What platform do you use for trading US market stocks and options and why?

Some questions to all my friends here at VB who trade the US market.

1. What platform do you use to trade stocks and options in the US market?

2. Why did you choose this platform over other available platforms?

3. What are the taxes/charges I need to be aware of when I trade US market stocks and options?

I’m interested in dipping my hands into the US market. But not sure which platform is suitable for me.


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Why are you wanting to invest in US market ? the US share prices are overvalued from Trump effect compared with price of shares on the Asian Markets .

The shares listed in Singapore Stock Exchange are rated at lower PE ratios.

(09-01-2018, 08:54 AM)Xiaosaint Wrote: Some questions to all my friends here at VB who trade the US market.

1. What platform do you use to trade stocks and options in the US market?

2. Why did you choose this platform over other available platforms?

3. What are the taxes/charges I need to be aware of when I trade US market stocks and options?

I’m interested in dipping my hands into the US market. But not sure which platform is suitable for me.


Sent from my iPhone using Tapatalk

1. Interactive Brokers
2. Lowest commission fees (that I know of at least)
3. 30% Witholding tax for dividends. Yes, very significant.

(09-01-2018, 08:54 AM)Xiaosaint Wrote: Some questions to all my friends here at VB who trade the US market.

1. What platform do you use to trade stocks and options in the US market?

2. Why did you choose this platform over other available platforms?

3. What are the taxes/charges I need to be aware of when I trade US market stocks and options?

I’m interested in dipping my hands into the US market. But not sure which platform is suitable for me.


Sent from my iPhone using Tapatalk

1. Interactive Brokers.
2. Cheapest brokerage period (including forex, commissions, tax, platform fees). Options and derivatives included (can go long and short). Unlike Standard Chartered, ADRs are Taxed correctly (eg. 20% Dividend Withholding tax for Taiwanese ADRs).
3. 30% Dividend withholding Tax for companies Domiciled in the US (other tax applicable for stocks domiciled in other countries). 
    US$10 monthly minimum activity fee (ie. if your commission for the month is $10, no charge; if your commission for the month is $3, $7 charge) IF your total equity (stocks + cash) is <US$100,000.

Note: Can be used to trade almost any country stock, but Singaporeans cannot trade SGX stocks.

(09-01-2018, 08:44 PM)soros Wrote: Why are you wanting to invest in US market ? the US share prices are overvalued from Trump effect compared with price of shares on the Asian Markets .

The shares listed in Singapore Stock Exchange are rated at lower PE ratios.

You are looking at it only from a traditional stock investment point of view, there are different strategies for investing in different market condition. For example, if you evaluate that the stocks are overvalued, then you can short the market or sell put options etc. I have been investing in SG market for close to 5 years already. Just looking at expanding to other markets, and i just think that the US market being one of the most versatile market to trade and invest in, would be a good market to look at.


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(09-01-2018, 09:20 PM)TTTI Wrote:

(09-01-2018, 08:54 AM)Xiaosaint Wrote: Some questions to all my friends here at VB who trade the US market.

1. What platform do you use to trade stocks and options in the US market?

2. Why did you choose this platform over other available platforms?

3. What are the taxes/charges I need to be aware of when I trade US market stocks and options?

I’m interested in dipping my hands into the US market. But not sure which platform is suitable for me.


Sent from my iPhone using Tapatalk

1. Interactive Brokers
2. Lowest commission fees (that I know of at least)
3. 30% Witholding tax for dividends. Yes, very significant.

Care to also share which interactive broker you are using?


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https://www.interactivebrokers.com

Ahhh! I see that you are more of a trader and not so much a value investor

You should visit Charles Schwab which has recently opened branch office in Singapore and ask how they are better than Interactivebrokers.

http://www.straitstimes.com/business/com...ore-office

I would say that stricter SEC rulings allows for better corporate governance in US listed companies. They also have higher liquidity and more analyst coverage. They are also more diversified  (SGX is dominated by property stocks, O&G, and financial services). The use of options can also help investors hedge and reduce market volatility. Many global brands also dual list on US stock exchange. US domiciled companies are also known to be very pro-investors in general. Information regarding US listed stocks are also more widely known and easily accessible by free online databases (Wolfram Alpha, Morningstar etc)

It's a good idea to at least get acquainted with the US market so you can invest when opportunity knocks.

(11-01-2018, 06:40 AM)Xiaosaint Wrote:

(09-01-2018, 08:44 PM)soros Wrote: Why are you wanting to invest in US market ?    the US share prices are overvalued from Trump effect compared with price of shares on the  Asian Markets .

The shares listed in Singapore Stock Exchange  are rated  at lower PE ratios.

You are looking at it only from a traditional stock investment point of view, there are different strategies for investing in different market condition. For example, if you evaluate that the stocks are overvalued, then you can short the market or sell put options etc. I have been investing in SG market for close to 5 years already. Just looking at expanding to other markets, and i just think that the US market being one of the most versatile market to trade and invest in, would be a good market to look at.


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Selling put options is actually a long position. Not shorting.