facebookWhich brokerage to use for DCA into VRWA? - Seedly

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Anonymous

06 Sep 2021

General Investing

Which brokerage to use for DCA into VRWA?

I intend to DCA around S$1,000 monthly into VRWA. I have an existing SaxoInvestor account (currently using their RSP) - would using Saxo be fine or should I open an IBKR account?

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Saxo Markets

07 Sep 2021

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Nicholas Beh

Edited 07 Sep 2021

Student Ambassador 2020/21 at Seedly

Please open an IBKR account! Saxo is very expensive. Off my head, Saxo charges the following fees:

  • Custody fee: 0.12% p.a.
  • Currency conversion: 0.75% or 0.3% for sub-account transfers
  • LSE minimum commission: 8 GBP

On IBKR, commissions for LSE (where VWRA is listed) start at around 2 USD on the Tiered pricing structure, plus another 2 USD for currency conversion.

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