facebookWhat brokerage(s) do you use for your monthly DCA into ETFs, and why? - Seedly

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Anonymous

06 Sep 2021

General Investing

What brokerage(s) do you use for your monthly DCA into ETFs, and why?

Looking at IBKR... or Tiger... but nothing set in stone.

about 500-1000 a month, no lump sum in the beginning. not sure what is the best brokerage for monthly DCA into US ETF. potentially considering ETFs domiciled in Ireland or China in the future.

Discussion (4)

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If you're looking for access to LSE, then IBKR. Tiger & IBKR both have their pros & cons. Tiger has a much better UI, community feature, live market data & the fees are still competitive though IBKR's still unbeatable. IBKR on the other hand has better fees, access to LSE, fractional shares & a better currency conversion rate but I personally really dont like their UI & they dont provide live data. The customer service experience isn't the best too.

Do consider IBKR's tiered pricing. 40cents per share for US stocks is hard to beat. Also they allow frational shares for US markets. IBKR also has the widest selection of exchanges among low-cost brokerage firms.

If you are considering irish-domiciled ETFs, I'd definitely go with IBKR. After the removal of the m...

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