Invest
What Is a Brokerage Account?
By Seedly  •  April 6, 2020
Brokerage Account  To invest, you need to open a brokerage account (also known as trading account or simply a broker) with a brokerage firm. A brokerage account is a platform that allows investors to buy and sell investment products, such as stocks, REITs and ETFs, that are listed on a stock exchange. Brokerage firms act as intermediaries between investors and the stock exchange. In exchange for their work, brokers charge a commission fee. Here are some examples of brokerage firms available for investors in Singapore: DBS Vickers Securities CGS-CIMB iTrade FSMOne Fundsupermart KGI Securities Lim & Tan Securities Maybank Kim Eng OCBC Securities Phillip Securities RHB Securities UOB Kay Hian There are no restrictions to the number of brokerage firms you can open an account with. To find out about the cheapest and best brokerage accounts in Singapore, you can jump in here. On top of a brokerage account,...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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