Anonymous

06 Nov 2020

∙

General Investing

Anyone has used Firstrade before? Could you share your experiences please?

Been seeing advertisements on a trading platform called Firstrade with $0 fees on trading and commissions. Any advice on the platform from anyone who has used it?

9

Discussion (9)

What are your thoughts?

Learn how to style your text

Daryl Wilfred

06 Nov 2020

Marketing at Royal Melbourne Insitute of Technology

I've been using Firstrade for the past 6 months now. I would have to say it's got one of the best mobile interfaces & is slowly catching up within my peers after I had introduced them to it. The great thing is that there is no minimum balance, no account maintenance fee & $0 commision. The catch however is the outbound FOREX transfer that you have to incur. I had been using OCBC to do so & I get charged SGD22 for a USD2,000 transfer. Just learnt about DBS Remit & it's fees are lower and it's transfered within a day.

My take is that Firstrade is great if you're looking for active trading so that you save on the trading fees. I have certain shares that I keep for passive stocks & certain that I trade on a weekly basis. So, I do save a fair bit there. Hope this helps.

Reply

Save

View 2 replies

Billy

19 Jan 2020

Development & Acquisitions Manager at Real Estate Private Equity

I went online to search more about this trading platform and came across this review -- https://forums.hardwarezone.com.sg/money-mind-2...

Reply

Save

Lim Chun Long Jimmy

18 Jan 2020

Co-founder at PolicyWoke (Traded Endowment Policies)

Firstrade Securities is an online US broker that allows Singaporeans to open an international accoun...

Write your thoughts

Related Posts

Could anyone with experience borrowing from Singapore bank(s) to purchase an overseas property please share your experience?

Does anyone have experience in investing with interactive brokers before? Could you please share some tips for beginners? Is there a beginners guide somewhere?

Has anyone landed a Traineeship or FT Job using the MyCareersFuture portal? Could you share your experience going through the process and if you have any tips that you think might be helpful?

Hi. Has anyone tried or is using Fullerton MoneyOwl WiseIncome? Could you share your experience and thoughts? Tyvm.

Is it advisable for newbies with no investment experience to try P2P Lending (e.g Funding Societies)? Anyone using the platform can share their experience (returns, default rates)? Able to recover your capital if there is default?

Related Posts

Could anyone with experience borrowing from Singapore bank(s) to purchase an overseas property please share your experience?

Does anyone have experience in investing with interactive brokers before? Could you please share some tips for beginners? Is there a beginners guide somewhere?

Has anyone landed a Traineeship or FT Job using the MyCareersFuture portal? Could you share your experience going through the process and if you have any tips that you think might be helpful?

Hi. Has anyone tried or is using Fullerton MoneyOwl WiseIncome? Could you share your experience and thoughts? Tyvm.

Is it advisable for newbies with no investment experience to try P2P Lending (e.g Funding Societies)? Anyone using the platform can share their experience (returns, default rates)? Able to recover your capital if there is default?