facebookSeeking advice on whether there should be a single platform for investing in stocks/ETFs (local/overseas), and which is the best broker? - Seedly

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Anonymous

01 Mar 2020

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General Investing

Seeking advice on whether there should be a single platform for investing in stocks/ETFs (local/overseas), and which is the best broker?

Any advice on saxo vs IB, and whether its risky to use a non-SG broker? The fees are quite complicated and i'm not sure if there will be hidden fees. (So far, i see that there are trading fees (per trade) and monthly maintenance (?) fees.

Also, what is a good amount for a single stock to diversify my portfolio? How do i start diversifying when i have yet to invest?

Any other tips for beginners? especially if per trade will likely be < 10k, total portfolio < 100k for the next few years..

Discussion (1)

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POEMS (my only first hand experience with Singapore broker) is a very good choice.

For better exposure to the U.S. markets TD Ameritrade: no (!) fees for ETFs and U.S. stocks, nor account maintenance or inactivity fees , very good and safe add-on option (15-30% withholding tax in dividends however)​​​

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