A quick comparison table
When picking a brokerage, your key considerations are essentially [1] account type and [2] fees.
Account Type
If you’re buying Singapore-listed shares, then consider whether to use a Central Depository (CDP) Account or a Custodian Account. CDP is a subsidiary of SGX. The key differences are TABUL8TED below:
If you’re buying US-listed shares, then all applicable accounts are custodian accounts. The decision is then choosing between a Singapore-based brokerage (e.g. DBS, OCBC, UOB and many others) or a US-based brokerage (e.g. TD Ameritrade or Interactive Brokers).
Fees
The next consideration would then be which brokerages offers the most attractive fee packages. The commission rates and minimum fees charged are TABUL8TED below.
Singapore Shares (Based on contract amount under S$50,000)
US Shares (Based on contract amount under $50,000)
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***Disclaimer: This post is for informational purposes only and does not constitute a recommendation to purchase any financial product. Please DYOR (do your own research) or consult a financial advisor before taking any action.
