Is there an account maintenance fee for SC brokerage?
I'm looking at DBSV vs. POEM and SC now to open an account for investing.
DBSV fees seem cheaper than POEM's (and POEM's cash plus vs. cash management accounts seems confusing too). While SC fees are the cheapest at $10 for US/SGX, they are not CDP or CPF/SRS linked.
I'm leaning toward DBSV now. Any thoughts?
I am a passive investor, likes to hold longer-term with few trades per year.
(03-01-2021, 05:11 PM)BrendonA Wrote: [ -> ]Is there an account maintenance fee for SC brokerage?
I'm looking at DBSV vs. POEM and SC now to open an account for investing.
DBSV fees seem cheaper than POEM's (and POEM's cash plus vs. cash management accounts seems confusing too). While SC fees are the cheapest at $10 for US/SGX, they are not CDP or CPF/SRS linked.
I'm leaning toward DBSV now. Any thoughts?
I am a passive investor, likes to hold longer-term with few trades per year.
You trade or invest in local or global markets?
Have you considered IBKR or TD?
(03-01-2021, 05:45 PM)LionFlyer Wrote: [ -> ] (03-01-2021, 05:11 PM)BrendonA Wrote: [ -> ]Is there an account maintenance fee for SC brokerage?
I'm looking at DBSV vs. POEM and SC now to open an account for investing.
DBSV fees seem cheaper than POEM's (and POEM's cash plus vs. cash management accounts seems confusing too). While SC fees are the cheapest at $10 for US/SGX, they are not CDP or CPF/SRS linked.
I'm leaning toward DBSV now. Any thoughts?
I am a passive investor, likes to hold longer-term with few trades per year.
You trade or invest in local or global markets?
Have you considered IBKR or TD?
Both. SGX more for dividend stocks and global (US) for capital gains. IBKR has a monthly fee of USD10 if I'm not wrong? For TD, tbh, I have to read more on them. Have you got experience trading/investing with TD?
Based on my experience, my advice is to stick to a brokerage which you are comfortable parking your foreign shares with, for long term investment. There may be certain promotions like free transactions, free custody fees, but we never know whether or when the promotions will end, or whether the brokerage will still be in SG after say, 10 years.
Transferring to another brokerage can be daunting especially if one has a number of counters and the quantity held for some counters are small.
For local shares, I still prefer using brokerages that I can park my shares in CDP, instead of their own custody.
(03-01-2021, 11:06 PM)cyclone Wrote: [ -> ]You can take a look at https://www.tigerbrokers.com.sg
What about FSMone? looks more reputable/reliable than tiger brokers considering the money laundering saga in NZ? But custodian bank is DBS and IBKR..so it's still in my consideration. Want to hold stocks long-term just don't want the hassle if tiger brokers is out of the scene in the future.
Thinking of using DBS for SGX and tiger/fsmone for US stocks
Hi guys,
For Hong Kong stocks, do u guys experience expenses such as (Dividend fee and scrip fee) before for the brokers u r using?
https://www.ifec.org.hk/web/en/investmen...ction.page
it looks like a standard practice for HKEX to charge that, but then just curious why some brokers such as DBS will charge them while Ifast will not.
Anyone heard anything about the differences?
Thanks!
Good day,
can I open a brokerage account while on holiday in Hong Kong?
I am looking for a HK owned company, trading HK stocks and have a EU passport...
