Sivla Oen - Seedly
Seedly logo
Seedly logo
 
Sivla Oen

Sivla Oen's profile is not filled up yet.

Sivla Oen

About

Sivla Oen's profile is not filled up yet.

Credentials

Sivla Oen's credentials are not filled up yet.

Sivla Oen

  • Answers (1)
  • Questions (1)
  • Reviews (3)

Investments

Online Brokerages

Standard Chartered Online Trading

ETF

Interactive Brokers

Is SCB or IB cheaper if I'm going to DCA every quarterly, S$2500 every 3months into IWDA? I just turned 21yo, so I'm allowed to apply SCB, and below 25yo so monthly activity fee on IB is $3. Any advice?
Sivla Oen
Sivla Oen
Level 3. Wonderkid
Answered 4d ago
IB all the way. SCB has minimum comm fees of $10 at 0.25% of trade. And charges horrendous FX spreads of atleast 0.8% this means you lose an additional $20 for every trade of S2.5k (if in a foreign currency). IBKR on the other hand charges close to spot rates (like google conversion). That's on top of the terrible lack of service from SC Bank - don't even bother really. Worst mistake of my investment journey - They have incredibly inflexible custodian structures that prevents you from transferring your securities should you decide to switch brokerage.
ūüĎć 0
Level 3. Wonderkid
15PointsGoal 40
25 POINTS TO LEVEL UP
Browse Rewards