There are so many brokers in Singapore. If you choose the wrong broker, you will end up paying a high commission fee. In this video, I’ll show you what brokers are available and how to choose the best Singapore stock broker, enjoy!
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0:00 – Intro
0:47 – Types of Brokers Available
Brokers with CDP account allow you to buy/sell through different brokers. But their trading fees are super expensive.
Brokers with custodian account holds your stocks for you. You can only use the same brokers to buy/sell. But their trading fees are very cheap.
1:43 – Stock Broker Comparison
02:52 – CDP Broker
If you don’t mind paying a high fee, and really need the convenience of buying/selling stocks through different brokers, use CDP broker.
Personally I feel that convenience is unneeded as you can easily transfer the stocks over if needed. You would also need to get used to the new broker if you decide to transfer over.
5:05 – Custodian Broker
You can use Tiger Broker
or Moomoo.
Another option is Interactive Broker. However Interactive Broker charges $10 monthly maintenance fee if your total asset is lesser than $100k. A trick is to use Tiger Broker or Moomoo at the start, then transfer over to Interactive Brokers when you reach $100k.
6:55 – Summary
Good morning Kelvin, have a good Monday ☺️
Hi Kelvin. A serious qns tho…
Which brokerage to choose ah?
Am kidding 🙂
Ok here comes the qns.
1) With regards to tiger brokers right, this is smth many ppl don't think abt and i would love to clarify. Since tiger brokers is a Chinese brokerage, will the delisting of Chinese stocks from NYSE/ on-going growing tensions between US and China will threaten the US stocks in ALL Chinese brokerages such as tiger brokerages? If US can delist Chinese stocks from NYSE, their brokerages COULD do the same for the US ones.
2) What abt TD brokerage?
3) Which brokerage can buy fractional shares?
Choose tiger or ibkr.. Coz of the low transaction fee leh
Noti gang
Good morning Kelvin have a good money
Hi Kelvin, nice video. I find tiger's online client chat assist slow. About 50 mins waiting last time i tried. Can u review Futu for us soon to compare alternative, thanks!
We need a different content video after 20k subscribers
Kelvin can you review FSMOne MAPS?
Custodian vs CDP : will i miss out discounted share purchase promos if i take the custodian route?
Hi Kelvin, I think they made some changes to the AAPL redemption, now the users must make a minimum of 3 trades to qualify.
Tiger worst customer support, unable to reach for past 2 months.