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Investing in Singapore (SG) stocks is a great way to tap into one of the most dynamic markets in Asia, and Tiger Brokers offers an efficient platform to do so. However, understanding the fees associated with trading SG stocks is crucial for effective cost management. This blog will explain the commission fee and platform fee structure for trading SG stocks on the Tiger Trade app, and how these charges impact your investment journey.
Tiger Brokers’ Fee Structure for SG Stocks
When trading SG stocks through Tiger Brokers, there are two primary fees to keep in mind: the commission fee and the platform fee. Both are calculated based on the trade value.
- Commission Fee
The commission fee is what Tiger Brokers charges to execute your trades. For SG stocks, the commission fee is structured as follows:
0.03% of the Trade Value
Minimum Fee: SGD 0.99 per order
How the Commission Fee Works:
Small trades: If your trade value is relatively low, you will be charged the minimum commission fee of SGD 0.99.
Larger trades: As your trade value increases, the commission fee becomes 0.03% of the trade value, scaling with the size of the transaction.
Example:
Example 1: Small Trade (SGD 500)
For a trade of SGD 500, the commission fee would be SGD 0.15 (0.03% of SGD 500). Since this is below the minimum fee, you will pay the minimum commission of SGD 0.99.
Example 2: Larger Trade (SGD 10,000)
For a trade of SGD 10,000, the commission fee would be SGD 3 (0.03% of SGD 10,000), which exceeds the minimum fee, so you would be charged SGD 3.
- Platform Fee
The platform fee is charged to maintain and support the infrastructure that powers your trading activities on the Tiger Trade app. For SG stocks, the platform fee is:
0.03% of the Trade Value
Minimum Fee: SGD 1 per order
How the Platform Fee Works:
Small trades: If your trade value is low, the minimum platform fee of SGD 1 will apply.
Larger trades: For higher trade values, the platform fee will be 0.03% of the trade value, just like the commission fee.
Example:
Example 1: Small Trade (SGD 500)
For a trade of SGD 500, the platform fee would be SGD 0.15 (0.03% of SGD 500). Since this is below the minimum fee, you will pay the SGD 1 platform fee.
Example 2: Larger Trade (SGD 10,000)
For a trade of SGD 10,000, the platform fee would be SGD 3 (0.03% of SGD 10,000), which exceeds the minimum fee, so you would be charged SGD 3.
Total Fees: Combining Commission and Platform Fees
When you place an order for SG stocks on Tiger Brokers, both the commission fee and the platform fee are applied. Let’s see how these fees work together.
Example: Trade of SGD 10,000
Commission Fee: SGD 3 (0.03% of SGD 10,000)
Platform Fee: SGD 3 (0.03% of SGD 10,000)
Total Fees: SGD 6 (SGD 3 + SGD 3)
Why Choose Tiger Brokers for SG Stock Trading?
Low Minimum Fees: With a minimum commission fee of just SGD 0.99 and a minimum platform fee of SGD 1, Tiger Brokers provides one of the most cost-effective trading platforms for SG stocks.
Transparent Pricing: You always know what you’re paying, as there are no hidden fees. The clear fee structure helps you make informed trading decisions.
Advanced Trading Tools: Tiger Brokers’ Tiger Trade app offers real-time market data, advanced analysis tools, and smooth execution, helping you stay ahead in the fast-paced world of SG stock investing.
Conclusion: Understanding Tiger Brokers’ Fees
For SG stock investors, understanding the commission and platform fees is key to managing costs. Both fees are set at 0.03% of the trade value, with minimum charges of SGD 0.99 for commission and SGD 1 for the platform fee.
These competitive Tiger Brokers’ fees, along with Tiger Brokers’ robust platform and advanced tools, make Tiger Trade an excellent choice for investors looking to access Singapore’s stock market efficiently and affordably.
