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Anonymous

08 Jul 2021

∙

General Investing

DCA ibkr trading fee

Hi there
I have been DCA with ibkr for 3 months now.
1k a month with portfolio 25% A35, 25% ES3 and 50% VUSD.

Ibkr charged 2.50sgd min for A35 and ES3 plus USD 5 min for VUSD.
Also 2.80 for forex exchange from sgd to usd.
So literally trading fee of around sgd 15 bucks monthly.

Any inputs if the trading fee are high low or just normal?

Thanks!

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thefrugalstudent

09 Jul 2021

Founder at thefrugalstudent.com

Hi Anon,

That is high. For SG ETFs, I recommend using Tiger instead - currently, they are waiving the minimum fee, so the fee is only 0.08%. Also, it seems like you're using fixed pricing instead of tiered pricing, which is more expensive for small-time investors like us. By switching to tiered pricing, your minimum commission fee for VUSD should be reduced from 5 USD to 1.70 USD.

Hope this helps!

Regards,

thefrugalstudent

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1M45

08 Jul 2021

High. I can buy 3 set of filet-O-fish meal.

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