I got my Accredited Investor status approved today. Hope the new set up goes smoothly and no surprises.

After we move all the asset out from TD Ameritrade sg, do we need to close the account?

Or the account will automatically closed if there is nothing there?

How big does the sum have to be before they block? RM10k or more?

Automatically close.

Hi.. so IBKR is the better choice compared to Schwab? I am used to thinkorswim so am considering schwab but it looks like most people prefer IBKR. Any reason why?

can buy stocks from worldwide exchanges...

and boycott Schwab/TDA... stupid shit... force ppl to move from tda usa to tda sg... now force ppl out...

Haha. I was one of the customer who was forced to close TDA USA and asked to reopen with TDA Singapore (which I never did).

Mine has always been with TDA SG.

I am mainly interested in US stocks though and IBKR charges a commission as compared to CS. I day trade on days when I have time to look at the market and the commission for IBKR is going to add up fairly quickly. It seems IBKR does provide significantly more interest on your cash balances, provided your cash balance with them is US$100k and above.

I have initiated a/c opening with CS but I wonder if they are just going to refer me back to TDA SG... lol.

Not cash balance. Its NAV of USD100K and cash balance beyond the first USD10K.

Can any pro suggest any other platform which recommend for the US shares/option trade ?

Just withdrawn my account from TDA.

This post has been edited by daniel119: Nov 16 2023, 01:10 PM

Why didnt you do a direct ACATS transfer from TD to IBKR? Thats what most ppl did.

If you want from original designer of TD, tastytrade for their interface.
If you don't mind Interactive broker.
Another alternative first trade

Now that I've closed the TD Ameritrade account, Can I still access all TD Ameritrade account statements? Whom do I contact?????