If you're comparing US stock trading costs in Singapore, the differences between traditional bank brokers and newer digital platforms are significant — especially if you are talking about high trade value and frequency.
Above is a comparison table of how much each of them (DBS Vickers vs Standard Chartered vs Trust vs Moomoo) charges.
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Among the traditional players, DBS Vickers charges around 0.16% (min ~USD 27.25) for US trades. However, if you use its Cash Upfront option (*), by pre-funding your DBS Multi-Currency Account with USD, the buy-side commission drops to 0.15% (min ~USD 19.62). This discount applies ONLY to buy trades — sell orders are charged at the standard rate. There’s no separate platform fee, but exchange and regulatory fees still apply.
Standard Chartered Bank follows a more traditional percentage model at around 0.20%–0.25% (min ~USD 10) for both buy and sell trades. There’s no “cash upfront” discount structure. While there’s no platform fee, the percentage-based model can become expensive for larger trades.
On the digital side, Trust Bank currently offers 0% commission on US stocks (promo until 30 June 2026). After that, fees move to 0.05% (min USD 2.99) — still very competitive. There are no platform or custody fees under its current structure, making it one of the lowest-cost bank-backed options.
Meanwhile, Moomoo offers 0% commission on US stocks, but charges a USD 0.99 platform fee per order. For most retail trade sizes, this keeps overall costs extremely low compared to percentage-based brokers.
Bottom Line
If you trade frequently or in smaller amounts, the newer platforms (Trust during promo and Moomoo) are materially cheaper. DBS Vickers’ Cash Upfront option does reduce buy-side costs, but its high minimum commission still makes it less competitive for smaller trades. Standard Chartered sits somewhere in between, but remains firmly in the traditional percentage-fee camp.
As always, beyond commissions, consider FX spreads, platform usability, and how often you trade — these often matter just as much as the headline rate.
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