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

Advertisement

Anonymous

18 Apr 2019

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?

Discussion (1)

What are your thoughts?

Learn how to style your text

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-...

Write your thoughts

Advertisement