Which online brokerage is the cheapest for irish-domiciled for young investors with small capital looking to buy and hold?

Hey anon!

Like Jon mentioned IB have spot rate for forex exchanges. They charge a 10USD per month for any inactivity and when your commission paid to them is lesser than that. Eg. you pay comission fees of 7USD this month, you will be charged an addtional 3USD at the end of the month.

The good thing I would say for IB is that there's no maintainence fees nor yearly holding fees. Their comission rate is also the lowest in the market. It's free when you're a US resident too.

As for SCB or Saxo, I have not used them before. kristal.AI is good when they have the ETFs you are looking for. It's free for account below 50,000USD.

If you are 25 or below, the minimum monthly commission on IB is 3 USD. Otherwise, 10 USD a month. Apart from that, they have one of the most competitive commissions and forex rates.

SCB is a good option with no monthly minimums, but loses out on commission and forex.

Do make calculations on the amount you are going to invest every month and see which option is better for you.