On Soul of Business, there’s some tough competition out there in the brokerage industry, as new online trading platforms have entered the market.  Some adjusted their fees in response to low-cost online brokerages. Melissa Hyak speaks to Gavin Chia, Managing Director of Futu Singapore to find out whether or not a $0 fee actually means it’s free.

Highlights:

00:33 Moomoo's settlement fee is practically free right? 
04:22 Is the commission cap important? 
06:13 How do trading platforms make up income stream from reduced fees?
08:32 What are some of Futu Singapore's initiatives in Singapore?
10:38 What are the trends amongst people that use your trading platform?