Based from your experience, which brokerage is the most cost saving to DCA SGD500-1000 per month into just a S&P500 ETF for the very long term?

Have been using FSMOne due to their current promo on 0% processing fee for RSP of selected ETFs. Just to highlight, the FX rates though transparent are not attractive. This could affect the amount to be invested (SGD-USD) and returned (USD-SGD).

Hi Su,

I personally use IBKR to DCA into irish-domiciled ETFs because of lower withholding taxes (15% instead of 30%), no estate taxes and accumulating options.

Check out my article on irish domiciled etfs for a more detailed explanation, my brokerage of choice and irish domiciled ETF comparisons. website link in my bio!

I think you should first shortlist the S&P500 etf and compare the expense ratio and also whether the ETF is accumulating or dividend paying. There is this 30% withholding tax for dividend paying ETF listed in US.

After this is done, find out which brokerage is offering the ETF and compare the commission fees.

Thank you for the 3 response below. It will be helpful to talk about your chosen brokerage platform and the fees you incured so far. The focus here remains unchanged, buying and holding a single S&P500 etf in the lowest cost possible