facebookAny thoughts on trading SG-listed stocks on Saxo with it's very low fees? - Seedly

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Anonymous

08 Feb 2021

βˆ™

General Investing

Any thoughts on trading SG-listed stocks on Saxo with it's very low fees?

Any thoughts on trading SG-listed stocks on Saxo with it's very low fees? (0.08% up to end-Apr for new clients)

Discussion (1)

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thefrugalstudent

08 Feb 2021

Founder at thefrugalstudent.com

Hi Anon,

These fees are definitely attractive if you're a new customer! Especially also since there are no custody fees charged for SGX listed securities.

However, do take note that by holding stocks in a custodian account via a broker, you will not have any shareholder rights such as voting rights/access to AGMs. So if these are things that are important to you, you might want to consider using brokers that are CDP-linked (ie DBS Vickers).

Otherwise, this seems like a good deal to me.

Regards,

thefrugalstudent

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