Tiger Brokers vs moomoo Singapore 2026: Which Broker Wins?
If you’re deciding between Tiger Brokers and moomoo for your Singapore brokerage account, the short answer is: moomoo wins for US stock traders, while Tiger Brokers wins for CPF OA investors and multi-market diversifiers. Both charge 0.06% for SGX stocks and offer zero inactivity fees — but the differences in US fees, CPF support and welcome bonuses are significant.
This article is for informational purposes only and does not constitute financial advice. Please do your own due diligence before investing.
Tiger Brokers and moomoo are two of the most popular low-cost brokerages in Singapore, and for good reason: both offer fractional US share trading, sleek mobile apps, and fees that undercut traditional brokers like DBS Vickers or POEMS by a wide margin.
But they’re built for slightly different investors. In this head-to-head comparison, we break down SGX and US trading fees, CPF OA and SRS compatibility, platform features, safety and the 2026 welcome bonuses — so you can decide which one belongs in your portfolio toolkit.
Table of Contents
Contents — Click to expand
Quick Comparison Table: Tiger Brokers vs moomoo (2026)
| Feature | Tiger Brokers | moomoo |
|---|---|---|
| SGX Fee (commission + platform) | 0.06% (min S$1.99) | 0.06% (min ~S$1.98); yr 1 commission waived |
| US Stock Fee | US$0.01/share (min ~US$1.99/trade) | US$0.99/trade (lifetime $0 commission) |
| HK Stock Fee | 0.06% (min HK$15) | 0.03%+ platform fee applies |
| CPF OA investing | ✓ Yes (Cash Boost account) | ✗ No |
| SRS investing | ✓ Yes | ✓ Yes |
| Fractional US shares | ✓ Yes | ✓ Yes |
| Options trading | ✓ Yes | ✓ Yes (up to 100 contracts/mo commission-free) |
| Inactivity fee | None | None |
| 2026 Welcome Bonus | Up to S$1,000 | Up to S$1,864 |
| Regulated by | MAS (Tiger Brokers SG Pte Ltd) | MAS (Futu Singapore Pte Ltd) |
Data as at April 2026. All fees subject to 9% GST. Always verify current fees on official broker websites before trading.
Tiger Brokers Singapore: Overview
Tiger Brokers (operated by Tiger Brokers (Singapore) Pte Ltd, MAS-licensed) is a Chinese-founded broker that launched in Singapore in 2020 and has since built a strong following among local retail investors. Its key strengths are competitive SGX trading fees, robust multi-market access (US, HK, A-shares, AU, SG), and — critically — support for CPF OA and SRS investing via the Cash Boost account.
Tiger Trade, its mobile and desktop platform, is feature-rich: real-time Level 1 data for SGX and US markets, options chains, paper trading mode for beginners, and a built-in stock screener. For S-REIT and Singapore dividend stock investors, Tiger is particularly compelling because you can deploy CPF OA funds — something moomoo cannot currently offer.
Tiger Brokers Key Stats (2026)
- MAS licence: Capital Markets Services licence (CMS101081)
- SGX fee: 0.06% total (0.03% commission + 0.03% platform), minimum S$1.99 per order
- US fee: US$0.005/share commission + US$0.005/share platform = US$0.01/share (min ~US$1.99 per trade)
- HK fee: 0.06% total, minimum HK$15 per order
- CPF OA: Yes, via Cash Boost account (for SGX-listed SGD-denominated stocks and ETFs)
- SRS: Yes
- Inactivity / custody fee: None
- Welcome bonus: Up to S$1,000 (valid until 30 April 2026)
Best for: Investors who want to use CPF OA to buy S-REITs and dividend stocks; multi-market traders (US + SGX + HK); investors who prefer a slightly more professional trading interface.
👉 See our full Tiger Brokers referral code and 2026 promotion guide for current bonus details.
moomoo Singapore: Overview
moomoo (operated by Futu Singapore Pte Ltd, MAS-licensed) is the Singapore arm of Futu Holdings, a NASDAQ-listed brokerage. It launched in Singapore in 2021 and has rapidly grown its user base with an aggressive welcome promotion strategy and one standout offer: lifetime zero commission on US stock trades.
The moomoo platform is arguably the most data-rich retail trading app in Singapore, offering free Level 2 US market data (which most brokers charge for), a professional-grade stock screener, earnings calendar, options flow data, and a large community forum. For active US stock and ETF traders, the moomoo ecosystem is hard to beat.
moomoo Key Stats (2026)
- MAS licence: Capital Markets Services licence (CMS101000)
- SGX fee: 0.06% total (0.03% commission waived yr 1 + 0.03% platform), minimum ~S$1.98 per order
- US fee: US$0.99 platform fee per order (lifetime S$0 commission)
- HK/China A-shares fee: Commission + platform fee applies (first 30 days commission-free)
- Options: Up to 100 contracts/month commission-free (ongoing)
- CPF OA: Not supported
- SRS: Yes
- Inactivity / custody fee: None
- Welcome bonus: Up to S$1,864 in welcome rewards (includes lifetime US commission-free)
Best for: US stock and ETF investors who will save significantly on per-trade US commissions; investors who want free Level 2 US data; those building a US-heavy portfolio with regular DCA purchases.
👉 See our full moomoo Singapore review 2026 for platform features and in-depth analysis.
SGX, US & HK Fee Head-to-Head
SGX (Singapore Exchange) Trading
For Singapore-listed stocks, REITs and ETFs, both brokers are effectively tied at 0.06% total fee with a low minimum. Tiger charges a minimum of S$1.99 per order; moomoo is marginally cheaper at ~S$1.98. In practice, the difference is negligible. moomoo does waive its 0.03% commission fee for the first year, giving you a small saving of 0.03% on SGX trades in year one.
For context: a S$5,000 SGX trade costs roughly S$3.00 at either broker. Traditional brokers like DBS Vickers charge 0.18% (min S$25), so even the cheapest Tiger/moomoo trade saves you over S$20 on that same order.
US Stock Trading — moomoo’s Clear Advantage
This is where moomoo pulls ahead significantly. Tiger Brokers charges US$0.01 per share (minimum ~US$1.99 per trade). Buy 100 shares of an ETF and that’s US$1 in commission + US$1 platform fee = US$2. moomoo charges US$0.99 platform fee per trade, regardless of share count, with zero commission permanently.
For a regular DCA investor buying CSPX, VWRA or QQQ monthly, moomoo is consistently cheaper for US trades above a handful of shares. Over 12 monthly DCA purchases, the saving can add up to US$12–20+ per year — meaningful on a smaller portfolio.
👉 Building a US ETF portfolio? See our guides to CSPX and VWRA for Singapore investors.
Hong Kong & Other Markets
Both brokers offer HK stock trading at competitive rates. Tiger charges 0.06% (min HK$15); moomoo applies its own commission + platform structure with the first 30 days commission-free. For A-share (China) investors, moomoo offers direct access to Shenzhen and Shanghai Connect. Tiger also covers Australian stocks (0.10% total).
CPF OA & SRS Support: Tiger Brokers Wins
This is Tiger Brokers’ most significant advantage over moomoo for Singapore investors. The Tiger Brokers Cash Boost account (launched August 2025) allows investors to deploy CPF Ordinary Account (OA) funds into eligible SGX-listed, Singapore-dollar denominated stocks and ETFs — including most S-REITs and blue-chip dividend stocks.
moomoo currently does not support CPF OA investing. Both brokers support SRS (Supplementary Retirement Scheme) funds for SGX-listed securities.
For a Singapore investor using CPF OA to buy S-REITs (e.g. Mapletree Logistics Trust, Frasers Centrepoint Trust, or the Lion-Phillip S-REIT ETF), Tiger Brokers is the only choice between these two. This is a substantial edge for the growing segment of Singaporeans optimising their CPF OA allocation.
👉 Learn more: CPF Investment Strategy Guide | Best S-REITs Singapore 2026
Who Should Use Which Broker?
| Investor Type | Recommended | Why |
|---|---|---|
| CPF OA investor buying S-REITs or dividend stocks | Tiger Brokers | Only broker of the two that supports CPF OA via Cash Boost account |
| Regular US ETF DCA investor (CSPX, VWRA, QQQ) | moomoo | US$0.99/trade flat vs Tiger’s per-share model — cheaper for most lot sizes |
| Active US stock trader (high volume) | moomoo | Lifetime zero commission + free Level 2 data saves costs at scale |
| SGX dividend stock investor (cash account) | Either | Fees are effectively identical; choose on platform preference |
| Multi-market investor (US + SGX + AU) | Tiger Brokers | Better Australian stock access; more markets on one platform |
| Beginner needing market analysis tools | moomoo | Free Level 2 US data, community forum, advanced charting — best free tools |
| SRS investor buying ETFs or REITs | Either | Both support SRS; choose based on your cash account preference |
The pragmatic Singapore investor’s move? Open both accounts, use moomoo for your US ETF/stock portfolio, and Tiger for CPF OA and SGX positions. Both accounts have no inactivity fees, so holding two costs you nothing.
2026 Welcome Bonuses & How to Claim Them
Both Tiger Brokers and moomoo offer compelling welcome bonuses for new account holders in 2026. Here’s what’s on the table:
Tiger Brokers — Up to S$1,000 Welcome Bonus
New Tiger Brokers Singapore customers who deposit and hold funds for 60 consecutive days are eligible for welcome rewards worth up to S$1,000. The promotion is valid until 30 April 2026. Use our referral page for the latest promo code and claim instructions.
moomoo Singapore — Up to S$1,864 in Welcome Rewards
moomoo’s welcome package includes lifetime zero commission on US stock trades, 1 year commission-free for SGX stocks, 30 days commission-free HK/A-share trading, and ongoing commission-free US options (up to 100 contracts/month). Additional cash deposit rewards are available in tiers. This offer is among the most generous in the Singapore brokerage market.
Promotions verified as at April 2026. Terms and conditions apply. Not financial advice. Always check official broker websites for the latest promotion details before signing up.
Also exploring robo advisors? Compare Endowus and Syfe for CPF/SRS managed portfolios — complementary tools alongside your brokerage accounts.
Frequently Asked Questions: Tiger Brokers vs moomoo
Is Tiger Brokers or moomoo safer?
Both brokers are regulated by the Monetary Authority of Singapore (MAS) under Capital Markets Services licences, and are members of the Securities Investors Association (Singapore). Tiger Brokers Singapore is a subsidiary of UP Fintech Holding, listed on NASDAQ (TIGR); moomoo Singapore is a subsidiary of Futu Holdings, also listed on NASDAQ (FUTU). Both are required to hold client assets in segregated accounts separate from their own funds. Neither is a fly-by-night operator — both have publicly listed parent companies with audited accounts.
Can I use Tiger Brokers or moomoo to invest CPF funds?
Only Tiger Brokers currently supports CPF OA investing via its Cash Boost account, for SGX-listed Singapore-dollar denominated stocks and ETFs. moomoo does not support CPF OA. Both brokers support SRS (Supplementary Retirement Scheme) investing for SGX-listed securities. If CPF OA deployment is important to you — for example, buying S-REITs or the Lion-Phillip S-REIT ETF with your OA savings — Tiger Brokers is the only option between the two.
Which broker is cheaper for buying US ETFs like CSPX or VOO?
For most regular investors doing monthly DCA into US ETFs, moomoo is cheaper. moomoo charges a flat US$0.99 platform fee per US trade with zero commission permanently. Tiger Brokers charges US$0.01 per share (minimum ~US$1.99 per trade). On a trade of 50 shares, Tiger would charge US$0.50 commission + US$1 platform = US$1.50, vs moomoo’s flat US$0.99. On larger share counts, moomoo’s flat fee is a bigger saving. Note: CSPX and VWRA are listed on the London Stock Exchange — check with your broker for London-listed ETF access and fees.
Can I open both Tiger Brokers and moomoo accounts?
Yes, absolutely. There’s no regulatory restriction on holding brokerage accounts with multiple providers in Singapore. Since both Tiger Brokers and moomoo charge zero inactivity fees, there is no ongoing cost to maintaining accounts with both. Many Singapore investors do exactly this — using moomoo for US stock/ETF trading and Tiger Brokers for their CPF OA and SGX positions. You’d benefit from both welcome bonuses as well, as long as you meet each broker’s requirements separately.
How do Tiger Brokers and moomoo make money if they offer zero/low commissions?
Both brokers earn revenue through multiple channels: platform fees (the non-commission component of each trade), currency conversion spreads when you fund your account in SGD for USD-denominated trades, interest on cash balances, margin lending interest, and premium data subscriptions. The zero-commission model is sustainable because these ancillary revenues offset the foregone commission income. It’s worth being aware of currency conversion costs when funding your US trading account — both brokers apply a spread on USD conversion.
Which platform has better research and charting tools?
moomoo edges ahead on research tools, particularly for US stocks. It provides free Level 2 US market data (bid/ask depth), institutional ownership tracking, earnings call transcripts, options flow data, and a community forum. Tiger Trade has solid charting, a good stock screener, and a paper trading mode ideal for beginners, but its free research suite is less comprehensive for US markets. For SGX-focused investors, both platforms offer similar levels of real-time data.
Verdict: Tiger Brokers vs moomoo Singapore 2026
Both Tiger Brokers and moomoo are excellent low-cost brokers that leave traditional SGX brokers in the dust on fees. Here’s the bottom line:
- Choose Tiger Brokers if you want to invest CPF OA funds in S-REITs or dividend stocks, or if you’re a multi-market investor who also trades Australian stocks.
- Choose moomoo if you’re primarily a US stock/ETF investor who will benefit from lifetime zero commission, or if you want the best free research and Level 2 data tools.
- Open both if you want maximum flexibility — zero inactivity fees means no ongoing cost to holding both accounts, and you can claim both welcome bonuses.
For broader context on the best platforms for Singapore retail investors, see our Best Robo Advisor Singapore 2026 guide and Retirement Planning Calculator.