facebookWhich is the better broker for US market - Standard Chartered VS Tiger Brokers VS Saxo? - Seedly
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Anonymous

Posted on 29 Dec 2020

Which is the better broker for US market - Standard Chartered VS Tiger Brokers VS Saxo?

I realised:

a. It's free to transfer USD from Standard Chartered (which I use) to POEMS. However, POEMS charge US$6.88 per trade, which is not cheap.

b. Tiger Brokers has a great commission rate of US0.01 per share with minimum US1.99 per trade, but there are fees of ~US60 or more to transfer USD from Standard Chartered into Tiger Brokers.

c. Saxo has annual platform fees annually to hold US stocks - feels like the fees will stack up.

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3 answers

Discussion (3)

Hi Anon,

It depends on a couple of factors:

Live data: Like Jesslyn has mentioned, Standard chartered and saxo do not provide live data, but tiger brokers does.

Fees: I think you have a rough idea of the fees, and your main concern seems to be the wire transfer fees. I would reccomend opening a DBS multi-currency account (it's free), that way you will not incur the wire in fees with tiger. Tiger also does not have custodian fees.

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Post

彭哲夫

彭哲夫

Level 2. Freshie

Posted on 01 Jan 2021

Longbridge same like IBKR

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Post

J

Jesslyn

Level 14. Grandmaster

Posted on 31 Dec 2020

Standard chartered is expensive and i don't think they provide live data. Tiger brokers has cheaper ...

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