This is a common question that is asked by every new investors out there. So when my friends started asking this question, I am really happy because that means they are heading towards the right direction: Investing for income.
First of all, let's start off with SGX or Singapore stocks. You will need to open a CDP account and also a trading account. The minimum age is 21 years old to start trading online and do bring along your IC for registration.
The main trading platforms are:
Philips Security (POEMS) - Any of their investor centres
UOB Kay Hian, DBS Vickers, OCBC Securities - Any bank branches
CIMB Securities, Standard Chartered trading account - Any bank branches
The online trading commission fees are listed below, updated as of March 2016:
Do take note that Standard Chartered bank is cheaper because it uses a custodian account. Actually, all the others listed above also offer custodian accounts similar to ......