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All about ETFs / Foreign Brokers, Exchange traded funds
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bearbear
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Apr 3 2016, 03:41 AM
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hi guys,
i am a malaysia working in Singapore.
my purpose is to invest in some stock which i would like to keep long term, i read quite abit on IB on past pages.
So minimum is 10k USD to open an account, in which i could pay via my SG bank account.
i just need to understand more on the cost of maintaining the account, as the sole reason for me is to invest for the future.
Say if i already used up 10k upon my account been activated, cheapest way to maintain is to buy one share every month? So i just have to a share at $200; so i just have to pay $1 fee to avoid the inactivity fee which is $10?
Any other cost i should be aware of?
This post has been edited by bearbear: Apr 3 2016, 03:43 AM
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bearbear
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Jun 5 2016, 01:11 PM
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QUOTE(rjb123 @ Apr 3 2016, 05:27 PM) The inactivity fee gets charged as log as commissions are under $10 for the month - say you only do one transaction with $1 in fees - you'll be charged the $9 difference. I believe over $100k the fee gets waived but can't find anything related to that on their site right now. https://www.interactivebrokers.com/en/index.php?f=4969If you need live market data there's fees for those too (waived if you hit sufficient commissions for the month) any recommendation on affordable platorm for casual investor? say if only trade a few shares a month? $10 a month is quite painful to maintain
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bearbear
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Jun 24 2016, 02:44 PM
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they told me its $10.65 per transaction, either buy or sell also same.
still a good option? small time investor just buy for retirement
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