The 2 brokerage that I use for my stocks purchase/sale are POEMS & CIMB.
Commission for Singapore Exchange:
1st 50k S$, online trading, non-advisory -
POEMS: 0.28%, minimum $25
CIMB: 0.275%, minimum $25
I have the Citibank Online Trading Account since Dec 09 but haven't used it for any trading yet. Mainly, I use it for SMS alert for those counters under my watchlist - I can preset the lower & upper limit for any counter and the system will send the alert via SMS and/or email once the counter reach this limit. I indeed received the SMS alerts for those counters that reached their respective preset limit. Since this service is free, I'll be testing for a few more weeks to see how "realtime" the alert is.
Recently, I applied for the DBS Vickers Online Trading Account just last week and waiting for the account to be activated & linked to CDP. The perks of this trading account is that for the "cash upfront mode" (i.e. if one links it to his/her DBS/POSB savings account and transfer sufficient cash to the trading account before buying each counter)the commission fees (for purchase) will only be 0.18% (S$18 minimum) for Singapore market. However, since the cash will need to be transferred prior to the trade and thus paid "upfront", Contra is not allowed using this mode. I will definitely use this account to purchase the counters that I'm not intending to Contra to lower the commission fees.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment