Lim & Tan

 

This smaller Singapore broker offers a wide range of Asian markets for online trading. However, the service is provided by a foreign intermediary – probably Boom Securities in Hong Kong. Hence investors might as well save the extra fees and go directly to Boom.

Markets available
Online tradingAustralia, China B, Hong Kong, Indonesia, Japan - Nagoya, Japan - Osaka, Japan - Tokyo, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, USA (Most foreign markets traded through unspecified intermediary (possibly Boom Securities in Hong Kong)
Telephone tradingn/a
Dealing commissions and charges
Typical onlinemin ~S$25-100
Online detailsAustralia 0.8% (min S$70) plus A$25, China B 0.95% (min Shanghai S$80, Shenzhen S$75) plus US$35, Hong Kong 0.35% (min S$30), Indonesia 0.75% (min S$80) plus IDR200,000, Japan 0.8% (min S$70), Korea 1% (min S$90) plus KRW40,000, Malaysia 0.5% (min RM60), Philippines 1% (min S$80) plus PHP2,000, Singapore up to 0.28% min (S$25), Taiwan 0.8% (min S$100) plus NT$2,300, Thailand 0.7% (min S$90) plus THB1,000, USA 0.3% (min US$20)
Typical telephonen/a
Telephone detailsn/a
Other fees and charges
Account fees and inactivity feesAccount maintenance fee: US$2.5 per month, if no trades in that month
Custody charges for stocksNon-Singapore shares: custody charge of S$2 per holding per month, if fewer than two trades in month or six trades in quarter (max S$150 per quarter)
Dividend charges1% (min S$3, max S$100), plus intermediary charges of Australia A$5, Japan 0.5% (min ¥200), others US$5
Corporate action chargesS$10
Currencies
Currency conversion chargesNot stated
Hold cash in foreign currenciesYes
Currencies allowedMYR, SGD, USD
Other details
Tax-advantaged accountsNot stated
Other products and servicesCFDs
Minimum account sizeNone (S$5,000 non-tradable deposit for non-residents)
Company locationSingapore
Further informationVisit the Lim & Tan website

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 Posted by at 1:48 pm