Best Stock Market Broker in Singapore for the Year 2025
Written by Akash Khanna
Edited by Samuel Black
Fact-checked by Lisa Khan
Last Updated – 20 April 2025
For over four years, BrokersinForex.com has led the way in reviewing various online forex and stock brokers. Each year, we gather extensive data and provide in-depth research to help you make informed decisions on your choice for forex and stock brokers. Learn more below!
- What is Stock Market Trading in Singapore All About?
- Best Stock Market Brokers in Singapore
- Singapore Stock Market Brokers Compared
- Which is the Best Stock Market Broker in Singapore?
- Can you Trust Your Stock Market Broker?
- What to Consider Before Choosing Your Singapore Stock Market Broker?
- Is Stock Trading Legal in Singapore?
- How Does Stock Trading Work in Singapore?
- Are Stock Market Trading Apps Legal for Use In Singapore?
- Do You Have to Pay Taxes on Stock Trading in Singapore?
- Who Regulates Stock Trading in Singapore?
- Which Broker do I Choose to Trade Stocks in Singapore?
- What’s the Best Stock Market Trading App in Singapore?
- What Are the Costs Involved in Trading Stocks in Singapore?
- How to Get Started Trading Stocks in Singapore Today?
What is Stock Market Trading in Singapore All About?
Stock market trading in Singapore—where you buy and sell shares of companies listed on the Singapore Exchange (SGX)—is like stepping into a high-octane battleground. Here, fortunes can skyrocket or plummet in the blink of an eye, driven by the relentless rise and fall of share prices. It’s a world where adrenaline meets strategy, and every decision can feel like a make-or-break moment.
Imagine owning a slice of your favourite brands or powerhouse companies—yes, you can literally own a piece of giants like Singtel, DBS Group, or even Singapore Airlines. Picture this: with every share you buy, you’re not just an investor; you’re a part-owner of some of the most influential companies shaping Singapore’s economy.
Traders here are like modern-day gladiators, armed with charts, data, and sometimes just their gut instincts. They’re constantly analysing market trends, predicting which stocks will soar to new heights and which might crash and burn. Whether you’re a fast-paced day trader riding the waves of market volatility or a patient long-term investor playing the slow game, the stock market is a thrilling mix of brains, guts, and a sprinkle of luck.
It’s not just about numbers—it’s about the rush of outsmarting the market, the thrill of seeing your predictions pay off, and the heart-pounding excitement of every trade. Think of it as a high-stakes game of chess, but with real money and real consequences. The stakes are sky-high, but so is the potential for reward. Ready to take your place in the arena?
Best Stock Market Brokers in Singapore
Looking for the best forex brokers in Singapore? Buckle up—we’ve got you covered! We’ve done the heavy lifting and handpicked an exclusive lineup of brokers that are ready to welcome Singaporean traders with open arms. These brokers have been put through the wringer, rigorously evaluated and ranked based on their trading platforms, features, and overall reliability.
But we didn’t stop there. Our team dug deep, analyzing over 100 key factors—from trading costs and execution speeds to customer support and platform usability. Plus, we’ve developed our own unique Ranking Score to give you a clear, unbiased snapshot of who’s leading the pack.
Whether you’re a forex newbie or a seasoned pro, our carefully curated list is your ultimate guide to finding the perfect broker. Ready to take your trading game to the next level? Dive into our list and discover the best forex brokers in Singapore today!
All Brokers Recommended in this page are fully approved to operated and are licensed stock brokers in Singapore.
Singapore Stock Market Brokers Compared
Looking for the best stock brokers in Singapore? Your search stops here! We’ve done the legwork and handpicked an exclusive lineup of brokers ready to serve Singaporean investors. These brokers have been thoroughly vetted, rigorously evaluated, and ranked based on their trading platforms, features, and overall reliability.
But we didn’t just scratch the surface. Our team dove deep, analyzing over 100 key factors—from trading fees and market access to research tools, customer support, and platform usability to give you a clear, unbiased snapshot of who’s leading the pack.
Whether you’re a first-time investor dipping your toes into the stock market or a seasoned trader looking for a better edge, our carefully curated list is your ultimate guide to finding the perfect stock broker. Ready to take your investing game to the next level? Dive into our list and discover the best stock brokers in Singapore today!
Which is the Best Stock Market Broker in Singapore?
Searching for the best stock market broker in Singapore? Say hello to Webull—your ultimate trading companion!
Among the sea of brokers catering to Singaporean investors, Webull stands out as a true powerhouse. Known for its cutting-edge technology and user-friendly platform, Webull has built a rock-solid reputation as one of the most trusted and reliable brokers globally. And here’s the exciting part: Webull now offers seamless access to Singapore-listed stocks on the SGX, alongside international markets like the U.S., Hong Kong, and more.
Whether you’re a newbie exploring the world of investing or a seasoned trader looking for advanced tools, Webull has you covered. Enjoy zero-commission trading, real-time market data, advanced charting tools, and even free demo accounts to practice your strategies. Plus, their wealth of educational resources ensures you’re always learning and growing as an investor.
Ready to take your trading to the next level? Dive into our in-depth Webull review and see why it’s the top choice for Singaporean traders. The stock market is your playground—Webull is here to help you conquer it!
| Broker | Min Deposit | Fees for SG Markets | Fees for US Markets | Markets Available | Margin Trading | Trading Platform | Overall Rating |
|---|---|---|---|---|---|---|---|
|
Nil |
0.0025% of trade value after. No Platform fees |
0% for 30 days then, 0.0025% of trade value after. No Platform fees |
Singapore, US, Hong Kong, China |
Available |
Advanced charting & paper trading |  | |
|
Nil |
0.03 % of trade value & $0.99 platform fees |
0% commission & $0.99 per order |
Singapore, US, Hong Kong, China |
Available |
Good interface & social trading feature |  | |
|
Nil |
60 commission free trades for 365 days. 0.03% of trade value thereafter. |
Min USD 0.99 per order & USD 1 platform fees. |
Singapore, US, Hong Kong & China |
Available |
Easy to use interface, advanced charting & easy option trading. | |
Can you Trust Your Stock Market Broker?
When it comes to managing your investments, trust is everything—but can you truly trust your stock broker?
While many stock brokers in Singapore are reputable professionals committed to helping clients achieve their financial goals, the industry isn’t without its pitfalls. Issues like conflicts of interest, hidden fees, and varying levels of expertise can sometimes lead to decisions that benefit the broker more than the investor.
To protect yourself, it’s crucial to do your homework. Check your broker’s credentials, scrutinize their fee structure, and ensure they’re regulated by authoritative bodies like the Monetary Authority of Singapore (MAS). Staying informed about your investments and asking the right questions can also help you maintain control and ensure transparency.
At the end of the day, trust isn’t something to take for granted. It should be earned through consistent, ethical behaviour, clear communication, and a track record of putting clients first. When it comes to your hard-earned money, settling for anything less simply isn’t an option.
What to Consider Before Choosing Your Singapore Stock Market Broker?
Think of this as your treasure map to investing success—a guide to finding the perfect Singapore based stock broker who won’t just protect your treasure but help it grow. Whether you’re a newbie setting sail or a seasoned trader navigating choppy waters, here’s what you need to know to pick the ideal trading partner in Singapore:
1. Regulation and Security: Your Financial Shield
Imagine handing over your hard-earned money to someone. Wouldn’t you want to know they’re the real deal? In Singapore, a broker regulated by the Monetary Authority of Singapore (MAS) is like a fortress protecting your wealth. These brokers are held to strict standards, ensuring they act in your best interest.
Always look for that MAS stamp of approval—it’s your first line of defense against shady operators. Your money deserves nothing less than top-tier security.
2. Trading Fees and Commissions: The Silent Profit Eaters
Let’s face it—hidden fees are the ultimate buzzkill. Brokers charge for executing trades, and these costs can creep up on you like a ninja in the night. Some brokers are transparent and affordable, while others… well, let’s just say they’ve mastered the art of nickel-and-diming.
If you’re an active trader, these fees can eat into your profits faster than you can say “bull market.” So, shop around for a broker with fees that won’t leave your wallet gasping for air.
3. Trading Platforms: Your Command Center
Your trading platform is your Batcave—your mission control for all things investing. A clunky, outdated platform is like trying to win a race with a tricycle.
You want something sleek, fast, and loaded with tools to help you make smart moves. Look for real-time data, intuitive navigation, and mobile access so you can trade on the go. Bonus points if it makes you feel like a Wall Street pro—because who doesn’t want that vibe?
4. Range of Investment Options: The Buffet of Opportunities
Why settle for just one dish when you can have the whole buffet? Some brokers offer a smorgasbord of investment options—local SGX-listed stocks, international markets, ETFs, bonds, and more.
If you’re the type who loves to diversify (and you should be), pick a broker that lets you explore a world of opportunities. After all, you don’t want to miss out on the next big thing because your broker only deals in one market.
5. Customer Support: Your 24/7 Lifeline
Let’s be real—things don’t always go as planned. Maybe your trade didn’t execute, or you’re staring at your screen wondering what “short selling” even means.
That’s when stellar customer support becomes your lifeline. Look for brokers who offer multiple ways to get help—phone, email, live chat, or even a chatbot that actually works. And if they’re quick to respond and actually know their stuff? That’s pure gold.
6. Educational Resources: Your Investing Playbook
If you’re new to the stock market, it can feel like stepping into a foreign country without a map. That’s where educational resources come in.
Think webinars, tutorials, market analysis, and trading guides. Some brokers even offer demo accountsso you can practice without risking real money. It’s like having a personal coach to help you level up your investing game. Remember, knowledge isn’t just power—it’s profit.
7. Account Types and Minimum Deposits: Finding the Right Fit
Not all investors are the same, and neither are brokerage accounts. Some brokers offer tailored account types—whether you’re a casual trader or a high-roller. Check the minimum deposit requirements to ensure they fit your budget.
If you’re just starting out, look for brokers with low barriers to entry. No one wants to drain their savings just to open an account. Your investing journey should begin with confidence, not stress.
Ready to Set Sail?
Choosing the right broker is like picking the perfect ship for your investing voyage. With the right partner, you’ll navigate the markets with confidence, avoid hidden traps, and set course for financial success. So, grab your map, weigh your options, and get ready to claim your treasure. The Singapore stock market is waiting—will you seize the opportunity?
Is Stock Trading Legal in Singapore?
Stock market trading is fully legal and regulated in Singapore, making it a safe and accessible way to grow your wealth. Many top-rated brokers, such as Webull, Moo Moo, and Tiger Brokers, operate under the strict oversight of Singapore’s financial regulators, including the Monetary Authority of Singapore (MAS). These brokers are among our top picks for their reliability, transparency, and user-friendly platforms.
Whether you’re trading SGX-listed stocks or exploring international markets, these brokers provide the tools and security you need to navigate the stock market with confidence. Ready to dive in? Your investing journey starts here!
How Does Stock Trading Work in Singapore?
Stock trading in Singapore revolves around buying and selling shares of companies listed on the Singapore Exchange (SGX), the country’s primary stock exchange. When you purchase a stock, you’re essentially buying a small piece of ownership in that company. These shares can be traded through licensed brokers, who act as intermediaries between you and the stock market. Whether you’re investing in blue-chip companies like Singtel or DBS Group, or exploring smaller-cap stocks, the process is straightforward: you place an order through your broker’s platform, and once executed, the shares are credited to your trading account. Prices fluctuate based on supply and demand, influenced by factors like company performance, economic news, and global market trends.
To start trading, you’ll need to open a brokerage account with a licensed broker regulated by the Monetary Authority of Singapore (MAS). Brokers like Webull, Moo Moo, and Tiger Brokers offer user-friendly platforms where you can access real-time market data, research tools, and educational resources. Once your account is funded, you can begin trading. Investors can choose between different order types, such as market orders (buying or selling at the current price) or limit orders (setting a specific price at which you want to buy or sell). Trading hours on the SGX typically run from 9:00 AM to 5:00 PM on weekdays, with a lunch break from 12:00 PM to 1:00 PM.
Stock trading in Singapore is not just limited to local markets—many brokers also provide access to international exchanges, such as the NYSE, NASDAQ, and Hong Kong Stock Exchange. This allows investors to diversify their portfolios and tap into global opportunities. Additionally, the SGX offers a range of investment products beyond stocks, including ETFs, REITs, and bonds, catering to different risk appetites and financial goals. Whether you’re a long-term investor or a day trader, understanding how stock trading works in Singapore is the first step toward building a successful investment strategy. With robust regulations and a wide array of tools at your disposal, the Singapore stock market offers a dynamic and secure environment for investors of all levels.
Are Stock Market Trading Apps Legal for Use In Singapore?
Absolutely! Both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), developed by MetaQuotes Software, are licensed to hundreds of brokers globally and are fully legal to use in Malaysia as they are just a software tool that facilitates trading for hundreds of millions of traders around the world, including those from Malaysia.
However, it’s important to verify the regulatory status of the forex broker offering MetaTrader in Malaysia. Always check if the broker is authorized by the local regulator, the SCM or BNM, before you start trading.
Do You Have to Pay Taxes on Stock Trading in Singapore?
In Singapore, the tax treatment of gains from stock trading is one of the most investor-friendly in the world. Capital gains from stock trading are not taxed. This means that if you buy shares at a lower price and sell them at a higher price, the profit you make is considered a capital gain and is tax-free. This policy applies to both local stocks listed on the Singapore Exchange (SGX) and international stocks traded through Singapore-based brokers.
However, there’s an important distinction to keep in mind. If you’re trading stocks as part of a business activity—meaning you’re buying and selling shares frequently with the intention of making a profit as your primary income—the Inland Revenue Authority of Singapore (IRAS) may consider these gains as trading income, which is taxable. This is rare for most individual investors and typically applies to professional traders or those running trading businesses.
Additionally, dividends earned from stocks are also tax-free in Singapore, as long as they are paid by Singapore-based companies. For dividends from foreign companies, they may be subject to withholding taxes in the country of origin, but Singapore does not impose additional taxes on them. Overall, Singapore’s tax policies make it an attractive destination for investors looking to grow their wealth through stock trading. Always consult a tax professional if you’re unsure about your specific situation.
Who Regulates Stock Trading in Singapore?
Stock trading in Singapore is regulated by the Monetary Authority of Singapore (MAS), the country’s central bank and financial regulatory authority. The MAS oversees all financial activities, including stock trading, to ensure market integrity, investor protection, and financial stability. It sets the rules and guidelines for brokers, traders, and listed companies, ensuring compliance with Singapore’s stringent financial laws.
The Singapore Exchange (SGX), the primary stock exchange in Singapore, also plays a key regulatory role. While the MAS governs the broader financial system, the SGX regulates the day-to-day operations of the stock market. It enforces listing requirements for companies, monitors trading activities to prevent market manipulation, and ensures transparency and fairness in the market.
Together, the MAS and SGX create a robust regulatory framework that fosters trust and confidence in Singapore’s stock market. This strong oversight has helped Singapore become one of the world’s leading financial hubs, attracting both local and international investors.
Which Broker do I Choose to Trade Stocks in Singapore?
Choosing the right broker to trade stocks in Singapore can feel like picking the perfect teammate for a high-stakes game. You want someone reliable, easy to work with, and packed with tools to help you win. Here are three top contenders that stand out in the Singapore market:
1. Webull Singapore
Best for: Tech-savvy traders and active investors.
Why Choose Webull: Imagine a trading platform that’s sleek, fast, and doesn’t charge you a single cent in commissions for US and Singapore stocks. That’s Webull for you! It’s like the Swiss Army knife of trading apps—packed with advanced charting tools, real-time data, and customizable indicators. Plus, it offers a free demo account so you can practice trading without risking real money. Perfect for beginners who want to learn the ropes or pros who love a high-tech edge.
2. Moo Moo
Best for: Beginners and long-term investors.
Why Choose Moo Moo: If Webull is the Swiss Army knife, Moo Moo is the friendly guide that holds your hand through the trading jungle. It’s super easy to use, offers low fees, and gives you access to both Singapore (SGX) and US markets. Moo Moo also throws in a ton of educational resources—think tutorials, webinars, and market insights—to help you make smarter decisions. It’s like having a personal coach for your investing journey.
3. Tiger Brokers
Best for: Global traders and frequent investors.
Why Choose Tiger Brokers: Want to trade not just in Singapore but across the world? Tiger Brokers is your passport to global markets, including the US, Hong Kong, and more. It’s known for its competitive fees, lightning-fast trade execution, and a mobile app that’s so smooth, you’ll feel like a Wall Street pro. Tiger Brokers also dishes out market research and analysis to keep you informed and ahead of the game.
What Should You Look For in a Broker?
Low Fees: Because no one likes sneaky charges eating into their profits.
Ease of Use: A platform that doesn’t make you want to pull your hair out.
Market Access: Can you trade in Singapore, the US, or beyond?
Tools and Resources: Real-time data, charts, and educational guides are your best friends.
Regulation: Always go for brokers regulated by the Monetary Authority of Singapore (MAS)—it’s like a seal of trust.
| Broker | Min Deposit | Fees for SG Markets | Fees for US Markets | Markets Available | Margin Trading | Trading Platform | Overall Rating |
|---|---|---|---|---|---|---|---|
|
Nil |
0.0025% of trade value after. No Platform fees |
0% for 30 days then, 0.0025% of trade value after. No Platform fees |
Singapore, US, Hong Kong, China |
Available |
Advanced charting & paper trading | | |
|
Nil |
0.03 % of trade value & $0.99 platform fees |
0% commission & $0.99 per order |
Singapore, US, Hong Kong, China |
Available |
Good interface & social trading feature | | |
|
Nil |
60 commission free trades for 365 days. 0.03% of trade value thereafter. |
Min USD 0.99 per order & USD 1 platform fees. |
Singapore, US, Hong Kong & China |
Available |
Easy to use interface, advanced charting & easy option trading. | |
What’s the Best Stock Market Trading App in Singapore?
After testing the top mobile apps from more than 10 both local and international stock brokers, we at BrokersinForex.com pick Webull as our top choice. Offering a seamless and powerful trading experience, Webull’s Trading app is available for both Android and iOS devices.
Webull’s app is intuitive to use eve for beginners, features a great user-interface, easy to sign up after downloading and offers a wide range of trading instruments such as individual stocks, ETFs (Exchange Traded Funds), bonds and warrants amongst others.
It also offers access to various markets markets such as Singapore, Hong Kong and the Unites States utilising the same app so you can easily track your complete portfolio easily.
What Are the Costs Involved in Trading Stocks in Singapore?
1️⃣ – Brokerage Commission Fees
| Broker | Min. Fee (SGD) | Commission Rate |
|---|---|---|
| Webull | $0 (Promo) | 0.025% per trade |
| Tiger Brokers | $0 (Promo) | 0.03% per trade |
| Moomoo (by FUTU) | $0 (Promo) | 0.03% per trade |
Webull has the lowest commission rate (0.025%) compared to Tiger Brokers and Moomoo.
2️⃣ – Clearing Fee (SGX/CDP Fee)
- 0.0325% per trade (capped at SGD 600).
- Charged by SGX, not the broker.
3️⃣ – Trading (Exchange) Fee
- 0.0075% per trade, charged by SGX.
4️⃣ – GST (Goods & Services Tax)
- No GST for Webull, Tiger Brokers, and Moomoo since they are foreign brokers.
5️⃣ – Custody Fees
All three brokers hold stocks in their custodian accounts (not CDP-linked):
- Webull: No custody fees.
- Tiger Brokers: No custody fees.
- Moomoo: No custody fees.
No additional charges for holding stocks in your account.
6️⃣ – Other Fees
- Dividend Withholding Tax: No tax on SGX dividends.
- Currency Conversion Fees: Charged if depositing non-SGD funds.
- Inactivity Fees: None for Webull, Tiger, or Moomoo.
Example of a Cost Breakdown (SGX Trade: SGD 10,000 Order Size)
| Fee Type | Webull | Tiger Brokers | Moomoo |
|---|---|---|---|
| Broker Fee | $2.50 (0.025%) | $3 (0.03%) | $3 (0.03%) |
| Clearing Fee | $3.25 (0.0325%) | $3.25 (0.0325%) | $3.25 (0.0325%) |
| Trading Fee | $0.75 (0.0075%) | $0.75 (0.0075%) | $0.75 (0.0075%) |
| GST (9%) | $0 | $0 | $0 |
| Total Cost | $6.50 | $7 | $7 |
Webull has the lowest cost overall at $6.50 per SGD 10,000 trade.
Best Broker for SGX Trading (Based on Cost & Features)
- Best Overall and for Lowest Fees: Webull (lowest commission of 0.025%)
- Best for Beginners: Moomoo (easy-to-use interface and promotions)
- Best for Multi-Market Trading: Tiger Brokers (good for HK, US, and SG stocks)
How to Get Started Trading Stocks in Singapore Today?
If you’re ready to jump into the stock market and start trading Singapore-listed stocks on the SGX (Singapore Exchange), here’s a fast-track guide to getting started today.
Step 1: Pick the Right Broker
We recommend Webull, your best voted and ranked Singapore Stock Broker. It’s one of the cheapest and most beginner-friendly brokersfor trading SGX stocks.
Other low-cost alternatives:
- Moomoo – Great for promotions and free stock rewards.
- Tiger Brokers – Ideal for multi-market traders who also want access to HK and US stocks.
💡 Why Webull? Lowest trading fee at 0.025% per trade, no hidden charges, and an intuitive mobile app.
Step 2: Open a Trading Account
No long queues or paperwork—just grab your phone and:
- Download the Webull app from the App Store or Google Play.
- Register with your email or mobile number.
- Verify your identity by uploading:
- NRIC (for Singaporeans/PRs) or passport (for foreigners).
- Proof of address (utility bill or bank statement).
- Bank account details for deposits/withdrawals.
- Wait for approval—usually done within a few hours.
🚀 Pro Tip: Sign up during a Webull promo to get free shares or deposit bonuses!
Step 3: Fund Your Account
You can’t trade without cash in your account, so:
- Transfer funds via FAST (SGD deposits) from your local bank.
- If you plan to trade US stocks later, check forex conversion fees.
💰 Start small—even SGD 100 is enough to get started.
Step 4: Find the Right Stock to Trade
Before diving in, take a moment to research:
- Blue-Chip Stocks – Solid picks like DBS, Singtel, Keppel Corp for stability.
- REITs – Good for passive income through dividends.
- Growth Stocks – Companies with strong upside potential.
📊 Use Webull’s built-in analysis tools for charts, earnings reports, and price trends.
Step 5: Place Your First Trade
Now for the fun part—buying your first stock!
- Search for your stock (e.g., SGX: D05 for DBS).
- Select an order type:
- Market Order – Buys instantly at the best available price.
- Limit Order – Sets a specific price to buy or sell.
- Stop-Loss Order – Protects you from big losses.
- Enter the quantity of shares.
- Review & confirm—and just like that, you’re officially a trader!
Step 6: Manage and Grow Your Portfolio
Your job isn’t over after placing a trade. To stay ahead in the market, you should:
✔ Set price alerts for stocks you’re watching.
✔ Track performance in Webull’s portfolio section.
✔ Diversify – Don’t put all your money in one stock.
✔ Read the news – Market conditions impact stock prices!
📢 Pro Tip: Follow SGX updates, earnings reports, and global trends to make informed decisions.
Step 7: Cash Out or Reinvest
When you’re ready to take profits:
- Sell your stocks in Webull.
- Transfer the funds back to your bank account.
- Or reinvest in other promising stocks!
🏆 The key to success? Stay patient, keep learning, and trade smart, not fast.
Final Thoughts
You now have everything you need to start trading SGX stocks today.
The only question left: Which stock will you buy first? 🚀
