How do i go about trading on NASDAQ? - Seedly
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Anonymous

Asked on 07 Dec 2019

How do i go about trading on NASDAQ?

I want to trade on overseas exchange, which brokerage firm offer such products?

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Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 07 Dec 2019

Just open up interactive broker or Tdameritrade account will do!

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Daryl Liao, Fti
Daryl Liao, Fti
Level 7. Grand Master
Answered on 07 Dec 2019

Most brokers have access to US markets.

some of the local brokerage include: SCB, DBS, KGI, POEMS, CIMB And FSM.

Overseas Brokers are abit cheaper but I only used Interactive Brokers and Think or Swim.

IB is cheaper but the user interface pretty laggy.

TOS is my choice to trade options and stocks as it's seamless. But you pay abit more per trade.

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Hi anon,

You'll need to open a brokerage account with a broker that has access to the US market. Plenty of brokers in Singapore can offer that, e.g. DBS Vickers, POEMS, etc.

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Jonathan Ang
Jonathan Ang
Level 7. Grand Master
Answered on 08 Dec 2019

I use interactive brokers :)

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Bjorn Ng
Bjorn Ng
Level 9. God of Wisdom
Answered on 07 Dec 2019

Hey there! For local firms, you can consider Stand Chart, POEMs, or FSMOne.

If you will be consistently trading on overseas exchange, I would recommend using IB though. It covers almost all exchanges in the world including SG (but we can't buy SG stocks through there), at just 1USD comms!

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You can consider IB or TD ameritrade. I prefer TD because their UI UX is better

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Bibiana
Bibiana
Level 7. Grand Master
Answered on 07 Dec 2019

FSMOne! It is the cheapest!

Or IB / TOS!

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Eric Ong
Eric Ong, Project Analyst at 8Bit Global
Level 6. Master
Answered on 07 Dec 2019

Just start a brokerage Account with the US Brokers like TD Ameritrade or IB

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Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Updated on 16 Dec 2019

OPen a local brokerage, sign the paperworks and trade

However, i would recommend opening those foreign ones such as Td ameritrade or IB, sign the paper work and trade. Its cheaper​​​

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Billy Ko
Billy Ko
Level 7. Grand Master
Answered on 19 Jan 2020

You'd just have to open a brokerage account that has access to the US markets and you're ready to go! Just remember to put the fees and commissions into consideration. Some platforms are better for traders whereas some would suit investors more

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Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 19 Jan 2020

I am a big bank of Saxo. Their app is pretty nifty and gives very good data.

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pat
pat
Level 7. Grand Master
Answered on 19 Jan 2020

Sign up for an account with TD or IB.

Sign up for live news feed so you can watch their news live

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C
Carl
Level 3. Wonderkid
Answered on 08 Dec 2019

Most of the local brokerages allow you to trade US stocks.

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JC
Jon Chua
Level 4. Prodigy
Answered on 08 Dec 2019

Actually you can use many brokerages to trade on NASDAQ.. Even Stand Chart or DBS can.. But I recommend using Interactive Brokers because of their fees.. Just $1 comms!

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 9. God of Wisdom
Answered on 07 Dec 2019

Td Ameritrade and interactive brokers will allow you access to the US market. Personally I use Td Ameritrade which has a robust and straightforward platform with powerful charting tools. No hidden fees, no minimum monthly comm and no need to subscribe for live data. Avoid the local brokers as they charge an arm and leg in commissions to access the US market.

Td has an office here at Millenia Tower so you have access to local support if needed.

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