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 Alternative US stocks trading brokers

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TSkxder P
post Oct 27 2021, 02:21 PM, updated 5y ago

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Hi, is there any alternative stocks trading broker that accepts Malaysian clients?

Musts: Commission free ( free transaction of big US stock such as AMD, Alphabet, I don't trade shares of small cap companies, I don't mind currency exchange fee cuz I will deposit my account with USD ), allows fractional share.
SUSTOS
post Oct 27 2021, 02:35 PM

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QUOTE(kxder @ Oct 27 2021, 02:21 PM)
Hi, is there any alternative stocks trading broker that accepts Malaysian clients?

Musts: Commission free ( free transaction of big US stock such as AMD, Alphabet, I don't trade shares of small cap companies, I don't mind currency exchange fee cuz I will deposit my account with USD ), allows fractional share.
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Could you elaborate on the reasoning behind the "commission-free" requirement? https://www.ft.com/content/2c308470-e8b7-40...d4-d9d4696233b4

https://www.forbes.com/sites/simonmoore/201...n-free-trading/

"If something is free, you are the product."

Are you planning to use the new brokerage account to trade actively or just buy-and-hold?
SUSxander83
post Oct 27 2021, 02:58 PM

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QUOTE(kxder @ Oct 27 2021, 02:21 PM)
Hi, is there any alternative stocks trading broker that accepts Malaysian clients?

Musts: Commission free ( free transaction of big US stock such as AMD, Alphabet, I don't trade shares of small cap companies, I don't mind currency exchange fee cuz I will deposit my account with USD ), allows fractional share.
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1stly do you have USD bank account?

If you do then there is a lot to choose from

Commission free you must be dreaming

Since you are buying big caps I suggest you to go for IBKR for taxation purposes

Commission free no point because when you sell the taxes will hit you big time doh.gif
Ramjade
post Oct 27 2021, 11:15 PM

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QUOTE(kxder @ Oct 27 2021, 02:21 PM)
Hi, is there any alternative stocks trading broker that accepts Malaysian clients?

Musts: Commission free ( free transaction of big US stock such as AMD, Alphabet, I don't trade shares of small cap companies, I don't mind currency exchange fee cuz I will deposit my account with USD ), allows fractional share.
*
You want commission free and paid 3-5% for TT each time you transfer money That's the amount of money you will lose each time you transfer money) or you want to pay just USD0.35/transaction + USD2.00 per conversion of money at real time rates without any markup? Your choice.
SUSxander83
post Oct 27 2021, 11:19 PM

Blast off like a rocket
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QUOTE(Ramjade @ Oct 27 2021, 11:15 PM)
You want commission free and paid 3-5% for TT each time you transfer money That's the amount of money you will lose each time you transfer money) or you want to pay just USD0.35/transaction + USD2.00 per conversion of money at real time rates without any markup? Your choice.
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Penny wise pound foolish I say doh.gif

 

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