facebookBesides DBS Vickers Cash Upfront having lowest fee for buy, what is an alternative brokerage having similar lowest fee for buy trade? - Seedly

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Anonymous

05 Sep 2020

General Investing

Besides DBS Vickers Cash Upfront having lowest fee for buy, what is an alternative brokerage having similar lowest fee for buy trade?

Discussion (1)

What are your thoughts?

Nicholas Beh

Nicholas Beh

05 Sep 2020

Level 10·Student Ambassador 2020/21 at Seedly

It depends on whether you want the stock to be credited to your CDP account, or held through a custodian.

For CDP, I believe DBS Vickers Cash Upfront is the cheapest at the moment. This does not apply for sell transactions, but you can link your CDP account to FSMOne to sell for similarly low commissions instead.

For custodian, there are plenty of options - Interactive Brokers (0.08% min $2.50), Tiger Brokers (0.08% min $2.88), FSMOne (0.08% min $10), POEMS (0.12% min $10). Currently both Tiger and POEMS have a no minimum commission promotion till the end of 2020.

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