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Investments

Online Brokerages

Tiger Brokers

Is tiger brokers a good one since they have lower fees. Anyone recommends them?
Augustine
Augustine
Top Contributor

Top Contributor (Aug)

Level 6. Master
Updated 1h ago
Hey Anonymous, I've been using Tiger Brokers for about 2 months now and I would say they're a fairly good platform to use thus far. Commission Rates Very competitive rates, most notably for US stocks as the commission per trade is $2 USD. It also has no minimum fee other than 0.08% per trade for SG stocks. Access to markets They currently only provide access to US, HK, SG , AUS, LON and CN stocks. Access to certain other stocks may be limited. Credibility Currently, Tiger Brokers is regulated by MAS and the stocks you buy through them will be held in a custodian account with DBS or Interactive Brokers . This means that should anything happen to Tiger Brokers, your stocks will be safe. Funding Funding your account might be slightly less straightforward as you would need to do a bank transfer to their account, take a screenshot of your transaction and then notify them via the app that you've transferred. I would say the approval time is fairly quick (as fast as 15 mins during business hours if you use DBS/POSB) User interface Overall, I would say that the app is fairly straightforward and easy to use . The best part has to be their comprehensive suite of features: real-time market data, allowing you to see multiple trend lines, technical indicators, market news, economic calendar and many others. Alternatively, you can check out Seedly's review of Tiger Brokers here: https://blog.seedly.sg/tiger-brokers-review/ Also, feel free to use my referral link should you be interested to sign up with Tiger Brokers to get up to 100SGD worth of stock vouchers and free stocks: https://www.tigerbrokers.com.sg/activity/forapp/invitation/signup.html?regsource=invite&invite=CNN3RP&lang=enUS&share=WhatsAPP Hope this helps!
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Investments

Robo-Advisors

Online Brokerages

StashAway

Is StashAway worth venturing? Will we be losing the conversion rate to USD even before we trade?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 7h ago
As an investment platform, I would consider other roboadvisors due to lower cost and individual custodian account. See more here: https://seedly.sg/questions/why-stashaway-when-it-is-sooo-expensive As for conversion, it is inevitable if the investment is priced in a foreign currency (USD). While investing abroad may give potentially higher returns, you will also be exposed to foreign exchange risk. As a retail investor choosing an economy to invest in, we should also take into account the country's economical and political standing to judge the associated risk in the future.
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Investments

Online Brokerages

Which broker should I use I already have Vickers for SG stocks and I want a broker for US market for the lowest possible commission. I already applied for TDA but no response so any other brokers?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 13h ago
It's a pity that TD A does not respond. I feel that the mainstream SG brokers generally are low fee today, and the fees will drop further anyway in the future. so f ex POEMS or FSMOne are O.K.
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Investments

Online Brokerages

TD Ameritrade

While waiting for TD Ameritrade account to be ready, can I login the paper account and get use to the interface?
Daren Khek
Daren Khek, Videographer at GRVTY Media
Level 2. Rookie
Answered 1d ago
Hi anon, I am also awaiting for my account to be ready. To answer your question, the answer is yes! Just download the app 'Thinkorswim'. You can basically do everything, just not available for buying or trading anything.
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Investments

Syfe

StashAway

Investment Linked Policies (ILP)

Online Brokerages

What do you think about this Investment Portfolio Allocation? Would also like more info on AIA Pro Achiever?
Syfe
Syfe
Updated 4w ago
Hello there! Thanks for being a Syfe client. Your question about portfolio allocation can be much better answered by our wealth advisors, whom you automatically have access to as a client. Our advisor will be able to look through your overall portfolio and give personalised advice on how you can allocate your funds. You may arrange for a consultation here. Not to worry, such consultations are free and our advisors are unbiased. Their aim is to provide you with the best strategy for your money. Hope this helps!
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Syfe

Robo-Advisors

Online Brokerages

Investments

Is there a need to have a high lump sum when setting up an account with Syfe, does it make a big difference as opposed to having a lower lump sum and an average of maybe $200 monthly?
Gordon Lim
Gordon Lim
Level 5. Genius
Answered 3d ago
Up to preference. If you wondering about the part when you set the portfolio and they ask you, its actually just for your own reference. In the end is OTOT deposit de. And whatever you deposit gets invested straight away. Cost wise. You might say DCA is cheaper? Since they charge fees by month so if you DCA your NAV starts small and grow just as your fees will. Then lump size you get the bigger fee starting the first month.
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Cryptocurrency

Investments

Syfe

Online Brokerages

Robo-Advisors

Should I try crypto or Syfe next?
Syfe
Syfe
Updated 4w ago
Hey there! As Kenny mentioned, it is important to consider your financial objectives when deciding what investments will best suit you. Equally important is to understand your risk tolerance and investing timeframe. Generally, there are quite a number of risks associated with cryptocurrencies. They are not regulated by MAS. They are not legal tender or securities. If you want to proceed, do make sure you fully understand the benefits and risks of crypto. As for Syfe, you may want to consider our Equity100 or REIT+ portfolios as a diversification from the ones you currently have. Equity100 is a 100% stock portfolio that investors with a long investing horizon and high risk appetite may find suitable. You'll be invested in growth stocks like Microsoft, Amazon, Apple and more. REIT+ is a Singapore REIT portfolio. If you are looking to earn dividends, this may be interesting for you. You'll get to own 20 S-REITs such as Ascendas REIT, CapitaLand Mall Trust, Mapletree Industrial Trust and more within one portfolio. Hope this helps!
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FSMOne Fundsupermart

Investments

Stocks Discussion

Online Brokerages

How does FSMOne management fee works? They have Conservative at 0.35% per annum and all other portfolio at 0.50%per annum. How is this calculated? Is it based on the net value of our portfolio?
Lee John
Lee John
Level 7. Grand Master
Answered 1d ago
Yes, it is based on your portfolio value.
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Forex (FX)

Investments

Retirement

Career

Lifestyle

Savings

Credit Cards

Online Brokerages

COVID-19

Forex Trading?
Lee John
Lee John
Level 7. Grand Master
Answered 1d ago
Advice: dont do it. People often get hyped about getting fast quick but one mistake and end up losing all. Build your wealth slow and steady with methods you properly understand.
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Investments

Online Brokerages

TD Ameritrade

TD Ameritrade referral code?
Liam Lim Yu Zheng
Liam Lim Yu Zheng
Level 4. Prodigy
Updated 3d ago
Hi anon! Happy to refer as well (referral works, even for those who have ALREADY opened their account). Have done a couple of referrals (we split 88usd in half, so 44 each), so i know the process well (somehow they don't make it so simple like "key in referral code here"). For the referral promo (it takes a few more steps than the following, can fb msg me): -register for a new account at www.tdameritrade.com.sg -select 'Friend' in the dropdown box for 'How did you hear about us?', -send them an email at [email protected](mailto:[email protected]) on the paperwork shown at the end of the online registration for a new account. Just take note that opening an account might take a while (1-2mths?). That said, their free comms, no custodian fees, excellent charting tools, 24/5 support in sg/US, ease of SGD transfer in (via DBS/POSB) + good forex rates (0.1-0.2pips) , make it a desirable brokerage. DYODD!
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