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What's the catch with low fee / no fee brokerages like Tiger Brokers?
Recently signed up for Tiger Brokers and was wondering how they provide relatively low costs despite being quite new / unestablished in the scene. Could anyone also share their experiences with using the service?
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Tiger Broker is low fee
TD Ameritrade, Charles Schwab and others are no fee (at least for U.S. markets).
Maybe the tiger is laid to rest forever, given the current TD A initiative also on the Singapore markets expected from 03.08.2020 = next Monday.
That said, in mainstream online brokering also in singapore, the trading fees are already so acceptably low generally that the choice of your broker has to acknowledge other facets:
markets covered
intial deposit minimum
inactivity fees
account maintenance fees
TD A has already reached the best for retail investors: no fees, they could cover more markets, however
P.S.:
I want to make the unthinkable bet: that we will be seeing times, when we even get paid (lowly) when we do a trade (could happen with advertisements on trading or other fintech pecularities...)