Better close if you don't intend to trade.
Dear Valued Client,
Asset security has always been our value to business operations.
Tiger Brokers (Singapore) uses multiple custodians to safekeep your securities. CDP sub-account will be created when you first placed a trade on the Singapore Market.
With effect from Q3 2022, Tiger Brokers (Singapore) will be implementing custodian fee charges for SGX trading activities.
Tiger Brokers (Singapore) shall be charging a quarterly fee of SGD 2 and prevailing GST (“Custody Fee”), for Prime Accounts. This will only be applicable for accounts with CDP Sub-account (traded SGX shares before) and have no SGX-related transaction during the quarter. This change will take effect in Q3 2022, and this Custody Fee shall be levied on the 4th business day of the following quarter (6 October 2022).
Please refer to the example below for your better understanding.
Background: Mr. Tan invested in SGX stocks on 1st July 2021 or earlier, a CDP sub-account was created then
Scenario 1 - With or without any holding position, Mr. Tan traded at least 1 SGX transaction/trade on Q3 (1 July 2022 to 30 September 2022). Custodian fees will be waived.
Scenario 2 - With or without any holding position, Mr. Tan did not conduct any SGX transaction on Q3 (1 July 2022 to 30 September 2022). SGD 2 + GST will be levied on the 4th trading day of Q4 2022.
* Customers who have not initiated orders on any SGX investment since account opening will not be charged a custody fee.
You may refer to our official website for more details: https://www.tigerbrokers.com.sg/commissions/fees/stocks_etf#singapore_stocks
At Tiger Brokers (Singapore), we promised to keep our fees transparent to all our users, and should you have any points you need clarification, please do not hesitate to contact our Customer Service at any time.
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