facebookNow that Syfe Trade allows for SG stocks, do you think it is better to use it to DCA into STI or just continue with DBS RSP for the same thing? - Seedly

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Anonymous

17 Oct 2022

General Investing

Now that Syfe Trade allows for SG stocks, do you think it is better to use it to DCA into STI or just continue with DBS RSP for the same thing?

Discussion (3)

What are your thoughts?

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Use syfetrade but there isnt a need to dca now because sti is really low and you should buy more when it is lower

I feel it also depends on the amount that you DCA. If you DCA $100 monthly, DBS RSP charges 0.82% or $0.82. However, for Syfe Trade, the charges would be commission fee + trading fee + clearing fee + custody fee(although it is free until the end of this year). Excluding the custody fee, Syfe Trade will charge you $1.98 + $0.0075 + $0.0325 = $2.02.

If your DCA amount is larger than $300 monthly, then I would recommend using Syfe Trade since it is cheaper in cost ($2.1 vs DBS $2.46).

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