The Top 10 Investment Brokers in Singapore for Every Investor and Budget
No Time to Read? Here’s a Snappy Summary of This Article
- Diverse Options: Explore 10 top investment brokers in Singapore, offering choices for all investors, no matter your budget.
- Personalized Guidance: Get tailored advice from experts to make informed investment decisions and maximize your returns.
- User-Friendly Platforms: Access intuitive online tools and platforms for seamless trading experiences, even for beginners.
- Competitive Fees: Find brokers with competitive commission rates, ensuring your investments grow without excessive costs.
- Robust Research: Access in-depth market analysis and research resources to stay ahead in the investment game.
- Flexible Investment: Discover brokers that accommodate various asset classes, from stocks and bonds to cryptocurrencies, for your diversified portfolio.
Table of Contents
Introduction
Investing is a smart way to grow your wealth and achieve your financial goals. However, investing can also be daunting and confusing, especially for beginners. That’s why you need a reliable and trustworthy investment broker to help you navigate the markets and execute your trades. An investment broker is a platform or service that allows you to buy and sell various financial instruments, such as stocks, bonds, ETFs, mutual funds, forex, and more. There are many factors to consider when choosing an investment broker, such as fees, commissions, trading tools, customer service, security, and product range. To help you find the best investment broker for your needs, we have compiled a list of the top 10 best investment brokers in Singapore that you should check out.
#1 – Saxo Markets
Introduction:
The opportunities in the global capital markets are open to everyone. And we believe that everyone has the ability to turn their dreams for the future into reality. That’s why they’re focused on helping you invest and trade well.
Get access to over 71,000 financial products, plus everything you need to make an informed decision about putting your plans into action. Everything you need to navigate the global markets is at your fingertips in the Saxo platforms. Choose from a wide choice of financial products and hundreds of different ways to trade and invest.
Type of Services:
- Trading platforms
- Connectivity & APIs
- Third-party tools
- Securities lending
- Margin lending
Location:
88 Market Street CapitaSpring #31-01, Singapore 048948
Contact: +65 6303 7788
Website: Website Link Here
#2 – Tiger Brokers
Introduction:
Tiger’s platform is convenient, easy to use, and provides a rich range of securities. Tiger’s commissions are among the lowest in the industry. The one-stop solution provides services such as system connection, trading, market data clearing, custody and statements/reports for professionally licensed securities firms. Introducing brokers clients must hold the licenses required by the corresponding countries and regions.
Tiger Brokers supports the opening of a master-sub-account structure for the same legal entity, and the accounts can independently set up permissions for user security tokens, funds transfers, transactions, and risk control restrictions. Tiger Brokers provides independent trading, risk control, clearing, and billing services for each single account.
Type of Services:
- Capital Market Services
- Statements/Reportsing Services
- System support
- Capital Market Services
- Wealth management services
- Statements/Reportsing Services
- Third-party Service Provider
Location:
1 Raffles Place 35-61, Tower, #2, 048616
Contact: 6331 2277
Website: Website Link Here
#3 – Interactive Brokers
Introduction:
Now in its 46th year, Interactive Brokers is one of the premier securities firms, with over $12.7 billion in equity capital.IBKR conducts its broker/dealer business on over 150 market destinations worldwide. In its broker dealer agency business, IBKR provides direct access (“online”) trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, currencies, bonds, gold, crypto* and funds worldwide. Interactive Brokers Group and its affiliates execute approximately 1,865,000 trades per day.
Interactive Brokers offers the lowest commissions and access to stocks, options, futures, currencies, bonds and funds from a single unified platform . If an exchange provides a rebate, they pass some or all of the savings directly back to you. When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times. Their strong capital position, conservative balance sheet and automated risk controls are designed to protect IBKR and their clients from large trading losses.
Type of Services:
- Global Analyst
- Portfolio Analyst
- Bonds Marketplace
- Mutual Funs Marketplace
- Third-Party Integration
Location:
Asia Square Tower 1, Marina View, #40-02A 8, 018960
Contact: 6923 5600
Website: Website Link Here
#4 – Webull Singapore
Introduction:
Incorporated in 2021, Webull Securities (Singapore) Pte. Ltd. is regulated by the Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) Licence under the Securities and Futures Act 2001.
Leveraging on their wide global presence, they aim to create an efficient, low-cost and easy-to-use global asset distribution platform for the APAC region.
They will continue their success story in Singapore by offering an all-in-one self-directed investment platform that provides quality user experience and advanced tools and services. Their key features include low-cost trading, free real-time quotes, full extended hours trading and 24/7 in-app help centre.
Learning, Sharing, Investing. Webull Singapore will create a community for like-minded investors, educating and empowering them with the best-in-class tools and information to make better investment decisions.
Type of Services:
- Moneybull
- Regular Savings Plan
- Trading in US Markets
- Mutual Funds
- Margin Trading & Short Selling
Location:
182 Cecil Street, Frasers Tower #31-02, Singapore 069547
Contact: +65 6013 3322
Website: Website Link Here
#5 – City Index
Introduction:
City Index is a trading name of StoneX Financial Pte. Ltd. (“SFP”) for the offering of dealing services in Contracts for Differences (“CFD”). SFP holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore for Dealing in Exchange-Traded Derivatives Contracts, Over-the-Counter Derivatives Contracts, and Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign Exchange Trading. SFP is also both Derivatives Trading and Clearing member of the Singapore Exchange (“SGX”). SFP is a wholly-owned subsidiary of StoneX Group Inc.
The information provided herein is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to invest, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk.
The information does not represent an offer of, or solicitation for, a transaction in any investment product. Any views and opinions expressed may be changed without an update. To understand the risks and costs involved, please visit the section captioned “Important Information” and the “Risk Disclosure Statement”.
The information herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.
Type of Services:
Location: 1 Raffles Place, #12-62 One Raffles Place – Tower 2 Singapore 048616
Contact: +65 6309 1000
Website: Website Link Here
#6 – CMC Markets
Introduction:
A leading global provider of CFD and FX, the CMC Markets group was first founded in 1989 in London, and now service more than 75,000 clients worldwide. Its success was founded on the ability to deliver a wide range of trading products to customers, from equities to indices, currencies, commodities, treasuries and forwards, and they are proud to have pioneered the development of online trading in markets around the world.In 2023, the group incorporated a new entity, CMC Markets Singapore Invest Pte. Ltd. (trading name “CMC Invest”) to offer stockbroking in Singapore. CMC Invest is authorised and regulated by the MAS to deal in listed securities, ETFs, and exchange-traded-derivatives contracts.
Type of Services:
Location: 9 Raffles Place, #30-02 Republic Plaza Tower I Singapore, 048619 Singapore
Contact: +65 6559 6000, 1800 559 6000, [email protected]
Website: Website Link Here
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Read Also:
Top Best Robo Advisors for Investments in Singapore_
#7 – uSMART SG
Introduction:
uSMART Securities (Singapore) Pte. Ltd (uSMART SG),is a leading securities company regulated by MAS and they hold a Capital Markets Services (CMS) License under the Securities and Futures Act 2001. They provide smart, professional and outstanding one-stop financial services to their clients, to best serve investors’ needs and investment journey.
Type of Services:
Location: 3 Phillip Street #12-04, Singapore, Singapore
Contact: Customer Service: +65 6303 0663; +65 3135 1599, [email protected]
Website: Website Link Here
#8 – ProsperUs by CGS-CIMB
Introduction:
ProsperUs came about when Carol Fong, the Group CEO of CGS-CIMB, decided in 2019 that it was time for CGS-CIMB to “disrupt theirselves before they are disrupted”. With the rise of FinTechs, she wanted CGS-CIMB to find new ways of doing business to remain relevant to the new generation of investors. A group of millennials heeded the call and “The Millennial Strategy” became a mantra that would shape and guide their business plans.
ProsperUs was “born” in Nov 2020, with the brand name a deliberate play on the words “prosperous” and “prosper with us”. It embodies their investing ethos of building long-term sustainable wealth. As they millennials like to say, FIRE “Financial Independence, Retire Early”.
CGS-CIMB has had a long history and heritage in the capital markets, starting over 40 years ago in 1979 as GK-Goh Securities, and evolving today into a leading regional financial services provider. Leveraging on the experience and wealth of knowledge in the organization, combined with the passion of a millennial squad, they strive to make multi-asset investing accessible and easily-understandable for young investors looking to get started.
Their purpose statement is “empower individuals and communities to make better investment decisions for a sustainable future” and this leads to their commitment to bring investor education to the forefront of ProsperUs and everything that they do.
Location: 10 Marina Boulevard, Marina Bay Financial Centre Tower 2, #09-01, Singapore, Singapore
Contact: [email protected]
Website: Website Link Here
#9 – DBS Vickers Online Trading
Introduction:
They seek to “Make Banking Joyful” – by leveraging digital technologies and embedding theirselves seamlessly into your lives to deliver simple, fast and contextual banking solutions and experiences. They are here for the long term, with a view to enrich lives, transform businesses and drive sustainable outcomes.
A purpose-driven bank
Being purpose-driven is part of their DNA. From the time of DBS’ and POSB’s founding as the Development Bank of Singapore and “People’s Bank” respectively, they have believed in the importance of good citizenship. Building on this illustrious heritage, DBS has continued to reinvent theirselves over the years with a view to creating a more sustainable bank.
They are focused on three sustainability pillars: (i) Responsible banking (ii) Responsible business practices and (iii) Creating social impact.
Type of Services:
Location: Branch
Contact: 1800 111 1111
Website: Website Link Here
#10 – FSMOne
Introduction:
Incorporated in the year 2000 in Singapore, Fundsupermart.com (“FSM”) is the Business-to-Consumer (B2C) division of iFAST Financial Pte Ltd (“iFAST Singapore”).
With the FSMOne account, FSM provides a comprehensive range of investment products and services, with over 1,600 funds and over 900 bonds, including retail bonds and Singapore Government Securities, FSM Managed Portfolios (MAPS), Singapore, Hong Kong, US-listed stocks and Exchange Traded Funds (ETFs), insurance products, and estate planning services. FSMOne.com also has research articles and multiple tools on its website and mobile application that can help investors zoom in on investment ideas. The investor community can visit the FSMOne.com website for their transactional and investment information needs. The FSM mobile application (“FSM Mobile”) can also be used for transactional purposes, and can be downloaded on Apple App Store and Google Play.
iFAST Singapore is the Singapore subsidiary of SGX-ST Mainboard-listed iFAST Corporation Ltd (“iFAST Corp”), which was listed in December 2014. iFAST Corp is also present in Hong Kong, Malaysia, China and United Kingdom. One of iFAST Corp’s shareholders is SPH Invest Ltd. (previously known as SPH AsiaOne Ltd.), a wholly-owned subsidiary of Singapore Press Holdings Ltd, a Singapore-incorporated company listed on the Mainboard of the SGX-ST. iFAST Singapore holds the Capital Market Services licence and the Financial Advisers licence, issued by the Monetary Authority of Singapore, and is also a Central Provident Fund-registered Investment Administrator and a Depository Agent of The Central Depository (Pte) Limited (“CDP”). iFAST Singapore is also a Trading Member of SGX-ST and a Clearing Member of CDP.
iFAST Corp’s mission statement is, “To help investors around the world invest globally and profitably”. In the Singapore Governance and Transparency Index (SGTI) released from 2016 to 2019, iFAST Corp has been ranked within the top 15% among SGX-listed companies. iFAST Corp won the “Best Investor Relations – Silver Award” and “Best Investor Relations – Bronze Award” in the Companies with less than S$300 million in market capitalisation category at the Singapore Corporate Awards held in 2018 and 2019 respectively. The Group’s Chief Financial Officer, Mr Leung Fung Yat David, was also awarded “Best Chief Financial Officer” in the Companies with less than S$300 million in market capitalisation category at the Singapore Corporate Awards 2019. iFAST Corp was selected as one of the 36 listed companies to be included in 2019’s SGX Fast Track programme, which aims to affirm listed issuers that have been publicly recognised for high corporate governance standards and have maintained a good compliance track record.
Type of Services:
Location: 10 Collyer Quay #26-01, Ocean Financial Centre, Singapore 049315
Contact:
Hotline: +65 6557 2853,
Dealers’ Night Desk: +65 6439 8007
Email: [email protected]
Website: Website Link Here
Conclusion
There are plenty of investment brokers in Singapore to help you navigate this financial playground. In fact, I’ve got the inside scoop on the top 10 investment brokers that cater to every investor, no matter the size of your wallet. Tropika Club Magazine has its own take on this. They’re like the investment connoisseurs who’ve tasted all the flavors and can tell you which ones are worth savoring. According to them, these brokers aren’t just great—they’re essential for anyone serious about investing in Singapore.
The top 10 investment brokers in Singapore, tailored to suit every investor and budget. Whether you’re aiming to grow your wealth or simply looking for a secure financial future, these brokers have your back. Remember, the key to successful investing is knowledge and a dash of courage. Happy investing!
FAQ FOR THE TOP 10 INVESTMENT BROKERS IN SINGAPORE FOR EVERY INVESTOR AND BUDGET
Q: What criteria were considered when selecting the top 10 investment brokers in Singapore?
A: Their selection was based on factors such as diversity of investment options, personalized guidance, user-friendly platforms, competitive fees, robust research resources, and flexibility in investment choices.
Q: Do these investment brokers offer services for beginners, or are they more suited for experienced investors?
A: These investment brokers cater to a wide range of investors, from beginners to seasoned professionals. They offer services and guidance tailored to individual needs.
Q: Are there any hidden fees associated with these top investment brokers?
A: They’ve taken fees into consideration, and these brokers are known for their competitive fee structures, providing transparency to investors.
Q: Can I invest in cryptocurrencies through these brokers?
A: Yes, some of the top investment brokers on our list offer access to cryptocurrencies, allowing you to diversify your portfolio.
Q: Do these brokers provide educational resources for investors looking to enhance their knowledge?
A: Absolutely! Many of these brokers offer extensive research materials and educational resources to help investors make informed decisions.
Have a Place to Recommend?
Your contribution is valuable to us! Are there any outstanding businesses that you believe should be added to our list? If so, please send your recommendations to us at [email protected]. Tropika Club will review your suggestions and update the list accordingly. Thank you for your help in making our list of businesses as comprehensive and accurate as possible.
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