facebookI plan to invest 1k SGD every month(10-20years) in S&P500 ETFs, which brokerage should I go with? - Seedly

Advertisement

Anonymous

15 Apr 2020

βˆ™

General Investing

I plan to invest 1k SGD every month(10-20years) in S&P500 ETFs, which brokerage should I go with?

Im deciding between Interactive Broker(low comms but 10USD inactivity fee) and Saxo (cheaper than average comms).

Discussion (23)

What are your thoughts?

Jonathan Chia Guangrong

Jonathan Chia Guangrong

04 Feb 2020

Cybersecurity Trainee at Bank in blue

I'll suggest Td Ameritrade. Robust platform with powerful charting tool if you need. Simple to use and the mobile is great as well. I use my phone to trade if I'm lazy to fire up the desktop application.

If you have sufficient volume, consider giving them a call to discuss if commission can be lowered.

Lim Chun Long Jimmy

Lim Chun Long Jimmy

04 Feb 2020

Co-founder at PolicyWoke (Traded Endowment Policies)

There are many others to choose from, including but not limited to:

View 1 replies

If it's just S&P500, can consider going ahead with kristal.AI

Otherwise IBKR also a good choice

Rishi Ramchandani

Rishi Ramchandani

29 Jan 2020

Financial coach / Founder at Cafe cash flow

IBKR or TDameritrade for the low fees. 12 trades a year X 20 years - the fees can add up!

By the way I like what you are doing! I've been doing something similar since I started earning. Goodluck

View 1 replies

Randall Tan

Randall Tan

29 Jan 2020

Coffee boy at Century Piano

Hi, I would recommend you to go with ibkr, with their low commission fees between $1-$3 usd per trad...

Read 3 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Sign up or login with an email here

Write your thoughts

Advertisement