Remisiers Are Singapore Low Income Earners Averaging $800 - $1000 Per Month

(24-07-2013, 09:58 AM)felixleong Wrote: yeah, gone are the days of a stock broker
we will be like US, more retail investors will use discount brokers

Hi FL,

What is discount broker ?
In Hong kong , all are dealers working for brokering house. No remisiers.

Thanks.

discount broker means no one is assigned to serve u
example e trade for US market
or standard chartered for sg market

(24-07-2013, 09:41 AM)mulyc Wrote: Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?

Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).

That's hefty savings!

My remiser charges me the same rate as online trading even if i call him to execute a trade.

(24-07-2013, 11:31 AM)felixleong Wrote: discount broker means no one is assigned to serve u
example e trade for US market
or standard chartered for sg market

Thanks FL.

(24-07-2013, 01:08 PM)Bibi Wrote:

(24-07-2013, 09:41 AM)mulyc Wrote: Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?

Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).

That's hefty savings!

My remiser charges me the same rate as online trading even if i call him to execute a trade.

My broker also charges same rate as online. Can even provide a long term good to sell price without having to ask everyday. Odd lot also same rate as online rate.

(24-07-2013, 08:47 PM)pianist Wrote:

(24-07-2013, 01:08 PM)Bibi Wrote:

(24-07-2013, 09:41 AM)mulyc Wrote: Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?

Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).

That's hefty savings!

My remiser charges me the same rate as online trading even if i call him to execute a trade.

My broker also charges same rate as online. Can even provide a long term good to sell price without having to ask everyday. Odd lot also same rate as online rate.

Wah you guys must be premium clients. I tried asking before but kenna rejected leh maybe cuz they don't earn much money off me.

(25-07-2013, 01:23 PM)mulyc Wrote:

(24-07-2013, 08:47 PM)pianist Wrote:

(24-07-2013, 01:08 PM)Bibi Wrote:

(24-07-2013, 09:41 AM)mulyc Wrote: Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?

Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).

That's hefty savings!

My remiser charges me the same rate as online trading even if i call him to execute a trade.

My broker also charges same rate as online. Can even provide a long term good to sell price without having to ask everyday. Odd lot also same rate as online rate.

Wah you guys must be premium clients. I tried asking before but kenna rejected leh maybe cuz they don't earn much money off me.

Huh?My broker also charge the same rate as online.I thought it is common? If u want to buy/sell large amt(more than 100k), the rates is even lower.