A joint venture between Deutsche Bank and Malaysian financial services group OSK, DMG & Partners offers online trading in Singapore and three overseas markets: Malaysia, Hong Kong and the USA. Rates for these markets are competitive with most of the other Singapore stock brokers, but many of those other brokers offer a wider range of other markets as well, giving you greater flexibility.
Applications from non-residents are apparently accepted, but for international investors a provider such as OCBC Securities or Phillip Securities is probably a more useful choice in Singapore.
Markets available
| Online trading | Hong Kong, Malaysia, Singapore, USA |
| Telephone trading | As above |
Dealing commissions and charges
| Typical online | min ~S$20-30 |
| Online details | Hong Kong 0.4% (min HK$125), Malaysia 0.5% (min MYR75), Singapore 0.15-0.275% (min S$25), USA 0.35% (min US$25) |
| Typical telephone | min ~S$20-40 |
| Telephone details | Hong Kong 0.35-0.45% (min HK$125), Malaysia 0.4-0.6% (min MYR75) Singapore 0.25-0.5% (min S$40), USA 0.45% (min US$30) |
Other fees and charges
| Account fees and inactivity fees | None |
| Custody charges for stocks | Non-Singapore shares custody charges: S$2 per holding per month, if fewer than two trades in month or six trades in quarter (max $200 per quarter) |
| Dividend charges | Not stated |
| Corporate action charges | Not stated |
Currencies
| Currency conversion charges | Not stated |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | HKD, MYR, SGD, USD |
Other details
| Tax-advantaged accounts | CPF, SRS |
| Other products and services | CFDs |
| Minimum account size | None |
| Company location | Singapore |
| Further information | Go to the DMG & Partners website |