The Finest Trading Apps in Singapore

Use our in-depth reference to Trading Apps in Singapore as a starting point for your exploration of the exciting world of financial markets. These applications act as portals to real-time trading in the fast-paced world of investments, allowing users to easily traverse stocks, cryptocurrencies, and other financial products.

No matter how experienced you are as an investor or how fresh you are to trading, this carefully crafted list explains the many features, capabilities, and advantages that the best trading apps in Singapore have to offer. Come along as we explore the world of financial technology, giving you the tools you need to take advantage of opportunities and make wise judgments in the trading industry’s constant state of flux.

Best Trading Apps in Singapore

1

POEMS

POEMS is a local firm that provides a variety of trading platforms. As with our last post, you may pick between many trading platforms based on your skill level and requirements.

For example, POEMS 2.0 is their main platform, providing access to over 40,000 assets across 26 global exchanges, including equities, ETFs, gold, futures, and much more. We discovered that it comes with all of the essential functionality that novices require to manage their accounts.

Both the online and mobile platforms are quite simple to use. We also enjoy how useful some tools are, including “live order notifications,” which provide customized, real-time updates on your orders.

There are also dedicated platforms for professional and active dealers. For example, Phillip FXTrader allows you to obtain multibank quotations with a single click.

POEMS Pro, on the other hand, allows you to completely customize your workplace to meet your specific demands. It is best suited for experienced traders because it includes several screens and other risk management tools.

We also heard that customer care responds quickly to queries, whether via email or phone calls. While they may not have the lowest commission rates available, we found them to be typically affordable. It’s disappointing to see them demand a holding fee for inactive customers, so keep that in mind as well.

Highlights:

• Wide market range
• Several platforms available for different skill levels
• Available on web and mobile platforms (Apple and Android)
• Relatively fast customer assistance 
• Easy-to-use platform

Great improvement from POEMS mobile 2! Easy on the eyes due to the dark background. A cleaner interface gives the new fintech platforms a run for their money. Great variety of indicators which is important for traders. Real time update of funds performance is great improvement too. Love the community tab that allows traders to exchange ideas. – Khoo Wee Meng

2

Interactive Brokers

The main reason Interactive Brokers is ranked here is their wide selection of markets. In addition to stocks, you may trade or invest in bonds, cryptocurrencies, US spot gold, and more.

We can see right away that Interactive Brokers is better suited for experienced traders than it is for novices. Their UI, with all these elements that make it hard for beginners to comprehend and operate, is one sign of this.

Additionally, the app may be quite erratic, particularly in times of market volatility. To the dismay of frequent traders, you will also need to pay extra for access to real-time stock quotations.

Generally, the platform takes some getting accustomed to, but since you can customize your layout, that shouldn’t be too much of an issue.

However, we appreciate how adaptable their trading and funding tools are. You may trade any goods in a different currency and fund your account with any of the 24 available currencies here.

We also like that there are no minimum and maximum commission requirements when trading US stocks. Otherwise, fixed rates—which are still very low—apply to stocks and ETFs listed outside of the United States.

Highlights:

• Wide market range
• Customisable layout
• No commissions on US stock trading
• Relatively low commission fees
• Available in web and mobile platforms (Apple and Android)

Take the comments you see with a pinch of salt. I made a call on 3 July and I was pleasantly surprised by how professional the staff were. Guided me through the process of setting up my account. All in all a pleasant experience. – Jeremy Cheong

3

Saxo Markets

Flexibility is one feature that sets Saxo Markets apart from the competition. Saxo Markets offers a variety of trading platforms to suit traders of all skill levels, from novices to experts.

For example, SaxoInvestor is the best option if you’re looking for a simple interface to manage your trades and other typical investing products quickly.

With no complex features to worry about, the app—which is available on Google Play and the App Store—has everything novices need to trade and manage their bonds, mutual funds, equities, and exchange-traded funds. A ton of instructional resources that are ideal for beginners are also available.

SaxoTraderPRO and SaxoTraderGO, which both provide more sophisticated tools including CFD trading and options, are better suited for seasoned traders.

Taking everything into account, we can state that—of course, depending on the user’s experience and degree of expertise—their platforms are really simple to use.

Commission costs will vary based on the plan you select in terms of price. Although there is a free plan, commission costs might be somewhat hefty, which is unfortunate.

For instance, under the free plan, commission rates for US equities are set at $3. In the meanwhile, commission costs for US equities are fixed at $0.65 under the “diamond” plan.

Highlights:

• Wide market range
• Several platforms available for different skill levels
• Available in web and mobile platforms (Apple and Android)
• Easy to use platform
• Relatively fast customer assistance 

Needed some help with my Saxo Trader account, spoke with Ming Ming Koh. She was very polite, and helped me with my inquiry, in Avery professional and friendly manner. Thank you Ming Ming. – Lyn

In conclusion, our exploration of Trading Apps in Singapore unveils a landscape where financial markets are at your fingertips. Whether you are a seasoned trader or a novice investor, these apps provide a gateway to real-time trading, offering diverse features and functionalities to cater to various needs. As the financial technology landscape evolves, these trading apps continue to play a pivotal role in empowering users to make informed decisions and navigate the complexities of the market.

Stay tuned for the ever-expanding world of trading apps, where innovation and accessibility merge to redefine the way we engage with financial markets in Singapore and beyond. Elevate your trading experience and embark on a journey of financial empowerment with these top-notch apps.

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