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Anonymous

29 Nov 2022

∙

General Investing

Which broker should I choose for US stocks?

I would like to use a broker that has Dividends Reinvestment Programme, DRIP. that doesn't charge commission for it.

I'm currently using Syfe Trade, but there isn't DRIP. But im satisfied with their service.

I saw online that TD Ameritrade offers DRIP at no cost. I would like to find out your views about it.

Should I stay with Syfe Trade or use TD ameritrade?

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Justin

01 Dec 2022

Content Strategist at Seedly

If you're using Syfe Trade, remember that you will lose out on FX spread. You'll be paying more to convert your SGD to USD. I'd recommend IBKR instead.

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Financelearner

29 Nov 2022

You need to be aware that TD Ameritrade charges US$25 per withdrawal.

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