Posts: 20
Threads: 8
Joined: Mar 2012
Reputation:
0
03-01-2021, 05:11 PM
(This post was last modified: 03-01-2021, 05:12 PM by BrendonA.)
Is there an account maintenance fee for SC brokerage?
I'm looking at DBSV vs. POEM and SC now to open an account for investing.
DBSV fees seem cheaper than POEM's (and POEM's cash plus vs. cash management accounts seems confusing too). While SC fees are the cheapest at $10 for US/SGX, they are not CDP or CPF/SRS linked.
I'm leaning toward DBSV now. Any thoughts?
I am a passive investor, likes to hold longer-term with few trades per year.
Posts: 534
Threads: 16
Joined: Dec 2010
Reputation:
7
(03-01-2021, 05:11 PM)BrendonA Wrote: Is there an account maintenance fee for SC brokerage?
I'm looking at DBSV vs. POEM and SC now to open an account for investing.
DBSV fees seem cheaper than POEM's (and POEM's cash plus vs. cash management accounts seems confusing too). While SC fees are the cheapest at $10 for US/SGX, they are not CDP or CPF/SRS linked.
I'm leaning toward DBSV now. Any thoughts?
I am a passive investor, likes to hold longer-term with few trades per year.
You trade or invest in local or global markets?
Have you considered IBKR or TD?
You can count on the greed of man for the next recession to happen.
Posts: 1,508
Threads: 29
Joined: Jan 2013
Reputation:
33
03-01-2021, 09:35 PM
(This post was last modified: 03-01-2021, 09:36 PM by Wildreamz.)
IBKR has a minimum monthly "activity fee" of US$10. This fee is waived if your total account net liquidation value (equity position at-the-market + cash) is more than US$100k (
https://www1.interactivebrokers.com/en/index.php?f=4969).
If you have friends with IBKR, they can refer you to get a $200 referral (
https://www1.interactivebrokers.com/en/i...hp?f=45764).
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Posts: 3,176
Threads: 630
Joined: Sep 2010
Reputation:
26
Specuvestor: Asset - Business - Structure.
Posts: 887
Threads: 29
Joined: Feb 2013
Reputation:
16
Based on my experience, my advice is to stick to a brokerage which you are comfortable parking your foreign shares with, for long term investment. There may be certain promotions like free transactions, free custody fees, but we never know whether or when the promotions will end, or whether the brokerage will still be in SG after say, 10 years.
Transferring to another brokerage can be daunting especially if one has a number of counters and the quantity held for some counters are small.
For local shares, I still prefer using brokerages that I can park my shares in CDP, instead of their own custody.
Posts: 190
Threads: 8
Joined: Jun 2014
Reputation:
2
Good day,
can I open a brokerage account while on holiday in Hong Kong?
I am looking for a HK owned company, trading HK stocks and have a EU passport...
Homepage
PR Newswire
