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Not trading much? Why switching brokers can help you save money on these hidden fees
By Syfe  •  November 7, 2023
Stock markets have remained uneven and choppy in 2023, even as they recovered from last year’s slump. When markets are uncertain as they are now—thanks to high interest rates, spiking bond yields, stubborn inflation, and geopolitical tensions—people tend to stay away from trading to avoid any unwarranted losses. But do you know there is a cost to letting your stocks sit still?

Hidden fees when not trading

Different brokers has different fee structures. But some of the fees that can be sneaking up on you are: Custodian feeInactivity feeDividend handling charges

What’s a custodian fee? And do all brokers charge it?

Most brokerages charge a custodian fee whether you trade or not. Particularly if you are an investor in Singapore with US securities. Brokers act as a custodian of the securities you purchase and hold them on your behalf. For safeguarding your assets, they charge either a flat rate...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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