You can pick. Ibkr, tastytrade. Tastytrsde can't find using sg bank account.

Some interesting reads:

WSJ FINANCE | INVESTING

Some Schwab Customers Say They Want Their TD Ameritrade App Back
The complaints follow Schwab’s acquisition of TD Ameritrade

https://www.wsj.com/finance/investing/some-...share_permalink

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WSJ

A Crisis Is Brewing at U.K. Universities
While U.S. college prices keep rising, British tuition is capped by the government—and schools are being forced to cut back on teaching and research

https://www.wsj.com/us-news/education/tuiti...share_permalink

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WSJ TECHNOLOGY | BIOTECH

The World Needs New Antibiotics, but the Business Model Is Broken
New drugs to defeat ‘superbug’ bacteria aren’t reaching patients

https://www.wsj.com/tech/biotech/antibiotic...share_permalink

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WSJ FINANCE

Why Are Tech Stocks Down? Bond Yields Are Up
Relentless climb brings 10-year Treasury yield above 4.5%

https://www.wsj.com/finance/investing/why-a...share_permalink

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WSJ RISK & COMPLIANCE JOURNAL

U.K. Regulator Tackles Bullying and Harassment in the Financial Services Sector
A Financial Conduct Authority consultation paper published Monday provides measures for firms to take ‘decisive and appropriate action’ against employees who engage in workplace misconduct

https://www.wsj.com/articles/u-k-regulator-...share_permalink

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Poor Deutsche...

WSJ RISK & COMPLIANCE JOURNAL

SEC Fines Deutsche Bank Fund Unit for ESG Claims, Money Laundering Allegations
Commission says investment arm misled investors in how it incorporated ESG factors into its investment process

https://www.wsj.com/articles/sec-fines-deut...share_permalink

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WSJ FINANCE | INVESTING | HEARD ON THE STREET

Ending the LTCM Crisis Took Just One Bailout. We Should Be So Lucky Next Time.
Future crises may involve many funds making similar bets

https://www.wsj.com/finance/investing/endin...share_permalink

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WSJ FINANCE | STOCKS

Big Shareholder in China? Don’t Try Selling
China gets tough on insider selling to arrest market slump

https://www.wsj.com/finance/stocks/china-ge...share_permalink

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WSJ BUSINESS | TELECOM | HEARD ON THE STREET

Broadcom’s AI Business Won’t Be Easy to Chip Away
Wall Street doubts Google will pull its business, but stock’s big run has made chip maker more sensitive to market fears

https://www.wsj.com/business/telecom/broadc...share_permalink

In the other forum, you mentioned IB will be announcing this too because this is an MAS directive, not a broker-specific initiative.

What about Firstrade? IBKR still have some charges if we are trading?

https://www.tdameritrade.com.sg/accredited-investor.html

its total extermination of retail traders

This post has been edited by john123x: Sep 26 2023, 03:44 PM

What is your priority and requirement for a broker?

Long term and hopefully zero trading commission. But my trading frequency is not high, so IBKR still acceptable; but I saw Firstrade is zero commission. I believe with my NAV I should be able to get some interest for those uninvested cash. Another thing is can DRIP, since I seldom monitor my long term holdings

This post has been edited by jasontoh: Sep 26 2023, 04:14 PM

gg haiz...

Based off some Singaporean guy. Not sure if it's true. Another rumour I heard is Charles Schwab got no license to operate in Singapore.
"Just called and spoke to one of the customer service officers.

He mentioned this accredited investor requirement is imposed on them by MAS and they are unable to transfer our account to TD Ameritrade US as it's not allowed by MAS.

He also mentioned that they will be one of the first few to inform us and other US brokerages will be restricted by this MAS regulation as well 😢"

First trade under US jurisdiction. Won't be affected if it's MAS directive.

This post has been edited by Ramjade: Sep 26 2023, 08:12 PM

WSJ TECHNOLOGY

Google Trial Spills Details on Search Engine’s Deals With Apple, Samsung
Company says it was offering the better product, while DOJ argues the agreements were illegal

https://www.wsj.com/tech/google-trial-spill...share_permalink

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WSJ FINANCE | STOCKS

The Big Pharma Stock Trade: Weight Loss Is In, Covid-19 Is Out
Wall Street sees blockbuster sales in weight loss for years to come

https://www.wsj.com/finance/stocks/the-big-...share_permalink

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WSJ FINANCE | HEARD ON THE STREET

$100 Oil Needs Western Drills to Stay Quiet
Saudi Arabia and Russia rely on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.

https://www.wsj.com/finance/100-oil-needs-w...share_permalink

If it is really MAS rules and not broker specific, I don't know what are they playing at. Is like they are trying to make normal Singaporeans unable to invest overseas and "force them to invest local or use local brokerage". Just speculation.

You can consider tastytrade too. IBKR only charges you. USD0.35/transaction and USD2.00 per currency conversion.

I m using CS only. Never experienced with other brokers.

CS has everything that you want. The trade fee is only a few cents. OTC is a higher abit and options are 0.65. But overall, the trade fee can close 1 eye.

Interest paid for your sitting cash in the acc. But subject to tax.

DRIP and all the trade way available.

Download the StreetSmart Edge apps for PC/laptop. Real-time trading apps. What I don't like about the apps is that too much information is crushed into the apps. Make it hard to see and navigate when want to execute a fast trade. Best if you have 2 monitors.

Money transfer in/out is easy and direct. Can apply for a margin, chequebook, and CS visa/debit card.

CS visa/debit card is the most useful for me. Very convenient.

But I don't know what is the cons. You got to find out.



Charles Schwab in SG ?

Charles Schwab is already close down in SG since 2019. After open for 2yrs.

Thanks for the recommendation. Will look into it. When you were saying IBKR only charges us, you mean that because there is a need to pay for each transaction, but for USD conversion, if I wire it through the USD account, will it be 0 o still be charges?

CS = Charles Schwab?

Yup.

Malaysian can register CS? Like how we use ibkr?

No. And better don't.

MY don't have CS.

No. but u can have CS account, how u do that? And Why better don't have CS?

Sorry ask many question, bcoz I'm interested in CS in case IBKR start making my life difficult later.

If you wire USD no fees la. Cause your bank already makan the spread at least easily lose 2% to the banks.

IBKR won't cause trouble cause it's their rice bowl (international clients). What will cause trouble is maybe Malaysian govt will try to be like China.

Alternative to ibkr is tastytrade or firsttrade.

I see. I have US bank account, I'll use that to fund the account. Is there a way for IBKR to approve options trading? Why it is saying my goal + risk profile don't allow that? Alternative, I'm trying out Firstrade since it is 0 commission. Can transfer a bit stock there to do options trading.