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Best brokerage account? CDP Vs custodian?
I have a DBS Vickers account but fees for Custodian (eg SAXO) seem lower. For local stocks, cash upfront payment when buying is same for both, but withdrawal, DBS requires min $25 while saxo is $10(?). What about for overseas stocks eg HK or US? However for there seems to be custodian fee (eg 0.12% for SAXO for only international shares). Is it really more worth it to switch to saxo? Any better alternatives?
CDP benefits not important to me: eg voting rights, first to know of changes.
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Nicholes Wong
05 Jan 2020
Diploma in Business Management at Nanyang Polytechnic
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DBS Vickers Securities
2.8
90 Reviews
$25
MINIMUM FEE
0.18% to 0.28%
TRADING FEES
CDP
STOCK HOLDING TYPE
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You can consider TDAmeritrade for US stocks. Standard chartered also around $10 without custodian. Interactive brokers have even lower fees but have minimum activity fees of $10 every month if you do not have at least 100k USD with them. But commission fees are included so if you incur $5 commission fees with them on a particular month, you only need to pay another $5 that month.