The 7 Best Zero-Commission Brokers in Singapore in 2026
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Disclosure: this article contains my Longbridge partner link; I may receive a reward if you sign up through it. It may also link to other broker offers on DLCuration. Full disclaimer at the end.
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 | Lifetime zero commission, buy-and-hold investors | $0 commission for life; platform fees and other fees apply, from S$0.99 (SG) or US$0.99 (US) per order | 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 | From US$1.99 per US order, S$1.99 per SGX order | 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$0 commission on US stocks (Cash Plus account) | 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 Lifetime Zero Commission
→ See Longbridge welcome rewards up to SGD 1,517* (Nov 2026)
This is my Longbridge partner link; I may receive a reward if you sign up through it. *Up to SGD 1,517 is the top NVIDIA tier (SGD 1,300) plus the 8.8% p.a. Interest Boost (worth up to SGD 217). Your reward depends on your deposit and buy trades. Rewards are subject to deposit and trade conditions. T&Cs apply.
Longbridge built its pitch around zero commission that does not expire: lifetime zero commission on US, HK and SG stocks, with platform fees and other fees applying. On SGX, that sets it apart from Moomoo and Webull, whose zero commission on SGX stocks is a first-year offer for new users. For US stocks the gap is smaller: Moomoo also lists US$0 commission, and Webull charges US$0 per order.
Account opening runs through Singpass MyInfo and typically takes under three minutes, with most accounts approved within hours and occasionally by the next business day. 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 summarises earnings, news and stock data.
What Longbridge is great at:
- Lifetime zero commission across three core markets (platform fees and other fees apply)
- 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; platform fees and other fees apply
- SG platform fee: 0.03% of trade amount, minimum S$0.99 per order
- US platform fee: US$0.005 per share, minimum US$0.99 per order
- HK platform fee: HK$15 per order
- New clients: $0 platform fees on US and HK stocks for 60 days after a SGD 500 net deposit (T&Cs apply)
- No minimum deposit, no custody fee, no inactivity fee
Bottom line: If you mainly buy and hold across SG, US, and HK markets and do not want to track a promo period, Longbridge’s fee structure is worth comparing.
→ 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 on SG stocks is a first-year offer for new users, and on HK stocks a 30-day offer
- No CPF or SRS support
- Platform fee applies per trade, similar to Longbridge
Pricing:
- SG stocks: $0 commission for one year for new users
- 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
- CPF and SRS investing through its Cash Boost account
- Solid charting and multi-market access
Where it falls short:
- A minimum charge per order on every market, which adds up on small, frequent US trades
- Interface can feel busier than Longbridge’s for beginners
Pricing:
- US stocks: minimum US$1.99 per order
- SGX stocks: minimum S$1.99 per order
- Check Tiger’s fee schedule for 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 on SGX stocks is charged as a percentage, and other account types cost more
- Interface feels dated next to Longbridge or Moomoo
Pricing:
- SGX: from 0.08% commission, no minimum (Cash Plus account)
- US stocks: US$0 commission (Cash Plus account)
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 lifetime zero commission (platform fees apply) 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. One example: an app broker such as Longbridge for SG, US and HK stocks, paired with POEMS or Tiger Brokers for CPF or SRS investing, which Longbridge does not support. Whichever you choose, compare the per-trade 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. The brokers on this list hold licences from the Monetary Authority of Singapore and are subject to its rules, in the same way 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 both offer fast Singpass-based account opening, no minimum deposit, and fractional share access, which suits people starting with a small amount. Which one fits depends on your own needs.
Can these brokers handle CPF or SRS investing?
Longbridge and Moomoo do not currently support CPF-OA or SRS funds. Tiger Brokers takes them through its Cash Boost account, and Phillip Securities (POEMS) and FSMOne are other options 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 offers lifetime zero commission on US, HK and SG stocks, with platform fees and other fees applying. Moomoo’s zero commission on SG stocks is a first-year offer for new users, and it lists zero commission on US stocks. Moomoo offers deeper research tools, Level 2 data, and a larger investor community. The better fit depends on whether fees or research matter more to you.
Final Verdict
- Longbridge — best for lifetime zero commission (platform fees and other fees apply) and fast 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
Whichever broker you look at, compare its actual fees against what you pay today, and read the terms of any welcome offer. All investments carry risk, and the right broker depends on your own circumstances.
→ See Longbridge welcome rewards up to SGD 1,517* (Nov 2026)
This is my Longbridge partner link; I may receive a reward if you sign up through it. *Up to SGD 1,517 is the top NVIDIA tier (SGD 1,300) plus the 8.8% p.a. Interest Boost (worth up to SGD 217). Your reward depends on your deposit and buy trades. T&Cs apply.
Have you tried any of these brokers? Drop your experience in the comments.
Related reading:
- Longbridge Singapore Review 2026: Is It Worth It?
- How to Start Investing in Singapore as a Beginner
- Longbridge Referral Code: Welcome Rewards Up to SGD 1,517
This post contains my Longbridge Singapore partner link, and I may receive a reward if you sign up and fund an account through it. It is intended for general awareness and does not constitute investment advice or a recommendation to buy, sell, or otherwise engage with any investment products or financial services. The presenter is not a licensed financial adviser and is not offering financial advice. All views expressed are solely those of the presenter and do not necessarily reflect the view of Longbridge Singapore. All investments carry risks, may not be suitable for everyone, and you may lose your investment principal. Past performance is not indicative of future results. You should seek independent financial advice if you are unsure about any investment decisions. This advertisement has not been reviewed by the Monetary Authority of Singapore.
