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New brokerage account and a Refresher on mindset
By Azrael's Financial Cents  •  March 14, 2016
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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By Azrael's Financial Cents
Azrael is the author behind Azrael's Financial Cents, a personal diary of his journey towards Financial Freedom. Hopefully, while sharing his experience, he can help his readers and better himself too.
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