Brokers Invest

7 Ways You Can Buy Alibaba Shares In Singapore

How to buy Alibaba shares in Singapore

Last updated on June 16th, 2021

This article contains affiliate links. You can read more about these links in my Editorial Guidelines.

Alibaba is one of the largest Chinese tech companies.

If you want to own a stock of Alibaba from Singapore, there are 2 different stocks you can buy: BABA (NYSE) and 9988 (HKEX).

To buy either of these stocks, you’ll need to find a broker that gives you access to the US and Hong Kong markets.

Here’s what you need to know.

Disclaimer: This article is meant for information purposes only, and it is not intended to provide you with financial advice. You should always do your own research first, before making an investment decision!

How to buy Alibaba shares in Singapore

Here are the 7 ways you can buy Alibaba shares as a Singaporean investor:

  1. Tiger Brokers
  2. moomoo (powered by FUTU SG)
  3. Saxo
  4. Interactive Brokers
  5. Standard Chartered Online Trading
  6. FSMOne
  7. POEMS

This is a summary of each broker,

PlatformTrading
Fee (BABA)
Trading
Fee (9988)
Tiger Brokers1.99 USD15 HKD
moomoo1.99 USD18 HKD
Saxo4 USD90 HKD
Interactive
Brokers
0.35 USD (Tiered)
1 USD (Fixed)
12 HKD (Tiered)
18 HKD (Fixed)
Standard
Chartered
10 USD100 HKD
FSMOne8.80 USD50 HKD
POEMSUp to 3.88 USD30 HKD

and here is each broker explained in-depth:

Tiger Brokers

Tiger Brokers was launched in 2020, and they allowed you to trade in 5 different countries with low trading commissions.

They provide one of the cheaper fees when you are looking to buy either BABA or 9988 stocks.

Funding of account

When you want to fund your Tiger Brokers account, you can deposit 3 different currencies:

  1. SGD
  2. USD
  3. HKD

You’ll need to indicate if you want to deposit your funds from a Singaporean bank account or overseas bank account.

Tiger Brokers Deposit Funds 2

If you have a DBS or POSB bank account, you can deposit SGD into Tiger Brokers via Direct Debit.

Tiger Brokers Direct Debit

You’ll be able to deposit your funds much quicker this way!

Conversion of SGD to USD or HKD

The currency conversion from SGD to USD is pretty straightforward.

You will be shown the rates before you convert your funds to USD.

Tiger Brokers Exchange SGD to USD

The same process can be done when you are exchanging from SGD to HKD.

Tiger Brokers Exchange SGD to HKD

Buying Alibaba shares on Tiger Brokers

When you are looking to buy Alibaba shares, you can search for the stock using the search bar.

Tiger Brokers Search For BABA

You’ll be brought to the Alibaba stock page (BABA or 9988), where you can tap on ‘Trade‘.

Tiger Brokers BABA Information Page

This brings you to the order page. You’ll need to enter the details of the order, such as:

  1. The price that you want to buy the stock at
  2. The number of units of the stock you’d like to buy
Tiger Brokers BABA Buy Page

Once a seller has been found for your order, the stock will be credited to your account.

The same process can be done for 9988 shares on the HKEX too.

Tiger Brokers Buy 9988 Page

Fees

Here are the fees that Tiger Brokers charges for buying either BABA or 9988:

FeeAmount
Trading Fee (BABA)0.01 USD / Share
Min. 1.99 USD / Order
Trading Fee (9988)0.03% * Trade Value
Min. 15 HKD / Order
Currency Conversion FeesNone
Dividend Handling FeesNone
Custodian FeesNone
Inactivity FeesNone

The fees for Tiger Brokers is pretty reasonable at a minimum of USD $1.99 or HKD 15 per every order that you make.

Furthermore, they do not charge you any extra fees, which helps to reduce your costs.

Verdict

Tiger Brokers provides a very affordable way for you to start trading in the US and HK markets.

If you are a beginner investor with only a small sum of money, you can consider using this broker for its low fees.

However, I personally feel that the platform makes it fun and easy to trade. This may make investing seem like a game, rather than something that you are investing for the long term.

I would like to caution you to do your own research, and only invest in stocks or ETFs that you are familiar with!

moomoo (powered by FUTU SG)

moomoo (powered by FUTU SG) is another low cost broker that entered the Singapore market in 2021.

Here is a look into their features:

Funding of account

Similar to Tiger Brokers, you can fund your account using 2 methods:

  1. FAST transfer
  2. Direct debit with DBS / POSB bank accounts (SGD only)
Moomoo Deposit Options DDA and FAST

You are able to deposit SGD, USD or HKD if you are sending funds over via bank transfer.

Conversion of SGD to USD or HKD

You are able to easily convert your SGD to USD to start trading in the US markets.

Moomoo USD to SGD Rate vs Saxo

You will be able to see the exchange rate before you convert your SGD to USD or HKD.

moomoo Convert SGD to HKD

Buying Alibaba shares

You can look for Alibaba shares by typing on the search bar,

moomoo Search For BABA Stock

and then selecting ‘Trade‘ on the BABA stock page.

moomoo BABA Information Page

From there, you’ll need to enter some details, such as:

  1. The price (in USD) that you’d like to buy the stock or ETF at
  2. The number of units that you’d like to buy
moomoo Buy BABA Stock

The same can be done for 9988:

moomoo Buy 9988

Fees

Here are the fees that moomoo (powered by FUTU SG) charges:

FeeAmount
Trade
Commission (BABA)
USD 0.0049 / share
Min. USD 0.99 / order
Platform
Fee (BABA)
USD 0.005 / share
Min. USD 1 / order
Trade
Commission (9988)
0.03% * trade value
Min. HKD 3 / order
Platform
Fee (9988)
HKD 15 / order (fixed)
Custodian FeeNone
Currency
Conversion Fee
None
Dividend
Handling Fee
None
Withdrawal FeeNone

Whenever you’re making a trade, you’ll need to consider both the trade commission and the platform fee.

In comparison with Tiger Brokers, moomoo (powered by FUTU SG) has a similar fee structure for US stocks.

However, moomoo (powered by FUTU SG) has more expensive fees for HK stocks.

Verdict

moomoo (powered by FUTU SG) is another low cost broker that makes it accessible for you to purchase Alibaba shares.

You can consider their attractive sign-up bonus which provides you with commission-free trades for 180 days.

Saxo

Saxo Markets is a subsidiary of Saxo Bank, and has been operating in Singapore ever since 2006.

Here is a summary of this brokerage account:

Funding of account

For Saxo, you can transfer your funds in a variety of ways. This includes:

  1. FAST
  2. PayNow
  3. MEPS
  4. Wire transfer
Saxo Deposit Instructions

The easiest way to deposit your funds will be either via FAST or PayNow.

Conversion of SGD to USD or HKD

The conversion of SGD to USD can be done via 2 ways:

  1. Converting SGD to USD when you are making the trade
  2. Transferring SGD to your USD sub-account and then using that USD to trade
Saxo Create Sub Account

You may want to use the sub-account method, as you will pay lower currency conversion fees.

The fees that you pay depend on how you exchange your currency:

Type of ExchangeFees
Cash Products0.75%
Account Transfer0.30%

You will pay a lower currency conversion fee when you are doing an account transfer from your SGD to USD sub accounts.

If you want to exchange SGD to HKD, you will need to create a sub-account for HKD too.

Buying Alibaba shares

Saxo has 3 different interfaces which you can use:

  1. SaxoInvestor
  2. TraderGO
  3. TraderPRO

If you are just beginning your investment journey into stocks, I would recommend using the SaxoInvestor platform.

SaxoInvestor Web Platform

You can click on the search bar at the top right hand corner to search for the Alibaba shares.

BABA will be shown as the top result. If you want to buy 9988, you’ll need to click on the ‘expand‘ arrow.

SAXO Search For BABA

After selecting the stock you’d like to buy, you can click on ‘Buy‘ on that stock’s page.

Saxo BABA Info Page

You will need to select:

  1. The price that you want to buy the stock at
  2. The number of shares that you’d like to buy
Saxo Buy 9988 Page

You may want to take note that the price you see on Saxo is delayed by 15 minutes. You may want to look at the live prices before you decide on the price you want to pay for 1 Alibaba share.

The same process can be done if you want to buy 9988 shares.

Saxo Buy BABA Page

Fees

Here are the fees that you’ll incur with Saxo:

FeeAmount
Trade
Commission (BABA)
0.06% * trade value
Min. $4 USD
Trade
Commission (9988)
0.15% * trade value
Min. HKD 90
Custodian Fee0.12%
Currency Conversion Fee0.75% (Cash Product)
0.30% (Account Transfer)
Inactivity FeeNone
Dividend Handling FeeNone

Compared to Tiger Brokers or moomoo (powered by FUTU SG), Saxo has a more complex fee structure.

The minimum trade commission is higher compared to either broker. Moreover, you will incur extra fees like the custodian fee and currency conversion fee.

One thing you may want to take note is that Saxo Markets does not charge you an inactivity fee. It is only Saxo Bank (the US version) which charges you this fee!

Verdict

Saxo may not be the best method to purchase Alibaba shares, due to its relatively higher fees in the US and HK markets.

For trading in the US markets, there are other brokers that offer better rates!

Interactive Brokers

Interactive Brokers is another online broker that gives you access to the US and HK markets. Here are some of the things you need to know when you want to use this broker:

Funding of account

You are able to deposit your money via a variety of methods. This includes:

  1. Wire transfer
  2. US ACH
  3. Check

The most common way would be to transfer your funds via wire transfer.

Conversion of SGD to USD or HKD

You are able to convert your currency on Interactive Broker’s platform to USD or HKD.

The charges for this conversion is rather low too.

Fees

Here are the fees that you’ll incur when trading on Interactive Brokers:

FeeAmount
Trade Commission
(Tiered; BABA)
USD 0.0035 per share
Min. USD 0.35
Trade Commission
(Fixed; BABA)
USD 1 per order
Trade Commission
(Tiered; 9988)
0.08% * trade value
Min. HKD 12
Trade Commission
(Fixed; 9988)
0.08% * trade value
Min. HKD 18
Monthly FeeUSD $10 if AUM < $100k
Currency
Conversion Fee
0.002% * trade value 
Min. USD 2 per order
Dividend
Handling Fee
None
Withdrawal Fee1st withdrawal free
SGD$15 for
subsequent wire transfers

There are 2 pricing structures that you can use with Interactive Brokers:

Account
Type
Definition
TieredCommission charged is based on
your investment amount

Clearing and exchange fees are
separate from the commission
FixedA fixed commission is
charged for all trades

Clearing and exchange
fees are included

Even though the tiered pricing seems cheaper, you’ll need to pay for the clearing and exchange fees.

Here are some of the other fees explained:

Monthly fee

If you have less than USD $100k (or equivalent) in your Interactive Brokers account, you will be charged a monthly fee of USD $10.

However, there are some ways you can go about to avoid this fee:

  1. Your monthly commissions are more than USD $10
  2. You make some trades during the month, but they are less than USD $10

For the second scenario, you will only need to pay the difference between USD $10 and the commissions you’ve paid!

For example, you only paid USD $4 in commissions for the month.

You will need to pay a monthly fee of USD $6 (10 – 4).

If you are age 25 and below, the monthly fee is only USD $3! This will help to save on your fees, especially when you’re just starting out.

Interactive Brokers may make more sense if you’re doing more frequent trading. This is because you’ll be able to pay a lower monthly fee!

Currency conversion fee

Interactive Brokers also allows you to convert your currency on their platform.

The pricing is slightly different from Saxo:

0.2 basis points (0.002%) * trade value, minimum of USD2 per order

This USD $2 commission will also be considered in your monthly fee. This means if you convert money and make a trade, your monthly fee will the remainder!

For example, you make a currency conversion that costs you USD $2. You also make a trade with the fixed account which costs you USD $6.

This means you’ll only need to pay a USD $2 monthly fee (USD $10 – USD $6 – USD $2).

Depending on the amount that you choose to invest, it could be slightly cheaper compared to Saxo.

Verdict

Interactive Brokers provides a very decent trading platform to buy Alibaba shares. This is mainly due to its lower commissions.

The monthly fees may be costly, especially if you have a small investment amount. However if you are a frequent trader, it may not matter that much!

This is because any trading fees that you pay will be deducted from the monthly fees. This means that you will have to pay a lower monthly fee.

The main problem is that the platform can be rather confusing if you are a beginner investor. Depositing your funds can be rather stressful at first too!

If you are willing to go through this hassle, you can consider trying out Interactive Brokers.

Standard Chartered Online Trading

Standard Chartered is one of the banks in Singapore that allows you to trade in the US and HK markets.

Here’s what you need to know about this platform:

Funding of account

If you have a Standard Chartered online banking account, then things will be quite easy for you.

You’ll need to create a USD or HKD Securities Settlement Account.

After that, you can transfer your funds to this account.

Since Standard Chartered is a pre-funded platform, you’ll need to have funds in your Securities Settlement Account first before you can make a trade.

You will need around 15% of buffer in your Securities Settlement Account.

Standard Chartered 15 Buffer

Conversion of SGD to USD or HKD

There are 2 ways that you can convert your SGD to USD or HKD:

1. Transfer directly to your Securities Settlement Account

You can use the ‘Transfer Between My Accounts‘ function. This allows you to transfer from your bank account to the Securities Settlement Account.

You can choose the amount of USD you wish to have in your Securities Settlement Account.

Standard Chartered Securities Settlement Account Transfer Currency

You will be shown the exchange rate as well as the equivalent amount you’ll exchange from SGD.

The spread can be pretty high from this trade!

For example, I was trading at a rate of 1 SGD = 0.7512 USD.

When I looked at the current rate on XE, it was 1 SGD = 0.754420 USD.

This FX spread will affect how much SGD you’ll need to convert into USD!

This method of exchanging your currency is very convenient. However, it may increase the costs that you incur!

2. Using the LiveFX platform

Another way that you can exchange your SGD to USD is using the LiveFX platform.

Standard Chartered Live FX Platform

This works quite similar to a stock broker. However, you’re trading currencies instead of stocks!

You can place a buy order to convert your SGD to USD.

Standard Chartered LiveFX Buy USD

Don’t forget to choose your destination to be your USD Securities Settlement Account!

Standard Chartered LiveFX Select Destination

The spread is still quite high. However, you are able to trade and choose a price that you’d like to either buy or sell.

As such, you may be able to obtain a slightly more favourable exchange rate!

The same process can be applied if you want to convert to HKD as well.

Buying Alibaba shares on Standard Chartered

Once you have transferred USD or HKD to the Securities Settlement Account, you can start to buy Alibaba shares.

You can use the search function to find the the Alibaba share of your choice (BABA or 9988).

Standard Chartered Select BABA or 9988

Similar to other platforms, you’ll need to enter details of the trade, such as:

  1. The price that you want to buy the stock or ETF at
  2. The number of units you want to buy

Fees

Here are the fees that you’ll need to pay when trading with Standard Chartered:

FeeAmount
Trade Commission
(Personal Banking; BABA)
0.25% * trade value
Min. USD $10
Trade Commission
(Personal Banking; 9988)
0.25% * trade value
Min. HKD 100
Trade Commission (Priority
Banking
; BABA or 9988)
0.20% * trade value
No Minimum
Currency
Conversion Fees
None
Custody FeesNone

You will be charged 7% GST on every commission that you make. For example, you will be charged a minimum of USD $10.70 if you are just a personal banking client!

The fees are slightly higher compared to Tiger Brokers or moomoo (powered by FUTU SG).

Verdict

Standard Chartered is a pretty attractive option to trade in the US markets. However, the minimum fee for the HK markets is rather high.

Moreover, Standard Chartered has a pretty outdated interface too!

Due to its higher trading fees but no monthly fee, it is suitable if you are looking at making lump sum investments.

It may be cheaper when you make a lump sum investment with Standard Chartered compared to Interactive Brokers.

FSMOne

FSMOne is one of the Singapore-based brokers that offers you access to the US and HK markets.

Here’s what you need to know about this platform.

Funding of account

To start trading on FSMOne, you will need to transfer to your FSMOne Cash Account.

I previously transferred some money via FAST, and it was almost instant.

FSMOne Deposit Money

This was even though I deposited my funds at night!

Conversion of SGD to USD or HKD

To convert your SGD to USD, you’ll need to go to your Cash Account, and click on FX conversion at your USD account.

FSMOne FX Conversion SGD to USD

The same process can be done for your HKD account too.

Buying Alibaba shares

You will need to go to ‘Stocks → Live Trading‘ and look for BABA or 9988 in the search bar.

FSMOne Search For BABA

You can select the stock that you want to buy on the search bar as well.

After clicking on ‘Buy‘ for the stock, you will be brought to the order page.

You can decide on:

  1. The type of order you want to make
  2. The price that you want to buy the stock at
  3. The number of shares that you want to buy
FSMOne Buy BABA Stock

The same can be done for 9988 stocks too.

FSMOne Buy 9988 Stock

Fees

Here are the fees that are charged by FSMOne:

FeeAmount
Trade
Commission (BABA)
0.08% * trade value
Min. USD 8.80
Trade
Commission (9988)
0.08% * trade value
Min. HKD 50
Currency
Conversion Fees
None
Custody FeesNone

The commissions for FSMOne are quite high compared to Tiger Brokers!

Verdict

I personally find FSMOne’s user interface to be rather hard to navigate around. As such, you may need to take a while to get used to the interface.

The fees that FSMOne charges are rather high compared to the other platforms. However if you want to use a broker that is well established in Singapore, FSMOne may be one that you can consider.

POEMS

POEMS is another Singapore brokers that has been around since 1996.

Here’s how you can use this platform to buy Alibaba shares.

Funding of account

There are a few ways that you can deposit your funds into POEMS:

  1. PayNow
  2. FAST
  3. eNETS
  4. GIRO

If you want to use eNETS, the minimum amount that you need to deposit is $1000.

POEMS eNETS Deposit

Don’t forget to add in your account number in the comments section when you are making the transfer!

Conversion of SGD to USD or HKD

If you want to convert your SGD to USD or HKD, you’ll have to opt in for the ‘Multi Currency Facility‘.

POEMS Multi Currency Facility Opt In

However, if you’ve created a POEMS account after 26 Oct 2020, you will be auto-enrolled into this feature.

When you want to settle your trade in USD or HKD, the auto-currency conversion process will be performed at 7.15pm.

Buying Alibaba shares on POEMS

To buy Alibaba shares, you can use the search bar on the top right hand corner to select either BABA or 9988.

POEMS Select BABA

If you are looking to buy Alibaba shares, you should be selecting EQ (Equity) and not CFD (Contract for Differences)!

You’ll be brought to the order page, and you can enter the details of your order.

POEMS Buy BABA

The same can be done for 9988 too.

POEMS Buy 9988

Fees

POEMS has 2 different accounts that you can create:

  1. Cash Plus
  2. Cash Management

Here are the fees that you’ll need to pay for the account that you choose:

Cash PlusCash Management
Commission
(BABA)
Up to USD 3.88
(until 31 Dec 2021)

Up to USD 10.88
(after 31 Dec 2021)
0.3% * trade value
Min. USD 20
Commission
(9988)
0.08% * trade value
Min. HKD 30
0.25% * trade value
Min. HKD 100

If you are a frequent trader, Cash Plus seems to be the better option for you. You will receive a preferential rate of USD 1.88 / HKD 30 per trade, if you have a total of $250,000 worth of assets in POEMS.

You will also need to take note of other fees which include:

  1. Custody fees (can be waived)
  2. Dividend processing fee
  3. Account maintenance fee (can be waived)

There are quite a few fees that you will be charged on POEMS.

Furthermore, I feel that the fee structure can be very overwhelming if you are not familiar with these charges.

Verdict

POEMS has a rather complex fee structure that can be really confusing. Moreover, the interface of the platform is rather outdated, compared to the newer brokerages.

You may want to consider trading on POEMS due to their trading promotion of USD 3.88 up until 31 Dec 2021.

You can consider buying an ETF that holds Alibaba too

Another way you can consider buying Alibaba shares is through buying a US-listed or HK-listed exchange traded fund ETF.

An ETF holds multiple stocks within its portfolio. When you buy one unit of the ETF, you are diversifying your investment across multiple stocks.

Here are some indices that have quite a high exposure to Alibaba shares:

When you buy an ETF that tracks these indices, you are diversifying your risk across multiple companies, instead of just buying into Alibaba!

Things to note about Alibaba shares

When you buy into BABA or 9988, there are some things you’ll need to consider, such as:

  1. The minimum amount to invest in either stock
  2. The trading commissions you’ll need to pay (NYSE vs HKEX)
  3. The added risks of buying BABA as it is a variable interest entity (VIE)

You can view my comparison between BABA and 9988 to help you decide which is more appropriate for you.

Conclusion

There are quite a few brokerages you can use to buy Alibaba shares. These are the brokers that provide you with access to trade in the US and HK markets.

However, you can’t use your SRS funds to buy these stocks!

The account that you ultimately choose may depend on these few considerations:

  1. The fees that you pay for each trade
  2. The additional fees you incur (e.g. currency exchange or custodial) when using that platform
  3. The ease of transferring your money to the platform

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Tiger Brokers Referral (Free AMZN, AAPL, XIAOMI Shares and Commission-Free Trades)

If you sign up for a Tiger Brokers account using my referral link, you will be eligible for some rewards. You can view and claim your rewards by going to ‘Me → Promotions & Rewards‘.

Tiger Brokers Rewards Center

Here are 3 bonuses that you can receive:

#1 Registration Reward

When you register for a Tiger Brokers Account, you will receive 500 Tiger Coins.

Tiger Brokers Tiger Coins Promotion

These Tiger Coins can be used to redeem a variety of rewards, such as:

  1. Stock vouchers
  2. Commission-free trades
  3. Reuters videos
Tiger Brokers Tiger Coins Redeem

#2 Account Opening Reward

After successfully opening your account, you will receive 60 commission-free trades that you need to use within 180 days.

Tiger Brokers Commission Free Trade Promotion April 2021

These commission free trades can be used for:

  1. US stocks
  2. HK stocks
  3. Singapore stocks
  4. Futures

You will still need to pay the commission first. The commission should be refunded to you on the next working day.

#3 Funding Reward

If you fund at least $2,000 or $300,000 SGD into your Tiger Brokers account for your very first deposit, you will receive the following rewards:

First Deposit AmountReward(s)
SGD $2,0001 Free AAPL Share
+ 5 Free Xiaomi Shares
SGD $300,0001 Free AMZN Share 

The shares will be added into your account within 10 working days.

This offer is only available for the first 5,000 qualified clients and ends on 30th June.

You can view the terms and conditions of this promotion on Tiger Brokers’ website.

moomoo Referral (Free AAPL, NIO Stock and Commission Free Trades for 180 Days)

If you are interested in signing up for a moomoo (powered by FUTU SG) account, you can use my referral link.

Here are some of the rewards you can receive (From May 1 to 30 June 2021):

  1. Free Apple stock (x1)
  2. Commission-free trading for 180 days (SGX, HKEX and US markets)
  3. Level 2 market data for US stocks and Level 1 market data for SGX

To receive these bonuses, here are the steps you’ll need to do:

#1 Sign up for a Moomoo account

You’ll need to use my referral link to sign up for a moomoo (powered by FUTU SG) account.

Moomoo Sign Up For An Account

#2 Deposit at least $2,700 SGD into your moomoo (powered by FUTU SG) account (free AAPL Share)

After signing up, you’ll need to transfer any of these amounts into your moomoo (powered by FUTU SG) account:

  1. $2,700 SGD
  2. $2,000 USD
  3. HKD 16,000

You will need to make the deposit within 30 days from opening your account for this promotion to be valid.

When you have made the deposit, the AAPL share will be credited into your account.

After Moomoo has received your deposit, you will receive a free Apple stock in your account!

Moomoo Receive Deposit Referral Bonus

#3 Complete 5 successful trades (free NIO share)

If you want a free NIO share as well, you will need to make 5 successful trades on moomoo.

However, you will still need to make a deposit of at least SGD 2,700 into your trading account.

You can track the number of trades you’ve made by looking at your Trading Badge.

moomoo Stock Trading Badge

You’ll need to wait for 5 days before you can trade either stock.

You can view more about this promotion on the FUTU SG website.

POEMS Referral (Free US trades for 1 month)

If you are interested in signing up for a POEMS account, you can use my referral link. You will be able to receive free US trades for one month after you deposit SGD $3,000 into POEMS!

Here’s what you need to do:

  1. Sign up for a POEMS Cash Plus Account
  2. Deposit ≥ SGD $3,000 into your Cash Plus Account within 1 week of opening your account
  3. Enjoy 1 month worth of free US trades

Saxo Referral (Earn $100-$250 in cash)

If you are interested in creating a Saxo trading account, you can take part in the referral program.

Here’s are the rewards that you can receive from this program:

ActionReward
Fund ≥ SGD $3,000 and
make ≥ 3 qualifying trades
SGD $100
Fund ≥ SGD $100,000 and
make ≥ 3 qualifying trades
SGD $250

The 3 qualifying trades that you need to make have to be on margin products, such as:

  1. CFDs
  2. FX
  3. Futures / Forwards
  4. Options

The process is quite different from other referral programmes, so you can contact me for the next steps for the referral!

You can find out more about the referral program on Saxo’s website.

FSMOne Referral

If you would like to create an FSMOne account, you can enter my account number ‘P0381515‘ into the referral code field.

FSMOne Referral

I will receive 1,000 reward points for referring you. Although you do not receive any benefits, I would appreciate your support!


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