Anonymous
Hi, I'm interested in investing monthly for IWDA ETF, with a monthly investment of 300 dollars per month, which I plan to increase further once my pay increases. Which broker platform would be the most suitable for my case? I'm looking at SAXO/SCB/IB, but if there are any better platforms pls do recommend! Thanks!
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Interactive broker. Cheap, good and reliable. What more can you ask for??!!
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Gabriel Choo
07 Oct 2019
Finance at University College Dublin
Hi, you can try using Standard Chartered online trading platform. They don't charge custody fees....
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Hi Anonymous!
There are certain factors you should consider while choosing an online brokerage:
Commission Fees based on the Asset Classes
Account Fees
Minimum amount for account
Trading Styles
The key factor would depend on the amount and the trading styles (the amount and the frequency of investing) that you are adopting. I think that Interactive Brokers seem to offer the lowest commission rates at 0.08% of trade value with a minimum order of $2.50 while I think that Saxo's fees are 0.1% for IWDA on the LON. Do keep in mind that Interactive Brokers still have the $10 monthly fee.
You can find out more information on the detailed fees for Interactive Brokers here: https://www.stockbrokers.com/review/interactive...
https://www.home.saxo/en-sg/rates-and-condition...
https://www.interactivebrokers.com/en/index.php...
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