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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    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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    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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