If you are looking to try your hand at trading stocks, read on for a breakdown of three low-fee platforms to decide where you should start your trading journey.
have some investment in stocks or equities. This does not come as a surprise as Singaporeans are becoming more financially literate and choose to invest in stock markets to generate long-term wealth.
It is important to consider that trading stocks are a much riskier approach than investing in stocks. It is very difficult to predict how a company’s stock will move in the short term. However, you can make outsized returns with an informed and disciplined investing approach. Syfe Trading is very transparent with its fees. It charges zero platform fees, withdrawal fees and requires no minimum amount to start trading.
Syfe is especially beginner-friendly as it offers fractional share trading for US stocks. This means you do not have to buy a whole unit of stock if a stock is too expensive for you, but you still want exposure. For example, if you want to buy SPY, an S&P500 ETF, but do not have US$400 to spare every month to buy a whole unit of the ETF, you can buy just US$100 worth to get exposure to the market within your means.
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