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Anonymous

06 Sep 2020

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General Investing

Would you suggest InteractiveBrokers or StandardChartered for LumpSum investment & DCA (quarterly)? Looking to invest in Ireland Domiciled ETFs but cannot decide between this two.?

Looking to invest in CSPX/VWRA. Will be holding my ETFs for years and not a frequent trader.

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Nicholas Beh

06 Sep 2020

Student Ambassador 2020/21 at Seedly

Interactive Brokers is generally better if you invest 1) monthly, 2) in large amounts or 3) in multiple funds. For your case, a rough approximation of the costs would be 120 USD yearly for IBKR and 40 USD + fx spread for SCB.

Assuming a spread of 0.5%, it would be better to go for IBKR if your yearly investment amount is 16,000 USD, or 4,000 USD quarterly. Otherwise, stick with SCB - your investments will count towards qualifying for Priority status too!

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Frankie Rappaport

06 Sep 2020

Standard Chartered.

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