1. Go open Cimb Malaysia account if you don't have one.
2. Go open fintech like sunway money, transferwise, bigpay.
3. Go open Cimb SG account once you have Cimb Malaysia account.
- select cimb fastsaver
- Use Cimb Malaysia to send SGD 1.00 to Cimb SG as eKYC
- use fintech mentioned above to transfer SGD 1000 into your Cimb SG account for activation of your Cimb SG account.
- wait patiently for them to send all the documents. Might need a month for the mail to arrived.
4. Open your preferred sg brokerage. Lots to choose from. Tiger, Moomoo, FSM SG or alternative open Interactive Broker. I recommend FSM for SG stocks although Tiger, Moomoo and Interactive broker are cheaper than FSM SG. Reason is reits will always ask you for money somewhere down the road via rights. And FSM system is the best way for you to cough up the money. I have not tried Tiger and Moomoo for sg reits.
Tiger and Moomoo have welcome bonuses which is nice. Moomoo require valid passport but tiger just required our IC.
Interactive broker account is the cheapest and offer the best exchange rate among the rest as it is spot rate (no markup, real time market rates) and it have access to multiple country cheaply.
5. That's it.

Whatever you do, do not use Malaysian brokerage to buy sg stock.

This post has been edited by Ramjade: Sep 27 2021, 12:06 AM

Four reasons
1. lose a lot in exchange.
- markup Forex rate
- TT charges
- the above can take out 2-3% of your money.
- so before you even start getting paid already lose 2-3%.

2. Very expensive commission
- some charge like sgd25-100/transaction Vs SGD1.99-8.88 by using sg brokerage. That's just commission.
- you have lnt include in corporate actions aka rights.

3. There might be platform fees.
-brokerage will change quarterly platform fees per quarter. Not sure how much already.

4. Dividend fees
- for each dividend you received, broekage will take some cut.

The above four makes using Malaysian brokergare to buy sg stock stupid.

Of course if you like to give banks and brokerage free money, be my guest. I don't like giving banks and brokerage free money.

This post has been edited by Ramjade: Sep 27 2021, 12:00 PM

Of course still valid. Cimb sg is superior to Maybank sg as no lock up fees. Downside now is your need to use cimb MY to send SGD1k to Cimb Sg as part of eKYC. One time of paying expensive markup exchange rate. Maybank sg require you lock up SGD500 for life.My cimb account only have SGD0.10 inside.

Moomoo sg won't let you open. You are limited to tiger, FSM, webull. If you are buying reits, I will suggest FSM. But you look at reits. Majority of the sg reits cut their dividend last year and this year. Don't look like good investment for me.

This post has been edited by Ramjade: Mar 30 2024, 12:57 PM

You judge and see. If something giving you 4% now and never increase return over 20 years or at best only 5% after 20 years, is it good investment? I will say no.

Not to mention reits pay out 90% of their earnings which means down the road they will ask you to become their ATM. I want my companies to be my ATM Vs me becoming the ATM.

Interactive broker, FSM sg. Have your pick.

There is.no loss of currency as you are able to fund interactive broker via local sg bank transfer in SGD.

Same like FSM. Both accept FAST transfer (SG version of duit now) from local sg banks. You are using FAST transfer to send SGD into interactive broker and FSM SG.

Interactive broker is cheaper than FSM by miles even for sg stocks. Around sgd2+ Vs SGD8+

Partially right.
Cimb My-> money match -> CIMB sg -> FAST transfer SGD -> interactive broker.