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 trading | Australia, 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 trading | n/a |
Dealing commissions and charges
| Typical online | min ~S$25-100 |
| Online details | Australia 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 telephone | n/a |
| Telephone details | n/a |
Other fees and charges
| Account fees and inactivity fees | Account maintenance fee: US$2.5 per month, if no trades in that month |
| Custody charges for stocks | Non-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 charges | 1% (min S$3, max S$100), plus intermediary charges of Australia A$5, Japan 0.5% (min ¥200), others US$5 |
| Corporate action charges | S$10 |
Currencies
| Currency conversion charges | Not stated |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | MYR, SGD, USD |
Other details
| Tax-advantaged accounts | Not stated |
| Other products and services | CFDs |
| Minimum account size | None (S$5,000 non-tradable deposit for non-residents) |
| Company location | Singapore |
| Further information | Go to the Lim & Tan website |