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Anonymous
What broker is best or cheapest for monthly ETF investment?
Hi everyone! I'm going to start my investment journey. I plan to invest in certain LSE-listed non-US-domiciled ETFs that track popular indices like NASDAQ-100, MSCI, etc.. I will commit about SGD $1,000 monthly to these ETFs as a start. I am investing for long-term growth instead of income-generating and will choose accumulating ETFs, so dividend handling charges by the broker is not a concern for me.
I found that Interactive Broker (IB) is most suitable for my case. What are your thoughts?
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Zachary Teo
07 Jul 2020
Art Director at Ad Agency
Hey anon! I am using IB for my investment too. I am currently trading leisurely on the app and also holding long for my ETFs and stocks. Do note that they have a monthly of $10USD inactive fees when you don't hit the minimum commission fee of 10USD.
If you are okay with the extra sum that you have to pay for the monthly fee, I believe it is currently the most stable platform in the market. They have a super diversified ETFs and stock options too.
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Tan Wei Ming
07 Jul 2020
Founder and Writer at Frugal Youth Invests
Yes. Interactive Broker will be recommended as it is more reputable but if you like to try, you can ...
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You'll find fee infos of 5 European ETF trading brokers within the linked text, but check well any upcoming changes to their fees & charges. I feel that also for Singapore there will be constant lowering of trading fees in the future.
https://seedly.sg/questions/what-is-your-genera...