How to Buy Stocks in Singapore in June 2022


To buy stocks from the comfort of home in Singapore, investors need the assistance of an online broker.

In this guide, we explain how to buy stocks in Singapore at 0% commission.

We also offer comprehensive reviews of the best stock brokers in Singapore, alongside a list of the top shares to buy in 2022.

How to Buy Shares in Singapore – Quick Guide

When searching for the best stock broker in Singapore, Capital.com is worth considering. This CFD trading platform offers thousands of stocks with 0% commission.

To buy stocks today, Singaporean investors can follow the steps outlined below:

  • Step 1: Open a Capital.com Account –  Signing up at Capital.com couldn’t be easier. Click ‘Trade Now’ and enter an email address and password. The platform will also require some basic information regarding the user’s identity and will ask for some ID and proof of address.
  • 💳 Step 2: Deposit Funds – The minimum deposit at Capital.com is $20, which is around S$28. The platform accepts credit and debit cards, as well as bank wire transfers.
  • 🔎 Step 3: Search for Shares – Capital.com lists over 5,000 shares. To find the correct stock quickly, type it into the search bar on the main dashboard. When the correct stock appears, click it.
  • 🛒 Step 4: Buy Shares in Singapore – The minimum trade size at Capital.com is just $1 which is around S$1.40. Click ‘Buy’ and enter the desired stake to complete the order.

There will be a more detailed guide on how to buy stocks in Singapore later on for complete beginners.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.

Where to Buy Stocks in Singapore – Best Stock Brokers Reviewed

Once a trader has familiarised themselves with how to buy stocks in Singapore, it’s a matter of choosing the best platform to fulfill the order.

We’ve reviewed the best stock brokers in Singapore for this purpose.

Traders can find information on the number of stocks available, deposit options, features, and more. This should be useful when deciding where to buy stocks in Singapore.

1. Capital.com – Overall Best Share Trading Platform in Singapore 

Capital.com review

Capital.com is the overall best stock trading platform in Singapore. Here, people can speculate on more than 5,000 shares and those who qualify can trade with leverage. This is because Capital.com is a CFD trading platform.

For those unaware, CFDs allow people to predict the rise or fall of a share price without having to own the stock. Instead, the CFD merely tracks the underlying asset. This also enables traders to open a larger position than their funds would otherwise allow. Ever wondered what the best crypto exchange in Singapore is? Capital.com also offers access to crypto CFDs which means traders can buy Bitcoin CFDs and speculate on the price movements of the world’s largest cryptocurrency.

CFDs also allow people to speculate in either direction, meaning they can try to make gains from a stock that is falling in value. Leverage up to 1:5 is offered on stocks. Inexperienced Singaporean traders should use leveraged trading with caution, as it also magnifies losses.

Capital.com review singapore stock

There are multiple drawing tools on the Capital.com platform and over 75 indicators for those who wish to carry out technical analysis. The ‘learn to trade’ section includes basic trading guides covering various assets, as well as some finance courses.

The ‘news and analysis’ suite covers webinars, insights, explainers, and an economic calendar. In terms of safety. Capital.com is regulated by the FCA, ASIC, NBRB, and CySEC. As such, this is one of the safest places to trade stocks in Singapore.

Capital.com review singapore

Moreover, according to regulatory guidelines, Capital.com stores its clients’ money in segregated bank accounts. Capital.com offers 24/7 support. Investors can contact the team via email or phone. There is also a comprehensive FAQ section that usually resolves the most common queries.

The minimum deposit is $20 and accepted payment methods include wire transfer, credit/debit card, WebMoney, Skrill, and Neteller. Note that wire transfers require a minimum deposit of $250 (around S$346). The minimum stake to trade stocks is only $1.

Supported Shares 5,000+
Share Trading Commission 0%
Minimum Share Purchase  $1
Minimum Deposit $20

What We Like

  • Trade shares with leverage
  • Regulated CFD trading platform
  • 5,000+ shares
  • Great mobile app
  • $10,000 demo account
  • Offers one of the best crypto apps in Singapore

78.91% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

2. EasyEquities – Invest in Fractional Shares From $1

EasyEquities logo

EasyEquities is also worth considering for traders who want to add stocks to their portfolio in fractional quantities. On this platform, the minimum trade amount is just $1.

There is a wide range of stocks listed on EasyEquities. This platform also offers baskets and bundles, which refers to a group of pre-selected shares people can add to their portfolio via a single investment.

The trading fee to buy and sell stocks is 0.25% of the transaction. The platform states that there is a 1-cent minimum on smaller transactions. There is also a clearing service and admin fee listed in the fee table, which is 0.31% on buy and sell orders.

EasyEquities review Singapore

This platform also offers ETFs. Regulation comes from the FSCA and ASIC. EasyEquities is based in South Africa but international payments can be made to fund a USD-based account on the platform.

Traders can fund their EasyEquities account via a credit/debit card or bank transfer. There is no deposit fee charged by the platform. However, it’s wise to check the potential charges from the card provider.

Supported Shares Multiple global exchanges
Share Trading Commission 0.25%
Minimum Share Purchase  $1
Minimum Deposit None stated

What We Like

  • No minimum deposit
  • Fractional investing from $1
  • Credit cards accepted

3. Alpaca Trading – US-Based Stock Broker For Commission-Free Algorithmic Trading

Alpaca logo

Alpaca Trading allows Singaporean residents to buy and sell stocks via algorithmic tools. Put simply, traders can link the account to Alpaca’s automated trading system. This enables orders to be executed automatically based on pre-defined rules and conditions.

Traders can get started by allocating as little as $1, which in most cases means they are buying a fraction of a share. This platform is also the best broker for US stocks in Singapore. In fact, the platform only offers US-listed stocks. Regulatory fees might apply on sell orders placed at Alpaca Trading.

Alpaca trading review singapore

The platform also states that traders who choose to buy or sell stocks with a wire transfer will be charged 1.5% or $25, depending on which is less. This applies to all incoming and outgoing transactions. That said, when traders buy, sell and short US stocks via the API, this will be on a commission-free basis.

There is no minimum deposit to open a live account.  For anyone unsure about utilizing APIs for algorithmic stock trading, there is a demo account available.

Supported Shares 8,000+ including ETFs
Share Trading Commission 0% when using APIs
Minimum Share Purchase  $1
Minimum Deposit None stated

What We Like

  • API trading
  • No minimum deposit on live personal accounts
  • Lists 8,000+ stocks and ETFs

4. Passfolio – Stock Broker With Automated Smart Portfolios

Passfolio offers Singaporean traders acces to over 6,000 stocks, ETFs, ADRs and REITs. The minimum investment when buying stocks is $5 via fractional trading. The platform lists lots of US stocks, albeit, international equities are offered as ADRs.

Passfolio logo

In terms of fees, international credit/debit cards will incur a fee of 5%. Wire transfer deposits are free, whereas withdrawals attract a fee of $35. When buying and selling stocks, the first 10 are commission-free on US-listed shares.

After this, the platform charges 0.25% per order, with a minimum and maximum of $1 and $8 respectively. Third-party payment providers such as Revolut and TransferWise are free of charge.

Passfolio review Singapore

All stocks valued at less than $5 per share will attract a fee of $0.02. Passfolio allows traders to utilize automated investing tools via the platform’s Robo Advisor. Passfolio will ask the trader some questions about their risk tolerance and goals.

Next, the platform will choose a suitable portfolio of stocks and manage it using a sophisticated algorithm. Passfolio also offers a mobile phone app that permits trading on the move.

Supported Shares 6,000+ including ETFs, ADRs and REITs
Share Trading Commission 0.25% (min $1, max $8) per order after 10 monthly trades. Securities less than $5 cost $0.02 per share.
Minimum Share Purchase  $5
Minimum Deposit None stated

What We Like

  • Automated Smart Portfolios are available
  • Free mobile phone app
  • Lists ETFs, REITs, and ADRs

5. MooMoo – Singapore-Based Trading Platform with Sign-Up Offers

MooMoo logo

MooMoo is a top choice for those who want to buy US stocks in Singapore. All US stocks are offered commission-free for one year. After that, the fee is $0.99 per order, which is around S$1.40.

Traders can also access the best shares to buy right now on SGX and also HKG. Although note that the commission fee, in this case, is 0.03% of the transaction amount, with a minimum of $0.99 per order.

MooMoo also lists a platform fee of 0.03% of the transaction amount. There is also a trading fee of 0.0075% noted, as well as a clearing charge which is 0.0325% of the transaction amount.

MooMoo review singapore

This platform is also popular for its sign-up offers. For instance, at the time of writing, MooMoo offers a list of rewards that includes a spin on the wheel for a free share up to the value of…



Read More: How to Buy Stocks in Singapore in June 2022

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments