facebookHi, I have a few US stocks through Vickers and am a buy and hold casual investor. Is it worth while transferring my portfolio to Saxo to avoid custodian fees? Thanks, any advice? - Seedly

Anonymous

11 Aug 2020

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General Investing

Hi, I have a few US stocks through Vickers and am a buy and hold casual investor. Is it worth while transferring my portfolio to Saxo to avoid custodian fees? Thanks, any advice?

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Hi,

There are custody fees for Saxocapital just FYI. Brokers have to earn money in some way. They usually charge custody fees, inactivity fees, live data fees etc to name a few. Always look through the fees on their website to get a better idea

Also note that transferring your stocks from a CDP to Custodian Account will require a transfer fee per counter. Do take note of that as it will erode away from your current value

Hope that helps

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You could open an account with TD Ameritrade Singapore branch

0.00 USD fees on trades of U.S. equity and no important other fees​​​

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