You want something like this?

You can apply online. But require min US25k to open an acc. VIP club?

Probably vip club, So they don't bother with MY market.

And register to MY is a brainwash thing by BNM.

Don't worry with IBKR.

You need to change your trading permission and goals. It must have include speculation and must put few years of trading options even if you don't have years or else you won't get approval.

For interactive broker there are trading permission you need to apply.

This post has been edited by Ramjade: Sep 27 2023, 04:48 PM

thanks for the response.

25K USD is not a big deal for a serious long-term retail investor.

Thank you,...

I guessed the best way is for us to call TDA and verify when the Singaporean said. IF TDA 'dares to say those things claimed by the Singaporean', then it's probably true that actions will come later from IBKR too. Which means,... no pt opening an IBKR acct in Sg anymore.

If that directive did come from the MAS, I think all foreign-based brokerages (tho' with registered branches in SG) will be affected.

I used to say many years ago : Doors do close,....

The USD25K is true.

I was in Seattle a few weeks ago and when I saw the CS office, I walked inside and talked to them.

They have emailed me the forms to fill-up,... but before I do that, I'd like to ask here : Is CS the best platform with which we can use to buy US Treasuries ?

Are there taxes imposed onto returns from US Treasuries ?

Now new news. CS got no license to operate in Singapore for retail investor. Only AI license. Since no license and since they bought TDA, means TDA now also does not have license to operate for retail investor in Singapore.

I stand by what I said. No brokerage can beat IB. No tax on bonds.
I don't have any experience with other brokerage except Maybank ke, DBS Vickers, FSM, moomoo, tiger. In terms of cost and market access IB still win.

This post has been edited by Ramjade: Sep 27 2023, 07:07 PM

But you can't buy US Treasuries with MKE, DBSV, FSM, MM and Tiger,... or did I miss something ?

IB wouldn't be so good anymore if they start subjecting their clients to being AI's in future,.....

Bro AI thing is only sg govt rule. It affect brokerage in Singapore. As long as your brokerage is under MAS (LLC and not .com.sg) you won't be subjected to MAS rules on AI.

That's why I don't know what is MAS trying to do with TDA. Is it TDA fault or is it MAS fault. No one knows.

For me, my IB is under UK govt jurisdiction and I am happy with it. It's not open via .com.sg

Also I don't think unlike Malaysia and Singapore where you need to have priority banking firepower to buy bonds.

This post has been edited by Ramjade: Sep 27 2023, 07:31 PM

Nothing Last forever.

Rules can be changed by government. But since u mentioned got firstrade, at least we got viable alternative.

Got first trade. Got tastytrade.

Didn't know that your IB acct was opened under UK jurisdiction, if it is so, then you are safe for now,... till rules change 'against us' in The UK.

If rules change, I change my Ibkr to US version. I malas want to change to US version currently. Don't fix it if it's not broken.

If you want more safety against tax, maybe can consider interactive brokers Ireland.

This post has been edited by Ramjade: Sep 27 2023, 07:45 PM

Invest long in US stock, we already know the US business culture.

1) Company cannot control and have to adjust the business if foreign country change their rule. And every country is sensitive with their financial sector.

2) When thing turn bad, branch and outside their country company have to scarify 1st. Close, scale down and restructure. US co; will just chop and no mercy.

For current situation, US bank sector still not in good shape. Thing still happen in there. We don’t no when this broker, financial service, bank will gone. TD sg, Citi… in this region we know.

Since have to look for new broker, why not direct look for inside US that long enstablish? Your sg broker have problem but looking back in sg for foreign broker? Hole A into Hole B.

Just my thought.

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This post has been edited by TOS: Sep 30 2023, 05:37 PM

So, short-term deal passed last minute to delay shutdown till mid-November. The price to pay is no funding for Ukraine lol

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