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Anonymous

Posted on 12 Dec 2020

Which is the better brokerage for Singaporeans - Tiger brokers VS SAXO?

Wondering which brokerage offers lower fees for both SG and US stocks?

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1 answer

Discussion (1)

Investorean

Investorean

Level 9. Genius

Updated on 15 Dec 2020

Hello,

In my opinion, I feel that Tiger broker is the ideal for trading in both SG and US market.

For SG market wise, they charge a low 0.08%fee for stocks. For US market wise, they charge a minimum of 2usd for stocks unless you are buying in a very large volume. They are also regilated by MAS so there is a safety level when trading.

Other brokers:

I feel that other brokers like Saxo and Fsmone charge a higher amount of commission which will eat into your profit.

TD Ameritrade and Firstrade - these brokers are commission free but they charge a withdrawal amount. For TDA, they charge a withdrawal of 25 usd and for Firstrade(not regulated by MAS), they charge a withdrawal of 50 usd. So in the long run if you are doing frequent trading, these are more ideal .

In conclusion, I find that Tiger is relatively easy to use and their fees wise are significantly low compared to other competitors.

1

Question Poster

22 Dec 2020

Hi Hsuguin thank u so much for this! really helpful, appreciate it!

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