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Best Trading App in Singapore – TOP 8

Many trading programs are regulated by Singapore law or invite users from the island state. However, these applications have different algorithms of usage. In this article we’ll talk about the main characteristics of trading utilities.  

  • 8 Best Singaporean Trading Apps

Experts prepared a list of 8 most popular programs, arranged in accordance to their functionality. 

AppBest for
Interactive BrokersBest for stock trading
e ToroBest for free copy trading
IG MarketsBest CFD trading experience
IC MarketsLow spread Forex trading
AvaTradeBest for beginners in trading
CMC MarketsBest analytical tools
TickmillProgram with the best mobile charting
Plus500Low costs of trading
   

In the table below, experts compared 8 trading apps according to some features to find the best trading app Singapore.

 Trading AppInitial DepositRegulation in SingaporeCopy-trading (yes/no)Maximum LeverageSGD Account
Interactive BrokersIBKR Mobile$0YesNo1:50Yes
eToroeToro$50NoYes1:30No
IG MarketsIG Trading$0YesYes30:1Yes
IC MarketsIC Markets mobile$200NoYes30:1Yes
AvaTradeAvaTradeGO, AvaOptions$100NoYes30:1No
CMC MarketsCMC Markets mobile$0YesYes30:1Yes
TickmillTickmill app$100NoYes30:1No
Plus500Plus500 mobile$100YesNo30:1Yes
  • Overview of the Interactive Brokers App

Interactive Brokers is a safe brokerage firm highly valued by Singaporean brokers for its benefits. The trader has been working on the market since 1978. Advantages of the company are low costs, excellent execution of transactions and wide market coverage. The broker is regulated by the following regulators: 

  • MAS – Monetary Authority of Singapore;
  • JFSA – Japanese Financial Services Authority;
  • Other tier-1 regulators. 

Using Interactive Brokers, traders have the opportunity to trade funds, options, forex, stocks and futures on over 130 markets. This broker is widely used for its low fees for international stocks, especially US stocks. The company doesn’t charge a percentage for a transaction and it doesn’t have a minimum starting account. It means that everyone can start trading with $0. Another reason for the high demand of Interactive Brokers is that they have two platforms. 

The IBKR Litr utility allows traders to have an unlimited number of free exchange-traded funds and trades, as well as stocks listed on US financial exchanges. In addition, if you have an account in the platform, you can trade in other investments on 135 exchanges in 33 countries, despite the fact that the costs will be the same as what the IBKR pro traders pay. 

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