10 Best Investment Apps for Singapore (2022 Edition)

Shania Wong
Updated:

As the number of investing platforms increases in Singapore, brokerages are trying harder to impress consumers. From slashing fees to offering free shares, they’ve come a long way from charging $25 in commissions for every trade. 

Spoilt for choice, our number one question is now: which app is best for me?

That’s why we’ll take a look at the many investing apps in Singapore and how they stack up, covering aspects like:

  • Fees and account minimums
  • Access to global markets
  • Sign-up perks
  • Type of investor profile they’re best suited for

Read also: 5 Investment Tips for Beginners in Singapore

What to Look Out For in a Trading App

Choosing a platform depends on various factors. Some may prefer an intuitive — and less intimidating — interface. Others might want more technical analysis tools or advanced trading instruments.

Whatever your preference, here are a few things you’ll want to look out for in the trading platform you’ll be adopting:

  1. Ease of use. You should be able to make or close a trade immediately or access charts and data without much tedium.
  2. Availability of real-time charts and data. Equity prices can jump quite a bit from one day to the next — or even within the span of a few minutes. You need up-to-date data to make good buying and selling decisions.
  3. Variety of educational and research materials. It’s hard to consistently make a profit without doing your due diligence.
  4. Little to no lag time between trade execution. You don’t want to put in your order only to find out that you missed out on profits (or made an unnecessary loss) because your app was too slow to push your order through.
  5. Ability to place conditional or limit orders in advance. This gives you the option to place orders when certain triggers are met (e.g. when a stock price drops below a certain amount). It’s handy if you’ve already done your research and have specific targets you want to buy and sell at.

10 Investing Apps for Singapore

AppTypeRatingAccount MinimumBest For
Tiger TradeTrading App4.5NoneInvestors looking for a low-cost broker with access to the SG, US, HK, China, and Australia markets 
SaxoTraderGoTrading App4.5S$3,000Investors who want a beginner-friendly platform with access to a wide range of markets 
MoomooTrading App4NoneYounger investors looking to trade mainly the SG, HK, and US markets at low fees
Interactive BrokersTrading App4NoneInvestors who want to grow their trading knowledge along with their portfolio and who want access to a wide range of markets at low cost
FSMOneTrading App4NoneInvestors who can afford to buy or sell large amounts each trade and would benefit from the flat fee
Phillip SMART PortfolioRobo-Advisor4S$300 Investors who want a lower flat fee for a small risk-managed portfolio
EndowusRobo-Advisor5S$1,000Investors who want to maximise their CPF and SRS funds through a robo-advisor
SyfeRobo-Advisor4NoneInvestors with low starting capital looking for a long-term platform to grow their portfolio
StashAwayRobo-Advisor3NoneNew investors who want to trade global ETFs with the help of an algorithm. Investors who have over S$500,000 to invest will find StashAway more attractive
DBS DigiPortfolioRobo-Advisor2S$1,000Investors looking for a convenient option that is linked to their DBS bank accounts

Top 5 Trading Apps

These are apps meant for active — or at least more involved — investors. If you’re interested in learning about market dynamics and enjoy managing your own portfolio, we’d recommend one of these trading apps. But if you’d prefer a set-and-forget approach to investing, we’d recommend looking at robo-advisors instead.

Recommendation #1: Tiger Trade

PROMO: Unlimited commission-free trades for U.S. stocks for 180 days
Learn more
on Tiger Brokers's website

Which trader profile is this app best for: Investors looking to focus on the Australia, HK, China, SG, and US markets. New investors looking for low fees and generous sign-up promotions should also consider this app.

Read full review

Tiger Brokers (full review) is an online trading platform backed by Xiaomi, Interactive Brokers, and Wall Street investment guru Jim Rogers.

You can make trades directly via the Tiger Trade app. The mobile platform comes with useful features to support your trading such as analysis and insights, watchlists, real-time stock quotes, market news, and developing trends. 

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Commission & Fees: 

  • 0.03% per trade on SG stocks
  • US$0.005/share (minimum USD 0.99 per order) for US stocks
  • 0.03% of trade value (minimum HKD 7) for HK stocks
  • 0.03% of trade value (minimum CNH 7 per order) for China A-shares
  • 0.03% of trade value (minimum AUD 2/trade) for Australian stocks

Account Minimum: None, but making initial deposits of certain amounts will entitle you to certain perks.

Available on: Both iOS and Android

Perks:

  • New User Promotions:
    • 1 free share up to S$1120 + S$5 voucher (min. first deposit >= S$2,000) or make a first deposit < S$2,000 and get a S$5 voucher
    • Unlimited commission free trades for U.S. stocks for 180 days
    • 30-days Reuter’s video card
    • NYSE ArcBook real-time Market Data
    • 1 Grab share (NASDAQ: GRAB)
  • Between 1 Feb 2021 and 30 June 2022, there are no sales charges to purchase funds via Tiger Fund Mall.
  • Between 1 Jan 2022 and 31 Dec 2022, trade selected futures with zero commissions. 
  • Referral perks: Earn SGD88 in stock vouchers for each successful promotion.

Recommendation #2: SaxoTraderGo

Learn more
on Saxo Markets's website

Which trader profile is this app best for: Knowledgeable investors who want access to international markets and leveraged instruments. New investors may prefer the SaxoInvestor platform instead due to its simpler interface.

Read full review

SaxoTraderGo is Saxo Markets’ main investment app. With the mobile app, account holders can trade and get access to a research hub with analysis and educational content. 

Apart from its fuss-free access to international markets, SaxoTraderGo’s fees are also competitive. You’ll get more discounts on fees the more you trade — or if you pay to upgrade your tier.

Commission & Fees (source)

  • 0.02% – 0.06% on US stocks with a minimum of US$1 – USD$4 depending on your plan’s tier
  • 0.03% – 0.08% on SG stocks with a minimum of S$1 – S$5 depending on your plan’s tier

Account Minimum: S$3,000 on the free Bronze plan; no minimums otherwise.

Available on: Both iOS and Android

Perks: 

  • Saxo Rewards System: Earn points for every qualifying trade. Redeem points to upgrade plans for better service and lower commissions.

Recommendation #3: Moomoo

Learn more
on MooMoo's website

Which trader profile is this app best for: Younger investors looking for a low-cost platform to start learning about trading, or personal finance influencers who want to trade while engaging with a community.

Read full review

Moomoo (full review) is a relatively new low-cost broker that’s a subsidiary of China’s Futu Holdings. The parent company, Futu, is backed by Chinese tech giant Tencent Holdings. 

The trading platform only entered the Singapore market in March 2021. Despite this — or maybe because of this — it currently charges lower fees than Tiger Brokers while also offering access to the US, Hong Kong, and Singapore markets. 

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Commission & Fees (source)

  • US$0.0099/share (minimum US$1.99 per order) on US stocks and ETFs
  • 0.06% of transaction amount (minimum of S$2.49 per order) on Singapore stocks, ETFs, and REITs
  • 0.03% of transaction amount (minimum of HK$18 per order) for Hong Kong stocks

Account Minimum: None, but you’ll only get the free shares with a minimum deposit of US$2,000, S$2,700 or HK$16,000. For students, there’s a student special where a deposit of SG$1,000, US$750 or HK$5,500 will entitle you to the same welcome bonus.

Available on: Both iOS and Android

Perks: 

  • Welcome Rewards (For new sign-ups):
    • 1 free share up to S$1,000 (deposit min. S$2,700 during promo period)
    • Free real-time quotes for the US, SG, and China A-share markets (up to 40 bid and asks).

Recommendation #4: Interactive Brokers (IBKR)

Learn more
on Interactive Brokers's website

Which trader profile is this app best for:  Investors who want to grow their trading knowledge along with their portfolio. Interactive Brokers isn’t the most beginner-friendly, but it gives you access to a wide range of markets at low cost.

Read full review

Compared to other low-cost brokers like Moomoo and Tiger, IBKR (full review) stands out as the largest trading platform by volume. They’re known for their low commissions and fees as well as extensive access to global markets. 

Commission & Fees (source)

  • 0.08% of trade value (minimum S$2.50 per order) for SGX trades
  • 0.08% of trade value (minimum HK$18 per order) for all SEHK stocks
  • US$0.005 per share (minimum US$1 per order) for all US stock trades

Account Minimum: None.

Available on: Both iOS and Android

Perks: 

  • Refer a friend to receive a flat $200 for each referral.

Recommendation #5: FSMOne

Learn more
on FSMOne's website

Which trader profile is this app best for: Investors practising a lump-sum strategy rather than dollar-cost averaging. FSMOne charges investors on a per trade basis with no platform fees, so the minimum commission fees may be slightly higher than those of other brokers. Buying more in each trade will help to reduce fees.

FSMOne is a local brokerage popular because of their flat commission fee of S$8.80 for SG stocks. This may seem a tad high considering all the other low-cost brokers out there, but the flat rate actually works out to lower commissions if you buy or sell a large amount every trade.

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Commission & Fees (source)

  • Stocks on SGX: S$8.80 per trade
  • Stocks on HKEX: 0.08% per trade (minimum HK$50)
  • Stocks on US exchanges: 0.08% per trade (minimum US$8.80)
  • China A Shares: 0.08% per trade (minimum CNH40)

Account Minimum: None.

Available on: Both iOS and Android

Perks: 

  • Refer a friend and receive 1,000 Rewards Points.
  • Receive Rewards Points for transactions, holdings, and buying new investment products for the first time. Points can redeem items from the FSMOne catalogue.
  • 0% sales charge for unit trusts.
  • 0% processing fee for ETF RSPs up until 8 December 2022.
  • Free market depth data for SGX listed stocks and ETFs up till 31 March 2022.

Top 5 Robo-Advisor Apps

Robo advisors are automatic investment services driven by an algorithm. They can handle and maintain your personal investment portfolio, understand your financial goals and risk appetites.

This is a great option for new traders and people who prefer a hands-off approach towards trading. 

Read also: A Beginner’s Guide to Regular Savings Plans in Singapore

Recommendation #1: Phillip SMART Portfolio (App name: Phillip MyWealth) 

Learn more
on PhilipCapital's website

Which trader profile is this app best for: Investors looking for a reputable name in the trading space and who want a lower flat fee for a small portfolio.

Phillip’s Online Electronic Mart System (POEMS) is the pioneer for Singapore‘s online stock trading. Phillip MyWealth is a robo-advisor under POEMS that matches the best-fit portfolio with your online risk analysis.

With the app, you can seamlessly set up, fund, and monitor your investment portfolio. 

Commission & Fees: 0.5% annual management fee

Account Minimum: S$300 and subsequent monthly investment of S$100.

Available on: Both iOS and Android

Perks: 

  • S$88 cash credit when you refer a friend.
  • Ability to invest with cash or SRS funds.

Recommendation #2: Endowus

Learn more
on Endowus's website

Which trader profile is this app best for: Investors who want to maximise their CPF and SRS funds through a robo-advisor.

Read full review

Endowus (full review) is a homegrown fintech company that uses empirical data to help investors access time-tested, diversified strategies for the best returns. 

Unlike traditional fund managers, Endowus doesn’t manage your money directly, but rather, ensures that the fund manager building your portfolio is reliable. 

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Commission & Fees: 

  • Cash: 
    • 0.6% (Up to $200,000)
    • 0.5% (S$200,001 – $1,000,000)
    • 0.35% (S$1,000,001 – $5,000,000)
    • 0.25% (S$5,000,001+)
  • CPF & SRS: 0.4%

Account Minimum: S$1,000

Available on: Both iOS and Android

Perks: 

Recommendation #3: Syfe

Learn more
on Syfe's website

Which trader profile is this app best for: Investors with low starting capital looking for a long-term platform to grow their portfolio. Syfe is also great for those interested in slowly getting more involved with portfolio management.

Read full review

Robo-advisor Syfe (full review) offers auto-wealth generation and passive investing through its personalised portfolios. During the registration process, you’ll answer a few questions that will help the platform automatically create a portfolio based on your risk profile and goals.

Syfe will then invest your funds for you and give you regular reports on your investments. You can also speak to a Syfe wealth expert if you want more details or personalised advice.

Commission & Fees: 0.35% – 0.65% with three tiers of Blue, Black, and Gold

  • Annual management fees:
    • 0.65% (Up to $20,000)
    • 0.50% (S$20,001 – $100,000)
    • 0.40% (S$100,001 – $500,000)
    • 0.35% (S$500,001+)
  • ETF management fee: 0.15 – 0.24%
  • Currency conversion: 0.09% of amount converted

Account Minimum: None

Available on: Both iOS and Android

Perks: 

  • 6 months’ fee waiver (on up to S$50,000 in assets) and S$30 cash credit for every successful referral

Recommendation #4: StashAway

Learn more
on Stashaway's website

Which trader profile is this app best for: New investors who want to trade global ETFs with the help of an algorithm. Also, investors who have over S$500,000 to invest will find StashAway more attractive.

Read full review

As one of the first robo-advisors in the Singapore marketplace, StashAway (full review) is well-known in the sector. With no minimums and an intelligent investment framework, there’s a lot to like about StashAway.

On the flip side, StashAway is one of the pricier robo-advisors if you’re investing less than S$100,000.

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Commission & Fees: 0.2% – 0.8% (lower fees the more you invest)

  • 0.80% (Up to $25,000)
  • 0.70% (S$25,001 – S$50,000)
  • 0.60% (S$50,001 – S$100,000)
  • 0.50% (S$100,001  – S$250,000)
  • 0.40% (S$250,001  – S$500,000)
  • 0.30% (S$500,001  – S$1,000,000)
  • 0.2% (S$1,000,001+)

Account Minimum: None

Available on: Both iOS and Android

Perks: 

  • 6 months’ fee waiver (on up to S$10,000 in assets) for every successful referral.

Recommendation #5: DBS DigiPortfolio

Learn more
on DBS's website

Which trader profile is this app best for: Investors looking for a convenient option that is linked to their DBS bank accounts.

Out of all the robo-advisors listed, this is probably the most convenient one as long as you have an existing DBS account.

Geared towards new investors, this robo-advisor features investment portfolios crafted by fund managers with 17+ years of experience in the DBS Investment Team. The app also uses AI to automate processes like rebalancing and monitoring.

The main downside is the flat management fee — unlike other robo-advisors, DBS doesn’t give you discounts on fees the more you invest. 

Commission & Fees: Flat 0.75% 

Account Minimum: S$1,000

Available on: Both iOS and Android

Perks: None