Anyone use TD Ameritrade?

[qsgsgs]

Opened a TDA account and put in 100k. But every put option I sell takes up the full value of the shares of my buying power. Can only sell a couple of puts....

Wrote in and was told mine is. Tier 2 margin account, after I filled up the account upgrade form.

Anyone knows how to fill in the account upgrade form in the right way to get to tier 4 ?

My friend ac on tier 4, 4 AAPL options only take up 3k of buying power!

Your friend likely is on Portfolio Margin. 100k net liq should qualify you for it.

 

[slowpoke]

Ah! Thx! I will pump it up to USD 100k and see how! I put in sgd 100k.

Is this the portfolio margin you are referring to?
https://tlc.tdameritrade.com.sg/cen...us/Portfolio-Margin-SINGAPORE-DO-NOT-ACTIVATE
If so will need USD 125k

 

[slowpoke]

Sorry meant tier 3 account.

This is the section of that upgrade form.

https://www.tdameritrade.com.sg/con...sg-hk/sg-pdfs/SG-MarginOptionsUpgradeForm.pdf
Section 7 -0options account tier. I would like to get tier 3

 

[qsgsgs]

Ah! Thx! I will pump it up to USD 100k and see how! I put in sgd 100k.

Is this the portfolio margin you are referring to?
https://tlc.tdameritrade.com.sg/cen...us/Portfolio-Margin-SINGAPORE-DO-NOT-ACTIVATE
If so will need USD 125k

Yes that's the one. Mixed up with IBKR Portfolio Margin which is 100k USD min net liq.

 

[blurpandasg2014]

What is the best method to withdraw TDA funds without incurring too much fees

 

[tour_de_forcez]

What is the best method to withdraw TDA funds without incurring too much fees

I’m thinking of the same….TDA really getting less attractive now with webull offering fuss free withdrawals.

 

[jinsatkilife]

What do you need to do to get option approval tier 4?

 

[celtosaxon]

What is the best method to withdraw TDA funds without incurring too much feesI have been investing for over 25 years and I’ve never made a withdrawal. I rarely sell any investment either, my ideal holding period is forever.

In over 25 years of investing, the closest thing to making a withdrawal was the transfer I did when E*TRADE Singapore shut down. Did an ACAT to TD Ameritrade. Didn’t cost that much ($29 maybe?) and TDA was willing to reimburse the expense, but I was too lazy to claim it.

 

[wira]

I’m thinking of the same….TDA really getting less attractive now with webull offering fuss free withdrawals.

im waiting for webull to support sell options

 

[Spirax]

Left only TD Ameritrade offering zero commission for USA stock now

 

[oceanstar]

TDA is asking for my CPF/ payslips. is it the norm? i never had any brokers asking for these. for employee verification

 

[reddevil0728]

TDA is asking for my CPF/ payslips. is it the norm? i never had any brokers asking for these. for employee verification

employee verification meaning? your firm uses TDA as their share plan administrator?

 

[oceanstar]

employee verification meaning? your firm uses TDA as their share plan administrator?

no my company does not use TDA. so i wanted to open account on TDA, and there is a section that ask for employment verification. and they specifically ask for payslip or CPF statements. i thought its just verifying my employment status so censor off the amounts..but leaving my company name so they can see every mth my employer is crediting to my CPS. they rejected it and say they want to see the numbers. i thought is emploment verification, not income verfication. other brokers never ask to show full income so i find it very strange, what they trying to verify actually. if want to verify income, they should have just said so, and not say they want to verify employment

 

[blurpandasg2014]

Sharing my experience withdrawing from TD

1) USD25 withdrawal fee by TD
2) $10 telegraphic charge by POSB
3) Poor exchange rate by POSB (1.32 vs 1.329 by Tiger broker)

 

[mimicoco77]

Been using them very long .. before they known as Think or Swim

 

[CrashWire]

Sharing my experience withdrawing from TD

1) USD25 withdrawal fee by TD
2) $10 telegraphic charge by POSB
3) Poor exchange rate by POSB (1.32 vs 1.329 by Tiger broker)

Probably too late, but you could have withdrawn your USD to a DBS MyAccount or other multi-currency account and transferred to somewhere else for conversion back to SGD.

 

[sglandscape]

Sharing my experience withdrawing from TD

1) USD25 withdrawal fee by TD
2) $10 telegraphic charge by POSB
3) Poor exchange rate by POSB (1.32 vs 1.329 by Tiger broker)

Consider moving to IBKR.

 

[SaulGoodman]

no my company does not use TDA. so i wanted to open account on TDA, and there is a section that ask for employment verification. and they specifically ask for payslip or CPF statements. i thought its just verifying my employment status so censor off the amounts..but leaving my company name so they can see every mth my employer is crediting to my CPS. they rejected it and say they want to see the numbers. i thought is emploment verification, not income verfication. other brokers never ask to show full income so i find it very strange, what they trying to verify actually. if want to verify income, they should have just said so, and not say they want to verify employment

td is damn ma fan to create now. even had to submit the due diligence form. i switched to moomoo

 

[IcYFl4mEz]

For those on TD, i received a form to file taxes. But if non americans, can ignore right?

 

[oceanstar]

Hi. does anyoneknow if i can use DBS remit to fund my account? i have a sum of USD in DBS multicurrency account and they provide free remit. the CS at TDA doesnt seem to be helpful in clarifiying my question. or can someone advise how i can transfer my USD in DBS over? TIA