It seems like there is a new broker in SG.

https://www.prosperus.asia/

Fees: https://www.prosperus.asia/pricing/

Funding: https://www.prosperus.asia/faq-funding/

This post has been edited by TOS: Jun 22 2021, 12:10 PM

Nice to know but seems nothing special about it?
No promotion and fees are not low.

Well, all brokers are not special.

Fees as far as I know are based on percentage like say 0.1%. If your current broker charge you a fixed commission and you invest a larger capital per trade then the percentage might be lower than 0.1%, in which case Propsperus is not recommended for you.

For my case, I have small capital, so if compared to say TSG 3.75 SGD per trade, the fees amounts to something like 0.5-0.7% per trade for me. So this seems quite attractive to me.

As for promotions. There are promotions but not exactly related to investment. https://www.prosperus.asia/promotion/experi...hile_investing/

Forget about promotions. You should focus on the credibility and reliability of the platform, not one-off sweeteners. Fees, customer service, ease of usage of platform etc. should be your prime consideration, don't let the capitalist and marketing agents fool you.

DUDE. It can trade LSE?? (Tiger and moomoo cant)

Meaning I can buy VWRA cheaply with this and avoid US estate taxes and 30% div tax?

Referral code mari!!

The no minimum fee structure seems really attractive.

Why not IBKR (TSG)?

This post has been edited by Gwynbleidd: Jun 10 2021, 09:50 PM

Prosperus grew out of CGS-CIMB and is aimed at the digitally-savvy. So likely all major CGS-CIMB-served markets are also covered by Prosperus.

As for referral code, I didn't open any account with it yet. I came across this new brokerage service while looking for research reports for OCBC and Ascendas REIT on Investingnote.

https://www.investingnote.com/posts/2266370

At least I know Prosperus has a transfer out fee of 50 SGD per counter. Something to take note of.

I am still happy with TSG for now. I don't bother about referral codes anyway. Marketing gimmicks don't work for people who study economics like me.

Indeed this no-minimum fee structure caught my attention, which is why I share here. But above some large numbers, for SG stocks, better off with Moomoo/Tiger/Pure IBKR. They charge less than 0.1%, Moomoo go as low as 0.03%, Tiger 0.04%, Pure IB 0.08% if memory serves.

TSG is dinosaur-era stuff for him.

TSG site looks like shit, I prefer companies regulated by Singapore gov.

Then after Moomoo and Tiger, this must be your new test vehicle. No "free" apple stock ya

Being able to buy VWRA under a familiar local bank regulated by Monetary Authority of Singapore sounds good enough for me.

what is the difference with CIMB CGS

https://www.cgs-cimb.com/en/cgs-cimb-securi...l-investors.jsp

CGS CIMB is more like IBKR/TSG geared towards more sophisticated users.

Prosperus is more digitally-driven and more like "Moomoo/Tiger broker/TD Ameritrade" style. They are geared towards millenia.

You can compare their product offerings respectively. Pricing are also different: https://www.itradecimb.com.sg/app/help.clie...1515778a7b200d8

So you can say CGS CIMB is a full-fledged broker while Properus is more DIY and more like a discount broker with the bare minimum to keep you running.

Just opened Prosperus account. It has no referral bonus system.

Their leng lui customer service made a whatsapp video call to check my mykad for KYC, they don't have onfido or automated systems.

Gonna transfer S$ 1000 this week and try buy some VWRA, see if its any good.

So this is prosperus account opening campaign
https://www.prosperus.asia/experience-life-terms_conditions/
1.token for trading- Deposit min SGD 1k get 28 token(for trading)

2.lifestyle experience-As a further benefit, the first 500 new clients who make an initial funding of SGD3,000 or more and who then execute at least three trades within 60 days (during the Campaign Period) after their account has been set up shall also be entitled to enjoy a variety of curated ProsperUs Experience(s) (the “Experiences”) such as lifestyle, well-being and dining experiences.
For existing CGS-CIMB ProsperUs clients, the first 200 existing clients who make a funding of SGD3,000 or more to their account during the Campaign Period and who then execute at least three trades within 60 days (during the Campaign Period) of such funding will also be entitled to the Experiences.

3.referral code-Apart from the foregoing and as an additional benefit, successful applicants who open a new ProsperUs global investment account with CGS-CIMB and who input a unique referral code into the referral code field during the account opening shall enjoy an additional one-time top up of SGD20 into their global investment account within 7 days of their account opening. A further SGD30 shall also be credited to the said account if 3 trading transactions are executed successful within 60 days (during the Campaign Period) after the account has been set up.
The unique referral codes can be obtained from certain articles in the Investing Note website (https://www.investingnote.com/) or from certain marketing material disseminated directly or on the social media/landing pages of the SNACK insurance platform by NTUC income or from certain social media channels and/or personalities who will make known these referral codes in their social media content.
The code from investing note is INVESTNPROSPER

Shit, I missed out clause 15-16. Go look for ref codes then.

The code from investing note is INVESTNPROSPER

I have bought VWRA with Prosperus.

Account opening is easy for Malaysian, no need passport.

Funding account is easy with Paynow QR, I just used OCBC PayAnyone app, scanned it, Prosperus detected deposit immediately.

They offered 2 trading interfaces - Build or Boost. Boost is more like traditional broker UI, Build is simpler. I used Build to buy VWRA, pretty easy and straightforward.

The commission for London traded instruments really goes by %, no minimum. Bought 6 VWRA, fees totaled up to USD 0.72 for USD 900 worth of securities.

I have not filled out W8BEN and added bank account just yet.

when you top-up the account, any TT / administration / whatever fee imposed?

None. Can use paynow qr some more, syok man.

Have you tried withdrawing money back to your SG bank account? Any TT charges or it is done via say FAST?