Anonymous

23 Nov 2021

∙

General Investing

What is the most cost effective trading platform for US market such as etf which plan to hold long term?

Current shortlisted IBKR and poems. Please share with me if there is any other better option.

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Jovan Lai

24 Nov 2021

TD Ameritrade. Literally free. 0 Comissions for US listed ETFs. fantastic spreads and competitive FX rates. No custodian fees.

No monthly fee for live data unlike others like IBKR

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Tan Choong Hwee

Edited 23 Nov 2021

Solutions Specialist at Providend

IBKR would be more cost effective for US stocks/ETFs. Their tiered pricing is USD0.0035 per share, min USD0.35.

POEMS currrent promo rate is USD3.88 flat. Could be lower cost if you purchase more than 1108 shares.

TD Ameritrade would be cheapest with their zero commission for US stocks.

Other low cost US stock brokers are Tiger Brokers and Futu Moomoo.

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