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Zero-commission trades do not mean free trades in many cases 

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Yong Jun Yuan

Yong Jun Yuan

Published Fri, May 6, 2022 · 09:02 AM
    • Investors should be alert to the fees that are charged by brokerages offering zero-commission trades on US-listed stocks.
    • Investors should be alert to the fees that are charged by brokerages offering zero-commission trades on US-listed stocks. REUTERS

    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.

    BrokeragesMonetary Authority of Singapore

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