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Anonymous
Which is the better broker for US market - Standard Chartered VS Tiger Brokers VS Saxo?
I realised:
a. It's free to transfer USD from Standard Chartered (which I use) to POEMS. However, POEMS charge US$6.88 per trade, which is not cheap.
b. Tiger Brokers has a great commission rate of US0.01 per share with minimum US1.99 per trade, but there are fees of ~US60 or more to transfer USD from Standard Chartered into Tiger Brokers.
c. Saxo has annual platform fees annually to hold US stocks - feels like the fees will stack up.
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Rahul Wadhwa
31 Dec 2020
Student Ambassador 2020/21 at Seedly
Hi Anon,
It depends on a couple of factors:
Live data: Like Jesslyn has mentioned, Standard chartered and saxo do not provide live data, but tiger brokers does.
Fees: I think you have a rough idea of the fees, and your main concern seems to be the wire transfer fees. I would reccomend opening a DBS multi-currency account (it's free), that way you will not incur the wire in fees with tiger. Tiger also does not have custodian fees.
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Standard chartered is expensive and i don't think they provide live data. Tiger brokers has cheaper ...
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