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.
Thanks for the correction Ramjade. I just want to ask if there a withdrawal limit with TDA?
but the settling time for the money is like 1 week. Is there a faster way to fund?
Dec 9 2020, 11:00 AM
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