Hi guys, anyone of you investing in US stock using Ameritrade currently? I just registered and want to deposit the fund into my account now.

May I know for those using Ameritrade now, you deposit via TT? Or using Instarem or Transferwise? Which one has the lowest rate?

TD-Ameritrade based in SG right?

Yes, Malaysian can apply for it now. I just got my account approved and now just need to deposit.

This post has been edited by tiramisu83: Apr 29 2019, 10:27 PM

Note: TDAmeritrade US doesn't accept Asia-based customers. They move all of us to TDA SG liao (earlier called TDA Asia)

A. based on my Qs and As received from TDA SG & Transferwise:
TDA SG needs transfers from 1st party - ie. from your bank a/c, not 3rd party like Transferwise.

B. based on my multiple transfers in 2014 to 2016:
1. MBB & CIMB online TT least hassles VS going to bank and sometimes get stupid Qs from holier-than-thou bank officers
2. HOWEVER, note that U can transfer a max of $30K (earlier limit) or $50K (2016 limit) per day only
AND each transfer, TDA SG charges USD20 or USD25 - can't recall offhand as i was doing both OptionsXpress & TDASG earlier.

C. based on other investors/traders in a facebook group i'm in:
still same kaka, diff Gov like (B.) now - some still face hassles doing transfer via banks' officers quoting BNM saythisthat but wont give in writing
VS online

This post has been edited by wongmunkeong: Apr 30 2019, 10:37 AM

my experience with tdameritrade isnt that good and i am used to be their Apex customer in usa.
it is difficult to do withdrawal from the account. small amount maybe not an issue. plus the agent in tdameritrade SG isnt very professional in handling cash withdrawal.

by the way their trading platform isnt bad but the fees that they charge isnt the most competitive in the market. i had close those account eversince they transfer all asian client toTD singapore.

I think TD Ameritrade SG minimum deposit $2,000?

and only can buy US ETF/Stock which subjected to 30% witholding tax

Is anyone transfer from local bank to TD ameritrade recently? any issue with it? as i saw this post mentioned some bank is not allowed. https://forum.lowyat.net/topic/4711947/all

Hi, may i know how do you perform MBB online TT ? It seems like need to put in the TD account number in remark but online TT don't have the field to fill in. Please correct me if I m wrong, I m new to TD =)

er.. i used CIMBClicks Online to TT, didnt use MBB's coz that time MBB max $30K per transfer Vs CIMBClick's $50K. Note - 2016 days ya, now no idea since i've not added fresh funds.

Ahh, I see. Alright thanks for the info anyway =)

Im using Maybank to buy US stocks. So far no issues. Why would you choose Ameritrade? Any benefits?

i have the same question. How do we put further transfer to TDA SG account field?
Also, besides TDA SG, what other stock broker you recommend?

some folks worry about costs per transaction +cost of dividends
me, i use TDASG for selling stock options while hoping to be PUT the stock.
Vs MY brokerages xda stock options selling, just allow buying of local warrants je

any update on how to fund TDA account? just now went to maybank, they recommend me to use FTT, charges is rm10, but the exchange rate is like 4.12, now market rate is 4.06 leh, hard to accept this rate.

also, bnm still blacklist tda?

or can I open a FCA account, deposit in USD physically, and do the transfer?

then when I withdraw from TDA, i deposit to my FCA and stored in USD, can do?

This post has been edited by H.K. Lee: Jan 17 2020, 05:42 PM

either way you still kena charged. If not how else you expect the money can transfer from their bank account to your bank account and vise versa? The only way you can incur no bank charges is if you got US bank account. Since TDA bank account is at US.

This post has been edited by apathen: Jan 17 2020, 10:16 PM

hi guys, i used to be interactive broker client, but nowadays i just want to buy US ETF and hold to maturity. Getting old, no longer actively trading. I'm considering TD Ameritrade, but now i read that TD Ameritrade cost USD10 per transaction (plus all the hassle of opening an account). Any idea on the cheapest way to get into US market for hold/non trading position?

I used to have one when they were not so stringent about rules. Although you save on transaction fees if you have dependents it might not be such a good idea.

If something touch wood happens to you your dependents would have to hire a lawyer in the US to administer the disbursement of your asset there and if I am not wrong above a certain amount I think it is USD 50k you have to pay estate duties.

If you have something like less then rm 50k your dependents might get nothing as legal fees might cost more then that to get it back.

Hey tiramisu83,

I am thinking of opening a TD ameritrade SG account too. i have a few questions for you if you can help me answer:

1. Is there a minimum deposit required to open an account?

2. is there a minimum deposit that needs to be maintained at the end of the billing month in my account?

3. is there a minimum deposit required in the account before i am allowed to buy/sell stocks?

4. is there any monthly fee?


thanks

Hi, I am thinking of signing up for a TDA Sg account. May I know where can I find the information above that you have shared?

Thanks a lot!

U mean these?:
https://onlinetaxman.com/foreign-investment-in-us-tax/
For estates, US Citizens and tax residents currently receive a tax exemption of over $11.18 million (2018). Unfortunately for NRAs, this amount is a mere $60,000. However if you as a non-resident are married to a US citizen, you still get an unlimited marital deduction.

Assets known as US situs assets are subject to this $60,000 estate tax threshold. US situs assets include US real estate, US stocks (even for owning publicly traded companies such as Google), cash accounts with US brokerage firms and certain debts to US debtors.


note - NRAs = Non-resident Aliens, eg. me, a non-US citizen (Alien) not living in US
AND YES, i was scared kaka when i found that out - i was with OptionsXpress earlier then TDA with enough investments to be painful based on US IRA's NRA's estate tax.

Thus, I've poke TDAA, now called TDASG when TDA pushed all their Asian clients to SG on it:



TDAA's response: maint take away = it'll be based on SG Estate laws https://www.iras.gov.sg/irashome/Other-Taxe...ty/Estate-Duty/


Just sharing - please do your own due diligence ya. U may want to ask pointed questions to TDASG. Please do share if it's you found that NRA's stocks/cash/options with TDASG is exposed to US' IRA's ya - ie. things changed or clearer these days. Thank U in advance.

This post has been edited by wongmunkeong: May 26 2020, 08:50 PM