Do not activate the card. That's what I did.

Why do you want to use sg debit card? Unless you are working in Singapore, then yeah. I am not working or studying in Singapore. I am not going to travel to Singapore either. Been years since I been to Singapore. No point for me to activate the card.

This post has been edited by Ramjade: Sep 23 2023, 01:55 PM

PSA for those with TD Singapore.

27 October 2023
Beginning 27 October 2023, all remaining non-Accredited Investor accounts will be charged a monthly account maintenance fee of USD $50. Accounts with cash balances less than USD $50 will only be charged an amount to reduce their cash balance to $0 (zero). 

Current Retail Clients - Take Action

Starting in December 2023, TD Ameritrade Singapore will focus on Accredited Investors only—discontinuing services to non-Accredited Investors. We are grateful for the opportunity to have served your investing needs over the years.
If you do not wish to become an Accredited Investor or if you do not meet the requirements, you’ll need to act immediately to avoid any account impacts, such as fees and restrictions. 

You should have received an email from TDA Singapore this morning.

Otherwise, visit more information at: https://www.tdameritrade.com.sg/retail-clients.html

This post has been edited by Ramjade: Sep 26 2023, 10:06 AM

Actually it's MAS policy. Taken from a Singaporean guy who contacted customer service.
If it's true this is one form of protectionism by Singapore govt and doesn't want Singaporean to buy US stock and only buy SG stocks unless one is super rich. Something like what Malaysian govt do with Forex to discourage people from trading Forex.

This post has been edited by Ramjade: Sep 26 2023, 10:16 AM

Rich people no fees. Fees is for non rich people (those non accredited investor)

Luckily I don't have TD. Was looking to open TD but decide against it.

This post has been edited by Ramjade: Sep 26 2023, 10:34 AM

Use Ibkr US/UK. Avoid IBKR sg at all cost.

Yeah. But they give cash. Not transfer to you in sg.

Comb my cannot do a thing for you. Give them a call.

That is just location of the server. To know what Ibkr you got, go generate your statement and you will see what IBKR you are.

1. Open sg bank account cimb or OCBC sg Instructions are here.
2. Open moneymatch or Sunway money
3. Open ibkr and moomoo sg (you need VPN with sg IP for that)
4. Use moneymatch or sunwys money to change your RM into SGD and transfer your money into CIMB sg or OCBC sg
5. Use FAST transfer to move your SGD into either Ibkr or moomoo sg.
6. If you want usd, you can convert using ibkr at spot rate (market rate without any hikeup unlike with banks for USD2.00/coversion)

If you have moomoo sg and SGD, you can buy their SG MMF call Fullerton sgd cash fund giving you 3.8%p a

For USD, you can buy short term treasuries or treasuries ETF via ibkr.

I don't know what more cost. Cause moneymatch and Sunway money fees are fixed at RM8.00 and RM1.00/transaction respectively. Unless you are counting amount/RM8.00 or RM1.00.

No issue. Just show them where your money comes from. Moneymatch and Sunway money have asked me for proof of income numerous time, give them bank statement and money will go though.

This post has been edited by Ramjade: Oct 15 2023, 11:41 PM

Wise not cheap. They have always been more expensive than others but cheaper than instarem.That's why I never ever use wise. Always been a Sunway money guy until this year someone told me moneymatch cheaper.

Thanks for the feedback. Use tiger then. How about open moomoo Malaysia? I think it is functioning?

To be honest I open moomoo and tiger for 2 reasons
1. Mmf
2. Real time data only

Rest I use ibkr.

Ibkr does not have real time data. They want you to pay for it.
Moomoo and tiger mmf is better than FSM.

Bro use RM10k. RM1k too low to transfer.

Not everyone got money. I started my journey during 1mdb. That was the time to git was like crashing daily. More or less same like this time. And just continue to send my money out despite ringgit going down or up.

I choose RM10k. It's the sweet spot for me that I think everyone can afford.

This post has been edited by Ramjade: Oct 21 2023, 08:02 PM

What I learnt is what is expensive then can be cheap now. True enough.

For Malaysian side you can use rhb multicurrency acocunt. For sg side, DBS my account is the best multicurrency acocunt. This one you need to be there in person. Go to their MBFC HQ and tell them you want to open DBS Vickers and DBS multicurrency account (yes you need to apply for DBS Vickers or else they won't let you open).

Just take whatever multicurrency acocunt you can open. 6 months later, open DBS my account and close the multicurrency account that they give you.

Since you are a Canadian, can consider EQ bank. It's like a digital banks for Canadian without fees unlike your normal Canadian banks.

Forget Maybank/cimb sg for USD account. Not worth it.

If you have normal DBS account, you can open DBS my account. No need Vickers. Reason for opening a DBS my account:
1. No minimum amount. I keep only SGD0.10 inside. Most sg banks required you to keep min SGD500-3k inside.
2. It's a multucurrency account that can received other currency.