Best Singapore Brokers for S-REITs

Comparison of six MAS-regulated brokers serving Singapore retail REIT investors. Commissions, CDP support, SRS compatibility, and what each is best for. Data as of March 2026 — always verify current rates on the broker's own site before opening an account.

Disclosure: we may receive a referral fee when you open an account through links on this page. This doesn't affect our rankings — they're based on cost, custody model, and SG-specific features, not affiliate payout.

Broker	Commission	CDP	SRS	Best for
Tiger Brokers SG	0.03% min S$0.99 (SGX)	Custodian	Yes	Cost-sensitive REIT investors who don't need CDP, want SRS access.
Moomoo SG	0.03% min S$0.99 (SGX)	Custodian	Partial	Active screening; mobile-first investors comfortable with custodian model.
Saxo Markets	0.08% min S$5 (SGX, with CDP routing higher)	Yes	Yes	Investors who want true CDP ownership, dividend tax handling clarity.
Interactive Brokers	0.08% min S$2.50 (SGX)	Custodian	No	Cross-border investors holding US + SG + HK equities together.
FSMOne	0.08% min S$10 (SGX, CDP route)	Yes	Yes	Investors building diversified REIT + UT portfolios; want SRS + CDP.
Webull SG	0.025% min S$0.80 (SGX)	Custodian	Yes	Promo-hunters; investors switching from Tiger looking for slightly lower fees.

Tiger Brokers SG

tiger

Lowest commissions among MAS-regulated brokers for retail traffic.

SGX commission: 0.03% min S$0.99 (SGX)
Min funding: S$0
Custody: Custodian
SRS support: Yes

Platform: Tiger Trade app + web

Best for: Cost-sensitive REIT investors who don't need CDP, want SRS access.

Watch out for: Holdings sit in Tiger's custody account — not directly in your CDP. Means dividends route through Tiger.

Moomoo SG

moomoo

Aggressive promos, slick app, custodian-only.

SGX commission: 0.03% min S$0.99 (SGX)
Min funding: S$0
Custody: Custodian
SRS support: Partial

Platform: Moomoo app + web

Best for: Active screening; mobile-first investors comfortable with custodian model.

Watch out for: Same custodian setup as Tiger. SRS not on all account types — check before opening.

Saxo Markets

saxo

Established platform with CDP-direct option and pro-grade tooling.

SGX commission: 0.08% min S$5 (SGX, with CDP routing higher)
Min funding: S$0 (no minimum)
Custody: Yes
SRS support: Yes

Platform: SaxoTraderGO + SaxoTraderPRO

Best for: Investors who want true CDP ownership, dividend tax handling clarity.

Watch out for: Higher commissions than Tiger/Moomoo. Best for buy-and-hold REIT positions, not active trading.

Interactive Brokers

ibkr

Global broker, low fees, custodian-only for SGX.

SGX commission: 0.08% min S$2.50 (SGX)
Min funding: S$0
Custody: Custodian
SRS support: No

Platform: TWS desktop + IBKR mobile + GlobalTrader

Best for: Cross-border investors holding US + SG + HK equities together.

Watch out for: No SRS support. Custodian-only. UI has a learning curve.

FSMOne

fsmone

Local platform with strong unit-trust + ETF library, REIT trading included.

SGX commission: 0.08% min S$10 (SGX, CDP route)
Min funding: S$0
Custody: Yes
SRS support: Yes

Platform: FSMOne web + mobile

Best for: Investors building diversified REIT + UT portfolios; want SRS + CDP.

Watch out for: Commissions on the high end. Better for monthly DCA than active trading.

Webull SG

webull

Newer entrant, similar custodian model to Tiger/Moomoo.

SGX commission: 0.025% min S$0.80 (SGX)
Min funding: S$0
Custody: Custodian
SRS support: Yes

Platform: Webull app + web

Best for: Promo-hunters; investors switching from Tiger looking for slightly lower fees.

Watch out for: Smaller user base in SG — fewer local content/support resources than Tiger or Moomoo.

CDP vs Custodian — what's the difference?

CDP (Central Depository): shares are registered directly in your name at the Singapore Exchange's depository. Dividends go straight to your bank, AGM rights flow to you directly. The traditional model.

Custodian (omnibus): the broker holds shares on your behalf in a pooled account. Cheaper commissions, but you don't appear on the share register; dividends route through the broker; voting rights typically not exercised. Most newer low-cost brokers (Tiger, Moomoo, IBKR) use this model.

Neither is “better” — it's a tradeoff between cost and ownership clarity. For long-term REIT income investors who value direct dividend deposits and AGM access, CDP wins. For active traders or those using SRS aggressively, custodian platforms often win on total cost.

SRS — should I use it for REITs?

SRS (Supplementary Retirement Scheme) is a Singapore tax-deferred wrapper. Contributions reduce taxable income; withdrawals after age 62 are taxed at 50% of the prevailing rate. For dividend-heavy REIT portfolios with a long holding horizon, SRS compounds efficiently — but this site doesn't give tax advice. See your accountant or the IRAS SRS guide.