Citibank Singapore Brokerage

 

The Singapore division of this multinational bank offers online trading for Singapore, the USA and now Hong Kong. The S$18 minimum commission for Singapore trades was previously the lowest available, but has now been beaten by Standard Chartered’s offer of no minimum commission. Rates for the USA are high given that it’s Citibank’s home market.

Applications from non-residents will apparently not be accepted, but the service would be unlikely to interest many international investors in any case.

Markets available
Online tradingHong Kong, Singapore, USA
Telephone tradingAs above
Dealing commissions and charges
Typical onlinemin ~S$18-40
Online detailsHong Kong 0.2-0.3% (min HK$120), Singapore 0.18-0.25% (min S$18), USA 0.3-35% (min US$29)
Typical telephonemin ~S$28-50
Telephone detailsHong Kong 0.3-0.4% (min HK$180), Singapore 0.2-0.28% (min S$28), USA 0.35-0.4% (min US$39)
Other fees and charges
Account fees and inactivity feesNone
Custody charges for stocksHong Kong 0.02% per month (max HK$600 every six months), USA 0.02% per month (max US$100 every six months)
Dividend chargesNone
Corporate action chargesNone
Currencies
Currency conversion chargesNot stated
Hold cash in foreign currenciesYes
Currencies allowedHKD, SGD, USD
Other details
Tax-advantaged accountsNone
Other products and servicesNone
Minimum account sizeNone
Company locationSingapore
Further informationVisit the Citibank Singapore Brokerage website

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 Posted by at 10:38 pm