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My Experience with the FX Spreads on Standard Chartered LiveFX
By Investment Moats  •  November 30, 2019

Since they started, I have been using Standard Chartered Online Trading as one of my main trading platform for the past 8 years.

Since then, a few other platforms have sprouted up, notably FSMOne and Interactive Brokers. They look to be competent platforms and would fit my needs, but we can observe high behavioral switching costs working here.

My rates are 0.18% for SGX Trades and 0.20% for other exchange trades with no minimum. This is because I am on Priority Banking. If not the rates are 0.20% and 0.25% respectively and there is a 10 dollar minimum.

While I should switch, as long as the platform is not too lousy, we find it a hassle to do a lot of things to move our funds over to another platform. FSMOne like many of the pre-funded brokerage accounts in Singapore, provide cheaper commissions if you pre-fund it.

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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