Share trading accounts comparison
Investments denominated in a currency other than your base currency may be affected by changes in currency exchange rates. Execution-Only is not for everyone. You should ensure that you fully understand any investment and the associated risks before making a decision to invest.
Alternatively, Davy can arrange for you to open a different type of account, where we can advise you in relation to investment decisions, or where we can manage investments on your behalf. This website does not constitute investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any particular person or persons.
Prospective investors are advised to make their own assessment of the information contained herein and obtain professional advice suitable to their own individual circumstances. Details about the extent of our authorisation and regulation by the Financial Conduct Authority are available from us on request. Telephone charges may apply. Plus maximum wholesale book access charge per trade up to. Minimum Fee per trade for each instrument listed outside Ireland and UK 0.
Trading 01 Customer Service 01 Have a member of our team call you back. Error Sending Unable to process the request. In contrast, stocks in a custodian account belong under the name of the brokerage firm. We compiled a table of the popular brokerage firms in Singapore and their fees. All the trading fees comparison are based on online or mobile trades carried out in Singapore market using the below 3 types of trading methods:.
Base on the above comparison, we can see that the rates are rather close to each other for CDP accounts. Holding your stocks in a custodian account is cheaper as compared to holding them in the CDP, but one will risk losing all his stocks should he trade with a custodian account that ends up going bankrupt.
Lastly, for those looking for cash upfront service. Cash up front requires an investor to deposit cash upfront into an account with the brokerage firms before he is able to buy stocks. The reason that it is generally cheaper is due to the risk of a customer not paying for the shares he bought being zero. The main difference, however, is that for DBS cash upfront investments you own the shares while for other banks, the bank is the custodian for your shares.
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