Can I buy Singapore stocks at Zacks Trade as of December 2024?
Curious if you can invest in the Singapore stock market through Zacks Trade? We’ve got the answer for you.
Great news: you can trade Singapore stocks at Zacks Trade. So if you're aiming to diversify your portfolio with some Tiger economy strength, you're in the right place.
Together with my brokerage analyst colleagues, I thoroughly tested the services of Zacks Trade by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about trading Singapore stocks at Zacks Trade:
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Zacks Trade is among the few global brokers where you can trade stocks on the Singapore Exchange (SGX).
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Trading in Singaporean stocks is rarely free, so expect to pay a fee.
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Check out the best brokers for Singapore stocks to see your top available options.
Before we begin, let's see if Zacks Trade is available in your country:
Zacks Trade is one of the select brokers where you can trade Singapore stocks
Let’s say you are an adventurous investor, sipping your morning coffee while scanning global markets. You’re tired of the same old US and European stocks and want to diversify your portfolio to include companies from less major markets. So you start to wonder, “Where can I trade Singapore stocks, which brokers offer this?”
Well, order up a Singapore Sling cocktail, because Zacks Trade is among the small number of global brokers where you can trade Singapore stocks. If you want to diversify your investments by investing in this Asian stock market, Zacks Trade is a good choice.
The Singapore Exchange (SGX) is the main stock exchange in Singapore. It offers trading in equities, bonds, and derivatives. The Straits Times Index (STI) is the primary benchmark, covering the top 30 companies. Around 700 companies are listed on the SGX.
Trading Singapore stocks usually carries a fee
While you might be able to trade stocks commission-free at many brokers for major markets like the US and Europe, this isn't always the case for all stock markets. If you're interested in stocks from other developed markets, like Singapore, you might have to pay a little bit extra. It's kind of like when you go to a specialty store for a unique beer – the rare stuff usually costs more.
Now let’s check out exactly what fees you will face when trading Singapore stocks at Zacks Trade:
Singapore stock trading fees at Zacks Trade: 0.3% of trade value with a SGD 20 minimum.
Alright, let's take a closer look at what Zacks Trade has to offer overall. Here’s a handy table that breaks down all the essential details:
💰 Zacks Trade stock fee class | Low |
📃 Zacks Trade number of available stock markets | 90 |
💰 Zacks Trade minimum deposit | $250 |
💰 Zacks Trade inactivity fee | Yes |
📃 Zacks Trade deposit methods | Bank transfer |
🗺️ Country of regulation | USA |
🎮 Zacks Trade demo account provided | Yes |
Data updated on December 18, 2024
Browse the best competitors for trading Singapore stocks
Not fully satisfied with Zacks Trade overall? Wondering if there is another broker that also offers Singapore stocks, but with better overall service and conditions?
Head over to our toplist of the best brokers for trading Singapore stocks to explore Zacks Trade’s top competitors for diversifying your portfolio with stocks from Singapore. Browse through our curated selection of top-notch brokerages to see if you can go one better than Zacks Trade!
FAQ
What is the largest stock exchange in Singapore?
The largest stock exchange in Singapore is the Singapore Exchange (SGX), where about 700 companies are listed.
Can I invest in the Singapore stock market?
There are no limitations in general to invest in Singapore stocks. All you have to do is find a broker that makes this market available for you.
What are the fees for trading Singapore stocks?
The exact fee varies by broker. Although you may find some brokers that offer Singapore stocks commission-free, in general you should expect to pay some type of commission. Usually, brokers will set a percentage fee of the trade value, and also charge a minimum fee. For example, 0.1% of trade value, with a minimum of SGD 5.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Diversifying your investments
- Stock trading at Zacks Trade: an expert guide and rating
- Zacks Trade penny stocks trading conditions explained
- ETF trading conditions at Zacks Trade explained
- Zacks Trade fractional shares trading conditions explained
- Are margin interest rates low at Zacks Trade?
- Zacks Trade cash interest rate
- Zacks Trade ESG investing
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