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Anonymous

23 Mar 2021

βˆ™

Stocks

Any Investment brokerage firm recommendation for SGX and US stocks?

Hi! I'm completely new to investing and am looking into buying SGX stocks, though would love to have the option of being able to buy US shares in the future as well. Which firm would you recommend?

Discussion (3)

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Brandon Chew

23 Mar 2021

Financial YouTuber at https://www.youtube.com/c/BrandonChewww

The top 3 brokerages out there for trading SGX & US Stocks would be as seen in this article. They are all MAS regulated.

To summarise for you:

  1. Interactive Brokers (I personally used this as I have more than 100K USD in the account)
  • Platform fee: $10 USD every month if you don't have 100K USD in the account

  • SGX Trading fees: min SGD $2.50

  • US Trading fees: min US$0.35 per trade which is ridiculously low (at the volume I'm trading this is the common cost I pay)

  1. Moomoo (relatively new)
  • Platform fee: USD$0.005/share (min US$1)

  • SGX Trading fees: TBC (not yet available but they announced it's coming soon)

  • US Trading fees: min US$0.99 per trade

  1. Tiger Brokers (I would recommend this if you're just starting out)
  • Platform fee: None

  • SGX Trading fees: SGD $2.88 per trade (currently $0 - promo till April 2021)

  • US Trading fees: min US$1.99

Try Tiger Brokers when you're starting out. When you've grown a substantial amount in your investment portfolio, hop over to Interactive Brokers to enjoy ridiculously low trading fees.​​​

PolicyWoke

23 Mar 2021

Turbo-charge Your Savings with REPs at PolicyWoke

Hi Anonymous,

Since you're new to investing, and are looking into stocks listed in SGX, you may consider opening an advisor-assisted brokerage account with iFast Global Markets. This way, you will be assigned an investment advisor to advise you on investment options such as stocks and ETFs.

Disclaimer: PolicyWoke is a 2nd-hand endowment policies broker

Chris

23 Mar 2021

Owner and Writer at Tortoisemoney.com

Tiger Brokers is a good option to get your feet wet. Low comms and no platform fee. Pretty competiti...

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