facebookWhich brokerage should i use if i would like to invest in US stocks? Currently i have about SGD200-300 of spare cash every month to invest and not sure which brokerage will have lesser fees.? - Seedly

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Which brokerage should i use if i would like to invest in US stocks? Currently i have about SGD200-300 of spare cash every month to invest and not sure which brokerage will have lesser fees.?

Discussion (2)

What are your thoughts?

LW

Lim Wee Wen

14 Sep 2020

Level 4·Business Administration at National University of Singapore

Hello!

I was in your position as well and I chose interactive brokers as my preferred brokerage. Commission for IBKR is capped at USD1 which makes investing in US stocks very affordable. You can even toggle between their tiered commission structure and fixed commission structure. Based on the amount you've mentioned, a tiered commission structure might be more suitable as that would bring your commission fee down further! Here's a link to the IBKR website with more details. https://www1.interactivebrokers.com/en/index.ph...

Hope this helps!

So far from what I've heard the free platform to use would be TD ameritrade. But the waiting time to get approved is super long. Can be up to 3 months. Alternative would be either tiger broker or interactive brokers.

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