Scope: Retail and active investors in Singapore seeking a licensed brokerage for SGX, US, Hong Kong, or international stock trading.
Important: This article is for informational purposes only and does not constitute financial advice. Fees, rates, and product terms change regularly. Verify all details directly with each provider before making any financial decision.
Singapore investors can access a competitive range of MAS-licensed stock trading platforms covering SGX securities, US equities, Hong Kong stocks, and other international markets. As of 2024, more than 1.6 million CDP accounts were active in Singapore (SGX, sgx.com, Dec 2024). Choosing the right stock trading platform depends on your primary market, transaction frequency, and whether you require CDP or custodian settlement.
This guide compares five leading stock trading platforms licensed by MAS in Singapore, covering commission rates, market access, settlement model, and platform features.
Quick Summary
DBS Vickers is Singapore’s largest full-service broker by CDP account base, offering direct SGX settlement and a broad range of Singapore and regional markets from within the DBS banking ecosystem.
Tiger Brokers and Moomoo have disrupted the retail segment with near-zero commissions on US and HK equities, attracting younger and more active investors.
Interactive Brokers offers the widest global market access and the most sophisticated trading tools, making it the preferred stock trading platform for professional and active traders.
OCBC Securities and UOB Kay Hian remain strong options for investors who prefer traditional broker research alongside their existing bank relationship.
Top Picks at a Glance
| # | Category | Top Pick | Why It Stands Out |
| 1 | Best overall | DBS Vickers | Largest CDP-linked broker, SGX and regional markets, full equity research |
| 2 | Best for US equities | Moomoo Singapore | Near-zero US stock commission, lowest SGX minimum, advanced charting |
| 3 | Best for active and professional traders | Interactive Brokers | Lowest margin rates, 150+ markets, most advanced analytical tools |
| 4 | Best for ASEAN market access | UOB Kay Hian | Broadest ASEAN coverage including Thailand, Indonesia, and Malaysia |
Selection Methodology
Platforms were assessed on MAS licensing status, CDP or custodian settlement for Singapore securities, published commission rates, market-access breadth, and platform quality as at May 2026. Rates quoted are standard published rates; promotional rates are not included. All providers must hold a Capital Markets Services (CMS) licence from MAS.
Comparison Table (Last updated: May 2026)
| Broker | SGX Min. Fee | US Stocks Fee | CDP Settlement | Markets | Last Verified |
| DBS Vickers | SGD 25 or 0.28% | From USD 9.99 | Yes | SGX, US, HK, MY, JP | Jun 2025 |
| OCBC Securities | SGD 25 or 0.275% | From USD 9.99 | Yes | SGX, US, HK, MY | Jun 2025 |
| UOB Kay Hian | SGD 25 or 0.275% | From USD 9.99 | Yes | SGX, US, HK, MY, TH, ID | Jun 2025 |
| Moomoo Singapore | From SGD 0.99 | USD 0 (conditions) | Custodian | SGX, US, HK, AU | Jun 2025 |
| Interactive Brokers | SGD 2.50 or 0.08% | From USD 0.005/share | Custodian | 150+ markets globally | Jun 2025 |
Source: Individual provider websites. Verify rates and fees directly before making a decision.
How to Choose a Stock Trading Platform
The best stock trading platform depends on where you trade most, how frequently, and whether CDP settlement is a priority. Key factors to compare:
- CDP vs. custodian settlement: CDP settlement means shares are held in your name with SGX. Custodian accounts hold shares in the broker’s name and carry additional counterparty risk. For long-term SGX holdings, CDP settlement is generally preferred.
- Commission structure: Minimum fees matter more than percentage rates for small trades. For trades under SGD 10,000, the minimum fee dominates total cost; compare the minimum fee per trade rather than just the headline percentage.
- Market access: If you trade US, HK, or other international markets alongside SGX, check whether all your target markets are available on one platform to avoid maintaining multiple brokerage accounts.
- Research and tools: Traditional brokers provide analyst research reports and corporate access. Digital-first platforms such as Moomoo offer in-app news, earnings calendars, and social features.
- Margin rates: Active traders using leverage should compare margin interest rates. Interactive Brokers consistently publishes some of the lowest margin rates among Singapore-accessible brokers.
The 5 Best Stock Trading Platforms
1. DBS Vickers
Best for: Investors wanting CDP-linked SGX trading alongside DBS banking services and full equity research
Quick Facts:
- Provider: DBS Vickers Securities (Singapore) Pte. Ltd. | dbs.com.sg/global-financial-markets/investment-banking/equity-capital-markets
- SGX min. commission: SGD 25 or 0.28% (whichever is higher)
- US stocks: From USD 9.99 per order
- CDP settlement: Yes (shares registered in your name with SGX)
- Markets: SGX, US, HK, Malaysia, Japan, Thailand, and others
Pros:
- Largest CDP-linked broker in Singapore by account base, providing direct SGX settlement and full share ownership in your name.
- Integrated with DBS iWealth platform for portfolio tracking across investments and bank deposits in one dashboard.
- Full suite of equity research from DBS Equity Research and third-party research providers.
Trade-offs:
- Commission rates are higher than digital-first brokers for US and HK equities on a per-trade basis.
- Mobile app trading experience is functional but less feature-rich than newer fintech brokers.
Source: dbs.com.sg/global-financial-markets/investment-banking/equity-capital-markets (verify current brokerage fee schedule) | Last Verified: May 2026
2. OCBC Securities
Best for: SGX-focused investors wanting competitive commissions and a Blue Chip Investment Plan for dollar-cost averaging
Quick Facts:
- Provider: OCBC Securities Pte. Ltd. | ocbcsecurities.com
- SGX min. commission: SGD 25 or 0.275%
- US stocks: From USD 9.99
- CDP settlement: Yes
- Markets: SGX, US, HK, Malaysia, and others
Pros:
- OCBC Blue Chip Investment Plan (BCIP) allows investors to buy SGX blue-chip stocks from SGD 100 per counter per month, ideal for regular savings plans.
- Seamless fund transfer via OCBC iBanking with no inter-bank delay for existing OCBC customers.
- OCBC Investment Insights provides regular market commentary and equity research.
Trade-offs:
- US and HK trading commissions are comparable to DBS Vickers, not competitive with digital-first brokers.
- Advanced order types and charting tools are limited compared to Interactive Brokers.
Source: ocbcsecurities.com (verify current fee schedule) | Last Verified: May 2026
3. UOB Kay Hian
Best for: Investors needing the broadest ASEAN market coverage including Malaysia, Thailand, and Indonesia
Quick Facts:
- Provider: UOB Kay Hian Pte. Ltd. | utrade.com.sg
- SGX min. commission: SGD 25 or 0.275%
- US stocks: From USD 9.99
- CDP settlement: Yes
- Markets: SGX, US, HK, Malaysia, Thailand, Indonesia, and others
Pros:
- Widest ASEAN market access among Singapore traditional brokers, covering Bursa Malaysia, SET Thailand, and IDX Indonesia.
- UTRADE platform offers direct-market access and a range of order types for more active traders.
- Strong research coverage of ASEAN equities, particularly mid-cap regional companies.
Trade-offs:
- Online platform design is dated compared to newer fintech brokers.
- US and HK commissions are not differentiated from other traditional brokers in the same tier.
Source: utrade.com.sg (verify current fee schedule) | Last Verified: May 2026
4. Moomoo Singapore
Best for: Retail investors wanting the lowest SGX minimum commission and near-zero US stock trading fees
Quick Facts:
- Provider: Moomoo Financial Singapore Pte. Ltd. | moomoo.com/sg
- MAS CMS Licence: Confirmed (Jun 2025)
- SGX min. commission: From SGD 0.99
- US stocks: USD 0 commission (conditions apply; verify at moomoo.com/sg)
- CDP settlement: No (custodian model)
Pros:
- Lowest published SGX minimum commission among major Singapore stock trading platforms (from SGD 0.99).
- Advanced charting tools including Level 2 market data and technical indicators, available free on this platform.
- Paper trading feature allows beginners to practice stock trading without risking real capital.
Trade-offs:
- Custodian settlement model means SGX shares are not held in your CDP account.
- Near-zero US commission has conditions; verify eligibility and duration of any current promotions at moomoo.com/sg.
Source: moomoo.com/sg (verify current fee schedule and promotions) | Last Verified: May 2026
5. Interactive Brokers
Best for: Professional and active traders requiring the widest global market access and lowest margin borrowing rates
Quick Facts:
- Provider: Interactive Brokers Singapore Pte. Ltd. | interactivebrokers.com.sg
- MAS CMS Licence: Confirmed (Jun 2025)
- SGX min. commission: SGD 2.50 or 0.08%
- US stocks: USD 0.005 per share (USD 1 minimum)
- CDP settlement: No (custodian model)
Pros:
- Access to 150+ global markets including stocks, options, futures, bonds, FX, and commodities on a single platform.
- Published margin interest rates are among the lowest available to retail and professional traders in Singapore.
- IBKR GlobalAnalyst and portfolio analytics tools provide some of the most sophisticated analysis available to retail-access platforms.
Trade-offs:
- Platform complexity and professional-grade interface can be overwhelming for beginners.
- Custodian model only; no CDP settlement for Singapore securities.
Source: interactivebrokers.com.sg (verify current fee schedule) | Last Verified: May 2026
Best Stock Trading Platforms by Use Case
Best stock trading platform for long-term SGX investors (CDP settlement)
DBS Vickers, OCBC Securities, and UOB Kay Hian all provide CDP settlement for SGX securities, ensuring shares are registered directly in your name with SGX.
Best stock trading platform for US equities at low cost
Moomoo Singapore offers near-zero US commission under promotional conditions; Interactive Brokers charges USD 0.005 per share at the standard rate, both of which are competitive for frequent US traders.
Best stock trading platform for ASEAN market access
UOB Kay Hian provides the broadest ASEAN coverage, with direct access to Bursa Malaysia, SET Thailand, and IDX Indonesia alongside SGX.
Best stock trading platform for professional and active traders
Interactive Brokers offers 150+ global markets, the lowest published margin rates, and the most advanced analytical tools, making it the top choice for professional and high-frequency stock trading.
Best stock trading platform for beginners
Moomoo’s paper trading feature, in-app education content, and low minimum commission make it a strong starting point for new investors entering the market for the first time.
Frequently Asked Questions
What is a CDP account and do I need one for stock trading in Singapore?
The Central Depository (CDP), operated by SGX, holds SGX-listed shares in your name. A CDP account is needed if you use a traditional broker for SGX trading. If you use a custodian broker (Moomoo, Interactive Brokers), shares are held in the broker’s name. Open a CDP account at cdp.sgx.com.
Are all stock trading platforms in Singapore regulated by MAS?
Any entity providing securities trading services to Singapore investors must hold a Capital Markets Services (CMS) licence from MAS. Verify the licence status of any platform at mas.gov.sg before depositing funds.
Is stamp duty applied to stock trading in Singapore?
As of May 2026, there is no stamp duty on the purchase or sale of SGX-listed equities. Stamp duty applies to unlisted share transfers. Confirm the current tax treatment at iras.gov.sg before trading.
Can I use SRS funds for stock trading?
Yes. SRS funds can be used to invest in SGX-listed securities through licensed brokers. Gains from SRS investments are taxed at the concessionary rate upon withdrawal. Confirm the current SRS-approved investment list with your SRS operator.
What is the minimum trade size on SGX?
SGX shares are traded in board lots of 100 units. The minimum investment equals the share price multiplied by 100. Some brokers offer odd-lot or fractional share trading for smaller amounts in blue-chip stocks; confirm availability with your broker.
Stock trading involves risk, including the potential loss of principal. Commission rates are subject to change; verify with each broker before opening an account. All information last verified May 2026 (MAS, mas.gov.sg; SGX, sgx.com). This article does not constitute financial advice.