$10 Brokerage - Small Lot Promotion

Not sure where the market is heading, yet still want to take part in the recent action?

Making use of smaller board lot sizes may be the solution for you.

Lim & Tan has an ongoing promotion of S$10 min. brokerage for online trades done on the Singapore Exchange < 1,000 shares and with contract value ≤ S$3,500 or US$2,500.

ADVANTAGES OF BUYING IN SMALL LOTS

For the retail investor, especially if you have just started out, this means easier access to Blue Chip stocks which have a high share price. For eg. for UOB at $32.00, the minimum shares for purchase is 100, allowing you to be invested in UOB for $3,200+.

Also, with a certain amount of money, say S$10,000, you can now diversify into more Blue Chip stocks (rather than buying penny stocks).

One useful strategy is dollar cost averaging, which means buying the same amount of stock at regular intervals. For eg. buying 100 shares of UOB every quarter, or interchanging between OCBC and UOB every month.

BUYING IN SMALL LOTS IS AFFORDABLE

As long as your online trade is < 1,000 shares and with contract value ≤ S$3,500 or US$2,500, brokerage is $10. Do note that the online trades apply to the Singapore Exchange only.

Here's other applicable examples for you:

Buy/Sell Sembcorp Ind 500 shares @ $6.16 = $3,080
Buy/Sell CapitaLandInvest 500 shares @ $2.46 = $1,230
Buy/Sell STI ETF 900 shares @ $3.52 = $3,168
Buy/Sell unit shares of UOB 85 shares @ $32.14 = $2,731.90

Note: All buy trades of the same stock fulfilled on the same day are amalgamated into 1 contract. The same applies for sell trades. Other charges including SGX Trading Fees, CDP Clearing Fees and GST still applies.

Eg. a buy order and sell order for UOB: