Best Online Brokerage Singapore 2026: Complete Comparison
The best online brokerage in Singapore for most investors is Interactive Brokers (IBKR). It offers the lowest commissions in the market — from USD 0.35 per US stock trade — with access to global exchanges, no custody fees, and a powerful platform. For beginners who prefer simplicity, Syfe Trade and MooMoo are strong alternatives at USD 0.99 per US trade. This guide compares the top brokerages on cost, platform quality, and what matters most for Singapore investors in 2026.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
- IBKR wins on cost: from USD 0.35/trade with no platform fee — best for active or large-portfolio investors.
- MooMoo and Syfe Trade are the most beginner-friendly at USD 0.99/trade with clean mobile apps.
- FSMOne suits investors who also want Singapore bonds, SRS investments, and funds on one platform.
Table of Contents
Why Your Choice of Brokerage Matters
Most Singaporeans focus on what to invest in — ETFs, REITs, stocks. But where you invest matters just as much. Over a 20-year horizon, paying an extra SGD 100 per year in brokerage fees costs you more than SGD 3,600 in lost compounding (at 7% annual return).
For Singapore investors buying global ETFs like VWRA or CSPX on the London Stock Exchange, the key costs are: commission per trade, foreign exchange (FX) spread, and any annual custody or platform fees. The cheapest brokerage on one metric can be expensive on another.
Here’s what to look for when choosing:
- Commission per trade — the fee per buy or sell order
- FX spread — the markup on currency conversion (SGD → USD or GBP)
- Custody/platform fee — some charge a monthly fee just to hold your assets
- Minimum deposit — how much you need to start
- Exchange access — can you trade LSE, NYSE, and SGX?
- MAS regulation — is the broker licensed in Singapore?
Top Online Brokerages in Singapore 2026
After reviewing fees, platform quality, and suitability for Singapore investors buying global ETFs, here are the top six brokerages:
| Brokerage | US Commission | LSE Access | MAS Licensed | Best For |
|---|---|---|---|---|
| IBKR | USD 0.35 | ✓ | ✓ | Cost-focused, ETF investors |
| Tiger Brokers | USD 0.99 | ✓ | ✓ | Beginners, mobile-first |
| MooMoo SG | USD 0.99 | ✓ | ✓ | Beginners, research tools |
| Syfe Trade | USD 1.99 | ✓ | ✓ | Robo + brokerage combo |
| FSMOne | USD 8.80 | ✓ | ✓ | Funds, bonds, SRS investing |
| Saxo Bank | USD 3.00 | ✓ | ✓ | Options, advanced traders |
Source: Broker websites, June 2026. US commission = per-trade fee for US-listed stocks/ETFs.
Commission & Fee Comparison
The chart below shows the commission per US stock or ETF trade for each platform. IBKR is the clear winner for low-cost investors.
But commission alone doesn’t tell the full story. The chart below shows what each brokerage costs you per year if you make 12 ETF trades — roughly one per month:
IBKR costs you roughly SGD 6 per year at 12 trades. FSMOne costs SGD 144. Over 20 years, that difference compounds to a meaningful gap in your portfolio.
IBKR (Interactive Brokers) Review
Interactive Brokers is the go-to brokerage for cost-conscious Singapore investors. It’s MAS-licensed, charges no custody fee, and gives you access to 150+ global markets — including the LSE, NYSE, and SGX.
Under the tiered pricing plan, commissions for US stocks start at USD 0.35 per trade (minimum USD 0.35). For LSE trades (e.g. buying VWRA in GBP), commissions start at 0.05% of trade value with a GBP 1.70 minimum.
What IBKR does well:
- Lowest commissions of any broker available to Singapore investors
- No minimum deposit and no annual custody fee
- Full LSE access — buy VWRA, CSPX, IWDA in GBP or USD
- Strong USD money market fund: earn ~5% on idle USD cash (as at June 2026)
- Margin lending at very low rates if you need leverage
Watch out for:
- The platform can feel complex for beginners — steep learning curve
- FX conversion (SGD to USD/GBP) costs ~0.002% — very low, but check IdealPro for best rates
- Customer service is not known for speed
IBKR referral code: Use code jianxiong368 when signing up to get a cash bonus on qualifying deposits.
If you’re building a long-term ETF portfolio — whether it’s VWRA, CSPX, or a mix — IBKR is the most cost-efficient home for it. See our Singapore retirement calculator to see how much the fee difference matters over your investment horizon.
MooMoo Singapore Review
MooMoo (Futu Securities) is one of the most popular trading apps in Singapore, and for good reason. At USD 0.99 per US trade, it’s significantly cheaper than traditional local banks — and the mobile app is genuinely excellent.
MooMoo gives you access to US, HK, SGX, and LSE markets. Its built-in financial data, real-time news, and community features make it a strong choice if you want more than just execution.
Best for: Beginner to intermediate investors who want a polished app experience and built-in research tools alongside competitive fees.
Read our full moomoo Singapore review for a detailed breakdown of its features, fees, and sign-up bonus.
Syfe Trade Review
Syfe Trade is the brokerage arm of Syfe — the same platform known for its robo-advisor portfolios. At USD 1.99 per US trade, it’s slightly pricier than MooMoo, but it makes sense if you already use Syfe for automated investing.
The big advantage is having your ETF portfolio and brokerage account on one app. You can run a Syfe Core or Income portfolio alongside individual ETF positions without juggling multiple logins.
Best for: Investors who already use Syfe’s robo-advisor and want to add individual stock/ETF trading without switching platforms.
Use the Syfe referral code and sign-up bonus (SRPRFFFCD) to get a fee waiver on your first trades.
FSMOne Review
FSMOne (Fundsupermart) is a Singapore-based platform from iFAST Corporation. It’s not the cheapest brokerage — US trades cost USD 8.80 — but it excels in a different area: breadth of products.
FSMOne lets you invest in unit trusts, Singapore Savings Bonds, T-bills, bonds, ETFs, and stocks — all on one platform. It’s also one of the few brokerages that supports SRS (Supplementary Retirement Scheme) investments, making it valuable for retirement-focused investors.
Best for: Investors who want a one-stop shop for Singapore government bonds, SRS, unit trusts, and ETFs — and don’t trade frequently enough for the higher commissions to hurt.
Use the FSMOne referral code (P0544985) to get a cash credit on sign-up.
If you want to learn how to invest in T-bills and bonds alongside ETFs, check our Singapore T-bills 2026 guide.
Tiger Brokers Review
Tiger Brokers offers US trades at USD 0.99 and is MAS-licensed in Singapore. It’s a popular choice among younger investors for its clean app and regular sign-up promotions.
Tiger has US, HK, A-share, SGX, and AU market access. For Singapore investors buying US-listed ETFs, it’s a solid mid-tier option — not as cheap as IBKR for large portfolios, but simpler to use.
Watch out for: Tiger Brokers’ promotions often require you to deposit and hold a minimum amount, so read the fine print before opening an account purely for a sign-up bonus.
Best for: Investors who want sub-dollar US commissions with a simpler interface than IBKR, and access to HK-listed stocks alongside US ETFs.
Saxo Bank Review
Saxo Bank is a Danish bank with a strong Singapore presence. It caters more to sophisticated investors who trade options, futures, and CFDs in addition to stocks and ETFs.
US commissions start at USD 3.00 per trade on the Classic plan, dropping to USD 1.00 on Platinum and USD 0.75 on VIP (which requires SGD 1 million in assets). For most ETF investors, Saxo is not the most cost-efficient choice unless you’re also trading derivatives.
Best for: Advanced traders who need options, futures, or multi-asset derivatives access alongside their ETF portfolio.
| Saxo Plan | Min Assets (SGD) | US Commission | LSE Commission |
|---|---|---|---|
| Classic | None | USD 3.00 | GBP 3.00 |
| Platinum | SGD 200k | USD 1.00 | GBP 1.00 |
| VIP | SGD 1M | USD 0.75 | GBP 0.75 |
Source: Saxo Bank Singapore website, June 2026.
Which Brokerage Should You Choose?
Here’s a simple framework based on your situation:
| Your Situation | Best Brokerage | Reason |
|---|---|---|
| Building a long-term ETF portfolio, cost-focused | IBKR | Lowest fees, LSE access, no custody charge |
| Beginner, want a simple mobile app | MooMoo or Tiger | Clean UX, solid fee at USD 0.99, good promotions |
| Already using Syfe robo-advisor | Syfe Trade | One app for both portfolios |
| Want T-bills, bonds, and SRS on one platform | FSMOne | Best multi-asset Singapore-focused platform |
| Advanced trader needing options/derivatives | Saxo Bank | Widest derivatives offering for SG investors |
Source: TKN analysis, June 2026.
For most Singapore investors building a passive ETF portfolio, IBKR is the default choice. The platform complexity is a one-time learning investment that pays off in lower fees for decades.
If you’re just starting out and the IBKR interface feels overwhelming, MooMoo is a perfectly good starting point. You can always move your portfolio to IBKR later once you’re more confident.
Whatever brokerage you choose, the most important thing is to start. The best brokerage is the one you’ll actually use consistently. To understand how your investments might grow over time, try our Singapore retirement calculator.
If you’re also considering robo-advisors as a complement to self-directed investing, read our guide to passive income Singapore and how investors combine brokerages with robo-advisors for a two-layer strategy.
For dividend-focused investing within your brokerage account, check out our guide to best S-REITs in Singapore 2026 — REITs are one of the most popular holdings for Singapore investors seeking regular income.
TKN may earn referral fees if you sign up using codes on this page. This does not affect our editorial assessment of any brokerage.
