Anybody can recommend me a platform that charges lesser brokerage fees to trade us etf/shares?
Thanks!
All about ETFs / Foreign Brokers, Exchange traded funds
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 Aug 26 2017, 12:10 PM
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#1
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Senior Member
1,770 posts Joined: Dec 2010 From: ~Where White Knights in Shining Armour Unite~ 
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Nov 12 2017, 04:34 PM
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#2
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Senior Member
1,770 posts Joined: Dec 2010 From: ~Where White Knights in Shining Armour Unite~
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So far from what ive checked.
FSM sg: for sg stocks/reits and not UT. 8 securities: read somewhere about a guy transferring in and out sgd50: apparently the TT charges all are pretty high. What more a bigger amount being transferred, u will be charged even higher - that was the conclusion. Charles Sc: so far its only 4.95 per trade and no charges on inactivity fees etc. IB: high starting capital and good for those with a bigger budget to spend. Charges usd10 per month for account inactivity or commission less than usd10 per month. Do correct me if im incorrect peeps. |
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Nov 12 2017, 09:34 PM
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#3
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1,770 posts Joined: Dec 2010 From: ~Where White Knights in Shining Armour Unite~
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QUOTE(Ramjade @ Nov 12 2017, 04:42 PM) Correction. That's is TT fees. It not what 8 securities can control. Even if you were to use IB or Charles, very high chance you will be slap with that fees also. Btw guys, new update from me. I got in touch with Charles Schwab from US telling me to go via their Sg branch.That's why last time when there's no fintech, we are force to pay those fees. Well not anymore.  Excerpt: You would be eligible to open the Schwab One international Brokerage account. The initial deposit requirement is $25,000 USD. Yes, there you go. $25,000 USD initial deposit. Guess the way to go so far is 8 securities or Sogotrade. this is the link to the person's experience on transfer fee charges by 8securities (just last month October 2017) https://apenquotes.wordpress.com/2017/10/10...e-8-securities/ This post has been edited by GloryKnight: Nov 12 2017, 09:50 PM |
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Nov 13 2017, 02:56 PM
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#4
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1,770 posts Joined: Dec 2010 From: ~Where White Knights in Shining Armour Unite~
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QUOTE(rjb123 @ Nov 12 2017, 11:03 PM) The deposit and withdrawal of USD 50 by TT doesn’t make any sense, no one in their right mind would TT such a small amount. that's true for IB @ 10k (for those who can afford)The TT fee would be the same for 10k or 50k USD at which point it becomes pretty negligible. With a $25k minimum, IB @ $10k would definitely be a better option. For those who cant and do not want to open a nominee account; 8securities/etc are not the avenues. Have to find other for direct into your own CDS. |
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Aug 26 2018, 07:14 PM
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#5
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1,770 posts Joined: Dec 2010 From: ~Where White Knights in Shining Armour Unite~
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QUOTE(Ramjade @ Jun 28 2018, 10:42 PM) Nope won't work that way. There's no capital gains for foreigner but foreigner will be hit with a 30% with holding dividend tax. Hi ramjade, would you know if 8securities has access to irish-domiciled ETFs?It all depends on where is it listed. If you buy US demociled ETF, expect to get tax 30% on the dividend. If you buy a Irish domiciled eTF which is listed on LSE which track the US index, you only get hit with 15% with holding tax on your dividends. This post has been edited by GloryKnight: Aug 26 2018, 07:14 PM |
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