Which of the online trading platform has low charges fees and commission rate % in SG and foreign shares? Should I separate them into the different online trading platform? - Seedly
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Spking Lee

Asked on 30 Dec 2019

Which of the online trading platform has low charges fees and commission rate % in SG and foreign shares? Should I separate them into the different online trading platform?

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?

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Bjorn Ng
Bjorn Ng
Level 9. God of Wisdom
Answered on 15 Jan 2020

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.

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Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered on 14 Jan 2020

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.

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Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Answered on 14 Jan 2020

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

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pat
pat
Level 7. Grand Master
Answered on 14 Jan 2020

There are add-on fees for some platforms. US data are not free for most providers.

You can consider TD or IB for US-based counters

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 8. Wizard
Answered on 30 Dec 2019

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.

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Spking Lee
Spking Lee

02 Jan 2020

Thank You!

You may consider Standard Chartered online trading platform. The fees are reasonable.

Here is everything about me and what I do best.

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Wnk
Wnk

30 Dec 2019

How are their forex rates like?
Spking Lee
Spking Lee

02 Jan 2020

I don't trade forex myself and hope this website link will be helpful to you https://www.forexbrokers.com/guides/forex-trading