Is it true that there is no custodian fee when holding stocks bought from foreign market? Is there any special condition/hidden fees for it? - Seedly
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David Loh

Asked on 29 May 2019

Is it true that there is no custodian fee when holding stocks bought from foreign market? Is there any special condition/hidden fees for it?

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Roger Leng
Roger Leng
Level 3. Wonderkid
Updated on 07 Jun 2019

Hi David,

I'm Roger from FSMOne.com. We can confirm that there are no custodian fees imposed on stocks bought from foreign markets.

Here is the link to the list of charges and fees for respective markets.

https://secure.fundsupermart.com/fsm/stocks/ways-to-trade

If you have further questions, feel free to drop us a note at [email protected]

Cheers!

Roger

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Kenneth Lou
Kenneth Lou

29 May 2019

Awesome thanks for replying @Roger! Hopefully David, you get your answer with regards to fees!
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jun)

Level 9. God of Wisdom
Answered on 06 Feb 2020

Completely dependent on the brokerage

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Didi Luo
Didi Luo
Level 3. Wonderkid
Answered on 06 Feb 2020

I just found out that DBS charges a whooping S$100 custodian fee for each foreign market per half yearly. This is the MINIMUM fee chargeable every half-yearly. This is regardless of the amounts and/or frequency of trades. So, if you have stocks in US and HK and you hold it for the year, DBS earns S$400! Excessive much!?

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David Loh
David Loh
Level 2. Rookie
Answered on 29 May 2019

Oh I'm sorry I doube posted.

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