facebookHow do I go about buying into ARK ETF from SG at the lowest cost? - Seedly

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Anonymous

15 Apr 2021

โˆ™

General Investing

How do I go about buying into ARK ETF from SG at the lowest cost?

Thinking of putting in 2-3k

Discussion (4)

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Chris

15 Apr 2021

Owner and Writer at Tortoisemoney.com

Any low cost broker with access to the US market is good. This will include:

I've used all 3 of them and they're all pretty decent, each with their own pros and cons. But all 3 boast low trading comms and access to the US market, which will allow purchase of any ARK ETF at a pretty low cost.

TDA Cons:

  • Withdrawal fees (USD25)

  • Long account approval

  • Only have US market access

Tiger Cons:

  • Relatively new broker

  • High position transfer cost (USD100 per counter)

Moomoo Cons:

  • Relatively new broker

  • Starts as a margin account (US side) which may be accidentally result in beginners going on margin without realising itโ€‹โ€‹โ€‹

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