Asked on 20 Nov 2019
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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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.
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.
Interactive broker as the commission is very cheap.
Interactive Broker is recommended to invest in Ireland domiciled ETF because it offers the cheapest commission.
Personally I use Thinkorswim. So far so good - no problems with it.