What are the components of sales charge for brokerages linked to CDP? - Seedly
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Anonymous

Asked 3w ago

What are the components of sales charge for brokerages linked to CDP?

Would like to find out the full charges using a brokerage that is linked to CDP.

To buy: Brokerage Sales Charge ($25 or 0.28%) + GST%+ CDP Clearing fees

To sell: Sales Charge ($25 or 0.28%) + GST%+ CDP Clearing fees

Please correct me if i am wrong

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Hi anon,

Buying or selling on Singapore markets will incur the same cost structure, namely:

a) Brokerage of 0.28% or SGD25 (for contract value less than SGD50K, any higher and you may have reduce brokerage costs, check with your broker) plus

b) Clearing Fees of 0.0325% of contract value plus

c) SGX Trading Fee of 0.0075% on the gross contract amount plus

d) SGX Settlement Instruction Fee of SGD0.35 per settlement and finally

after you sum up a) to d), add 7% because we have to contribute to the nation by paying GST.​​​

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Matthew Tan
Matthew Tan

2w ago

Thank you for the clarification Elijah
Chung Ka-Shing
Chung Ka-Shing

2w ago

This is so helpful 👍
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 4. Prodigy
Answered 2w ago

Hello, I was finding out about the fees as well and came across this website.

http://sonicericsg.blogspot.com/2018/12/post-64week-49learning-investingtrading.html?m=1

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