Investors’ strategies have shifted due to the proliferation of best online brokerage singapore. Investors may now buy and sell stocks, bonds, and other financial products from the comfort of their own homes or offices, no matter where they happen to be in the world, thanks to the proliferation of online trading platforms. There is a wide variety of online trading platforms available to Singaporeans, each with its own set of tools, pricing structure, and level of service and support. If you’re looking for a reliable online trading platform in Singapore, this article can help you narrow down your options. To assist you choose the finest online trading platform for your needs, we’ll take a deeper look at the features and benefits of each platform as well as their fees and customer care.
DBS Vickers Online Trading
Singaporean investors like DBS Vickers Online Trading because of the extensive selection of stocks, bonds, ETFs, and REITs it provides (REITs). Investors can use the stock quotes, market news, and financial data provided by this online trading platform to assist them make educated investing selections.
There is a minimum fee of SGD 25 for online trades made through DBS Vickers Online Trading, and the brokerage fee is 0.18%. The platform also offers a cash upfront trading account, which can be used to make trades with the cash on hand without incurring any interest fees. Customers that utilize DBS Vickers Online Trade can contact the company via a toll-free number or an email address specifically for that purpose.
Saxo Markets
Saxo Markets, a famous Singaporean online trading platform, offers stocks, bonds, ETFs, options, futures, and currencies. Charting, technical analysis, webinars, and online courses are among the platform’s advanced trading features.
Saxo Markets charges SGD 10 for Singapore stocks and ETFs and a tiered cost for other investment products. The platform’s competitive margin rate lets customers borrow funds to trade. Saxo Markets offers phone, email, and live chat support 24/7.
IG Markets
IG Markets, a renowned Singaporean online trading platform, offers stocks, bonds, ETFs, options, futures, and currencies. The software has advanced trading capabilities like charting and technical analysis and a user-friendly layout.
IG Markets charges SGD 10 for Singapore stocks and ETFs and a tiered cost for other investment products. The platform’s competitive margin rate lets customers borrow funds to trade. IG Markets offers phone, email, and live chat support 24/7.
Phillip Securities
When it comes to Singaporean online brokerages, Phillip Securities is a longtime favorite. Stocks, bonds, ETFs, options, futures, and foreign exchange are just some of the investment vehicles it facilitates. The platform’s seminars and online courses, in addition to its research tools like market news and financial reports, make it stand out.
Phillip Securities has a tiered commission system, with the lowest fee being SGD 25 for trading Singapore equities and ETFs. Users can take advantage of the platform’s competitive margin rate to borrow money for trading purposes. Phillip Securities provides email and a toll-free number specifically for customer service inquiries.
FSMOne
FSMOne is a popular online trading platform in Singapore that offers a wide range of investment products, including stocks, bonds, ETFs, and unit trusts. There are no platform or custodial fees for trading Singapore stocks or ETFs, and the platform has a solid reputation for its low costs.
For Singapore equities and ETFs, the lowest commission fee you’ll pay when trading with FSMOne is SGD 10; for everything else, you’ll pay a commission based on the product’s value. Users can take advantage of the platform’s low margin rate.
Tiger Brokers
Located in Singapore, Tiger Brokers is a rapidly expanding online trading platform that provides access to a wide variety of financial instruments. There is a minimum commission of SGD 0.08 per share for trading Singapore equities and ETFs on the platform, earning it a reputation for being cost-effective.
Traders can take advantage of Tiger Brokers’ mobile app and its real-time market data wherever they go. In addition to being a place to do research (through market news and financial reports) and learn (via webinars and online courses), the platform also serves as a place to do so. When it comes to customer care, Tiger Brokers has you covered around-the-clock via phone, email, and live chat.
UOB Kay Hian
UOB Kay Hian is a well-liked Singaporean online trading platform that provides access to numerous financial instruments. The platform’s seminars and online courses, in addition to its research tools like market news and financial reports, make it stand out.
For Singapore stocks and ETFs, UOB Kay Hian’s minimum commission is SGD 25, while the commission for other investment products is structured on a sliding scale. Users can take advantage of the platform’s competitive margin rate to borrow money for trading purposes. When it comes to customer service, UOB Kay Hian offers a toll-free number and email address specifically for their clients.
Interactive Brokers
To trade stocks, bonds, ETFs, options, futures, and FX, among other investment possibilities, many Singaporeans use Interactive Brokers, a well-known online trading platform. When trading Singapore equities or ETFs, the platform’s minimum commission is just SGD 1.
The research tools provided by Interactive Brokers include market news and financial data, in addition to more sophisticated trading tools like charts and technical analysis. Webinars and other online courses are also available to users on the platform. If you have any questions or concerns, you may contact Interactive Brokers via phone, email, or live chat at any time.
POEMS
The Phillip Online Electronic Market System (POEMS) is a widely used online trading platform in Singapore where investors can buy and sell stocks, bonds, ETFs, options, futures, and currencies, among other investment products. The platform’s seminars and online courses are well-known, and its market news and financial reports are highly-regarded research tools.
POEMS has a tiered commission structure, with the lowest rate being SGD 10 for Singapore equities and ETFs. When using the platform, users can take advantage of the platform’s competitive margin rate to borrow money in order to trade. POEMS offers a toll-free number and email address specifically for customer service inquiries.
Moomoo
Moomoo is an up-and-coming Singaporean internet trading platform that provides access to numerous financial instruments. The platform is popular due to its low commission rates, which start at just SGD 0.03 per share for Singapore equities and ETFs.
The intuitive mobile app that Moomoo provides enables trading on the go and provides access to live market data. Educational services such as webinars and online courses are also available on the platform, in addition to research tools such as market news and financial reports. Moomoo’s support staff is available by phone, email, and live chat at all hours of the day and night.
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Conclusion
In sum, any Singaporean trader serious about their money needs to carefully consider their options before settling on a single online trading platform. Due to the abundance of alternatives, picking the best one might be difficult. Some of the best Singaporean online trading platforms we’ve checked out are DBS Vickers Online Trading, Saxo Markets, IG Markets, Phillip Securities, FSMOne, Tiger Brokers, UOB Kay Hian, Interactive Brokers, POEMS, and Moomoo. You can choose the finest platform for your needs by comparing its features, pricing, and customer service. Whether you are a complete investment newbie or a seasoned pro, you may find a suitable online trading platform in Singapore to assist you reach your objectives.
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