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Anonymous

17 Jan 2021

∙

General Investing

Any advice which platform to invest in US Equities, ETF besides iFast?

Planning to start investing in US Equities, ETF with managed account probably start $100,000.

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Jovan Lai

17 Jan 2021

TD Ameritrade. Literally 0 commissions

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Rahul Wadhwa

15 Jan 2021

Student Ambassador 2020/21 at Seedly

Hi Anon,

iFast is listed on SGX, but for US Equities you can check out TD Ameritrade, Tiger Brokers and IBKR.

TD Ameritrade has 0 comissions but has a long wait to get your account opened (I heard it's about 3 months), and has a 25 USD withdrawal fee. The FX rates are not too bad, they use DBS' Treasures rate.

Tiger Brokers has a min fee of USD1.99, and a new DDA program with DBS that makes it convenient to deposit/withdraw funds. FX cost is roughly 0.3-0.4%.

IBKR has a maintainence fee (which will be waived for AUM 100k, which seems to be your case), has the best FX rates.

All are licensed by MAS.

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