Is 0 commission trading possible in SG?
Do you think Singapore will ever be able to get 0 commission trading in future? It seems the trading commissions and fees have stopped going lower. Since everything is now done online, no remisiers are needed to key in orders, why aren't commissions getting lower?
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Bjorn Ng
15 Jan 2020
Business Analyst at 10x Capital
Definitely possible, but I don't see this happening at least in the near future.
We only have so few brokerages here and on our small little island, the population is not substantial as compared to the US. The standard in Singapore now is $25 min, or $10 for cash upfront, however as what Elijah said, you just need 1 of them to reduce, and the rest will follow suit. Well, Interactive Brokers is coming to SG soon, we'll see how that moves!
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Billy
14 Jan 2020
Development & Acquisitions Manager at Real Estate Private Equity
I certainly do hope so! I know of a couple of US brokerage firms (i.e. Robin Hood) that are providin...
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No major players are willing to shake things up. They are all happy with the current arrangement