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Vijay

20 Oct 2020

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General Investing

I've been researching on what ETFs to buy and feel prepared. But not sure which broker to use?

I'm mainly looking to invest in US ETFs and preferably do some dollar cost averaging so I can buy it monthly. I'm not sure which online broker has the best use case for this. I created a FSMOne account but I am unsure if there are other brokers that fit my case better in terms of lower fees. Any and all advice is appreciated!

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Sebastian Png

20 Oct 2020

Seedly Student Ambassador 2020/21 at Seedly

Hi Kumar! If you are mainly investing in US ETFs, you can consider TDAmeritrade as it has 0 commission fees. However, it may take a long period of time before your account is approved, so you can consider Interactive Brokers or Tiger Brokers. I would recommend the latter if you are not an active trader (since you are planning to DCA monthly) and have an account size smaller than US$100k. You can read this article for a detailed explanation. Hope it helps!

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