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Anonymous
Should I use FSMOne or Syfe trade to buy SGX stocks?
I've been using FSMOne to buy stocks listed in SGX, however, recently Syfe Trade does have that function too and the fees are cheaper. Since both are custodian account, should I use syfe trade for future SGX stock purchase?
Those who are using FSMOne and Syfe Trade, let me know your experience with these brokers and youre view, thank you
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Richard
28 Dec 2022
take care of oneself at the rest will be taken care
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Syfe offers lower fees at 0.06% per trade (min $1.98) if you are looking at regular monthly trades which i presume will be in the hundreds to lower thousands. If you are looking to dollar cost average, go for Syfe Trade.
For lump sum, FSMOne will be more worth using since they offer a flat processing fee without any sales charge that scales with the size of your trade. So for larger trades, FSMOne will be the better option.
That lump sum number will be $14667 as calculated by CJ as well. If your trade is worth anything below this number, Syfe will be better for you.
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Do take note that Syfe Trade currently has promotional fees so do remember...
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