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Trading in US stocks from Singapore?

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aster
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Trading in US stocks from Singapore?

Postby aster » Thu, 06 May 2010 1:40 am

Please forgive me for not having a flying clue as to what's a good deal and what is a dire poor one, but can someone just give me a general impression on whether this is a decent/rip-off (please circle the appropriate) offer?

https://www.citibank.com.sg/SGGCB/APPS/ ... 20Deposits

P.S. I'm not into day trading or massive buy/sell turnover so the fees aren't going to stack up due to frequent trades, but at the same time I don't want to be getting ripped of each time I make a transation.

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Postby Girl_Next_Door » Thu, 06 May 2010 8:33 am

Here is another company for comparison.

https://www.cimbinvest.com/app/help.cli ... at=01_05#2

I wanted to post UOB Kay Hian & Phillips Securities but its simply the main website. If you go to FAQ, you should be able to find the commission rates for comparison.

I think you can check out all the major securities firms in Singapore, on their commission rates. Opening a trading account with them, should give you access to US market and most of the major international market as well.

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Postby aster » Thu, 06 May 2010 12:20 pm

Could someone please help me compare the two just to make sure I'm getting this right... :)

https://www.citibank.com.sg/SGGCB/APPS/ ... 20Deposits

http://www.dbsvonline.com/English/index ... MenuLink=5

If you invest <$50,000 and the share price is $2 or below then both companies charge the exact same commission?

But if you were to invest say $50,000 in Google stock at say $500 a share then...

- with Citi you would pay $150
- with DBS Vickers you would pay just the $29 min. fee (as otherwise at 0.03 USD a share the cost would be just $3?)

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Postby aster » Sat, 08 May 2010 2:25 am

Anyone?

Can DBS really charge just 3 cents per share, even with Google stock around the $500 mark, while others want up to $1.50 per share (0.3%)?


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