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Read our full review Honorable Mention For Best Market Access: Interactive Brokers With low trading fees, a user-friendly platform, and access to current market data, Tiger Brokers is a great platform. Trading futures is also simple, as there are built-in features on their platform to give customers support with these deals. This is one of the most attractive rates in Singapore, as most firms charge around HKD $100-HKD $240. For those who prefer to trade in Hong Kong, Tiger Brokers' minimum fee is only HKD $15. For trading in the US, you can invest for as little as USD $0.01 commission with a minimum fee of USD $1.99 per trade. Moreover, Tiger Brokers charges neither a custodian or currency conversion fee, and it's fairly quick to open an account (1-3 days).įor those looking to invest abroad, Tiger Brokers' platform gives customers real-time access to markets in the United States, Hong Kong, China, and Australia. Additionally, new customers can also enjoy 500 Tiger Coins and 1 share of Disney once the account is funded with an initial deposit of S$2,000 or more. This is still impressively lower than the average in Singapore, which is 0.21%. Furthermore, Tiger Brokers are offering 60 commission-free trades for new customers, when it will return to 0.08%. The commission charged for every trade is just 0.08%, which is much lower than other online brokers who charge around 0.08%-0.28%. Tiger Brokers has one of the lowest commission fees on the market, an easy-to-use platform, and live prices for the US and Singapore, making it a great option for new and seasoned investors. Similar to moomoo But With More Market Access: Tiger Brokers However, they are relatively new and are expecting to broaden their product offering soon. Unfortunately, moomoo's product offering and market access are currently not as broad as some of their competitors.
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#Thinkorswim vs robinhood download#
So, those looking to trade SG, HK, and US stocks can quickly download the app, setup an account, and begin trading. If you are looking for a simple UI/UX mobile application, moomoo's intuitive app offers tools like community chat functions, technical indicators, ratings, and insights. Even after the promotional period ends, new investors will still enjoy the lowest commissions in the market. Furthermore, with their current promotion, you can enjoy commission-free trading for 90 days in all 3 markets. Similarly, moomoo only charges USD 0.0049 per order for US stocks, ETFs, and American depositary receipts (ADRs). With their special welcome promotion, new accounts can receive real-time level 2 market data for free.Īs the cheapest online trading platform in SG, the commission charged for every trade in SG and HK markets is only 0.03%, which is much lower than other online trading platforms who range between 0.08%-0.28%. Moomoo (investment products offered by FUTU) has the lowest commission fees on the market, a new intuitive trading platform, and access to US, HK and SG markets-making moomoo an excellent choice for new investors. Read our full review Cheapest Online Trading in SG, US, and HK: moomoo powered by FUTU Finally, our analysts found Saxo Markets's trading platform to have the most intuitive user interface. Additionally, Saxo is one of the best platforms for trading foreign currencies, since its FX spreads are consistently among the lowest available, beating competitors by a significant margin. Through its Saxo Rewards programme, you can get even lower commissions if you invest at least S$300,000 (S$300,000 platinum, S$1,500,000 VIP). On top of its low fees, Saxo offers online trading in 36 global markets, and market-leading commission rates for the major international markets such as the U.S., Hong Kong, and Japan. Because of these features, Saxo can be effective not just for long-term investors, but also for frequent traders who invest S$100,000 or less.
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Saxo is currently holding a great promotion (until April 30th, 2021) where new customers will not have to pay a minimum commission to trade SGX equities. Not only that, Saxo doesn't charge any hidden fees, i.e., no inactivity fee, no platform fee, no maintenance fee, etc. First, Saxo charges just 0.08% commission on trades, with no minimum cost for Singapore stocks ($4 for US stocks), roughly a quarter the cost of what most of its competitors charge. Saxo Markets is the best online brokerage in Singapore because it combines low cost, great market access, and an easy user interface into one platform.