List of Singapore Brokerages 2
I have compiled a list of the key Singapore Brokerages and its costs of transactions here:
| Name of Brokerage | Online Trade | Flat Rate | Remarks |
| S$25 minimum US$12.50 HK$100 A$25 | 0.28% to 0.18% | From first $50,000 to more than $100,000 | |
| S$25 minimum US$20 HK$180 A$30 | 0.275% to 0.18% | From first $50,000 to more than $100,000 | |
| S$25 minimum US$15 HK$120 A$25 | 0.28% to 0.18% | From first $50,000 to more than $100,000 | |
| S$25 minimum US$15 HK$115 A$20 | 0.275% | Flat rate of 0.275% | |
| S$22 minimum US$12 HK$100 A$22 | 0.28% to 0.18% | From first $50,000 to more than $100,000 | |
| S$25 minimum | 0.275% | Flat rate of 0.275% No rates for foreign denominated SGX counters. | |
| $25 minimum* US$15 HK$125 A$21 | 0.28% to 0.18% | From first $50,000 to more than $100,000 | |
| $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
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!
May 31, 2010 at 10:28 PM
Hi hjteo,
Thanks for visiting and clarifying this. Will update the table with this.
Regards,
Lemiz
December 29, 2010 at 12:09 AM
Hi, how to do we link DBS internet with DBS Vickers? Thanks.
RL
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
August 8, 2013 at 10:04 PM
By the way DMG Securities' flat rate is 0.275% :)
August 8, 2013 at 10:05 PM
By the way, DMG Securities' flat rate is 0.275% :)
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