Cheapest broker for Singapore Stock?

Curious why nobody mention FSMOne? Are they really expensive?

Choosing a brokerage platform in Singapore depends on various factors, including your trading frequency, investment strategy, and specific preferences. Here are some considerations when looking for a cost-effective brokerage:

1. Commission Fees: Look for brokers with competitive commission fees. Some brokers offer different fee structures, such as flat fees or tiered pricing based on trade volume. Be sure to understand the fee structure and how it aligns with your trading habits.
2. Platform Features: Consider the features provided by the brokerage platform. While cost is essential, a user-friendly platform with robust research tools and real-time data can be valuable for traders.
3. Hidden Fees: Be cautious of hidden fees. Review the broker's fee schedule carefully, including any inactivity fees or charges for services you might not use.
4. Securities Offered: Ensure that the broker offers access to the specific Singapore stocks you want to trade, such as DBS and SGX.
5. Regulatory Compliance: Choose a broker regulated by the Monetary Authority of Singapore (MAS) to ensure your investments are protected.
6. Customer Support: Consider the quality of customer support. Responsive customer service can be crucial, especially when you encounter issues with your account.
7. User Reviews: Read reviews and seek feedback from other investors who have used the brokerage you're considering. It can provide insights into the overall user experience.

Some popular brokerage platforms in Singapore include DBS Vickers, POEMS by PhillipCapital, Saxo Markets, and Interactive Brokers, among others. However, the "cheapest" option may vary depending on your specific trading volume and needs.

It's advisable to compare the commission fees, account types, and features of different brokers based on your individual requirements. Additionally, consider reaching out to the broker's customer support for any clarifications about fees to ensure transparency in your trading experience.

​

I am currently a Financial Advisor as well, so feel free to reach out to me on IG (@ngooooied) if you have any further questions！

You can try cmcinvest, new broker. 2 free trades for SG market, 5 free trades for other markets

Can try syfe too! u have 2 free trades per month