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

Hi all sifu, may I know how do you deposit TD Ameritrade via CIMB online? I use speedsend and it is refunded after a few days pending (without reasons)

Hi, i open a td ameritrade account as well during MCO. I do try a lot of methods but end up using maybank to do the TT transfer. You can use cimb online to do but i found that the limit cap only at 10k max.

Or u can try go to cimb branch and do as below:
https://winningtheme.com/thinkorswim/tos_ac...ritrade-account

there is no limit if you go to the branch and fill up the form for wire transfer. your 10k limit probably cap by your ATM withdrawal limit.

How long the took to approve ur account? Mine stuck there for more than 1 month already. Email them they said still processing.
So long ??

How is it going with your account? Are you still using Tdameritrade?

How long did it take for your account to get approved and how's the experience so far?

hi guys, i'm an Ameritrade user here. Open my account just last month.

I made my transfer using CIMB Clicks, under 'Foreign Telegraphic Transfer'. I got query by bank officials about the transfer. I just furnish them the info they asked for and i got my fund wired in. Will take a few days to get it cleared.

According to TDA SG customer service, you need to deposit min USD2000 to get real time data. Else, it'd show 'delayed data'.

After deducting other charges, my credited amount was USD1980 and fortunately i get access to real time data as well.

can we use cimb speedsend for the transfer ? i got rejected once.

i have no idea about speedsend as i opted for Foreign TT only.

maybe this reason... "Send and receive money at all appointed SpeedSend Agents or Partner Banks worldwide"

How did you acquire their Business Registration Number? I’ve searched for it on their website but I can’t find one and I’ve emailed their representative but there’s still no reply

I googled search for it actually.

https://www.sgpbusiness.com/company/Td-Amer...ngapore-Pte-Ltd

The staffs tend to take long time to respond to queries. Reason then was due to circuit breaker. Now they should be back to normal i guess. There's also a sharp increase in the number of applications to open an account. I applied in May 2020 and during that time they were processing applications submitted in Apr 2020.

Hello guys beside TDASG (i really dont like the fee USD10 per trade &IBKR's monthly fee) is there any other broker that we can check out on?

TDASG now introduces $0 commissions on online US stock, ETF and option trades.

Otherwise, you can use alternative brokers below:
1. Webull - $0 commission, free live quotes and no monthly fee same as TDASG.
2. Tradestation global (whitelabel of IBKR)- low commission and no monthly fee.

For remittance to TDASG, I always use online CIMBClick- ''foreign telegraphic transfer'' instead of speedsend or moneygram as both consider third party agent which is not allowed by TDASG.
Make sure you fill in the correct details at cimbclick.

Sender status:
Resident Malaysia
Beneficiary Status:
Non-resident
Bene relationship:
3rd party/others
3rd party relationship:
key in ''non related''
Purpose of payment:
Services and investment income
Type of service:
Portfolio investment income
Beneficiary IC / Passport/Business Reg No:
82-0543156
Beneficiary Account No:
4123214561
Routing Code / No:
121000248
Contact No.:
8006693900

**currently CIMB only accepts max transaction limit RM10k per day.

Also remember to put your name and your TDASG 9 digits account no. at the payment remarks there.

Payment Remarks:
For further credit to: ''your name'' / ''123456789''

Does Webull provide free level 2 quotes?
I know tdameritrade does, but min deposit usd500

Thanks. i was just wondering how am i gonna fund it and then i saw this. right on time. Thanks sifu

Don't you need to be a US resident/Visa holder to open a Webull account?

They used to have in their help/faq section that Malaysians can open but it has disappeared now

For Malaysian, we need to open webull account via its mobile apps instead. Once the account approved, you can fund and trade at their website or mobile apps.
Pls refer here for more details: https://www.youtube.com/watch?v=xqxaK_MOk7Q

Webull provides a monthly subscription of Nasdaq TotalView quotes which are more advanced than level 2 quotes.

Hi,

May i know if anyone recently funded their TDA SG account from Malaysia?

Can I know the exact steps to do so?

I've just opened a TDA SG account.

Cheers

while waiting for responses, you can try read last page.....
i think i saw some methods posted.

The signing up process is very annoying & the website is not very intuitive.

Where is the option for me to choose between cash & margin account?

Registered an account two years back. Still find the platform interface very confusing. Going through their manual and some Youtubes also don't seem to help. Any pointers would be very helpful.

Does TDASG difficult to withdraw money from trading account to Hong leong bank? I haven’t open account yet, just want to know more about withdrawals process, does it takes time?

Thanks

How long it takes to approve your application? i submitted mine 2 weeks ago and sent a chaser this week....they told me processing time 30 to 45 days!! OMG....... by the time they approve mine....US may already got a new president....

Would it be a good idea for me to use this broker? I have cash in a spare UK bank account that I can move around as the bank transfers internationally with Transferwise. The money is in GBP.

I also want to just buy some ETFs and just sit on it for the next few years. Currently, I use Trading212, but I don't like the fact that it has no fundamental data on any of the stocks/ETF I want to buy. Also I have to go through 2 currency conversions since the account's base currency is in Euro and the ETFs I want to buy is in GBP.

Considering TD Ameritrade, but got trading fees? I thought is free?

Hi, what I meant was I registered and waiting for approval (almost 1 month+ now)

Some forumer said they got it in 2 months time.

Sorry for the misunderstanding!

does not meet your needs. tdameritrade trade US market only.

try Yahoo finance or Morningstar for fundamental data

zero commission started 1-2 months ago

Depends on what's your definition of difficult. Can you swallow a USD25 each time you withdraw money?
Not to mention agent fees, bank fees, higher conversion rates by banks.

Cannot. TD only deals in US market.
There's a section in trading212 for fundamentals.
I have seen it.

You don't need 2 currency conversion.
Deposit into trading212 in euro using TransferWise.
Only convert to GBP once you really want to sell.

I do want to buy US ETFs. Right now, the ETF I have bought in T212 is the Vanguard S&P500 ETF, but denominated in GBP only.

The only thing I'm considering is that 30% witholding tax only

alright... also remember withdrawal fee $25 from tda... if wire goes through intermediary bank maybe another $25...

Wah so high withdrawal fee?

Then I guess TD is indeed not for me. I don't have a lot to make that $25 be like peanuts lol

yeah...hope in future they reduce or eliminate it

Chipping in about Trading212 cause i didn't see other thread about it. I just did transfer to T212'S EUR account using instarem, and i just got an email saying that they cannot receive fund from third party account and that they are going to return the fund unless they have proof that it is a joint account. How to prove that the account is indeed mine or should i just use transferwise instead?

send them bank xfer and instarem xfer records...

I sent them the email already, but still yet to get reply from them. Anyhow i hope this works..

Hi guys, anyway are we able to purchase China stocks via these broker?

I'm actually in the process of applying for Ameritrade and Interactive Brokers.

It is not definitely a fast process...... =(

I'm not sure why I cant find the payment remarks in my Cimbclicks.. So I tried Affinonline.

Hopefully can pass thru

https://pictr.com/images/2020/10/29/7MvjUc.md.jpg

AffinOnline transaction failed.. the Bank call me asking me stupid question like what's the proof that I would use the fund for purchase of stocks instead of Forex.
I told the officer that I need to transfer the fund into my trading account first before I can purchase the stock. She said the Bank had to reject the TT because it's not allowed by BNM

So I tried CIMBClick again and put my Trading account and my name in the NRIC/Passport column as ss below:



Luckily this time it was succesful

Hi guys, im trying to register TDAmeritrade SG but the last document i have no idea how to fill in and upload. Do u guys encounter this before appreciate if someone can advise how to complete this or some template.

https://pictr.com/images/2020/11/30/7bycUr.md.jpg

https://pictr.com/images/2020/11/30/7byeuO.md.jpg

print it, fill it, scan it, send it

wondering how long it takes to have the account opened, coming to a month since my submission. i submitted all needed docs on 5 Nov 2020, so far received no confirmation or alike, no rejection too.

Tried to call n email them to check, no luck at all. strange thing...wondering wat is going on.

Hi, wonder where did you find the payment remarks? Tried looking but couldn't find it in my cimb clicks. Thanks

Glad I've come across your post, was searching up and down for the "further payment details" as mentioned by investwise until I saw your post. By the way, did you try to fund more than 10k? Recently CIMB has allowed e-remittance up to 50k limit, wonder if it'll work on 3rd party. Thanks

Previously more than 1 month, now even longer because covid

No problem la with M2u , same limit 50k , even i max until 49,900.
What you mean by 3rd Party ? just use your own online banking portal to transfer, you cant use other ppl name to transfer they wont accept.

My TDA SG account is finally approved and I want to transfer money from my Maybank account. Am I filling up the information correctly based on the images above?

"Account number" is taken from the Beneficiary


Under Additional Info, there isnt enough characters for me to put "further credit to...". Can someone give me some guidance???

Dear Guys,

update: so the transfer above worked. I transferred US 60.80 (RM 250) into my TDA SG account and all went in, no less. Apparently Wells Fargo seem to not have charged me the USD 25 dollar wire transfer fee. Maybe the amount was too little so there was no wire transfer fee? Has anyone experienced this?

I will continue to monitor and try transferring a larger sum.

how much was the TT charges from Maybank?

They don't charge you wire transfer fee for incoming, it is charged for outgoing.

Thanks for sharing.

they charge for incoming TT as well lo. But flat rate per tx.

https://topratedfirms.com/stockbrokers/ach/...ng%20bank%20may.

Sure or not bro...i mean I havent used TD before, but I assumed all incoming transfers are free (except if not in USD).

Once money arrive in local bank, they convert using their rate (assume send usd to myr account) + some fix rate like 5 USD.

But peanut if you withdrawing hundreds of thousands.

Oh, I was referring to funds going INTO TDAmeritrade, not the other way round.

I was asking about the cost to do a TT from Malaysia into TD, from start to end.

For this objective, not via Maybank, you want to get best rate as possible. How big amount? If small dont bother just proceed.

I think you are lucky in that the flow of funds from Malaysia to TD didn't pass thru a correspondent bank that charges you processing fees.

see https://expatfinance.net/international-bank...ndent-bank-fees

Maybe 3k every 3 months, myr.

Hmm ok, they need first party transfers. The best is send in bulk, as the charges are there. Or use credit card, net about the same after factor in TT fees. Good time to convert ringgit to USD as well.

Lucky you ..

I kena charge USD30 (they deduct USD30 from the incoming USD into TD), then maybank charge me RM10.

Now with SC putting TD in the alert list, let hope wont have issue of deposit and withdrawal.

How much did you try to transfer?

I didnt get charged USD30 because it was my first transfer made. They give transfer fee rebate for first time deposits. Later one i deposited more money and the USD30 deduction took place. also Maybank charges RM 10 for the FTT.

TT charges from maybank is RM 10



Wells Fargo will charge you USD 30 for the incoming wire transfer fee, which is quite hefty, but at least the money appears within the same day or next day in your TD account. I used to use IBKR white label and do ACH transfer from my US account, and the waiting period is like 5 working days, damn long.

30usd is indeed hefty.
I wonder if you have tried instarem or Sunway money

Lazy to install so many apps.. with even more potential data leakages everywhere.

i kena charged multiple USD30 already ... can be easily earn back from US market with FIFO ...

I get your point with risk. Its not ideal either way and its always a compromise somewhere.
For those of us trying to fund bit by bit it is a deterrence, but such is the rules today.

hi any did TT from CIMB recently to TD?. DId you have any issues?

Thank you for your sharing.... Btw, did your transfer created successfully into your TD account? Me too, was not able to find the "payment details" or "remarks" to state my account# in cimbclicks and wondering if your method works?

Why you guys don't choose etoro?

Not all stock available in eToro.

Hi, could you please guide us on what options do you selected beside this one screen shoot?

Hi guys, can anyone guide me on how to fund my TDA account via cimbclick Malaysia? I have no idea what should I fill for the NRIC/Passport/Business Registration No. section. And the relationship with the 3rd party and purpose of transfer as show in my photo. Thank you

Dear Sifus here

Tumpang my question here. Have you done any transfer to TD Ameritrade via CIMB recently?
I tried online foreign transfer. It got rejected for 3 times.
Wondering whether you face any issue with recent transfer

Regards

Mind to tell which bank you have tried?

Does anyone have a step-by-step guide for CIMB foreign transfer? I don't know which transfer purpose to select from the list.

Seems like Maybank foreign transfer is more simple and easier.

did cimb deduct any amount from the receiving end?

Mbb deduct USD 30 if not mistaken