Cheapest Broker to invest into london stock exchange

Hi Ze Yi,

Yes, IBKR is currently the cheapest broker for investing in LSE.

Commission fee - I believe it's about min 1.70 USD for tiered pricing for USD denominated stocks on LSE

FX fee - min 2 USD for currency conversion

With a DCA amount of $250/month, you'll be paying quite a lot in fees if you convert your SGD to USD every month. One way to reduce this is to DCA quarterly (and convert). Alternatively, you can also convert your SGD in a multi currency account like DBS Multiplier and remit your USD directly into your account. Even though the FX spread is poorer than IBKR's, this will cost you less than the conversion fee.

Hope this helps!

Regards,
thefrugalstudent

IBKR is probably the cheapest broker for USD-denominated stocks listed on LSE:

https://seedly.sg/questions/cheapest-broker-to-...

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Commision 0.05% of trade value, min USD5 per order.