Online brokers in Singapore woo investors with lower fees

Competition for the retail investor dollar heats up as online brokers pull out all the stops to capture a bigger slice of the pie. — The Straits Times

SINGAPORE: Online brokerages and share trading platforms are slashing fees and offering a range of perks to attract customers amid intense competition in the sector.

The battle for clients kicked off in earnest when Xiaomi-backed Tiger Brokers entered the market in 2020, followed by Tencent-backed Moomoo Financial in 2021, and has only heightened since.