Zero-commission trades do not mean free trades in many cases
Add BT as a preferred source
Yong Jun Yuan
THE advertisements of online brokerages such as Tiger Brokers and moomoo tout free shares and zero-comission trades, but trading through them can be expensive – as one customer recently found out.
Kong Weng Hong, a sales accounts manager, recently sold about US$5,000 worth of US-listed shares he was holding with Tiger Brokers.
But when he logged in to his account after the trade was completed, he was shocked to see a deficit of US$11,000 instead.
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