Online Equities Trading Platform – Comparison
| 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 |
