Online Equities Trading Platform – Comparison

For contract value up to S$50,000
Brokerage firm Min Fees Rates Additional Info
DBS Vickers S$25 0.28% Settlement to CDP
DBS Vickers (Cashup Acct) S$18 0.18% Settlement to CDP
Standard Chartered -0.20% Brokerage is the custodian
UOB Kay Hian S$25 0.275% Brokerage is the custodian
UOB Kay Hian (Edge/Plus Acct) S$18 0.18% Brokerage is the custodian
iOCBC S$25 0.275% Settlement to CDP
Maybank Kim Eng S$25 0.275% Settlement to CDP
i*Trade @ CIMB S$25 0.275% Settlement to CDP
Lim & Tan S$23.75 0.266% Settlement to CDP
Philips S$25 0.28% Settlement to CDP
Philips (Prepaid Cash Acct) S$25 0.18% Settlement to CDP
AmFraser S$25 0.275% Settlement to CDP
Additional Fees
(for all)
 CDP Clearing Fee: 0.04% (max: S$600)
SGX Trading Fee: 0.0075%
GST ((Brokerage + Trading Fees + Clearing Fees) x GST rate)

 

So how do one interpret the commission fees for the brokerage? Take DBS Vickers for example, do I pay S$25 or 0.28% of the trade? Well, just that that they (the brokerages) are businesses too so they will take the amount that is bigger in amount.

Component Buying $6,000 worth Buying $12,000 worth
Min Fee $25 $25
Rates (0.28%) $16.80 $33.60
Commission fees you will be paying $25 $33.60

Disclaimer

The content on this post is for informational purposes only. It does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice. This is an independently-owned site and all opinions expressed are my own.

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