It depends really.
Commissions
Interactive is definitely the best in this aspect with comms going as low as 0.35 usd per purchase, FSM's RSP allows min USD1 in comms while SAXO is the worst at min USD 4 (correct me if im wrong).
FX
Both FSM and Interactive are charging spot FX rates while SAXO has a wider spread.
Additional Fees
Interactive Brokers charges an inactivity fee of USD 10/month (unless you're 25 or younger, then it'll be USD3). Your commissions will offset your inactivity charge, meaning if you incur USD 2 in comms every month, your inactivity fee is USD 8 (10 - 2). This fee is waived at USD100k in account value.
FSMOne charges dividend handling fees, hence your ETF's dividends will be subject to small charges (1% of gross dividend, min USD2.50 and maximum of USD25).
SAXO charges a platform fee of 0.12%.
Market Access
Both Interactive Brokers and SAXO have access to both LSE and US exchanges, while FSMone only has US access.
Conclusion
If you have a large starting capital where you can expect to hit 100k USD in 1-3 years, I would just go with Interactive. Otherwise, I would just go with FSMOne's RSP instead. Transfer of positions from FSMone to IBKR (or any other broker for that matter) is free of charge anyways, so once your portfolio is large enough, you can consider making the switch.
I hope this was useful! Cheers!
Do check out my site if this content has been useful at https://tortoisemoney.com or my broker comparison in specific to find out more!
It depends really.
Commissions
Interactive is definitely the best in this aspect with comms going as low as 0.35 usd per purchase, FSM's RSP allows min USD1 in comms while SAXO is the worst at min USD 4 (correct me if im wrong).
FX
Both FSM and Interactive are charging spot FX rates while SAXO has a wider spread.
Additional Fees
Interactive Brokers charges an inactivity fee of USD 10/month (unless you're 25 or younger, then it'll be USD3). Your commissions will offset your inactivity charge, meaning if you incur USD 2 in comms every month, your inactivity fee is USD 8 (10 - 2). This fee is waived at USD100k in account value.
FSMOne charges dividend handling fees, hence your ETF's dividends will be subject to small charges (1% of gross dividend, min USD2.50 and maximum of USD25).
SAXO charges a platform fee of 0.12%.
Market Access
Both Interactive Brokers and SAXO have access to both LSE and US exchanges, while FSMone only has US access.
Conclusion
If you have a large starting capital where you can expect to hit 100k USD in 1-3 years, I would just go with Interactive. Otherwise, I would just go with FSMOne's RSP instead. Transfer of positions from FSMone to IBKR (or any other broker for that matter) is free of charge anyways, so once your portfolio is large enough, you can consider making the switch.
I hope this was useful! Cheers!
Do check out my site if this content has been useful at https://tortoisemoney.com or my broker comparison in specific to find out more!