You are at their mercy with exchange rates.I reckon it will cost...

You are at their mercy with exchange rates.

I reckon it will cost the average trader big time.

banks quote 91 to sell and 99 to buy US Dollars.

I've spoken UBS whom i trade with and when I sell LNC I can leave the cash in Singapore Dollars in case I want to trade again the next day.I need only convert when it suits.

Seriously, any of you that what to continue to trade LNC will have to get a real broker or it will be prohibitively too expensive.2 lots of (Pay the Aussie broker and the Singapore broker)Brokerage Plus Rape FX Rates.

My suggestions are:

1)Phillips because they are affiliated (Head office Singapore)
2)US type broker.Citi, UBS,ML etc
The Comms Secs of the world are not going to cut it!!