global financial network from the ownership. They provide clients with the highest level of personal service and support, and a wide suite of financial products and services. At RHBInvest, they are committed to maintain a high level of proficiency, competency and reliability in all that they do to achieve high standards of performance. 

Pricing

Click here to enquire 

Website

https://rhbgroup.com.sg
Address

10 Collyer Quay, #09-08 Ocean Financial Centre, Singapore 049315

Telephone

6533 1818

Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 8:30am–6pm

 


UOB Top Stock Brokers in Singapore

engaging the top social media agency in singapore

Stock Broker

UOB Kay Hian

Speciality

UOB Kay Hian Private Limited operates as a brokerage company. The Company offers trading, research, ETFs, funds, investment strategies, financial planning, brokerage services etc. Backed by the UOB Group, UOB Kay Hian is one of Asia’s largest brokerage firms . Headquartered in Singapore, they are supported by more than 80 branches. 

Pricing

Click here to enquire 

Website

https://www.utrade.com.sg/home/index.jsp

Address

8 Anthony Rd, #01-01, Singapore 229957

Telephone

6536 9338

Operating Hours

Sunday-Saturday: Closed

Monday-Friday: 8:30am–5:30pm

Review 1

Awesome and fast response to answer my noob question. Thumb up dude Mr. Terence Lim. – Michael See

Review 2

Terence is very patient towards a newbie and he is willing to share his views and knowledge with me. – Christina Tong

Review 3

My husband and myself are very new to the stock exchange market. Having a close friend whom introduces a good trading representative, Terence Lim to us was an excellent choice! Terence gives very good guidance and advices patiently!! His responses are very prompt too! Keep it up, Terence. – Jacqueline Lim

 


Citibank Top Stock Brokers in Singapore

Stock Broker

Citibank 

Speciality

Citibank brokerage account provides you access to trade in stocks in international markets like US, Hong Kong and Singapore. Individuals can trade at low commission rates and benefit from a suite of features designed to meet your trading goals.

Pricing

Click here to enquire 

Website

https://www.citibank.com.sg/portal/bluehome/index.htm
Address

Depends on outlet

Operating Hours

Depends on outlet

Review 1

Great customer service!
Went there around 12 in the afternoon & was done within 20 minutes.
Very efficient!! – Seah Eu may

Review 2

Nice. – Surendra Sahu

Review 3

Positive: 5 stars. – Kanagaraj Velusamy

 


FSM One Top Stock Brokers in Singapore

Stock Broker

FSMOne.com

Speciality

Since the company was founded in the year 2000, it has been their mission to help you find profitable ideas.

That’s why they have over 20 analysts, portfolio managers and content writers in our offices across Singapore, China, Hong Kong, Malaysia and India, constantly looking for ideas that would make you money.

With one account with them, you can profit from these ideas with

  • global unit trusts and mutual funds;
  • local and global bonds;
  • Singapore, Hong Kong and U.S. stocks;
  • Managed Portfolio services; and
  • insurance products.
Pricing

Click here to enquire 

Website

https://secure.fundsupermart.com/fsm/new-to-fsm/about-fundsupermart
Address

10, #26-01 Collyer Quay, Ocean Financial Centre, 049315

Telephone

6557 2853

Operating Hours

Saturday – Sunday: Closed

Monday – Friday: 8:30am–5:30pm

Review 1

Very good customer service and one of the best brokers around. Really good experience with them. – Reuben Jonaspretzels

Review 2

I have RSP with FSM for almost 10years. Opening new account, withdrawal and communication is all good. There are many useful reviews, analysis and recommendations that a new subscriber will find useful. My money grows with them, so far I am happy! – James Escanuela

Review 3

I’ve been using their service for about 2 years.

FAST transfer from UOB is really fast. It took less than 10 seconds…
Withdraw also is quite fast but I actually don’t know how fast it is because I withdrew on weekend.

Their Unit Trust’s platform is very simple and easy to use. You can seek for your favorite fund from about 1,500 kind, from super low risk one to super high risk one. You can even connect your CPF account to their account. But unfortunately I don’t have CPF account…

One most important thing is that they waive the sales charge of Unit Trusts. Actually that’s the reason why I opened the account.

Profit / Loss will be automatically calculated but it’s not accurate enough. To avoid confusion you should remember how much you put your money in. For now this is only thing I’m not happy with. – Shinji Nozaki

 


SAXO Top Stock Brokers in Singapore

Stock Broker

Saxo Capital Markets

Speciality

Saxo Capital Markets Pte Ltd (‘Saxo Markets’) is a company authorised and regulated by the Monetary Authority of Singapore. Saxo Capital Markets Pte Ltd (“Saxo Markets”) is a licensed subsidiary of Saxo Bank A/S, an online trading and investment specialist that empowers you to invest across global financial markets.

Pricing

Click here to enquire 

Website

https://www.home.saxo/en-sg
Address

3 Church St, #30-00 Samsung Hub, Singapore 049483

Operating Hours

Saturday – Sunday: Closed

Monday – Friday: 8:30am–5:30pm

Review 1

Recommended broker. – хафид заини

Review 2

The app version is pretty easy to use for a newbie like myself, and I received alerts on my mobile when there are research articles on market situations.

For someone who needs a prompt whenever there is an update this is really great. – Anthony Chong

Review 3

Used MyInfo to apply for an account, quite easy and quick and also got approval after a week. Platform is user friendly especially for beginner and looks like a lot of instruments to choose from. – Hilda Lee

 


Standard Chartered Top Stock Brokers in Singapore

Stock Broker

Standard Chartered

Speciality

Standard Chartered Singapore offer banking solutions, such as credit cards, loans, deposits, mortgages, investments, brokerage service and insurance for you or your business. They also offer international banking services, working across some of the world’s most dynamic markets including Asia, Africa and the Middle East.
Pricing

Click here to enquire 

Website

https://www.sc.com/en/
Address

Depends on outlet

Telephone

Depends on outlet

Operating Hours

Depends on outlet

Review 1

Very friendly staff. – Rizuan Mohd

Review 2

Positive: 5 stars. – Kumar Dhina

 


Tiger Brokers Top Stock Brokers in Singapore

Stock Broker

Tiger Brokers

Speciality

Founded in 2014, Tiger Brokers (NASDAQ:TIGR) is a leading online stock brokerage backed by Interactive Brokers, Xiaomi, and Wall Street investor Jim Rogers. Investors may use Tiger Brokers’ proprietary fintech platform to allocate their assets globally across multiple countries, exchanges, and currencies. Tiger Brokers offers some of the most competitive commissions in the industry.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. 

Pricing

Click here to enquire 

Website

https://www.tigerbrokers.com.sg
Address

50 Raffles Place, Singapore Land Tower, Singapore 048623

Telephone

6950 0591

Operating Hours

Saturday – Sunday: Closed

Monday – Friday: 8:30am–6:30pm

Review 1

Generally satisfactory. Minimal cost to trade SGX as well as US, HK investment product and always got promotions + gifts giveaway. Surprisingly no fee charged for deposit and withdrawal via FAST. One thing needs to be improved: add SGX bonds and DLCs please! They say it will be launched soon but date not specified yet. – Daisy View

Review 2

Tiger brokers is a new broker in singapore, the platform is easy to use and the commission is very low. very worth to try. – jj ww

Review 3

The places were easy to find, and the service is very good. – mengfei cheng

 


Interactive brokers Top Stock Brokers in Singapore

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Stock Broker

Interactive Brokers

Speciality

Interactive Brokers LLC is a U.S.-based brokerage firm. It operates the largest electronic trading platform in the U.S. by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. Interactive Brokers is soon established in Singapore to serve traders and wealth managers in rapidly growing financial hub.

Pricing

Click here to enquire 

Website

https://www.interactivebrokers.com/en/home.php
Address 8 Marina View, #40-02A Asia Square Tower 1, Singapore 018960

Review 1

Positive: 5 stars. – Vincent Tham

 


Syfe Top Stock Brokers in Singapore

Stock Broker

Syfe

Speciality

Syfe is a digital wealth manager that helps you invest your money intelligent portfolios. We combine leading investment strategies with cutting-edge technology and good financial services. Syfe is a digital wealth manager licensed by the Monetary Authority of Singapore (“MAS”) under a Capital Markets Services (“CMS”) License. 

Pricing

Click here to enquire 

Website

www.syfe.com
Address

10th Floor, 5 Shenton Way, UIC Building, 068808

Telephone

3138 1215

Operating Hours

24/7 daily

Review 1

I have been using this platform for investments for the past month as I had been looking around for a platform to put my savings to work and is also relatively new to investing. One of the attractive portfolios which got my attention is the REIT+ portfolio, which also has an additional risk management option by adding bonds alongside your REIT holdings.

I am having an optimistic outlook with regards to REITs as businesses are slowly opening up after the disastrous few months from COVID-19.

Syfe’s interface is pretty straightforward and depositing cash into your portfolio is very easy. One issue that I wish that Syfe can improve is the ability to also see historical performance charts for shares in 5y, 2y, 1y, 6mth time spans. Overall, I highly recommend Syfe for any budding investor.

My referral code is SRPTGYBTA and this gives you a $10 bonus when you invest over $500 for any portfolios. $50 bonus for the first deposit above $10,000. $100 bonus for the first deposit above $20,000. The bonuses will be more than adequate to offset the management fees (which is already considered quite low from the start). Happy investing! – Andy Low

Review 2

I have tried others Robo-Advisors, and I quite like Syfe. It’s simple, fast, professional, and fees are really attractive. The application and the website are good but there is room for improvements. Would be great to have a « Green » portfolio to invest in sustainable business, but this is personal. I will definitely recommend Syfe. Congratulations for your great work and keep it up. – Kevin Kyou

Review 3

Returns so far so good. Web interface could be more informative. Looking forward to the mobile app being launched. – blur panda

 


Ministry of Investment Top Stock Brokers in Singapore

Stock Broker

Ministry of Investments

Speciality

Ministry of Investments is the one-stop solution for all your financial needs. They provide all sorts of services such as purchases of stocks, bonds, WARRANTS and DLCs and CFDs etc. 

Pricing

Click here to enquire 

Website

https://www.planet-ss.com
Address

8 Anthony Rd, #01-01, Singapore 229957

Telephone

6438 4434

Operating Hours

Saturday & Sunday: Closed

Monday – Friday: 9am–5pm

Review 1

Ministry of Investments has guided me as a student to understand the financial world better. Very grateful. – sonia sheri

Review 2

Excellent site for an overview of the world of investments. – bhart sheri

Review 3

Good services and lots of financial information. – Divya Sharma

 


iFast Top Stock Brokers in Singapore

Stock Broker

iFAST Financial Pte Ltd

Speciality

iFAST Financial Pte Ltd is a licensed dealer, brokerage services, custodian, financial adviser, CPFIS registered investment administrator, and provides portfolio management. Besides offering financial advisory services, the company provides transaction recording, portfolio valuation, capital markets, and reporting. 

Pricing

Click here to enquire 

Website

https://secure.ifastnetwork.com/ifastverve/home/index.tpl
Address

10 Collyer Quay, #26-01 Ocean Financial Centre, Singapore 049315

Telephone

6557 2000

Operating Hours

Saturday – Sunday: Closed

Monday – Friday: 8:30am–5:30pm

Review 1

Attended by Evelyn Tan when visited iFAST. Prompt service and handled my transaction in an orderly manner. Capacious boardrooms offer beautiful views of Cecil Street & Marina Bay area. Self-service coffee station with comfy chair for clients. Excellent space for a quiet conversation. Toilets available. – Kenny Chua

Review 2

Surprising well furnished place , not loud or ostensive. Simple neat and spacious. – Luke Woo

Review 3

Nice views and well furnished office, good for a pleasant discussion. – R

 


Goldman Sachs Top Stock Brokers in Singapore

Stock Broker

Goldman Sachs

Speciality

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services such as brokerage services, investment management, securities, asset management, prime brokerage, and securities underwriting.
Pricing

Click here to enquire 

Website

https://www.goldmansachs.com
Address

60 Anson Rd, #14-01 Mapletree Anson, Singapore 079914

Telephone

6889 1000

Operating Hours

Saturday – Sunday: Closed

Monday – Friday: 9:00am–5:00pm

Review 1

Positive: 5 stars. – Ramlee Salleh

Review 2

Positive: 5 stars. – Tonka Lambova

Review 3

Positive: 5 stars. – Calvin ChanSQ

 


Stash Away Top Stock Brokers in Singapore

Stock Broker

StashAway

Speciality

StashAway is an online investment management company headquartered in Singapore. It is one of the oldest robo advisors in Singapore. The company was founded in Singapore in 2016 and was the first robo-advisor to obtain a full capital-markets services. s the intelligent wealth management platform that’s designed to build and protect your wealth, whether that amount is small or big. 

Pricing

Click here to enquire 

Website

https://www.stashaway.sg
Address

05 Cecil St, #14-01 The Octagon, Singapore 069534

Telephone

6248 0889

Operating Hours

Monday – Sunday: 9:00am–6:00pm

Review 1

Nice folks to invest with. Friendly staff and investment opportunities, I like their approach with their new Simple product. Money is held in a trust accounts with the banks as the custodian for the trusts so you money is safer.

The training academy they offer is pretty cool. Some basic to advanced things covered but really good to make sure you have a good base understanding of your investment options, with or without Stashaway. So I appreciate that. Thanks! – Vu Long Tran

Review 2

I am giving 5 stars after 6 month of inverting it. the returns was pretty good. – Desmond Two

Review 3

Great people and product. – Mike

 


Low-Cost Online Trading in Singapore: Tiger Brokers

Tiger Brokers

Ponder this if you seek the most affordable online brokerage

Bonus:

Fresh clients are entitled to 5 commission-free trades for stocks denoted in USD and HKD, fee-free 30-day duration of market data for US markets, and trading tickets for cash inputs of S$2,000 and above

 

Tiger Broker Trading Charges

Market

Tiger Brokers Fee

Min Commission

Industry Average Fee

Industry Average Commission

Singapore 0.08% Free* 0.22% S$25
US $0.01 USD 1.99 0.27% USD $15-$29
HK 0.06% HKD 15 0.21% HKD $100-$200
China 0.08% RMB 15 N/A N/A
Australia 0.1% AUD 8 N/A N/A

Futures USD$0.99-USD$2.99

* No extra charge until Dec 31, 2020; upon which, fees amount to S$2.88


Top Market Entry on a Virtual Trading Platform in Singapore: Saxo Markets

SAXO Capital Markets

Ponder this option if you seek a trading platform with high market entry and low fees

Bonus:

Fresh clients may not be required to foot a lowest commission fee to trade SGX equities through to April 30th, 2021. Furthermore, fresh and old clients are granted free entry to instant level 1 fees for Singapore stocks and CFDs.

Saxo Markets Stock & ETF Trading Fees

Market Classic Platinum VIP Industry Average
Singapore 0.08% 0.08% 0.08% 0.22%
US 0.06% 0.05% 0.04% 0.27%
Japan 0.15% 0.12% 0.10% 0.32%
HK 0.15% 0.12% 0.10% 0.21%
EU 0.10% 0.07% 0.058% 0.31%

* Saxo min. SG: S$0- For fresh clients (Through Apr 30th, 2021); US:$3-$4; JPY1,000-1,500; HKD60-90; EUR6-12


Saxo Markets CFD Trading Spectrums

 

Saxo Markets Forex Spreads

Guest Mention For Best Market Access: Interactive Brokers

Interactive Brokers

Ponder this if you seek to invest globally

Bonus:

For trading securities in non-Singapore markets, Interactive Brokers’ commission levels are difficult to outshine. This appeals to investors that may feel trapped by the amounts of stocks on the Straits Times Index and are likely to ponder other choice. As you may witness in the table below, Interactive Brokers charges competitive commission fees for any location beyond Singapore.  Moreover, Saxo is the top choice for those who seek entry to every market as well as Singapore.

 

Interactive Brokers – Additional Features

 

Fee Contrast: Interactive Brokers & Saxo Markets Fee Contrast

Best Online Trading Platform for Beginners

SAXO Capital Markets

Consider this if you are a novice in investing

Bonus:

Fresh clients need not foot an entry commission charge to trade SGX equities until April 30th, 2021. Furthermore, fresh  and old clients obtain free entry to instant level 1 prices for Singapore stocks and CFDs.

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Saxo Markets provides the top online trading platform for those who seek to invest online. With SaxoTraderGO, their platform planned for new traders, clients obtain entry to a range of tools to assist in search for the top options to trade. For instance, their Fundamental Analysis Tool researches company indicators to allow you to decide on what to invest in. Interactive learners may also gain enrichment from annotation details to conserve and annotate listings, graphs and more. Also, the platform mixes both in-house and third-party analyses to regularly provide you instant updates, between mobile or desktop usage.

 

Saxo Markets also charges certain of the most affordable charges in the market (for, among others, Singapore, the US, Hong Kong and Japan), possesses the most substantial global market reach, and lets you to trade a spectrum of instruments like stocks, bonds, ETFs, mutual funds, foreign exchange, futures, etc. Also, before opening an account one may assess a platform on their website and attempt a 20-day free run to attempt playing on the platform. Although starting to trade virtually seems hard, Saxo Market will provide you with all the accessories to enter the market at affordable charges.

Top Platforms for CFD Trading

Contracts for difference (CFDs) let people gamble on the potential fee of an inherent property, without the actual possession of property. CFDs are also traded on priority, granting traders bonus buying capacity. Due to this, they are prevalent among senior traders in Singapore. Here are two platforms that are optimum for CFD trading.

 

Top Online Brokerage for Trading CFDs: City Index

City Index

Ponder this if you are an old trader of CFDs

Bonus:

Commission Contrast: City Index, Saxo Markets, IG

Guest Mention for Trading CFDs: IG

IG

Ponder this if you seek to trade CFDs on a platform with enhanced educational materials

Bonus:

IG is an alternative top brokerage with CFD offerings. Though commission charges are usually higher than those of City Index, it provides certain features that make it a good investment. Firstly, IG lets investors to moderate their exposure by trading partial sums of a contract (e.g. 0.5 contracts of spot FX EUR/USD). Additionally, IG provides Knockout CFDs, that are a special instrument that lets traders decide their maximum losses before investing. This product instantly moderates margin needs founded on the user’s individual “knockout level”, or maximum loss.

 

IG also provides a premium CFD education platform through IG Academy, allowing new traders to experiment risk-free with an account. Ultimately, IG’s grouping with Singapore Airlines grants users KrisFlyer Miles on each trade.


Job Requirements for Stock Brokers

While there are no specific educational requirements for becoming a stock broker, it is certain that related degrees or coursework will give you an advantage in the job.

1. Education

For educational requirements, you might want to consider an undergraduate degree in business management. Most stock brokers have a master’s in business administration (MBA) or a masters in finance. It also helps if you have some coursework in mathematics, statistics, wealth management and quantitative analysis.

2. Experience

Stockbrokers often start working for a brokerage firm or bank in a different role (many begin as college interns) and then gain on-the-job experience. To become a broker, they must show a deep understanding of financial markets, regulations, and accounting practices.

3. Exam qualifications 

Stock brokers should also pass the general test, commonly known as the Series 7 exam, administered by the financial advisory industry. The exam is typically difficult and consists of many multiple-choice questions that must be completed within the time allocated. In some circumstances, it is combined with another separate test to validate the individual’s capabilities. 

These exams will permit a broker to buy and sell most stocks. It is important to find out what are the required exams available to gain certifications or registration in various states.

Stock Brokers

Working Environment for Stock Brokers

To make it as a successful stock broker or any other financial roles, you’ll need to work long hours, especially in the beginning when you’re building your list of clients. The typical job of a stock broker consists of advising and selling to potential clients – especially when you earn your pay through commissions. As a stock broker, if you managed to communicate well and build good rapport with your prospects, you’ll have an easier life in the industry. Moreover, it is common for stock brokers to be able to handle rejections well. The job tends to be very competitive since one stock broker can help you to purchase stocks as easily as another. 


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.

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