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(Post 178/ Year 3 Week 36)Learning investing/trading together part 24:How to purchase stock through SAXO
By Sonicericsg  •  June 8, 2020
In this learning investing/trading post, I am going to show how to purchase stock through SAXO

Surprisingly, the signup process for SAXO was easy as it uses Singpass information(for Singaporean resident only) for signing up despite it being a Denmark bank and in about one day, I open a brokerage account with SAXO(Remember to set your account as USD  denominated!).

So, why choose SAXO as a brokerage?

Pros
Good customer service, asked some queries on the account fee using the chat interface and was answer promptlyFees of $0.01 per share or min $4.00 USD Able to sign up using SINGPASSThere is a Singapore office Cons

No physical bank(Well,at least not in Singapore)Must transfer money to your custodian bank account assign to you and they will update your account balance(Updating of balance in the account generally takes an hour not immediate)Let's say you transfer $4000 at 3 PM to your custodian account, only at 4...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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