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Anonymous

14 Aug 2019

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General Investing

Investments- broker or online platforms?

Hi there. I would like to start investing in shares/ REITs etc, on top of some of my current savings in fixed deposit plans.

Was wondering if I should follow the traditional route of going to a bank, and doing so via a broker, or are there online platforms that are very safe with minimal brokerage charges?

What are some of your recommendations?

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Gabriel Tham

14 Aug 2019

Tag Team Member at Kenichi Tag Team

Bank brokerage or online brokerage are very similar. It is just a broker platform to place orders. Cheapest brokerage for SG stocks is $10 for those cash upfront accounts. And normal rates are about $25.

You can just open all the accounts, see which one you like. Opening is free of charge.

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