List of Recommended Brokerages (Updated 2024)
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List of Brokerages
If you are opening an account you can use my referral links to do so, and we will both get some perks.
- Interactive Brokers – Mixed
- Saxo Markets – Mixed
- Gemini – Crypto (Fiat, BTC, ETH)
- Tiger Brokers – Stocks
- Moomoo – Stocks
Which Brokerages for which Products?
Forex, Bonds, Commodities
If you are trading forex or CFDs, most brokerages offer quite similar rates due to the competitive industry. Just make sure you pick a broker which is regulated by an established regulator, such as:
- UK Financial Conduct Authority (FCA)
- Australian Securities and Investment Commission (ASIC)
- Monetary Authority of Singapore (MAS)
If you are based in the US, you can use Interactive Brokers for forex and CFD trading, but I find it slightly less user-friendly.
Stocks, Stock Indices, ETFs, REITs
If you are looking to buy stocks/ETFs/REITs from around the world, or trade individual stocks actively, then I would recommend Interactive Brokers for its low commissions. If you are outside the US, you can also consider Saxo Markets.
If you are looking to buy or trade stocks/ETFs/REITs in the Singapore stock market only, then I would suggest Tiger Brokers or Moomoo.
Cryptocurrencies
If you are looking to buy and own cryptocurrencies directly, you can use a crypto brokerage such as Gemini.
If you don’t mind buying cryptocurrencies indirectly, you can buy crypto trusts or ETFs using Interactive Brokers or Saxo Markets for long-term investment.
If you are wondering what brokerage, software & tools to use, also check out: “Best Tools & Resources for Your Trading & Investing”
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Educational content only, not personalised financial advice. Trading carries risk, including loss of capital. Past performance is not indicative of future results. Synapse Trading is not licensed or regulated by MAS.
