Going back to the OP, how about if I accumulate units through Scwab/TD Ameritrade for 2-3 years (as per my original plan) and later for the safety sake, move it to HSBC to continue to hold it for long term.
Also if transfer is not straight forward and given HSBC current fee structure, we could simply sell everything from broker account and buy all at once from HSBC by paying one-time US$18 per order. Account management/custodian fee is anyways being waived since a2014 (and hopefully will continue in future).
I wanted to open an account with Trading 212, unfortunately there is a queue and won't accept new client. I am a new in investing and would start with limited funds to get the grasp of it around 10K $HK. Therefore less fees the better.
What is the best/ cheapest platform's alternative? They all seems more expensive than Trading 212!!
- futu
- aqumon
- interactive brokers
- Sofi
Thx
Last edited by giudi; 09-02-2021 at 10:54 AM.
Where do you guys find these weird-arse "platforms" from? Trading 212?!?
Not saying anything about their quality - might be the best and cheapest in the world, but where / how did you discover them?
Considering they're not registered in HK what makes them attractive? Cheapness or Bestness?
Trading 212 UK Ltd. is registered in England and Wales (Register number 8590005), with a registered address 107 Cheapside, London EC2V 6DN. Trading 212 UK Ltd. is authorised and regulated by the Financial Conduct Authority (Register number 609146).
Trading 212 Ltd. is registered in Bulgaria (Register number 201659500). Trading 212 Ltd. is authorised and regulated by the Financial Supervision Commission (Register number RG-03-0237).
My broker was relating to me a story of his client.. the client, reasonably rich (~10m USD ?), has the hack of opening brokerage accounts in countries that he wants to trade in. So there's this Australia account that he has and put in money holding aussie stocks.
But suddenly he realized his shares are going missing and money are being siphoned out from his account. And for the fact that he can't go over there to file police report, etc.. the brokerage is totally ignoring his protest and simply told him it was his instruction in selling the shares and transferring the money out. Shutting down any possible investigation.
Well, it might not happen to anyone here. And take it with a pinch of salt if its solely a marketing ploy by my broker (incidentally a good friend of 30years since school time). But it is still a risk in times like this when traveling and face to face confrontation is no longer possible.