There are many trading apps in Singapore for users to choose from. But the best ones are covering the important aspects. Such as low fees, minimum account, access to global markets and user-friendly. Plus, the sign-up perks they offer.
These trading apps are more suited for active users who like to manage their own portfolios. Learn about market dynamics and analysis. Making investments based on developing trends to make profits. The top 4 trading apps in Singapore are.
A Selection of The Best Trading Apps in Singapore to Choose From
1. Tiger Trade
This is an online trading platform where users can trade directly on the app. There are many features that are useful in trading. Such as real-time stock quotes, market news and watchlists. Also, gives insights, analysis and developing trends.
It gives trading features such as screeners, one-click trading, and candlestick charts. Plus, profit-loss analysis and stock options trading. Access to stocks, ETFs, futures, options and more. No minimum deposit is needed and offers many attractive sign-up offers.
One of the lowest fees per trade on the market at 0.03%. Profitable for new users who are searching for low fees and sign-up promotions. Suitable for users who like to focus on the markets in Australia, SG, China, HK and US.
2. Moomoo
This trading platform is a relatively new low-cost broker in Singapore. Its parent company, Futu, is backed by Tencent Holdings. Currently, it charges lower fees while offering access to Singapore, Hong Kong and US markets.
Suitable for younger investors to start learning about trading on a low-cost platform. No minimum deposit is required and there’s a welcome bonus for students. They can make deposits of SGD 1,000, 750 USD or 5,500 HKD to start.
Get free shares by making a minimum deposit of 2,700 SGD, 2,000 USD or 16,000 HKD. Access to stocks, ETFs and REITs. With the lowest fee of 0.03% per order for HK stocks and 0.06% on SG stocks, ETFs and REITs.
3. Interactive Brokers (IBKR)
Compared to the first two apps above, IBKR is known as the largest trading platform by volume. Low on commission and fees but has access to global markets. Suitable for users who want to develop their knowledge in trading and portfolio.
IBKR doesn’t require an account minimum. It charges a 0.08% fee for SGX trades, SEHK stocks and 0.005USD per share for all US stock trades. Users earn 200 USD per referral. It has access to stocks, options, futures, and bonds.
Also, access to funds and 23 currencies in 135 markets and across 33 countries. Now also available for crypto trading. This app is probably a bit difficult for beginners. Owing to the vast and complex services it provides.
4. FSMOne
This is a local online brokerage form popular to a flat commission of 8.80 SGD for SG stocks. But that flat rate works out to lower commission. If the user makes a large amount trading transaction.
It has various types of accounts even for young investors. Users can choose to do it yourself and customize their portfolio. To better suit their risk profile with guidance from investment advisors. Users can trade stocks, ETFs, REITs, funds and bonds.
FSMOne has access to stocks on SGX, HKEX, US exchanges and China A-shares. Suitable for investors who practice a lump-sump strategy. This app charges on a per trade basis with no platform fees. Reduce fees by buying more in trades.
Trading apps Singapore basically has many things to offer. But these 4 apps are the most popular to use. Owing to their access to global markets with low-cost fee for trades. All of them are regulated by the Government.