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Im considering Saxo and poems but im open to other suggestions. Any LaoJiao please help. The inactivity fee of saxo is quite high, and that means im forced to make a transaction with a minimum fee of 15? every quarter. seems a waste to me since i want to hold long term. Not sure about the inactivity fee of poems. the minimum trading fee is quite substantial to me. Wonder if any of yall that started investing with a small amount faced this problem or not. Any advise would help
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Victor
30 May 2021
Financial Service Consultant at AIA
Tiger or moomoo
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You can check out td ameritrade. No fees but account opening take very long, my friend say take more than 4 months now. Alternative will be tiger broker, faster process
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Chris
09 Jan 2021
Owner and Writer at Tortoisemoney.com
I think it depends on which markets you want access to.
If you only need US market access, TD Ameritrade is likely your best pick. Free commission, low FX spread and great desktop user interface.
If you need US and SGX/HK market, Tiger Brokers are a good choice too. Commissions are relatively low at USD 1.99 per trade.
I personally use IBKR, but I understand that you are probably a passive investor and as such, probably won't incur the minimum comms to waive the inactivity fee, hence I did not recommend it for you.
You can check out my brokerage comparison here to find out more!
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Get a IB white labels. If you go pure IB, you'll be charged US$10 per month...
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There is no price, however opening an account takes a very long time; according to a friend of mine spacebar clicker