The best broker for Singapore stocks, judged on standing fees alone, is a custodian broker: Webull charges S$0.80 on a S$2,000 SGX order and Longbridge S$0.99, as at November 2026. If you want shares in your own CDP account, or need to use CPF or SRS money, expect to pay about S$10 an order at moomoo, Tiger Brokers or POEMS.
Investing can lose money. Share and REIT prices fall as well as rise, and dividends can be cut. This page compares broker costs. It does not suggest any share to buy.
How We Compared SGX Brokers
The measure: the broker’s own commission plus platform fee, before GST and SGX fees, on one SGX order of S$2,000 and one of S$10,000. Every rate comes from the broker’s pricing page, read in November 2026.
The list: brokers widely promoted to Singapore investors that hold a Capital Markets Services licence in the MAS Financial Institutions Directory and publish SGX fees we could read.
What we left out: sign-up rewards and introductory waivers, which change often. The big bank-linked brokers (DBS Vickers, OCBC Securities and UOB Kay Hian) also offer CDP-linked trading, but we could not read their current fee tables online, so they are not in the table. Check their pricing pages directly.
Our explainer on which brokerage account to choose covers the CDP versus custody decision itself. This page puts numbers on it.
Best Broker for Singapore Stocks: SGX Cost Table
| Broker and account | S$2,000 order | S$10,000 order | Shares held | CPF / SRS fees published |
|---|---|---|---|---|
| Webull | S$0.80 | S$2.50 | Custody | No |
| Longbridge | S$0.99 (commission waived, terms apply) | S$3.00 | Custody | No |
| uSMART Trader account | S$1.00 | S$5.00 | Custody | No |
| POEMS Cash Plus | S$1.60 | S$8.00 | Custody | No |
| moomoo | S$1.98 | S$6.00 | Custody | No |
| Syfe brokerage | S$1.98 | S$6.00 | Custody | No |
| Tiger Brokers | S$1.99 | S$6.00 | Custody | No |
| Interactive Brokers | S$2.50 | S$8.00 | Custody | No |
| Saxo | From S$3 | Check Saxo’s page | Custody | No |
| moomoo CDP account | S$9.98 | S$22.00 | CDP | Yes, same rate |
| Tiger Cash Boost | S$9.99 | S$22.00 | CDP | Yes, same rate |
| POEMS Cash Management | S$10.00 | S$28.00 | CDP | Not verified |
How the figures are built:
- Webull lists 0.025% with a S$0.80 minimum after any new-client waiver ends.
- Longbridge lists a 0.03% platform fee (minimum S$0.99) and a commission currently waived under its terms. Without the waiver, add another 0.03% (minimum S$0.99).
- uSMART has three account types with different rates. Its Trader account lists 0.02% commission plus 0.03% platform fee with no minimum; the Standard account charges 0.03% plus 0.03%.
- moomoo and Tiger each charge 0.03% commission plus 0.03% platform fee, each with a minimum of about S$1.
- CDP-linked accounts charge 0.10% plus 0.12% (moomoo and Tiger, each with a S$4.99 to S$5 minimum), or S$10 flat up to S$3,500 and 0.28% above that (POEMS).
On top of every broker’s fee, SGX charges 0.0075% trading and 0.0325% clearing, about S$0.80 on S$2,000. GST of 9% applies to the lot.
The short version: for small, regular SGX orders, a custodian broker costs a tenth of a CDP-linked one. You pay the difference for holding shares in your own name and for CPF or SRS access.
Worked Example: A Year of Monthly Buying
Our illustration: you buy S$1,000 of one SGX-listed share every month for a year. We include SGX fees and 9% GST. This shows costs only, not returns.
- Webull: S$0.80 a month plus S$0.40 in SGX fees, about S$15.70 a year with GST, or 0.13% of the S$12,000 invested.
- moomoo custody account: S$1.98 plus S$0.40, about S$31.10 a year, or 0.26%.
- moomoo CDP account: S$9.98 plus S$0.40, about S$135.80 a year, or 1.13%.
The CDP route costs about S$120 a year more in this example. Over ten years of steady buying, that gap compounds into a meaningful sum; our compound interest calculator shows how a recurring cost adds up.
Bigger, less frequent orders change the picture. On a single S$10,000 order the gap between Webull (S$2.50) and a CDP account (S$22) is about 0.2% of the money invested.
Using CPF or SRS Money for SGX Shares
CPF Board lets you invest Ordinary Account savings above S$20,000 through the CPF Investment Scheme, with shares and property funds capped at 35% of investible savings. You need a CPF Investment Account at an agent bank (DBS, OCBC or UOB), and the broker must route the trade there.
Among the brokers above, moomoo and Tiger Brokers publish CPF and SRS fees, at the same 0.10% plus 0.12% as their CDP accounts. A S$15,000 purchase with CPF money would cost about S$42.50 at either, including SGX fees and GST, before any agent bank charges. POEMS refers to CPF and SRS accounts on its site, but we could not verify its rate.
CPF Ordinary Account savings earn a guaranteed 2.5% a year if left alone. An SGX share has to do better than that, after fees, to be worth the risk. Our CPF Investment Scheme explainer and SRS guide set out the rules.
The Costs the Table Does Not Show
Moving shares later. POEMS charges S$20 per counter, plus GST, to transfer SGX shares from its custody accounts to CDP. Starting in custody and moving later is not free.
Dividends in custody. POEMS charges 1% of each SGX dividend (minimum S$1, maximum S$50) in custody accounts. moomoo says it charges no processing fee on Singapore corporate actions but passes on third-party charges. Dividends paid into a CDP account come to you directly.
Settlement instruction fees. Some brokers list an SGX settlement instruction fee. uSMART’s table shows S$0.35; Longbridge lists S$0.70 and says it absorbs it.
Currency. All of these quote SGX trades in Singapore dollars, so there is no conversion cost on most counters.
Who This Comparison Does Not Suit
- Anyone wanting a hands-off portfolio. A robo-adviser charges a yearly fee and does the buying for you; see our robo-adviser comparison.
- Leveraged traders. Several of these apps also sell CFDs and margin. We do not compare them for that; read what CFDs are first.
- Anyone who may need the money within a few years. Shares can stay below your purchase price for a long time.
For US shares, see our US stock broker comparison, and for the wider picture our guide to the best investment platforms in Singapore.
What To Do Next
- Decide first whether you want shares in your own CDP account or are happy with custody.
- Price your own typical order on two or three brokers’ pricing pages, including SGX fees and GST.
- If you plan to use CPF or SRS money, confirm with the broker and your agent bank which counters and accounts are supported.
- Check any broker’s licence in the MAS Financial Institutions Directory.
