Cash upfront is ok for investors. I did a calculation before when i was playing around with trading -> $10,000 region just makes it to $25 (the minimum trade) in terms of commission for the usual T+3 if you use the percentage. With the $18 trade, it makes sense to trade at least $7k of stocks instead of $10k now. If you get wat i mean.

hmmm.. sounds like a good thing if contra is not used.

Just for your information…DBSVickers is coming up with a $18 min trade instead of min $25..But the catch is that it is cash upfront…meaning you have to have the money to pay for the shares instead of the usual T+3 payment..

If you have a DBS Internet Account…notice a DBSV trading link on the left…

Thanks for the information…nope it doesnt allow credit card payments.. it seem =(

SGDividends

SGDividends’s last blog post..Financial Instituitions are Your Friends – Some ramblings about Structured Warrants

The Saxo account I opened in the past was really an exploration into Forex itself. Basically, to trade, you have to fund your account with at least $5,000. That was sometime back but I think it works the same for stocks as well. Settlements above $5,000, you would have to top up.

I really like their platform but it needs a bit of getting used to because of the complexity of it. And it is really geared towards traders. For me, i prefer to buy and hold for a slightly longer time frame than going in and out of the market every few days. Simply do not have the time (as well as the skills) to do so. I suspect it’s the same for you?

But if you are keen, go ahead and apply for a trial account and download their platform. No harm tinkering about right?

Did a little surfing for you too and found some FAQ that might be pertinent. Commission charges at 0.18%. I’m not too sure whether it is only one tier. If it is, it sure beats Singapore brokerages charges of 0.28% for at least a $50,000 trade.

http://www.saxomarkets.com.sg/Singapore/PaymentInstructions.aspx

Ok found out that they do allow Singapore Equities trading….

Can’t find any info on how we can pay for our trades through this platform…

Can we pay via credit card?

SGDividends

SGDividends’s last blog post..Financial Instituitions are Your Friends – Some ramblings about Structured Warrants

Was looking through Saxobank…dont think they allow one to trade in Singapore equities right?

Seems like its more on CFDs and forex…

Can confirm?

Thanks
SGDividends

SGDividends’s last blog post..Financial Instituitions are Your Friends – Some ramblings about Structured Warrants