Will there ever be a commission-free stock trading app available in Singapore in the future?

Will we see apps such as Robinhood or WeBull, both of which only available in the U.S, in the Singapore markets in the future? wouldn't this disrupt our local stock brokers in Singapore? what would be the possible repercussions?

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Dolphin

16 Jul 2024

Longbridge SG offers lifetime commission-free trading for US/HK stocks

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Frankie Rappaport

21 Jan 2020

Who knows ...

but probably: yes

Singapore is a leading financial hub,

When Robinhood etc. started the zero-commission thing, now the large U.S. brokers also start zero USD trading, probably Robinhood cannot have an enduring business, who knows. Depends on the non-trading-fee dependent businesses of all involved companies.

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pat

19 Jan 2020

I don't think so. i doubt that they can recover their cost if they launch it in singapore

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J T

10 Dec 2019

I don't think so! It's pretty expensive to setup these kind of brokerages here, since we are a small country and we have more than enough brokerages available. Upkeep cost is definitely not cheap here as well.. But let's see what IB can do when it opens in Singapore!

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Gan Chai Leng

10 Dec 2019

Maybe. It’s a trend now for brokerages to reduce commissions, but they have to absorb losses. So the...

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