Hi Folks, this will be a short post. For those who are also using margin financing strategy. Seems that for SGD financing, Interactive brokers offered the lowest rate. However, my personal preference is to stick to the traditional brokers (Maybank, DBS Vickers, UOB Kay Hian) albeit higher transactional fees as I still feel they are financially stronger and less likelihood of business failure that will lead to unnecessary administrative headaches to settle on custodian ownership release in such an unfortunate black swan event. Also, for those on privileged banking with higher net worth, there is also the possibility of getting a reduced financing rates for margin loan.
Do share also if there are other cheaper options out there (besides the use private home equity loan) in terms of brokers offering. Ok, that's all from me for now on this. Have a great week ahead!
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