A list of brokage firms available in singapore.

[The_Davis]

is there any thread on brokerage charges?

 

[chemz]

Sometimes, people just carry on trade without asking what commission is for? Last time b4 got online trading, brokers must do paper work & stuffs, but today with the technology available, nobody ask why still give commission to these brokers. They are not earning from useful services.

In fact, there is a serious flaw and impairment in this commission-based stock trading because whether stock value is positive or negative for the stock holders, a broker enjoy commission. A broker can encourage a negative and disastrous market and still reap commission from the stock meltdown. In principle, a online broker is handed a virtually risk-free business made in paradise with no duty, moral and culpability to give service.

Broker commission should be exterminated as it has become a meaningless give away of money.

u're paying comms for several reasons:

1. platform infrastructure, your ability to execute online is dependent on the broking house IT svcs.
2. settlement processes, there's much more going on behind the scenes when u make a buy or sell.

if you're saying broking commission shld be exterminated, then whts the whole pt of having brokers? nobody's gonna do your dirty paperwork and legwork for free, and you can trade by physically finding a counterparty to buy or sell ur shares to cos nobody's gonna run a platform for u to execute any trades from.

 

[Mohd.Nazz]

CityIndex CFD Acct.

Hi anyone trading with CityIndex CFD. Pls share your experince. I find CFD much affordable.
Pls advice.

 

[bluesurfer]

anyone have an account with citibank brokerage? how is your experience with citibank brokerage? user friendly?

 

[chemz]

anyone have an account with citibank brokerage? how is your experience with citibank brokerage? user friendly?

slightly cheaper, but unable to contra.
opening will require 1k sgd if you do not hv a citi acct.

upside is realtime US quote for free.

 

[marcoyeo]

no one using Lim&Tan?

http://www.limtan.com.sg/

 

[reyesnowen]

any 1 use cimb-gk trading platform?

 

[Weng123]

no one using Lim&Tan?

http://www.limtan.com.sg/

I just opened a Lim and Tan trading account. Their trading website looks good.

 

[evets]

any 1 use cimb-gk trading platform?

i just set up the cimb account and still exploring...

i find that commission charges do not differ much ...range about 0.25% - 0.28% for online trading with a minimum charge of $20 - $30 averagely.

the ease of trading platform, assessibilty to research reports, charting s/w will be what I am looking for in a trading accounts...

 

[dubberinc]

im a NSF below age 21..so far i've opened an acc with phillips,are there any other brokerages that allows ppl under 21 to open an acc?need another one as a backup..so far iocbc needs a 5000deposit, dbsvics,CIMB,KE din say much abt that..anyone knows?

 

[compro_1975]

ya i am very turned off with the 5k deposit.... POEM i dun dare trust.... din really hear their name bef..... nw i am looking for review of UOBKH

 

[evets]

ya i am very turned off with the 5k deposit.... POEM i dun dare trust.... din really hear their name bef..... nw i am looking for review of UOBKH

i tot it used to be 1k?

u never hear before does not mean that the company is not reputable.

i actually find poems one of the more comprehensive brokage firm around.

 

[theothers]

oh ya i think someone asked and hasnt got answered - regarding the opening of account with such stockbrokers........ do we need to first register ourselves with CDP first?

 

[zhixng]

Hi. You don't need to register with CDP first! The firms will do it for you as part of the application process.

However this will take up to 14 working days. So if you think about it, it can be a wait for up to 3 weeks.

Instead, you can head down to open a CDP account yourself. It will only take up to 3 - 5 working days. After that, opening an account with whichever brokerage firm you choose would take a much shorter time.

Cheers.

 

[h.y.o.m]

The cheapest brokerage fee that I know of for trading Singapore stocks is the cash-upfront account from DBS vickers. It is 0.18% min SGD18 compared to the rest around 0.275% min SGD25.

The disadvantage in this account is as the name suggests, cash-upfront. You have to put cash into the account first before you can trade. You cannot do contra-trade.

As of now, I have never met someone who has successfully profited consistently using contra-trading. On the other hand, I have heard many people losing their shirt contra-trading.

So, this disadvantage is nothing. It is very risky to make trades with money that you do not have in cash in the first place.

I am buying all my Singapore stocks using DBS Vickers cash-upfront account now.

 

[tradingexpertsg]

From my experience the best Forex brokers are eToro and Easy-Forex. Besides in Easy-Forex you can trade USD/SGD currency pair.

 

[technokid]

my current one is ketrade - one of the oldest securities firm. I just opened last mth, make some allowance. addem, u can email contact, meet@wkend open a/c, I can fwd my remisier if any interested.

 

[Pulses101]

Hi, nowadays, opening account is rather speedy. If no issues arising, the account can be opened in 1 wk time. But that's for UOBkayhian.

 

[Wealth Bingo]

Any one try using etrade for trading ? i heard the commission is very cheap.

 

[evets]

Any one try using etrade for trading ? i heard the commission is very cheap.

transferring fund might be a hassle and added cost to the cheap trading fee though.