If you trade US options from Singapore, your broker choice is quietly the largest cost you pay each year. Not the strike you pick, not the delta you trade, not the volatility you time — the fees, the platform fills, and the market hours you can access will out-earn or out-cost your strategy across a hundred trades. And in 2026, the two brokers Singapore options traders keep asking about are Longbridge and Moomoo.

Both are MAS-licensed. Both advertise "lifetime $0 commission" on US stocks. Both have Singapore offices and local support. And yet, once you actually place options orders, the differences become large — and one of them just made a move that no other broker in Singapore currently matches. Here is the full 2026 breakdown of what each broker actually costs, what platform capabilities each offers, and which trader profile each is built for.

Why Broker Choice Matters More For Options Than Stocks

For a stock investor buying SPY once a month, broker choice is a rounding error. For an options trader running weekly credit spreads or monthly covered calls, broker choice compounds into thousands of dollars per year. Each options contract carries two fees — a broker commission and an exchange/platform fee — and if you trade 20 contracts a week across a $100k account, the difference between $1.30 per contract and $2.98 per contract is roughly $1,700 a year. That is a full month of returns for many retail options portfolios.

Beyond raw cost, the platform matters. Can you build a four-leg iron condor in two taps or six? Can you see live Greeks and implied volatility skew? Can you scan for high-premium tickers by delta and expiry? Can you exercise strategies during pre-market when news breaks at 5am Singapore time? These are the questions that separate a broker built for options traders from a broker built for casual stock investors. Let us walk through Longbridge first.

Longbridge Singapore: The Pre-Market Move That Changed The Game

Longbridge is regulated by the Monetary Authority of Singapore under a Capital Markets Services licence and offers lifetime $0 commission on US, Hong Kong, and Singapore stocks. On US options, the current promotional pricing is $0 commission plus $0.50 per contract platform fee during regular US market hours. That is materially cheaper than most competitors — but the more important announcement came in December 2025.

Longbridge launched pre-market options trading for Singapore retail investors — the first broker in Singapore to offer it. During the US pre-market session (17:00 to 22:30 Singapore time, or 05:00 to 09:30 US Eastern), Longbridge waives both the commission and the platform fee entirely. You can trade options at $0/$0 during pre-market. For a Singapore-based options trader whose day job runs 9-to-6, this is transformational. You can now react to overnight news, earnings after-hours moves, and macro announcements before the retail crowd wakes up on Wall Street — without paying a cent in fees. This detail is covered in depth by [Beansprout's Longbridge review](https://growbeansprout.com/longbridge-singapore-review) and Longbridge's [official pricing page](https://longbridge.com/sg/pricing).

Outside the promotional pricing, Longbridge's standard rate is $0.65 per contract commission (minimum $1.99) plus $0.30 per contract platform fee (minimum $0.99), for a $2.98 minimum per order. The catch worth naming: Longbridge's options platform focuses on basic long/short positions and covered calls. If you run advanced multi-leg spreads — iron condors, butterflies, calendar spreads — you may find the order builder more restrictive than Moomoo's. This is confirmed in [The Kopi Notes' side-by-side comparison](https://thekopinotes.com/articles/investing/moomoo-vs-longbridge-singapore/).

Moomoo Singapore: The Feature-Rich Veteran

Moomoo Singapore is regulated by MAS with a CMS licence (CMS101000), holds a Major Payment Institution licence, and is a full member of the Singapore Exchange. Moomoo's parent, Futu Holdings, is Nasdaq-listed, giving Moomoo a level of institutional backing that most fintech brokers cannot match.

On US options, Moomoo's standard rate is $0.65 per contract commission (minimum $1.99) plus $0.30 per contract platform fee (minimum $0.99), for the same $2.98 minimum as Longbridge outside promos. Moomoo also runs a tiered commission plan where the per-contract commission drops to $0.55, $0.50, $0.30, $0.20, $0.10, and eventually $0 as monthly volume climbs past 100,000 contracts. New clients also get a monthly $0 commission promotion period. The full breakdown is on Moomoo's [official pricing page](https://www.moomoo.com/sg/learn/detail-moomoo-singapore-fees-and-pricing-117721-241109219) and reviewed in [The Kopi Notes' Moomoo 2026 review](https://thekopinotes.com/articles/investing/moomoo-singapore-review-2026-4/).

Where Moomoo pulls ahead is platform depth. Free Level 2 market data with 60 levels of order book depth. A four-leg options strategy builder that lets you construct iron condors, butterflies, calendars, and diagonals in a single order ticket. Moomoo AI, which can suggest options strategies based on your directional bias and volatility outlook. Physical stores at 313@Somerset and Jem for account issues, plus a large local support team. And access to five markets — SG, US, HK, China A-shares, and Japan — versus Longbridge's three. If you are the trader who lives inside the option chain, Moomoo is objectively the more feature-rich platform.

Head-To-Head: What Actually Costs You

Assume you place 200 US options contracts per month — a realistic pace for someone running weekly credit spreads on 2-3 tickers. Here is what each broker's fees add up to in a year, outside promotional pricing:

On Longbridge at the standard $2.98 minimum per order (assuming single-contract legs), 200 contracts a month means 200 orders, or 2,400 orders a year, costing roughly $7,152. On Moomoo at the same minimum, the annual cost is identical at ~$7,152. But Moomoo's tiered commission structure kicks in once you cross 500 contracts a month — the per-contract commission drops to $0.55, which at high volume matters. And Moomoo's new-client $0 commission month can save you $600-$800 in your first year alone.

Where Longbridge wins hard is the promotional environment. If you can trade during the pre-market window, you are paying $0. Even in regular hours, Longbridge's current promo of $0 commission + $0.50 platform fee is cheaper than Moomoo's standard $1.99 minimum per contract. On a 20-contract trade, Longbridge charges $10 in fees; Moomoo charges roughly $10-15 depending on your tier. Multiply that across a year of high-volume trading and the promo advantage adds up. Both brokers' fee structures are cross-checked against [Beansprout's Singapore options platform comparison](https://growbeansprout.com/best-options-trading-platform-singapore).

The Pre-Market Session Is A Real Edge For Singapore Traders

This deserves its own section because most Singapore-based options traders miss it. The US pre-market session runs from 05:00 to 09:30 US Eastern, which converts to 17:00 to 22:30 Singapore time. This is prime waking hours for Singapore — after work, before dinner, during the news cycle. Before Longbridge's December 2025 launch, no MAS-licensed broker offered options trading during this window. Moomoo lets you trade stocks pre-market but not options.

Why this matters strategically: when a company reports earnings after-hours in the US (which is 04:00 to 08:00 Singapore time the next morning), the initial 90-minute reaction happens in extended-hours stock trading. But sharp options moves often continue into pre-market as institutional traders reposition. If you can only place your options trade at 21:30 Singapore time (regular US open), you have missed the highest-conviction, highest-informational window of the day. Longbridge's pre-market options access changes this calculus. It also aligns with earnings coverage from [The Straits Times reporting on Singapore broker growth](https://www.straitstimes.com/business/singapore-investors-keep-funds-with-moomoo-tiger-brokers-longbridge-amid-china-curbs).

Which Broker For Which Trader

Here is how I would frame the decision. If you are a Singapore-based options trader who wants to trade during US pre-market hours — meaning after work, before dinner, when the world is quiet — Longbridge is the objectively correct choice today. The pre-market options access alone justifies the switch, and the promotional pricing during regular hours is competitive.

If you are a strategy-focused options trader who lives inside multi-leg spreads — iron condors, calendarized butterflies, four-leg diagonal risk-reversals — Moomoo is the more capable platform. The order builder is deeper, the AI is genuinely useful for strategy suggestion, and the tiered volume commission rewards heavy users. If you also want SGX access, HK Connect, China A-shares, or Japan, Moomoo covers all five markets while Longbridge covers three.

If you are a new options trader — under six months in — my honest recommendation is neither. Options are hazardous when misused. Start with the free Options MBA curriculum, understand delta and theta and vega mechanically, paper-trade for three months, then choose a broker. Cost is a small optimization; skill compounds forever.

What Comes Next For Singapore Options Traders

The competitive dynamic between Longbridge, Moomoo, IBKR, Webull, and Tiger is intensifying rapidly. In the last twelve months alone, Longbridge added pre-market options, Moomoo cut US options commissions by 40%, and both brokers introduced AI-driven strategy suggestion tools. Fees will keep compressing. Feature parity is closing. And by the end of 2026, it is likely that both brokers will offer pre-market options at $0/$0 pricing. When that happens, the differentiator becomes execution quality, order routing, and platform stability — the things you cannot see in a fee schedule.

For now: if you trade US options seriously and want the structural pre-market edge, open a Longbridge account. If you trade complex strategies at high volume and want depth, open a Moomoo account. Many traders I know keep both — Longbridge for pre-market entries, Moomoo for main-session execution and portfolio management. There is no rule that says you must pick one.

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