How to Buy US Stocks from Singapore in 2026
Singapore is one of the best places in the world to invest in US stocks. There is no capital gains tax, English is an official language, and multiple excellent platforms serve Singaporean investors.
Here is how to get started.
Why Singapore Is Perfect for US Stock Investing
Zero capital gains tax: Unlike most countries, Singapore does not tax capital gains on stock investments No dividend withholding reduction: US dividends face 30% withholding (no tax treaty for individuals), but no additional Singapore tax
Strong SGD: The Singapore Dollar is one of the strongest currencies in Asia Excellent platform access: Tiger Brokers, moomoo, and IBKR all have MAS (Monetary Authority of Singapore) licenses
4 Best Methods for Singaporean Investors
PlatformMin. DepositFundingCommissionBest For
Tiger Brokers$0PayNow/FAST$0 (free for US stocks)Most popular in SG moomoo (Futu)$0PayNow/FAST$0.99/orderSecond most popular
Interactive Brokers$0FAST/GIRO$0.0035/share ($1 min)Advanced traders, lowest margin rates OKX Stock Tokens~$1Bank transfer/crypto0.02-0.05%24/7 trading, tokenized
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Step 1: Choose Your Platform
Tiger Brokers (Most Popular in Singapore)
Tiger Brokers is MAS-regulated and the most popular choice among Singaporean investors. Key features:
Free US stock commissions (limited time promotion, ongoing since 2024) PayNow/FAST instant SGD deposits
CDP and custodian account options SG-focused interface with strong community features
moomoo by Futu
Also MAS-regulated, moomoo offers: $0.99 per US stock order
Excellent charting and analysis tools PayNow/FAST deposits
Free Level 2 market data
Interactive Brokers
The gold standard for serious investors: Lowest margin interest rates (5.83% for USD)
Access to 150+ markets worldwide Best forex rates for SGD to USD conversion
Fractional shares available
OKX Stock Tokens
For 24/7 trading and crypto-native investors: Trade tokenizedTesla,Nvidia,Appleanytime
Start with as little as $1 Settle in USDT stablecoins
Use code BUYSTOCK for 30% fee rebate:RegisterH2
Step 2: Open Your Account
Tiger Brokers: Download Tiger Brokers app
Sign up with SingPass MyInfo (auto-fills your details) Upload NRIC (front and back)
Account approved in 1 business day Choose custodian account (recommended) or CDP account
moomoo: Download moomoo app
Register with NRIC Verify via SingPass or manual upload
Approved in 1-2 business days IBKR:
Apply at ibkr.com Upload NRIC + proof of address (SingPost bill, bank statement)
Approved in 1-3 business days OKX:
Register at okx.com Upload NRIC or passport
Complete selfie verification Approved in 5-15 minutes
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Step 3: Fund Your Account
PayNow/FAST (Tiger, moomoo)
Open app > Deposit > PayNow or FAST Scan QR code or copy bank details
Transfer SGD from DBS, OCBC, UOB, or any local bank Funds arrive instantly (PayNow) or within minutes (FAST)
The platform converts SGD to USD for you Tiger forex rate: Mid-market rate + ~0.05% spread (excellent)
moomoo forex rate: Mid-market rate + ~0.08% spread
FAST/GIRO (IBKR)
Log into IBKR > Transfer & Pay > Deposit Select SGD via FAST transfer
Send from your bank Convert SGD to USD in IBKR (forex rate: ~0.002% spread
the best in the industry) H2
Step 4: Buy US Stocks
On Tiger Brokers: Search "TSLA" > Buy > Enter amount > Submit order. On moomoo: Search stock > Trade > Buy > Enter shares or dollar amount > Confirm.
On IBKR: Search ticker > Order Ticket > Buy > Market or Limit order > Submit. On OKX: Trade > Stock Tokens > Search > Enter USDT amount > Buy.
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Step 5: Tax Considerations for Singaporeans
The good news: Singapore has NO capital gains tax. You can buy Tesla at $200 and sell at $400, and you owe Singapore $0 in tax.
The catch: US dividends are subject to 30% withholding by the US. This is deducted automatically before you receive the dividend.
There is no Singapore-US tax treaty that reduces this for individuals. Strategies to minimize dividend tax impact:
Focus on growth stocks (Nvidia, Tesla, Amazon) that pay little or no dividends Use accumulating ETFs instead of distributing ETFs
Consider Irish-domiciled ETFs (CSPX instead of SPY) which only have 15% US withholding due to Ireland-US tax treaty SRS (Supplementary Retirement Scheme):
You can use SRS funds to invest in certain US-focused ETFs through DBS, OCBC, or UOB SRS contributions are tax-deductible
But you cannot use SRS for direct US stock purchases or crypto platforms
Cost Comparison: S$5,000 Investment in Tesla
PlatformForex CostCommissionPlatform FeeTotal Cost Tiger BrokersS$2.50 (0.05%)S$0S$0S$2.50
moomooS$4 (0.08%)S$0.99S$0.99S$5.98 IBKRS$1 (0.02%)S$5 (min $1)S$0S$6
OKXS$15 (est. crypto spread)S$2.50S$0S$17.50
Tiger Brokers is cheapest for standard US stock trading from Singapore.
CDP vs Custodian Account: What Singapore Investors Need to Know
When you open a brokerage account in Singapore, you need to choose between two account types.
CDP (Central Depository) Account
Shares are held in YOUR name at CDP (owned by SGX) You can vote in shareholder meetings
If your broker goes bankrupt, your shares are safe at CDP Only available for SGX-listed stocks (not US stocks directly)
Most relevant for Singapore REITs and local stocks
Custodian/Nominee Account
Shares are held in the BROKER'S name on your behalf You cannot vote directly (the broker votes as nominee)
If the broker goes bankrupt, your shares are segregated but recovery takes time This is how US stock investments work for all Singapore platforms (Tiger, moomoo, IBKR)
US stocks through Tiger/moomoo are held by their US clearing partner (Interactive Brokers or DriveWealth) For US stocks, custodian accounts are your only option.
This is normal and safe billions of dollars of retail investments globally use this structure.
Insurance and Protection
PlatformUS Clearing PartnerSIPC CoverageAdditional Tiger BrokersInteractive BrokersUp to $500,000IBKR excess SIPC up to $30M
moomoo (Futu)Futu Inc (US-registered)Up to $500,000 IBKR DirectSelf-clearingUp to $500,000Excess SIPC up to $30M
OKXN/A (tokenized)No SIPCExchange insurance fund
Advanced Tax Optimization for Singapore Investors
While Singapore has no capital gains tax, there are still optimization opportunities.
Dividend Tax Minimization Strategies
The 30% US dividend withholding is unavoidable for Singapore individual investors. But you can minimize its impact:
Strategy 1: Focus on Growth Stocks
Tesla, Amazon, Meta, Google pay zero or minimal dividends All your returns come from capital appreciation
taxed at 0% in Singapore This is mathematically the most tax-efficient approach
Strategy 2: Use Irish-Domiciled ETFs
Instead of buying S&P 500 via SPY (US-domiciled, 30% dividend withholding): Buy CSPX (iShares Core S&P 500, Irish-domiciled)
Ireland has a tax treaty with the US: only 15% dividend withholding CSPX also accumulates dividends (no Singapore tax on reinvested dividends)
Available on IBKR and Tiger Brokers (London Stock Exchange listing)
Strategy 3: Wash Sale for Tax-Loss Harvesting (Not
Needed) Singapore does not tax capital gains, so tax-loss harvesting is irrelevant
Do NOT sell at a loss just for tax purposes there is no tax benefit in SG
CPF and SRS for US Stock Investing
CPF (Central Provident Fund): CPF funds CANNOT be used for direct overseas stock purchases
CPF-IS (Investment Scheme) allows investment in approved unit trusts, some of which hold US stocks Examples: Dimensional US Core Equity Fund, Nikko AM Shenton Global Opportunities Fund
SRS (Supplementary Retirement Scheme): SRS contributions are tax-deductible (up to $15,300/year for Singapore citizens)
SRS funds can be invested through DBS, OCBC, or UOB
Can you buy US stocks with SRS
Only through approved unit trusts or ETFs, not direct stock purchases For SRS, consider: Lion-OCBC Securities Hang Seng TECH ETF, or Nikko AM STI ETF + a US-focused fund
Real-World Performance: S$10,000 Invested in US Stocks from Singapore
Let us see what would have happened if you invested S$10,000 in various US stocks on January 1, 2025: StockPrice Jan 2025Price Mar 2026Return (USD)Return (SGD incl.
forex) Tesla (TSLA)$250$280+12%+14%
Nvidia (NVDA)$490$880+80%+83% Apple (AAPL)$190$205+8%+10%
S&P 500 (SPY)$475$530+12%+14% STI ETF (ES3)S$3.20S$3.45
+8% Key takeaway: US stocks significantly outperformed the STI over this period.
Nvidia alone would have turned S$10,000 into S$18,300. The SGD/USD rate added ~2% to returns as SGD slightly weakened.
Singapore-Specific Tips
Use SingPass MyInfo for fastest account opening on Tiger and moomoo PayNow deposits are instant and free
no reason to use bank wire IBKR has the best forex rates if you are converting large amounts (S$10,000+)
Avoid W-8BEN form anxiety all platforms auto-generate it during signup.
It reduces dividend withholding (though Singapore has no treaty benefit, you still need to file it) CPF cannot be used for overseas stock purchases.
Only SRS through approved channels DBS Vickers and POEMS also offer US stocks but at higher commissions ($25+ per trade)
ETF vs Individual Stocks: What Is Better for Singapore Investors?
Many Singapore investors debate whether to buy individual US stocks or just invest in ETFs. Here is the analysis.
The Case for ETFs
Instant diversification: One ETF holds 100-500 stocks Lower risk: If one company fails, the ETF barely moves
Lower effort: No research needed, just buy and hold Tax advantage: Irish-domiciled ETFs (CSPX, VWRA) have 15% dividend withholding vs 30% for US stocks
Top ETFs for Singapore investors on IBKR: ETFDomicileExpense RatioDividend TaxStrategy
CSPXIreland0.07%15%S&P 500 accumulating VWRAIreland0.22%15%All-World accumulating
QQQUS0.20%30%Nasdaq 100 IWDAIreland0.20%15%Developed World
The Case for Individual Stocks
Higher potential returns: Top stocks outperform the index. Nvidia +800% in 3 years vs S&P 500 +50%
More control: You choose exactly what you own Lower fees: No expense ratio on individual stocks
Fun: Let us be honest, researching and picking stocks is engaging
Our Suggestion for Singapore Investors
If you have less than S$5,000: Start with individual stocks on Tiger Brokers (free commissions). Pick 3-5 well-known companies you understand.
If you have S$5,000-50,000: Mix of individual stocks (60%) and ETFs (40%). Buy CSPX on IBKR for the ETF portion.
If you have S$50,000+: Open IBKR for the best forex rates. Diversified portfolio of 10+ stocks plus ETFs.
Consider tax optimization with Irish-domiciled ETFs.
Singapore Dollar Strength: Why It Matters for US Stock Returns
The SGD is managed by MAS (Monetary Authority of Singapore) through a managed float against a basket of currencies. This has implications for your US stock returns.
How SGD/USD Affects Your Returns
When you buy US stocks, you convert SGD to USD. If USD strengthens against SGD:
Your US stocks are worth MORE in SGD terms (double win) Even flat US stocks give you a positive return in SGD
When USD weakens against SGD: Your US stocks are worth LESS in SGD terms (headwind)
You need the stock price to rise more than the forex loss to break even
Historical SGD/USD Movement
YearSGD/USDChangeImpact on US Stock Returns 20201.32
20211.35-2.2%USD weakened, slight headwind 20221.34+0.7%Roughly neutral
20231.32+1.5%USD weakened, headwind 20241.36-2.9%USD strengthened, tailwind
20251.34+1.5%Roughly neutral Key takeaway: SGD/USD is relatively stable (moves 1-3% per year).
Over the long term, this forex effect is small compared to stock returns (10%+ per year). Do not let forex concerns stop you from investing.
Comparing Singapore's Robo-Advisors vs DIY US Stock Investing
Singapore has several robo-advisors (Endowus, StashAway, Syfe) that invest in US markets.
How do they compare to DIY
FeatureRobo-Advisor (Endowus)DIY (Tiger + IBKR) Management fee0.25-0.60%/year$0
Fund expense ratios0.05-0.50%0% (individual stocks) Total annual cost (S$50K)S$150-550S$0-25
Stock selectionAlgorithm choosesYou choose RebalancingAutomaticManual
CPF/SRS compatibleYes (Endowus)No (for CPF) Effort requiredVery lowMedium
Verdict: Robo-advisors are good for completely passive investors and for CPF/SRS money. DIY is better if you want to pick stocks, minimize fees, and have more control.
Frequently Asked Questions
Do I pay tax on US stock gains in Singapore?
No. Singapore has no capital gains tax.
Your profits from buying and selling US stocks are completely tax-free in Singapore.
Which platform is best for beginners in Singapore?
Tiger Brokers. It has free US stock commissions, SingPass signup, PayNow deposits, and a user-friendly mobile app.
Most Singaporean investors start here.
Can I buy fractional shares from Singapore?
Yes. IBKR, Tiger Brokers (via Stock Gift), and OKX all offer fractional shares.
moomoo recently added fractional share support as well.
How do I convert SGD to USD for investing?
All platforms handle forex conversion automatically when you deposit SGD and buy USD-denominated stocks. IBKR offers the best rate (~0.002% spread), followed by Tiger (~0.05%).
Is OKX legal in Singapore?
OKX has a Digital Payment Token license from MAS for crypto services. Stock tokens are a newer feature.
Singaporean investors should be aware that tokenized stocks are not regulated securities under MAS. Disclaimer: Educational content only.
Not financial or tax advice. Singapore tax rules are generally favorable but consult a qualified advisor for your specific situation.*
Visit ourSingapore pagefor more information.*
