Investments

Asked by Anonymous

Updated on 18 Apr 2019

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
Level 6. Master
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,
Level 6. Master
Updated 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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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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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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