Theoratically yes but you pay for exchange rate and withdrawal

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

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

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

Usd25/withdrawal + subjected to markup exchange rates by Malaysian banks.

This post has been edited by Ramjade: Oct 31 2020, 07:52 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.

FSM

You don't need to be tech savvy to use VPN.
But you do need to fork out money. Usually USD40-50/year.
If you are like me lucky to land a lifetime VPN deal, you just pay once.

I use windscribe.
Cyberghost, private internet access is also good.

If windscribe offer me lifetime license again, I am more than happy to buy.

This post has been edited by Ramjade: Feb 2 2021, 02:09 AM

Lifetime license. Paid about USD50-60 one time.

5 devices. Can interchange. Now no more life time license by windscribe. They discontinue it.

You need to make sure your open vpn server is trusted.

Interface
Interactive broker have one of the worst interface (TWS desktop). It's not user friendly and is for traders. But a bit of learning and you are good to go.

Cost
TD is commision free but that's where the cheapest stop.
They charge you USD25/withdrawal.
Higher margin rate Vs Interactive broker
Their foreign currency is not real time. I believed they mark up slightly.

If you are using pure interactive broker it cost only usd0.35/transaction.
One free withdrawal a month.
Real time, real rates without markup.
Cheapest margin rates on the market at 1.59%p.a

Market access
TD is only for US market
Interactive broker is truly global. US, Canada, South America, UK, Europe, HK, JP, SG, AU. You name it.

Application speed
TD takes like 6 months
Interactive broker 1-3 days to get your account up and running.

Fractional shares
TD does not have fractional shares.
Interactive broker have fractional shares if you are using pure interactive broker.

This post has been edited by Ramjade: Feb 3 2021, 04:21 AM

Just webull or tradingview for chatting

Those Vpn have reputation to protect. If they screw up, the privacy community will know and immediately boycott.

Openvpn is just a free program anyone can use. It's open source. The question which servers is he using. Using the wrong servers will let operators know everything.

For me security is where I don't compromise and hence I pay for them.
https://techcrunch.com/2020/09/24/free-vpn-bad-for-privacy/

This post has been edited by Ramjade: Feb 3 2021, 02:01 PM

That's why simple just use VPN. One click and you are good to go.

1. I think yes.

2. TT charges, intermediate bank charges, hike up of exchange rate by Maybank and intermediate banks.

3. TT charges, intermediate bank charges, hike up of exchange rate by Maybank and intermediate banks.

Some correction
TD SG
1. No fractional shares.
2. Using of fintech is to help you to save on your TT cost Vs using banks. You can use banks and pay more. Downside is you have less money left to invest. Over long time, amount adds up. Your choice.
3. Subject to TD exchange rate also.
4. Take > 6 months for account to be opened.

TSG-IBKR
1. One free withdrawal a month. More than that you pay.
2. Accept third party transfer but money takes longer to enter Vs using direct deposit from sg banks under your own name.
- maybe required to submit proof of transfer 6-7 months down the road if using 3rd party transfer.
3. Not tedious to set up as everything is online.
You just sign-up via whitelabels page and subsequently login using IBKR site. Funding also uses IBKR bank account. Trading will take place on IBKR site.
4. Interface for TWS is not user friendly. Client portal is ok.
5. The USD 2.5k involve your portfolio value so you don't have to actually park USD 2.5k cash inside. You just deposit Usd2.5k of cash and start investing. Just make sure the amount you have inside is > USD2.5k (very easy to achieve overtime)
6.If you use pure IBKR (non whitelabel) you have access to fractional shares.
7. IBKR rates are real time rates without any markup.
8. Commision are dirt cheap at USD1.50 for whitelabels and USD0.35 for pure IBKR

Majority of ark stuff are not having any profit and don't pay a dividend. So dividend is of no importance if you are investing in ark. Buying ark directly is cheaper. Annual fees of 0.6-0.7% Vs 1.5-1.6% if you go via unit trust route.

SC blacklist doesn't even concern me at all cause SC blacklist is politically motivated. If it passed US, and SG regulatory bodies, who cares.

Hope this help.

This post has been edited by Ramjade: Feb 8 2021, 11:49 AM

If you have no real time job, trading is counted as tax. Need to declare to LHDN. 30% dividend tax from US side. That's all. If you have job, not needed to declare.

The inactivity fees will still be enforced unless you can generate USD10 worth of commision. If you can only generate USD1.00 of commission, you only pay USD9.00. Pretty difficult cause you need to trade like 29x a month.


Yup. Fractional shares only for those on IBKR pure account. Not IBKR whitelabels.

Yes. 2 way.
1st way
1. Dump TD.
2. Switch to Interactive Broker.
4. Open sg bank account.
5. Use sg bank account to deposit and withdraw money to and from IB. No fees.

2nd way, don't withdraw unless you really need it.

You can use whitelabels of IB. No monthly USD10 charges But you pay higher commision of USD 1.50/trade and USD2.00/conversion of money.vs using pure IB at USD0.35.

There's a thread here in lowyat forum. All you need is a CIMB Bank account or Maybank account. Don't even need priority banking.

Maybank sg account. But you will need Maybank Malaysia account to open a sg bank account. A condition by Maybank sg.

But if you opened with Maybank, sgd500will be lock inside Maybank sg. If you have less than sgd600 inside, Maybank sg will charge you sgd2.00/month.