Anonymous
I finally planning to hold one or two US stocks with DCA of 1k every 6 months but I heard that most brokerage will incur a lot of fees if you don't trade much/monthly
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Lin Yun Heng
01 Jan 2021
Senior Analyst at Delphi
I wrote this on another question but here goes again:
I have been an advocate of Firstrade for the entire year now. Can attest that it has the following:
Wire transfer via Stan Chart/DBS/POSB have $0 remittance fee charges, and will be in the Firstrade account in 1 day (or less)
FREE Morningstar Premium for ALL US Stocks/ETFs
Free Options Trading/Stocks Trading with no commissions fee
Sleek UI on their phone and tablet app, I was mindblown when I used it. Need to use them yourself you will be amazed.
Trade execution is almost 0 seconds. Again a mindblowing feature (makes SG brokers look like a joke/dinosaur)
Got option for you to opt for Margin account, which is where they earn their revenue. Use CASH ACCOUNT if you want to use everything for free.
Customer Service reply speed is extremely quick. Been using their service since March 2020.
I wrote an article here about Firstrade and you may want to find out more here
There is no other broker that even comes close. I can attest this myself because I personally tried both brokers you mentioned and found Firstrade to be the best for US stocks.
TD on the other hand, has a painful and long sign-up process which really disappoints me because it had so much potential. It took nearly 5 months to sign up even after completing the MAS knowledge quiz, and also the platform is pretty clunky and not suitable for most beginners, hence making Firstrade a much superior option.
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The best would be TD Ameritrade, 0 costs for buying/selling stocks, though if you open an account no...
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