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Anonymous

18 Apr 2019

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General Investing

What is the best brokerage account for small trades (<$10000 at a time)?

Decided to take small steps and invest 12k of my savings (will have about $5000 on cash for liquidity purposes). Was thinking of putting about 70% of it into shares because I'm quite young- higher risk appetite in a way.

As such, won't be making a high amount of trades- probably looking to buy about 4k of Nikko STI ETF, and split the 8k amongst 4-6 companies in Singapore (advice on that would be useful but not the main focus).

What account has smallest fees? Was thinking Saxo/DBS Vickers?

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HC Tang

29 Mar 2019

Financial Enthusiast, Budgeting at The Society

With CDP is the same rate at 0.22%. WIth Custodian account, FSM One is cheapest at 0.08%.
Note: However, holding your stocks in a custodian accountm have risk of losing all stocks the custodian went bankrupt.

Read this for more details and information:
https://blog.seedly.sg/the-ultimate-cheatsheet-...

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