Recently I’m interested in US market since Malaysia seems so weird even during MCO. I found these 2 broker and trying to open an account with these 2 to see which suit me more. I’ve dealing with them for a month and I would like to share my experience here.


TD Ameritrade SG
I tried to open an account with them but during the online registration there is a issue with so I emailed them but they too many days to reply even with a simple question. Maybe is because of Singapore currently in CB situation (Even before CB they reply slow too). Anyway I’ve done creating account just waiting for approval so I tried Paper Trading with my account that doesn’t need approval which you can use immediately. Their thinkorswim apps is kinda hard to use which is not user friendly if this is your first time trying to connect yourself into the US market you will vomit when trying their apps. What attracts me is the review from a few website. Who using TD here can share more? Since my real account is not approved yet.


E*Trade
I saw someone introduce E*Trade from one of the user in this forum and I tried to register online but too bad they only let US Citizen to register online so you need to download the registration form and W8-BEN form to fill in and mail to US including a copy of your Passport which is consuming more of your time. I’ve already filled in all the detail and prepared the document but not yet mail it since MCO now. I got play with their apps and its seem more user friendly compare to TD but I not sure since I cant fully access without an account here. Anyone who have E*Trade account here can share your experience? Trying to compare this 2 broker to see which is better.


I found out that when you register for TD they only have individual margin account and for E*Trade you will have to apply manually when filling the form.

This post has been edited by Josephtky725: May 9 2020, 11:49 PM

You need to be careful with US Tax regulation. It is very complicated.

This post has been edited by andrianchan: May 9 2020, 11:51 PM

But I am not US citizen and most importantly I did submit my W8-BEN form. Correct me if I am wrong

Park

why dont u open one with the banks here. easier

Use Tradestation Global to open an Interactive Brokers account

I in the process to open TD ame, I have people provide me guide how to open, I have a few friends recently open and start trading.
what to key in, what cannot key in.
plus special discount trade on the fee

Forget about TD or etrade. Just use interactive broker.
https://forum.lowyat.net/topic/4843925

Open using tradestation global so you don't need to pay inactivity fees of usd10/month.

TD is best

Maybe in terms of interface but definitely not cost.

hi!, could you share your guidance? tqvm!

Brokerage Cost and Delayed Data~

I forgot to mention that I have HLe Foreign account but local banks charges are so expensive. Brokerage cost around USD25 - USD55 < Minimum charges so if you know how to do the calculation of course this charges will impact your profit from your foreign account.

Thanks bro, I will do some homework on Tradestation. I see their charges is cheap too, minimum USD 1.5 and per share only 0.007. How about registration, will take some time to wait?
Ohh and whats the different between IB and Tradestation? That time I saw IB before but put it aside since they charge inactivity fees.

Yup totally agree haha

This post has been edited by Josephtky725: May 11 2020, 01:39 AM

how does TDameritrade earn money if their stocks and ETFs are free?

It's all online. Takes 1-2 days. Mine time up and running in one day.
Tradestation global (there's a difference between tradestation and tradestation global. You will want to go with tradestation global)
Tradestation global
- think of it like yoodo. They rent infrastructure from celcom
- slightly higher commission than pure IB but still 70-80% cheaper than malaysian or TD in exchange for no inactivity fees
- difference in price between pure IB and TSG is the profit that IB earns
- no access to tiered pricing of IB (cheapest option at few cents per transaction)

IB
- have tiered pricing (cheapest option at few cents per transaction)
- have inactivity fees.

only U.S. account free...others still pay

most ppl trade options on tdameritrade which is not free... they have best tools for it

depends lah...

if trade options & futures... tdameritrade is only about $1 more expensive than ibkr, with free live data to boot... so nothing to it really

but ibkr needs 30-40% more margins to get started and ties up your funds...

you can buy more on say tdameritrade than ibkr with the same amount of big capital...if you have limited capital you can't even start a trade on ibkr...

in this sense it cost more to trade on ibkr...lol

so it depends lah what you wanna trade...

You are right regarding margins required for futures, so much more compared to even local brokers

It seems to transfer funds is quite limited though, Electronic transfer only for DBS/POSB account holders. I only have CIMB SG

The rest seems a little troublesome or am i missing something

You can transfer using FAST transfer.

For TDA as well ?

I am using IBKR already

Not sure for TD. No account with TD

1. What is tiered pricing?
2. Can Tradestation trade HK market like IB?
3. Yesterday I do some research on Tradestation website regarding their live date. Did they charge for live data and whats the difference between Level 1-3 data?

1. https://www.interactivebrokers.com/en/index...f=1590&p=stocks
2. Of course can. It's basically IB. You just sign up using tradestation global then you login, fund, buy and sell using IB website / IB TWS. You don't deal with tradestation global anymore other than initial opening.
3.IB never have live data. You want live data you pay for it.

oh yeah, I kept forgetting this.
I suppose Charles Schwab also the same?

yup.

Charles Schwab has extra...limited international market with exorbitant fees...

those who want to want to apply

but please do not contact me or the person for this.


Attached File(s)
 GUIDE_TO_OPEN_TDAMERITRADE_ACCOUNT.pdf ( 2.58mb ) Number of downloads: 353

Thanks bro for all the info!

Haha nice guide from MT, following all his movements since 2017 and he is a great guy

you join his clss before, for which class if you have?

I dint join his class but I got read his book and listen how his great live

Oh he got book? I want to do option but still learning

Ya you can go to his website and get one but just normal E-Book ya don't have option tutorial or whatsoever

What the book content about

I have an etrade account and if i remember correctly, the charge is USD25 for a transaction.

Their pricing listed in the website is $6.95 commission for stock

Anyone has deposit to TD before? Need help here with Maybank TT

charles schwab now commission free

not for trading global markets

ok that's right for global market their fee is high

Thank you for sharing this, this is really helpful. Do you happen to have a similar guide for IBKR?

Hi I don't because this was provide by a company provide by company when subcribe to option class

No problem... Thanks again.

Regarding the $0 commission for TDA, is this applicable for Malaysians funding the account from MYR?

This post has been edited by bmwcaddy: Sep 8 2020, 03:24 PM

TD does not accept transfer my Malaysia. (Eg using Ibft)
You can only deposit into TD uset legrapgic transfer.

0% commission is trades carry out on TD. Doesn't matter how you fund it.

so the only Fees i pay are the foreign telegraphic transfer (say Maybank to TDA)?

Afterwards, there's no fee for trading/buy & sell at TDA until I withdraw?

You pay TT fees, markup fees by maybank (both ways)
After that all trading is free.
When you withdraw, it cost USD25/withdrawal.

Hi, while waiting for TD approval.... i am testing Thinkorswim PaperMoney.... i notice it charges $3.95 regardless of qty or amount for each trade..... i supposed TD is already 0 commission platform right.... ? or this is just happening to PaperMoney?

Hi ThinkOrSwim requires a minimum deposit of USD25,000 for day trading. Is there any brokers that doesn't require such high deposits?

Almost 2 months since application but yet to be approved.

Is it just me? I've already furnished all the required documents on their page

hi, is TD provide real time or delayed?

Real time if you have at least USD 500 in the account.

Hi, i just saw this in etrade website, does it mean there are no charges for buying and selling the stocks?

The only chargers i have to pay is when i deposit/withdraw the money? USD25 i think


Attached thumbnail(s)

Hi, may i know how to check if my TDameritrade account able to trade option?

Td ameritrade sg gila nowadays
Avoid for a while
Live support via apps also tooks ages
Phone calls kena hold forever

Last time im with td ameritrade us,until they force to transfer account to td sg

lol yeah look at their google reviews. everyone is complaining. but hey, they offer $0 commission and no account inactivity fee. what other choices are there anyway

So do you file income tax on etrade???

Td or etrade???

How you file income tax on etrade????

hi, im new to this,

wanna ask if i open account with either of this, can i use my family bank account in SG to make deposit to account under my name? what else do i need to aware of?

strictly no third party deposit.

TD Ameritrade.

About ~2 months to get initial reply, spent a few hours doing supplemental docs/SGX quiz, then waited another 1 month+ for final confirmation (for funding)

What sgx quiz need to take???

Can't remember the exact name, but its a SGX Online Quiz, basically to ensure you are educated before investing into any financial products in Singapore (TD Ameritrade Singapore).

google is your friend