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All about ETFs / Foreign Brokers, Exchange traded funds
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Hoshiyuu
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Jul 26 2021, 09:29 PM
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QUOTE(TOS @ Jul 25 2021, 10:05 PM) Ziet has something to say about TSG vs IB. https://www.youtube.com/watch?v=fvwoBjGPG8Y&t=169sThat's pretty much the case. But IB's customer service isn't that bad last time I tried, there's free support via US toll free line instead of emailing back and forth with TSG. Perhaps need more time to observe. Main reasons for choosing IB are the lower commissions and the availability of fractional shares trading. How much lower is the commission? I tried looking it up but I am not sure which pricing scheme do I refer to on IBKR site, got fixed and tiered pricing, plus some of them like LSE seems to have higher minimum fee than TSG somehow?
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Hoshiyuu
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Jul 27 2021, 04:22 AM
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QUOTE(TOS @ Jul 26 2021, 09:51 PM) This is IB's pricing: https://www.interactivebrokers.com/en/index.php?f=1590This is TSG's pricing: https://www.tradestation-international.com/...ng-commissions/In general, TSG's pricing should be more expensive than IBKR, since they earn fees and commission on top of IB. If the fees are cheaper, TSG would have gone bankrupt long ago.  TSG is introducing broker to IB, remember. IB earns as they should according to fixed/tiered pricing behind the scene, add that up with the fees/commission TSG earn, that would be the price shown on TSG's pricing page. For small volume, IB's tiered pricing is cheaper for US exchanges, HKEX, LSE compared to TSG. You can check the minimum fees and % fee per trade value. The only exceptional case is SGX, IB's fixed pricing is cheaper for SGX for small volumes than tiered pricing, but still comparing tiered/fixed vs TSG, the former 2 are cheaper than TSG. So in short, IB is cheaper than TSG for fees/commission. Thanks, just realized I can choose from Tiered or Fixed if I am a direct IBKR account, that's why I was confused. As reference for fellow Ireland domiciled ETF connoisseurs, for trade below ~1660USD the actual difference between TSG and IBKR fees per trade is about 30 US cents.
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Hoshiyuu
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Jun 18 2023, 12:31 AM
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ehh. buy and hold until retirement gang here, but I must admit I am happy to see myself in the greens again.
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