Anyone use TD Ameritrade?

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lightforx

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I've just registered and awaiting confirmation.

I noticed that it defaults to Margin Account registration.
Is there an option for Cash Account?
 
occifer

occifer

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lightforx said:
I've just registered and awaiting confirmation.

I noticed that it defaults to Margin Account registration.
Is there an option for Cash Account?
Click to expand...

Juz dont use more than your own deposited cash amount is best.

Sent from me using GAGT
 
pokkacoffee

pokkacoffee

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lightforx said:
I've just registered and awaiting confirmation.

I noticed that it defaults to Margin Account registration.
Is there an option for Cash Account?
Click to expand...

Same. mine is also default margin account. Was looking for the option to change to cash account to avoid pdt rule.
 
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lightforx

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PDT = Pattern Day Trade.
Restriction on Margin Accounts unless you have >25k.

I'm writing to them to ask about the cash account or at least how that works in the system.
 
F1ngolf2012

F1ngolf2012

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blurpandasg2014 said:
Who want share the referral rebate (50/50)? Pls pm me the referral link
Click to expand...
Hi, your inbox is full. So can't PM you my response to your question. Anw, below is my reply on funding:

The lowest cost (free) is via posting a local bank USD cheque (if you already have USD) to TDA SG office. However, this would take a week+ before you see the fund credited in your account. The next should be via DBS which takes 2 days.
 
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cajoled

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Hi, am looking to create a new acct with TD. Let me know your referral code; looking to split the bonus 50/50, thx!
 
K|muRa^84

K|muRa^84

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revhappy said:
I believe you have to send USD to TD. So the conversion happens before your funds hit TDA.

TDA doesn't understand any currency other than USD.
Click to expand...

not worth the hassle in my view, given that IBKR already charges very low fees for US stocks
 
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