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Online brokers in Singapore woo investors with lower fees, and more investment and lifestyle options

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It is normal for a market-capitalisation weighted index to be led by the largest companies. As long as the rest of the market follows, it is not an indication of a market peak. PHOTO: PIXABAY

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

PHOTO: PIXABAY

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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.

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