Cheechun Ho

04 Feb 2021

∙

General Investing

Should I close my positions in SC and buy them again in Tiger to reduce the commission fees charged as SC charges by percentage?

I have stocks in SC and recently opened in Tiger Brokers due to its low comm.

Securities Transfer / Rebuying under new Brokerage

Tiger Brokers Standard Chartered Online Trading

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Nicholas Beh

04 Feb 2021

Student Ambassador 2020/21 at Seedly

Standard Chartered does not charge any custody or handling fees, so there is no penalty for you to keep holding with them.

If these are for long-term investment, I would suggest you to keep holding with Standard Chartered until you are ready to sell. Otherwise, you will incur unnecessary switching costs in transferring your stocks over to Tiger Brokers.

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