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Anonymous
Any thoughts on trading SG-listed stocks on Saxo with it's very low fees? (0.08% up to end-Apr for new clients)
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thefrugalstudent
08 Feb 2021
Founder at thefrugalstudent.com
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4.5
962 Reviews
US$1
MINIMUM FEE
0.03% to 0.08%
TRADING FEES
Custodian
STOCK HOLDING TYPE
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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