With Tiger Brokers and Moomoo entering Singapore, do you think local brokers will adjust their fees to be more competitive?

I'm not sure how much of their business is tied to their brokerage business tbh so I'm not even sure if they're being heavily impacted by this change to even do anything in the near future about it. Moreover, I would say, for them to even come close to being competitve they would have to drop their prices tremendously. Right now, taking DBS Vickers (non-Treasures), the minimum comms is around USD18/25 (depending on cash upfront or not). To even come close to competing with IBKR (my main broker) which has comms at around USD 0.35 - USD 1, they would have to cut their comms by more than 90% which I think might not even be worth it for them to try due to the reduction in profits that would result from it.

But of course, this is just my 2c haha I'm just another retail investor, don't take my opinion too seriously.