Tiger Brokers – a NASDAQ listed brokerage firm – has launched the ability to trade Singapore equities in addition to US (NASDAQ and NYSE) and HK-listed equities at the most competitive charges locally – 0.08% with no minimums until 31 December 2020.
This compares favorably to all other competitors in the market, including traditional brokerages like Maybank Kim Eng, iOCBC and DBS Vickers (minimum S$25 per trade), against Stanchart Online Trading and FSM One (minimum S$10 per trade), and against Cash Upfront accounts on DBS and POEMS (minimum S$10 per trade).
For trading Singapore stocks, the fee structure is currently at a promotional rate of 0.08% with no minimum charge until the end of the year, before reverting to S$2.88 per trade excluding SGX fees — still a very competitive pricing!