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...