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I Found the CHEAPEST Way to Invest in Singapore Stocks
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Compare on pricing or user interface
$3200 per order example: 100 units of DBS or 1000 units of STI ETF
Cannot trade fractional shares in Singapore. Min lot size is 1 unit for ETFs, 100 units for Individual stocks
Commission + platform fees, find the breakeven for min fees.
Add Singapore Exchange regulatory fees & GST (0.04%+GST = 0.0432%), which is standard across all platforms
Interactive Brokers SG (not IB LLC)
- Min $2.50 Commission or 0.08% of trade value
- Breakeven = 2.50/0.08% = $3125, any order less than $3125 will use $2.50 comm
- Total fees = 3200*(0.08%+0.0432%) = $3.94 SGD
moomoo SG
- Commission + Platform fees = 0.06%, min $1.98
- Breakeven = 1.98/0.06% = $3300, any order less than $3300 will use $1.98 comm
- Total fees = 1.98 + (3200*0.0432%) = $3.36 SGD
Tiger Brokers
- Commission + Platform fees = 0.06%, min $1.99
- Breakeven = 1.99/0.06% = $3316, any order less than $3316 will use $1.99 comm
- Total fees = 1.99 + (3200*0.0432%) = $3.37 SGD
uSMART Securities
- Commission + Platform fees = 0.06%, min $2.88
- Breakeven = 2.88/0.06% = $4800, any order less than $4800 will use $2.88 comm
- Total fees = 2.88 + (3200*0.0432%) = $4.26 SGD
Syfe Trade
- Commission + Platform fees = 0.06%, min $1.98
- Breakeven = 1.98/0.06% = $3300, any order less than $3300 will use $1.98 comm
- Total fees = 1.98 + (3200*0.0432%) = $3.36 SGD
- Same as moomoo SG
POEMS Cash Plus
- Commission + Platform fees = 0.08%, no minimum commission
- No breakeven since no minimum fees
- Total fees = (0.08%+0.0432%) = $3.94 SGD (same as IBSG)
#Sponsoredby #moomoo
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