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Alternative US stocks trading brokers
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TSkxder P
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Oct 27 2021, 02:21 PM, updated 5y ago
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New Member
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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.
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SUSTOS
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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. Could you elaborate on the reasoning behind the "commission-free" requirement? https://www.ft.com/content/2c308470-e8b7-40...d4-d9d4696233b4https://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?
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SUSxander83
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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. 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
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Ramjade
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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.
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SUSxander83
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Oct 27 2021, 11:19 PM
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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. Penny wise pound foolish I say
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