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Anonymous
What are the different fees for these brokers and how do I choose which is suitable for me?
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Chris
05 Feb 2021
Owner and Writer at Tortoisemoney.com
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IBKR Pros:
Established (40+ years)
Largest broker by daily revenue
Low comms (USD 1 per trade/ USD 0.35 per trade on tiered pricing)
Spot FX rates
Almost any market access that you need
IBKR Cons:
Inactivity charge
TD Pros:
Free Comms
Close to Spot FX Rate
TD Cons:
USD 25 withdrawal fee
Account Approval takes insanely long (3 months and counting...)
Tiger Pros:
Low Comms (USD 1.99 per trade min)
Runs on IBKR software
Many promotional benefits (e.g. angbao vouchers currently)
Cons:
Relatively new broker
USD 100 for position transfers if you wish to change brokers next time
Personally I use IBKR, but you can also check out my broker comparison here!