facebookI am new to trading. I am thinking of opening a brokerage account to buy SG stocks. Which are the brokerage firms that offer good trading platforms? - Seedly

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Anonymous

04 Jun 2020

General Investing

I am new to trading. I am thinking of opening a brokerage account to buy SG stocks. Which are the brokerage firms that offer good trading platforms?

Discussion (4)

What are your thoughts?

I'll recommend DBS vickers as well. You can check out some of the reviews on the different brokerage firms here in seedly. if you're using DBs multiplier account, I believe any investment on stocks can be seen as the investment category.

That aside, as DBS vickers charges a one time fee of $25, consider changing your settlement mode to Cash Upfront which would reduce it to $10 for any purchase of local stock.

ZT

Zachary Teo

03 Jun 2020

Level 8·Art Director at Ad Agency

Hey Anon! Welcome! Trading can be rather dangerous to start out new if you aren't even sure which platform to go for. Personally I don't trade SG stocks because they are not very active to begin with. With no high volume, the stock would not move much and you will not gain much profit from trading.

If you are looking to trade overseas stocks, I would suggest IB interactive brokers. They have very low commission fee and can access to various market from Nasdaq, HK, to Pink Sheets.

However, once again, word of advice, do not trade when you have not get the basics done right. I do hope you are referring your "trading" as "investing or buying a SG stocks".

Hope this helps!

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