10 Best Trading Platforms In Singapore 2024

Best Trading Platforms In Singapore

A trading platform is a venue for trading securities and derivatives. Many trading platforms exist, such as exchanges, securities trading systems, and electronic communication networks. As a result of these platforms, traders no longer have to access multiple businesses, brokers, and traders, which reduces the cost of trading. Traders can access a global trading platforms from anywhere in the world.

Over 1 billion trades worth $5 trillion were executed on the Singapore Exchange’s trading system last year, making it Asia’s most significant trading venue. In addition, financial products and services have also been launched in partnership with international exchanges. This article consists of the ten best trading platforms in Singapore. 

Best Trading Platforms In Singapore

 

Trading Platforms
Prices
Affordability Ratings
Preference Ratings
Total Score
Interactive Brokers
SGD 100
7
8.5
7.75/10
Tiger Brokers
SGD 9.82
9.85
8.75
9.3/10
moomoo (by FuTu SG)
SGD 10.00
9.75
9.25
9.5/10
City Index
SGD 27.1
8.5
9.65
9.07/10
POEMS
SGD 14.20
9.5
10
9.75/10
Saxo Markets
SGD 9.98
10
9
9.5/10
OANDA
SGD 28.52
8.25
9.25
8.75/10
Maybank Kim Eng
SGD 21.39
9
7
8/10
UOB Kay Hian
SGD 20
9.25
10
9.62/10
IG
SGD 25
8.75
9.75
9.25/10

 

Interactive Brokers

Score:7.75/10

 

Interactive Brokers

Interactive Broker is an ideal choice for the trading platform in Singapore. Several investors had already used the platform in Singapore before its official launch.

The first step towards using IBKR in Singapore is to become an IBKR Pro member. As an IBKR Premium User, you have access to all of the services that IBKR offers. These include sophisticated algorithms, APIs, and tools that are unavailable to Lite Users. No transaction costs on over 40 ETFs.

Price: SGD 100

Where: 40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960.

Contact: 1 (888) 919-0022

When to visit: N/A

 

Tiger Brokers

Score: 9.3/10

 

Tiger Brokers

Tiger Brokers is an excellent trading platform in Singapore. The online trading platform in Singapore is supported by Xiaomi and is listed on NASDAQ. It has low fees and worldwide market accessibility, like Singapore, the United States, Hong Kong, China, and Australia. In addition, there are several more places where one can access ETFs, stocks, options, CBBCs, warrants, REITs, and more on multiple markets from a single account.

Price: SGD 9.82

Where:  1 Raffles Place 35-61, Tower, #2, Singapore 048616

Contact:  +65 6331 2277

When to visit: Open 24 hours 

 

moomoo (by FuTu SG)

Score:9.5/10

 

moomoo (by FuTu SG)

moomoo is a good choice for the trading platform in Singapore. A free share of AAPL is being offered pre-launch and during the launch of the new app. Various filters are available, including market capitalization, change rate, turnover, trade volume, and P/E ratio. The fee for Moomoo by Futu SG in the United States is only $0.99, in Hong Kong $3, and in Singapore $0.99.

Price: SGD 10.00

Where: 1 Raffles Quay North Tower #39-02, Singapore 048583

Contact:  +65 6321 8888

When to visit:

  • Mon – Fri: 9 am – 6 pm
  •  Sat & Sun: Closed

 

City Index

Score: 9.07/10

 

City Index

City Index is the best option for the trading platform in Singapore. It is authorized by several global financial authorities, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore. 

As a result of its long history, global presence, and accreditation by several of the world’s top financial regulators, it is known to be a trusted and reliable trading platform for traders and investors. In addition, new clients who make a minimum deposit of S$6,500 can receive a free one-year subscription at S$480 for The Wall Street Journal.

Price: SGD 27.1

Where: StoneX Financial Pte. Ltd. 1 Raffles Place 12-62, Tower 2 One Raffles Place Tower 1, Singapore 048616

Contact:  +65 6826 9988

When to visit:

  • Mon – Fri: 9 am – 6 pm
  • Sat & Sun: Closed

 

POEMS

Score:9.75/10

 

POEMS

The poems is an award-winning trading platform in Singapore. Currently, its catalog contains over 40,000 types of financial products. In addition to the United States, Australia, the United Kingdom, Japan, and Hong Kong, it operates in 15 other countries worldwide.

Several methods are available for funding POEMS accounts, most of which are free. The POEMS platform is a trustworthy choice for traders and investors seeking broad market access and credibility.

Price: SGD 14.20

Where: 250 North Bridge Road, #06-00 Raffles City Tower, Singapore 179 101

Contact: +65 6531 1555

When to visit: N/A

 

Saxo Markets

Score:9.5/10

 

Saxo Markets

Saxo Markets is one of the best online trading platforms in Singapore. Trading instruments include equities, bonds, forex, CFDs, and other leveraged instruments, as well as fundamental equities and bonds. Even though the process is relatively simple, if one is looking for a hassle-free option, debt consolidation loans and stock and bond gifts are also available. As well as regular savings plans and managed portfolios, they offer more sophisticated savings products for passive investors.

Price: SGD 9.98

Where: 88 Market Street CapitaSpring #31-01, Singapore 048948

Contact: +65 6303 7800

When to visit: 

  • Mon – Fri: 8:30 am – 5:30 pm
  •  Sat & Sun: Closed

 

OANDA

Score:8.75/10

 

OANDA

OANDA is the most common stock trading platform in Singapore. Moreover, it is a highly reputable online brokerage as it has gained a reputation for providing quality customer service. Hence, many FX and CFD traders use Oanda as their preferred online brokerage. 

Traders can benefit from high-quality educational materials and research to enhance their chances of success. This collection comprises a blend of headlines, in-house articles, and premium sources from prominent think tanks.

Price: SGD 28.52

Where: 1 Raffles Pl, #26-02 One Raffles Place Tower 1, Singapore 048616

Contact:  +65 6227 3808

When to visit:

  •  Mon – Fri: 9 am – 6 pm
  •  Sat & Sun: Closed

 

Maybank Kim Eng

Score: 8/10

 

Maybank Kim Eng

Maybank Kim Eng is a famous online trading platform in Singapore. It is an ideal choice for investors seeking a diversified investment portfolio as it has a wide range of products and market access. In addition to equities, shares, ETFs, bonds, FX, and CFDs, Maybank Kim Eng caters to various investor types and goals.

Various assets are available at Maybank Kim Eng, making it an excellent place for novice investors to start investing.

Price: SGD 21.39

Where:  50 N Canal Rd, Singapore 059304

Contact:  +65 6432 1888

When to visit:

  •  Mon – Fri: 10 am – 4 pm
  • Sat & Sun: Closed

 

UOB Kay Hian

Score:9.62/10

 

UOB Kay Hian

UOB Kay Hian is a fantastic choice for an online trading platform in Singapore. The company offers various investment products, including UTs, ETFs, Bonds, CFDs, and foreign exchange. Despite this, it is surprising to learn that UOB Kay Hian trades only on a few stock exchanges – Malaysia, Singapore, Hong Kong, and the United States.

One may feel confident choosing UOB Kay Hian to begin investing because it is backed by one of Singapore’s largest brokers and a reputable bank.

Price: SGD 20

Where: 8 Anthony Rd, #01-01, Singapore 229957

Contact:  +65 6536 9338

When to visit:

  • Mon – Fri: 8:30 am – 5:30 pm
  •  Sat & Sun: Closed

 

 IG

Score: 9.25/10

 

IG

 IG is a leading choice for an online trading platform in Singapore. The purpose of a trading platform is to facilitate the trading of securities and derivatives. Platforms for trading can take many forms, including exchanges, securities trading systems, or electronic communication networks. Traders no longer have to access multiple businesses, brokers, or traders to use these trading platforms. Instead, a worldwide network of traders is also available to them.

Its trading system handled more than 1 billion trades worth $5 trillion last year, making it one of the largest trading platforms in Asia. In addition, financial products and services have been launched through partnerships with international exchanges.

Price: SGD 25

Where: 9 Battery Rd, #01-02 MYP Centre, Singapore 049910

Contact:  +65 6390 5118

When to visit:

  • Mon – Fri: 8 am – 5:30 pm
  •  Sat & Sun: Closed

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