Advertisement

HY

26 May 2020

∙

General Investing

Brokerages for recommendation? Adopting a buy-and-hold strategy for long term (>3-5 years) for SG stocks and US stocks?

Currently holding SCB trading account and newly opened DBS Vickers account. Purchased a few SG stocks and a few US stocks via SCB previously. Planning to purchase more SG stocks and US stocks (probably also Irish domiciled stocks) for long term holding, not planning to do frequent trades.

Recently came across IBKR and not sure if it is worth to switch to it for purchasing of US and LSE stocks. Please kindly advise.

DBS Vickers Securities Standard Chartered Online Trading Interactive Brokers

2

Post Merged

This post is no longer accepting new comments because it has been merged with What brokerage do you use, for both SG stocks and other international stocks like US, and why?

View our community merged guideline

Discussion (2)

Jacob

26 Apr 2020

Hi HY, I am personally using DBS Vickers and IBKR hence it should be quite similar with your strategy.

For US stocks, it is generally cheaper to be investing via an overseas brokerage account compared to the local ones such as those by the local banks. IBKR charges around USD$1 per trade, and they use spot rates for their FX. Hence both could help you save quite a bit.

That said, should your account holds less than USD$100k, IBKR charges USD$10 per month outstanding of any trading fees for the transations you make for the month. For example, for 3 trades it'll be $3 in trading fees. Overall you'll be charged an additional $10-$3=$7 for that month.

Some are detered by the USD$100k rule and hence resort to using Saxo or TD instead. You could also keep these as considerations.

Reply

Save

Pang Zhe Liang

25 Apr 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Seedly has a comparison based on users' review. Check it out: https://seedly.sg/reviews/online-brokerages

Reply

Save

Write your thoughts

Related Posts

Hello, I am 19 years old and just about to start investing. My plan is to buy stocks with 4-5k that I have saved and hold for a term of about 5 years. Which brokerage account is suitable?

Would like to start long term investment, 10 years or more. Are there stocks to buy and hold for long period, instead of keep selling and buying? Which online broker to consider?

If i would like to buy and hold investments in stock market for 5-10 years, should i go with SaxotraderGO? Does the platform allows me to have long term holding or only for day trading?

I would like to purchase my first stock for a dividend portfolio. Are there any dividend stocks or ETFs in SG worth holding for the long term (20-30 years)?

Is Interactive Broker cheaper than FSMOne? Which is a better option for holding long term stocks. Looking to transfer from SAXO, with stocks in HK, SG, and US.?

Related Products

DBS Vickers Securities

2.8

89 Reviews

$25

MINIMUM FEE

0.18% to 0.28%

TRADING FEES

CDP

STOCK HOLDING TYPE

Standard Chartered Online Trading

3.4

45 Reviews

Interactive Brokers

4.0

39 Reviews

Related Posts

Hello, I am 19 years old and just about to start investing. My plan is to buy stocks with 4-5k that I have saved and hold for a term of about 5 years. Which brokerage account is suitable?

Would like to start long term investment, 10 years or more. Are there stocks to buy and hold for long period, instead of keep selling and buying? Which online broker to consider?

If i would like to buy and hold investments in stock market for 5-10 years, should i go with SaxotraderGO? Does the platform allows me to have long term holding or only for day trading?

I would like to purchase my first stock for a dividend portfolio. Are there any dividend stocks or ETFs in SG worth holding for the long term (20-30 years)?

Is Interactive Broker cheaper than FSMOne? Which is a better option for holding long term stocks. Looking to transfer from SAXO, with stocks in HK, SG, and US.?

Advertisement