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FundsandNotes

Freelance Motion Designer at Home

15 Dec 2020

General Investing

Are there any alternative brokers to IBKR?

Tried to sign up for it but it states that minimum assets has to be 10k USD for cash and 21 years old for margin. Is there any alternative brokerages that offer such competitve rates?

For context, I'm an NSmen, just turned 20 years old. Any help is appreciated, thanks!

Discussion (2)

What are your thoughts?

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Hello,

I will recommend Tiger broker given their simple and easy to read chart, and low commission fee for not only SG market, but also US market.

Personally, I been using Tiger for SG, HK and US market trading. So far it is the best broker with fast excution and Live stock price (do take note as most broker like FSMone and some others have 15-20mins delay for US market).

For Tiger wise, you do not need to worry about the minimum despoit. For the currency conversion you can do it through the app as well.

On a side note, its a good start for you to kick start your investment journey as I regretted not starting earlier. One advise which I think might be helpful is to see it as a long term investment given your age of 21 years old.

You can just try opening an account as its free and can start trading the next business day! Hope it helps and good luck :)

Go for tiger brokers, good ui and ux, cheap commission, fast account opening. TD is good, but account opening too long 1 month

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