Best Brokerage / Trading Platform For Singapore Stock Market

In most cases you will find that they have a minimum fee of S$25 or commission charging between 0.25% - 0.28% for trades below S$50,000, around 0.20% - 0.22% between S$50,000 to S$100,000 and around 0.18% - 0.20% for above S$100,000. However there is one exception, Standard Chartered which only charge 0.20% for SGX and 0.25% for other markets and most important without any minimum charge.

There are also other trading platforms for oversea markets like Interactive Brokers, optionsXpress, TD Ameritrade and ETRADE. They may have cheaper rates but you probably would not be able to trade in SGX.

Personally I have accounts with DBS Vickers and Standard Chartered. So DBS Vickers is used for my CPF investment or CPFIS-OA while Standard Chartered for common stocks trading. Unless you are doing huge amount trading Saxo Capital Markets, I believe the no minimum for Standard Chartered is superbly advantageous.

Check out the breakdown below.

	Online	Online minimum	Telephone	Telephone minimum
AmFraser	0.275% 0.22% 0.18%	S$25	0.50% 0.40% 0.25%	S$40
CIMB iTrade	0.275% 0.22% 0.18%	S$25	0.50% 0.40-0.50% 0.25-0.50%	S$40
Citibank Brokerage	0.25% 0.20% 0.18%	S$18	0.28% 0.25% 0.20%	S$28
DBS Vickers	0.28% 0.22% 0.18%	S$25	0.375% 0.30% 0.225%	S$40
DMG & Partners	0.275% 0.22% 0.18%	S$25	0.50% 0.40% 0.25%	S$40
Kim Eng Securities	0.275% 0.22% 0.18%	S$25	0.50% 0.40% 0.25%	S$40
Lim & Tan Securities	0.28% 0.22% 0.18%	S$25	0.50% 0.40% 0.25%	S$40
OCBC Securities	0.275% 0.22% 0.18%	S$25	0.50% 0.40% 0.25%	S$40
Phillip Capital	0.28% 0.22% 0.18%	S$25	0.375% 0.30% 0.225%	S$40
Saxo Capital Markets	0.15%	S$25	n/a	n/a
Standard Chartered	0.20% Personal Banking 0.18% Priority Banking	None	n/a	n/a
UOB Kay Hian	0.275% 0.22% Neg.	S$25	0.50%	S$40
Note: Above fees do no include GST for Singapore resident.

On top of the commission fees you might want to check out if there are any other fees charge as some do have additional charges:

• Dividend charges
• Stocks holding fees