Anyone looked into CMC invest for LSE ETFs (CSPX, IWDA etc.)? Is it cheaper than IBKR?
Currently doing a quarterly DCA via IBKR, if the comissions and currency conversion fee are chepaer, might switch over to CMC invest for a monthly DCA. Let me know what you think!
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Justin
Edited 17 Aug 2023
Content Strategist at Seedly
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Yes its cheaper unless you are trading large amounts monthly because Fx rate is better on IBKR. So it depends how much your quaterly trade is
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We've done the calculations here :) CMC Invest is cheaper for under $7,842.46 investments! I've personally started using CMC Invest to invest in CSPX and can vouch that it is slightly cheaper than IBKR too!