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Comparisons of Online Brokerages in Singapore

As you turn your interests into actions for investments, you might often be faced with the dilemma of choosing which platform and account you should leverage on. As a result, you spend a large amount of your time searching high and low for all the information you need to make an informed decision. Many factors include minimum deposit, various types of fees, benefits, features of the platform, types of products etc. Therefore, here is where we can aid you in reducing the amount of time and effort by consolidating information of some of the online brokerages in Singapore for you to consider.

Saxo Markets is globally known and regulated in many countries such as Singapore, UK, Denmark, Australia, Switzerland, Japan, etc. The operations in Singapore have been ongoing since 2006 and it is known to be one of the best trading platforms. It utilizes highly professional tools, provides great services to its traders and allows them to choose from a wide range of investment products based on differing interests and needs. Saxo Markets is recognised for its capability and in 2021, it was awarded the ‘Best Forex Broker’ and ‘#1 Platform & Tools’.

If you fund your account with $3,000 and make at least 3 trades, you will receive $100 in sign-up rewards (3.3% reward for just signing up!).

Tiger Brokers was founded in 2014 and possesses trading licenses in Singapore, US, New Zealand and Australia. It is one of the rising online brokerages in recent years and is steadily attracting a larger user base. With its most advanced in-house technology, Tiger Brokers will provide its traders with a pleasant and safe experience as it continues to innovate and excel forward. Tiger Brokers was also listed in the KPMG Fintech100 as one of the ‘Emerging 50’ companies people should take notice of.

Their goal is to allow everyone of any varied experience to explore investments by utilizing their dynamic and intuitive platform. Futu Holdings Limited is supported by some of the world’s outstanding investors like Tencent, Sequoia Capital and Matrix Partners. Moomoo has gained more than 200000 users despite entering the Singapore market only in March 2021 with many millennials and Generation Z traders onboard. It offers free level 2 market data, 24/7 customer service and a convenient space for like-minded traders to share their opinions and tips.

Interactive Brokers

Interactive Brokers is recognised globally in places like Canada, UK, Central Europe, India, Singapore, Japan, etc. The impressive technology they provide will aid you in trading efficiently by utilizing advanced portfolio analysis. Furthermore, being able to build your portfolio professionally and strategize your moves to trade effectively are essential steps to excel in your investment journey. Some of the latest awards received were the ‘Best Broker for International Trading’ and ‘Best Online Broker for Advance Traders’ from Investopedia.

DBS Vickers Securities

Just like their DBS digibank, you can invest wherever and whenever you want on the go. There is a team of experienced people who will be able to ease your minds as you receive reliable advice and tips from them while you make your way into investing. The platform is easy to navigate and explore which makes it suitable for young investors who are just testing the waters in the investment arena. They also have seminars which enable traders to gain more knowledge about the basics of investing and dive deeper into other areas as they go along.

Looking for an online brokerage with significant sign-up rewards? You can consider Saxo Markets, Tiger Brokers & Moomoo.

Looking for an online brokerage with the lowest and cheapest commission fees? You can consider Saxo Markets, Tiger Brokers & Moomoo.

Looking for an online brokerage that has been around for many years? You can consider Saxo Markets & Interactive Brokers.

Looking for an online brokerage with a wide variety of products? You can consider Saxo Markets & DBS Vickers Securities.

Looking for an online brokerage without a minimum deposit? You can consider Tiger Brokers, Moomoo, Interactive Brokers & DBS Vickers Securities.

In conclusion, everyone has different needs and interests when it comes to trading as many considerations are needed to be thought through. Hence, it is important to find one which suits your needs and interests the best in order for you to have an enjoyable and smooth investing process!


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