Regular Trading Fees
(Applicable from 24 December 2024)
Fee | Standard | Premium | Metal | Charged by | Description |
Commission Fee | US$0.99 per order. | Revolut Securities Singapore Ptd Ltd (“RSS”) | A fee (sometimes known as a brokerage fee) will be charged for each order. All plans currently do not provide for commission-free/ no-commission trading allowance | ||
Custody Fee | US$0.0 per month. | RSS | A fee charged on the market value of your assets held with us, charged monthly. The fee will be deducted from your Trading Account. | ||
Settlement Fees | US$0.0 | RSS | Costs to settle transactions with US Agents. | ||
SEC* Fee (sell orders only) | US$0.2780 per US$10,000 of sale proceeds (prorated) and minimum of $0.01 -----------------------------------For example if transaction value of your sell trade is U$1000, SEC Fee will be US$0.00002780*1000 =US$0.02780. | SEC | For the costs involved in their regulation of equity dealers and the equities market. | ||
FINRA TAF* Fee (sell orders only) | US$0.000166 per share with a per transaction cap of US$8.30 and min of US$0.01. | FINRA | To recover FINRA's costs of supervision and regulation | ||
Pass Through (American Depository Receipts "ADR") Fees | USD $0.01 to $0.05 per share | Depository Bank | Fees charged by depositary bank in connection with your ADR holdings. | ||
Consolidated Audit Trail (“CAT”) fees | $0.000048 to $0.000072 per share (RSS will be absorbing the fees till further notice) | Consolidated Audit Trail, LLC | Fees assessed to industry members, such as broker-dealers, to fund both the historical development and the ongoing operational costs of the CAT system. This is usually passed on by many broker-dealers to customers. | ||
Robo-Advisor Fees
Fee | Standard | Premium | Metal | Charged by | Description |
Management Fee | 0.75% p.a. | 0.75% p.a. | 0.75% p.a. | RSS | Investment Service Fee (aka Annual Management Fee) includes all on-going costs and charges paid to RSS for the services provided to you. It is charged monthly which is 0.0616% / 6.16 bps of the market value of the portfolios, for a month with 30 days. Other than the Investment Service Fee, RSS does not charge custody, administration or any other fee in relation to Robo-Advisor services. |
SEC* Fee (sell orders only) | US$0.2780 per US$10,000 of sale proceeds (prorated) and minimum of $0.01 For example if transaction value of your sell trade is U$1000, SEC Fee will be US$0.00002780*1000 =US$0.02780. | SEC | For the costs involved in SEC's regulation of equity dealers and the equities market. | ||
FINRA TAF* Fee (sell orders only) | US$0.000166 per share with a per transaction cap of US$8.30 and min of US$0.01. | FINRA | To recover the costs of FINRA's supervision and regulation | ||
*Regulatory fees for:
- SEC: U.S. Securities and Exchange Commission,
- FINRA TAF: Financial Industry Regulatory Authority Trading Activity Fee
Example of management fee calculation:
- An account with an average balance of US$1,000 per month will have a management fee of US$0.62 per month. Assuming there are 30 days in the month and 365 days in the year, the fee is as follows: US$1,000*0.075*(30/365) = US$0.62
Reminder of our competitive Foreign Exchange fees
Fee | Standard | Premium | Metal | Description |
Foreign Exchange Fee | No fee for major currency pairs, up to your allowable limit as per your plan and during Foreign Exchange Market Hours. More details on Exchange fee. | Unlimited exchange at no fee for major currency pairs. More details on Exchange fee. | An FX fee on fund transfers in and out of your USD Trading Account (if you exceed the monthly allowable limit). | |
Reminder on your client money account with us
As per current agreement (Trading Terms), you have given express consent to your money being held in a pooled account. We won’t pay you interest on client money held in the course of settlement or held in a client money account as part of a pooled holding. Interest earned on client money held in a client money account is retained by RSS for its own benefit.