Interactive brokers (IBKR) qn

Well, with $400+ (assume it is in USD), it may be insufficient to buy even one CSPX share (CSSPX ticker symbol on IBKR, last close price at USD424.46). IBKR may be the only broker that offers LSE stocks and fractional shares. The $10 monthly fees would cost you 2.5%+ on $400+ purchase.

Tiger fees are quite low. It really depends on how much your stocks in Tiger is worth and how frequent you trade, and whether your IBKR commissions can hit $10 if you transfer all to IBKR.

Hi Anon,

While CSPX is the best long-term S&P 500 ETF to hold for SG investors, investing in CSPX from the get-go may not be the best option due to the high broker fees involved. The 10 USD monthly fee is quite hefty, especially if you're only able to invest about $400+ every month.

Personally, I think it's better to stick to low-cost brokers like Tiger Brokers and settle for US-listed ETFs like VOO until you have accumulated a larger portfolio, where it would make more sense to switch to CSPX. This is what I'm doing myself and I actually wrote an article about this on my blog, you can check it out if you're interested!

Hope this helps!

Regards,

thefrugalstudent