Invest
On trading apps
By betterspider  •  May 1, 2021
Gone are the days of paying $25 per brokerage trade – what a big daylight robbery. With today’s tech driven efficiencies and increased competition, traditional brokerages have limited runway left. In the past, I’ve recommended using Stanchart for trading Singapore stocks. Several years back, Stanchart Online Trading had no minimum commissions, which made trading on their app accessible for those with limited sums to invest. Today, the minimum commission per trade is $10 with them unless you’re a priority banking customer. Other banks like DBS (with Vickers Cash Upfront) and FSM One also ask for between $8-$10 per trade, and if you make 5 trades a month that’s $600 gone every year – still too expensive. If you’re investing $6000 a year that’s 10% lost in returns before you even started. On foreign stocks, it might cost even more. Low cost brokerages have entered the scene in recent months....
Read the full article
By betterspider
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance