Posted on 01 Aug 2020
Recently signed up for Tiger Brokers and was wondering how they provide relatively low costs despite being quite new / unestablished in the scene. Could anyone also share their experiences with using the service?
Tiger Broker is low fee
TD Ameritrade, Charles Schwab and others are no fee (at least for U.S. markets).
Maybe the tiger is laid to rest forever, given the current TD A initiative also on the Singapore markets expected from 03.08.2020 = next Monday.
That said, in mainstream online brokering also in singapore, the trading fees are already so acceptably low generally that the choice of your broker has to acknowledge other facets:
intial deposit minimum
account maintenance fees
TD A has already reached the best for retail investors: no fees, they could cover more markets, however
I want to make the unthinkable bet: that we will be seeing times, when we even get paid (lowly) when we do a trade (could happen with advertisements on trading or other fintech pecularities...)
03 Aug 2020
No offense to Tiger Brokers meant here. only, competition is strong. At this point the U.S. brokers only can charge zero trading fees for U.S. stocks/ETFs/options, they get their income not from trading but from order flow directing. I expect also the Singapore (and other markets) fees to drop, hopefully to 0.00 SGD, although as said mainstream SG broker fees are tolerable. ticker TIGR: https://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=TIGR&uf=0&type=2&size=4&sid=132023674&style=330&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=20&rand=1257717338&compidx=SP500&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=635&width=1045&mocktick=1
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