Investing in the stock market has never been easier, thanks to the many trading apps available today.
Choosing the best stock trading app in Singapore can be challenging, but we’ve reviewed and analyzed numerous platforms to help you decide.
In this article, we compare Singapore’s top stock trading apps, highlighting their features and strengths.
Best stock trading apps in Singapore
- Interactive Brokers: Best overall
- Plus500: Ideal for CFDs
- Saxo Bank: Best for advanced investors
80% of retail CFD accounts lose money.
62% of retail CFD accounts lose money.
Best stock trading apps in Singapore compared
| Broker | Fees on stocks | Minimum deposit | Trading apps |
| Interactive Brokers | Between $0.0005 and $0.0035 per US share. Between 0.01% and 0.08% for other markets. | S$0 | IBKR GlobalTrader, IBKR Mobile, and Trader Workstation |
| Plus500 | $0.006 per share on US stocks and 0.045% on European stocks, with a minimum of €2 per order (Plus500 Invest only) | S$100 | Plus500 WebTrader |
| Saxo | 0.08% of the trade value for US stocks (minimum US$1) and 0.08% for SGX stocks (minimum S$3) | S$0 | SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO |
#1 Interactive Brokers
Interactive Brokers has proven to be one of the most reliable brokers in the market. The broker, licensed and regulated by the Monetary Authority of Singapore through the subsidiary Interactive Brokers Singapore Pte. Ltd. (License No. CMS100917), was founded in New York over 45 years ago and has weathered many financial crises, making it a well-established and trustworthy broker overseen by many top-tier regulators.
It offers trading apps with sophisticated and powerful tools, a wide range of products, and low prices. The broker provides different mobile apps and web-based platforms you can use depending on your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners, as it simplifies investing without losing the powerful tools the broker is famous for.
If you want to make the most of the broker’s powerful tools, you can use IBKR Mobile, a complete and sophisticated trading app for stocks, ETFs, and options. However, since the app’s features can be overwhelming for beginners, we recommend IBKR GlobalTrader if you do not have much experience.
In addition to the mobile apps, you will also find a desktop app (Trader Workstation) and web-based platforms with advanced trading tools to access global financial markets. Overall, we believe Interactive Brokers offers the best stock trading apps in Singapore, with something to suit every type of investor. Check our Interactive Brokers review to find out more.
#2 Plus500
80% of retail CFD accounts lose money.
Plus500 is a broker founded in Israel in 2008 whose shares are traded on the London Stock Exchange. Regulated by top-tier authorities such as the FCA and CySEC, it offers its services in Singapore through the subsidiary Plus500SG Pte Ltd, licensed and regulated by the Monetary Authority of Singapore (License No. CMS100648).
The broker provides a mobile app named Plus500 and a web-based platform called WebTrader. Both are comprehensive and accessible, and you can test their features by opening a demo account.
It is important to distinguish between the two types of account you can access within the platforms: Plus500 CFD and Plus500 Invest.
With Plus500 Invest, you can trade stocks (real shares of the companies). With Plus500 CFD, on the other hand, you can only trade CFDs on various financial instruments. The distinction matters because CFDs are leveraged, riskier products that can magnify your losses.
Overall, the broker offers solid stock trading platforms for Singaporean customers – low costs, reliability, useful features and products for both beginners (demo account) and experienced traders, and good usability. As a downside, though, you will not have access to ETFs. If you want to learn more about Plus500, please check our full Plus500 review.
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
#3 Saxo
Saxo at a glance
62% of retail CFD accounts lose money.
Saxo is a Danish bank founded in 1992 that operates in Singapore through the entity Saxo Capital Markets Pte Ltd, licensed and regulated by the Monetary Authority of Singapore (License No. 200601141M). It is undoubtedly one of the most reliable options for both advanced traders and beginners, since it provides safety, fair prices, and valuable tools. Saxo offers some of the best stock trading apps in Singapore, led by SaxoInvestor – all comprehensive, customisable, and packed with attractive features for investors.
SaxoInvestor is Saxo’s simple, intuitive platform for everyday investors, giving easy access to stocks, ETFs, mutual funds, and bonds on web and mobile. For more active traders, SaxoTraderGO is an award-winning, customisable platform (mobile and desktop) with advanced charting and analytical tools. The broker also provides SaxoTraderPRO, a desktop platform (Windows and Mac) built for advanced traders thanks to its level of detail and complexity – it is highly customisable, offers sophisticated tools to analyse and track performance, and can be used across up to six screens. A single Saxo account gives you access to all three.
Considering the excellent educational resources, low prices, and impressive range of tradable assets, Saxo earns third place on our list of the best stock trading apps in Singapore. Better still, Saxo Singapore has no minimum funding requirement, so beginners can start without committing a large sum up front.
Methodology
When making this list, we wanted to help investors in Singapore make an informed choice when picking the best stock trading app. Each of the apps we presented has its own main features, and we tried to provide a diverse list that suits the needs of different investor profiles. In any case, we prepared this list considering the following criteria:
- Prices: price should not be the only factor when choosing a trading app, but it is definitely important – you do not want to pay more for a service when you can get the same quality for less;
- Educational resources: high-quality educational resources can be a great advantage, especially for beginners, who can use them to learn before investing money;
- Range of products and markets available: does the app offer real stocks and ETFs, or only CFDs? Does it have crypto?
- Access to the local market: all trading apps in this list let you invest in the Singaporean market;
- Customer service: whatever your choice, problems almost always appear, so it is important to find trading apps built to help you when they do;
- The trading app itself: we considered the functionality and usability of the platform, as well as its specific features;
- Security: all platforms in the list are regulated not only in Singapore but also by top-tier authorities in other jurisdictions.
Bottom line
To summarize, here’s the list of “Best stock trading apps in Singapore”:
- Interactive Brokers: Best overall
- Plus500: Ideal for CFDs
- Saxo Bank: Best for advanced traders
It is hard to choose the right stock trading app in Singapore. Luckily, we helped many people in the same situation before, and we can help you now. To facilitate your choice, we listed a few of the best stock trading apps in Singapore, in our opinion, comparing what they can offer and highlighting their strengths.
We know that trading stocks is a good way to achieve financial freedom, but, like everything in life, there are risks involved. We hope that our analysis was enough to help you make an educated decision that acknowledges those risks, whether you are experienced or a novice in the world of trading.
In any case, keep on studying, do due diligence, know your investment profile, and invest wisely. Please let us know if the article was helpful and if you have any other doubts or feedback!
FAQs
What is the difference between a stock and stock CFD?
While the stock gives you a property right over a share of the company, the CFD does not. The stock CFD is a derivative contract where the underlying asset is the stock and where the broker promises to pay you back the difference in value between the time you opened the position and the time you close it. CFDs have a leverage effect: if you buy a stock CFD and its price goes down, you will need to borrow money from the broker to keep the position open. This makes the instrument a risky option that is not suitable for beginners.
Is Robinhood available in Singapore?
No, the US-based stock trading app Robinhood is not available in Singapore.
