facebookWhich brokerage is recommended to buy Singapore stocks for dividends? Also, is it recommended for investors to use the same brokerage for buying SG and overseas stocks? - Seedly

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Anonymous

08 Aug 2020

βˆ™

General Investing

Which brokerage is recommended to buy Singapore stocks for dividends? Also, is it recommended for investors to use the same brokerage for buying SG and overseas stocks?

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What are your thoughts?

Granted that your question is a year ago but I thought I'll still give my two cents worth. Currently I will advocate tiger brokers as they waived the minimum fee so the fee is around 0.12% of your trade value which I feel that it's really cheap.

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Can use my referral link for sign up perks:

https://www.tigerbrokers.com.sg/activity/forapp...

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JG

Joey Gaeth

08 Aug 2020

Level 6Β·BSc Economics at London School of Economics and Political Science

If you're buying sg stocks for dividends, i'm assuming you're going to hold long and not sell for short period of time. In that case, use DBS Vickers (Cash Upfront). Your stocks will be under CDP and it charge min$10 fee per trade, unlike most other brokerages that charge min$25 for stocks under cdp. However note that cash upfront is for BUY trades. If u want to sell, can use FSMOne, link it to your cdp and sell, fee $10 also.

And no, i don't think anyone here have ever and will ever recommend using same brokerage for SG and overseas stocks if you are using a local brokerage, esp DBS. If you use FSMOne/IBKR for sg stocks then yes, u can use it tgt for overseas stocks. But pls do not use DBS vickers for overseas stocks. Just tooooooo much fees involved.

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