Asked by Anonymous

What apps do your use to trade in overseas stocks? ?

I've heard of interactive brokers but it's a bit too much for me, I'm looking for a simpler interface, something similar to etoro. And also withdrawal is easier. Lastly the fees are reasonable etc

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  • Jonathan Chia Guangrong
    Jonathan Chia Guangrong, Fund Manager at JCG Fund
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    Top Contributor (Feb)

    391 Answers, 552 Upvotes
    Answered on 20 Feb 2019

    Td Ameritrade has a great app for trading US stocks and options. I use it more for the latter though. Easy to use

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  • Leonard Tan
    Leonard Tan
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    Top Contributor (Feb)

    97 Answers, 151 Upvotes
    Answered on 20 Feb 2019

    Saxo is pretty good with fairly competitive commission charges .

    Robinhood- if I am not wrong works with a different business model and is capturing market with 0% commission rates. Tried creating an account there last time but I had to use foreign banks to do so. Not sure if its more SG friendly now.

    This page aggregated commission charges pretty well. Be sure to check for the markets you want to trade in

    https://www.valuechampion.sg/average-cost-online-brokerages-singapore#nogo

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  • Nicholes Wong
    Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
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    Top Contributor (Feb)

    404 Answers, 543 Upvotes
    Answered on 11 Jan 2019

    etoro is CFD (contract for difference) totally different from normal stocks. Dont anyhow buy when you not sure. Do your research properly before you buy. You can use standard chartered to buy overseas stocks.

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  • Vineeta Sonone
    Vineeta Sonone, Financial Assistant at Multi Management & Future Solutions
    50 Answers, 54 Upvotes
    Answered on 10 Jan 2019

    Never tried any app for stock trading but I have heard a lot about Robinhood app from my friends who have used it for stock investment. btw, here is a useful resource to check out some of the best stock trading apps available for traders - https://www.mmfsolutions.sg/blog/best-stock-trading-apps-2018-trade-smartly/

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