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 All about ETFs / Foreign Brokers, Exchange traded funds

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bearbear
post Apr 3 2016, 03:41 AM

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From: Sheffield


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
bearbear
post Jun 5 2016, 01:11 PM

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From: Sheffield


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=4969

If 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
bearbear
post Jun 24 2016, 02:44 PM

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Joined: Dec 2004
From: Sheffield


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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