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Singapore Brokerage Comparison 2021
By The Babylonians  •  January 6, 2021
If you are thinking about brokerage comparison in Singapore, look further no more. In this article, I would list out all the pros and cons of each in my opinion as well as the broker I am using personally.

1. Singapore Brokerage Comparison

Back then when I was thinking about buying US or China stocks, the options that are available is FSMOne, SAXO, and IBKR. Tiger Brokers and TD Ameritrade only came a few months later. So I went with FSMOne because IBKR charges a monthly fee of US$10 if your portfolio value is < $100k. SAXO has an annual custody fee of 0.12% and they have expensive currency conversion fees of 0.75% each time you convert SGD to USD and vice versa. The exchange fees alone can kill you. You have to come up with workarounds to convert SGD into USD first before depositing and the whole process is cumbersome. So I gave up on that thought....
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By The Babylonians
The Babylonians is a personal financial blog inspired by a book titled “The Richest Man in Babylon”. This blog shares insightful and educational content on investing across 3 asset classes: Stocks, REITs and Crypto. The motivation behind The Babylonians is to help the average Joe (using myself as a test subject) escape from the rat race through following certain laws and principles of wealth.
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