Post by Fletchsmile on Mar 22, 2017 11:16:38 GMT 7
Thailand
= KGI Thailand. Been very happy with their online platform and service. They're also the largest TFEX/ futures and options broker by volume in Thailand. Only use for Thailand tho and I don't think they offer overseas anyway.
UK
= Hargreaves Lansdown, UK. It links to my unit trusts and I've been a client for 20 years+. Decent platform. Very good service. Very convenient, and can also manage/ link to my brother, sister-in law and mum's unit trust portfolios. Mainly suitable for UK investments. They sting you on FX charges if you do any other currency and don't let you have foreign currency bank accounts.
Singapore and the rest
= Standard Chartered bank Singapore
As a broker/ trading platform in isolation I wouldn't particularly recommend them. It's the worst of the 3. Their trading system is crude and basic and has a few annoying features such as kicking you out after 15 mins inactivity. That's definitely banking not trading. For trading you just want to monitor a screen not have to keep pressing buttons so it doesn't go off.
The reasons I use them though are more part of an overall banking package relationship:
1. It's linked to my bank accounts, so convenience. I can move money around instantaneously between all my different accounts, and even remit to Thailand all online by moving to another account instantaneously first
2. Fee charges are reasonable on small to medium size trades. For normal clients it's 0.2% of the trade + SGD 10 minimum. As a priority banking client though this is reduced to 0.18% with no minimum fee
3. For buy and hold investing it is functional and OK. I wouldn't want to do anything time dependent such as day trading, but where it's not so time sensitive and you're holding long term it's fine
4. With Stan Chart they will give me a credit line and allow me to borrow against most of my assets in Singapore. That includes shares (but not ETFs). It's a useful facility to have in the background and at a different rate
5. Allows me to trade a dozen or so international markets, and I do AUD, SGD, GBP, USD, EUR and hold multi currency accounts
Cheers
Fletch
= KGI Thailand. Been very happy with their online platform and service. They're also the largest TFEX/ futures and options broker by volume in Thailand. Only use for Thailand tho and I don't think they offer overseas anyway.
UK
= Hargreaves Lansdown, UK. It links to my unit trusts and I've been a client for 20 years+. Decent platform. Very good service. Very convenient, and can also manage/ link to my brother, sister-in law and mum's unit trust portfolios. Mainly suitable for UK investments. They sting you on FX charges if you do any other currency and don't let you have foreign currency bank accounts.
Singapore and the rest
= Standard Chartered bank Singapore
As a broker/ trading platform in isolation I wouldn't particularly recommend them. It's the worst of the 3. Their trading system is crude and basic and has a few annoying features such as kicking you out after 15 mins inactivity. That's definitely banking not trading. For trading you just want to monitor a screen not have to keep pressing buttons so it doesn't go off.
The reasons I use them though are more part of an overall banking package relationship:
1. It's linked to my bank accounts, so convenience. I can move money around instantaneously between all my different accounts, and even remit to Thailand all online by moving to another account instantaneously first
2. Fee charges are reasonable on small to medium size trades. For normal clients it's 0.2% of the trade + SGD 10 minimum. As a priority banking client though this is reduced to 0.18% with no minimum fee
3. For buy and hold investing it is functional and OK. I wouldn't want to do anything time dependent such as day trading, but where it's not so time sensitive and you're holding long term it's fine
4. With Stan Chart they will give me a credit line and allow me to borrow against most of my assets in Singapore. That includes shares (but not ETFs). It's a useful facility to have in the background and at a different rate
5. Allows me to trade a dozen or so international markets, and I do AUD, SGD, GBP, USD, EUR and hold multi currency accounts
Cheers
Fletch
