5 Best Stock Brokerages in Singapore (2026) — Webull, moomoo, IBKR, Tiger & Saxo Fees Compared

MAS-licensed (Capital Markets Services). Webull removed both commission and platform fees on US stocks and ETFs from 21 May 2026, with no conditions on volume, trading frequency or account size — the simplest zero-cost US structure on this list, since moomoo still adds US$0.99 per order after year one and Tiger charges commission plus a platform fee on every trade. SG stocks are S$0 commission for the first year for new clients, then 0.025% with a S$0.80 minimum. Level 2 US market data is free (T&Cs apply). The app is fast, the charting is good and the options chain is reasonable. The trade-off is custody: Webull is custodian-only, with no CDP linkage, so SGX shares sit under Webull's nominee structure rather than in your own name — worth weighing if you plan to hold Singapore blue chips or REITs for a decade. Best for: US-focused investors who want the lowest running cost with the fewest asterisks.

Futu Holdings subsidiary, MAS-licensed (CMS101000). Its US-stock commission has been permanently US$0 since 13 April 2022 — a standing rate, not the 12-month promo it is often described as. What does expire is the platform-fee waiver: after your first free year, that costs US$0.99 per order. SG stocks are commission-free for the first year for new users. The bigger 2026 story is that moomoo now supports direct CDP account linkage, and unlike Tiger you can both buy and sell through CDP — 0.10% commission (min S$4.99) plus 0.12% platform fee (min S$4.99), roughly S$9.98 a trade against the S$25–28 bank brokers charge. That means you can hold SGX shares in your own name and still use the same app for zero-commission US trading on the custodian side. Linking takes 1–3 business days and is free. The app is the slickest here — strong charting, options analytics, in-app sentiment feed — and there are three walk-in stores at 313@somerset, Jem and Bugis. Best for: investors who want zero-commission US trading and a genuine CDP option in one app.

Global broker, MAS-licensed via Interactive Brokers Singapore Pte Ltd. The big change since this guide first ran: IBKR brought its Lite plan to Singapore retail investors in August 2025, so US exchange-listed stocks and ETFs priced at US$1.00 or above now trade at US$0 commission, with no platform or settlement fees and no minimums, in both regular and extended hours. Lite is open to individual, joint and trust accounts, cash or margin (standalone trusts with corporate trustees are excluded). If you want the full professional toolset instead, IBKR Pro Tiered is US$0.0035/share with a US$0.35 order minimum, dropping to US$0.0005/share above 100 million shares a month, while Pro Fixed is US$0.005/share with a US$1 minimum — still the cheapest serious pricing at size. Either plan gets you 150+ markets in one account: London, Tokyo, Hong Kong, Frankfurt, Sydney, plus bonds, futures and funding in 28 currencies including SGD. Two caveats: the platform is powerful but genuinely clunky next to moomoo and Webull, and SGX shares are held by IBKR as custodian, not in CDP. Best for: investors who want free US trading with no promo clock, and anyone who needs global markets in one account.

MAS-licensed since 2020, backed by NASDAQ-listed UP Fintech. Tiger still offers the broadest single-account coverage here — US, SGX, Hong Kong, China A-shares and Australian stocks, plus CPF and SRS investing, which the zero-commission apps do not match. What it is no longer is cheap for US stocks. Tiger charges commission *and* a separate platform fee on the same order: US$0.005/share (min US$0.99) commission plus US$0.005/share (min US$1) platform fee, so a small US trade costs about US$1.99 all-in at a moment when Webull and IBKR Lite charge nothing. SGX uses the same double structure — 0.03% commission (min S$0.99) plus 0.03% platform fee (min S$1), i.e. 0.06% with a S$1.99 floor. Where Tiger genuinely stands out is the separate Cash Boost Account: since 1 August 2024 it can be linked to your CDP account so you can sell CDP-held SGX shares for 0.10% commission (min S$4.99) plus 0.12% platform fee (min S$5) — about S$9.99 against the S$25–28 charged by the bank brokers — and it supports contra trading. Note this is for selling out of CDP; new Tiger purchases still settle into Tiger's custodian account. Best for: multi-market investors who want CPF/SRS and contra in one app, and anyone sitting on CDP shares they want to sell cheaply.

Danish-headquartered, MAS-licensed since 2006. Two corrections to claims repeated across Singapore comparison sites. First, Saxo does not link to CDP: its own support pages state that Singapore stocks bought through Saxo are held with its custodian, HSBC Singapore, and will not appear in your CDP account. Second, pricing is set by account tier — Classic, Platinum, VIP — not by platform; SaxoInvestor is simply the simplified interface, not a cheaper rate card. At Classic, US stocks are 0.08% with a US$1 minimum, so a US$10,000 trade costs US$8 rather than the flat US$1 often quoted; SGX is 0.08% with a S$3 minimum and Hong Kong is 0.08% with a HK$15 minimum. That is still dramatically below the bank brokers — Saxo's own comparison puts DBS Vickers at 0.30% with a US$20 minimum on US stocks — but it is no longer competitive with the zero-commission apps on plain US equities. Custody on SGX stocks and ETFs is free for Singapore residents; on other holdings it is 0% if you opt into securities lending and 0.12% a year if you opt out (0.06% at VIP). What you are really paying for is breadth: bonds, FX, futures, options, CFDs and 20+ exchanges in one professional platform. Best for: investors who want bonds, FX and global equities in a single account — not people who only buy US shares.