QUOTE(tohca @ Dec 18 2011, 10:35 PM)
don't forget that you may also lose out on currency exchange rate each time you do a trade, whereas if you have a sump of money you plan to invest in SGX, then you do it only one time. I think the bank's exchange rate is higher than thro a money changer.
In addition to the cross border trading brokerage each time you trade, there is also a minimum S$25 or 30 per contract that you have to pay. And I think they also charge higher comm rate and perhaps GST of 7.5%.
Well if convenience is your priority, then I have nothing to say.
Thanks for sharing tohca. hope u dont mind if i ask another question. does the SCB settlement acc pays any interest when the money is park there say for a month or two while waiting for purchases ? In addition to the cross border trading brokerage each time you trade, there is also a minimum S$25 or 30 per contract that you have to pay. And I think they also charge higher comm rate and perhaps GST of 7.5%.
Well if convenience is your priority, then I have nothing to say.
Dec 19 2011, 07:26 PM

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