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? 



 

On Soul of Business, there&rsquo;s some tough competition out there in the brokerage industry, as new online trading platforms have entered the market. &nbsp;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&rsquo;s free.
&nbsp;
Highlights:
00:33 Moomoo's settlement fee is practically free right?&nbsp; 04:22 Is the commission cap important?&nbsp; 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?&nbsp; 
&nbsp;

Fill your workday afternoon with keen conversations that will inspire and inform with a slew of programs from Eco Money & Money in the Market to What’s Trending. 

Get your daily review of market movements in Market View and Money in the Market that explores important investment news that might affect movements for the rest of the day.

Fill your workday afternoon with keen conversations that will inspire and inform with a slew of programs from Eco Money &amp; Money in the Market to What’s Trending. Get your daily review of market movements in Market View and Money in the Market that explores important investment news that might affect movements for the rest of the day.

Advertisement