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 trading | Hong Kong, Singapore, USA |
| Telephone trading | As above |
Dealing commissions and charges
| Typical online | min ~S$18-40 |
| Online details | Hong Kong 0.2-0.3% (min HK$120), Singapore 0.18-0.25% (min S$18), USA 0.3-35% (min US$29) |
| Typical telephone | min ~S$28-50 |
| Telephone details | Hong 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 fees | None |
| Custody charges for stocks | Hong Kong 0.02% per month (max HK$600 every six months), USA 0.02% per month (max US$100 every six months) |
| Dividend charges | None |
| Corporate action charges | None |
Currencies
| Currency conversion charges | Not stated |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | HKD, SGD, USD |
Other details
| Tax-advantaged accounts | None |
| Other products and services | None |
| Minimum account size | None |
| Company location | Singapore |
| Further information | Go to the Citibank Singapore Brokerage website |