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What should we look out for when choosing an online brokerage?

I'm looking to invest in some European stocks, which are not covered by SCB which I'm currently using. Was looking at Saxo. It seems relatively safe but fees wise lose out to interactive brokers, which has a less user-friendly platform (according to reviews- https://brokerchooser.com/best-brokers/best-onl...)

What would be the key factor for you? Additionally, anyone knows if Saxo & IB have custodian fees & how much?

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A proper kindly of research is very necessary before selecting the broker also we should keep in mind that reviews should not be trusted blindly, there should be someone who is from our friend circle who have worked with that broker Prizmfx Login

Hi, Serene,

I hope, you were successful with your European stocks, though I'd rather recommend ETFs instead of single stocks.

as to the brokers:

  • should give you access to the markets you wish for

-commission fees are generally already so low that they (exception: heavy traders) are in fact neglegible if your single investment sums exceed a certain threshold

-account maintenance fees are maybe more of an issue

-look also for other fees (stock transfers ...)

-you could download and read carefully online the complete fee schedules of the interesting ones

always mentioned are Saxo, Interactive Brokers, TD Ameritrade, Charles Schwab;

for Singapore these should be O.K.:

Standard Chartered, FSMone, POEMS.

I feel the prudent investor does not need much platform technology, the platform should be fast and reliable, you (almost) need only an easy way to enter limit order and "good till ..." selector, year end tax summary would also be nice

bye

more on my thinking:

https://seedly.sg/questions/what-is-your-genera...

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I don't know about Saxo, but Plus500 features around 2 000 assets, 1500 from which are shares. According to TradingBeasts's review - https://tradingbeasts.com/plus500-review/. It is a solid broker with decent spreads and strong regulatory framework. So you might want to look at this company as well.

Hi Serene!

There are certain factors you should consider while choosing an online brokerage:

  1. C...

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