Best Stock Brokers in Singapore 2026: The Complete Comparison Guide

Compare fees, platforms & CPF eligibility across IBKR, moomoo, Tiger Brokers, FSMOne, DBS Vickers & Saxo — so you can pick the right broker for your Singapore portfolio.

Choosing the right stock broker in Singapore in 2026 can save you thousands in fees over your investing lifetime. With SGX commissions as low as 0.06% and US stock access from US$0.99 per trade, the difference between the cheapest and most expensive broker is significant — especially when you are building a long-term S-REIT or dividend portfolio.

This guide compares the six best stock brokers available to Singapore investors, with a focus on SGX fees, US market access, CPF OA eligibility, SRS compatibility, and platform reliability. This is not financial advice. All fee figures are as at April 2026.

Table of Contents

What to Look for in a Singapore Stock Broker

Before comparing specific platforms, here are the five criteria that matter most for Singapore retail investors in 2026:

1. SGX commission rate and minimum fee
The minimum fee per trade matters more than the percentage when you are starting small. A 0.06% rate with a S$0.99 minimum beats 0.08% with a S$10 minimum on trades below S$15,000. Always calculate the effective rate for your average trade size.

2. US and international market access
If you invest in Irish-domiciled ETFs (CSPX, VWRA, IWDA) on the London Stock Exchange to avoid the 30% US withholding tax and the USD 60,000 estate tax exemption cap for non-US investors, you need a broker with competitive LSE rates. See our guide on buying ETFs on the LSE for full context on the tax advantages.

3. CPF OA eligibility (CPFIS-approved)
Only MAS-regulated entities that are CPFIS-approved can handle CPF Ordinary Account investments. If you plan to invest CPF funds in SGX-listed S-REITs or approved ETFs, your broker must support CPFIS. See our CPF investment strategy guide for which assets qualify.

4. SRS (Supplementary Retirement Scheme) compatibility
SRS contributions are tax-deductible up to S$15,300 per year for Singapore citizens and PRs. S-REITs and dividend stocks inside an SRS account generate passive income in a tax-advantaged wrapper. Read our SRS complete guide for the full strategy.

5. Platform stability and MAS regulation
All six brokers reviewed here hold MAS Capital Markets Services licences. Platform stability matters during volatile market sessions — particularly for S-REIT investors monitoring ex-dividend announcements and DPU results on SGX.

Best Stock Brokers Singapore 2026 — Comparison Table

All fees as at April 2026. “SGX Min” = minimum charge per SGX trade. CPF OA = CPFIS-approved for CPF Ordinary Account investing.

*moomoo SGX commission waived for life on qualifying accounts. Promotions subject to change — always verify on each broker’s official website. As at April 2026.

Interactive Brokers (IBKR) Singapore — Best for Active Traders & Global ETF Investors

Interactive Brokers (IBKR) is widely regarded as the gold standard for sophisticated Singapore investors trading across multiple global markets. IBKR Singapore holds an MAS Capital Markets Services licence and provides access to over 150 markets worldwide, including the LSE where Singapore investors buy CSPX, VWRA, and IWDA.

Verdict: IBKR is the best choice for investors building a large LSE-listed ETF portfolio (CSPX, VWRA, IWDA). The forex spread is the tightest of any broker here — on S$50,000 in LSE ETF purchases, IBKR’s forex efficiency saves S$100–200 vs. digital-first brokers. Not suitable for CPF OA investing. The platform has a steeper learning curve than moomoo or Tiger.

moomoo Singapore — Best for Low-Cost SGX & US Trading

moomoo Singapore (Futu Singapore Pte Ltd, MAS CMS licence) has become one of Singapore’s most popular retail brokers, driven by aggressive fee promotions and a clean mobile-first app. The platform’s current lifetime SGX commission waiver is a compelling offer for buy-and-hold S-REIT investors who make 1–3 SGX trades per month.

Verdict: For most Singapore investors splitting between SGX-listed S-REITs and LSE-listed ETFs, moomoo offers the lowest effective cost. The commission-free promotion eliminates the biggest friction for small regular investors. Key limitation: no CPFIS, so you will need a separate account if you plan to invest CPF OA funds.

Tiger Brokers Singapore — Best All-Rounder for S-REIT Investors

Tiger Brokers Singapore (UP Fintech, MAS CMS licence) is a strong all-rounder, particularly for investors managing both SGX S-REITs and US dividend stocks or ETFs. It regularly runs new account promotions with commission-free stock vouchers and cash rebates worth up to S$1,000.

Verdict: Tiger Brokers hits the sweet spot of low fees, clean UX, and solid bonus promotions. If you are building a portfolio of Singapore dividend stocks and S-REITs alongside global ETFs, Tiger is a reliable primary cash broker. See current welcome offers on our Tiger Brokers referral page.

FSMOne Singapore — Best for CPF OA & Unit Trust Investing

FSMOne (iFAST Financial Pte Ltd, MAS-regulated) is the standout choice for CPF Ordinary Account investors. It is fully CPFIS-approved and offers the broadest selection of unit trusts, ETFs, and bonds purchasable via CPF — all with 0% upfront sales charge on unit trusts.

Verdict: If CPF OA investing is part of your retirement strategy, FSMOne is the clearest choice for a self-directed approach. The minimum S$10 SGX trade fee is higher than Tiger or moomoo, but the CPFIS breadth and zero unit trust sales charge more than compensate. Check our FSMOne referral code for the current welcome bonus. Pair FSMOne (for CPF) with moomoo or Tiger (for cash) for the optimal dual-broker setup.

DBS Vickers — Best for Existing DBS Banking Customers

DBS Vickers is the brokerage arm of DBS Bank, Singapore’s largest bank by assets. It is CPFIS-approved and integrates directly with DBS and POSB bank accounts. Fees are the highest on this list, but the one-bank experience appeals to conservative investors and infrequent traders who value simplicity.

Verdict: DBS Vickers is the most expensive broker on this list. The fee gap vs. FSMOne (for CPF) or moomoo and Tiger (for cash) compounds significantly over a 10–20 year investment horizon. Recommended only if you prioritise the DBS ecosystem or are an infrequent trader. Not recommended as a primary broker for cost-conscious investors building a long-term S-REIT or passive income portfolio.

Saxo Bank Singapore — Best for Options, Bonds & Multi-Asset Trading

Saxo Bank (MAS Capital Markets Services licence) is a Danish multi-asset bank offering a sophisticated platform covering stocks, ETFs, options, bonds, futures, and CFDs across 70+ exchanges. It is the specialist choice for investors who need instruments beyond standard stocks and ETFs.

Verdict: Saxo is overkill for the average Singapore buy-and-hold investor focused on S-REITs and dividend stocks. If you actively trade options or need direct bond access, no other platform on this list matches Saxo’s instrument breadth. Mid-tier SGX fees make it a secondary platform for most retail investors.

CPF OA & SRS Investing: Which Brokers Qualify?

For Singapore investors, CPF OA and SRS are two of the most powerful tax-advantaged vehicles available. Here is exactly which brokers support each:

CPF Ordinary Account (CPFIS-OA):
Only CPFIS-approved entities can handle CPF OA investments. As at April 2026, FSMOne and DBS Vickers are the main CPFIS-approved online self-directed platforms for retail investors. Your CPF OA earns a guaranteed 2.5% p.a. — any CPFIS investment must credibly beat this risk-free floor over your investment horizon to justify switching. See our full CPF investment strategy guide for the decision framework. Alternatively, Endowus offers a CPFIS-approved robo-managed CPF portfolio with funds from Dimensional, PIMCO, and others at 0.25–0.60% p.a.

SRS (Supplementary Retirement Scheme):
All six brokers on this list are SRS-compatible. SRS contributions are tax-deductible at your marginal rate — up to S$3,672 per year in tax savings for Singapore citizens at the 24% bracket. Withdrawals from retirement age (currently 63, rising to 64 from 1 July 2026) are 50% taxable. S-REITs and dividend stocks are natural fits for SRS given their income-generating nature inside a tax shelter. Read our SRS account complete guide for full strategy.

Recommended dual-broker setup for most Singapore investors:
Use moomoo or Tiger Brokers for cash account trading (lowest fees, SRS-compatible), plus FSMOne for CPF OA investing if you have decided to use CPFIS. Add Endowus or Syfe for a hands-off robo-managed SRS or CPF OA portfolio if you prefer fund-of-fund diversification over individual stock-picking.

Common Mistakes Singapore Investors Make When Choosing a Broker

1. Focusing on the percentage rate and ignoring the minimum fee
A 0.06% commission sounds better than 0.08%, but both are irrelevant if your trade is S$2,000 — you will pay the minimum either way. Calculate: at what trade size does the percentage beat the minimum? For moomoo (0.06%, min S$0.99), any trade above S$1,650 benefits from the percentage rate. Plan your trade sizes accordingly.

2. Using a CPF-ineligible broker for CPF OA investing
Opening moomoo or Tiger first and then trying to use CPF OA funds will not work — you need a CPFIS-approved platform from the start. Decide your CPF strategy before choosing your broker setup.

3. Ignoring custody risk on international holdings
SGX-listed shares (S-REITs, blue-chips) bought through any of these brokers are held in your CDP (Central Depository) account in your name. US and LSE securities are held in custodian (street name) accounts at the broker. Understand this distinction before depositing large sums with any single broker.

4. Chasing sign-up bonuses without comparing long-term fee impact
A S$1,000 welcome bonus is attractive, but if you pay S$18 per trade at DBS Vickers vs. S$1.99 at Tiger, you give back that bonus in just 61 SGX trades. For an investor making 4 SGX trades per month, that is less than 13 months.

5. Not accounting for forex costs on international purchases
Every international trade involves a currency conversion. IBKR charges approximately 0.002% forex spread — the tightest of all six brokers. moomoo and Tiger apply a wider spread. On a S$100,000 LSE ETF portfolio, the forex efficiency difference can be S$200–500 per year in hidden costs.

6. Consolidating everything into one broker unnecessarily
The optimal Singapore setup is typically two accounts: a low-cost digital broker (moomoo or Tiger) for cash trading, plus FSMOne for CPFIS access if needed. Running two brokers is simple, free, and gives you the lowest cost in every scenario.

FAQ — Best Stock Brokers Singapore 2026

Our Verdict: Which Broker Is Right for You?

For most Singapore S-REIT and dividend investors in 2026: open moomoo or Tiger Brokers for your cash account (lowest fees, SRS-compatible, generous welcome bonuses), and add FSMOne if you plan to invest CPF OA funds via CPFIS. Consider Endowus or Syfe for a robo-managed SRS or CPF OA portfolio if you prefer a hands-off approach. This two-account structure covers virtually every retail investing scenario in Singapore at the lowest possible cost. Not financial advice — all fee data as at April 2026. Always verify on each broker’s official website.

Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice. Fee data is sourced from official broker websites and is accurate as at April 2026 but may change — verify current rates before opening an account. The Kopi Notes may receive referral compensation from some platforms mentioned. This does not affect our editorial independence or assessment.

Related reading: Best S-REITs Singapore 2026 | Singapore REIT ETF Guide | Best Passive Income Ideas Singapore 2026 | Retirement Planning Calculator