Best to shoot them an email. They replied me even though it's past office hours in like 1 hour time from my email send.
Sorry can't help you. Opened an account but never used them. Will consider using them after this in view of maybank fiasco.

I don't use live quotes by brokers. I use Google finance and put the price I want and wait.

Live quote for SGX, delayed quotes for US & HKEX

All online. Same as IB. You need a functioning phone no for OTP.

Bro aspartame,... no need to write any email,...wasting their time and our time only,...

Do a search with the word 'Live' on the FSMOne screen. From the hits that appeared, one of them will give you the answer to your question. I saw this before.

From what I know POEMS, Cimb, ocbc, uob, lim and tan. These are the main brokers I know of that charged custodian fee/+ dividend fee for SG stocks for their prefunded/cash upfront/prepaid account.

The above is for normal people without priority/private/privilege banking.

:thumbsup:

I'll give one more tip - if you want free live streaming for SG Stocks without any service levels, use UOB-KH's platform. Very fast,...

Because their official documents state they charged, I am not going to do business with them. I only do business with them for their unit trust.
My brokerage history is as follow.
DBS V cash upfront -> Maybank KE prefunded -> FSM SG (open for HK stocks but never used at all) -> Tradestation Global (IBKR)

Planned to stop using Maybank KE prefunded because of that fiasco and start to use IBKR full time. As long they don't charge me, I will keep my account open. Once they want to start charging, I will close it ASAP.

Bro,...talking abt custody fee or custodian fee,...

1) for a private bank or related inst, it's a percentage of AUM. Mine charges me every qtr.

2) for a brokerage, it means the charge on each foreign share ctr you hold.

Two types of custody or custodian fee.

Which brokerage, bro ? Service Level, or free for everybody upon logging-in ?

:thumbsup:

Their written rules did indicate they reserved the right to charge if an acct is inactive. But later, they replied Ramjade that they won't charge,... this is bad,...

Zacktrade, Jump around to other whitelabels lo. Pure IB. Simple. Always have backup to backups. Transfer everything into pure IB by that time ought to be enough to offset the USD10/month fee. It's not impossible not to get USD100k in say 10 years time.

Why do you think I don't open HK based brokerage when they are easy to open? Simple. All of them want to charge me dividend fees which I am not going to pay. Hence go the FSM and IB route where no charges on my dividend.
Sorry my bet. Acct maintenance fee. Still some kind of fee. Any fee = bad news =  stay away.
Cause I never notice DBS V cashupfront have custodian account. I only know custodian exist if one is Treasures level.
Anyway never use DBS V cash upfront already since using Maybank KE prefunded.

+1 should discuss in "which is the best broker in SGX"

Correct me if wrong....

CDP account - higher brokerage, but no dividend fees
Nominee account - lower brokerage, but got dividend fees S$5.00 (some brokers waive this S$5)

If each dividend is only $50, $5 is a lot. If each dividend is $1000, then $5 looks ok

Based on my understanding, Ramjade keep many counters. So, the dividend will be lesser and more frequent. As a result, he has to pay many times of $5 it becomes a lot of money relative to the dividend received.

If only have 2-3 counters, then amount for each dividend will be larger, so the $5 will look ok

Hence, if capital is limited, concentrate on a few counters will be better cost wise. Or, for long term, buy using CDP account, pay 1 time higher brokerage, then don't need to worry about dividend fee

Hi bro,...

Yes, generally, you are right in many things you wrote up there. If you over-diversify, then when dividend fees are charged, you will get hit. Furthermore, I am noticing an emerging pattern being corporate action charges being imposed which includes charging in assisting in Rights Issues, etc,... the waves are coming.

There were not so many different charges when I first invested in SG back in 2004/5.

It is getting expensive to invest,... and without the volume and bigger returns, then it makes no sense to invest in equities and in other exchange instruments anymore. For people intending to invest in equities for the long term, they should start to make as much money as possible from now in order to have the sufficient capital strength in future for making logical returns.

No meh ? Lowest fee like Saxo offer only nominee account. If you want CDP, it will be from other brokers, which their fee are higher
Ya loh....there is no perfect account. Brokers are in business and they want to make money too.

For malaysians with small capital, keep number of counters low to avoid excessive charges.

Do you use CDP or nominee ?

Actually hor....did it occur to you the value of corporate action in CDP account ?

First, it is quite infrequent. Some company don't even have corporate exercise.

Second, corporate exercise like rights issue, if you cannot subscribe because you don't have address in Sg, SGX will sell the rights for you and you get the market price of your rights. So, you don't really lose everything....

Maybe you should look at your portfolio and trace back 10 years how frequent is their corporate exercise. Because the dividend handling fees charge may exceed the cost of corporate exercise...

Wah, you are better in choosing broker than our cost-OCD bro ramjade 

Anyway, you are ok with paying the dividend fee, so no problem for you.

Brokerage and the associating cost is the last thing to worry in share investment anyway. Energy should be directed into picking the right shares. Profits will cover the small cost easily.

aspartame

Which brokerage do you use?

Thank you for you information.

Well said 

Investment ultimate objective is making money. Everything is in numbers.

But I can see some forummers here get satisfaction from having the cheapest trade platform and success in opening foreign countries bank/trading accounts itself. Whereas the real objective of investment, ie investment returns is not their main focus.

Apparently they are happier with the process than the result 

You have a very good and inspiring blog. Recording down your journey in numbers. Show your milestone by adopting an investing strategy - dividend strategy 

I wish ramjade and plumberly can also learn from you by sharing their experience in their strategy - buy at low target (ramjade) and sell in anticipation of a crash (plumberly)
On a side note (for everybody's comment), a rough calculation of your dividend yield is ($13kx2=$26k) / $457k = 5.7%pa

Some banks offer structured products with 5%-6% return with the following terms and condition :

1. Underlying shares in major market (eg. FANG)
2. Knock-in at say, -30%. Meaning if any of the FANG falls 30% below original price, then knock in event occurs.
3. If knock-in event never occurs, then you are paid 5-6% pa. Typical length is 15 months
4. When knock in event occurs, bank refund you 100% original amount you put in. But you don't earn any return

Question to everybody : would you take up the structured product or invest in dividend strategy ?