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Anonymous
VTI/VOO: Which Brokerage for lowest fees?
Am looking to purchase VOO or VTI for the long-term and was wondering if anyone knows which brokerage charges the least in terms of commission and custodian fees?
I have a Saxo account currently and am wondering if I should just go ahead and purchase VOO/VTI there or if there might be 'better' lower custodian fee/commission options for the long run. Thanks.
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thefrugalstudent
Edited 21 Jul 2021
Founder at thefrugalstudent.com
Hi Anon,
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Please do not use your Saxo account anymore - it's considerably expensive in today's context of brokers. If you're interested in investing in US ETFs, you can consider using TDA if you're able to get an account opened - they take ridiculously long to process account openings.
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Otherwise, IBKR is the next best bet with lowest commissions (0.35 USD/trade) and spot FX rates with no custodian fees.
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Hope this helps!
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Regards,
thefrugalstudent
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I am not too sure about Saxo but you can take a look at TDA/IBKR or Tiger.
TDA has 0 commission fees...
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Should avoid them if staying long term. Dividend tax will hurt you