🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️
In this video, I will be comparing 7 different brokers that will allow you to buy US stocks and ETFs (as well as from various markets, such as HKEX, SGX, Europe, Australia, and so many more!).
For your information – I have about 90% of my portfolio invested in the US market – that just shows how much I love the US market! 😍
The brokers compared here are:
1. TradeStation Global (TSG-IBKR)
2. Interactive Brokers (IBKR)
3. TD Ameritrade Singapore (TDA SG)
4. FSMOne
5. Tiger Brokers
6. eToro
7. Local Malaysian/Singaporean Banks
👉🏻Why I made this video?
I aim to help Malaysian/Singaporean retail investors to have access to one of the best financial markets in the world. In the past, we used to have limited access to global markets and investing in foreign stocks involved high transaction fees. Today, the process is becoming easier and cheaper as more foreign brokerage firms enter the region to compete with local players by offering competitive rates and diverse products – there’s so many to choose! (I know)!
Notes/Corrections:
1. Tiger Broker’s parent (UP Fintech Holding Ltd) have since been profitable (positive net income) in 2020.
2. eToro – You are buying the underlying assets for US stocks (1x leverage), any other financial market trades/ETFs are still considered CFD. You may need to contact eToro to switch your account to be able to buy the underlying assets. Minimum Buy: Stocks (USD 50), ETFs (USD 500).
3. TradeStation Global (❗️updated December 2020❗️) – If you have any position on your portfolio, there won’t be any inactivity fee should you fail to maintain USD 2,500 at any time. However, you will only be charged by the inactivity fee of USD 1/month ONLY IF you have no positions in your portfolio and have less than USD 2,500. Do note that the initial minimum deposit is USD 2,500 in order to get the account activated. Hope this clarifies.
4. TD Ameritrade – No Fractional Shares Trading. Plus, it does not accept funding from 3rd party FinTech (TransferWise, InstaReM) from Malaysia. The only way to fund it from Malaysia is via local-banks’ Foreign TT.
5. IBKR – Inactivity fee is USD 20/month if total asset value is less than USD 2k.
❗️❗️❗️Useful Resources & Links (Don’t Miss Out This Section!)❗️❗️❗️👇🏻👇🏻👇🏻:
✅(IBKR Account Opening Guide) Here’s How to Open an Interactive Brokers Account:
✅Open a CIMB SG Account from Malaysia:
✅Beginner’s Step-By-Step Playlist to Start Investing 👇🏻
✅Link to my social accounts 👇🏻
🔵Facebook →
🟣Instagram →
🐦Twitter →
🌐Website →
🏠Discord →
Video Timestamps:
0:00 Introduction
0:44 Video Outline
1:49 1. Incorporation Year
2:08 2. Listing
3:22 3. Licensing & Regulatory Information
4:17 4. Available Stock Market
4:51 5. Brokerage Fee
6:05 6. Minimum Balance Required
6:47 7. Account Opening Process
8:08 8. Platform User Experience
9:11 9. Pros and Cons (Summary)
11:26 Which Broker Did I Choose?
13:04 Which Broker Suits You?
13:58 Stay Tuned (Subscribe!)
#invest #USmarket #foreignbrokers #stockmarket #globaltrading #internationalbrokers #investing #stocks #ETFs #interactivebrokers #tradestationglobal #tdameritrade #etoro #tigerbrokers #fsmone
_______________________________________________________
Disclaimer: This content is provided by a paid influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success.
None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website.
Interactive Brokers is a FINRA registered broker and SIPC member, as well as a National Futures Association registered Futures Commission Merchant. Interactive Brokers provides execution and clearing services to its customers. For more information regarding Interactive Brokers or any Interactive Brokers products or services referred to in this video, please visit www.interactivebrokers.com.
📌𝗟𝗲𝗮𝗿𝗻 𝗠𝗼𝗿𝗲 𝗔𝗯𝗼𝘂𝘁 𝗜𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗕𝗿𝗼𝗸𝗲𝗿𝘀 ➡️ https://ziet.link/4-know-more-about-IBKR
Notes:
🔴Watch this tutorial on how to open an IBKR account: https://youtu.be/f__HgJRe3nU
🔴Watch this follow-up video where I compare 14 different brokers: https://youtu.be/j9m8_KxGBqU
🔴You can use my Wise referral link to get 1 FREE international transfer (up to RM 2,500): https://wise.com/invite/i/weif84
❗️PLEASE READ❗️
Dear all, this is to update that IBKR has removed their inactivity fees, as it stands, it is the best broker right now.
Funding Guide for IBKR: https://www.instagram.com/p/CKOlCoUnLQt/?igshid=1thrg5h5eyz4v
❗️❗️(28th Feb 2021) Please be noted that the funding for IBKR SG is no longer with Citibank NA Singapore. They have changed their SG receiving bank to be Hongkong and Shanghai Banking Corp Ltd.
Don't forget to check before you make your next SGD deposit to IBKR!
Do check out the description box for updated notes and corrections.
Thank you!
Hi Ziet, I concern about the inactivity fees charged by Interactive broker. Can I opt brokerage fees over the inactivity fees?? Do they have option like that? Thanks.
Helpful And Informative Video Keep Up Good work
Thank you for the review and great information.
i used a day to completed my registration and 2 days get approved and do funding to my account supper fast! i register on oct 2021
You should compare etrade too
How does the funds transferring process works?
how about MIDF Invest
For Etoro, you said you don't own the actual stock, but you actually do right ?
Hello, may I know if capital gain in Malaysia is taxable now? I just sold some positions in my TD account in SG, would like to transfer the money back in Malaysia bank account. Would love to know if uncle tax would come after those gains 😅
hi, can u invest in ETF with eToro?
Indeed this is a great video, thank you Ziet. I have done some comparison myself in the last few months and came to a standstill. IBKR topped my findings but due to the minimum $10 commission spend monthly, I did not proceed. It is through your video I found the best alternative –> Trade Station Global! I wasn't aware of this option before ! Thank you again!
Updated 40min later: Actually, while trying to open an account, realised Trade Station Global is not available in SG?
No one broker is perfect, but IBKR is clearly the easiest choice.
Hi Ziet. I know this video is about a year ago but it is still super useful, coz I am in the process of opening Interactive Brokers (using your link).
Btw, I just wanted to share something about TD Ameritrade. I think TDA does a stringent check on applicants hence it took me about 3 months to get my TDA account approved. But my doctor friend got his application rejected. Like you mentioned I had to do many declarations and I guess becoz I have a finance background I was approved. Anyway, TDA is great and has zero commission, and no inactivity or custodian fees. Just want to say that TDA is superb and has served me well.
Btw, I used to use Saxo but they are have heavy fees and 15 minute delayed.
I’m thinking about tiger broker. But same time I’m having trust issues with them 🤥
Hi i am still quite confused btwn FSM Spore and IGM. Help?
i choose etoro just because i dont have time analyzing the volatility of the market. Copy trade is the key
I really salute your analytical skill , Ziet
I had a chat with a fiduciary whom I came across today. she’s a pro and we got talking about investment and money. I was in shock when she told me that investing $2000 monthly in ETF and STOCKS with an average of 12% compounding annually in 20 years will give me $1 million. It gets even more interesting. The total contributed is $480,000 whereas interest earned is around $4,224,000. Crazy right! I immediately got investing as I don’t want to miss out on the opportunity.
which brokers is good pls suggest
Hi, I'm your new subscriber. My question is out of a topic but since I'm in a dilemma whether to start investing stocks or not & whether to start joining investment classes that's abit pricey, i would like to ask someone who has experience in this. Do you agree someone whose salary is only 1.5k a month can start investing or forget about it since the recommended amount to invest would be 1.5k at least? People always asking when is the right time to invest & the answer would be now. But it's depending on the situation isn't it? Is there someone you know that has become successful eventho they started to invest with a minimum salary until he/she can keeps on investing w/o worrying about their small salary? Then what's your advise to people whom their min salary is below than 2k that's interested to join and paid to learn?
Hi Ziet, for TD can i follow ur way to transfer fund from Malaysia via CIMB SG + Wise method?
hi Ziet. not sure if i can still get your reply since this video is a year ago. i have my accounts at tiger and if i want to switch to interactive brokers, is it able to transfer the shares directly from tigers to interactive?
Can you please elaborate about 10usd monthly inactivity fee for interactive, thanks
thanks for this video
is interactive brokers offer real time prices during live trading?
I funded my account on tiger broker internally using the channel they provided via wise “on tiger broker app” and the deposit never arrived. Lost all my deposit. Contacted their chat support 5 times but they just push the problem to Wise. By right is all done on their tiger trading app and they should responsible for my missing deposit. Never use this broker guys. Irresponsible support. 👎
TDameritrades can buy fractional shares?
Gotrade is the best broker
Have you any thoughts on Phillip Capital broker?
Too many people spend money they earned..to buy things they don't want..to impress people that they don't like. –Will Rogers
Hey Ziet! Thank you so much! I am watching your IBKR and Wise videos everyday trying to understand them better! About the inactivity fee, I opened my account 2 days ago, and I couldn't find any info regarding 10$ a month for inactivity. Since the video is 2 years old, did they changed it? I see on their website they don't have any minimums or inactivity fees, it just seems too good to be true. It would be great if you do an update on this topic! Thank you so much again! You saved me tons of money 🙂
i was to focus on what your saying that i didnt realize the fork microphone till min3 😂
Any idea how to buy us treasury bonds in tiger broker? or other broker?
Hi sir, would like your opinion on IBKR Vs Syfe broker in Singapore. They have commission free trades for US counters plus regulated by Monetary Authority of Singapore. Would appreciate your take on this for buy and hold strategy into US and maybe even SG counters. TIA
Amazing dude! Thank you
I love the fork micro
Hello ziet… is ETORO still CFD stocks or now is underlying assets?
With your video guidelines ❤️ I’ve opened interactive broker account a year ago, invested 30k USD and regularly watching, supporting by likes/commenting your posts.
I’m taking this opportunity to thank you – love from singapore-indian 🇸🇬 🇮🇳
Hi from a viewer in Taiwan. I was wondering why you favor trade station global over interactive brokers?
Informative ! Thanks
hi thanks a lot for the video, i have a question: what is meant by stocks Listed as VALUE by ibkr? for which i can trade, but price charts are not shown, is VALUE a stock exchange?
Hi Ziet, have you heard about the new broker, GoTrade ? Possible to do a review on it maybe.
Love your videos btw! I'm a Malaysian living in Germany.. I'm planning to invest in ETFs and just leave it.. i wouldn't need to pay taxes in either Germany nor Malaysia until I actually withdraw right?
I found out one question. Which is standard chartered online trading. Any Malaysian using it? Pls make a video for it. 🎉❤
hi ziet, may I know does IBKR have sth like a new user welcome gift? TQ
If I open Business/Trust United States LLC Account at Interactive Broker
how much tax will be charged on its dividends?
15% aur 30% Tell me please
I like the way you utilize the fork! You really make its usage over its value
Your lowkey my fav stock youtuber