As a new investor, the first of many decisions in your journey to financial freedom is which stock broker to choose. The stock brokerage fees is something important to lookout for because it will affect your investment returns if you are paying more than you hope.
The table below shows only online trading without broker assistance in the SGX market. Here is the breakdown of the fees of various brokerage firms in Singapore:
|Stock Brokerage||Min Fees (S$)||Trading Fees|
|<S$50K||S50K – S$100K||>S$100K|
|Maybank Kim Eng Securities||25||0.275%||0.22%||0.18%|
|Lim & Tan Securities||25||0.28%||0.22%||0.18%|
|SAXO Capital Markets||25||0.15%||0.15%||0.15%|
|UOB Kay Hian||25||0.275%||0.22%||0.20%|
Do note that while commission fees are quite similar, the services offered by your brokerage firm will differ. This includes things like investor education, variety of technical indicators available on their online trading platform, quality of their mobile app, and how often your broker will contact you with market insights.
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