DMG & Partners

 

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 tradingHong Kong, Malaysia, Singapore, USA
Telephone tradingAs above
Dealing commissions and charges
Typical onlinemin ~S$20-30
Online detailsHong 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 telephonemin ~S$20-40
Telephone detailsHong 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 feesNone
Custody charges for stocksNon-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 chargesNot stated
Corporate action chargesNot stated
Currencies
Currency conversion chargesNot stated
Hold cash in foreign currenciesYes
Currencies allowedHKD, MYR, SGD, USD
Other details
Tax-advantaged accountsCPF, SRS
Other products and servicesCFDs
Minimum account sizeNone
Company locationSingapore
Further informationVisit the DMG & Partners website

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 Posted by at 10:59 pm