What's the most cost effective way to invest in Ireland domiciled ETFs? Best brokerages to do this? - Seedly
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Anonymous

Asked on 20 Nov 2019

What's the most cost effective way to invest in Ireland domiciled ETFs? Best brokerages to do this?

I've heard of Interactive Brokers. I understand most think of them as the cheapest option.

Also just heard of Ameritrade/ Thinkorswim. Would anyone be able to compare?

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Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 26 Feb 2020

Interactive Brokers or Saxo!

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ūüĎć 1
Rais M
Rais M
Level 7. Grand Master
Answered on 26 Feb 2020

Interactive Brokers is the recommended broker due to its lower fees. However, I wonder if it is a good idea to set up a brand new broker account just to buy Ireland domiciled ETF. The time and effort spent might outweight the lower withholding tax rates.

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Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered on 26 Feb 2020

For Interactive Brokers, typically you pay 0.05% for UK listed ETFs (excluding FX fees). For a comparison across some of the more popular brokerages (including SC and Saxo), you might want to refer to this article: https://www.alvinpoh.com/standard-chartered-stanchart-scb-vs-saxo-vs-interactive-brokers-ibkr-commissions-compared/

Do take note of the monthly activity fee chargeable for Interactive Brokers.

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MT2020
MT2020
Level 7. Grand Master
Answered on 26 Feb 2020

Interactive broker as the commission is very cheap.

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Lurkingham

22 May 2020

Is it advisable to use Interactive broker if your monthly investment is only $300-500?

Interactive Broker is recommended to invest in Ireland domiciled ETF because it offers the cheapest commission.

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Fang Fang
Fang Fang
Level 4. Prodigy
Answered on 20 Nov 2019

Only know thinkorswim

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Personally I use Thinkorswim. So far so good - no problems with it.

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