Well, it's not a post about my latest purchase or sale in the stock market (although there is a likely big purchase coming soon...but more on that next time). I thought I would share an offer Citibank Brokerage is offering since I thought it is a rather good deal.
Citibank Brokerage has slashed their minimum rates to SGD18 for internet rates. Phone rates (yes, you can call the phone trading officers to place a trade order if you do not have access to a computer) are at SGD28 minimum per contract.
The commission rates per contract (internet rates) are at 0.25% for contracts below SGD50,000, 0.20% for SGD50,000 to SGD100,000 and 0.18% for contracts above SGD100,000. In case you are thinking, the SGD18 will cover you till you trade above a SGD7,200 contract which is when the commission rate will rise above SGD18.
Besides offering the SG Market, you can also apply for the US Market in one simple application form. To find out more, you can visit http://www.citibank.com.sg/gcb/investments/citi_brokerage.htm
For those interested, you can let me know and I will pass you the necessary forms for application. I do not get any commission, if that is what you are wondering.
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