Can you share what is the round trip FX spread of POEMS and other brokers, for USDSGD and USDHKD?
I know IBKR is best. But interface supposedly complicated. And I personally prefer broker which is headquartered in Singapore, for custody "peace of mind".
I currently use FSMOne but their USDSGD spread is wide at about 72bps, round trip.
Saw "Kelvin Learn Investing" youtube, who showed POEMS at 15bps x 2 = 30bps round trip. Can anyone provide additional datapoint to affirm or otherwise?
WXR and XUS are good and no need FX. But given liquidity is mainly provided by sole market maker, I wouldn't put large amount (beyond 200 to 500k depending on individual) in those counters. Afraid market makers widen spread during volatule periods. In comparison, IWDA always tight bid offer with lots of end buyers and sellers.
I know IBKR is best. But interface supposedly complicated. And I personally prefer broker which is headquartered in Singapore, for custody "peace of mind".
I currently use FSMOne but their USDSGD spread is wide at about 72bps, round trip.
Saw "Kelvin Learn Investing" youtube, who showed POEMS at 15bps x 2 = 30bps round trip. Can anyone provide additional datapoint to affirm or otherwise?
WXR and XUS are good and no need FX. But given liquidity is mainly provided by sole market maker, I wouldn't put large amount (beyond 200 to 500k depending on individual) in those counters. Afraid market makers widen spread during volatule periods. In comparison, IWDA always tight bid offer with lots of end buyers and sellers.
