What brokerage do you recommend to invest into the Vanguard S&P 500 UCITS ETF?

Hi, this is a silly question but I can't find much information on what is the best brokerage to invest into the ireland-domiciled Vanguard S&P 500 UCITS ETF.

Currently I have only invested via DBS Vickers into the local stock market. I would like to invest about $7000 into the Vanguard S&P 500 UCITS ETF, and will be investing about $500-$1000 per month from there on.

TIA!

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thefrugalstudent

06 Jul 2021

Founder at thefrugalstudent.com

Hi Anon,

Investing in Ireland domiciled ETFs in Singapore is generally expensive because of broker fees, even though the ETFs themselves are 'superior' to their US domiciled counterparts.

There are 3 options: IBKR, SC Online, and Saxo.

IBKR charges a monthly fee of 3 USD if you're under 26, and 10 USD otherwise.

Saxo charges an annual fee of 0.12% of assets, charged monthly.

SC Online charges no recurring fees.

Between the 3, IBKR has the lowest commissions (1 GBP I think) while the other 2 have fairly similar commissions of about 10 GBP.

The cheapest way to invest in Ireland domiciled ETFs would thus be if you're under 26 and go with IBKR. Otherwise, I'd personally go with SC Online, but stick to quarterly DCA instead of monthly to minimise commission fees.

Alternatively, you can choose to invest in US domiciled ETFs. I'm personally doing so, and I wrote an article about why I'm not investing in Ireland domiciled ETFs at the moment, even though I agree that they are the better investment for the long term. You can check it out if you're interested!

https://www.thefrugalstudent.com/why-im-not-inv...

Hope this helps!

Regards,
thefrugalstudent

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