We get emails time to time from readers who are new to investing about how to open a brokerage account in Singapore. Most of time, we simply point them to our stockbroker (who basically sets everything up for them).

But we realised there are other people who may also be interested in knowing how to open a brokerage account — and the things that go into choosing the right broker — but just haven’t gotten around to asking how it’s done. So we decided to do a quick, simple guide on how to open a brokerage account for those who need a little bit of advice.

But first things first — before you open a brokerage account, you need to choose a broker. Singapore brokers are very nearly similar in the fees they charge (S$25) and the facilities they provide. But there are still some minor differences (e.g. ease …