MooMoo vs Tiger Brokers Singapore 2026: Fees, CPF/SRS & Which Wins

A side-by-side comparison of Singapore’s two most popular low-cost brokers — real SGD cost examples, CPF/SRS access, and safety after the 2026 CSRC fines.

MooMoo and Tiger Brokers are Singapore’s two most popular low-cost brokerages, both MAS-licensed with near-zero commission on US and SGX stocks. The key difference: Tiger Brokers lets you invest CPF-OA and SRS funds through its Cash Boost account; moomoo does not. MooMoo’s custodian account is cheaper for new SGX traders in year one, while Tiger’s flat pricing wins after that.

Not financial advice. All figures are for educational reference only. Fee data verified directly against moomoo.com/sg and itiger.com/sg as at 14 July 2026.

Table of Contents

Quick Answer: MooMoo or Tiger Brokers?

For most Singapore investors, the decision comes down to one question: do you need to invest CPF-OA or SRS money? If yes, Tiger Brokers wins outright. Its Cash Boost account has supported CPF-OA and SRS investing since August 2025 — something moomoo still doesn’t offer.

If you’re a cash-only investor focused on US stocks, moomoo’s flat US$0.99 platform fee per order is hard to beat, and its custodian SGX account is commission-free in your first year. Tiger’s pricing is simpler and has no promotional cliff — you pay the same flat minimum (S$1.99 for SGX, roughly US$1.99–2.02 for US stocks) whether you signed up yesterday or three years ago.

Key Differences at a Glance

Source: moomoo.com/sg and itiger.com/sg official fee and disclosure pages, verified 14 July 2026.

Fee & Cost Comparison: SGX and US Stocks

Here’s the full fee breakdown for both brokers, pulled directly from their official 2026 pricing pages. Singapore government GST of 9% applies on top of all broker and exchange fees.

SGX Stocks, ETFs & REITs

Source: moomoo.com/sg fees & pricing page, verified 14 July 2026.

US Stocks, ETFs & Fractional Shares

Source: itiger.com/sg/commissions official pricing page, verified 14 July 2026.

Here’s what that looks like in real money. For a S$5,000 SGX trade, moomoo’s CDP-linked account costs S$14.17 all-in — more than double Tiger’s S$5.45. MooMoo’s default custodian account, commission-free in your first year, costs just S$3.82 for the same trade.

The gap narrows for US stocks. A US$2,000 order of 10 shares costs US$0.99 on moomoo versus roughly US$2.02 on Tiger Brokers — moomoo’s flat platform fee beats Tiger’s per-share pricing on most retail-sized US trades.

Safety, Regulation & the 2026 CSRC Fines

Both moomoo and Tiger Brokers are licensed and regulated by the Monetary Authority of Singapore (MAS). MooMoo operates here through Moomoo Financial Singapore Pte. Ltd., holding a Capital Markets Services Licence (CMS101000), a Major Payment Institution Licence (PS20200617), and Exempt Financial Adviser status. Tiger Brokers (Singapore) Pte. Ltd. (Reg. No. 201810449W) is licensed under the Securities and Futures Act, with client money and assets segregated under SFA section 104.

Both brokers give you Securities Investor Protection Corporation (SIPC) coverage of up to US$500,000 on US-listed securities, through their US-regulated affiliates. SIPC is a US investor-protection scheme, not a Singapore one — it only covers your US stock holdings, not SGX shares. Consolidated or joint accounts may fall outside SIPC protection on some platforms, so check your account type before assuming full coverage.

Custody works differently between the two. MooMoo’s default account holds your SGX shares in its own custodian arrangement, not registered in your own name at the Central Depository (CDP), unless you opt into its newer CDP-linked account (which costs more, as shown above). Tiger Brokers always holds SGX shares in a sub-account under its own nominee account with CDP — a similar middle-ground structure, at no extra fee tier. Neither is the same as full CDP ownership under your own name, which you’d get with a broker like FSMOne.

On 22 May 2026, China’s securities regulator (CSRC) fined moomoo’s parent company Futu Holdings roughly US$271 million and Tiger Brokers’ parent UP Fintech roughly US$59 million, alongside a third broker, for offering cross-border trading services to mainland Chinese residents without proper CSRC licensing. Both stocks fell sharply on the news. This is important context, but it doesn’t change what happens to your Singapore account: the fines relate to the parent companies’ China-facing operations, not the MAS-licensed Singapore entities that hold your money. Your cash and securities in Singapore remain governed by MAS rules and segregated custody requirements regardless of what happens in China. See our deep-dive on is moomoo safe in Singapore for the full breakdown, and TheFinance.sg’s coverage of the fine itself.

CPF-OA and SRS Investing: Tiger’s Biggest Advantage

If you want to invest your CPF Ordinary Account (OA) or Supplementary Retirement Scheme (SRS) savings, this comparison ends quickly. MooMoo is not an approved CPF Investment Scheme (CPFIS) operator and cannot accept SRS funds — full stop. Tiger Brokers added CPF-OA and SRS investing through its Cash Boost account in August 2025. You get zero commission for the first 180 days after linking, then a 0.12% platform fee (minimum S$5) applies on eligible SGX-listed stocks and ETFs.

Your CPF OA earns 2.5% p.a. sitting idle. If you’re not using either broker for CPF/SRS, platforms built specifically for that — like Endowus — often make more sense for diversified fund access. See our CPF investment strategy guide for the full framework on where to put OA and SRS money.

Platform Features Beyond Fees

Price isn’t everything. Here’s how the two platforms differ on tools and product range.

MooMoo leans into research and analytics. You get 140+ technical indicators, a customisable stock screener, Wall Street analyst ratings from 4,000+ analysts, institutional holdings tracking (see what Berkshire or Ark Invest are buying), and 24/7 news from Bloomberg and Dow Jones. It also covers more markets from a single account — SG, US, HK, Japan, China A-shares, crypto, and leveraged forex — plus wealth products like Cash Plus and Income Plus for idle cash.

Tiger Brokers is built more around active trading and cost control. Its standout features: a Fund Mall for buying unit trusts directly, a paper trading simulator for practising strategies risk-free, Australian stock access (which moomoo doesn’t offer), and the Tiger BOSS debit card linked to your brokerage cash balance. Fractional share trading works similarly on both — you can buy less than one share of a high-priced US stock like NVDA or MSFT.

Neither platform charges subscription or redemption fees on its core fund offering as at July 2026, though promotions and terms change often — always check the current T&Cs before funding an account.

Who Should Use MooMoo vs Tiger Brokers?

Most active Singapore investors end up using more than one platform — moomoo for US stock trading and research, Tiger Brokers (or Endowus/Syfe) for CPF-OA and SRS money. There’s no rule against holding accounts on both, and diversifying platforms means you’re not fully dependent on one broker’s uptime or promo cycle. Read our full moomoo referral code guide or Tiger Brokers referral code guide for current sign-up bonuses. Run your numbers through our retirement planning calculator to see how CPF/SRS investing compounds over 20+ years.

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