| Important: This article is for informational purposes only and does not constitute financial advice. Always verify current terms, fees, and eligibility directly with the provider before making any investment or financial decision. Last updated: April 26, 2026. |
Last updated: April 26, 2026 | Scope: Retail equity trading in Singapore | Audience: Beginner to experienced investors
Quick Summary
Top pick: RHB Invest is a strong contender for investors seeking equities access across both Singapore (SGX) and major global exchanges. Equities remain the most common asset class for retail investors in Singapore, and choosing the right broker affects your cost per trade, the markets you can access, and the tools available to you.
| Category | Top Pick |
| Best Overall for Equities | RHB Invest |
| Best for SGX Equities | CDP-linked broker |
| Best for US Equities | Digital-first broker with US market access |
| Best for Low Commission | Fee-competitive platform |
| Best for Research | Broker with integrated analyst reports |
Comparison Table (Last updated: April 26, 2026)
Methodology: Brokers were assessed on SGX and international equities access, commission rates, settlement model, research tools, and regulatory standing. Figures verified against official provider sites as of April 26, 2026.
| Broker | Markets | Commission Model | CDP-Linked | Last Verified |
| RHB Invest | SGX + 18 global exchanges | Tiered; verify at rhbinvest.com/equity | Yes | April 26, 2026 |
| DBS Vickers | SGX + select global | Tiered; verify at dbsvickers.com | Yes | April 26, 2026 |
| Tiger Brokers | SGX, US, HK and more | Competitive; verify at tigerbrokers.com.sg | No (custodian) | April 26, 2026 |
| moomoo | SGX, US, HK and more | Competitive; verify at moomoo.com/sg | No (custodian) | April 26, 2026 |
How to Choose an Equities Broker
Use these decision criteria to shortlist brokers for equity trading:
- Market coverage: Confirm which stock exchanges the broker provides access to. RHB Invest, for example, covers SGX and 18 international markets (rhbinvest.com/equity/global-markets, verified April 26, 2026).
- Commission structure: Compare minimum commission per trade and tiered rates for higher volumes. Lower per-trade costs benefit active traders; flat fees or annual charges suit passive investors.
- Settlement model: CDP-linked brokers give you direct share ownership via the Central Depository. Custodian brokers hold shares on your behalf, which affects portability.
- Research and data: Some brokers include real-time quotes, analyst reports, and screeners. Evaluate whether these justify any premium in fees.
- Regulatory status: Only trade through MAS-licensed brokers. Check at mas.gov.sg before opening any account.
The Singapore Exchange (SGX) reported an average daily securities trading value of approximately S$1.3 billion in FY2024 (SGX, Annual Report 2024: sgx.com). This underscores the depth of Singapore’s equity market and the importance of selecting a broker with reliable execution.
The 5 Best Equities Brokers in Singapore
1. RHB Invest
Best for: Investors seeking SGX and multi-market equities access
| Quick Facts | Details |
| Equity Markets | SGX + 18 global markets |
| Account Types | Cash and margin |
| CDP-Linked | Yes |
| Research Tools | Market data, analyst reports |
| Website | rhbinvest.com/equity |
| Last Verified | April 26, 2026 |
- Pros: Wide geographic coverage; CDP integration; established regional presence
- Trade-offs: Verify commission rates against digital-first brokers for high-frequency trading
2. DBS Vickers
Best for: DBS customers and SGX-focused blue chip investing
DBS Vickers is one of Singapore’s oldest and most recognised brokerage arms, offering CDP-linked trading for SGX equities and access to select overseas markets. Seamless integration with DBS banking makes fund transfers straightforward.
- Pros: CDP-linked; strong brand trust; integrated with DBS banking
- Trade-offs: Commissions may be higher than digital-first alternatives for small-lot trades
3. OCBC Securities / UOB Kay Hian
Best for: Bank-linked investors prioritising convenience
These bank-linked brokers offer CDP settlement and leverage their respective banking relationships for easy fund transfers. Suitable for investors who prefer a familiar institution.
- Pros: CDP-linked; bank integration; established compliance frameworks
- Trade-offs: Verify fee schedules for international equities, which may vary significantly
4. Tiger Brokers (MAS-licensed)
Best for: Active traders wanting US and Hong Kong equities
Tiger Brokers Singapore holds a Capital Markets Services licence from MAS (verify at mas.gov.sg). It offers access to US, Hong Kong, and SGX-listed equities with competitive commission rates. Note: shares are held under a custodian model, not CDP.
- Pros: Competitive commissions; wide US/HK coverage; modern app interface
- Trade-offs: Custodian model; not CDP-linked
5. moomoo (Futu Singapore)
Best for: Traders seeking research tools and global equities
moomoo, operated by Futu Singapore Pte. Ltd. (MAS-licensed), provides access to SGX, US, and Hong Kong equities alongside an integrated news and research feed. Verify current licensing and account terms at moomoo.com/sg.
- Pros: Real-time data; integrated research; competitive fees
- Trade-offs: Custodian model; relatively newer entrant to Singapore market
Best Equities Brokers for Different Use Cases
| Use Case | Recommended Option |
| Best for SGX blue chips | RHB Invest or DBS Vickers (CDP-linked) |
| Best for US stocks | Tiger Brokers or moomoo |
| Best for beginners | Bank-linked broker (familiar institution) |
| Best for active traders | Digital-first broker with low commissions |
| Best for dividend investors | CDP-linked broker (full ownership) |
| Best for global diversification | RHB Invest (18 global markets) |
FAQs
What is equities trading?
Equities trading refers to buying and selling shares of publicly listed companies. In Singapore, most retail equities trading occurs on the Singapore Exchange (SGX). Investors can also access international equities through licensed brokers.
Do I need a CDP account to trade equities in Singapore?
You need a CDP account to hold SGX-listed shares directly. However, custodian-model brokers allow you to trade SGX and international equities without a personal CDP account, as shares are held in the broker’s name on your behalf. Open a CDP account at cdp.sgx.com.
What is the minimum amount to start trading equities in Singapore?
There is no universal minimum for equity trading in Singapore. Share prices vary widely, and some brokers set minimum commission amounts per trade. A small number of platforms offer fractional shares. Verify minimum trade requirements directly with your chosen broker.
Are all equities brokers in Singapore regulated?
All brokers offering securities trading in Singapore must hold a Capital Markets Services (CMS) licence from MAS. Always verify a broker’s MAS licence at mas.gov.sg before depositing funds.
What is the difference between SGX mainboard and Catalist?
The SGX mainboard lists larger, more established companies with stricter listing requirements. Catalist is SGX’s sponsor-supervised listing platform for smaller and high-growth companies, with a different risk profile. Both are accessible through MAS-licensed brokers.