Do I need a broker to trade listed options in SG?

How to start trading listed options in Singapore? - Jordan River Investment

When it comes to trading options, many investors wonder if they need a broker to do so. After all, brokers can charge commissions and fees, adding up over time. However, there are several benefits to working with a broker when trading options that make the costs worth it.

Benefits of trading with a broker

Next, we look at some of the benefits of trading with a broker.


For starters, a broker can provide invaluable guidance for making trades. Even experienced investors can benefit from the expertise of a good broker. If you’re new to options trading, a broker can teach you the ropes and help you develop a strategy that suits your needs.

Access to research and analysis

Another benefit of working with a broker is access to research and analysis. A good broker will have resources that you may not have access to, such as detailed data on past options trades and analysis of current market conditions. It can give you an edge in making informed trading decisions.


Another key benefit of working with a broker is that they can execute trades on your behalf. It is beneficial if you’re not familiar with the ins and outs of options trading or don’t have the time to make trades yourself. A broker can also help you stay disciplined with your trading, vital to success.

Cost savings

Working with a broker can save you money in the long run. While it’s true that brokers charge commissions and fees, they can also help you avoid costly mistakes. In addition, many brokers offer discounts on commissions and fees for active traders. So, if you trade frequently, you may be able to save money by working with a broker.

Peace of mind

Finally, working with a broker can give you peace of mind. Knowing that someone is there to help you with your trades can take a lot of the stress out of options trading. And, if you have questions or concerns, you can always contact your broker for guidance.

In short, while there are some costs associated with working with a broker, there are also many benefits that can certainly pay off. Brokers can provide valuable guidance, access to research and analysis, execution of trades, and cost savings. So, if you’re considering trading options, it’s worth talking to a broker to see if they’re right for you.

Benefits of trading without a broker

However, many may also choose to trade without a broker for the following reasons.

Lower costs

One of the main benefits of trading without a broker is lower costs. When you trade without a broker, you only have to pay the transaction costs, which are usually much lower than commissions and fees charged by brokers.

More control

When you trade without a broker, you have more control over your trades. You can choose when and how to execute your trades without having to answer anyone. It can be beneficial if you’re an experienced trader who knows what you’re doing.

Access to more markets

Another benefit of trading without a broker is, potentially, the access to more markets and better software. When you trade without a broker, you’re not limited to the markets that they offer access to. You can trade in any market you have access to, giving you a more significant opportunity to profit.

No minimum balance requirement

Another advantage of trading without a broker is no minimum balance requirement. It means that you can start trading with as little money as possible. It can be helpful if you’re just starting or don’t have a lot of money to invest.

More anonymity

Finally, another benefit of trading without a broker is more anonymity. When you trade without a broker, your identity is not associated with your trades. It can be helpful if you’re concerned about privacy or don’t want your name attached to your trades.

Bottom line

So, do you need a broker to trade listed options in SG? While it’s not required, working with a broker can be beneficial. A broker can be a valuable partner in your options trading journey, from providing guidance and expertise to offering access to resources and protection against fraud. For more information on options, you can check out