Hi,

May I know how do you fund and withdraw funds from TD Ameritrade?

Is it just using Malaysia bank to fund, and withdraw it directly into your own Malaysia bank? Or do you use offshore/Singapore bank?

Thanks.

yes, you can. just provide the information to bank and the banker will fill up for you.

https://www.tdameritrade.com.sg/why-td-amer...nd-funding.html

Yes you can. I used maybank2u to fund. Quite easy and fast

Thanks, how about withdrawal? Also back to your Malaysia Maybank account?

Thanks Labtec, may I know for withdrawal you also to Malaysia Maybank right?

as in using international telegraphic transfer?

Yeap

i see.. guess u'll need to go through the higher bank charges and unfavourable exchange rates

how about when u withdraw from ur TD Ameritrade acc? goes back straight into ur maybank acc? TS is waiting for ur reply regarding this

you can wire to any bank you want, ameritrade just helping with your wire transfer instruction and there is no fee. The exchange rate will based on your receiving bank and the bank or the middleman bank will charge you a fix wire transfer fee, just like your normal wire transfer.

yes, when withdrawing also back to maybank account. all these with a fee... i forgot how much already.. but there's a limit if online.. which is rm10,000 every time

I see, thanks all for the help!

Hi Stephdreamcloud, I have tried to find my newly open TD Ameritrade SG account using foreign Telegraphic Transfer via Maybank2U online but I am stuck at Transfer Details in which I have to state the purpose. There’s no way for me to select ‘For Investment’, it only allows selection of transfer to family, as wages or education service abroad. May I have your advice in this matter please? TQ

I will pm u on the details abit later today because no time to on P.C. yet. There’s quite a lot of field to fill before the maybank2u auto log out so get all details ready.



This is the details I asked from td Singapore in order to fill in maybank2u tt. U can try first.
U can ask from them this doc if u want but they haven’t replied me for two weeks since my last email to them on the trade commission thingy

I remembered once filled all in then easy to just click click. Got investment thingy also one. And there’s a blog online that blog about the steps too. Hope this helps

SGD or USD

choose this. if all has been filled in correctly, all these will appear and you just select accordingly.

convert ringgit to usd (there will be a field for you to do so in the tt page in maybank2u)

I tried with Malaysia CIMB bank (CIMB clicks) but it was refunded

Hi guys , i am new to TD ameritrade as well. Hows the dividend go if your holding company pay out dividend? It will stay in your thinkorswim account?

why does my sub purpose only shows "private transfer - to immediate family members" ? been having this issue for 2 days now, have no idea what to do

At my first try, I had that issue too. But I realised after filling up all correctly, it appeared ya.

yup - in held in your TDASG and remember, dividend tax is 30% if you're an NRA (Non Resident Alien) to US' IRS tax laws

Don't use TDA SG. Just keep it for TOS.
$10.65 per trade. So expensive.

If you do even a few trades a month, other brokers such as Tradestation global fees are way more reasonable.

Yea, i am aware of that. thanks for your reply .

Thanks, apperently the youtube video I watched entered the recipient nationality as "Malaysian" and I followed it, it didnt work which was the cause of the problem, once I changed it to "non-malaysian" the rest of the sub purpose option appeared.

How much would be the minimum amount to deposit to my account, recently tried depositing MYR 50 in to my account
(just to make sure i know what im doing, and its the correct way and is actually showing in my account)
it still hasnt popped up in my account for 2-3 days.
Now im just wondering if from my original deposit amount, they have deducted fees and/or charges, which made my original deposit amount to become MYR 0 ?

Hi, may I know what is TOS?

Thinkorswim
The desktop trading apl from TDA

Give it another few days. But I can’t remember how much maybank charged already for TT. I only know there’s no minimum. But I don’t think would be zero

there is no limit. if there is limit, the limit would be on your local bank side, not

have you found out the correct way to fund the account? I was trying to fund my account also, and was facing the same issue.

but i noticed this is happens when we choose 'nationality' as Malaysian under Recipient's Details. Switch to Non-Malaysian then we can see a lot of choices in sub purpose.

and here comes the problem, if the recipient is non malaysian, the transfer limit is 10k.

Anyone here can guide me on this ? should i choose malaysian or non-malaysian for Recipient's details? i have googled on this, got two kinds of tutorial i dont know which is the correct one to follow

Just curios does TD Ameritrade SG is the company while their trading tool is TOS?

Do they revised the pricing as I see from their website is $0 commission fee and $0.65 for option.

Anyone used CIMBCLICKS to fund their TOS account?

Hi,

Just to confirm, the below is what I've noticed from my TDA SG account regarding funding.
I've noticed there's no 995007389[Your 9 digit TDA Account] instructions. Where does the 995007389 comes from?

I've done my initial funding via MBB2U but I've wrote the Wells Fargo Acc num wrongly (123214561 instead of 4123214561)
I'm waiting/hoping to get refund asap (but i think I might lose some cash because of the fees involved).
Want to ensure I'm doing things correctly when I'm doing another transfer of funds. Generally, how long would the money appears in TOS?


Wire Transfers

Send Wires to:

Wells Fargo Bank, NA
420 Montgomery Street
San Francisco, CA 94104

SWIFT Code: WFBIUS6SXXX
(use when sending funds from an institution outside the U.S.)
ABA transit routing #121000248
(use when sending funds from an institution within the U.S.)

Beneficiary:

TD Ameritrade Clearing, Inc.
200 South 108th Ave.
Omaha, NE 68154-2631
Account #4123214561

Payment details or for further credit to:

[Your name]
[Your nine digit TD Ameritrade Singapore account number]
[Your address]

Was wondering if anyone here used other methods to deposit/withdraw? Eg. Transferwise, Worldremit, Instarem..

usa ppl on tda usa account no fees

we ppl on tda sg account pay full fees

May i know how much initial funding you all put in? ...td said min 3500usd?

Would like to ask, if I would like to transfer the cash in TDA account to another broker (in same currency), is there any transfer fees charged from TDA side? I couldn't find any information on that.

$25 withdrawal fee

I just received a reply from TD Ameritrade SG's customer service. It cost $75 to move funds!!! that's really expensive. Seems like the rates published for TD Ameritrade are for accounts sitting in US. Those accounts in SG are all charged much higher fees...

wow... cut throat

I check their sg website... still says outgoing wire $25... the only $75 fee is for ACAT transfer... their cs sucks got confused?

I would print the website info, do a withdrawal and if charged $75, file complaint to MAS and sue their pants off...

Maybe from broker to broker is considered ACAT. Maybe wire transfer is oni for transfer into normal banking accounts.

acat makes life easy to transfer everything from one broker to another

you just wanna xfer cash...use wire withdrawal ah...

Guys, how long did TD Ameritrade SG process your new application when opening an account? It's already 3 weeks since I lodge my application and submit the documents required but still haven't got any confirmation from them. Also, no one from their customer service is answering my calls. I read poor CS of TDASG

Got it approved within 2 months.
That’d be your benchmark.

Thanks for the prompt response. Are you still using TDASG? Have you faced challenges in dealing with their CS, withdrawal procedures as well?

This post has been edited by rafurap: Jul 26 2020, 10:58 AM

Yes, still using it.
Haven’t done any withdrawals yet as I’m trying to grow my portfolio but funding is a breeze. $25 will be deducted for the transaction.
Got myself realtime data as well without paying. For me, I prefer TOS than IB. Of course, account opening is annoying and I need to do that SGX exam as well as one of their pre req.

Sorry, what is this SGX exam for?
With regard to funding, is there still a limit of 10K RM for non-Malaysians doing FTT?

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.

TD Ameritrade does not charge any fee. It's the US bank who did the wire transfer is charging you $25.

Mean the bank "Well Fargo" charged USD25? (I funded into Well Fargo Bank)



How about withdrawal? As per TD Ameritrade website "Outgoing Wire Transfers" is USD25. If i withdrawal USD1,000 and fund into my maybank (or other bank) account. The TDA. charged USD25 and then maybank (or other bank) will charge incoming fund?

yes, all wire transfer will be charge $25 by well fargo bank or other bank who handle the wire transfer, unless TD ameritrade absorbed the fee for you. Whether your local bank will charge fee for the handling of the wire transfer, you have to check with your local bank on the fees.

This post has been edited by labtec: Aug 4 2020, 05:26 PM

Anyone can verify is FAST available to transfer into tdasg apart from dbs/posb? Thx

R u from Malaysia, I'm from MY and using Maybank2u, 1 day process only, but bank charges is higher as above case.
R u using DBS/POSB funding and how much the bank charge?

Anyone using CIMB Sg to funding?

Yes im from my ...but im asking if can transfer from mbbsg/cimbsg using FAST to their sg account ..never try before

Refer to TDASG's funding information, https://www.tdameritrade.com.sg/why-td-amer...nd-funding.html
=> No transferring via FAST from other Singapore banks

However, I think it works the same no matter it is Msia or SG banks, money still wire to US account and remittance charges incurred.
Unless you own any DBS/POSB account at SG where it costs $0 transfer fee for online electronic transfer.

Hey, can we use CIMB Sg fund into DBS/POSB account? Anyone try before?

submit application on monday for TDSG, as of now pending.
submit application for another brokerage account 2hour ago, as of now,approved.

sigh..

I submitted 1 month ago. Still pending. Followup everyweek. Slowest broker in the world. Even IKBR approved within 2 weeks. If not for their free level 2 market data, i wouldnt even bother.

TSG or IBKR?

TSG. After account opening you deal directly with IKBR as I understand. I use IKBR app, services etc. TSG is transparent to me.

Sure provided you have DBS or POSB bank account as well.

I heard news that TD in USA is down for 2 days. Does TD Singapore being affected too?

TD Singapore is having zero commission fee to trade US stock. Does that mean buying and selling US stock does not need to pay any brokerage fee and other fees?

Theoratically yes but you pay for exchange rate and withdrawal

Hi,

May I ask, while trading on TOS platform (example i have US$ 1,000 in it), what is the breokrage/commission fee?

What am I paying for each Buy and Sell ?

Thanks

You can Google for it.
https://m.facebook.com/story.php?story_fbid...578835322140360

Uhmmm wrong link? haha

by the way, the reason why I asked is because some of the forumer say foreigners (malaysians like us) will still be charged, but their website mentioned $0 commission fee;

so that is why im very confused

Sorry. Wrong info.
https://www.tdameritrade.com.sg/why-td-amer...de/pricing.html

few weeks ago...tda eliminated stock trading commission... so the forum info you read is now obsolete

This post has been edited by dwRK: Sep 9 2020, 10:23 PM

that explains it, thanks!

so the only money im paying are TT fee + Wells Fargo (USD25) + withdrawal fee

sending money - local tt (around Rm10 I think) + intermediary bank ($25, but depends, if direct to Wells Fargo then $0)

withdraw - $25 by tda(Wells Fargo) + local bank inward receiving fee

trading stock - fraction of cents per share to exchange/regulation fees

trading futures/options - full commission + exchange/regulation fees

hm... got me curious to check TDASG's current terms VS their terms to me (2016 account). Sharing my findings below - looks like i've to poke TDASG to get their current terms if no additional T&C la

Based on current terms:
Stocks & ETFs: Trade unlimited shares for $0.00 per trade.
Note: $0 commission applies to U.S. exchange-listed stocks and ETFs. A USD$7.44 commission applies to online trades of over-the-counter (OTC) stocks.

Options: USD$0.70 per contract, with no ticket charge, exercise or assignment fees. Option fees are waived when you buy to close any short individual or single leg option for USD$0.05 or less.

https://www.tdameritrade.com.sg/faqs.html#:....05%20or%20less.


VS
My XOM fees/commission as i sold PUT options.
4 contracts for commission $4 +misc fees $0.09 VS current offer $0.70*4=$2.80


My XOM PUT option being assigned .
Assignment fees/commission $15 VS current offer FOC on assignment


This post has been edited by wongmunkeong: Sep 10 2020, 09:50 AM

Guys, can you kindly confirm if funding your TD Ameritrade account via Maybank2u Online FTT will require to put combination of Passport/IC No. + TD account number under the IC/Passport field?

IC or passport will do. Under description put your name + td account

sorry, which "description" are you referring to?

Transaction details I think.

just registered for a td sg margin account, awaiting approval, anyone know min deposit to start trade options ( i trade using debit spread strategy mostly )? thanks in advance *using tastyworks as my primary broker currently

Hi Guys, want to ask if I open TOS.

Is it thru TD ameritrade SG's TOS ?

I heard some says Tradestation global is cheaper s it true?

It's been 2 months since I've applied TDA SG, until now no response

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.

This post has been edited by Ramjade: Oct 26 2020, 10:02 AM

same here been submitted all document still in processing my application.

Haiz damn sad man, thanks for your reply!

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?

i just tembak iFast (i got FSMOne account) and CGS-CIMB (coz im opening CIMB SG soon)

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

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?

This post has been edited by abcn1n: Oct 31 2020, 02:36 PM

if withdrawal from td, can bank in to any msia bank account?

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.

Ramjade Thanks. The autosweep, you are talking is for IBKR right?

FSM

Thanks

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!

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.

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

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...