Anyone know the cheapest way to buy US stocks in Singapore? - Seedly
 

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S&P 500 Index

NYSE (New York Stock Exchange)

Asked by Clement

Asked on 18 Jan 2020

Anyone know the cheapest way to buy US stocks in Singapore?

Any website recommend to study the US market? Or anyone I can follow on social media to learn about US stocks? How much are the total charges roughly?

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Lim Chun Long Jimmy
Lim Chun Long Jimmy, Co-founder at PolicyWoke Pte Ltd
Level 6. Master
Answered on 19 Jan 2020

A friend recommended me Jitta ( https://www.jitta.com/ ) to study the US market. They have their own proprietary scoring system (Jitta Line and Jitta Score) to determine if the stock is worth investing or not. Their scoring system was inspired by Value Investing strategy, which is to buy a wonderful company at a fair price.

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Billy Ko
Billy Ko
Top Contributor

Top Contributor (Jan)

Level 7. Grand Master
Answered on 18 Jan 2020

Cheapest way to buy US stocks would be through TD Ameritrade or Interactive Broker. Saxo markets also offer min. USD4 broker fees

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Frankie Aufhauser
Frankie Aufhauser
Level 7. Grand Master
Answered 3w ago

TD Ameritrade is excellent, their fee for U.S. stock/ETF trades

is 0.00 USD (since 10/2019).

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Ming Sheng
Ming Sheng
Level 3. Wonderkid
Answered 3w ago

Guys the cheapest way is free brokerages like Firstrade.com or Robinhood.com

if the question is what is the CHEAPEST, TD IBKR cannot beat FREE trades.

There are downsides. eg. maybe not as fast. cannot do charting. no analyst reports.

but free is free.

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pat
pat
Level 7. Grand Master
Answered on 18 Jan 2020

Buy your US counters from TD or IB. It is very easy to set up an account and it is pretty safe.

I will recommend you to watch their news live, like CNBC/CNN to get the latest news. You should be trading US market while watching/reading their latest news as you are not in USA, you might miss certain news that might impact your counters/market.

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Choon Yuan Chan
Choon Yuan Chan
Top Contributor

Top Contributor (Jan)

Level 9. God of Wisdom
Answered on 18 Jan 2020

Cheapest way will be TD ameritrade or interactive broker. Td ameritrade will cost you about $14-$15 per trade but it is regardless of the trade value. If your contract value is 1 million for that trade, the comission is still about $14-15

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Bjorn Ng
Bjorn Ng
Top Contributor

Top Contributor (Jan)

Level 9. God of Wisdom
Answered on 18 Jan 2020

Hey there, cheapest way to buy would be to open a US brokerage such as Interactive Brokers or TD Ameritrade. Their commissions are 1 USD for IB and 5 USD for TD.

For websites/social media, you can consider using Twitter or Facebook, there are some pages there which are very useful. Most of the forums/blogs I know are geared towards SG market.. So I'm not able to advice much here!

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You can sign up for Standard chartered, interactive broker or TD ameritrade brokerage accounts for low commission in US markets.

As for websites, I follow this blog for US dividend stocks https://www.dividendgrowthinvestor.com/

And https://finviz.com/ for stock charts or news on US stocks.

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SX
Sora X
Level 3. Wonderkid
Answered on 18 Jan 2020

Citibank is easiest for US stocks.

Download CNBC App for news, you can also try Etoro if you’re looking to copy trade socially.

Everything else can be Google -.,-

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