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Lim Wee Wen
14 Sep 2020
Business Administration at National University of Singapore
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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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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!