Researching on the way to have investments held in foreign country that is not subject to taxation on dividends or capital gains.
Singapore seems to a popular choice and this WISE article details the criteria on selecting an international brokerage there. For Singapore they list DBS Vickers, Interactive Brokers (IBKR), Syfe Trade, Tiger Brokers, Moomoo, and Saxo Markets. For Singapore (and Hong Kong) Interactive Brokers (IBKR) is often the first one recommended on other websites. It is reliable and has been around about 50 years! But there are complaints about the complexity of the trading platform and with customer service.
Here is a MoneySmart article on Singapore brokerages.
Moving Money: with Interactive Brokers you can fund your account by wire transfer from your bank account or from your WISE account.
DBS Vickers trades on the following exchanges:
Singapore: Singapore Exchange (Main Board, Catalist, Global Quote)
United States: NYSE, NASDAQ, AMEX & OTC
Canada: TSX & TSX Venture Exchange
United Kingdom: LSE
Hong Kong: Hong Kong Main Board & Growth Enterprise Market (GEM)
Australia: ASX
Japan: Tokyo Stock Exchange

No comments:
Post a Comment