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An alternative to Standard Chartered new brokerage fees
By Lazy Singaporean  •  June 17, 2016
Talk of the town The buzz term today is the new brokerage fees imposed by Standard Chartered bank for online trading. Standard Chartered used to be the saviour for retail investors, charging 0.20% brokerage fee for any trade for the Singapore market, without any minimum commission. A $1,000 purchase only costs me around $2 in commission. Comparing it to other brokerages, I would have needed to pay at least $25, which is the minimum commission. But, the music has stopped right now. As of 1st August 2016, all new trades will be subject to a $10 minimum commission (unless you are a priority banking client, with at least $200,000 in holdings with the bank). The information below is taken from their website. What are the implications? Although the $10 minimum commission is much less than $25 levied by other brokerages, it is still very bad news for us.  A ......
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By Lazy Singaporean
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