Ive been in the US stock market since 2019. Right now all my funds are in TD Ameritrade (Singapore). Im just concerned about leaving everything on just 1 platform since ill be holding for the next 20-30 years.

Do you guys split your US stock investments and if so what other good and stable alternatives are there? I dont want those fly by night type of platforms like Robinhood, etc.

Can transfer to other platform

Yes split

I dont want to transfer. Just want to create a second fund in a separate platform thats reliable and safe for the next 20-30 years.

Ok also then

But growth might be small, diversify elsewhere.

I think the US stock market is driven by growth especially large cap tech. Why do you think growth will be small?

You can start opening account using interactive broker, tsstytrade and first trade.

For me I don't bother. Cause people like chicken genius and Adam khoo got millions inside the brokerage.

Also my brokerage which is interactive broker very kiasi and got 0 debt/borrowing. So no issue for me.

This post has been edited by Ramjade: Sep 19 2023, 06:31 PM

Still using TD(sg) so far ok la.
Deposit and withdrawal also quite fast.

Let see how it goes after fully migrated to Charles Swabb.

How difficult is it for Malaysians to open up a Interactive Broker account?

Very easy. All online.

Risk high these day. Better keep in other instrument.

What are these risks you are referring to?
Also what other instruments?

This coming from Teslaman 😂

Yeah tech is definitely overvalued at the moment hence we are waiting for buying opportunities

I am using rakuten. So far so good

Not for long term holding of significant amount. Rakuten can bungkus anytime and you will lose everything. If short term trading its fine.

Tech is always over valued. Thats been the case from Day 1. Most of tech is valued based on future growth so over valuation is a given. The risk comes when share prices trade above the average future PE trend.

Why bungkus?
Rakuten is using ibkr back end if not mistaken.
And rakuten is big japan company.

Not so easy to be bankrupt coming from their Japan business 🤦‍♀️ also they are just using the branding for Rakuten while the assets are being managed locally by Kenanga

Yes back end by IBKR but the branding only use the name Rakuten hence you should not be worried because it is held locally and managed by Kenanga itself

Assets are held by Kenanga?

Yes 🤦‍♀️ otherwise how do you think are able to get SC approval for DAX

The assets are held locally in custody trust under the requirements of restricted CMSL license held by them

This post has been edited by xander2k8: Sep 25 2023, 03:06 PM

Since you got TD, hope you find this insightful.
27 October 2023
Beginning 27 October 2023, all remaining non-Accredited Investor accounts will be charged a monthly account maintenance fee of USD $50. Accounts with cash balances less than USD $50 will only be charged an amount to reduce their cash balance to $0 (zero). 

Current Retail Clients - Take Action

Starting in December 2023, TD Ameritrade Singapore will focus on Accredited Investors only—discontinuing services to non-Accredited Investors. We are grateful for the opportunity to have served your investing needs over the years.
If you do not wish to become an Accredited Investor or if you do not meet the requirements, you’ll need to act immediately to avoid any account impacts, such as fees and restrictions. 

You should have received an email from TDA Singapore this morning.

Otherwise, visit more information at: https://www.tdameritrade.com.sg/retail-clients.html

Still havent receive the email and look like i need to migrate to IB lioa...

aiyo.... why so sudden one...

in this case, is it better to migrate to IBKR or IBKR SG? Would other brokage firm in SG will face the same issue as Ameritrade?

This post has been edited by labtec: Sep 27 2023, 03:04 AM

Open IBKR LLC (us version). IBKR Sg is specifically for Singaporean. Don't know if this rule is into by sg govt. If yes you don't want to have IBKR account cause the same thing will happen to you. If youbhaev IBKR LLC even if it is really MAS problem, you won't face this issue as you are not under MAS jurisdictions but rather under SEC

I too don't feel comfortable putting all in 1 platform and will not do so. Ideally would prefer to have 2 US brokerages as investing in US stocks but at the moment only have IBKR. (Do have Singapore brokerage like Tiger but still prefer another 1 in USA). Ramjade has mentioned some US brokerages but apart from IBKR, those are not popular/not so good. Robinhood is only in USA and while you do not like it, its very popular among US retailers and also stock investors (as they feel its future is bright. Robinhood is expanding its products). I would have opened Robinhood but its only for US people.

This post has been edited by abcn1n: Nov 2 2023, 05:56 PM

Tiger uses IBKR. You want to move away from.IBKR, only options are Tastytrade and First trade.

Sigh. I've read before that IBKR got support Tiger. But I would think that funds all kept separate, so its still some safety net if put in both places instead of only IBKR. Have never heard of Tastytrade (except from you) although I have heard of First Trade (but feedback is that its not so good). Guess I will hold on for the time being on opening a 2nd US brokerage. Have enough 'adventures/headache' with OCBC and other stuff recently. Need a break

If you willing to pay 🤦‍♀️ why not open through bank brokerages like SCB

Err, not interested in SCB

SCB just an example 🤦‍♀️ got many other banks instead that you like only you have pay more brokerages

Heard of moomoo, usmart? All these must trade via funding to sg? Not possible to trade directly from Malaysia?

Of course. But moomoo is off limits now to Malaysian unless you got Singapore phone number or work pass or something like that. Cause they are launching soon in malaysia. I already have moomoo before they put up this road block. My place to park my SGD to earn some money. I heard of usmart but not interested as I already have tiger and moomoo.

Can trade from Malaysia. Only thing is you need to fund it using bank transfer and everytime you fund your account, you pay markup exchange rate by 2-3% and you pay TT fees. Now why would I want to pay bank extra money when I can fund directly from SGD at no extra cost? I convert RM to SGD at near moneychanger rate (way better rate than what Malaysian banks can give me) and have more SGD left over for funding.

When is moomoo coming to Malaysia?

Not sure

If consider inheritance, then not easy for beneficiary to claim money placed overseas. So there are other considerations unless you are permanently settled overseas?

Username and password and instruction for next of kin. I less you are very rich, then you use shell company or trust.

Since MooMoo is available in Malaysia now, does it incur lower fees to invest in US stocks compared to IBKR? Also if my US stocks is alrd in IBKR, is it possible to transfer them to MooMoo?

Possible to include Next of Kin in the will for them to be eligible fr inheritance frm IBKR?

lola88 buy sell in moomoo will be U$1.00 and above while IBKR still at U$0.35 cents. even if moomoo allows me to convert MYRUSD for 0.1% fee (it doesn't, it's 0.4% fee still cheaper than wise), the expensive commission fee will cost me more in long run

(you can't buy LSE securities through Moomoo)

forget about IBKR, too expensive to operate compared to other brokers in the same line, and provides a 15-minute delay date unless paid, this causes you buying blindly on the pricing
tasty trade smaller still more efficient compared to IBKR and cheaper.

0 commission and pay clearing fee for brokers such as Tastytrade, Schwab


myself i paid and average USD6000 to USD8000 per year on commission fees, with broker providing discounted rate after nego

Can but don't know how long the process to get your money out of IBKR will take. Not to mention US tax.

I use IBKR. Ok je. Come on la. Use tiger/moomoo/tradingview to get free data. Wow. That's a log on commission.

You don't factor in conversion of currency. I don't think tastytrsde give you excellent conversion rates.

This post has been edited by Ramjade: Mar 2 2024, 07:25 AM

which year was this? 15 min delay is definitely before my time. I use investing.com or marketwatch to verify what IBKR shows me, so far so good all tallies

of cos, now i have Moomoo for real time data also

nonetheless will checkout tasty trade (got referral code?) https://www.reddit.com/r/tastyworks/comment...astyworks_from/
seems like can use Wise, but Wise MYR->USD is expensive. now looking at CurrencyFair, but it seems like CurrencyFair only allow selected countries like singapore https://support.currencyfair.com/s/article/...?language=en_US

This post has been edited by Medufsaid: Mar 2 2024, 08:13 AM

use tiger trade to view live data, buy from ibkr for 0.35c commission. been following ramjade tactic, no complaints from my end lol.

Tasty Trade or Schwab, don't do the conversion, is the local bank.
both moo and tiger still having lagging data to trade.
tradingview unless paid rm45 ot 50 a month to get live data

the main reason why IBKR not my favor is because the commission charge are very uncertain, is just you buy something you dont know how much will charge you extra.

because of this many of my friend got into significant loss due to commission charge time after time

Moomoo and tiger live data enough if you don't trade. It's not lagging. I use their data. Trading view have free plans.

The fees for stock is mentioned clearly. Usd0.35/transaction. I less you are big fish.

You can always buy live data with IBKR. If you trade a lot, they can refund you the live data (depending on your package you buy)

function are over-complicated,

my per night turnover is about 3k to 30k USD a night,(still consider extreamyl small fish) so I am a bit more sensitive to all this because I am looking at a 5min chart to trade. my broker don't charge for buying stock, but just a clearing fee.

and data are free by the broker. i have a few friends who show IBKR we are having a hard time to understanding the charges.

sorry to mention majority trade are options.

This post has been edited by tkwfriend: Mar 6 2024, 01:16 AM

Care to share which is your broker?

MGM refer to his previous post

I am not a trader.

You can try and see which broker you like if you feel you don't like IBKR. There's tsstytrade (the guys who created TD), there's first trade.

https://international.schwab.com/
This is the website, as they take over think or swim/TD

ok my bad, LSE data still on 15 min delay. modified my LSE etfs positions on thursday and was reminded of it.

was trading US counters recently. those are real time

This post has been edited by Medufsaid: Mar 9 2024, 10:32 PM

Sorry to hijack the forum. Once again, thank you everyone here for providing valuable advice and information for us

Just wanted to ask everyone's opinion here. If you want to invest in S&P500, say hypothetically about 6 figures in cash for the long term, say more than 5 years, what would be the best option?

I'm thinking of Ramjade's method of opening a IBKR account via a CIMB SG bank and parking there? Or would it be more advisable to do it via Rakuten or any other local institution due to ease of legality, withdrawal issues etc?

Likewise what would be the best for a similar amount for US TBills Money Market fund?

Would appreciate advice. Thanks again

Angelo1990e CIMB sg bank has a change in procedure now. it's either you

• open CIMB sg bank and fund S$1,000 from CIMB m'sia (free money $$$ for banks thanks to cutthroat forex rates)
• or open MBB sg acct, then open CIMB sg for competitive SGD->MYR rates

This post has been edited by Medufsaid: Jul 6 2025, 08:08 AM