The best broker for ETFs in Singapore depends on where the ETF is listed and how often you buy. For SGX-listed ETFs, a S$1,000 order costs from about S$0.50 to S$2.50 in commission at custodian brokers. For US-listed ETFs, several brokers charge US$0. For London-listed UCITS ETFs, the cheapest published option we found is Syfe’s scheduled buy orders at $0.
Investing can lose money. ETFs track markets, and markets fall. This page compares what brokers charge to buy ETFs. It does not suggest any fund.
How We Compared ETF Brokers
The measure: the broker’s commission plus platform fee, before GST and exchange fees, for one order of S$1,000 (SGX) or roughly US$1,000 (London), from each broker’s own pricing page in November 2026.
The list: MAS-licensed brokers that publish ETF fees we could read, and that are widely promoted to Singapore investors. Regular savings plans are included where the broker publishes the fee.
Left out: sign-up rewards and temporary waivers. Fund management fees (the ETF’s own expense ratio) are the same whichever broker you use, so we do not compare them here. Our ETF investing guide explains how to read them.
Best Broker for ETFs in Singapore: Cost Table
| Broker | S$1,000 SGX ETF order | Monthly plan for SGX counters | US-listed ETF order | London ETF order (about US$1,000) |
|---|---|---|---|---|
| uSMART Trader | S$0.50 | Not found | US$0.88 (promotional, see below) | About US$3.75 |
| Webull | S$0.80 | Not found | US$0 | Not listed on its pricing page |
| Tiger Brokers | S$1.99 | Auto-invest: S$1 on S$1,000 | US$1.99 | Not verified |
| moomoo | S$1.98 | Not verified | US$0.99 | Not verified |
| Syfe | S$1.98 | Not found | US$0 | US$1.99, or $0 on scheduled UCITS buys |
| Interactive Brokers | S$2.50 | Not found | US$0 (Lite) | 0.05%, minimum £3 (fixed pricing) |
| POEMS Cash Plus | S$0.80 | Share Builders Plan: 0.3% a year | US$0 | Not verified |
| Saxo | From S$3 | Not found | From US$1 | From £3, plus custody fee |
Notes on the figures:
- uSMART Trader lists 0.05% in total with no minimum on SGX trades. Its US$0.88 flat fee on US shares priced at US$40 or more is described in uSMART’s own terms as a promotion running to 30 November 2026.
- POEMS Cash Plus charges 0.08% with no minimum at its lowest tier. Its CDP-linked Cash Management account lists no minimum commission for SGX-listed ETFs, which matters if you want ETFs in your own CDP account.
- Tiger’s auto-invest plan for Singapore stocks lists no commission and a 0.03% platform fee with a S$1 minimum; check which SGX ETFs are eligible before you plan around it.
- London orders at uSMART cost 0.03% (minimum US$0.75) plus a 0.1% platform fee (minimum US$3) on US dollar-quoted lines, plus small exchange and clearing fees.
The short version: pick the market first (SGX, US or London), then compare minimum fees at your order size. On small regular orders, minimums matter more than percentages.
Worked Example: S$500 a Month Into an SGX ETF
Our illustration: S$500 a month into one SGX-listed ETF for 12 months, S$6,000 in total. Costs include SGX fees of 0.04% and 9% GST. Illustration only; it says nothing about returns.
- uSMART Trader: S$0.25 a month plus S$0.20 SGX fees, about S$5.90 a year (0.10%).
- Tiger auto-invest: the S$1 minimum platform fee plus S$0.20, about S$15.70 a year (0.26%).
- moomoo: S$1.98 plus S$0.20, about S$28.50 a year (0.48%).
- POEMS Share Builders Plan: charged on the portfolio, not the order. With an average of S$3,000 invested over the year, 0.3% would be S$0.75 a month, so the S$1 monthly minimum applies: S$12 a year plus GST (about 0.22%), plus any exchange fees. The fee keeps running in later years, even if you stop buying.
The differences look small. Over 20 years of buying, a 0.3% yearly drag adds up; our compound interest calculator lets you test it.
If You Want SGX ETFs in Your Own CDP Account
Custodian brokers are cheapest per order, but your ETF units then sit in the broker’s name. If you would rather hold them in your own CDP account, the CDP-linked accounts we checked cost more:
- moomoo CDP account: 0.10% commission plus 0.12% platform fee, each with a S$4.99 minimum, so S$9.98 on a S$1,000 order.
- Tiger Cash Boost: 0.10% plus 0.12%, minimums S$4.99 and S$5, so S$9.99.
- POEMS Cash Management: lists no minimum commission for SGX-listed ETFs, so the percentage rate applies even on small orders. Check the rate for your order size on its pricing page.
On S$500 a month, a S$10 fee is 2% of every purchase, so the choice matters most for small, regular buyers.
US-Listed vs London-Listed ETFs
US-listed ETFs are the cheapest to buy at several brokers, as our US stock broker comparison shows. Dividends from US sources paid to non-US investors are generally subject to 30% US withholding tax, according to the IRS.
London-listed UCITS ETFs cost more per trade at most brokers. Syfe’s page says they can halve US dividend withholding tax. How much is withheld depends on the fund’s domicile and the treaties that apply to it, set out in the fund’s documents, so check before you assume the saving.
Both need currency conversion. Brokers price that differently and not all publish it. Saxo, for example, also charges custody of 0.12% a year on non-SGX holdings unless you opt into securities lending.
Who This Comparison Does Not Suit
- People who want someone else to choose the funds. A robo-adviser builds and rebalances an ETF portfolio for a yearly fee.
- Leveraged or inverse ETF traders. These products reset daily and can lose value quickly; we do not compare brokers for them.
- CPF investors. Only some SGX ETFs are allowed under the CPF Investment Scheme; see our CPF Investment Scheme explainer.
For buying SGX shares in general, see our SGX broker comparison and the best investment platforms in Singapore.
What To Do Next
- Decide which market your ETF trades on before you choose a broker.
- Price your usual order size on two or three pricing pages, including exchange fees, GST and currency conversion.
- If you plan a monthly habit, compare per-order minimums against plan fees charged on the whole portfolio.
- Check any broker’s licence in the MAS Financial Institutions Directory.
