Which broker do you use???

[soros]

If a singapore bank is preferred or thought to be safer , then consider opening account with ocbc and use their research info :

https://portal.iocbc.com/assets/pdf/ospl...age-HK.pdf

[Bibi]

If a singapore bank is preferred or thought to be safer ,  then consider opening account with ocbc and use their research info :

https://portal.iocbc.com/assets/pdf/ospl...age-HK.pdf

yes thanks. I was thinking about opening one with OCBC.

[angelzsoul]

do all these brokers (local,fsmone) inform us on corporate actions (egm, rights issue) for foreign shares?

[soros]

if the shares are held in broker account, the broker should contact you regarding payment of int. and fin. dividend and any rights issue.

if the shares are held in your own name, the company will communicate direct with you as a shareholder..

[dreamybear]

Will online trade comissions in SG be reduced moving fwd ?  Hmmmm ....

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Charles Schwab and brokers cut fees as some warn 'there is no real free lunch'
3 October 2019

The commission-free broker war is on — as is the battle for the hearts and wallets of retail investors.

On Tuesday, Charles Schwab (SCHW) announced that it was eliminating fees for online trades — including U.S. stocks, ETFs, and options, years after Robinhood began offering the same. That begins on Monday, October 7. In a statement, Schwab CFO Peter Crawford called the move “inevitable” and the right thing to do for clients.

TD Ameritrade (AMTD) also jumped on the bandwagon, announcing that its U.S. brokers will no longer require fees for online trades, U.S. and Canadian ETFs, option trades as of October 3. However, those trading options may have to pay a $0.65 fee per contract, they added, but “with no exercise and assignment fees.”......

‘No real free lunch’

However, at least a few market watchers contend that Schwab’s — and even Robinhood’s — “free” services don’t exactly translate into a net win for the customer.

While the platform doesn’t charge fees, unless one uses its special services like Robinhood Gold, the cost is actually reflected in the price of the asset being purchased.

For example, if you buy a stock on no-fee Schwab, you place an order. The brokerage sends that buy order — say, for $5 — to a third party. That entity sells you the stock for $5, but the actual cost of it was $4.99. The $0.01 made on that trade is then shared between the third party and the broker.

On top of that, brokers have other ways of making money.

For example, an outside professional trading firm may buy up all the retail-investor orders that come from a broker, be it Robinhood or Fidelity, and executes those trades.

These companies then make money from the gap between the bid and the offer. And depending on whatever they make, the broker then receives payment for the order flow......

Read more : https://sg.finance.yahoo.com/news/charle...56388.html

[dreamybear]

Feeling financially stretched and desiring a more IT reliable online platform, I am considering moving my HK/US shares to the online brokers.

For e.g., the difference in commission fees between moomoo vs Utrade seem to be quite drastic even when using Utrade(cash upfront) vs moomoo(with platform fee charges). The moomoo platform fee is fixed per order, thus a high trade value per order wld be even more cost effective.

Alas, the showstopper is the forex switching cost, which I have been trying to figure out how to mitigate.

Equities Commission Fees
https://www.utrade.com.sg/home/Faq.html
https://www.moomoo.com/sg/broker-about/pricing

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Which broker do VB use ? 

[gzbkel]

I have been using IBKR for a few years. They charge low rates for commissions and currency conversion. I am not sure how it compares to newer brokers like moomoo, but its definitely much cheaper than traditional brokers like DBS or Maybank KE.