What is the best platform to purchase STI ETF? - Seedly
 

Investments

Asked by Anonymous

Asked on 30 Jul 2018

What is the best platform to purchase STI ETF?

DBS vs FSMone or any other options in terms of management fee and other charges.

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Kenneth Lou
Kenneth Lou
Level 9. God of Wisdom
Answered on 31 Jul 2018

You can read this article which we curated carefully for beginner investors!

I think it really depends on which platform you already are on :) For example if you are already using DBS Vickers or have set up your platform and you plan to do a Lump sum, I would stick with that. A cash upfront account only costs you around $10 per trade?

For a RSP idea (regular investment schedule) I would also think of using the DBS one or OCBC (depending on your investment amount, it's easy, you can actually find out more about the options here! https://blog.seedly.sg/which-regular-savings-plan-is-the-cheapest/

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Marcus Goh
Marcus Goh
Level 4. Prodigy
Answered on 30 Jul 2018

The easiest way is through DBS as they charged 1% fee which will maximise your return in the long run.

FSMOne have 0% sales charge for Regular Savings Plan but STI ETF is not in their fund list for this.

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Brandan Chen
Brandan Chen
Level 7. Grand Master
Answered on 30 Jul 2018

The simplest way to do it through DBS but they do charge a 1% fee. However, do note that % is not absolute is this case since it depends on the amount that you are placing.

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