Cheapest Brokerages for Investments in Singapore


phone with stocks trading

Whether you’re a seasoned trader or a newbie looking to dip your toes in the murky waters, all investors want to maximize their returns. Meaning that for every dollar invested, one would hope that they get more back at the end of the day. However, there are a few costs associated with investing that can reduce your returns. 

First is that investment is a risk. By nature of the stock market, you may not always make a profit. Stock prices drop, recessions happen, and things may not always go your way. There are ways to go about this such as investing in blue-chip stocks. A blue chip is essentially a share in a publicly-traded enterprise with a national or international reputation for quality, reliability, and the ability to operate profitably in good and bad times. This means that while it will ebb and flow from time to time depending on the state of the market, generally it proves beneficial for those who invest in it. 

Second is that the cost of trading itself can be high. To trade on any exchange you need to have a broker who will buy and sell stocks on your behalf. Naturally, you will need to set aside some money for this broker, as they will be the ones doing all the legwork and will charge you accordingly. Brokers and brokerages can charge by percentages or flat rates per trade. While this may seem low at first glance and you may think that the price differences are negligible, if you plan on trading in the long run or investing a large amount, tenths of a percent can become thousands of dollars. 

There are so many trading platforms and brokerages for you to choose from depending on your investment needs and financial situation. If you’re a thrifty investor and what the cheapest of the cheapest, we got you. 

If you’re looking for the truly cheapest commission rates so you can get the best bang for your buck, take a look at uSMART. uSMART currently boasts the lowest commissions, coming in at only 0.02%. The user experience is also one of the best on the market, with features like Buy-Low and Sell-High. These allow you to set a price at which you wish to buy or sell a stock, and automatically authorize the transaction once it is hit.

If you’re a new trader that doesn’t plan on actively trading, investing with Syfe Trade may be the way to go. First, you have five free trades a month. This means that you can buy or sell stocks (in any quantity, even up to thousands of dollars worth) for free, 5 times a month. After the introductory offer of 5 free trades per month, each trade thereafter only comes in at USD0.99. Syfe Trade also allows you to trade fractionally. This means that if you can’t fork up over USD130 for an Apple stock, that’s no issue. You can buy a fraction of the stock instead with whatever you are comfortable with investing. 

Last but not least, is a long time favorite: Tiger Brokers. While not the utmost cheapest (that trophy goes to uSMART) Tiger Brokers is great for large market access. If you’re looking to trade in China, HK, US, Australia, and Singapore, to diversify your portfolio this may be the place. For the market reach it has, Tiger Brokers is one of the cheapest commission rates on the market. It also offers more trading options like stocks, options, bonds, and many more types of investment.

For more information on investments and the best brokerages, head on over to our comprehensive guide on investing in Singapore. 

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