etrader or scb?

[Simiishthis]

Guys! If one is looking to trade non sg stocks then which brokerage is better? Scb has the lowest commission rates but does etrader has any advantages over it? Also which one has the best currency conversion rates ? Anyways etrader dun deposits into cdp right? Thanks!

 

[Shiny Things]

Guys! If one is looking to trade non sg stocks then which brokerage is better? Scb has the lowest commission rates but does etrader has any advantages over it? Also which one has the best currency conversion rates ? Anyways etrader dun deposits into cdp right? Thanks!

Do you mean ETrade?

If you do, then ETrade definitely has advantages. Their interface is better (I've seen a few complaints on the forums about Stanchart's brokerage website being a bit crashy), and you might even see better executions on ETrade (though that'll only be a few cents per trade difference). And SCB's only cheaper if you do less than about $5,000 USD notional per trade.

Not sure about currency conversion rates. And neither of them hook into CDP, because CDP is only for Singaporean stocks.

I'd be inclined to pick E*Trade, to be honest, unless you're trading less than a couple of thousand bucks a trade. Check out OptionsExpress, ThinkOrSwim, and Saxo Markets as well.

 

[Simiishthis]

Do you mean ETrade?

If you do, then ETrade definitely has advantages. Their interface is better (I've seen a few complaints on the forums about Stanchart's brokerage website being a bit crashy), and you might even see better executions on ETrade (though that'll only be a few cents per trade difference). And SCB's only cheaper if you do less than about $5,000 USD notional per trade.

Not sure about currency conversion rates. And neither of them hook into CDP, because CDP is only for Singaporean stocks.

I'd be inclined to pick E*Trade, to be honest, unless you're trading less than a couple of thousand bucks a trade. Check out OptionsExpress, ThinkOrSwim, and Saxo Markets as well.

Hmm but etrade has an office in sg.. which supposedly makes problems easier to be resolved? I will be mainly doing small trades like ard few thousands each time...which of the rest do you recommend the most? Thanks in advance!

 

[sgdividendsdata]

interactive brokers?

 

[Shiny Things]

I've used Saxo Markets and quite like them, but they've become a lot more expensive since I used them last; only go for them if you need a huge range of markets (FX, FXO, cash equities, futures, blah blah blah) and don't want to climb the learning curve at Interactive Brokers.

I hear good things about TD Ameritrade (the old ThinkOrSwim), if you really want me to pick one, but basically they're six of one/half a dozen of the other.