Posted by jc_ooi > 2012-07-11 16:22 | Report Abuse

Halo...anyone trade in SGX before? As malaysian, what is the most cost effective and convenience way to trade SGX? Any local broker supports SGX share trading? Please advise.

I found it is more attractive to trade in SGX rather than Bursa Malaysia. Singapore is politically more stable and you know Malaysia election is around the corner and most of the time our market is easily "manipulated", really dare not to trade in Malaysia now.

Posted by Namoyaki Takarajima > 2012-07-11 16:27 | Report Abuse

Hi there jc-ooi,
You want to trade and migrated to SGX because of the Country Performance or Companies Performance?

Posted by sre292 > 2012-07-11 16:34 | Report Abuse

Don’t blame the floor, when u don’t know how 2 dance, Just kidding, mate. Give a penny thought to it though, Happy trading & Cheers.

Posted by assthrow > 2012-07-11 16:38 | Report Abuse

I can open trading account and CDP account for you to trade in SGX.....

Posted by Namoyaki Takarajima > 2012-07-11 16:40 | Report Abuse

sre292, i like your stand! So, Bro JC-ooi, as we refer to sre292 based on her dance analogy: Migrating to SGX: "So you think you can dance?" (Put anger aside Bro, we are brothers).

Posted by jc_ooi > 2012-07-11 16:42 | Report Abuse

Hi, do you mind to share more about which broker you use and what is the brokerage fee?

Posted by jc_ooi > 2012-07-11 16:48 | Report Abuse

By the way, just to share with you guys my watchlist on SGX stocks. Feel free to give your thought....

http://sgx.i3investor.com/servlets/pfs/980.jsp

Posted by jc_ooi > 2012-07-11 16:58 | Report Abuse

Hi Bro Namoyaki Takarajima, i believe SGX is a more friendly stock trading environment for a retail trader like us. If i am not mistaken, they have a lot more retail trader in population percentage compared to malaysia.

If anyone have information, can share the retail trader statistic in Singapore?

Posted by Namoyaki Takarajima > 2012-07-11 17:04 | Report Abuse

Bro, 1st subject: about the trading account. If you have a trading account (CDS)/online trading account with any Malaysian local bank, you are able to trade not only SGX, but DJ, FTSE and others. Certain T&C applied. Pls consult your bankers.

Posted by jc_ooi > 2012-07-12 13:38 | Report Abuse

Hi, i just enquired from HLeBroking. Their rate to trade Singapore stock as follow. I also did some search on OCBC Securities and Standard Charted Bank Singapore. I find SCB really worth for a try .


A) HLeBroking
===========
Brokerage
----------
<SGD40K 0.35%
>SGD40K 0.25%
Minimum SGD30


Foreign Broker Fee
-------------------
SGX access fee: 0.0075%
Clearing Fees: 0.04%


M'sia Contract Stamp
---------------------
0.1%, Max RM200

* Based on my calculation, if i buy Singapore share with HLeBroking that worth SGD10,000. I need to pay SGD44.75 for the transaction.


B) OCBC Securities
================
Brokerage
--------------------
<SGD100K 0.275%
>SGD100K 0.2%
Minimum SGD25


Foreign Broker Fee
-------------------
SGX access fee: 0.0075%
Clearing Fees: 0.04%

*However, if i open an account with Singapore Broker (says OCBC Securities), my cost for SGD10,000 share is SGD29.75 where i save abt SGD15.


C) Standard Charted Bank Singapore (SCB)
======================================

Fee
----
0.2%, no minimum

I also found where Standard Charted Bank Singapore offers 0.2% and no minimum fee. For this, based on my calculation my cost for SGD10,000 share is SGD20.00. If i only trade less than SGD10,000, my cost will be lower because of no minimum fee. I think this suitable for those like to use dollar cost averaging method with petty amount.

The draw back is SCB is not a broker where the share that we bought will not be under individual CDP (Central Depository) acc, all share are traded and kept under SCB's nominee acc.

I think i will give is a try on SCB first.