If you’re looking for an online trading platform with access to most Asian markets, then I believe that Boom Securities is the best option for you. If you don’t mind trading over the phone and are looking for a Singapore-based broker with great market access, then I believe that either KGI Securities or Maybank will do the trick.
I like the ease of use offered by Boom trading platform. Is the round trip by design because they settle the proceeds in USD when you sell? Asking because I would not mind holding SGD as the cash currency in Boom (if possible).
From your experience with Boom, are their estimates of fx costs accurate? Cus I don’t mind placing my orders via phone, but I want cheap executions, and Phillips and Kim Eng seems cheaper to me taking into account commissions and fx spreads.
Great overview, much appreciated! I briefly looked into Asian brokers a while ago and my impression (which could be wrong) was that for most of them, to open an account (as a European) I'd have to fly over there in person. Do you maybe know what the signup process is like for these brokers, for an international investor?
I like the ease of use offered by Boom trading platform. Is the round trip by design because they settle the proceeds in USD when you sell? Asking because I would not mind holding SGD as the cash currency in Boom (if possible).
What about tax documents? Do they make it easy?
HI! Any particular reason to not include Tiger Brokers?
From your experience with Boom, are their estimates of fx costs accurate? Cus I don’t mind placing my orders via phone, but I want cheap executions, and Phillips and Kim Eng seems cheaper to me taking into account commissions and fx spreads.
Great overview, much appreciated! I briefly looked into Asian brokers a while ago and my impression (which could be wrong) was that for most of them, to open an account (as a European) I'd have to fly over there in person. Do you maybe know what the signup process is like for these brokers, for an international investor?
Interactive brokers removed their inactivity fee for accounts below $100k last week