Tracking stock trading activities in Singapore can be a challenge, especially if you are a trader who is always on the move. For this reason, it is advisable that you download and install a stock trading app on your mobile device to manage your activities regardless of where you are. However, identifying the best stock trading apps in Singapore can be an uphill climb. That is why we decided to recommend the top 6 based on our extensive research.
In this guide, you will also learn to choose a suitable app for stock trading that will give you the best experience. So, let’s dive straight in.
In this guide
Best Stock and CFD Trading Apps in Singapore
Compare Best Stock Trading Apps in Singapore of 2023
- 1. TD Ameritrade – Overall Stock Trading App in Singapore
- 2. Saxo Markets – Best Stock Trading App for Beginners in Singapore
- 3. CMC Markets – Stock Trading App with Zero Commissions in Singapore
- 4. IG Markets – Best Trading App for Stock Copy Trading in Singapore
- 5. Plus500 – CFD Stock Trading App for Android Users in Singapore
- 6. Interactive Brokers – Best Stock Trading App for iOS Users in Singapore
- How to Choose the Best Stock Trading App in Singapore
How we test?
OnlineTrading aims to provide quality, simple, and proven information to its readers. Our team of financial experts carefully checks every detail to provide a unique and comprehensive guide to safe trading around the world.
Feedback from regular users is very important to us, so we try to consider the opinions of reviews and feedbacks from several trusted platforms. We spend about 100 – 250 hours analysing and collecting information on each trading platform to ensure our recommendations are reliable.
Naturally, we always remain impartial, honest and recommend only licensed and reliable brokers.
Compare Best Stock Trading Apps in Singapore of 2023
Our list of recommendations included stock trading apps in Singapore that have been tested and reviewed by our experts. We spent hours in research, ensuring that they met our requirements. Some of the elements we looked into were licences or regulations, platforms, trading charges, customer service, and more.
Our experts also analysed user comments and ratings on Google Play, App Store, and Trustpilot. The findings from these two research processes were combined to recommend accurate results. Check below an overview of how we rated stock trading apps in Singapore.
1. TD Ameritrade – Overall Stock Trading App in Singapore
TD Ameritrade stock trading app in Singapore has an easy to use and intuitive design user interface. The app also has customisable features, allowing all traders to benefit from it. It is regulated in Singapore by the Monetary Authority of Singapore (MAS) and secures your trading funds in a separate account.
This stock trading app in Singapore supports stock traders with excellent tools for trading, including expert advisors and automated platforms like Thinkorswim. It is easy to reach your full trading potential if you make use of these tools. Learning has also been made easy with its world-class educational content.
There is no minimum deposit required when creating a real stock trading account. All transactions are made free of charge via bank transfers, e-wallets, or debit and credit cards. Once you log in, you will access over 4,000 share markets to trade with.
- Plethora of stock trading assets.
- User-friendly and customisable platform.
- Low stock trading charges.
- High financing costs.
- Expensive advanced features like Robo-advice and managed portfolios.
2. Saxo Markets – Best Stock Trading App for Beginners in Singapore
Saxo Markets’ app, SaxoTraderGO, has user-friendly features to give newbies an exceptional experience. In addition, you can access more than 19,000 stocks in over 40 global markets. This allows newbies to explore diverse stock markets in order to reach their trading potential.
SaxoTraderGO has a minimum deposit requirement of $500, with zero charges on transactions. Stock trading attracts low fees, which allows you to trade across multiple stock markets and increase your profit potential. Beginners can fully benefit from Saxo’s learning resources, including a demo account loaded with $100,000 virtual funds for practising.
Conducting research on the stock markets requires excellent materials, which you can access on Saxo. As a result, you will easily manage your activities on the go. In case of any occurring trading issues, be sure to reach out to its dedicated customer service. Communication is allowed via phone, email, or live chat on weekdays only.
- More than 19,000 stocks.
- Fast order execution speed.
- World-class learning resources.
- High minimum deposit required.
- Five days a week customer service.
3. CMC Markets – Stock Trading App with Zero Commissions in Singapore
CMC Markets is a pioneer stock trading app in Singapore with one of the lowest spreads, starting from 0.1 pips. This allows active traders like day traders and swing traders to trade multiple times without digging so much into their nest egg. Moreover, the app charges spread only for trading stocks, so do not expect to pay commissions.
There are over 9,000 shares to trade with across diverse global markets. CMC Markets doesn’t have a minimum deposit requirement, so you can deposit any amount you afford without paying deposit fees. Withdrawals are also free of charge, whether made via debit/credit cards, e-wallets, or bank transfers.
This app for stock trading in Singapore hosts excellent research materials for technical and fundamental analysis. This makes it easier for you to manage your activities on the go and increase your profit potential. Learning contents are also plenty, and newbies can quickly build their skills if they use them accordingly.
- Commission-free stock trading.
- No minimum deposit requirement.
- Diverse share markets access to profit from.
- Customer service is reachable five days a week.
- Two-step safe login not available.
4. IG Markets – Best Trading App for Stock Copy Trading in Singapore
When looking for a suitable stock trading app that hosts a copy trading feature consider IG Markets. With this app, you will mirror experts’ positions, increasing your chances of making profits. IG Markets also allows social trading whereby you can interact with other global stock traders and share ideas to become more skilled and independent.
You can easily create the best strategy for trading stocks with IG Markets if you are fully knowledgeable about stock trading. This is because the stock app for copy trading offers a plethora of top-quality research tools for market analysis. Beginners in Singapore can also build their skills quickly with the learning resources provided.
To get started at IG Markets, a minimum deposit of $250 is required. There are no transaction costs, and inactivity fees kick in after 24 months of the account’s inactivity. However, this stock training app for copy trading in Singapore has high stock trading fees. Therefore, it is up to you to decide whether the features of IG Markets are worth your investment.
- More than 13,000 global share markets to trade.
- Impeccable research and learning resources.
- Dedicated and reliable customer service.
- High stock trading charges.
- The minimum deposit requirement is high.
5. Plus500 – CFD Stock Trading App for Android Users in Singapore
Risk Warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Any Android user will enjoy managing their stock trading activities in Singapore with Plus500. The app is highly rated by users on Google Play, and this has made Plus500 earn multiple awards. The app is free to download and install. You will only make a deposit of at least $100 once you finish creating a live trading account.
Plus500 charges one of the lowest fees for stock trading. You will be required to pay spreads for CFD stock trading since the app doesn’t charge commissions*. Additionally, transactions are free of charge, which can be done using various modes of payments, including debit/credit cards, bank transfers, and e-wallets.
When it comes to Plus500 customer service, rest assured you are in excellent hands. The support service is entirely dedicated 24 hours every day to make sure you get the best solutions to the trading problems you may encounter. So feel free to reach out to them anytime, any day, via live chat and email.
- No commission for CFD stock trading*
- Thousands of stock assets to trade as CFDs
- 24/7 customer service
- No advanced stock trading platforms supported
- Inactivity fee applies after three months of no activity
*other fees may apply