What are some good investment platforms to start investing. Are banks like DBS vickers good? - Seedly
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Jia Ler Jia Ler

Asked on 02 Mar 2019

What are some good investment platforms to start investing. Are banks like DBS vickers good?

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Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered on 13 Jan 2020

I would compare investment platforms based on cost and ease of use.

SAXO offers competitive rates, and also a good user experience.

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Dawn Fiona
Dawn Fiona
Level 7. Grand Master
Answered on 03 Mar 2019

FSMOne is another great place to look at for SG and HK stocks.

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Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Answered on 13 Jan 2020

TD Ameritrade is a good platofrm to use- low comission and access to many overseas stocks.

For those who want to start investing locally, personally DBS cash upfront brokerage is sufficient and to purchase sTI etf only

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Eric Tan
Eric Tan
Level 3. Wonderkid
Answered on 13 Jan 2020

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Richard Woon Tian Jun
Richard Woon Tian Jun
Level 7. Grand Master
Answered on 02 Mar 2019

Most investment brokerages in Singapore have rather competitive prices per trade, at around $25. From my knowledge SAXO capital per trade is currently the lowest at about $8 - $15 per trade, depending on the trade value, followed by Standard Chartered at $10. Take note such brokerages that cost cheaper per trade like Standard Chartered and SAXO do not hold shares in a CDP account, but instead in their own custodian account, meaning that you don't possess voting rights, but if you are a small retail investor that don't really have so much shares in the first place it doesn't really matter.

All in all, you can choose almost any brokerage since they are all quite competitive, other than a few fee differences here and there.

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