Should I DCA into ETFs via Interactive Brokers?

If you have $10k investment capital, you are subject to monthly minimum $10 charges for IBKR. If your monthly DCA amount generate less than $10 commission, you will be charged the shortfall to make it up to $10.

So, it may be better to use Tiger or MooMoo.

Hi Anon,

I think it depends how old you are. If you're about 23 years old, then IBKR would be a fine choice. The monthly inactivity fee would only be 3 USD, which is still ok if you're planning to DCA monthly because the comms will be low. There's a decent runway for you to build your portfolio up (4 years until you're older than 26) towards the $100k USD AUM target for IBKR.

If you're slightly older, around 25, then I think it'd be better to go with Tiger/Moomoo. You don't want to be paying the 10 USD monthly fee for IBKR, and chances are you won't be able to hit $100k USD to waive it too soon, unless you earn a really high salary and save a lot. When going with Tiger/Moomoo, you may want to invest every 2-3 months instead of every month to save a bit on commission fees.

Even if you don't use Moomoo/Tiger, you should still take this chance to open an account with them for the ongoing sign up rewards (free Apple share/free Disney share) if you don't already have them.

Feel free to use my referral links below!

Moomoo: https://j.moomoo.com/0054kc
Tiger: https://www.tigerbrokers.com.sg/activity/forapp...

Hope this helps & all the best!

Regards,
thefrugalstudent