I recently decided to open a
Standard Chartered SGX brokerage account
Why?
- Very low commissions (0.20% brokerage+0.0325% market fee), makes it really awesome for small trade sizes like mine (kinda like US discount brokers), potentially high cost savings
Meh
- Not CDP account but custodian account, however, there is an option to transfer your holdings to CDP for a fee of ~$10 for each counter (which I aim to transfer every year)
- More troublesome if I wish to attend AGMs and participate in rights issues
Also, in order to open a Standard Chartered Brokerage account, one must have an account with them, there was 2 options, eSaver (purely online but poor interest rates) and Dash accounts.
I decided on the
Dash account, some reasons why:
- No minimum balance (just for transferring funds in and out, and receiving dividends)
- Bank interest of 0.5% p....
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