There are a number of new additions and updates to the international stock broker directory. One interesting one is Standard Chartered Bank Securities Trading, which moved into the Singapore brokerage market a few months ago with an unusual product.
It offers online trading in Singapore stocks for 0.2% per trade (0.18% for those with a larger banking relationship) and 0.25% per trade (0.2% for favoured customers) for Australia, France, Germany, Hong Kong, Japan (including both the Tokyo and Osaka stock exchanges), the Netherlands, Switzerland, the UK and the USA. This has no minimum commission, which is rare in the brokerage business and attractive to customers trading smaller amounts.
There are also apparently no account and no inactivity fees, custodian fees, no dividend collection fees, no corporate action charges, making it a commendably clean fee structure. There is one catch though; currency conversions done through Standard Chartered are considerably worse than many Singapore brokers, with users reporting a margin of 2% over the interbank rate. However, you can hold and fund foreign currency accounts with the bank, so you shouldn’t need to pay this every trade, if you’re careful.