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Anonymous

30 Mar 2021

General Investing

Best brokerage to use if i just want to buy and hold?

Planning to invest into ETF and just hold. Not going to trade actively.

Discussion (9)

What are your thoughts?

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Agee with Chris' comment! Personally I use Tiger Brokers as the fees are low and I am looking into long-term investment too. https://plannerbee.co/learn-personal-finance/we... - I talked about my experience using Tiger Brokers here if you're interested!

Chris

30 Mar 2021

Owner and Writer at Tortoisemoney.com

Tiger Broker is a good choice if you're starting out with small capital. They have:

  1. Good comms (USD1.99 per trade min)

  2. Can trade pre/post

  3. Free live data (not sure if it's still around)

  4. Great promos for new users (to compete with Moomoo ofc)

  5. Super fast account approval

  6. Interface is quite nice

  7. No platform fees

Cons:

  1. Relatively new broker

  2. Some people don't trust Tiger Brokers because they're China-based: This may or may not be a concern for you.

  3. Transfer out cost of USD100 per counter (if you ever change broker and wish to transfer your positions).

Alternatively, you can also check out broker comparison here to take a look at some other brokers too!​​​

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