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http://www.interactivebrokers.com/

Is IB (Interactive Broker) the best (cheapest) online trading platform if you intent to diversify your holdings over different countries?

This is taking into account their $10 minimum transaction per month and exchange rate difference.

I invest on average 1k+ per month.

Hope fellow investors who invest significantly on foreign markets can advice, thanks!

why not just use standard chartered online trading?

at least your money is much safer.

how many countries do you trade? US market alone has thousands of stocks in various industries.

(26-08-2013, 09:40 PM)freedom Wrote: [ -> ]why not just use standard chartered online trading?

at least your money is much safer.

how many countries do you trade? US market alone has thousands of stocks in various industries.

It's the exchange rates that bothers me.

Hmm... You may be right, based on the size I am trading, I think it may not be worth it to save on exchange rates but spend on the minimum transaction.

Any buddies here have been using IB so a few years now?
Can share experience?

I am asking this and not scb. Just in case that scb shuts down, its better to have an alternative.

I have Optionsxpress. The broker is steep.

Looking for cheap and good.

IB reported loses of usd100mil from the SNB CHF fallout. Plus they do not have an onshore presence.

SCB so far still the best but it is uncertain if they will close that down,

The next best alternative is Saxo.

ETRADE has an office locally? Compare to SAXO which is better?

Interactive brokers have recently announced opening of Singapore office; hence, now you can finally trade local stocks on IBKR.

Great news 

https://dollarsandsense.sg/interactive-b...singapore/

(27-11-2020, 11:16 AM)Wildreamz Wrote: [ -> ]Interactive brokers have recently announced opening of Singapore office; hence, now you can finally trade local stocks on IBKR.

Great news 

https://dollarsandsense.sg/interactive-b...singapore/

Where to check it's fees on custody service

(27-11-2020, 04:13 PM)pianist Wrote: [ -> ]

(27-11-2020, 11:16 AM)Wildreamz Wrote: [ -> ]Interactive brokers have recently announced opening of Singapore office; hence, now you can finally trade local stocks on IBKR.

Great news 

https://dollarsandsense.sg/interactive-b...singapore/

Where to check it's fees on custody service

https://www.interactivebrokers.com/en/index.php?f=14718

If you are referring to Custodian/Custody Fees that traditional foreign brokerage charge, they do not charge any. But they do have minimum activity fee of US$10 per month, for accounts <USD$100k (equity + cash):

https://www.interactivebrokers.com/en/index.php?f=4969

There is a report in scmp newspaper about younger investor opening online accounts with Tiger Brokers.

But Interactive Brokers has 20,000 online account holders in Singapore.

https://www.scmp.com/business/article/31...lug-it-out