Which broker to use for US ETF e.g. vanguard snp 500? Saxo or td ameritrade. Quite confused by the many costs.. Also, is roboadvisors another “alternative” to invest in us etf? I would like to buy and hold US etf, before dabbling in the rest. - Seedly
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Anonymous

Asked on 22 May 2019

Which broker to use for US ETF e.g. vanguard snp 500? Saxo or td ameritrade. Quite confused by the many costs.. Also, is roboadvisors another “alternative” to invest in us etf? I would like to buy and hold US etf, before dabbling in the rest.

I’m a beginner investor, for example I’m looking at start with probably $3000, and subsequently $1000 every 3 months, into only one or two US etf. (Since I’m just getting started, would like to save $ + learn more first)

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 26 Feb 2020

TD Ameritrade is fine and completely o.k.

no account fees, zero USD commission fees, however company will be merged with Charles Schwab broker in the second half of 2020 if U.S. regulatory authorities do not object. when you send money to brokers do not convert you home currency (f.ex. SGD) to USD vis your bank or home broker but use cheap and safe Transferwise (or currency conversion/sending. You can use that even within Singapore if you want convert/send to an USD account of Singapore bank/broker.

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Frankie Rappaport
Frankie Rappaport

09 Mar 2020

No, with TD Ameritrade U.S. branch no fees for ETFs or U.S. stocks https://www.tdameritrade.com/pricing.page
R T

09 Mar 2020

Thank You!
Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 8. Wizard
Answered on 05 Jun 2019

I've been using TD Ameritrade for a number of years and really like the straightforward platform and robust charting tool. No hidden fees as far as I know. Can't comment about saxo as I've not used it in any capacity.

And yes robo advisories are an alternative to invest into Etfs, US domiciled or otherwise. Only thing is you cannot choose which are the etfs you want to buy into. The portfolio will be constructed based on your risk profile that is determined when you open the account and answer their cka questions.

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R T

09 Mar 2020

Hmm so the 30% US withholding tax would be applicable I guess yea?
Frankie Rappaport
Frankie Rappaport

10 Mar 2020

Some countries have tax treaty with U.S., but not Singapore, so yes, to my knowledge 30%