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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
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Broker 2
| VS field | ![]() | ![]() |
|---|---|---|
Decision summary | ||
| Overall score | 84 | 91 |
| Trust score | 90 | 100 |
| Cost score | 82 | 89 |
| Platform score | 85 | 94 |
| Withdrawal score | 80 | 89 |
| Best for | Singapore multi-asset investors · SGX/CDP users · investors combining stocks, ETFs, funds, bonds and leveraged products | Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa… |
| Watch out | Needs verification | Needs verification |
Trust & regulation | ||
| Regulators | Monetary Authority of Singapore (MAS) Source | Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC. Source |
| License numbers | MAS FID lists licence statuses but no separate licence number was found in checked sources; company registration/UEN is 197501035Z. Source | FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740. Source |
| Regulated entities | Phillip Securities Pte Ltd; incorporated in Singapore Source | Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product. Source |
| Negative balance protection | No negative balance protection found; Cash Plus infosheet warns customers are responsible for shortfalls and leveraged trading losses may exceed initial funds. Source | Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations. Source |
| Investor compensation | No investor compensation scheme was identified in checked POEMS/MAS pages; assets may be held at CDP, in PSPL custody, or trust accounts depending on account/product. Source | SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply. Source |
| Restricted countries | Account eligibility excludes U.S. Persons; product disclaimers also state products are not offered to U.S. Persons. Source | U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found. Source |
Costs & account conditions | ||
| Minimum deposit | No general minimum opening deposit disclosed for Cash Plus/Cash Management; eNETS deposit minimum is S$1,000 and SMART Portfolio starts from S$300. Source | $0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product. Source |
| Spread from | Not disclosed in checked POEMS pages; broker primarily publishes brokerage/commission rates, while FX/CFD spreads may depend on Phillip Nova/CFD product pages. Source | Not applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads. Source |
| Commission | Cash Plus: US 0 commission; SG 0.08% to 0.06% no min. Cash Management/Margin: SG 0.28% to 0.18% min S$25; US 0.30% min US$20. Source | $0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply. Source |
| Maximum leverage | Cash Plus up to 5x cash deposit; CFDs up to 20x leverage. Source | No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure. Source |
| Deposit fee | No blanket POEMS deposit fee found; S$20 + GST admin fee for missing/incorrect references; DBS MCA foreign-currency transfer has $0 fee. Source | $0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge. Source |
| Withdrawal fee | Ordinary cash withdrawal fee not clearly disclosed in checked pages; replacement cheque administration charge S$50 + GST and TT/bank charges may apply. Source | $0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge. Source |
| Inactivity fee | No general inactivity fee found; custody/account maintenance charges can apply if activity/asset-value waiver conditions are not met. Source | No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'. Source |
Markets, platforms & payments | ||
| Tradable assets | Stocks, ETFs, CFDs, bonds, unit trusts/funds, forex, futures, options, RSP/SBP, robo-advisory and money-market/cash solutions. Source | Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international. Source |
| Trading platforms | POEMS Mobile 3 app, POEMS 2.0 web portal, POEMS Pro Windows desktop, POEMS Mobile 2.0 and broker-assisted trading representative access. Source | Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic. Source |
| Account types | Cash Plus, Cash Management/CDP-linked, Margin, Prepaid (CC), Custodian, SMART Portfolio and Managed Account options. Source | Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts. Source |
| Deposit methods | PayNow, DBS MCA transfer, FAST, eNETS, EPS, Internet Bill Payment, eGIRO, USD cheque and cross-border telegraphic transfer. Source | EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps. Source |
| Withdrawal methods | Login to POEMS > Stocks > Online Forms > Withdrawal form; transfer to pre-registered local bank account via quick cheque or collect cheque from cashier; not available for Cash Trading Account. Source | EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access. Source |
| Withdrawal processing time | Before-10am linked-bank withdrawals are described as almost immediate; rejected-payment refunds: PayNow up to 1 week, other modes at least 2 weeks. Source | EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.

