I have no issue with closing my brokerage account if they don't serve any purpose. With the maybank fiasco I told my trade representative to send me account transferred form and closure form. At the end of the day is just a tool to achieve your end goal. Why so touchy I spoke the truth about SG brokers? They are a leech. It's cold hard truth.

For now yes. Have not found a replacement for it yet. Like I said where on earth can retail investors like me without priority banking have access to spot exchange rate, more or less worldwide market at such low peice? Is like a wish come true. They make everything cheap and possible. Investing doesn't need expensive fancy looking Relationship management. Is like now everyone can invest. Something like air asia. Now everyone can fly. Sorry I have a peasant mentally so additional cost is a very sensitive issue to me especially if the additional cost does not being any added benefits.

This post has been edited by Ramjade: Jul 25 2019, 06:01 PM

Good. Don't forget to close all SG accts,.. Don't comment abt them anymore.

One more thing : close the DBS bank acct too. Don't talk abt brokers only.

I am thinking more about it like AirAsia. Ugly interface, cheap but practical. Gets you from point A to B

And why should I close? I close only what is not relevant and not useful. If is still useful why close? Wondering why are you so touchy when come to brokers? Remember they are not family members which deserve our kindness.

If you like to support them by paying them extra, by all means go ahead. I got no issue. I just wished that they will buck up and give cheaper options to retail investors. Why the need to charge so high cost? It's true as one Singaporean said, investment in Singapore is a costly affair with ETF costing an arm and leg with what they cost in the US.

This post has been edited by Ramjade: Jul 25 2019, 07:12 PM

Don't deviate from the main theme by using words like touchy. Shows your immaturity towards a strong debate. Grow up.

So, you still think this SG bank is GOOD. Then talk abt the good side more, don't insult the bad side only. Remember to close all the SG broker accts. Do not hesitate, YOU carry the conscience if you leave any SG brokerage acct open.

And don't comment abt the SG brokerages anymore. Your whinings are uncalled for, if you don't like it, then leave. Why whine and bark everyday and night ?

Grow up.

By the way, you call it an ugly interface because you do not know how to use it, and your mind is not accustomed to it.

Actually is true. I touched about SG brokers being outdated, pricey, and you straight jump. If that's not touchy, I don't know what is. Reality and truth is harsh to swallow. I know. I think is fair if we comment about the negative part of brokers? No? Recently we commented on difference in IB Whitelabels.

Like I said different brokerage for different purpose. Got nothing to do with conscience.

We are talking about brokerage here. Not bank.
The only good thing about SG custodian brokers Maybank KE Prefunded and FSM is the no fee for keeping an account with them until recently with Maybank actions. Able to participate in rights and placement as an international investor without a SG address. FSM have good parking place for money. That's the only benefit. Period.

I was comparing with POEMS, DBS V and FSM interface. Interface is of no importance to me.

This post has been edited by Ramjade: Jul 26 2019, 07:39 AM

Actually I am also thankful there are ppl like you around..u keep the brokers in check.. ur biz might not be much but brokers do not like to lose market share both in terms of volume and client base ...i , for one , is not so price sensitive ...if everyone is like me or even Hansel , I think brokerage rates around the world will still be sky high.. actually the main reason was also the competitiveness of IB... but u also don’t see IB getting all the share ... in fact they are not even Top 5 biggest in US.. see? Not everyone is so price sensitive ... there are other factors to consider

This post has been edited by aspartame: Jul 26 2019, 08:37 AM

When you are poor like me, cost is always and will be your no 1 priority. This is coming from a poor guy who watches his every cent as you cannot afford to lose a single cent for no reason.Is like make sure there is food on the table first before thinking about something else.

Looks like you are still not confident abt closing your brokerage accts in SG. You keep saying this and that, trying to create reasons to yourself, and to readers here in order to maintain your SG brokerage accts.

Look at me - I have full confidence in my SG accts. I don't apply IB or White Labels though I know and have read abt them. What are you afraid of ? Scared that one day IB or the White Labels will dissapoint you in some way ?

You're WRONG abt DBS being a bank only. YOU enter through the DBS site for the cheaper cash upfront acct. NOT through DBSV. Pls get your facts straight before commenting.

You are also wrong abt the SG address thing. But since you are talking so much here abt how bad the SG brokerages are, and need to close your accts soon, I won't teach you further.

I'll stop whining here, otherwise, I'll turn out to be like you...

Bro,... his comments are giving reasons and ideas to the SG brokers to create more fees and costs for us ! MKE did the acid test and tried to impose those charges, and would have been successful if not for some investors who raised concerns to the regulators,...

Secondly, IB is not very cheap for buying US shares. My brokerage is even cheaper.

Don't listen wholly to him.

...added : If ever one day, the fees become too high in SG,... then it's thanks to him.....

Frankly,... I did my best to introduse a good jurisdiction for us in Msia and elsewhere to invest into,... I have nothing personal to gain from it. He bought my idea too and invested there. He opened accts there. He was lucky, he moved fast.

Today,... he is trying to damage this effort.

This post has been edited by Hansel: Jul 26 2019, 11:39 AM

You need a SG account if you want to invest overseas to save cost. If you rely entirely on Malaysian account, is going to be expensive. That's a fact. So far IB fees have remain the same for almost 10 years. The first time I heard of them I google their fees. The fees then and now remain the same. Same with the conditions. The only thing stopping me then was the USD10/month fee which is too steep to bear and I did not know of white labels then.

DBS V is also include in DBS V cashupfront. I have always use DBS cashupfront and never use DBS V to buy. They have dividend fees + maintenance fee for overseas stocks. Their commission is also expensive. I got my facts right as I went through the entire pricing document. Why do you think I did not buy any foreign stocks using DBS V Cashupfront? The reason is the fees.

Show me then. I have message both DBS V and CDP, both told me need to have Singapore address before can participate in rights, placement. It's easy for you cause you already have a property in SG. For people like us, we can't even participate in rights cause of this address thingy. Unless you use a pseudo address kind of service, then yes. Can bypass CDP restriction. You have already stopped teaching me long time ago when I disagreed with you.

Actually is not. Is Maybank got greedy and thought they can get away with it. They never thought their customers are price senstive and attempted to move out. If mass move out happen, it will be a mini bank run. Is the last thing they want. If you read in the investment grouss, lots of people are going to close account. This scared Maybank into undoing their action.

Did you checked out tiered pricing on pure IB? Please checked out tiered pricing of pure IB before commenting. Few cents per transaction. If that's not cheap, I don't know what is.
https://www.interactivebrokers.com/en/index...=1590&p=stocks2
Tell me does SG broker pricing requires one to be a priority/privilege/private banking customer first? Is it open to poor people like who cannot afford priority/privilege/private banking?

Yeah please don't listen to me. I live the low cost life. Is destroying if they are stubborn to change. Is encouraging them not to be more competitive. It's destroying if they become less competitive like what they are doing. Anyway I ikan bilis only what. My business won't have any effect on them. Introducing cheaper fees = destroying or is introducing more fees = destroying? There is a reason SG is losing out to HK market in recent years.

This post has been edited by Ramjade: Jul 26 2019, 12:34 PM

Hi,

May I know the differences between tradestation & tradestation global?
I received the info from tradestation ask me to transfer fund to their bank account in US, and the minimum to start is USD 500.

anyone heard about/ or use WeBull to buy ETF ?

Hi i currently looking at VUSD:LN, any similar ETF (which is benchmark against S&P500) and dividend is accumulating?

i registered before.
No commission, but if i not mistaken, deposit and withdrawal will kena charge also.
not so suitable for me

I think tradestation is solely for US stocks and is not part of IB (can't see any IB banner on their main page vs global page)
while tradestation global is well... global.

this thread is getting more interesting when Bro Hansel met Ramjade.

please be chill.

Lately I sign up Sg Stashaway and put some here so that I may invest in US etf. any comments ?

Not worth it. If you have access to IB/SCB SG, can DIY. That's one of the main reason until today I am not opening a robo account. Stashaway uses US based ETF. DIY can go with Ireland base. Save 15% dividend tax from Unker Sam.
Follow instructions on first page go or with bogle head 3 funds.

Long term wise IB cheaper than > SCB SG.

Regarding boglehead 3-funds, are you investing in these 3 or other equivalent ETFs?
Vanguard Total Stock Market Index Fund (VTSAX)
Vanguard Total International Stock Index Fund (VTIAX)
Vanguard Total Bond Market Fund (VBTLX)