What brokerage account do you use for london stock exchange? - Seedly
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Anonymous

Asked on 03 Jul 2020

What brokerage account do you use for london stock exchange?

I see many blogs talking about brokerage acc for US stock exchange but not London exchange. I will rather invest in london stock exchange due to the lower withholding tax.

What brokerage account do you use to invest in london stock exchange?

Most brokerage acc for london stock exchange have high custodian fee and inactivity fee.

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Frankie Rappaport
Frankie Rappaport
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Top Contributor (Jul)

Level 9. God of Wisdom
Updated on 03 Jul 2020

%fee & minimum fee

Interactive Brokers 0.05% 1.25 EUR

SAXO Markets 0.10% 10 EUR

Standard Chartered 0.25% 10 EUR

Maybank Kim Eng 0.30% UK 20 GBP

KGI Securities 0.50% 70 EUR

OCBC Securities 1.00% 60 EUR​​​

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Question Poster

04 Jul 2020

Thank you so much. IWDA is in USD not in pounds/euro, how is the minimum fee calculated?
Frankie Rappaport
Frankie Rappaport

04 Jul 2020

Possibly for fee calculation they refer to the USD value in EUR or GBP. I feel, if you are an ultra-longterm investor, as you should be, the buying fee should not be so relevant. If I would be living in Singapore I would choice Standard Chartered. I'm also sure that over time the fees generally will drop a lot because of competition. TD Ameritrade already charges 0.00 USD per trade of stocks/ETFs.