Anyone use TD Ameritrade?

[lasnoblur]

isit true that TD is bad?

i am tempted to register but the bad reviews held me back.

 

[Icychemist]

isit true that TD is bad?

i am tempted to register but the bad reviews held me back.

I love their charting platform though! I think their service is quite good as well. I don't use them for trade execution though.

 

[moolala]

Erm, the indicator depends on the chart that you are using.

If you're using daily time frame, the 200 period will be based on days.
If you're using 5 minutes time frame, the 200 period will be based on 5mins.

And that's when the flexible grid/charts come into play.

In 1 screen, you can set up a few candlestick chart. On the left side, u can use daily bar, on the right side, you can use minute bar. It's up to you to customize!

And the difference between flexible grid and chart is, flexible grid allows you to place your chart in a more flexible manner. Like you can have, 2 on the left 3 on the right.

As for chart, you can't exactly 'customise' the size of each chart.

Hard to explain via words. Will be better if u google for images.

I see, got the chart and flexible part.. they should just make both flexible lol

aw, that's quite silly, it should be configurable so that u can see 200 day sma on 1 min chart etc
wanted to switch to tos from tradingview since need pay for tradingview to be decent

isit true that TD is bad?

i am tempted to register but the bad reviews held me back.

yes I wanted to switch to td because their charting and tools really top class.

 

[wulunzun]

isit true that TD is bad?

i am tempted to register but the bad reviews held me back.

Can you share where you read the bad reviews?

The main reason I'm using TDA is that they are the only broker in SG offering 0% commission. This is a big deal for me.

So far, the only issue with using TDA is the speed of funds transfer. You need to wait 2 working days before the fund gets from Singapore to your TDA account. For me, it's not a big issue as the other advantages outweigh this like excellent PC software, pretty good SGD-USD forex rate, and most importantly, no commission.

 

[lasnoblur]

Can you share where you read the bad reviews?

The main reason I'm using TDA is that they are the only broker in SG offering 0% commission. This is a big deal for me.

So far, the only issue with using TDA is the speed of funds transfer. You need to wait 2 working days before the fund gets from Singapore to your TDA account. For me, it's not a big issue as the other advantages outweigh this like excellent PC software, pretty good SGD-USD forex rate, and most importantly, no commission.

some reviews on the bad customer service.

 

[cryn79]

Hi all,

I just called TD and was informed the a/c has been activated.
I had not received any confirmation e-mail. Aside from the e-mail, is there anyway to see tht the a/c has been activated? thnks !

 

[OnePunchMan]

Hi all,

I just called TD and was informed the a/c has been activated.
I had not received any confirmation e-mail. Aside from the e-mail, is there anyway to see tht the a/c has been activated? thnks !

when you check your Account centre after you login.
Your *Paperwork Approval* should have a tick beside it.
An arrow will be beside *Fund Your Account*.

 

[oinkoink1999]

hi all, there is a 15USD of "foreign security fee" charged to my account today. Any idea what is this about? is this additional charge for OTC counter?

 

[cryn79]

when you check your Account centre after you login.
Your *Paperwork Approval* should have a tick beside it.
An arrow will be beside *Fund Your Account*.

Hi one punch man,

Thnk you!

 

[ecgwee]

Hi all,

I just called TD and was informed the a/c has been activated.
I had not received any confirmation e-mail. Aside from the e-mail, is there anyway to see tht the a/c has been activated? thnks !

Hello cryn79 congrats. its amazing what you did. I call and call everyday for a week now and no body pick up the phone. just a answering machine. did you push for new account or maybe you push button for trading ? How did you do it? i mean get somebody to answer ?????

 

[marcus_88]

Referral

Hi! Anyone wants to share their referral code for a new signup? Do PM me.

 

[xiaotaideng]

withdraw from TDameritrade

understood there is a lot of discussions about the funding to / withdraw from the account. So apologise if this question has been asked before

My question is more related to the best way of withdrawing from TDA and how to get the best exchange rate to convert USD back to SGD.

1. Seems TDA can only hold USD? When i fund TDA with SGD, it is automatically exchanged to USD and show up in the account.

2. If i want to withdraw, does it mean i can only withdraw USD? IE. i have DBS multicurrency account, the fund will automatically goes in the USD account? What if i do not have USD account, guess it will use DBS exchange rate to convert USD - SGD? (that should be avoided in my opinion).

3. If item 2 is true, believe the best way to do it is to have a USD account (DBS multicurrency account) and receive the withdraw in USD (with 25USD fee towards TDA, nothing can be done on that). Then figure out the best way to self exchange the USD back to SGD. comparing platform like FSMOne and Transferwise, which is better?

By the way i also have a Tigerbroker account and they can hold both USD and SGD and the exchange rate is to some extend ok (but not sure how good it is comparing to FSMone and others). But the withdraw is free to either USD or SGD account. However no free lunch, the commission is not free for trading, especially for options, much more expensive than TDA.

Hope to hear from you guys!

 

[BBCWatcher]

2. If i want to withdraw, does it mean i can only withdraw USD?

Unless you’re transferring securities in kind (an ACATS transfer), that’s correct.

IE. i have DBS multicurrency account, the fund will automatically goes in the USD account? What if i do not have USD account, guess it will use DBS exchange rate to convert USD - SGD? (that should be avoided in my opinion).

In principle you can withdraw funds to any bank account you hold in any currency. If for example that happens to be a Turkish lira bank account, then your Turkish bank or its intermediary will convert the U.S. dollars to Turkish lira. TD Ameritrade is not involved in the currency conversion your bank or its intermediary performs.

3. If item 2 is true, believe the best way to do it is to have a USD account (DBS multicurrency account) and receive the withdraw in USD (with 25USD fee towards TDA, nothing can be done on that).

DBS will then most likely charge their inward telegraphic transfer fee of S$10. Some banks in Singapore don’t charge inward TT fees.

Then figure out the best way to self exchange the USD back to SGD. comparing platform like FSMOne and Transferwise, which is better?

I’m dizzy already, but in this scenario how are you going to get U.S. dollars to FSMOne? Transferwise is kind of understandable (DBS’s U.S.A. Remit presumably).

By the way i also have a Tigerbroker account and they can hold both USD and SGD and the exchange rate is to some extend ok (but not sure how good it is comparing to FSMone and others). But the withdraw is free to either USD or SGD account. However no free lunch, the commission is not free for trading, especially for options, much more expensive than TDA.

Hope to hear from you guys!

There’s a popular broker that most affordably handles all this (currency conversions) and more, and perhaps you’ve heard of them: Interactive Brokers.

 

[xiaotaideng]

much appreciated BBCWatcher!
You are right about the DBS incoming wire fee 10sgd, that part seems difficult to avoid (i will just keep the withdraw frequency to the minimum).
Sorry about dizzy part on the FSMOne i have not used that platform yet but i thought it can hold USD and do the convert to SGD with a better exchange rate than DBS. But guess i was naïve on that
Thanks for mentioning IBKR but trading platform i prefer TDA. Probably want to avoid the inactivity fees on IB if the only purpose is to exchange currency But Tigerbrokers kind of doing the same thing however pretty sure they have worse exchange rate than IB... Other than IB, any other recommendations for the exchange part?

 

[crystalnox]

much appreciated BBCWatcher!
You are right about the DBS incoming wire fee 10sgd, that part seems difficult to avoid (i will just keep the withdraw frequency to the minimum).
Sorry about dizzy part on the FSMOne i have not used that platform yet but i thought it can hold USD and do the convert to SGD with a better exchange rate than DBS. But guess i was naïve on that
Thanks for mentioning IBKR but trading platform i prefer TDA. Probably want to avoid the inactivity fees on IB if the only purpose is to exchange currency But Tigerbrokers kind of doing the same thing however pretty sure they have worse exchange rate than IB... Other than IB, any other recommendations for the exchange part?

No other broker can beat IB’s exchange rate since they’re doing it at spot. Everyone else is either at Tiger rates (0.3-0.5%) or worse.

 

[cryn79]

Hello cryn79 congrats. its amazing what you did. I call and call everyday for a week now and no body pick up the phone. just a answering machine. did you push for new account or maybe you push button for trading ? How did you do it? i mean get somebody to answer ?????

Hi Bro,

Call during the US operations time.

 

[ceciltan]

when you check your Account centre after you login.
Your *Paperwork Approval* should have a tick beside it.
An arrow will be beside *Fund Your Account*.

I got the email telling me my account approved and ready for funding but I never see a tick beside the paperwork approval and no arrow beside fund your account.

So wait for that arrow or?

 

[sgkia7]

Hi guys,

I've opened a tda account for some time but never really use it. I'm now thinking to give it a try, account is still active.

I installed the thinkorswim but it showed the data as "delayed 20mins". How do I get the live data? By deposit some money into the account (my account now has $0)? Or they charge a price for live data?

Tried to google but more steps shown are for US account.

Thanks!

 

[xiaotaideng]

'There is no minimum amount to open an account. We recommend people start with at least USD$3,500. If you do fund with at least USD$3,500, we will rebate your wire fee up to USD$100. You need USD$25,000 to actively day trade, USD$5,000 to sell options naked, and USD$2,000 to have margin capability in your account. At a minimum, you need at least USD$500 to receive live real time data.'

this is from their website Q&A section

 

[sgkia7]

'There is no minimum amount to open an account. We recommend people start with at least USD$3,500. If you do fund with at least USD$3,500, we will rebate your wire fee up to USD$100. You need USD$25,000 to actively day trade, USD$5,000 to sell options naked, and USD$2,000 to have margin capability in your account. At a minimum, you need at least USD$500 to receive live real time data.'

this is from their website Q&A section

Thank you! I'll try with 500 first. Hopefully the process is automatic, currently their CS is really overloaded.