You have probably heard about the Robinhood app and want to know if it is available in Singapore, right?
Robinhood is a modern, easy-to-use investment app from the US that popularised the concept of commission-free trading in financial products such as stocks and ETFs.
Do you want to know if the Robinhood app is available in Singapore, what its expansion plans are, and what alternatives are available in Singapore? We have got you covered.
What is Robinhood?
Founded in 2013, Robinhood has played a major role in disrupting the brokerage industry by allowing US retail investors to trade with no commissions. In the US, Robinhood offers stocks, ETFs, options, futures and cryptocurrencies.
The results are clear: Robinhood had 28.4 million funded customers and $369 billion in total platform assets at the end of June 2026, according to its second-quarter results. The company has been listed on NASDAQ under the ticker HOOD since July 2021 and joined the S&P 500 in September 2025. In response to Robinhood’s exponential growth, several well-established US brokers moved to eliminate trading commissions in late 2019, including E*TRADE (subsequently acquired by Morgan Stanley in 2020) and Charles Schwab (which absorbed TD Ameritrade, whose brand has since been fully retired).
Is Robinhood available in Singapore?
Not yet, but it is getting close. Robinhood has chosen Singapore as its Asia-Pacific headquarters and is preparing to launch a brokerage service there:
- April 2026: the Monetary Authority of Singapore (MAS) granted Robinhood Singapore Pte. Ltd. an in-principle approval to offer brokerage services, covering securities, exchange-traded derivatives, custody, product financing and collective investment schemes.
- 1 July 2026: Robinhood Singapore received its capital markets services licence from MAS, which Robinhood called “a significant step” towards offering brokerage services in Singapore.
As of October 2026, Robinhood has not announced a launch date or published the products and fees it will offer Singapore residents. Separately, its subsidiary Bitstamp Asia, part of the crypto exchange Robinhood acquired in June 2025, already holds a Major Payment Institution licence from MAS for digital payment token services.
Beyond Singapore, Robinhood’s international expansion has focused on the UK (launched in 2024), the EU (through Robinhood Europe UAB, supervised by the Bank of Lithuania) and Canada (after acquiring WonderFi in 2026), and it passed 1 million international funded customers in the second quarter of 2026.
In the meantime, Singapore residents can use several Robinhood alternatives that are already fully operational, offering low-cost access to global markets, some of them through MAS-regulated entities.
Best Robinhood Singapore alternatives
To answer this question, we focused on low-cost online brokers that are readily available to Singapore residents. Here are our top suggestions:
- Interactive Brokers: founded in 1978 and NASDAQ-listed (ticker: IBKR, an S&P 500 constituent since August 2025), IBKR is one of the world’s most established online brokers, offering access to 170 markets in 40 countries (including SGX). Its product range spans stocks, ETFs, options, futures, bonds, forex and cryptocurrencies, with among the lowest FX conversion fees on the market (0.002% of the amount, with a $2 minimum). Singapore clients are served by Interactive Brokers Singapore Pte. Ltd., regulated by MAS, with SGD base currency support.
- Capital.com: a CFD platform with no trading commissions (spreads and overnight fees apply) and more than 5,000 instruments, including CFDs on shares, indices, commodities, cryptocurrencies and forex.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
1. Interactive Brokers
Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR, added to the S&P 500 in August 2025), Interactive Brokers is a global online broker that has weathered multiple financial crises, demonstrating resilience and a rigorous risk management framework. It has more than 5.5 million client accounts worldwide.
Interactive Brokers offers an advanced investment platform with a broad product range (stocks, options, mutual funds, ETFs, futures, bonds, currencies, and cryptocurrencies) across 170 markets in 40 countries, including SGX for Singapore-listed equities and major Asian venues such as HKEX, TSE and ASX, solid trade execution (IB SmartRouting), and a comprehensive set of technical and fundamental tools to support your investment decisions.
For Singapore beginners and intermediate investors, educational content is available via IBKR Campus (formerly Traders’ Academy), although the main TWS platform has a steep learning curve. That is why we primarily recommend it to more advanced traders. Customer support typically provides clear and concise answers, reducing the need for back-and-forth communication.
On the downside, Interactive Brokers’ fee structure is comparatively complex, the registration process is lengthy (though fully online), and the broker does not offer fully commission-free trading. However, when factoring in low FX fees (0.002% of the amount, with a $2 minimum), the Stock Yield Enhancement Program (SYEP) and cash interest on uninvested SGD/USD balances above certain thresholds, Singapore clients can achieve significant savings versus most brokers. Singapore clients are served by Interactive Brokers Singapore Pte. Ltd., licensed by the Monetary Authority of Singapore (MAS), with SGD base currency support.
Interactive Brokers also offers IBKR GlobalTrader, a modern mobile app for trading stocks, options and ETFs, designed for beginner investors, with automatic currency conversion and fractional shares.
Want to know more about Interactive Brokers? Check our Interactive Brokers review.
2. Capital.com
Capital.com at a glance
CFDs involve a high level of risk. 74-89% of retail investors lose money.
Operating since 2016, Capital.com is a fintech group focused on an intuitive trading experience, with integrations with platforms like TradingView.
With more than 890,000 active accounts and 5,000+ instruments, Capital.com offers CFDs on shares, indices, commodities, cryptocurrencies and forex with no trading commissions. The main costs you will encounter are spreads (the difference between buy and sell prices) and overnight fees on positions held overnight.
The desktop and mobile trading platforms are highly customisable, with access to news feeds, extended trading hours, and a wide range of order types. Investors also have significant educational content to explore. The minimum deposit is only $20 (except for wire transfers, which require $250), and customer service is available 24/7 through multiple channels including live chat, email, WhatsApp, and Facebook Messenger.
Capital.com’s group companies are supervised by regulators including the FCA (UK), CySEC (Cyprus), ASIC (Australia) and the Securities Commission of The Bahamas (SCB). Capital.com does not hold a MAS licence, so Singapore residents are generally served by its international entity, Capital Com Online Investments Ltd, regulated by the SCB, which offers less protection than a MAS-licensed broker. Check which entity onboards you before you deposit.
On the downside, you trade CFDs rather than owning the underlying shares, which makes Capital.com a platform for active traders rather than a Robinhood-style long-term investing app.
Want to know more about Capital.com? Check our Capital.com review.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Which platform should you choose?
Several factors are worth considering when choosing an online broker for the Singapore market:
- Fees: commissions, FX costs, custody fees, inactivity fees and withdrawal charges, as a total cost of ownership.
- Regulation: prioritise brokers licensed by the Monetary Authority of Singapore (MAS), which you can check on the MAS Financial Institutions Directory. A broker regulated only offshore gives you less protection.
- Product range: not all platforms allow you to trade options in Singapore, access Singapore-listed stocks on the SGX, or trade cryptocurrencies, so verify the universe matches your strategy.
- SGD base currency support: brokers offering SGD accounts, such as Interactive Brokers Singapore, reduce FX friction when funding and reporting positions.
- Tax: Singapore does not impose capital gains tax on individual investors, and dividend income from Singapore-listed companies is generally tax-exempt at the shareholder level. However, foreign dividends may be taxed at source, for example the 30% US withholding tax on US dividends, so check how your broker handles it.
The best online broker for you will depend on your profile, preferences, and objectives. Explore the platforms above and decide for yourself.
The above should not be construed as investment advice and is for informational purposes only. Investors should do their own research and due diligence regarding the services and opportunities best suited to their risk, return, and impact strategy, and consult a certified financial adviser or tax professional when needed.
Other FAQs
Is Webull available in Singapore?
Yes, Webull, one of Robinhood’s main competitors in the US, is available in Singapore through Webull Securities (Singapore), a MAS-licensed entity.
Is Acorns available in Singapore?
No, Acorns is not available in Singapore. It is only open to US residents.
What about other US-based investment platforms? Are Acorns, M1 Finance, and E*Trade available in Singapore?
No, Acorns, M1 Finance and E*Trade are not available to Singapore residents. These platforms generally require a US address and US tax residency.
How exactly does Robinhood make money?
Robinhood makes money mainly from transaction-based revenues, which include payment for order flow (PFOF) on options and equities and spreads on crypto trades, from net interest on customer cash and margin lending, and from subscriptions such as Robinhood Gold. In the second quarter of 2026, transaction-based revenues were $776 million and net interest revenues $389 million, out of total revenues of $1.31 billion.
PFOF has brought regulatory scrutiny. In December 2020, Robinhood paid $65 million to settle SEC charges that it had misled customers about its revenue sources, including PFOF, and about the execution quality of their orders.
