From 5 October 26 onwards
What is Reduced Board Lot Size?
A board lot is the minimum number of securities that can be bought or sold in a single trade on SGX. The standard board lot applies to Ordinary Shares, REITs, Business Trusts, Stapled Securities, Company Warrants, Depositary Receipts (“Specified Instruments”).
The current standard board lot is 100 units.
From 5 October 2026, the standard board lot size will be revised to improve adaptability and accessibility for investors by enabling higher-priced securities to be traded in smaller minimum quantities.
Start with a Smaller
Quantity of Shares
Greater Flexibility
Building your Portfolio
Easily Manage your
Investment Amount
List of 11 SGX Selected Counters for the Reduced Lot Size
Jardine Cycle & Carriage Ltd (C07)
Your Potential Savings At A Glance
Example 1: Customer invests in DBS Share that has a price of $78* per share, with Cash Management Account.
| Cash Management Account | ||
| Before 5 Oct 26 | After 5 Oct 26 | |
| DBS Share Price | S$78* | S$78* |
| Quantity Purchased | 100 Shares | 10 Shares |
| Stock Value | S$7,800* | S$780* |
| Commission | S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50k) | S$10** (Fees calculated at S$10**, for Cash Management Account with contract value below S$3,500) |
| Total before GST & exchange fees | S$7,800 + S$25 = S$7,825 | S$780 + S$10 = S$790 |
Example 2: Customer invests in DBS Share that has a price of $78* per share, with Cash Plus Account.
| Cash Plus Account | ||
| Before 5 Oct 26 | After 5 Oct 26 | |
| DBS Share Price | S$78* | S$78* |
| Quantity Purchased | 100 Shares | 10 Shares |
| Stock Value | S$7,800* | S$780* |
| Commission | 0.06%, No Min Comm (Privilege Tier, S$250,000 and above) | |
| Total before GST & exchange fees | S$7,800 + (S$7,800 X 0.06%) = S$7,804.68 | S$780 + (S$780 X 0.06%) = S$780.47 |
*Price as of 25 September 2026 and subjected to fluctuations.
**Revised Commission for Cash Management, Margin, Cash, Custodian, and Share Financing Account after 5 October 2026.
Note: The above examples do not include Exchange Fee and GST.
For pricing of other Account types, please refer here.
Frequently Asked Questions
From 5 October 2026, the standard board lot size for selected SGX-listed securities will be reduced.
Securities priced above S$10 and up to S$100 will have their board lot reduced from 100 units to 10 units.
Securities priced above S$100 will have their board lot reduced from 100 units to 1 unit.
The smaller board lot size lowers the minimum number of shares required to purchase certain higher-priced securities. This means investors can potentially invest with a lower initial capital outlay and have greater flexibility when building their portfolios.
The initial implementation will apply to 11 SGX-listed stocks priced above S$10.
SGX will review the eligibility of securities every calendar quarter to determine whether additional securities qualify for a reduced board lot size.
The minimum investment amount can be significantly reduced.
For example, if a stock is trading at S$50 per share:
Before the change: 100 shares × S$50 = S$5,000
After the change: 10 shares × S$50 = S$500
This excludes brokerage fees and other applicable charges.
No. The board lot reduction does not change the number of shares you currently own.
For example, if you hold 100 shares and the board lot is reduced from 100 shares to 10 shares, you will continue to own 100 shares.
No action is generally required solely because of the board lot reduction.
Your existing shareholdings will remain unchanged. The change affects the standard trading quantity, not your ownership of the shares.
Yes. Once the new board lot takes effect, you can place standard orders based on the new board lot size.
For example, if a stock’s board lot is reduced to 10 shares, standard orders can generally be placed in multiples of 10 shares.
Whether your holdings are considered an odd lot will depend on the new board lot size.
For example, if you hold 50 shares of a stock whose board lot is reduced from 100 shares to 10 shares, your 50 shares will represent 5 board lots after the change.
Quantities below one board lot may generally be traded through the SGX Unit Share Market, subject to the applicable rules.
No. Once a security’s board lot size has been reduced under this framework, the reduced board lot size will remain even if the security’s share price subsequently falls below the applicable price threshold.
With the reduction in board lot sizes, you can enjoy greater flexibility to trade in smaller quantities and with a lower capital outlay.
A brokerage fee of S$10 applies for contracts below S$3,500. This allows clients to trade smaller contract values, subject to the applicable brokerage fees and charges.
For contracts of S$3,500 and above, the prevailing brokerage rates will apply. Other applicable fees and charges may also apply.
Accounts with an existing minimum commission below S$10 will continue to enjoy the lower rate.
Disclaimer
This advertisement is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell any investment products mentioned herein. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information.
Investments are subject to investment risks including the possible loss of the principal amount invested. The value of any investments and the income from them may fall as well as rise. The risk of loss in leveraged trading can be substantial and you could lose in excess of your initial funds.
You may wish to obtain advice from a financial adviser before investing in any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement. You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at www.poems.com.sg) before trading in investment products. Any CFD offered is not approved or endorsed by the issuer or originator of the underlying securities and the issuer or originator is not privy to the CFD contract.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
