Eng Thiam Choon of Tiger Brokers said online brokerages offer lower fees because their running costs are generally lower.Chris Brankin of TD Ameritrade Singapore, said trades on its platform are now smaller and more frequent. Volumes are also up.
Chan San-San of Citibank Singapore said close to 95 per cent of its trading volumes are done through its digital platform.NEW-TO-MARKET online brokerages tout lower or even zero commissions for trading on their platforms, but investors should be aware of risks for those not authorised or licensed by the authorities to operate in Singapore.
Source: News Formal (newsformal.com)
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