facebookI plan to buy US stocks, any recommendations for brokerages? Should I go for a local brokerage such as CIMB or SCB, or an overseas brokerage such as IB or Tiger Brokers? - Seedly

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J J

12 Jun 2020

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General Investing

I plan to buy US stocks, any recommendations for brokerages? Should I go for a local brokerage such as CIMB or SCB, or an overseas brokerage such as IB or Tiger Brokers?

What are the pros and cons?

Discussion (17)

What are your thoughts?

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I invested $65k with Pocket Option, and they refused to release my deposit and profit, then was asked to verify my address which I did, 2 weeks down the line, I didn't get my money. I kindly ask anyone who reads this review not to invest on this platform. I was able to recover my money by getting in touch with [email protected]. They are highly recommended by me. They helped me recover my lost fund which was taken from me by those frauds.

I would personally choose a broker that is more established. IB, CIMB and SCB have been around for a long time, and has huge customer base. Tiger and MooMoo are the new kids on the block, hence some might not feel so comfortable using their services. However, as long as the brokerage firm is licensed in Singapore by MAS, it should be considered safe. MAS is among one of the strictest regulators in the world.

Ibkr is the best for US investments ever since they waived the minimum fee of $10.

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Here's my referral link:

https://ibkr.com/referral/jin301

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IB is still the best, ful detailed discount broker... out of the rest i used

At this moment, I would recommend Tiger Brokers. Although not sure how much and what they charge in ...

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