Man charged $22,000 in fees after using Tiger Brokers – triple the price of stocks sold

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

A Singaporean man was charged some $15,000 in settlement fees after making a trade using online brokerage Tiger Brokers – three times the price of the stocks he sold. Speaking to

“What really shocked me was that I was actually put into debt from transaction fees… Nobody believed me that I was put in debt solely from transaction fees,” he said.

Mr Kong said neither the revised rates nor a table displaying the new rates were included in the e-mail, adding that Tiger Brokers had failed to sufficiently inform their customers of the changes.He said not having a maximum cap on the fees levied made little sense, especially if the transaction fees cost more than the share price itself, as that would mean a loss for anyone selling their shares.

"Prior to changes in any transaction fee, valued customers like yourself should have been notified with ample notice. Transaction fees are also published on our official website for reference," Tiger Brokers wrote in the same e-mail. In line with the new cap, the fees for the trades he took in April is now US$511.50, and he will receive a refund of US$15,675.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 7. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

🐅 roar yum

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asia stocks weighed by inflation concerns, China tech sellingHONG KONG : Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »