I want to buy US ETFs (eg. S&P 500 ETF) while working and earning SGD in Singapore. Considering (i) commissions and (2) conversion rates from SGD to USD, which online broker is the cheapest?

S&P 500 ETF

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Elbert

Edited 18 Dec 2021

For best FX conversion, choose IBKR

For commissions, TDA don't charge for US stocks and cheaper for US options. If you wanna trade OTC stocks. IBKR's commission will be cheaper.

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Tan Choong Hwee

Edited 18 Dec 2021

Solutions Specialist at Providend

IBKR would be a good choice. Their commissions are low and their FX conversion rates are competitive. Plus they support a wide range of markets, specifically LSE where many Ireland domiciled S&P 500 ETFs are listed.

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If you invest/trade in the US market and earn profits, how is the currency conversion done? E.g. USD to SGD. Is it done through the respective broker's exchange rate?

For those who buy US ETF stocks tracking top 500 companies, do you buy from the Singapore Market (SPDR S&P 500), or do you buy from the US market? For US market, what code is that?

Hihi, I wld like to use FSM to RSP US-listed ETFs mthly but I'm not sure how the FX works or how my SGD will be converted to USD to buy the ETFs. Grateful if can help break it down for me pls. Tyvm. Any advice?

If I plan to buy a US ETF on Tiger Brokers, I have to deposit USD? Or can i deposit SGD and they auto-convert it to USD for me?

Is there a world ETF that excludes US? Does it make sense to buy world ETF (including US) + S&P 500, or world ETF (excluding US) + S&P 500? Why?

If you invest/trade in the US market and earn profits, how is the currency conversion done? E.g. USD to SGD. Is it done through the respective broker's exchange rate?

For those who buy US ETF stocks tracking top 500 companies, do you buy from the Singapore Market (SPDR S&P 500), or do you buy from the US market? For US market, what code is that?

If I plan to buy a US ETF on Tiger Brokers, I have to deposit USD? Or can i deposit SGD and they auto-convert it to USD for me?

Is there a world ETF that excludes US? Does it make sense to buy world ETF (including US) + S&P 500, or world ETF (excluding US) + S&P 500? Why?