www.hardwarezone.com.sg

www.hardwarezone.com.sg (/)
-   Money Mind (https://forums.hardwarezone.com.sg/money-mind-210/)
-   -   Poems new Cash acc. $6.88 fees. (https://forums.hardwarezone.com.sg/money-mind-210/poems-new-cash-acc-%246-88-fees-6208576.html)

Belle69 14-02-2020 02:45 PM

Poems new Cash acc. $6.88 fees.
 
Phillips Securities has a new Cash trading account which charges low fee of USD$6.88 for US markets.

Cheaper than online broker Saxo,TD,City Index and IB.

tangent314 14-02-2020 02:55 PM

Doesn't look too good once you look at the AUM requirements and the price for LSE.

https://www.poems.com.sg/cash-plus/
https://www.poems.com.sg/FinancialSe...-INFOSHEET.pdf

coolhead 14-02-2020 02:57 PM

Quote:

Originally Posted by Belle69 (Post 125158499)
Phillips Securities has a new Cash trading account which charges low fee of USD$6.88 for US markets.

Cheaper than online broker Saxo,TD,City Index and IB.



depends on trading frequency.

Posted from PCWX using Redmi K20 Pro

Belle69 14-02-2020 03:13 PM

under 'Privilege' scheme is worth it.

Expect other Singapore broker to follow suit with similar?

Really kanna overcharged.

tangent314 14-02-2020 03:25 PM

If you qualify for privilege scheme, why would you not use IBKR?
Pretty weird to claim that this is cheaper than IBKR, when IBKR has a minimum commission of US$0.35 for US markets

BBCWatcher 14-02-2020 04:40 PM

Quote:

Originally Posted by tangent314 (Post 125159387)
If you qualify for privilege scheme, why would you not use IBKR?
Pretty weird to claim that this is cheaper than IBKR, when IBKR has a minimum commission of US$0.35 for US markets

"Privilege" status requires at least S$250,000 of assets. The commissions are dirt cheap for everyone at Interactive Brokers, but if you have US$100,000 of total account value then the US$10/month minimum commission is waived. And it's only a minimum commission, from which your normal commissions are first deducted before you pay anything above US$10.

Interactive Brokers also offers much lower London Stock Exchange commissions across the board.

Belle69 14-02-2020 05:15 PM

I not a fan of shares custodian account.

makav31i 14-02-2020 05:29 PM

Quote:

Originally Posted by Belle69 (Post 125161450)
I not a fan of shares custodian account.

All assets deposited or transacted through the Cash Plus Account will be held in custody with PSPL except for purchases funded using CPF/SRS moneys.

Corporate actions, such as dividends and rights subscriptions, will be processed in the Cash Plus Account. Accounts with multi-currency facility will receive cash dividends in the declared currency unless otherwise determined by the issuer/PSPL.

tangent314 14-02-2020 10:10 PM

Quote:

Originally Posted by Belle69 (Post 125161450)
I not a fan of shares custodian account.


...so why do you still like poems?

hwmook 15-02-2020 02:34 PM

Quote:

Originally Posted by Belle69 (Post 125161450)
I not a fan of shares custodian account.

You are slapping yourself there.....

makav31i 15-02-2020 02:37 PM

Quote:

Originally Posted by hwmook (Post 125177652)
You are slapping yourself there.....

Must ask if the TS is working for POEMS or related to anyone working at POEMS...


All times are GMT +8. The time now is 11:04 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Copyright © SPH Magazines Pte Ltd. All rights reserved.