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Anonymous

13 May 2020

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General Investing

Which broker has the lowest fees if I am looking to do a lump sum investment ($10k~) and then hold?

Typically looking at ETFs such as VUSD/IWDA/CSPX. I have heard recommendations about Saxo and TD Ameritrade, but I'm not sure which of these brokers will suit my needs better. Also, how do these ETFs compare with S27? Thank you in advance!

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Jacob

22 Apr 2020

Hi Anonymous, I would have recommended Interactive Brokers due to their low fees (~US$1 per trade) as well as spot FX rates. However, they do charge US$10 per month if your account holdings is lower than US$100k. Hence if you are looking to do a lump sum every month, this may work for you. Otherwise, you may look to Saxo and TD Ameritrade.

As for the ETFs comparison, Kenneth did up a pretty good response here: https://seedly.sg/questions/what-is-the-differe...

Hope this helps!

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Frankie Rappaport

22 Apr 2020

TD Ameritrade and Charles Schwab U.S. branches have 0.00 USD.

Nowadays the commissions with the relevant online brokers are so relatively low that (almost) they are no longer a consideration from a practical view (exception: very low investment sums)

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