US market no commission...rest of the world still can but pay normal fees (not sure quantum yet)

btw...charles schwab is also pressured to offer commission free for us stocks starting oct 7.

tdameritrade is also slashing to zero

This post has been edited by dwRK: Oct 2 2019, 10:56 AM

so which one is better?

IBKR Lite is not yet available right? Didn't see it yet.

Charting platform = TDA (withdrawal cost $25)
Lowest fees = IBKR and its introducing brokers (1st withdrawal per month free)
International market = IBKR

Also depends on what you trade and how you trade...shares, futures, options, forex, etc. Long term hold vs scalping...

Btw...can open demo account and try see whichever you like, and no one is stopping you from opening both.

I'm using TDA, I like it so much better, but your mileage may vary. Plan to open IBKR soon to dispose of some EU stocks.

This post has been edited by dwRK: Oct 2 2019, 12:00 PM

ah, thanks!

I've another European broker. Can I switch my stocks from one broker to another?

Depends in you lo. If you want to keep your cost low, IBKR.
If your purpose is US stocks only maybe and you want pretty interface maybe TD Ameritrade.

For me I am a cost guy. So my option is bias towards IBKR. I choose IBKR for few reasons.
1. super cheap. You can't find another broker at this price set. Believed me I have looked
2. just works. Does what it needs me to do. Cheap does not mean low quality. I am satisfied with IB.
3. Access to spot rates for foreign currency conversion. Even with priority banking, one can never get such good rates.

Yes can. Be prepared to fork out expensive transfer fees.

Best check out transfer fees and trading fees for your shares... mine is free transfer so is worth it

TDA doesn't do EU stocks. Charles Schwab International costs just as much as my EU broker so no point.

So for EU stocks left only IBKR.

Ps...In addition to having a pretty interface, TDA has some charts and indicators that IBKR just doesn't have... so TDA is like BMW with full package vs IBKR's Perodua... both gets you A to B...but moot point lah if wanna dispose of EU stocks

This post has been edited by dwRK: Oct 2 2019, 01:12 PM

Thanks!
I'm currently leaning towards IBKR Lite since I want access to US stocks & ETF. I'm also not very good with charts and indicators, only know some simple technical trading indicators.

I'd also like to enter SG REITs market but maybe I don't need it, considering the additional cost.

My European broker doesn't allow US ETF trading, that's why I registered for IB. I hold some US stocks with them, so was thinking of transferring. Nah, maybe not lah... just too much trouble. I currently pay 0.25% brokerage with this broker.

I don't use charts so charting is of no importance to me as I am buy and hold guy. I see cheap, I buy. Never sell unless maybe got some fundamental changes

IF your buy price is 1-2% different from current price, just sell and re-buy again. If you are like me where I am sitting on 30% gains and if sell definitely won't be able to buy back at original price, I have no choice of selling and my only option is transferring.

Np. Just ask them to switch you to lite when available. Btw, I think you should be able to buy EU domiciled US ETF from your EU broker. The folks over at the diy s&p500 thread are buying Irish domiciled US ETF from German exchanges.

My broker charges minimum of 20 Euro + I think 0.25% above certain traded value. Lol

wow!! This is too expensive!!

mine is €1 or 0.25%, whichever is higher.

ya...custodian type broker assisted full service type...lol

IBKR Lite is only available to US & India residents!!

Just use their whitelabels. Settled.

Aiyah... but no big loss really if you trade EU stocks...

"For products not entitled to zero-commission trading under IBKR Lite, the same commission structure will apply to both IBKR Lite and IBKR Pro. Where applicable, a "Fixed" commission model will apply to IBKR Lite clients for such products."

Pro you can select much cheaper tier commissions...

Hope TDA don't play such a stunt and limit commission free trades to US only...

I guess you'll proceed to fund your Pro account? You realize the monthly min $10 commission/fee if total assets <$100k right?

As mentioned the USD10/month can easily be bypass by going with Whitelabels.

Yeah... just a prompt to him... he may have >$100k or trading fee >$10 so is non-issue & Pro is cheaper

This post has been edited by dwRK: Oct 4 2019, 09:39 AM

No, I don't plan to invest 100k USD even if I had that amount now. That's why would be nice if I could use IBKR lite.
Now have to look for whitelabels instead.

I'm not sure which country or region that I have more faith. EU/UK/US ....
Everything is so uncertain now.

This post has been edited by moosset: Oct 4 2019, 12:49 PM

Tradestation global or captrader... you check them out lor.... And rich ppl never say they are rich

Recession hits all will goes down the drain...no such thing as a safe region.

But there will be safe asset classes.