Asked by Anonymous
Asked on 13 Aug 2019
Hi there. I would like to start investing in shares/ REITs etc, on top of some of my current savings in fixed deposit plans.
Was wondering if I should follow the traditional route of going to a bank, and doing so via a broker, or are there online platforms that are very safe with minimal brokerage charges?
What are some of your recommendations?
Top Contributor (Nov)
Bank brokerage or online brokerage are very similar. It is just a broker platform to place orders. Cheapest brokerage for SG stocks is $10 for those cash upfront accounts. And normal rates are about $25.
You can just open all the accounts, see which one you like. Opening is free of charge.
14 Aug 2019