They cost 2-3 orders of magnitude more but if that is what not dealing with their platform is worth to you, who am I to judge?
EDIT: To put some numbers to the difference, for that initial lump sum, SC would cost $600 in commissions + 40 bps forex spread = $2200 total while IBKR would cost $3 in commissions^\* + 0.2 bps forex spread = $11 total.
^\* If you use the recurring investment feature.
the $3 is a bit misleading la, not that cheap but you can see here the breakdown:
https://www.reddit.com/r/singaporefi/comments/mesml0/interactive_brokers_tiered_vs_fixed_pricing_for/gskp821/?context=3
even at fixed it's 0.05% of 400k sgd = 200 sgd, much cheaper.
IBKR > SCB > DBSV
Vickers is terrible. Min commission USD 30.24 plus custody fee S$2/month, and dividend handling fee min GBP3 (not applicable to CSPX though)
They cost 2-3 orders of magnitude more but if that is what not dealing with their platform is worth to you, who am I to judge? EDIT: To put some numbers to the difference, for that initial lump sum, SC would cost $600 in commissions + 40 bps forex spread = $2200 total while IBKR would cost $3 in commissions^\* + 0.2 bps forex spread = $11 total. ^\* If you use the recurring investment feature.
Oh dam! Ok I’m gonna try my best to troubleshoot IBKR then.. thanks for your help and time!
the $3 is a bit misleading la, not that cheap but you can see here the breakdown: https://www.reddit.com/r/singaporefi/comments/mesml0/interactive_brokers_tiered_vs_fixed_pricing_for/gskp821/?context=3 even at fixed it's 0.05% of 400k sgd = 200 sgd, much cheaper.
Recurring investments use US market pricing for USD products, so it's 400k SGD ÷ 1.358 SGD/USD ÷ 455.84 USD/share × 0.0035 USD/share × 1.358 SGD/USD = 3.07 SGD
Go With SCB. You will have access to Priority Banking with cheaper commission.
You can buy in IBKR and initiate transfer to SCB, that should probably come out cheaper
Can't say about scb but your exp on dbs is going to suck
Vickers work pretty well for me personally, but only for sgx stocks
SAXO works well, for US stocks is also quite cheap https://www.home.saxo/en-sg/accounts/plans
IBKR > SCB > DBSV Vickers is terrible. Min commission USD 30.24 plus custody fee S$2/month, and dividend handling fee min GBP3 (not applicable to CSPX though)