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To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 85 quality online brokers, then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and much much more. To be selected best online broker, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.

5 brokers made it to the top in Singapore. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for best international online broker of 2021 for citizens in Singapore:

  1. Interactive Brokers is the best international online broker in 2021. Low trading fees. Wide range of products. Many great research tools.
  2. TD Ameritrade takes second place. Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  3. Saxo Bank rounds out the top three. Great trading platform. Outstanding research. Broad product portfolio.
  4. TradeStation, numero quattro. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
  5. tastyworks just made it to the list at in fifth place. Low trading fees. Great educational materials. Good research tools.
Best international online brokers of 2021 for citizens in Singapore
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 TD Ameritrade US-based stockbroker 4.9
#3 Saxo Bank Danish investment bank 4.8 Best forex broker
#4 TradeStation US stockbroker 4.7
#5 tastyworks US options and stockbroker 4.7 Best broker for options

What makes a good online broker? Surely, they need to provide great service in all areas. First of all, they need to offer fair fees and have a good safety score. Opening an account and depositing money should also be user-friendly processes. They need to provide access to a wide range of products and have a great platform.

These features are easy to list, but hard to figure out. We test brokers based on more than ~300 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with our in-depth comparison table.

And now, let's see the best international online brokers in 2021 for citizens in Singapore one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Singapore
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools High forex fees

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#1 Interactive Brokers
Fees
4.2

Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
US stock $1.0 $0.0 $10.0 $1.0 $0.0
UK stock $7.8 - $10.4 - -
EURUSD benchmark fee $7.4 $7.0 $7.8 - -
AUDUSD benchmark fee $8.7 $7.3 $7.2 - -
GBPUSD benchmark fee $8.7 $5.2 $6.3 - -
S&P 500 index CFD fee $2.8 - $1.5 - -
Europe 50 index CFD fee $3.1 - $2.1 - -

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#1 Interactive Brokers
Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most account types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Minimum deposit $0 $0 $10,000 $0 $0
Time to open account 1-3 days 1-3 days >3 days 1 day 1 day

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#1 Interactive Brokers
Deposit and withdrawal
3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal each month free
Interactive Brokers withdrawal fees and options
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
Interactive Brokers markets and products
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes No Yes No No
Crypto Yes Yes Yes Yes No

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#1 Interactive Brokers
Web trading platform
4.5

Interactive Brokers's web platform is simple and easy to use, even for beginners.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Singapore - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.5 stars 3.4 stars
Mobile platform score 3.8 stars 4.8 stars 5.0 stars 4.8 stars 4.2 stars
Desktop platform score 3.0 stars 4.5 stars 5.0 stars 2.5 stars 3.9 stars

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools

There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Below you can find links to all aspects of Interactive Brokers in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Interactive Brokers fees article.

What about the minimum deposit?

Our ultimate guide to the Interactive Brokers minimum deposit is updated regularly.

How to start your Interactive Brokers account?

Look no further than our evaluation of the Interactive Brokers account opening.

How's their trading app?

Here's our expert view after checking the Interactive Brokers trading app.

Is the quality of customer service satisfactory?

All you need to know about the Interactive Brokers customer service.

Legit or scam?

Is Interactive Brokers legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Interactive Brokers is really free.

Is this broker good for beginners?

We checked it in Is Interactive Brokers good for beginners.

Should you buy your silver bullets on Interactive Brokers?

Research for silver bugs in the Silver buy on Interactive Brokers guide

I want to trade options, are they available at Interactive Brokers?

We explored the topic in Can you trade options on Interactive Brokers?

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.2 stars
Recommended for Traders looking for low fees and a professional trading environment

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#2 Best international online brokers for citizens in Singapore
TD Ameritrade

4.9

This TD Ameritrade Review concludes that it is recommended for investors and experienced traders looking for solid research and a well-equipped desktop trading platform, the Thinkorswim platform.

It is one of the biggest US-based stockbrokers founded in 1975. As an online broker it is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

It is considered to be a safe broker as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only on US markets
Superb desktop trading platform Accounts mostly limited to US residents
Great customer support No credit/debit cards and electronic wallets for money transfer

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#2 TD Ameritrade
Fees
4.3

TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for futures.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
TD Ameritrade fees
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
US stock $1.0 $0.0 $10.0 $1.0 $0.0
UK stock $7.8 - $10.4 - -
EURUSD benchmark fee $7.4 $7.0 $7.8 - -
AUDUSD benchmark fee $8.7 $7.3 $7.2 - -
GBPUSD benchmark fee $8.7 $5.2 $6.3 - -
S&P 500 index CFD fee $2.8 - $1.5 - -
Europe 50 index CFD fee $3.1 - $2.1 - -

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Read review

#2 TD Ameritrade
Account opening
3.6

Pros Cons
Fully digital None
No minimum deposit
Many account types
TD Ameritrade minimum deposit and time to open an account
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Minimum deposit $0 $0 $10,000 $0 $0
Time to open account 1-3 days 1-3 days >3 days 1 day 1 day

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#2 TD Ameritrade
Deposit and withdrawal
2.2

The account funding is user-friendly with no deposit fees, but USD is the only available base currency, and wire transfers incur a high fee.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly High withdrawal fee for wire transfers
TD Ameritrade withdrawal fees and options
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#2 TD Ameritrade
Markets and products
4.0

You can trade many asset classes, from stocks to futures and forex, while nice extras include social trading and robo-advisory. On the other hand, only the US market is covered.
TD Ameritrade markets and products
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes No Yes No No
Crypto Yes Yes Yes Yes No

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#2 TD Ameritrade
Web trading platform
4.3

Pros Cons
User-friendly Limited customizability (for charts, workspace)
Two-step (safer) login
Good variety of order types
Best international online brokers for citizens in Singapore - TD Ameritrade trading platform
TD Ameritrade trading platforms
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.5 stars 3.4 stars
Mobile platform score 3.8 stars 4.8 stars 5.0 stars 4.8 stars 4.2 stars
Desktop platform score 3.0 stars 4.5 stars 5.0 stars 2.5 stars 3.9 stars

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#2 TD Ameritrade
Verdict

It is one of the biggest US online brokers. It charges no commission on stock and ETFs.

Research and education are outstanding, the Thinkorswim desktop platform is one of the best on the market. Customer service is great.

The drawbacks are that it charges high financing (margin) rates, and it doesn't accept credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers only the US markets.

We definitely recommend giving it a try, especially as their education tools include a demo as well.

Below you can find links to all aspects of TD Ameritrade in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our TD Ameritrade fees article.

What about the minimum deposit?

Our ultimate guide to the TD Ameritrade minimum deposit is updated regularly.

How to start your TD Ameritrade account?

Look no further than our evaluation of the TD Ameritrade account opening.

How's their trading app?

Here's our expert view after checking the TD Ameritrade trading app.

Is the quality of customer service satisfactory?

All you need to know about the TD Ameritrade customer service.

Legit or scam?

Is TD Ameritrade legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether TD Ameritrade is really free.

Is this broker good for beginners?

We checked it in Is TD Ameritrade good for beginners.

Should you buy your silver bullets on TD Ameritrade?

Research for silver bugs in the Silver buy on TD Ameritrade guide

I want to trade options, are they available at TD Ameritrade?

We explored the topic in Can you trade options on TD Ameritrade?

TD Ameritrade
Summary TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.3 stars
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

Read review

Saxo Bank Logo

#3 Best international online brokers for citizens in Singapore
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

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#3 Saxo Bank
Fees
3.1

Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees High bond, options and futures fees
No withdrawal fee
Saxo Bank fees
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
US stock $1.0 $0.0 $10.0 $1.0 $0.0
UK stock $7.8 - $10.4 - -
EURUSD benchmark fee $7.4 $7.0 $7.8 - -
AUDUSD benchmark fee $8.7 $7.3 $7.2 - -
GBPUSD benchmark fee $8.7 $5.2 $6.3 - -
S&P 500 index CFD fee $2.8 - $1.5 - -
Europe 50 index CFD fee $3.1 - $2.1 - -

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#3 Saxo Bank
Account opening
2.5

Saxo's account opening is fully digital, user-friendly and available in most countries. On the other hand, the minimum deposit is high in certain countries and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Slow account verification
Available in almost every country
Saxo Bank minimum deposit and time to open an account
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Minimum deposit $0 $0 $10,000 $0 $0
Time to open account 1-3 days 1-3 days >3 days 1 day 1 day

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#3 Saxo Bank
Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available for deposit or withdrawal
Free withdrawal
No deposit fee
Saxo Bank withdrawal fees and options
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#3 Saxo Bank
Markets and products
5.0

Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where the selection could be improved.
Saxo Bank markets and products
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes No Yes No No
Crypto Yes Yes Yes Yes No

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#3 Saxo Bank
Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Singapore - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.5 stars 3.4 stars
Mobile platform score 3.8 stars 4.8 stars 5.0 stars 4.8 stars 4.2 stars
Desktop platform score 3.0 stars 4.5 stars 5.0 stars 2.5 stars 3.9 stars

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#3 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.

Below you can find links to all aspects of Saxo Bank in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Saxo Bank fees article.

What about the minimum deposit?

Our ultimate guide to the Saxo Bank minimum deposit is updated regularly.

How to start your Saxo Bank account?

Look no further than our evaluation of the Saxo Bank account opening.

How's their trading app?

Here's our expert view after checking the Saxo Bank trading app.

Is the quality of customer service satisfactory?

All you need to know about the Saxo Bank customer service.

Legit or scam?

Is Saxo Bank legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Saxo Bank is really free.

Is this broker good for beginners?

We checked it in Is Saxo Bank good for beginners.

Should you buy your silver bullets on Saxo Bank?

Research for silver bugs in the Silver buy on Saxo Bank guide

I want to trade options, are they available at Saxo Bank?

We explored the topic in Can you trade options on Saxo Bank?

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 3.1 stars
Recommended for Investors and traders looking for a great trading platform and solid research

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TradeStation Logo

#4 Best international online brokers for citizens in Singapore
TradeStation

4.7

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Mediocre customer service

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#4 TradeStation
Fees
4.1

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees / Free stock trading
Multiple fee structures to choose from
TradeStation fees
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
US stock $1.0 $0.0 $10.0 $1.0 $0.0
UK stock $7.8 - $10.4 - -
EURUSD benchmark fee $7.4 $7.0 $7.8 - -
AUDUSD benchmark fee $8.7 $7.3 $7.2 - -
GBPUSD benchmark fee $8.7 $5.2 $6.3 - -
S&P 500 index CFD fee $2.8 - $1.5 - -
Europe 50 index CFD fee $3.1 - $2.1 - -

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#4 TradeStation
Account opening
5.0

TradeStation account opening is fully digital, user-friendly and fast. On the other hand, USD is the only available base currency (except for futures accounts).
Pros Cons
Fast Only USD accounts (unless you trade futures)
Fully digital
User-friendly
TradeStation minimum deposit and time to open an account
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Minimum deposit $0 $0 $10,000 $0 $0
Time to open account 1-3 days 1-3 days >3 days 1 day 1 day

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#4 TradeStation
Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; and the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit and withdrawal in cryptocurrencies High fee for wire withdrawal
Only USD accounts (unless you trade futures)
TradeStation withdrawal fees and options
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#4 TradeStation
Markets and products
2.8

TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
TradeStation markets and products
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes No Yes No No
Crypto Yes Yes Yes Yes No

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#4 TradeStation
Web trading platform
4.5

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Singapore - TradeStation trading platform
TradeStation trading platforms
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.5 stars 3.4 stars
Mobile platform score 3.8 stars 4.8 stars 5.0 stars 4.8 stars 4.2 stars
Desktop platform score 3.0 stars 4.5 stars 5.0 stars 2.5 stars 3.9 stars

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#4 TradeStation
Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfer. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

Below you can find links to all aspects of TradeStation in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our TradeStation fees article.

What about the minimum deposit?

Our ultimate guide to the TradeStation minimum deposit is updated regularly.

How to start your TradeStation account?

Look no further than our evaluation of the TradeStation account opening.

How's their trading app?

Here's our expert view after checking the TradeStation trading app.

Is the quality of customer service satisfactory?

All you need to know about the TradeStation customer service.

Legit or scam?

Is TradeStation legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether TradeStation is really free.

Is this broker good for beginners?

We checked it in Is TradeStation good for beginners.

Should you buy your silver bullets on TradeStation?

Research for silver bugs in the Silver buy on TradeStation guide

I want to trade options, are they available at TradeStation?

We explored the topic in Can you trade options on TradeStation?

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.1 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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#5 Best international online brokers for citizens in Singapore
tastyworks

4.7

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients

The people behind tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

Recommended for options and futures traders focusing on us markets

Pros Cons
Low trading fees Limited product selection
Great educational materials Few deposit and withdrawal options
Good research tools No demo account

Read review

#5 tastyworks
Fees
4.5

tastyworks has low trading fees and there is no inactivity fee. On the other hand, you have to pay a high withdrawal fee for wire transfers.
Pros Cons
Low trading fees Withdrawal fee for bank (wire) transfers
Low stock and ETF fees / Free stock trading
No inactivity fee
tastyworks fees
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
US stock $1.0 $0.0 $10.0 $1.0 $0.0
UK stock $7.8 - $10.4 - -
EURUSD benchmark fee $7.4 $7.0 $7.8 - -
AUDUSD benchmark fee $8.7 $7.3 $7.2 - -
GBPUSD benchmark fee $8.7 $5.2 $6.3 - -
S&P 500 index CFD fee $2.8 - $1.5 - -
Europe 50 index CFD fee $3.1 - $2.1 - -

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Read review

#5 tastyworks
Account opening
5.0

tastyworks account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
Pros Cons
Fast None
Fully digital
No minimum deposit
tastyworks minimum deposit and time to open an account
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Minimum deposit $0 $0 $10,000 $0 $0
Time to open account 1-3 days 1-3 days >3 days 1 day 1 day

Read review

#5 tastyworks
Deposit and withdrawal
1.9

tastyworks's deposit and withdrawal functions are easy to use and there's no deposit fee, but you can use only bank transfer, and withdrawals can be expensive especially for non-US clients.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH withdrawals in the US High fee for wire withdrawals
tastyworks withdrawal fees and options
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

Read review

#5 tastyworks
Markets and products
2.6

At tastyworks, you can trade US stocks, ETFs, options and some futures. Other popular asset classes like mutual funds or bonds are missing, as are international assets.
tastyworks markets and products
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes No Yes No No
Crypto Yes Yes Yes Yes No

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#5 tastyworks
Web trading platform
3.4

The tastyworks web platform is great for experienced traders, especially for options trading. However, it takes time to figure out how its functions work, and its customizability is limited.
Pros Cons
Clear fee report Limited customizability (for charts, workspace)
Price alerts Not suited for beginners
Two-step (safer) authentication for certain functions
Best international online brokers for citizens in Singapore - tastyworks trading platform
tastyworks trading platforms
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.5 stars 3.4 stars
Mobile platform score 3.8 stars 4.8 stars 5.0 stars 4.8 stars 4.2 stars
Desktop platform score 3.0 stars 4.5 stars 5.0 stars 2.5 stars 3.9 stars

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#5 tastyworks
Verdict

tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.  

tastyworks's trading fees are low, with free stock and ETF trading fees. Its trading platform is aimed at experienced options traders, and can be intimidating for beginners. However, its educational and research tools are great for learning. Deposit and withdrawal processes could be better, and a demo account would also be great for practice purposes.

As there is no minimum deposit, no inactivity fee or monthly fee, and the account opening process is seamless, you should feel free to try it.

Below you can find links to all aspects of tastyworks in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our tastyworks fees article.

What about the minimum deposit?

Our ultimate guide to the tastyworks minimum deposit is updated regularly.

How to start your tastyworks account?

Look no further than our evaluation of the tastyworks account opening.

How's their trading app?

Here's our expert view after checking the tastyworks trading app.

Is the quality of customer service satisfactory?

All you need to know about the tastyworks customer service.

Legit or scam?

Is tastyworks legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether tastyworks is really free.

Is this broker good for beginners?

We checked it in Is tastyworks good for beginners.

Should you buy your silver bullets on tastyworks?

Research for silver bugs in the Silver buy on tastyworks guide

I want to trade options, are they available at tastyworks?

We explored the topic in Can you trade options on tastyworks?

tastyworks
Summary tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.
Fees score 4.5 stars
Recommended for Options and futures traders focusing on US markets

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Best international online brokers for citizens in Singapore
What makes a good online broker

Now that you know the top 5, you are probably curious how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago, if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like characters in the movie 'Wolf of Wall Street'. They were constantly monitoring stock prices while holding the phone and shouting. The Internet changed all that. Nowadays, if you want to invest in Apple shares, you open an online account, deposit money, and set up an order on the brokers' online platform. These platforms are the online brokers. Online brokers help you buy and sell securities like stocks and ETFs. After creating your order, the online broker executes it immediately. It all takes place online.

Are these brokers safe?

We consider each broker on our list safe. You can be sure none of them is a scam. All the brokers featured on BrokerChooser are regulated by at least one authority.

However, brokerage companies can still go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.

If all goes wrong, and for example, the broker steals your assets, then you have a last resort: the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best online brokers?

At BrokerChooser, we test online brokers based on more than ~300 criteria, with real accounts and real money. We don\'t want to overwhelm you, so we will list the five most important criteria.

5 most important criteria for the best online brokers in 2021
1. Fees The trading fees of a typical US equity trade can be 50 times higher at one online broker compared to another. It's definitely worth checking these fees.
2. Account opening Some online brokers require a minimum deposint to start investing while others don't ask for a fix first-time deposit. Check these reuirements at the best online brokers.
3. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take 5 times longer and be much more expensive than at others.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
4. Markets and products You want to invest in Amazon or trade Bitcoin? They might not be available. Check the product lineup before opening an account.

Best international online brokers for citizens in Singapore
Bottom line

These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Singapore:

Best international online brokers for citizens in Singapore
Interactive Brokers TD Ameritrade Saxo Bank TradeStation tastyworks
Overall score 4.9 4.9 4.8 4.7 4.7
Best in Best online broker Best forex broker Best broker for options
Fees score 4.2 stars 4.3 stars 3.1 stars 4.1 stars 4.5 stars
Account opening score 3.4 stars 3.6 stars 2.5 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 3.5 stars 2.2 stars 4.8 stars 2.3 stars 1.9 stars
Markets and products score 5.0 stars 4.0 stars 5.0 stars 2.8 stars 2.6 stars
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.5 stars 3.4 stars
Mobile platform score 3.8 stars 4.8 stars 5.0 stars 4.8 stars 4.2 stars
Visit broker Read review Visit broker Visit broker Read review

Interactive Brokers is our winner, the best international online broker in Singapore for 2021. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with the help of our in-depth comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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