Asked on 30 Dec 2019
I would like to transfer my foreign shares to another trading platform and I need some advice? Example, SG shares with IFast Global Market $8 and Foreign shares that I need a suggestion?
Stand Chart would be your best bet. Min comms of $10. Though the spread will not be as fantastic as compared to other brokerages like Interactive Brokers, that would be the best you can go in terms of SG brokerages.
You can use Standard chartered for $10 minimum commissions and no custodian fees.
Interactive brokers is another choice for low commissions but has account activity fees.
The cheapest brokerage i can think of that fits your requirement is standard chartered brokerage. Its fee is at 0.2% with a low minimum sum
Commission fees are one thing. Does the platform charge any other fees? For eg for live data, inactivity, aum/platform, corporate action, minimum monthly charges? You should also look at the robustness of the platform as well and if there are any great tools (especially charting) built in.
For local market, can look at maybank ke. After trying out a couple of brokers I feel their platform features are really good. For US stocks, try Td Ameritrade.
For access to other markets like London, Stanchart and interactive brokers come to mind and are often brandished here. I don't have any personal experience on these platforms so can't comment much. Other than the myriad of fees applicable for interactive brokers which kinda put me off.
You may consider Standard Chartered online trading platform. The fees are reasonable.
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