Longbridge Singapore Review 2026: Is Lifetime Zero-Commission Trading Actually Worth It?
Table of Contents
Most “zero commission” brokers in Singapore are not really zero commission. Read the fine print and you will usually find a first-year promo that quietly expires once you stop paying attention. Longbridge built its entire pitch around not doing that — permanent zero commission as a structural feature, not a hook.
But zero commission is not the full cost picture. There is a platform fee on every trade. There is an FX spread every time you convert SGD to USD or HKD. There are options contract fees. And there are things competitors like Growbeansprout and the Reddit Singapore finance community keep raising — educational depth, new platform track record, and what it actually means to hold shares in a custodian account instead of your CDP.
I dug into all of it: the real fee schedule confirmed from Longbridge’s official pages, how the platform compares against Moomoo and Webull on every cost line, what DBS Bank’s role as custodian actually means for you, and whether the new LongbridgeAI tools are genuinely useful or just marketing.
Here is the complete, honest verdict.
Longbridge at a Glance
| Factor | Rating |
|---|---|
| Trading fees (SG, US, HK) | ⭐⭐⭐⭐⭐ 4.8/5 |
| Platform and app experience | ⭐⭐⭐⭐ 4.2/5 |
| Research and charting tools | ⭐⭐⭐⭐ 4.0/5 |
| Account opening speed | ⭐⭐⭐⭐⭐ 4.7/5 |
| Safety and regulation | ⭐⭐⭐⭐ 4.5/5 |
| Product breadth | ⭐⭐⭐⭐ 4.0/5 |
| Best for | Cost-focused investors trading SG, US, and HK stocks who want permanent low fees |
| Not ideal for | CPF/SRS investors; active traders who need the deepest research tools |
| Free plan | No subscription tiers — account is free, per-trade platform fees only |
| Starting price | $0 commission for life; SG platform fee from S$0.99/trade |
| Overall rating | ⭐⭐⭐⭐ 4.3 / 5 |
→ Claim a Longbridge welcome bundle with a referral code
What Is Longbridge?
Longbridge was founded in March 2019 and is headquartered in Singapore. The company positions itself as a “new-generation internet brokerage” — mobile-first, zero-commission, and now heavily AI-integrated. It raised more than US$150 million in funding, including investment from PhillipCapital Singapore, and secured a further US$100 million in late 2024 to accelerate regional growth. The backing from PhillipCapital — one of Singapore’s established brokerage houses — is worth noting as a signal of institutional credibility.
The Singapore entity is Long Bridge Securities Pte. Ltd., regulated by the Monetary Authority of Singapore under Capital Markets Services Licence CMS101211, with Exempt Financial Adviser status. That licence covers dealing in securities, collective investment schemes, and exchange-traded derivatives, plus custodial services for client assets.
What started as a Hong Kong-focused broker has evolved into a full three-market platform covering SG, US, and HK stocks — with options trading, bonds, funds, and fractional shares layered on top. One critical infrastructure point that competitors often understate: Longbridge has appointed DBS Bank — Singapore’s largest bank — as the custodian for client funds, and holds client securities through separate, authorised third-party custodians. Your money is legally separated from Longbridge’s own capital.
The honest caveat: Longbridge is still a newer platform by brokerage standards. It does not yet have the decade-long operational track record of Moomoo or Tiger Brokers in the Singapore market, and its educational resources are lighter than some competitors. Its growth has been fast, and its regulatory backbone is solid — but if you are placing a large portfolio here, that context matters.
Longbridge Fees in 2026: The Full Breakdown
Longbridge runs a single free account with no subscription tiers. All fees are charged per transaction. Here is the confirmed fee schedule as of August 2026.
Singapore Stocks and ETFs
| Item | Rate |
|---|---|
| Commission | S$0 — lifetime, not promotional |
| Platform fee | 0.03% per order, minimum S$0.99 |
| Market data | Free Level 1 real-time SGX data |
This is genuinely competitive. Traditional CDP-linked brokers like DBS Vickers typically charge S$20–25 minimum per trade. Longbridge’s S$0.99 minimum platform fee, with zero commission, is meaningfully cheaper at almost every trade size.
The key trade-off: your SGX shares are held in a custodian account under Longbridge’s nominee, not directly in your CDP account. You remain the beneficial owner — you receive dividends, and you participate in corporate actions — but you cannot access the shares directly through CDP. If you need CDP linkage, you will need to use a traditional broker or Moomoo’s CDP-linked account option instead.
US Stocks and ETFs
| Item | Rate |
|---|---|
| Commission | US$0 — lifetime |
| Platform fee | US$0.005 per share, minimum US$0.99 |
| Market data | Free Level 1 real-time data |
For a single trade of 100 shares, the platform fee is US$0.50 (5 cents × 100 shares), rounded up to the US$0.99 minimum. For a trade of 200 shares, it is exactly US$1.00. That structure means Longbridge’s per-trade cost grows with volume, unlike Moomoo’s flat US$0.99 platform fee per order regardless of share count.
For most retail investors — buying in round lots of 50–200 shares — the cost is effectively US$0.99 per trade on either platform.
Hong Kong Stocks and ETFs
| Item | Rate |
|---|---|
| Commission | HK$0 — lifetime |
| Platform fee | HK$15 per order |
| Market data | Free Level 1 real-time HKEX data |
This is a notable update from earlier in the year. The HK platform fee is now HK$15 flat per order — simpler than the per-share structure previously reported. Confirm this on Longbridge’s fee page before placing large HK orders.
US Options
| Session | Commission | Platform fee |
|---|---|---|
| Regular trading hours (9:30 AM – 4 PM ET) | US$0 | US$0.50 per contract |
| Pre-market session (5 PM – 10:30 PM SGT) | US$0 | US$0 per contract (launch promo) |
The pre-market session runs from 5:00 PM to 10:30 PM SGT (or 4:00 PM–9:30 PM SGT during US daylight saving time) — which is evening Singapore time, making it genuinely accessible without trading at 2 AM. Currently limited to selected major US tickers; not every symbol is tradable in pre-market.
Fractional Shares (US stocks)
| Item | Rate |
|---|---|
| Commission | US$0 |
| Platform fee | 1% of trade value, capped at US$0.99 |
| Minimum trade | US$1 |
This is well-designed for small investors. A US$10 investment in Nvidia costs US$0.10 in platform fees. A US$99 investment costs US$0.99. Above US$99, the fee caps at US$0.99 regardless. Fractional shares are eligible for dividends and mandatory corporate actions — you are not locked out of shareholder benefits because you own less than one full share.
Hidden Costs to Know About
FX conversion spread. Longbridge earns on the spread when you convert SGD to USD or HKD to trade. The rate is not published as a fixed number and moves with market conditions — typically in the 0.05% to 0.10% range. On a S$10,000 conversion, that is roughly S$5–10 in hidden spread cost. For most retail investors, this is marginal. For large, frequent conversions, it adds up. IBKR still offers the tightest FX spread in the Singapore market.
Pre-market and grey market spreads. Pre-market options and grey-market HK trades carry wider bid-ask spreads and thinner liquidity than regular-hours trading. Build this into your expectations if you plan to trade outside normal market hours.
CPF and SRS: not supported. Longbridge does not accept CPF-OA or SRS funds. If you want to invest through those schemes, you will need a different platform — POEMS, FSMOne, or DBS Vickers are the relevant alternatives.
There is no custody fee, no account maintenance fee, no inactivity fee, and no minimum deposit. That part of the zero-fee pitch holds up completely.
Core Features: What Longbridge Actually Does
Lifetime Zero-Commission Trading — The Real Differentiator
Moomoo SG’s zero commission on SGX stocks reverts to a 0.03% commission plus 0.03% platform fee after the first year — roughly S$1.98 combined minimum per trade. Webull’s zero commission on SGX stocks reverts to 0.025% commission plus 0.025% platform fee after year one. Longbridge’s zero commission never reverts. You pay the platform fee only, forever.
For a passive investor making 20 SGX trades a year, the difference is not dramatic in dollar terms. Over a decade of investing, it compounds into a meaningful cost advantage. The cleaner pitch is really about peace of mind: you never have to check whether your promo period has expired.
LongbridgeAI — Genuinely Useful, With Honest Caveats
The AI assistant built into the Longbridge app has been a real upgrade over the past year. You can ask it to analyse a company’s recent earnings, explain why a stock fell, compare two companies, or surface key risks before a trade. It pulls from financial statements, market data, and news — and it labels its sources, which is a meaningful transparency feature most AI investing tools skip.
Practical uses I have found it good for: quickly getting the gist of an earnings release before the US market opens, understanding why a sector moved after macro news, and cross-checking analyst expectations on a position I am considering.
Use it as a starting point, not a final word. The outputs are helpful for forming questions; they are not a substitute for reading the actual filings or thinking through your own risk tolerance.
Longbridge has also built a broader AI ecosystem: a Skill for connecting to ChatGPT, and an Agent Platform for more specialised investing workflows. These are still maturing, but the direction is clearly differentiated from what Moomoo and Tiger Brokers offer.
Cash Plus — Earn Interest on Idle SGD and USD
Cash Plus lets you earn interest on uninvested cash sitting in your Longbridge account. SGD cash is invested in the iFast SGD Enhanced Liquidity Fund; USD cash goes into the iFast USD Enhanced Liquidity Fund. Both are money market funds investing in low-risk bank deposits and high-quality bonds.
The feature that makes this actually useful is Auto-Sweep: your cash is automatically invested in the fund and automatically redeemed when you place a trade — you do not have to manually move money in and out. This is a meaningful quality-of-life feature that several Singapore brokers still do not offer.
DBS Bank as Cash Custodian
Client funds are custodied by DBS Bank, not Longbridge itself. This is a concrete safety layer — your cash is legally separated from Longbridge’s operating capital, held under DBS’s custodial structure. Longbridge holds client securities through separate authorised third-party custodians with the same segregation principle.
This does not eliminate all risk — Longbridge is a securities broker, not a bank, so accounts are not covered by SDIC deposit insurance. But the DBS custodial relationship is a meaningful structural protection that Longbridge’s marketing understates.
US Pre-Market Options Trading (SGT-Friendly Hours)
This is the most differentiated feature Longbridge added in the past year. Most Singapore-based options traders have to choose between trading at 9:30 PM (summer) or 10:30 PM (winter) when the US regular session opens. Longbridge’s pre-market options session runs from 5 PM to 10:30 PM SGT — evening hours that do not require staying up past midnight.
Coverage is limited to major US tickers and ETFs, not the full US options universe. The platform fee is currently waived as a launch promotion. If you are options-interested but unwilling to trade at midnight Singapore time, this is a real practical differentiator.
Account Opening via Singpass MyInfo
The onboarding flow takes under three minutes using Singpass MyInfo. Most accounts are approved within hours, occasionally by the next business day. PayNow and FAST transfers allow near-instant SGD funding after approval. This is the fastest account opening experience of any broker I have used in Singapore.
Real-Time Level 1 Market Data — Included
Free Level 1 real-time quotes for SGX, HKEX, and US markets are included with every account. Several competitors gate Level 1 data behind subscription fees or minimum activity requirements.
Product Breadth: Stocks, ETFs, Options, Bonds, Funds
Beyond equities and ETFs, Longbridge gives access to retail and corporate bonds, professionally managed unit trusts from various fund houses, US stock options, and warrants/CBBCs. The portfolio view separates holdings by market — SG, HK, US, and funds — in a single interface. For an investor managing positions across multiple asset classes, this saves real time.
Longbridge vs Moomoo vs Webull: The Real Comparison
| Factor | Longbridge | Moomoo SG | Webull SG |
|---|---|---|---|
| SG commission — year 1 | $0 | $0 | $0 |
| SG commission — year 2+ | $0 (lifetime) | 0.03%, min S$0.99 | 0.025%, min S$0.80 |
| SG platform fee | 0.03%, min S$0.99 | 0.03%, min S$0.99 | 0.025%, min S$0.80 |
| Total SG cost year 2+ | Platform fee only | 0.06%, min S$1.98 | 0.05%, min S$1.60 |
| US commission | $0 | $0 | 0.025%, min US$0.50 |
| US platform fee | US$0.005/share, min US$0.99 | US$0.99 flat | $0 |
| HK commission | $0 | $0 (30 days), then standard | standard rates |
| US options fee | US$0.50/contract | US$0.65 commission + US$0.30 platform | US$0.55/contract |
| Fractional shares | Yes, from US$1 | Yes | Yes |
| LevelI market data | Free | Free | Free |
| Level 2 data | Paid | Free | Paid |
| AI research tools | LongbridgeAI (built-in) | Limited | Limited |
| Pre-market options | Yes (5 PM–10:30 PM SGT) | No | No |
| Cash interest on idle funds | Cash Plus (auto-sweep) | Cash Plus equivalent | No |
| Bonds and unit trusts | Yes | Yes (unit trusts) | No |
| CDP-linked account | No (custodian only) | Yes (optional) | No |
| CPF/SRS support | No | No | No |
| Minimum deposit | None | None | None |
The practical verdict:
For SGX stock traders beyond year one, Longbridge is the cheapest of the three — platform fee only, no commission. For US stock trading, Moomoo and Longbridge are nearly identical at small trade sizes (both hit the US$0.99 minimum), while Webull charges zero platform fee but adds a per-share commission.
The clearest Longbridge advantage is for investors who want to build a long-term Singapore equities portfolio without any commission drag, ever — and who want access to bonds, funds, AI research, and pre-market options in the same app.
The clearest Moomoo advantage is Level 2 data and a larger, more established investor community. If you rely on community sentiment and real-time order flow data for trade decisions, Moomoo’s data layer is more developed.
Who Should Use Longbridge
Longbridge is a strong fit if:
- You want permanent zero commission on SG, US, and HK stocks and do not want to re-evaluate your broker in 12 months
- You buy and hold across Singapore and US markets and want the lowest long-term cost structure
- You want pre-market US options access at Singapore-friendly evening hours
- You want to earn interest on idle cash without manually managing a separate savings account
- You want access to bonds and unit trusts in the same brokerage interface
- You want to start with fractional US shares from as little as US$1
Longbridge is not a strong fit if:
- You need CDP-linked share ownership for SGX stocks — only Moomoo’s CDP account or traditional brokers provide this
- You need to invest using CPF-OA or SRS funds — neither Longbridge, Moomoo nor Webull support this; POEMS and FSMOne are the relevant options
- You rely on Level 2 real-time order flow data for active trading decisions — Moomoo includes Level 2 free, Longbridge charges for it
- You prioritise a broker with a decade-plus track record over a fast-growing newer entrant
- You trade very large FX volumes and need the absolute tightest currency conversion spread — Interactive Brokers still wins that category
Is Longbridge Worth It in 2026?
The math is clearest for a long-term SGX investor. A traditional CDP-linked broker charges S$20–25 per trade. At 20 trades a year, that is S$400–500 in annual commission costs, before any returns. Longbridge’s equivalent cost: 20 × S$0.99 minimum platform fee = S$19.80 — a 95%+ reduction.
For US stock investors, the comparison against Moomoo is marginal once you account for FX costs. Both hit the US$0.99 minimum platform fee on most retail trade sizes. The edge goes to whoever has a tighter FX spread on the day you convert currency — and that number moves with market conditions on both platforms.
The practical test to run: open an account, fund it with a small amount, and place a few real trades across SG, US, and HK markets. Track the actual platform fee and FX cost you incur. Compare that number against what you are currently paying. Let the math close the argument.
→ Sign up on Longbridge with a referral code — up to SGD 1,300 in welcome rewards
Frequently Asked Questions
Is Longbridge safe for Singapore investors?
Yes. Long Bridge Securities Pte. Ltd. is licensed by the Monetary Authority of Singapore under Capital Markets Services Licence CMS101211 with Exempt Financial Adviser status. Client funds are custodied by DBS Bank, legally separated from Longbridge’s own capital. Client securities are held through separate authorised third-party custodians. As a securities broker rather than a bank, Longbridge accounts are not covered by SDIC deposit insurance — that is the same for every retail brokerage in Singapore, including Moomoo and Tiger Brokers.
What are the actual platform fees? Is it really zero cost?
Commission is genuinely $0 for life across SG, US, and HK stocks. Platform fees apply separately: 0.03% (min S$0.99) for SGX trades; US$0.005 per share (min US$0.99) for US trades; HK$15 per order for HK trades. There is also an FX conversion spread — typically 0.05–0.10% — when you convert SGD to USD or HKD. No custody fees, no inactivity fees, no account maintenance fees.
What happens to my SGX shares — do they go into CDP?
No. Longbridge uses a custodian model, not a CDP-linked structure. Your SGX shares are held in a segregated nominee account under Longbridge’s custodian, not directly in your personal CDP account. You are the beneficial owner — you receive dividends and participate in corporate actions — but you cannot access the shares through CDP directly. If CDP ownership matters to you, use Moomoo’s optional CDP-linked account or a traditional broker.
How does Longbridge compare to Moomoo for SGX trading?
After the first year, Moomoo SGX traders pay 0.03% commission + 0.03% platform fee (combined minimum S$1.98 per trade). Longbridge SGX traders pay only the platform fee of 0.03% (minimum S$0.99) — permanently. Over 20 trades a year, that gap saves roughly S$20 annually at minimum-fee trade sizes, growing proportionally for larger trades. Moomoo’s offsetting advantage is free Level 2 market data and a more developed investor community.
What is Longbridge Cash Plus?
Cash Plus earns interest on idle SGD and USD cash in your Longbridge account by automatically investing it in the iFast SGD and USD Enhanced Liquidity Funds — both low-risk money market funds. The Auto-Sweep feature redeems your funds automatically when you place a trade, so you do not have to manually move money. It is a practical way to avoid leaving cash idle while still having it available for trading.
Does using a Longbridge referral code change my fees?
No — your trading fees are fixed regardless of how you sign up. A referral code unlocks welcome rewards (cash coupons, platform fee coupons, and stock rewards) for new accounts that meet deposit and trading criteria. The current referral event is running from 1–31 August 2026, with rewards worth up to SGD 1,300 at the SGD 2,000 net deposit milestone. Details and the current referral code are at the link below.
Final Verdict
Longbridge earns 4.3 out of 5 stars.
It earned top marks on fees — the most important factor for a buy-and-hold investor. Permanent zero commission across three markets, a S$0.99 minimum platform fee on SGX, no custody fees, and no inactivity fees is a structural cost advantage that compounds meaningfully over years. DBS Bank as cash custodian adds a concrete safety layer. LongbridgeAI, Cash Plus with auto-sweep, and SGT-friendly pre-market options are genuine features, not marketing fluff.
The rating went from 4.2 to 4.3 on this update because the fee schedule is now cleaner and better confirmed, LongbridgeAI has matured into a genuinely useful research tool, and the pre-market options window at Singapore-friendly hours is a real practical differentiator.
Deductions came from three areas: no CPF/SRS support (a hard limitation for a segment of Singapore investors), no CDP linkage for SGX holdings (relevant if share ownership in your own name matters to you), and lighter educational content versus Moomoo and Tiger Brokers (a real gap for newer investors who learn through in-app resources).
Open a Longbridge account if: you mainly buy and hold across SG, US, and HK markets, want the cheapest long-term fee structure, and do not need CPF/SRS or CDP linkage.
Look elsewhere if: you need to invest through CPF or SRS, need CDP-linked SGX ownership, or rely on Level 2 data and deep community research tools for your investment decisions.
→ Open a Longbridge account with a referral code — full welcome bundle details here
Have you used Longbridge? Drop your experience in the comments — I update this review based on real reader feedback.
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