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Anonymous

16 Oct 2020

∙

General Investing

What do I need to know before setting up an online brokerage account? Which is your favourite broker and why? I still can't decide on one, any advice?

I am starting on my investing journey and really find out more about investing through a crowdsourcing platform like Seedly.

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Jovan Lai

16 Oct 2020

Depends on what markets you want to invest in.

I only buy products offered in US markets so TD Ameritrade is wonderful for me with 0 commission fees. Be it Chinese ETFs/companies or US ones, those are offered. I really like it a lot.

If you want a more international broker, Interactive brokers offers that, Saxo markets as well.

Look at commission fees and credibility of broker

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myfinancemarathon

16 Oct 2020

For myself, I use DBS Vickers to buy my SG stocks at S$10 and use FSMone to sell my SG stocks at S$10. For US stocks, I am currently using TD Ameritrade which provides commission-free trades.

Before you set up an online brokerage, here are some factors you can consider.

CDP vs Custodian

Brokerage fees

Accessibility of markets and products

User experiences

Reputation

I elaborated more on each point on my blog.

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Chan Ze Ming

16 Oct 2020

Accountancy and Finance Student at Nanyang Polytechnic

Hello!

Urmm not sure how to say what you need to know but in my own experience, you need to first h...

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