| Latest Forum Topics / Straits Trading Last:1.63 -- |
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Quality Gem
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Godwinlow
Elite |
04-Jul-2021 13:06
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I mean any company can have events of bankruptcy. Tiger broker also listed in US. So I mean of course there' s risk in anything. For me I rather go on tiger broker cause I buy and sell shares. I have been support DBS and OCBC thousands in commission fees. I would rather save that money using tiger broker. That' s why
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PhillipTan
Supreme |
04-Jul-2021 12:46
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DBS Vickers also do CDP trades and there are no quarterly charges for CDP trades because they don' t hold it for you The cheapest CDP trading fees that I managed to find is those Cash Upfront accounts (I chose Vickers) and FSMOne (strictly only for CDP sales) Cash Upfront CDP purchase of $10k shares and $100k shares charges are $17.12 and $171.20 FSMOne CDP sales of $10k shares and $100k shares charges are $14.07 and $52.60 Fees are not really a lot if you are not doing big time purchase and sales of shares, but in the long run, yes still a lot more expensive especially if you do a lot of buying and selling Tiger broker or other approved custodian trading houses/brokers are all MAS regulated But the future is always unknown If Lehman brothers incident can cause almost 500 banks to go bankrupt, who knows there won' t be any other such incidents in the future that will bring those custodian brokers/trading houses to bankruptcy too That is why I rather keep those shares in my own name lol  
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tth1311
Member |
04-Jul-2021 12:08
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if buys huge qty for long term feeling risky then use a broker that store the shares in CDP, use other to save on comm
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Godwinlow
Elite |
04-Jul-2021 11:35
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Tiger broker have been for 7 years already. And is regulated by MAS. Like DBS vickers you buy foreign shares, is also held by DBS vickers custody. Somemore DBS vickers every quarter charge you a fee for holding your shares. Also same what the custody,   but tiger broker don' t charge custody fee like DBS. The difference is only Sg shares can be held in cdp. Other than that is the same. Is just tiger broker held your shares for custody for Sg stocks also
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investshare
Supreme |
04-Jul-2021 11:31
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Thanks.
But is there risk if the shares not held in CDP? If the company bankrupt etc?
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Godwinlow
Elite |
04-Jul-2021 11:24
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If want sign up just use Singpass to create account within 30 minutes they will approve your account. But just my referral link below ah. If u first time deposit $2001, you and I get free one Starbucks shares
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Godwinlow
Elite |
04-Jul-2021 11:22
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You now have a claim to a free share of Starbucks. Sign up and join Tiger Brokers using my link: https://www.tigerbrokers.com.sg/activity/forapp/invitflow-intl/signup.html?template=invite202011& lang=en_US& invite=WG23NX | ||||
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Godwinlow
Elite |
04-Jul-2021 11:16
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Custody is mainly the company hold the shares. While cdp the shares is under your name. I use tiger broker very good if like big 100k worth of shares. At most a few ten dollars. If use Sg banks, wow they charge me a few hundreds. Not worth it at all. Somemore tiger broker when sell shares. Don' t need T+3 days to wait for the cash come in. Straight away sell the shares. The cash immediately inside tiger broker and can buy another stocks. Super good
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Godwinlow
Elite |
04-Jul-2021 11:13
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Ya the commission so cheap like a few dollars even buying of big sums like afew 10k. That' s why I choose tiger broker. Sg bank charges too much commission already. Buy a few 10k shares charge me afew hundred, just from buying. If sell shares another charges. No worth it at all
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investshare
Supreme |
04-Jul-2021 10:22
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What is the benefit to put share under custody?
Mine also in CDP.
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PhillipTan
Supreme |
04-Jul-2021 03:05
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Heard that Tigers currently has the lowest commission rates plus new accounts trades are zero commission for a limited time Maybe that' s why people choose them I' m doing CDP trades btw
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investshare
Supreme |
03-Jul-2021 23:56
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What is the benefit to use Tiger?
I use CIMB.
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PhillipTan
Supreme |
03-Jul-2021 15:12
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Custodian maybe more difficult to confirm that the shares are yours, because all shares are held in their name Maybe that' s why it needs a longer time to verify?
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Godwinlow
Elite |
02-Jul-2021 21:58
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Wa your confirm already, mine haven' t le. Maybe mine is tiger broker that' s why longer. 
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PhillipTan
Supreme |
02-Jul-2021 20:22
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Finally emailed to to inform that they accepted my application - almost one month later These guys are so efficient, no wonder need such a long training phase Hahaha
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Godwinlow
Elite |
02-Jul-2021 12:55
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Hope Warren Buffett wisdom is right. Hahaha | ||||
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Godwinlow
Elite |
02-Jul-2021 12:54
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Time is the friend of the wonderful company, the enemy of the mediocre. Quote by Warren Buffett | ||||
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Godwinlow
Elite |
02-Jul-2021 12:49
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Most people get interested in stocks when everyone is. The time to get interested is when no one else is. You cant buy what is popular and do well. Quote by Warren Buffett.  | ||||
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Godwinlow
Elite |
02-Jul-2021 12:40
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Wow from morning to lunch break only 3.1k shares, worth 8.8k sgd traded. wow no one cares about straits trading. Haha | ||||
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investshare
Supreme |
30-Jun-2021 15:04
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Hmm I made the right decision.
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