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Investments

StashAway

Syfe

Robo-Advisors

Online Brokerages

For Syfe & Stashaway, are the returns shown on the app net of the fees charged?
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 9h ago
Yup!
👍 2

Investments

Online Brokerages

Interactive Brokers

How much is the cost fees to buy IWDA on ibkr?
Nicholas B
Nicholas B
Level 5. Genius
Updated 1h ago
IBKR does publish the commission rates on their website - it is under USD-denominated products in the Europe section. Tiered is better for most people. You will incur the following fees: - Currency conversion: 0.002%, min 2 USD - Commission: 0.05%, min 1.70 USD, max 39.00 USD - Exchange fee: 0.0045%, min 0.10 GBP - Clearing fee: 0.06 GBP For your case, you will incur 3.70 USD + 0.16 GBP in fees, which certainly is cheaper than the 5 USD fixed commission.
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Investments

FSMOne Fundsupermart

Syfe

Robo-Advisors

Online Brokerages

Which is more cost efficient or rather cheaper? RSP via FSMone or RSP via Syfe equity100?
S
Syth
Level 3. Wonderkid
Answered 4d ago
Depends on your capital/dca sum, generally the higher the sum is, the more expensive robo-advisors become. But it also depends on how many funds are u looking at. Generally, you dont get to choose the funds by robo-advisors.
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Investments

Online Brokerages

Just started using IB a month ago. Was going to make my monthly investment ytd when i realised that my USD.SGD i bought last mth to convert my sgd funds is an open position?
Nicholas B
Nicholas B
Level 5. Genius
Updated 5h ago
It's a virtual FX position, which is automatically generated when you use IDEALPRO. Unless you're doing forex trading, you can just ignore it and just refer to your account balance instead. To avoid creating virtual FX positions in the future, use FXCONV instead of IDEALPRO when converting currency (on TWS). On mobile, using the currency converter tool will not create a virtual position as well.
👍 1

Investments

Online Brokerages

Standard Chartered Online Trading

ETF

Interactive Brokers

Is SCB or IB cheaper if I'm going to DCA every quarterly, S$2500 every 3months into IWDA? I just turned 21yo, so I'm allowed to apply SCB, and below 25yo so monthly activity fee on IB is $3. Any advice?
JG
Joey Gaeth
Level 5. Genius
Updated 1w ago
I'll be referencing using investmentmoat's excel sheet in which he has very detailed compared scb (personal&priortiy) vs ibkr (tiered&fixed). Note that frequency is put as 3, meaning every 3months according to your situation, and 1 meaning monthly. https://investmentmoats.com/money/competitive-interactive-brokers-commissions-pricing-monthly-activity-fee/ In your case, SCB is definitely gona be cheaper if u DCA S$2500 every quarter compared to IB. ! However, if u were to DCA $850 every month, IB will be cheaper. ! In summary, i'd suggest doing quarterly because your percentage of fees paid is lower. Go with SCB.
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Investments

Online Brokerages

TD $0 commission on US online stock and ETFs seems too good to be true. Is there any hidden fees? How do they earn with this business model?
Nicholas B
Nicholas B
Level 5. Genius
Answered 8h ago
TDA and many other fee-free brokerages make money off $0 commission trades through order flow execution, where they receive a small payment for routing your order through a wholesaler. You can find this information in each broker's SEC Rule 606 disclosure report. This may be disadvantageous to you, especially if you are executing large orders. In this case, you may want to consider other brokers such as IBKR Pro that do not receive payment for order flow execution and pride themselves on having significantly better price improvement than the industry average.
👍 1

Investments

Online Brokerages

Value Investing

Dividends

What is the most affordable way for small capital retail investors to invest in the London stock exchange? Which platform would be good?
Nicholas B
Nicholas B
Level 5. Genius
Updated 7h ago
For LSE, your options are limited. Most commonly recommended are Standard Chartered and Interactive Brokers. Standard Chartered has higher forex spreads and commission as compared to Interactive Brokers. However, Interactive Brokers charges $10 minimum commission monthly if your AUM is below 100k USD, which can add up if you are a smaller investor. There's Saxo but their 0.75% currency conversion fee and 8GBP minimum commission makes it hard to recommend.
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Investments

Online Brokerages

Stocks Discussion

Insurance

I am 36 yrs old. I have no debts and have emergency fund for 6 - 12 months and i have insurance to cover medical emergency for me and my family. How would u go about investing 100k?
ATJY
ATJY
Level 5. Genius
Answered 22h ago
It would be much clearer if you provided additional information. However, based on the information you've provided, I'd recommend that you set aside majority of your money into either robo-advisers and ETFs. That would be your base allocation. Thereafter, if you have the time to read up, I'd suggest that you look into SG REITs as it may be an area that's easier to understand for anyone without prior knowledge. Additionally, REITs provide pretty good income in stable dividends while also having the potential of capital appreciation. I'd also add stay off hospitality reits in the meantime. This remaining portion should be set aside as your tactical allocation where you pick certain stocks you fancy or are more interested in. Hope it helps!
👍 1

Investments

ETF

Online Brokerages

Thinking to buy into ARKG and ARKF ETF. Do you recommend doing DCA every month about $200 each? Or is it better to do it every quarter ($800)? Which is a better platform to do it?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered 19h ago
They are risky and actively managed. the cheaper your broker, the less important the trading intervalls. the optimum interval spacing is also dependent on Your absolute trading amounts. TD Ameritrade Singapore branch with currently 0.00 USD trading fees since 03.08.2020 would be Your broker of choice currently. with 0.00 fees, You can buy whenever you want.
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Investments

Online Brokerages

Stocks Discussion

ETF

Interactive Brokers

I am trying to buy the USD-denominated EQQU ETF on the LSE thru IBKR, however, only the ticker EQQQ1 listed on Swiss exchange shows up even though i didn't enable this market. Are they the same ?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered 20h ago
The same ticker should be the same equity however, the stock exchange fees (& trading fees) could be higer at Zurich
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