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Question on Saxo fees

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Old 22-07-2020, 08:38 AM   #1
Join Date: Apr 2019
Posts: 351
Question on Saxo fees

hello guys, i am looking if there are better brokers to trade US stocks, currently using scb, and am purchasing 3-4 stocks each month, meaning incurring about $40+ per month. saw that saxo charges a minimum of USD4 only. and also a custody fee of 0.12% p.a. can i ask how does one calculate the custody fee? is it e.g. i have $10,000 worth of stocks, itll just be $10,000 x 0.12% = $12?
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Old 22-07-2020, 09:06 AM   #2
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Join Date: Dec 2005
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Why not us IBKR then?
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