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 Best US Stock Investment Platform, Long term holding

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Medufsaid
post Mar 2 2024, 07:49 AM

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QUOTE(tkwfriend @ Mar 2 2024, 03:15 AM)
provides a 15-minute delay date unless paid
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which year was this? 15 min delay is definitely before my time. I use investing.com or marketwatch to verify what IBKR shows me, so far so good all tallies

of cos, now i have Moomoo for real time data also

nonetheless will checkout tasty trade (got referral code?)
QUOTE(Ramjade @ Mar 2 2024, 07:25 AM)
You don't factor in conversion of currency. I don't think tastytrsde give you excellent conversion rates.
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QUOTE
No problems using Wise, so the OP's post is irrelevant. Wise with USD account with ACH wins !
https://www.reddit.com/r/tastyworks/comment...astyworks_from/
seems like can use Wise, but Wise MYR->USD is expensive. now looking at CurrencyFair, but it seems like CurrencyFair only allow selected countries like singapore https://support.currencyfair.com/s/article/...?language=en_US

This post has been edited by Medufsaid: Mar 2 2024, 08:13 AM
james.6831
post Mar 2 2024, 09:21 AM

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use tiger trade to view live data, buy from ibkr for 0.35c commission. been following ramjade tactic, no complaints from my end lol.
tkwfriend
post Mar 5 2024, 03:15 PM

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QUOTE(Ramjade @ Mar 2 2024, 07:25 AM)
Can but don't know how long the process to get your money out of IBKR will take. Not to mention US tax.
I use IBKR. Ok je. Come on la. Use tiger/moomoo/tradingview to get free data. Wow. That's a log on commission.

You don't factor in conversion of currency. I don't think tastytrsde give you excellent conversion rates.
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Tasty Trade or Schwab, don't do the conversion, is the local bank.
both moo and tiger still having lagging data to trade.
tradingview unless paid rm45 ot 50 a month to get live data

the main reason why IBKR not my favor is because the commission charge are very uncertain, is just you buy something you dont know how much will charge you extra.

because of this many of my friend got into significant loss due to commission charge time after time
Ramjade
post Mar 5 2024, 03:29 PM

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QUOTE(tkwfriend @ Mar 5 2024, 03:15 PM)
Tasty Trade or Schwab, don't do the conversion, is the local bank.
both moo and tiger still having lagging data to trade. 
tradingview unless paid rm45 ot 50 a month to get live data

the main reason why IBKR not my favor is because the commission charge are very uncertain, is just you buy something you dont know how much will charge you extra.

because of this many of my friend got into significant loss due to commission charge time after time
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Moomoo and tiger live data enough if you don't trade. It's not lagging. I use their data. Trading view have free plans.

The fees for stock is mentioned clearly. Usd0.35/transaction. I less you are big fish.

You can always buy live data with IBKR. If you trade a lot, they can refund you the live data (depending on your package you buy)

tkwfriend
post Mar 6 2024, 01:10 AM

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QUOTE(Ramjade @ Mar 5 2024, 03:29 PM)
Moomoo and tiger live data enough if you don't trade. It's not lagging. I use their data. Trading view have free plans.

The fees for stock is mentioned clearly. Usd0.35/transaction. I less you are big fish.

You can always buy live data with IBKR. If you trade a lot, they can refund you the live data (depending on your package you buy)
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function are over-complicated,

my per night turnover is about 3k to 30k USD a night,(still consider extreamyl small fish) so I am a bit more sensitive to all this because I am looking at a 5min chart to trade. my broker don't charge for buying stock, but just a clearing fee.

and data are free by the broker. i have a few friends who show IBKR we are having a hard time to understanding the charges.

sorry to mention majority trade are options.

This post has been edited by tkwfriend: Mar 6 2024, 01:16 AM
MGM
post Mar 6 2024, 09:23 AM

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QUOTE(tkwfriend @ Mar 6 2024, 01:10 AM)
function are over-complicated,

my per night turnover is about 3k to 30k USD a night,(still consider extreamyl small fish) so I am a bit more sensitive to all this because I am looking at a 5min chart to trade. my broker don't charge for buying stock, but just a clearing fee.

and data are free by the broker. i have a few friends who show IBKR we are having a hard time to understanding the charges.

sorry to mention majority trade are options.
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Care to share which is your broker?
Medufsaid
post Mar 6 2024, 10:17 AM

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MGM refer to his previous post
QUOTE
tasty trade smaller still more efficient compared to IBKR and cheaper.

0 commission and pay clearing fee for brokers such as Tastytrade, Schwab
myself
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Ramjade
post Mar 6 2024, 10:20 AM

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QUOTE(tkwfriend @ Mar 6 2024, 01:10 AM)
function are over-complicated,

my per night turnover is about 3k to 30k USD a night,(still consider extreamyl small fish) so I am a bit more sensitive to all this because I am looking at a 5min chart to trade. my broker don't charge for buying stock, but just a clearing fee.

and data are free by the broker. i have a few friends who show IBKR we are having a hard time to understanding the charges.

sorry to mention majority trade are options.
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I am not a trader.

You can try and see which broker you like if you feel you don't like IBKR. There's tsstytrade (the guys who created TD), there's first trade.
tkwfriend
post Mar 7 2024, 02:07 PM

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QUOTE(MGM @ Mar 6 2024, 09:23 AM)
Care to share which is your broker?
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https://international.schwab.com/
This is the website, as they take over think or swim/TD
Medufsaid
post Mar 9 2024, 10:32 PM

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QUOTE(Medufsaid @ Mar 2 2024, 07:49 AM)
which year was this? 15 min delay is definitely before my time.
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ok my bad, LSE data still on 15 min delay. modified my LSE etfs positions on thursday and was reminded of it.

was trading US counters recently. those are real time

This post has been edited by Medufsaid: Mar 9 2024, 10:32 PM
Angelo1990e
post Mar 25 2024, 07:14 PM

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Sorry to hijack the forum. Once again, thank you everyone here for providing valuable advice and information for us

Just wanted to ask everyone's opinion here. If you want to invest in S&P500, say hypothetically about 6 figures in cash for the long term, say more than 5 years, what would be the best option?

I'm thinking of Ramjade's method of opening a IBKR account via a CIMB SG bank and parking there? Or would it be more advisable to do it via Rakuten or any other local institution due to ease of legality, withdrawal issues etc?

Likewise what would be the best for a similar amount for US TBills Money Market fund?

Would appreciate advice. Thanks again
Medufsaid
post Mar 25 2024, 07:56 PM

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Angelo1990e CIMB sg bank has a change in procedure now. it's either you
  • open CIMB sg bank and fund S$1,000 from CIMB m'sia (free money $$$ for banks thanks to cutthroat forex rates)
  • or open MBB sg acct, then open CIMB sg for competitive SGD->MYR rates


This post has been edited by Medufsaid: Jul 6 2025, 08:08 AM

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