Anonymous
Which is the best broker for "buy and hold"?
I like to prevent monthly fees and such, when I don't trade
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Nicholas Beh
06 Aug 2020
Student Ambassador 2020/21 at Seedly
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SGX and NYSE/Nasdaq.
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Nicholas Beh
06 Aug 2020
Student Ambassador 2020/21 at Seedly
Which markets?...
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For SGX, almost any broker is okay, whether your stock is held in CDP or custodian. In this case, what you should look at are the commissions of the various brokers.
For US markets, Tiger Brokers, Standard Chartered and TD Ameritrade do not charge any monthly minimum or custody fees.
For LSE, Standard Chartered is the only broker that does not charge custody or minmum monthly fees.
Depending on your situation, IBKR may be an exception. They do not charge a monthly minimum fee if your total assets held with them is more than 100k USD.