Advertisement

Anonymous

18 Apr 2019

∙

General Investing

Lets say I want to open a brokerage account and invest in US stocks.. Should I open a SG dollar denominated account or a US dollar denominated account?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Jonathan Chia Guangrong

28 Mar 2019

SOC at Local FI

If you want to trade in US markets, you will require a USD denominated brokerage account. If you use a SGD denominated one, likely the broker will convert to USD on your behalf at a rate that is not in your control. May be more expensive in this sense. Consider using TD Ameritrade or interactive brokers for trading on US listed instruments

Reply

Save

Write your thoughts

Related Posts

Has anyone used YouTrip Credit Card to convert SG dollars to US dollars and used it to fund your US stocks account?

I don’t have a large capital to invest with, but I want to invest in the US stock market (individual stocks). Which is the best brokerage for my situation?

What is the best brokerage platform to start investing in US stocks/UTs? I have a DBS Multiplier(multi-currency contains SGD & USD) account and recently opened a Saxo account(yet to start investing)?

Which roboadvisor allows us to have control over the ETF we want to invest in (for example only wanting to invest in S&P 500) rather than having to go through CDP account and brokerage?

I am new to trading. I am thinking of opening a brokerage account to buy SG stocks. Which are the brokerage firms that offer good trading platforms?

Related Products

Moomoo Singapore

4.7

486 Reviews

From $0

MINIMUM FEE

0.03%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Saxo Markets

4.5

962 Reviews

Syfe Trade

4.9

128 Reviews

Related Posts

Has anyone used YouTrip Credit Card to convert SG dollars to US dollars and used it to fund your US stocks account?

I don’t have a large capital to invest with, but I want to invest in the US stock market (individual stocks). Which is the best brokerage for my situation?

What is the best brokerage platform to start investing in US stocks/UTs? I have a DBS Multiplier(multi-currency contains SGD & USD) account and recently opened a Saxo account(yet to start investing)?

Which roboadvisor allows us to have control over the ETF we want to invest in (for example only wanting to invest in S&P 500) rather than having to go through CDP account and brokerage?

I am new to trading. I am thinking of opening a brokerage account to buy SG stocks. Which are the brokerage firms that offer good trading platforms?

Advertisement