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List of Singapore Brokerages 2

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I have compiled a list of the key Singapore Brokerages and its costs of transactions here:

Name of Brokerage

Online Trade

Flat Rate

Remarks

Lim & Tan

S$25 minimum

US$12.50

HK$100

A$25

0.28% to 0.18%

From first $50,000 to more than $100,000

CIMB-GK

S$25 minimum

US$20

HK$180

A$30

0.275% to 0.18%

From first $50,000 to more than $100,000

POEMS

S$25 minimum

US$15

HK$120

A$25

0.28% to 0.18%

From first $50,000 to more than $100,000

UOB Kay Hian

S$25 minimum

US$15

HK$115

A$20

0.275%

Flat rate of 0.275%

Citibank

S$22 minimum

US$12

HK$100

A$22

0.28% to 0.18%

From first $50,000 to more than $100,000

Kim Eng

S$25 minimum

0.275%

Flat rate of 0.275%

No rates for foreign denominated SGX counters.

DBS Vickers Online

$25 minimum*

US$15

HK$125

A$21

0.28% to 0.18%

From first $50,000 to more than $100,000

iOCBC e-Broker

$25 minimum

US$14

HK$100

0.275% to 0.20%

From first $50,000 to more than $100,000

To call 1800 338 8688 for counters in other currency

*A reader, Hjteo, commented that if you have a DBS internet account linked to the DBS Vickers site, you can get minimum rates of just $18.


All transactions are subject to the following fees:

i ) Clearing Fees : 0.05% ¹ or 0.04% ² of the contract value

ii) SGX Trading Access Fees: 0.0075% of the contract value

iii) 7% GST on commission, clearing fees and SGX Trading Access fees

1: With effect from 1 March 2007, the clearing fee rate will be reduced from 0.05% to 0.04% (only for shares, not applicable structured warrants, futures, options) of the contract value, subject to maximum of S$600 or US$393 or HK$3,095.

2: Meanwhile, the SGX clearing fee rate of 0.05% shall remain the same for trading in structured warrants, futures, options, subject (maximum S$200 or US$110 or HK$860).

This list is accurate as of 30 May 2010 and all the lowest charges in the table are in bold.

Please check the hyperlink to the fee and commission charges directly in the table to check for updates.

You may also like to print out the contact numbers of all the brokerages you are interested here at irasia.com

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6 comments:
gravatar
hjteo said...
May 31, 2010 at 8:21 AM  

Hi, many thanks for the update.
For Singapore shares, if we got a DBS internet account and we linked that DBS internet with DBS Vickers online for a cash upfront option, the min cost is S$18.

Blessed day!

gravatar
Lemizeraq said...
May 31, 2010 at 10:28 PM  

Hi hjteo,

Thanks for visiting and clarifying this. Will update the table with this.

Regards,
Lemiz

gravatar
Anonymous said...
December 29, 2010 at 12:09 AM  

Hi, how to do we link DBS internet with DBS Vickers? Thanks.

RL

gravatar
Lemizeraq said...
December 29, 2010 at 7:20 PM  

Hi RL,

You can look at this FAQ publish by DBS here:

http://www.dbs.com/sg/personal/ibanking/additionalinfo/faq/tradingservices/default.aspx

According to the info there, you need to have:
1. DBS Vickers account.
2. DBS ibank account

After which you can activate it. I quote from the site:

Account activation

7.

How do I use this service?

As long as you have an active DBS Vickers account, you can perform a one time activation to link up your iBanking with DBS Vickers Online trading account.


How long it takes is not stated. I don't have a DBS Vickers account so cannot advise you on the time it takes. From past experience, it can take 3 weeks or more for accounts to be linked. But internal bank transfer approval should be faster.

Regards,
Lemizeraq

gravatar
Sharon said...
August 8, 2013 at 10:04 PM  

By the way DMG Securities' flat rate is 0.275% :)

gravatar
Sharon said...
August 8, 2013 at 10:05 PM  

By the way, DMG Securities' flat rate is 0.275% :)

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The information contained in this blog is prepared from data believed to be correct and reliable at the time of publication of this report. The authors do not make any guarantee or representation as to the adequacy, accuracy, completeness, reliability of the information contained herein. Neither the authors or any affiliates or related persons shall be liable for any consequences (direct or indirect losses, loss of profits and damages) of any
reliance placed on information provided in the blog.

Shares and financial instruments illustrated in this blog can go down sharply or in certain instruments suffer total loss on the initial investments. Investors are advised to make their own judgment on the information provided and consult their own financial advisors or consultants as to the suitability of the products illustrated to their particular financial needs and objectives before acting on any information contained herein in this blog.