5 “Best” Singapore Stock Brokers (2022)

Around the world, there is now a wide range of stockbrokers offering excellent trading conditions with the lowest possible fees and commissions. This leaves you with a decision to make when selecting the best stockbroker for yourself based on your trading location.

Here we take a look at the best Singapore stockbrokers that you will find available if this is where you are based. At the same time, we will also go over some important points to consider when choosing your broker in the first place.

Factors to consider before trading

Each of the brokers we have selected are among the best available for stock trading in Singapore. That said, there are still a number of factors you need to know and consider to enable you to make the best choice based on your own trading needs.

Brokerage fees and commissions: Stockbrokers are increasingly moving towards offering low-cost, commission-free trading. This can have a major effect on your overall transaction costs and is something to consider first when making your choice.

Trading platforms and usability: There are several top trading platforms with great features available. You will want to make sure that the available features and overall user experience with a broker matches both what you need and your level of trading experience.

Trust and security: A broad priority area. Nothing is more important than the safety of your funds. To this end, it is imperative that you choose a broker with a solid reputation and a positive history in the industry. This is something we have also tried to ensure when choosing our top brokers.

Moomoo is a trading platform that allows stock trading on the SG, US and UK markets. Investment products and services on moomoo are offered by Futu Singapore Pte. ltd. and they are regulated by the Monetary Authority of Singapore (MAS) with license number CMS101000.

They offer a wide range of trading options, including US stocks, HK stocks, SG stocks, US stock options, futures, ADRs, exchange-traded funds (ETFs), and REITs. Other financial products will soon be available.

They offer free Level 2 market data, which gives investors access to real-time bids and asks to execute trades more accurately. They also offer 24/7 news to give investors easy access to detailed analysis of stocks and price movements.

To learn more, read our Moomoo review or visit Moomoo.

#2. FSMOne (FundSupermart)

With a large number of years of experience in the industry, FSMOne is one of the most trusted stockbrokers in Singapore and other Asian countries. They have been in business since the year 2000 and remain very competitive on trading fees and costs, while continuing to evolve into a modern and very easy to use online broker.

With over 20 years of experience, you will find a broker that is very well regulated and highly compliant with all local regulations and with largely positive feedback from traders. Within the broker, several types of accounts are available, from personal level to premium level for advanced traders and to meet all needs. A number of status tiers also exist in a great rewards program that can help you lower trading costs and unlock a host of perks.

In all, you will find thousands of assets from local and international markets, including the United States, to trade. This includes thousands of funds, bonds and stocks for your selection.

Head straight to the FSMOne website to learn more and open your account now.

#3. CGS-CIMB

CGS-CIMB is a very well-known financial company and broker that offers services in a number of markets and has been doing so since 2005. They offer forex trading as well as stocks where you can access hundreds of active in Singapore and 9 other major countries around the world through their own trading platform.

The broker first of all provides a wonderful infrastructure for you to trade which is extremely secure and regulated by MAS in Singapore to provide the highest quality of security standards. You will find several types of accounts available including their initial cash account or a margin trading account with very unique features to allow you to trade over 800 stocks, ETFs, bonds and other assets.

On top of that, CGS-CIMB provides excellent trading platforms in the form of MT4, and its own proprietary iTrade trading platform which offers over 70 unique features and tools. The broker is also backed by an excellent research and education section that can allow you to both grow quickly and gain valuable insights, regardless of your level of trading experience.

Do not hesitate to visit CGS-CIMB directly if you are a Singapore-based trader to begin with.

#4. POEMS

POEMS is the trading section of PhillipCapital and one of the oldest trading and brokerage platforms in Singapore has been around in one form or another since 1975. With this experience, you can be sure of a well-regulated and highly reliable experience. with several hundred assets available for trading across a wide range of markets.

You will find stocks, bonds, ETFs, futures, options, CFDs, warrants and many other instruments available to trade on exchanges not only in Singapore but around the world. The broker offers one of the widest ranges of asset collections in the industry if you are a stock trader in Singapore.

Additionally, the user-friendliness of the proprietary platforms offered is superb, with the Poems 2.0 trading platform being available on both desktop and mobile to facilitate a very intuitive and user-friendly trading experience that can suit beginners all the way to advanced. expert traders.

For more details, you can visit the Poems directly on the website to sign up and start trading today.

#5. IOCBC

iOCBC is the securities trading arm of Singapore’s oldest established bank, OCBC Bank. They have been around since 1986 and this history of trust lends itself very positively to the trading experience and security you can expect when trading stocks through this broker.

The broker offers excellent direct market access to a total of 15 stock exchanges in Singapore and around the world, allowing you to trade hundreds of assets of different types. This means that stocks, ETFs, bonds, funds, warrants, etc. can all be traded with the availability of leverage and margin trading as well.

One of the real positives for those who trade with iOCBC and especially more advanced traders is the depth of research they provide with a wide range of analysis and daily market reports always available. They also cater to new investors through their dedicated Young Investor Program which offers a host of benefits including cash back rewards of up to $500.

For more information about this broker or to get started, you can check out the iOCBC website.

Dolores W. Simon