Which is the Best Trading Platform in Singapore? A Beginner's Guide

Investing is easier than ever thanks to digital trading platforms. However, with so many new platforms coming into the market, it can be confusing to choose the best trading platform for beginners in Singapore if you’re just getting started.

This guide examines which is the best trading platform in Singapore for newer investors. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

Table of contents
What to look for in a trading platform How to start trading in Singapore Popular trading platforms in Singapore Interactive Brokers WeBull Moomoo Tiger Brokers Saxo Markets FSMOne Save on FX fees with Wise

What is a trading platform?

A trading platform is an app or website that lets you securely buy, sell, and manage investments through a third-party intermediary service.

You can set up a trading platform account with just your phone or laptop, and then access different types of assets like stocks, options, futures, currencies, bonds, and funds from markets around the world. Buy, sell, and build your ideal portfolio with ease.

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

What to look for in a trading platform

If you’re wondering how to choose a trading platform to get started with investing in Singapore, there are a few things to consider. Ultimately, there’s not one single best trading platform for beginners: different options suit different preferences and investment plans.

Here are a few pointers on what to think about while you choose:

Make sure you like the user interface and tools

Trading platforms offer app and desktop site access, and usually have extras like education resources, videos, and historical data to guide your decisions. Make sure you’re comfortable with the UI and can find everything you might need.

Check the fees and commissions

You’re investing to increase your wealth - don’t let high or unexpected fees erode your gains. Read the provider’s fee schedule carefully before you sign up.

Examine the markets and product classes available

Having a diversified portfolio is a common strategy, so choosing a platform that lets you invest in different types of assets on different global markets can be a good choice.

Look for extras like fractional share trading

Fractional share trading lets you invest in fractions of higher-value shares, making big-ticket stocks like Apple and Tesla more accessible for new investors on a limited budget. This can be another good way to diversify and buy into hot markets.

Check if there are options for margin trading

Margin trading lets you borrow from the platform to invest instantly with leverage. This can be a high-risk strategy and is popular with experienced investors, but finding a platform that has it available for future use may be worthwhile.

Look out for good customer support and favourable reviews

Finally, make sure you’re choosing a platform that you trust and that has a good reputation for customer service, in case you ever need help with your account.

How to start trading in Singapore for beginners

The first step to trading in Singapore will be to open a trading account with your preferred platform. While different platforms have their pros and cons, they’ll usually all offer a pretty intuitive application and onboarding experience to make it easier to get started.

Here’s how to open a trading account in Singapore:

1. Select your preferred platform, and check through key documents, including fees.
2. Download the provider’s app and click on the option to open an account
3. Enter your phone number and complete the verification check by entering your code.
4. You can often prepopulate the required personal information through Singpass.
5. Add the required information and documents - usually including proof of ID and address.

Once your account has been verified by the provider, you can fund it from your bank account or through a provider like Wise, and start to trade.

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Buying or selling a stock or shares that aren’t traded in your local currency? Don’t let the currency conversion trip you up. Convert your stocks or shares into any currency with our handy tool, and you’ll always know what you’re getting. Check out our international stock ticker tool.
Explore international stocks 🌍

Disclaimer: Wise's international stock ticker provides information for reference purposes only. This tool and platform does not offer to buy or sell stocks, and the data displayed here should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. We make no guarantees regarding the accuracy or completeness of the information provided, and users should exercise caution and seek professional guidance when making investment choices.

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Popular trading platforms in Singapore: An overview

There are many different trading platforms in Singapore that can all suit different customer needs. Here’s an overview of some important points - we've got more coming up on each provider right after:

Provider	Market access	Platform fees	Commission (US stocks and ETFs)
IBKR	160 global markets¹	No added platform fee²	0 commissions
WeBull	US, Singapore, and Hong Kong market specialists	No Platform Fee for US/HK/A Shares & US Options Trading³	0.025% - 0.03%
Moomoo	US, Singapore, Japan, and Hong Kong primary focus	0.99 USD/order⁴	No commission
Tiger Brokers	1,500+ global funds available	Platform fee may apply depending on account type	Commission 0.005 USD/share to 0.01 USD/share⁵
Saxo Markets	50+ global markets	No listed platform fee	From 1 USD - variable percentage fees based on account type⁶
FSMOne	US, Singapore, China, Malaysia, and Hong Kong primary focus	Variable platform fees⁷	Usually 3.8 USD

*Details correct at time of research - 13th August 2025. Commissions and platform fees vary depending on asset and account type. Read the terms and conditions carefully.

Interactive Brokers

Best for: Access to 160+ markets, great for building a diverse portfolio

Key features:

• Established business with good global reach
• Trade stocks, options, futures, currencies, bonds, and funds
• Fund your account and trade assets in 28 currencies

Interactive Brokers (IBKR)⁸ has been in business for almost 50 years, and has an impressive global reach, with no added platform fee and no commissions on some US market trades. Other fees may apply, particularly if you trade on other markets.

WeBull

Best for: No commissions on some US trading, making it a good pick if you want to invest in USD

Key features:

• Broad range of assets in the US, Singapore, and Hong Kong markets
• No commission and no platform fee for some US trades, on a promotional deal
• Intuitive app to manage everything from one account

WeBull⁹ is a specialist in the US, Singapore, and Hong Kong markets, with a good range of asset types available, including stocks, options, funds, ETFs, and US treasuries. Trade in app, which also offers great tracking tools, insights, and ways to manage your investments on the move.

Moomoo

Best for: Frequent promotions, which may offer lower trading costs and other fees

Key features:

• Access to markets in the US, Singapore, Japan, and Hong Kong
• No commissions on some trades
• Platform fees from 0.99 USD

Moomoo¹⁰ has a focus on markets in the US, Singapore, Japan, and Hong Kong with a broad range of stocks, options, treasuries, and REITs to choose from. There are also cash account products to earn while you have uninvested funds.

Tiger Brokers

Best for: Different account types to choose your fee structure - fixed or tiered

Key features:

• Different account types to set your pricing according to your needs
• Broad market access in Singapore, the US, China, and beyond
• Debit card available to earn fractional shares as you spend

Tiger Brokers¹¹ is a popular trading platform for beginners in Singapore, with both fixed and tiered pricing, so you can choose the account terms that suit your trading needs better. There are many products to choose from, including the innovative BOSS debit card, which lets you invest and spend from one account.

Saxo Markets

Best for: Good global reach, with no platform fee in many cases

Key features:

• Different account types, which have their own features and fees
• Stocks, ETFs, bonds, and a broad range of leveraged products for more established investors
• Educational events and webinars offered

Saxo Markets¹² promises access to over 71,000 financial products as well as advice and learning resources to help educate yourself about marketing performance. If you’re trading USD products, there are commission fees from a minimum cost of 1 USD with variable percentage fees based on account type.

FSMOne

Best for: Access to markets in China and Malaysia, which aren't always available on trading platforms

Key features:

• Access to less common markets in the region
• Broad range of products, including cash accounts, debit cards, and FX features
• New investor learning tools available

FSMOne¹³ has an extremely broad range of products from cash accounts through bonds and investments for new investors and experienced investors alike. The fees aren’t necessarily the cheapest, but the range of offerings, including access to markets in Malaysia and China, is very strong.

Fund and manage your trading account with Wise to save on foreign currency fees

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

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

What's more, you can activate Wise Interest to earn returns* on your eligible balances while keeping your money available to spend.

*Growth is not guaranteed. Capital at risk.

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

🚀 Get Started with Wise

Summary

Trading online and in-app is an accessible way to start investing if you’re new to it - you can manage your money from your phone, and buy or sell a broad range of asset classes from around the world.

This guide picked out some trading platforms for beginners in Singapore, based on the ease of use, low costs - particularly for investors looking to access the huge US market - and breadth and depth of asset types available.

There’s not one single best route to building a diversified investment portfolio - but choosing a great, flexible, low-fee platform can give you a head start. Use this guide to start your research and find the right platform to start working towards your individual financial goals.

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Sources used:

1. IBKR - why IBKR?
2. IBKR pricing
3. WeBull pricing
4. Moomoo pricing
5. Tiger Brokers pricing
6. Saxo pricing - commissions
7. FSM pricing
8. IBKR Singapore
9. WeBull
10. Moomoo
11. Tiger Brokers
12. Saxo Markets
13. FSMOne