Yala i was dreaming. I thought FSM so good cos i saw a table they put out (from 1st page of app the Sg60 promo in Red Banner) and they state investment amount from 15k to 250k
U mean tiger is cheaper than fsmone?
Tiger is still ok for SGX trades as now they give us free comms. But for US trades i prefer Moo as the rates will jump for Tiger especially Moo platform fee is 99c PER ORDER
Assuming we ignore the exchange fees which includes the 0.35 SI agent and clearing fee. We can work backwards to find the break point where by FSMOne is the "cheaper" broker based on fees pre-GST.
IBKR I thought quite good?
For large amount of trades on sgx counters, fsmone should be the cheapest for commission given the fixed amount
Like i said, Tiger stopped the quarterly fee for good liao. In the past whether you hold or doesn't hold any Sg shares they'll charge you $2+ per quarter. Now they say will stop until further notice. They also throw in Free comms but that one need to ownself go activate it. That is how they can become cheaper than FSM for $20k shares.
oh?! when did they stop? got notice?
Yes. This month. U go into the app see. The banner is there. U go into the banner, they also tell you on top of that, they also give free comms. Got to click the free comms reward card to activate it.
May I know, this apply to trading share in CDP, or only for SGX share hold by Tiger?
Tiger actually holds whatever shares we trade with them in custodian account and they selected CDP to hold our shares. In the past they hold these custodian shares with DBS if I remember correctly, without charging a single cent. But one day they decided to switch them to CDP and start charging us Quarterly fees though these shares are still UNDER THEIR CUSTODY. i believe many left because of that.
I agree they took very long to revert their decision. It is unwise for that in the first place as they charge everyone including those who hold Sg shares there. Inevitably become a burden to have to keep remembering to trade quarterly.
So far I have no complaints about FSMOne.
Indeed if your trade size is big (beyond $25k or so), FSMone is simple and straight forward. But for those who love looking at TA and charts to get the best desired price, then moo and Tiger show better charts.
free money who doesn't like. I have sold some away along the way. Else by now should have more.
I recently unwind those UT redeemed from points. Can buy my family a nice mealIndeed if your trade size is big (beyond $25k or so), FSMone is simple and straight forward. But for those who love looking at TA and charts to get the best desired price, then moo and Tiger show better charts.
I love FSM giving us points so i can Change them to small baskets of UT. For now my small baskets grow to $45 already.
I keep them for fun. To look at the direction where the wind blows. Just like 1st August suddenly my whole baskets of 4 UT dips together i know it is something happen that causes mass panic and not due to 1 single fund.
Quite fun to hold them as wind vane.
Your trade size is big can really collect a lot!
I seem to have a $0 lifetime commission free card in my Tiger account from a referral promo. Just checked a recent US stock trade and I was not charged any commission, just the platform fee.
I am little bit confused about tiger share in CDP holding.
