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Do all these fees apply when buying/selling/holding stocks of Ireland domiciled ETFs using DBS Vickers?
- Commission: 0.35% or min. GBP 25
- Stamp Duty: 0.5% for buy trade
- Stamp Duty on Irish Registered Stocks: 1% for buy trade
- Panel of Takeovers and Mergers (PTM) Levy: Flat charge of GBP 1 on all transactions over GBP 10,000
- Custodian fees of $2 per stock per mth
- Clearing Fee (CDP imposed) and SGX Trading Fee
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Nicholas Beh
08 Jan 2021
Student Ambassador 2020/21 at Seedly
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PTM levy and stamp duties do not apply to ETFs in the UK or Ireland. You can definitely expect to pay commission and the monthly custody fees (which is charged by DBS Vickers).
On a side note, please do not use DBS Vickers for Irish-domiciled ETFs, the fees will heavily eat into your investments. Consider other cheaper and better options such as Interactive Brokers or Standard Chartered.