24 Jun '17, 4am

iFAST launches stock-brokerage services: Is it the best?: iFast has finally launched the highly-anticipated stock…

iFAST launches stock-brokerage services: Is it the best?: iFast has finally launched the highly-anticipated stock…

iFast has finally launched the highly-anticipated stock brokerage services today. It has What are the fees? The rate of 0.12% is attractive, and best in town. With a minimum of SGD 10, iFast offers similar rates compared to the pre-funded accounts available in the market. Examples are DBS Vickers Cash Upfron t, Maybank KE Trade Prefunded Account and the famed Standard Chartered Online Equities Trading Account . Lower Minimum fees are available in the market with a few caveats: Promotions such as DBS Vickers SGD5 Trade Rebate Stand Chart Priority Banking Status: No Minimum fee iFast works on a custodian basis Most of these “Pre-funded” accounts manage your stocks via a custodian basis. This means that the stocks purchased will not go into your CDP account, and hence not be under your name. To me, it doesn’t matter much. Some reasons to dislike custodian will be default risk...

Full article: http://thefinance.sg/2017/06/24/ifast-launches-stock-brok...

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