Search results
Aug 26, 2023 · If this is your first time in SGX stock ETF think you need research more which I did. Old era brokers usually charge 25+ comm fee but stock go into CDP in your name. Those brokers that charge cheap comm like IBKR, moomoo, tiger, fsmone etc use custodian account so your stock is with them. Poems is unique as it offer both mode.
Oct 30, 2023 · Tiger Brokers app is user-friendly and offers a multitude of benefits to traders. for me I find that the mobile app's intuitive interface simplifies the trading process and the costs and fees are competitive. Depends on what you are trading, you can research more on which app gives your lower fees, but I got no problem using them right now.
Mar 16, 2020 · I have just tried it on Friday and their commission does look the cheapest. Deposit and is into my Tiger Broker account within 30min with the FAST transfer. Their FAQ information is not very updated to Singapore in terms of deposit and withdrawal. I have to ask to use their chat on office hours to confirm if there are FAST Transfer.
Just a short comparison for both brokers's incentive. Tiger broker:-5 Free commission trade (UP: $1.99)-Free level 2 -Free $100 stock voucher (deposit 10k = $70, deposit 30k = $100) Moomoo broker (Updated 8 Mar):-Free commission (But comes with platform fees, about the same price as Tiger in that case, 0.005)-Free level 2 data-Free 1x AAPL Share
Aug 6, 2022 · My gut feel is this CDP subaccount need to pay monies to maintain and tiger broker is absorbing. If investor no trade means tiger broker not earning to cover this. If this is same flow for moomoo I think soon moomoo will come out same.
Aug 6, 2022 · You have to know way before all these new brokers appear on the scene, the old brokers all is go into CDP which is why paying 25++ brokerage fees are the norm during my era. Then late last year I back into SGX then find out all these new broker custodian concept but charge way cheaper 2-3 perhaps.
Aug 6, 2022 · If moomoo will follow suit what options do those buy and hold investors for SGX trades go to? Reverting back to old brokers is costly too. Hence buy and hold investors for SGX trades need to have some prepared mindset the road ahead. Rushing to close accounts with tiger to say go moomoo and then later is same there what is your next step?
Aug 6, 2022 · Tiger Brokers (Singapore) uses multiple custodians to safekeep your securities. CDP sub-account will be created when you first placed a trade on the Singapore Market. With effect from Q3 2022, Tiger Brokers (Singapore) will be implementing custodian fee charges for SGX trading activities.
Sep 29, 2022 · Tiger Brokers: moomoo: Commission: USD 0.005 / Share Min. USD 0.99 / Order Max. 0.5% * Trade Value / Order: $0* (Applicable to eligible clients of moomoo SG on US stock trading only, please click here for T&Cs.)
May 23, 2022 · Kong was contacted by Tiger Brokers on May 19 to arrange a refund of the fees, in line with the new cap on settlement fees. With the new cap, the fees for the trades he took in April is now US$511.50 (S$705). He will receive a refund of US$15,675.50 (S$21,598). He got refunded leh.
