As a trader/investor myself, I understand the brokerage fee is part of the transactional consideration. Regardless of the trade size, the intended movement of the stock price must be able to cover the brokerage fee before any profits. Hence no matter how small the cost savings are, the lower the brokerage fee, the lower the breakeven point, the higher the chance of profits!
Yet, it is not possible to have zero trading fee as it will not benefit retail clients at all. With $0 brokerage fee, to save that S$25, a retail client may lose more in the end. To save time, I have written out in another post. The justifications are here in the blog post: 3 Reasons Why Zero Trading Fee Is Bad for Clients.
Zero is not possible, but I agree the lower fee the better it is. I have snipped out the schedule of brokerage fee for your reference. To compete with SCB, we have 0.18% fee too. Similar to SCB, it will be cash up front, which means to say you will have to fund the trading account before any purchase.
On 15th Aug, SGSAS will be launching a promotion for a week to welcome new clients. This will help to reduce your brokerage fee, helping you and your friends to increase your profitability!
Press Ctrl + D to bookmark SGSAS~! Stay tuned!
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