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Is it safe to put your money in low cost brokers?
When FTX 2nd largest crypto exchanger cease withdrawal and now Blackstone $Blackstone (BX.US)$ limit withdrawal for their property fund, many ask
Is it safe to put your money in low cost brokers like Tiger, Moomoo and Webull?
Why some brokers charge higher fee like DBS mTrade and Poem - more expensive means safer?
Kelvin youTuber answers the above questions in this video (click link):
Are Singapore Low Cost Brokers Safe To Use?
Is it safe to put your money in low cost brokers like Tiger, Moomoo and Webull?
Why some brokers charge higher fee like DBS mTrade and Poem - more expensive means safer?
Kelvin youTuber answers the above questions in this video (click link):
Are Singapore Low Cost Brokers Safe To Use?
From YouTube
In short, when a broker is regulated by MAS (not sure if the same in other countries), your investment assets are protected in 2 ways:
1. Segregated account
2. SIPC insurance (up to SGD 500k for asset and SGD 250k for cash)
I have consolidated some links for you to cross check:
1. Segregated account
2. SIPC insurance (up to SGD 500k for asset and SGD 250k for cash)
I have consolidated some links for you to cross check:
Low-discount broker
https://www.bankrate.com/investing/what-is-a-discount-broker/
CDP-linked vs Custodial accounts
https://blog.moneysmart.sg/invest/investment-brokerage-singapore-guide/
SIPC
https://www.sipc.org/for-investors/what-sipc-protects
$Tesla (TSLA.US)$ $Apple (AAPL.US)$ $DBS (D05.SG)$
https://www.bankrate.com/investing/what-is-a-discount-broker/
CDP-linked vs Custodial accounts
https://blog.moneysmart.sg/invest/investment-brokerage-singapore-guide/
SIPC
https://www.sipc.org/for-investors/what-sipc-protects
$Tesla (TSLA.US)$ $Apple (AAPL.US)$ $DBS (D05.SG)$
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ZnWC
Positive sum 🥂 Balanced view ⚖️ Trader
I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.
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Leopar :
Leopar : Can you take me
ZnWC OP Leopar : You want to learn option trading?
Leopar ZnWC OP : I'd like to know more but I currently have some investments
ZnWC OP Leopar : I can't explain in Chinese. You should learn from one who can communicate well in Chinese.
Leopar : English communication. Haha, I know three languages.
ZnWC OP Leopar : If you don't mind I can invite you to a chat group here. @doctorpot1who is the admin, is a very knowledgeable mentor, you can learn from us.
股神-老道士 Leopar : Can't you speak Chinese
Leopar 股神-老道士 : Yes, it's OK.