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We have found the best Online Broker for you, whether you are an active trader or a buy & hold investor, whether you are buying ETFs in US or single stocks in Indonesia.
Interactive Brokers is 80%+ cheaper than others in most markets and has the best tools and data. It is the best Broker for most people in Singapore.
A study shows IBKR has high trade execution costs for US Stocks. Its still cheaper than most other brokers for US and has the best data & tools. Its still the best broker in Singapore.
Webull offers true 0 commission trading (0 platform fee too) but has high spreads to convert FX. The App is very similar to moomoo / Tiger with less gamification.
The "Zero Commission" offers for US stock by moomoo & Tiger cut effective commissions by 7-25% but do not touch FX spread which accounts for 80% of the all-in trading cost. Our pick, IB, is still cheaper by upto 90%.
Tiger Brokers has a full-featured gamified trading app but charges high FX conversion spreads.
Interactive Brokers allows you to create a DIY Robo-Advisor, saving hundreds of dollars a year, but has some risks and requires discipline in investing.
Syfe Trade app offers a simple UI to trade US stocks but has limited tools and a high FX spread.
moomoo has a well-designed gamified trading app but charges high FX conversion spreads.
Saxo's trading platforms are the most modern and user-friendly but their commissions are relatively high.
POEMS is the best broker for trading smaller markets like Indonesia and Malaysia but is expensive for bigger markets.
