The Best 10 Stock Trading Platform Providers in Singapore
If you live in Singapore and want to trade online, you must find a reputable platform. Your preferred trading platform must support your preferred market, whether it is stocks, commodities, forex, or even cryptocurrency. It must also have at least one regulatory license and offer competitive commissions and spreads. In this guide, we will look at the top trading platforms in Singapore for 2022.
When looking for the best trading platforms in Singapore, you should consider a number of key metrics. Trading assets, fees, spreads, and commissions, payment methods, and, of course, regulation should all be prioritized. To save you hours of research, we’ve reviewed the best trading platforms in Singapore below.
1. City Index
Image Source: City Index
One Raffles Pl, #12-62, Tower 2 One, Singapore 048616
|CONTACT DETAILS||+65 6826 9988|
They understand that in order to succeed in the markets, you must be supported by the right partner and platform. As one of the world’s financial services leaders, they’ve remained at the forefront of the industry by consistently providing their customers with the choice, value, and insight they require to achieve their objectives.
For the past 40 years, they have been investing in technology. As a result, regardless of market volatility or sentiment, you can rely on an intuitive platform to deliver fast, reliable execution. Their technology is designed to empower you to seize trading opportunities and master market forces by providing exclusive trading tools such as SMART Signals and Performance Analytics. They execute over 99% of your trades in under a second, allowing you to capitalize on trading opportunities in fast-moving markets.
For four decades, City Index has been a leading provider of financial services. They’ve seen it all, from new, surging asset classes that garner global attention to market crashes and pandemic-inspired volatility, they’ve weathered every extraordinary event and been a mainstay in assisting their clients to capitalize on these opportunities.
- Welcome pack
- Trading platform tutorials
- Latest market news and analysis
2. Saxo Markets
Image Source: Saxo Markets
|ADDRESS||3 Church St, #30-00 Samsung Hub, Singapore 049483|
|CONTACT DETAILS||+65 6303 7800|
They help you get the most out of your money, whether you want to grow it slowly in low-risk assets or quickly profit from short-term price movements. Create your ideal portfolio and put your strategy into action with the help of platform tools. For you, they source the best products on the market. As an independent provider of these services, they can provide unbiased assistance to help you achieve your objectives, not theirs.
The Monetary Authority of Singapore has granted Saxo Capital Markets Pte Ltd (Saxo Markets) a capital markets services licence. Your funds will be protected to the same extent as required by applicable regulations in your jurisdiction.
Their technology connects businesses of all sizes to global exchanges. Their capital markets solutions are used by banks, brokers, financial advisors, fintechs, and other partners to provide trading and investment services to their clients.
- Self-managed trading & investing
- Asset management
- Expert insights
3. Tiger Brokers
Image Source: Tiger Brokers
|ADDRESS||50 Raffles Pl, #29-04 Singapore Land Tower, Singapore 048623|
+65 6950 0591 , +65 6331 2277
Tiger employs cutting-edge technology to allow clients to trade a diverse range of securities across multiple global markets and currencies. Tiger Trade, Tiger’s flagship mobile trading APP, allows clients to trade equities in the United States, Hong Kong, Singapore, and Australia, as well as futures, options, and funds. Tiger Brokers employs over 800 people and has offices in Singapore, New York, Beijing, Auckland, and Sydney. The company currently holds brokerage licenses in Singapore, the United States, New Zealand, and Australia. Tiger Brokers was listed on NASDAQ in March 2019 under the ticker TIGR.
In 2020, total trading volume will exceed $100 billion USD. One of Tiger Brokers key advantages over traditional brokerage firms is its proprietary and cutting-edge technology. They are a group of engineers and designers who strive to provide their customers with an unrivaled trading experience. The company is technologically oriented, with nearly half of its employees working in research and development. Tiger Brokers uses its own infrastructure and cutting-edge technology to facilitate trading across multiple currencies, markets, products, execution venues, and clearinghouses. They will continue to upgrade their comprehensive trading platform through a proprietary and robust backend system in order to offer new and innovative products and services to their users.
4. Interactive Brokers
Image Source: Interactive Brokers
|ADDRESS||40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960.|
|CONTACT DETAILS||1 (888) 919-0022|
Clients in over 200 countries and territories use a single unified platform to trade stocks, options, futures, currencies, bonds, funds, and other assets on 150 global markets. When you place your money with a broker, you must ensure that the broker is secure and can withstand both good and bad times. IBKR and their clients are protected from large trading losses by their strong capital position, conservative balance sheet, and automated risk controls.
Simply use your mobile device to trade global stocks, options, and ETFs. Their web-based Event Contract trading platform enables investors to trade on their knowledge or opinion about a specific question with a “yes or no” outcome. Their flagship desktop platform is designed for active traders and investors who trade a variety of products and need power and flexibility.
Image Source: moomoo
|ADDRESS||1 Raffles Quay North Tower #39-02, Singapore 048583|
|CONTACT DETAILS||+65 6439 1100|
Moomoo Technologies Inc. provides an online trading platform through the moomoo app. Securities, brokerage products, and related services are made available through the moomoo app by brokerage firms such as Moomoo Financial Inc., which is regulated by the Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd., which is regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited, which is regulated by the Securities and Futures Commission of Hong Kong (SFC), and Futu Securit (ASIC).
Margin trading entails interest charges and increased risks, such as the possibility of losing more than invested funds or the requirement to deposit additional collateral. Customers should consider whether margin trading is appropriate for them based on their investment objectives, experience, risk tolerance, and financial situation before trading on margin. Moomoo Financial Singapore Pte. Ltd. does not seek investors or market services in China or other countries.
Image Source: OANDA
|ADDRESS||50 Collyer Quay, Singapore 049321|
|CONTACT DETAILS||+65 6579 8289|
They have earned a stellar reputation over the last 25 years for their award-winning platforms, innovative trading education, and transparent pricing. The OANDA Trade platform is available on your desktop, browser, and mobile device. You can also open a position using MT4. They provide several order types, including guaranteed stop-loss orders (GSLOs).
The Exchange Rates API provides data on over 200 currencies. Receive daily averages, real-time (spot), tick-level, and forward rates automatically into your ERP, TMS, digital product, app, or website.
Indexes, forex, cryptocurrencies, commodities, metals, and bonds are among the global CFD instruments they provide. Foreign exchange rates compiled from top market data contributors. Globally trusted and used by major corporations, tax authorities, auditing firms, and individuals.
7. UOB kay Hian
Image Source: UOB kay Hian
|ADDRESS||8 Anthony Rd, #01-01, Singapore 229957|
|CONTACT DETAILS||+65 6535 6868|
They have established themselves as a trusted financial partner to a prestigious client base that includes institutions, large corporations, high-net-worth individuals, and retail investors, with over a century of history and distinction to their name. Their award-winning analysts, who are supported by a strong, dedicated research team, are in place to impart the deep market knowledge clients require to navigate today’s complex trading environments.
Their sophisticated tools and technology enable investors to trade across a wide range of securities, including stocks, bonds, unit trusts, futures, options, CFDs, and forex, while providing seamless access to multiple products and markets in each country. As a leading provider of financial services and solutions, they are fully committed to serving their clients and community with excellence and integrity.
At UOB Kay Hian, they have always prioritized the development and maintenance of strong relationships with their investors and analysts. They are committed to providing timely and reliable information so that their stakeholders and the investment community can understand their businesses, policies, and strategies.
8. Syfe Trade
Image Source: Syfe Trade
|ADDRESS||#11-01 11th Floor, The House Of Eden, 4 Robinson Road, Singapore 048543|
Their mission is to revolutionize how people invest and manage their money. Syfe provides simple, smart, and affordable financial solutions to anyone in the Asia-Pacific region who wants to grow their wealth. Invest in stocks and ETFs with ease. They help people make better investing decisions with their money by providing free monthly trades and powerful in-app discovery tools for insights and market data.
There is something for everyone, whether you want to invest in the world’s largest stock exchange or in your favorite Singaporean companies. Syfe Trade is a brokerage platform that allows you to invest in assets in the United States and Singapore at a low cost. Many investors want their portfolios to include investments in companies and industries in which they have faith. When trading in the US markets, Syfe Trade provides fractional share trading. With this, you can begin purchasing US stocks and ETFs for as little as $1, regardless of share price.
9. Phillip MetaTrader 5
Image Source: Phillip MetaTrader 5
|ADDRESS||250 North Bridge Road, #07-01 Raffles City Tower Singapore 179101|
|CONTACT DETAILS||+65 6538 0500|
The Phillip MetaTrader 5 is the most recent platform in the MetaTrader series. It’s no surprise that this is one of the most popular trading platforms in the world, with an auto trading function, advanced charting, and technical indicators for trading Forex and CFD (cryptocurrencies, indices, oil, and shares).
Trading Central indicators are now compatible with Phillip MetaTrader 5, and their capabilities range from daily analyst views to real-time candlestick pattern recognition, providing a plethora of trading opportunities that are accessible directly from your platform.
Simplifying traders decision-making processes. A team of professional and experienced technical analysts provides high-quality trade ideas. The Acuity Signal Centre combines experienced, human-led analysis with powerful AI technology to conduct in-depth market analyses while drawing on professional trading expertise to deliver transparent trade ideas that benefit both novice and advanced traders.
- Zero Commission & Low Spreads on CFD
- Access to automated trading
- Integrated with Trading Central Indicators
Image Source: ProsperUs
|ADDRESS||10 Marina Boulevard, Marina Bay Financial Centre Tower 2, #09-01 Singapore 018983|
Carol Fong, Group CEO of CGS-CIMB, decided in 2019 that it was time for CGS-CIMB to “disrupt themselves before they are disrupted.” With the rise of FinTechs, she desired that CGS-CIMB find new ways to do business in order to remain relevant to a new generation of investors. The call was answered by a group of millennials, and “The Millennial Strategy” became a mantra that would shape and guide their business plans.
ProsperUs is a digital investment service that provides you with access to a variety of asset classes across global markets. With just one account, you can invest anywhere in the world and at any time. Get up-to-date and curated market insights to help you make informed investment decisions.
That brings us to the end of our list of the best stock trading platform in Singapore! Have you made a decision on the service you want? If you answered yes, please explain your decision and the features of their services that you value.
Speak with an advertising consultant from one of Singapore’s leading advertising agencies before finalizing your stock trading platform ideas. With a little planning, you can maximize your visibility!