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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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 (16)

What are your thoughts?

SCB, IB and Saxo have been popular choices, while Tiger is a new entrant.

If you are looking for the cheapest broker, then it would be Tiger. They are running a promotion now and you can find referral codes for Tiger Brokers here: https://seedly.sg/questions/anyone-has-a-tiger-...

Trustworthiness wise, SCB, IB and Saxo are definitely ahead of Tiger. To decide which of these 3 to use, you will have to look at the amount you are investing, and the frequency that you will make trades. Some have higher commissions and fees while others have inactivity fees.

Hello, been using tiger for two to three weeks now. Commission is indeed cheap compared to other brokers. Good for those with small fund and just starting like me. Made multiple trades for several stocks and i paid in total the same fee i will pay for one trade for other brokers. Only cons is it is new. I asked them how safe it is and they said my investment is saved in a third party account. Just need to closely monitor if it is indeed a good broker for the long run.

You can try it and use my below referral, both of us will benefit.

https://www.tigerbrokers.com.sg/market/sg-invit...

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I would personally choose a broker that is more established. IB, CIMB and SCB have been around for a...

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