The 7 Best Zero-Commission Brokers in Singapore in 2026
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If you opened a brokerage account in Singapore five years ago, you paid a flat S$25 or more per trade through a CDP-linked broker. That fee alone could wipe out the return on a small trade before the stock even moved.
Zero-commission brokers changed that math, but “zero commission” means different things depending on who you ask. Some platforms drop commissions to zero for a promotional first year, then quietly revert to standard rates. Others make it permanent. Some make up the difference in platform fees or FX spreads you only discover after you have already funded the account.
I compared the fee schedules, features, and fine print of seven platforms competing for Singapore investors right now: Longbridge, Moomoo, Tiger Brokers, Interactive Brokers, Saxo Markets, Phillip Securities (POEMS), and CMC Invest. Here are the seven best zero-commission brokers in Singapore in 2026.
What to Look For in a Zero-Commission Broker
Whether “zero commission” is permanent or promotional. A first-year offer is not the same product as a lifetime one — check what the rate reverts to after any promo period ends.
Platform fees, not just commission. Most “zero commission” brokers still charge a small per-trade platform fee, typically under US$1. Over hundreds of trades a year, this is where real cost differences show up.
FX conversion spread. If you invest in US or HK stocks from an SGD account, the currency conversion spread often costs more over a year than the commission itself.
CPF and SRS support. Only a handful of platforms let you invest using CPF-OA or SRS funds. If that matters to you, it immediately narrows your options.
Account minimums and inactivity fees. Most modern platforms have dropped these, but it is still worth confirming before you fund an account.
Research and charting depth. Newer, cost-focused platforms tend to have lighter research tools than established players — a real trade-off if you rely on in-app analysis.
The 7 Best Zero-Commission Brokers in Singapore in 2026
| Broker | Best For | Starting Price | Free Plan |
|---|---|---|---|
| Longbridge | Permanent zero commission, buy-and-hold investors | $0 commission for life + ~US$0.99/trade platform fee | Yes — no minimum deposit |
| Moomoo SG | Research tools and community features | $0 commission (SG) + ~US$0.99/trade platform fee | Yes — no minimum deposit |
| Tiger Brokers | All-rounder with CDP and custodian options | ~US$0.99/trade | Yes — no minimum deposit |
| Interactive Brokers | Active traders wanting the tightest FX spread | Tiered, low per-share rates | Yes — no minimum deposit |
| Saxo Markets | Larger trade sizes and multi-asset access | Tiered — Classic/Platinum/VIP | Yes — no minimum deposit |
| Phillip Securities (POEMS) | CPF and SRS investing | From 0.08% (SGX), US$3.88 flat (US) | Yes — no minimum deposit |
| CMC Invest | Frequent traders wanting free monthly trades | 0.03%, min US$3 | Yes — 10 free trades/month |
1. Longbridge — Best for Permanent Zero Commission
→ Sign up with a Longbridge referral code
Longbridge built its entire pitch around one idea: zero commission that does not expire. On SG, US, and HK stocks, the $0 commission rate is permanent, not a first-year promo that quietly reverts once you stop noticing. That alone sets it apart from Moomoo and Webull, which both apply zero commission as a limited-time offer before switching to standard rates.
Account opening runs through Singpass MyInfo and typically takes under three minutes, with approval within one to three business days. The platform also supports fractional shares on expensive US stocks from as little as US$1, and layers in an AI research assistant — LongbridgeAI — that is a genuine point of difference versus more established competitors.
What Longbridge is great at:
- Permanent, not promotional, zero commission across three core markets
- Fast Singpass-based account opening with no minimum deposit
- No custody, inactivity, or account maintenance fees
- Fractional share trading on high-priced US stocks
Where it falls short:
- No CPF or SRS support
- Lighter research and charting tools than Moomoo or Tiger Brokers
- Smaller user base and shorter track record than established competitors
Pricing:
- SG, US, HK stocks: $0 commission for life
- US platform fee: ~US$0.99/trade
- HK platform fee: ~HK$0.005/share, HK$3 minimum
- No minimum deposit, no custody fee, no inactivity fee
Bottom line: If you mainly buy and hold across SG, US, and HK markets and want to stop worrying about a promo period expiring, Longbridge is one of the strongest fee structures available right now.
→ Read the full Longbridge review
2. Moomoo SG — Best for Research and Community
Moomoo pairs competitive pricing with the deepest research and community layer of any platform on this list — free Level 2 data, an active in-app community, and strong charting tools that Longbridge and Tiger Brokers do not fully match.
What Moomoo is great at:
- Free Level 2 market data
- Strong charting and technical analysis tools
- Active in-app investor community
- No minimum deposit
Where it falls short:
- Zero-commission SG offers are often time-limited — check current terms before assuming they are permanent
- No CPF or SRS support
- Platform fee applies per trade, similar to Longbridge
Pricing:
- SG stocks: $0 commission (confirm current promo terms)
- US stocks: $0 commission + ~US$0.99/trade platform fee
- HK stocks: HK$3 flat platform fee
Bottom line: If research depth and community insight matter more to you than saving the last dollar on fees, Moomoo is the strongest all-rounder here.
3. Tiger Brokers — Best All-Rounder
Tiger Brokers is one of the few platforms offering both CDP-linked and custodian account structures, giving you a choice most digital-first brokers do not. Pricing is competitive across SGX and other markets, and the platform balances cost with a reasonably deep feature set.
What Tiger Brokers is great at:
- Choice between CDP-linked and custodian accounts
- Competitive, balanced pricing across markets
- Solid charting and multi-market access
Where it falls short:
- Not the outright cheapest on any single market
- Interface can feel busier than Longbridge’s for beginners
Pricing:
- US stocks: ~US$0.99/trade
- Competitive flat and tiered rates on SGX and other markets
Bottom line: A dependable middle ground if you want flexibility on account structure without committing to the cheapest or the most feature-rich extreme.
4. Interactive Brokers — Best for Active Traders
Interactive Brokers is not the flashiest app on this list, but it wins on the metric that matters most to high-volume traders: FX spread. IBKR’s FX spreads run as tight as 0.002%, meaningfully lower than the roughly 0.05% to 0.10% spread most Singapore-focused platforms charge.
What IBKR is great at:
- Tightest FX spreads of any broker in this comparison
- Low tiered commission rates that improve with volume
- Among the lowest margin rates in the industry
Where it falls short:
- Platform complexity is a real barrier for beginners
- Interface and account setup feel more institutional than consumer-friendly
Pricing:
- Tiered, low per-share commission rates
- FX spread as low as 0.002%
Bottom line: If you trade frequently or move large amounts across currencies, the FX savings alone can outweigh IBKR’s steeper learning curve.
5. Saxo Markets — Best for Larger Trade Sizes
Saxo’s tiered account structure — Classic, Platinum, and VIP — rewards larger account sizes and trade volumes with progressively better rates, making it a strong fit for investors who have outgrown a purely beginner-focused platform.
What Saxo is great at:
- Competitive pricing at larger trade sizes
- Broad multi-asset access beyond just stocks
- Tiered service levels as your portfolio grows
Where it falls short:
- Less competitive for small, frequent trades than Longbridge or Moomoo
- Fee structure is more complex to compare at a glance
Pricing:
- Tiered commission structure varying by account tier and market
Bottom line: Worth considering once your portfolio has grown past the point where flat, small-trade-friendly platforms make the most sense.
6. Phillip Securities (POEMS) — Best for CPF and SRS Investing
If you want to invest using CPF-OA or SRS funds, your options narrow fast — POEMS is one of the small number of platforms in Singapore built to support both.
What POEMS is great at:
- CPF-OA and SRS investing support
- Established track record as one of Singapore’s longer-standing brokers
- Broad market access
Where it falls short:
- Commission rates are higher than the newer zero-commission-first platforms
- Interface feels dated next to Longbridge or Moomoo
Pricing:
- SGX: from 0.08% commission
- US stocks: US$3.88 flat per trade
Bottom line: If CPF or SRS investing is central to your plan, POEMS earns its place on this list even without the lowest headline fees.
7. CMC Invest — Best for Frequent Small Trades
CMC Invest’s 10 free trades per month makes it a strong fit for investors who trade often but in smaller sizes, where a flat monthly allowance beats a per-trade fee.
What CMC Invest is great at:
- 10 free trades per month
- Competitive 0.03% commission beyond the free allowance
- Straightforward, transparent pricing
Where it falls short:
- Less advanced research and charting tools than Moomoo or Tiger Brokers
- Smaller brand presence than the more established platforms
Pricing:
- 0.03% commission, US$3 minimum per trade
- 10 free trades per month included
Bottom line: A genuinely useful option if your trading pattern is frequent but modest in size.
How to Choose the Right Broker
- If you want permanent zero commission and fast account opening → Longbridge
- If you want the deepest research tools and an active community → Moomoo
- If you want flexibility between CDP-linked and custodian accounts → Tiger Brokers
- If you trade frequently and want the tightest FX spread → Interactive Brokers
- If your portfolio has outgrown beginner-tier platforms → Saxo Markets
- If you need to invest using CPF or SRS funds → Phillip Securities (POEMS)
- If you trade often in smaller amounts → CMC Invest
The Best Broker Stack for Singapore Investors
Many Singapore investors are not limited to one platform. A common combination: Longbridge for a permanent zero-commission core account covering SG, US, and HK stocks, paired with POEMS for CPF-OA investing that Longbridge does not support. Total monthly cost across both platforms remains near $0 in fixed fees — you are paying only per-trade platform fees and FX spread on the trades you actually make.
Frequently Asked Questions
Is zero-commission trading penalised by MAS or any Singapore authority?
No. Zero-commission brokers are fully licensed by the Monetary Authority of Singapore and subject to the same conduct and capital adequacy rules as traditional brokers. The commission model is a business decision, not a regulatory workaround — brokers recover revenue through platform fees, FX spreads, and other services.
Which broker is best for beginners?
Longbridge and Moomoo are the two most beginner-friendly platforms here, both offering fast Singpass-based account opening, no minimum deposit, and fractional share access so you can start with a small amount.
Can these brokers handle CPF or SRS investing?
Most of the zero-commission-first platforms, including Longbridge, Moomoo, and Tiger Brokers, do not currently support CPF-OA or SRS funds. Phillip Securities (POEMS) and FSMOne remain the more relevant choices if CPF or SRS investing is part of your plan.
Do I still need to understand investing fundamentals if I use a low-cost broker?
Yes. A low-fee broker reduces the cost of investing, but it does not replace understanding what you are buying, your risk tolerance, or your time horizon. Treat the broker choice as one part of your plan, not the whole plan.
What is the difference between Longbridge and Moomoo?
Longbridge’s zero commission is permanent across SG, US, and HK stocks, while Moomoo’s SG offers are often time-limited promotions. In exchange, Moomoo offers deeper research tools, Level 2 data, and a larger investor community. For a cost-focused, buy-and-hold approach, Longbridge tends to edge ahead; for research-heavy investors, Moomoo is the stronger pick.
Final Verdict
- Longbridge — best for permanent zero commission and fast, low-friction account opening
- Moomoo — best for research depth and community insight
- Tiger Brokers — best all-rounder with flexible account structures
- Interactive Brokers — best for active traders chasing the tightest FX spread
- Saxo Markets — best once your portfolio has outgrown beginner platforms
- Phillip Securities (POEMS) — best for CPF and SRS investing
- CMC Invest — best for frequent, smaller trades
If you are opening your first brokerage account and want to remove commission drag for good, start with Longbridge’s current welcome promotion and compare the actual fees against whatever you are paying today.
→ Claim the current Longbridge welcome bundle
Have you tried any of these brokers? Drop your experience in the comments.
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