Singaporeans are relatively familiar with stock markets. According to a poll by Milieu Insight, 52 per cent of Singaporeans aged 16 and above have some investment in stocks or equities. This does not come as a surprise as Singaporeans are becoming more financially literate and choose to invest in stock markets in order to generate long-term wealth.
If you are looking to try your hand at trading stocks, read on for a breakdown of three low-fee platforms to decide where you should start your trading journey. Syfe is currently running a promotion where traders are entitled to unlimited free trades for US stocks and ETFs for the first three months. Subsequently, traders will get two free trades a month, after which trades are a flat fee of US$1.49 per trade.
The major downside to Syfe trading is that it provides access to limited markets. You are not able to trade in the Hong Kong market or European markets through Syfe. This is a problem for those who are looking to diversify their portfolio through buying stocks from different international markets.