facebookWhich is cheaper to DCA $200 per month into ETFs over 20 years, FSMOne RSP or Tiger Brokers? - Seedly

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Anonymous

21 Jun 2021

βˆ™

General Investing

Which is cheaper to DCA $200 per month into ETFs over 20 years, FSMOne RSP or Tiger Brokers?

Hi everyone, I'm a new investor here and been wanting to DCA into ETFs long term. A bit confused about the fee structures, which exactly is cheaper for US ETFs? Or are there better options out there? TIA!

  • Tiger Brokers: US Stocks & ETFs 0.01USD/Share (minimum US$1.99/order) on ETF trading
  • FSMOne RSP: Buying Fee: 0.08% or min SGD 1, HKD 5, USD 1, whichever is higher

Discussion (5)

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Chris

Chris

21 Jun 2021

Owner and Writer at Tortoisemoney.com

For $200 a month, you'll incur the minimum for both. So for Tiger that'll be USD 23.88 (plus taxes) and for FSMone, that'll be USD12 (plus taxes).

Note that for selling on FSMone, you'll incur their normal selling charge (Min USD8.80) but if you're long term then no issue.

Also note that both incur the 30% dividend withholding tax since you're purchasing US ETFs.

I would say both these options are feasible and are quite low cost already. That said, on $200 a month, these comms are about 1-2% of your investment value. As such, you might want to scale up your investment (if possible) or DCA less frequently (under tiger) to maximise the comms.​​​

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