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If you trade online or are looking to get into online trading, the search for the most competitive online brokerage is a never-ending one. Just like matches on Tinder, there is always the possibility that there is a more attractive option just around the corner.
Factors like available markets, tools and charts are useful, of course, but one of the key things you need to consider is fees. If a platform charges high fees, it’s not worth your time.
Why are fees so important?
You might not be accustomed to going for low cost options when it comes to certain types of products like clothes and shoes. But when it comes to trading platforms, the fees being charged are super important! After all, the main reason you’re trading is to make money.
Fees will eat into your profits or gains and make your losses bigger. So, the lower the fees, the more money you make on the platform.
The main fees that platform users typically pay include platform fees, which are charged by the broker for their services, and commission fees charged as a percentage of each trade. Some platforms also charge custody fees for holding your assets for you in a custodian account.
Depending on which exchanges you are trading on, you might also have to pay certain fees to the authorities in the country where the exchange is located.
For instance, if you’re selling a US security like Apple shares on the US market, you typically have to pay the following:
SEC Membership Fee on sell orders: 0.0000051 of your trade value, min 0.01 USD per order
Settlement fee: 0.003 USD per share
Trading activity fee: 0.00013 USD per share (min of 0.01 USD and max of 6.49 USD per order).
You’ll want to keep that in mind, especially if you’re also jumping on the US market bandwagon (remember how excitable your trader-type friends were when Elon Musk bought Twitter in late April and the Tesla stock dipped?).
Why is everyone entering the US market?
Nowadays, investors and traders are turning to overseas markets like the US. According to Tiger Brokers, 87% of their users are now trading US securities, and over the past 2 years the annual growth rate in volume of users trading US securities has ballooned to 250%.
Due to the pandemic and geopolitical turmoil, markets are a hot mess right now, and in such turbulent markets, diversifying your portfolio by including securities from other markets is one key way to manage risk. If one market tanks, at least you’ve got others to hold up your portfolio’s value.
The US market is also massive, with the New York Stock Exchange being the biggest exchange in the world based on market cap. This gives you lots of opportunities to diversify your portfolio in terms of sector.
Finally, when you trade on the US market, you enjoy a high level of liquidity. Thus, it’s vastly preferable to trade US securities than to buy actual property, for example. If you need cash on short notice, you can immediately liquidate your investments, but it takes a much longer time to sell a big-ticket physical asset such as a house.
Now you can pay zero commissions when trading US securities on Tiger Brokers
We love free stuff, but for traders, no-commission trades really are the bee’s knees (more gains, yo!). It’s happy news to hear that Tiger Brokers is now offering zero commission trades on US securities!
- Min. Commission Fee US Stocks
- Min. Commission Fee SG Stocks
- 0.08% of Trade Value
- Min. Funding
Offers one of the most competitive commission rates of 0.01USD / Share (minimum US$1.99 / order) on ETF trading
Gain access to over 3,000 global ETFs from 30+ exchanges worldwide including US, SG, HK, AU, and JP stock exchanges
Leverage an extensive repository of educational videos and online courses to learn how to invest in ETFs
Help desk assistance available 24/5 for any immediate customer service issues
We’re pleased as punch to hear about no-commission US securities trades. Here’s why:
You can profit now from small movements in the market — commissions can make small trades unprofitable, but now you can make money from the tiniest market movement in your favour
Save money with more efficient trading — you can optimise your trades based on true market prices
You can get in and out of the market with confidence — no need to take into account commissions when entering or exiting a trade (ugh, so much math)
Turn your savings into even more trades — more money = more trades!
Unlock Tiger Brokers’ unlimited commission-free US trades in 3 easy steps:
Open an account on Tiger Brokers (Singapore): Simply download the Tiger Trade mobile app, click Open Account and then follow the instructions to open a Tiger account. All new users receive an attractive welcome bundle. You also get the chance to win one Tesla share when you fund your account with at least 2,000 SGD.
Refer a friend to Tiger Brokers: With each friend you refer, you get additional rewards such as a free GoPro share, Tesla share or UOB APAC Green REIT ETF unit.
Get your friend to deposit $100: When your friend deposits at least 100 SGD into his/her account, you get zero commission trading for life. Score!
Why choose Tiger Brokers?
Last but not least, here are some reasons why Tiger Brokers stands out:
User experience — strong focus on delivering a prime user experience with cutting-edge tech in order to provide value to users in a sustainable manner
Culturally and lifestyle relevant — driven to explore innovative ways to improve the Tiger Trade platform to make it more accessible and convenient for investors. This includes the recent partnership with the World Wide Fund for Nature Singapore (WWF-Singapore) to promote green sustainability efforts in Singapore; empowering users keen on ESG investing (environmental, social, governance) with access to over 60 sustainable funds that are on Tiger Brokers Singapore’s platform with more in the pipeline.
Strong community — Tiger Brokers has always been keeping its pulse on what consumers want to ensure that it continues to evolve and enhance its products and services to meet the changing needs of its investors.
Driving financial literacy — via investor education and financial literacy. Initiatives include sponsoring several financial literacy initiatives for students, running regular Tiger Live webinars to keep the community up to date on the latest market developments and trends, and more.
Best of all, once you’ve unlocked Tiger Brokers’ commission-free trades on US securities, you enjoy them foreverrrrr. Sign up for a Tiger Brokers account to enjoy a lifetime of more affordable trading!
To learn more about the zero commissions campaign or open an account, click here.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers is not in a position to verify.
Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.
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Original article: Trading in the US Market? Here’s How to Unlock Unlimited Zero Commission Trades for US Securities.
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