13 May 2020
Which Broker platform to use for long term US ETF trading total amount less than US$100,000?
12 Oct 2021
ownself at ownself
Please look at Saxi or TD for your profile
Hey Anonymous, since you are looking to hold for a long duration of time, it is vital to minimise the costs which could be transaction fees, management fees, amongst others.
Interactive Brokers could be a good choice, if not for the fall below fee and your restriction of having a total amount of less than US$100k. They charge around USD$1 per trade, and they use spot rates for their FX. Hence both could help you save quite a bit.
Keeping in mind the fact that you're looking at a total of less than US$100k, perhaps Saxo or TD could be a better choice if you do a simulation of your costs over the 5 years.
25 Apr 2020
Financial Services Consultant at Colin Lim
Interactive broker to me is good and affordable....
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