Anybody here using kristal.ai?

[cassowary18]

I guess the reason why they charge no commission as they can earn from the difference in buy/sell price..

Possible. Another reason they claim is that they have a lot of high net worth clients who pay them for advisory services.

All in all I still don't mind using it but IB is looking very tempting now, especially when they allow SGX purchases.

 

[0x0bzzz]

I see! Thanks!

US stock dividends will be subjected to 30% withholding tax no matter which broker you buy it from.

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[crystalnox]

It's 0.3% custodian for AUM above USD 50K. Means your first USD 50K is free, essentially.

Don't forget IB's $10 per month minimum fee under USD 100K. By my calculations, the crossover point would be USD 90K. But then again, you may value IB's other

Oh right, crossover should be higher since the first 50k remains free.

 

[aLpHa-Ev7]

[/LIST]
Yeah I guess it's more of an alternative to the strategy of buffering up several months worth of DCA to purchase IWDA from SCB.

Meanwhile, the wait for a good cheap platform to purchase small amounts of IWDA monthly continues...

yes it does seem that way. any their quoted price could be different from the actual NAV price as well.

But the 0% fees <$50K is really attractive..

 

[zzzzzz87]

Anybody use this here? Not really much discussion on kristal.ai here. Hmmmm..

 

[firewoman]

Anybody use this here? Not really much discussion on kristal.ai here. Hmmmm..

Tried with $1k and bought some fintech etf. Just sold off my holdings after taking profit. After the Smartly experience, I think better play safe and put money with more reputable companies.

 

[MrRainbow]

Is the 30% tax deducted directly and we get the 70% dividends? Or we have to go pay 30% tax ourselves?

Sorry very new to this scene haha...thanks all for sharing knowledge with me

I see, meaning US ETFs dividends will be subjected to the 30% tax if bought thru FSMone?

 

[MrRainbow]

Btw, is it better to send money into Kristal.ai in SGD? 0.2% charge from kristal.ai

Or to use my dbs multiplier to convert to USD, then send it over to Kristals.ai? Not sure if there is any TT charge etc

Which is more cost effective?