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Investment TD Ameritrade Singapore, Withdrawal and Funding
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GamaX320
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 Oct 29 2020, 02:29 PM
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QUOTE(Ziet Inv @ Oct 28 2020, 01:05 AM) Just to update, TDA SG finally e-mailed me after my application since early September (or late August). Just requesting for further info and validating a few ones too. Also, since I'm not qualified to complete the Customer Account Review (CAR) document, I was directed to complete the SGX SIP Module which is done within 30 minutes (thanks to google lol!) Waiting for their further response I also receive same email to complete SGX quiz, but facing some problem during create SGX account which primary broker firm and secondary broker firm you choose? |
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Ziet Inv
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Oct 29 2020, 02:38 PM
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QUOTE(GamaX320 @ Oct 29 2020, 02:29 PM) I also receive same email to complete SGX quiz, but facing some problem during create SGX account which primary broker firm and secondary broker firm you choose? i just tembak iFast (i got FSMOne account) and CGS-CIMB (coz im opening CIMB SG soon) |
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abcn1n
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Oct 31 2020, 01:57 AM
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QUOTE(Ramjade @ Oct 26 2020, 01:19 AM) Think or swim is now TD. Depends on how you look at it. TD does not have access to other markets. Not to mentioned there's some pretty heavy withdrawal fees while IBKR give one free withdrawal a month. You can forget about reply. They get backlog because they offer zero commission. So I heard they are still processing march application. Wow, $0 commission now. What's the withdrawal fees like? Couldn't find it anywhere in the FAQ |
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Ramjade
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Oct 31 2020, 07:52 AM
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QUOTE(abcn1n @ Oct 31 2020, 01:57 AM) Ramjade Wow, $0 commission now. What's the withdrawal fees like? Couldn't find it anywhere in the FAQ Usd25/withdrawal + subjected to markup exchange rates by Malaysian banks.  This post has been edited by Ramjade: Oct 31 2020, 07:52 AM |
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abcn1n
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Oct 31 2020, 02:35 PM
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QUOTE(Ramjade @ Oct 31 2020, 07:52 AM) Usd25/withdrawal + subjected to markup exchange rates by Malaysian banks. Thanks. TD mentioned that funding in S$ (no problem here as have Sg bank account). Do you know what exchange rate they use to convert S$ to USD when buying US stocks? For FSM Singapore, we actually have to convert to USD using their forex rates which we can see how much it is first (before buying). If the conversion rate from S$ to US$ for TD is not good, no point using even if $0 commission. Any idea if they convert all our S$ at once when we do funding or they just convert it each time we want to buy? This post has been edited by abcn1n: Oct 31 2020, 02:36 PM |
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GamaX320
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Oct 31 2020, 03:21 PM
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QUOTE(Ramjade @ Oct 31 2020, 07:52 AM) Usd25/withdrawal + subjected to markup exchange rates by Malaysian banks. if withdrawal from td, can bank in to any msia bank account? |
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Ramjade
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Nov 1 2020, 12:39 AM
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QUOTE(abcn1n @ Oct 31 2020, 02:35 PM) Ramjade Thanks. TD mentioned that funding in S$ (no problem here as have Sg bank account). Do you know what exchange rate they use to convert S$ to USD when buying US stocks? For FSM Singapore, we actually have to convert to USD using their forex rates which we can see how much it is first (before buying). If the conversion rate from S$ to US$ for TD is not good, no point using even if $0 commission. Any idea if they convert all our S$ at once when we do funding or they just convert it each time we want to buy? No I don't know their exchange rate. Yes need to use FSM exchange rate. Not the best rate but slightly cheaper than banks. Cannot beat IBKR rates though. If you sign up for autosweep, they auto convert for you. QUOTE(GamaX320 @ Oct 31 2020, 03:21 PM) if withdrawal from td, can bank in to any msia bank account? Can. Kena charge USD25/withdrawal (TD side) + and additional charges by Malaysian banks + markup exchange rate courtesy of Malaysian banks = you get less money back.  |
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abcn1n
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Nov 1 2020, 01:44 PM
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QUOTE(Ramjade @ Nov 1 2020, 12:39 AM) No I don't know their exchange rate. Yes need to use FSM exchange rate. Not the best rate but slightly cheaper than banks. Cannot beat IBKR rates though. If you sign up for autosweep, they auto convert for you. Can. Kena charge USD25/withdrawal (TD side) + and additional charges by Malaysian banks + markup exchange rate courtesy of Malaysian banks = you get less money back. Thanks. The autosweep, you are talking is for IBKR right? |
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Ramjade
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Nov 1 2020, 07:41 PM
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QUOTE(abcn1n @ Nov 1 2020, 01:44 PM) Ramjade Thanks. The autosweep, you are talking is for IBKR right? FSM |
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abcn1n
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Nov 1 2020, 11:38 PM
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QUOTE(Ramjade @ Nov 1 2020, 07:41 PM) Thanks |
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GamaX320
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Nov 9 2020, 09:00 AM
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QUOTE(Ziet Inv @ Oct 29 2020, 02:38 PM) i just tembak iFast (i got FSMOne account) and CGS-CIMB (coz im opening CIMB SG soon) after you submitted SGX quiz take how long to account activate? |
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Ziet Inv
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Nov 9 2020, 11:05 AM
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QUOTE(GamaX320 @ Nov 9 2020, 09:00 AM) after you submitted SGX quiz take how long to account activate? No reply until now  I already opened my IBKR (TSG) and traded with it haha! |
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GamaX320
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Nov 9 2020, 12:15 PM
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QUOTE(Ziet Inv @ Nov 9 2020, 11:05 AM) No reply until now I already opened my IBKR (TSG) and traded with it haha! I see. IBKR need minimum amount to maintain account active? |
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Ziet Inv
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Nov 9 2020, 12:22 PM
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QUOTE(GamaX320 @ Nov 9 2020, 12:15 PM) I see. IBKR need minimum amount to maintain account active? TSG (IBKR) - Yes, USD 1000 minimum to negate USD 10/month inactivity fee, no fractional shares trading tho. |
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whyang80
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Nov 24 2020, 09:16 PM
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Getting Started
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QUOTE(labtec @ Jun 7 2020, 10:57 AM) there is no limit. if there is limit, the limit would be on your local bank side, not When transferring back to Malaysia. Will we get queried by bank negara? Or will get flagged? |
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dwRK
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Nov 24 2020, 10:39 PM
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QUOTE(whyang80 @ Nov 24 2020, 09:16 PM) When transferring back to Malaysia. Will we get queried by bank negara? Or will get flagged? if big sum...bank will ask you... if your answer not satisfactory bank will report to bnm |
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whyang80
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Dec 4 2020, 11:38 AM
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Getting Started
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QUOTE(dwRK @ Nov 24 2020, 10:39 PM) if big sum...bank will ask you... if your answer not satisfactory bank will report to bnm May I know what's the amount considered big or small? Or depends on luck? |
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dwRK
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Dec 4 2020, 12:30 PM
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QUOTE(whyang80 @ Dec 4 2020, 11:38 AM) May I know what's the amount considered big or small? Or depends on luck? I'm not sure. probably depends on your account type, size, history... |
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kayron P
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Dec 4 2020, 05:39 PM
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New Member
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Wanna ask anyone who tries TDASG and WEBULL, I have questions.
Webull deposit 12.5USD withdraw 45USD where as TDASG deposit (Free?) withdraw 25USD.
Apart of that any other difference?
I am new to this and just got my account approve from Webull and found out TDASG trade are now zero fee as well. Before i dump money into one of them, wanna know which one is better.
Thanks.
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xerxesbear_1 P
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Dec 9 2020, 11:00 AM
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New Member
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QUOTE(eddysh @ Aug 4 2020, 09:25 AM) Hey, anyone have try using transfer USD from CIMB SG to TD Ameritrade? Yesterday, using Maybank2u transfer USD to TD Ameritrade has been charged USD25 for transaction. Maybank side charge RM10 and AD ameritrade charged USD25. Transfer USD1,000, account show USD975. How do you send money in USD from your maybank2u account to TD ameritrade? Do i need a special maybank2u account to hold USD? because i know my maybank2u account is in MYR. |
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