Is it a good move to have more than one brokerage account? Do you have just one brokerage account or do you have a few?

Yes it's definitely a good move to have several brokerage accounts for different needs. It depends on your use type and if you intend to trade different markets.

If you are just looking to trade sgx, pretty much the same across the local brokers. Some may offer lower rates for prefunded accounts so it's worthwhile to see.

For US market, nothing beats Td Ameritrade as its now free commission for stock trading and it has the lowest comm for options as well. Account opening may take some time though due to the influx of applications.

For me personally I have a few accounts for sgx though I primarily use maybank ke. For US market, I use Td for mainly options trading.

I have three main and one dormant:

• Poems, have been with the broker for more than 10years and I appreciate his efforts and advice. So buying SG stock would go through him and seek his advice before buying.

• FSMOne, selling SG stock. I don't sell much of my SG holdings as they are usually super long term holdings. But when I do, it's through here.

• TD Ameritrade, using it to trade US stock and options. Platform is easy to use, the approval took quite awhile(2-3wks) but the online support during market hours are good. Costs have come down quite a bit but that's pretty much across board most accounts.

• Tiger Brokers, just for fun and see what's the hype. Have not done any trades yet.

It really depends on why you would want to have more than one account.

Having multiple brokerage accounts is to maximise the main features/benefits of each brokeage account without compromising your investment returns.

For example you want to use Interactive brokers to buy UK index fund (e.g VUSD) that tracks the S&P 500 index, which reduces the tax payable from 30% to 15%, and have another brokerage account like TD Ameritrade for individual stocks due to zero commission fee and monthly activity fee.
In general, you can have multiple accounts for different investment purposes, such as children education, retirement, house/marrriage.

Feel free to check out here for more investing and savings tips :)

I have 6 brokerage accounts.

1. DBS Vickers - Buy SG stocks
2. FSMOne - Sell SG stocks
3. POEMS (I plan to close this one soon)
4. Interactive Brokers
5. TD Ameritrade (not closing it even tho' I'm not using it, b'cos I waited 1.5 months for the approval 🤣)
6. UOB Kay Hian (for CPFIS due to Endowus)

I use IB most frequently as I can access to global markets.