Wednesday, June 15, 2022

Financial Brokers and Accounts Update

Tiger Brokers 
Used mainly for SGX stocks only due to high forex fees. Lowest cost for SG stocks
- Have unlimited comms free for US, but still not worth it.
- Tried Tiger Cash Plus but does not seem worth it. SSB can now yield much more.
- Signed Stock Yield Enhancement Program, but unlikely to be utilized as it only lend US stock.
- Earned 1 Gopro share from referral.

Interactive Brokers
- Main account for all overseas holdings due to competitive forex rates and commissions (for US stocks and options)
- IBKR Pro Account (IB SG), Tiered pricing structure
- Signed Stock Yield Enhancement Program

SRS
- Open SRS Account before 1st July to locked in 62 retirement age
- That said, I don't forsee myself using in the near future as I prefer CPF-SA.

SSB
- Yield for July SSB is now the 2nd highest in history and is expected to trend higher.
- Plan to build a SSB bond ladder as the interest is significant now ( >2.5%)

MooMoo
- Too similar to Tiger Brokers.
- Earned 1 Apple Share and 1 Nio Share from referral

Webull (Added 2022 Dec)
- No plan to use.
- Sign via stockscafe to earn 3 years free subscription and webull gifts.

FSMOne (Added 2023 Jan)
- For cheap selling of CDP stocks only.