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Joel Ng

20 Apr 2021

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General Investing

If there is a fee of $10.70 per trade, what should be the minimum sum to DCA invest in US ETF to make the fees worth? Is $500-1000 worth the fees?

Currently use scb as it took the fastest to set up and convenient to transfer money with live fx.

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rogersk

19 Apr 2021

Dude why DCA with SCB and pay monthly 10.70?? Assuming you DCA monthly.

FSMone offers a Regular Savings Plan (RSP) at 1USD per monthly DCA. Check that out. If you're planning to DCA weekly, then you're better off with a low commission broker like tiger/moomoo/TD (BEST cuz free). Or possibly IBKR.

I have FSMone and Tiger, opened and all approval within an hour.

7N8LGH my tiger referral code. Heard there's a Disney share promo now. Do check it out. I think free disney share if you top up 2k, free 5 trades. Tiger each trade is 1.99USD plus GST is 2.14USD. But I'd go with FSMone for DCA using the RSP.

Just my 2cents worth. You do you.

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Wilson Nid A Break

19 Apr 2021

I would go at least $1.5-$2k while using scb

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Steven @ HedgeFinTech.com

17 Apr 2021

There isn't a benchmark, but essentially the fee is the amount/% you would have lost before any stoc...

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