SGX Counters, Discussion on Counters in the SGX
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 Jul 3 2019, 09:43 PM
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#1
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Junior Member
67 posts Joined: Mar 2014  
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Sorry a bit off topic, but can anyone recommend a low-cost SG broker? Between pre-paid POEMS or FSM, which is better? Both accounts charge SGD 10 per trade. I'm inclined to choose POEMS, as they offer money market fund.
I do not need margin financing. My trading frequency and trading volume are low (less than SGD 500 per month). Thanks for your input. |
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Jul 4 2019, 12:36 AM
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#2
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Junior Member
67 posts Joined: Mar 2014
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QUOTE(Ramjade @ Jul 3 2019, 11:23 PM) Avoid POEMS for stocks. There have quarterly dividend charges. Thank you for your valuable input Ramjade. POEMS only good for unit trust. Their money market fund is good to open. Other than unit trust and money market fund, they are pretty useless. FSM better choice. Now with their own money market fund at 1.5% p.a, is quite a good place to park. Cheapest stock exchange is interactive broker. If you have no USD100k, or don't generate min USD10/month trade commission (their commission is in few cents), best to go with whitelabels of interactive broker. More info can be found https://forum.lowyat.net/topic/3396549   I'm actually looking for a broker that offers regular savings plan (monthly deductions from savings account to purchase stocks/ ETF). Apparently only DBS, OCBC, and POEMS offer RSP to purchase stocks/ ETF. Maybank KE has sadly discontinued RSP. |
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