Anyone use TD Ameritrade?

[~sabaisabai~]

guess too competitive liao. even ibkr are doing away with the monthly fwe

was lucky indeed. waited only 45mins on phone. surprised too.

 

[gld998]

Lucky you.

My account opening took 3 months. Hotline waiting time was 4 hours. Email reply took a few days with useless template answers.

Letting my opened account sit idle. Not going to use them for now. My experience with TDA SG is lousy.

same here.. I give up and show them the middle finger! if shiiit happens escalate to who? tiger also give better response this overhype brokerage! I can trade with tiger in 3 hours after registering!

 

[Calpha K]

Plan to Sell options and buy long term stocks, is TDA-SG reliable and efficient?

How's everyone's experience so far?

Anyone using MooMoo or Tiger to specifically Sell options? can give a comparison?

 

[celtosaxon]

Hi, need some help,

The TD have declare income to me in singapore and lead to IRAS charges me tax,
i check with IRAS, iras say they just follow what TD declare.
i write email to TD, TD keep reply as below,

Generally, TD Ameritrade will withhold an applicable percentage of dividend and interest income from U.S. securities at the time of payment and reported on Form 1042-S, so no additional tax is due after the year ends. The statutory withholding rate is 30% unless you have claimed an active treaty for your account, in which case it may be lower. Treaty claims are made through the IRS Form W-8BEN. For more information on tax treaties for international investors, please visit the IRS web site for Tax Treaty Tables. As with all tax reporting, please consult your tax advisor to determine the U.S. tax consequences of investing in the U.S.

do anyone experience this? i never received any income from TD in singapore bank.......
so the witholding tax or etc will lead to income in singapore?
anyone can share what is this?

IRS ≠ IRAS

Nothing to do with TDA or IRAS, 30% withholding tax paid to IRS on any US dividends paid to a non-US person/entity in Singapore. Except in the unlikely case a specific tax treaty applies to you, everyone here will have the same, nothing you need to do, it’s automatic, just ignore it.

 

[celtosaxon]

I think it is fine for newbies, the only issue so far with TD Ameritrade is the long wait for the account opening.
Mine took 2-3 weeks.


Based on my experience it automatically converts SGD to USD(assuming u transferred SGD into your TDA account)

I think how TDA works is; It will be called margin account, but if you have funds inside your brokerage account then it will use the cash instead.
So I guess the best way is to ensure that you have funds that is successfully deposited into your account before u start trading, to avoid the margin interest

I would say TDA has the best UI for trading in the industry. They have 2 apps to choose from, but the award winning Thinkorswim app is just stunning… with real time data and customizable analytics and an almost endless array of deep (even down to cryptic) analytical options, all presented in a clean, simple package. Another nice perk within the TOS app is access to CNBC live streaming, especially fun to watch when there is a bloodbath or the market is in free fall

 

[Calpha K]

Hi guys, I've reached the end of the registration and they ask me to upload documents with wet signature.

But what documents? and theres no UPLOAD button at all?

 

[schipperde]

Hi guys, I've reached the end of the registration and they ask me to upload documents with wet signature.

But what documents? and theres no UPLOAD button at all?

u try zoom out a bit and make the font smaller then u can see the upload button. i also kena last time and waited few days for nothing..

 

[livingston]

IRS ≠ IRAS

Nothing to do with TDA or IRAS, 30% withholding tax paid to IRS on any US dividends paid to a non-US person/entity in Singapore. Except in the unlikely case a specific tax treaty applies to you, everyone here will have the same, nothing you need to do, it’s automatic, just ignore it.

But iras need me to pay the tax, singapore IRAS, (not US dividend 30% tax)
that's why i dont understand...............

 

[celtosaxon]

But iras need me to pay the tax, singapore IRAS, (not US dividend 30% tax)
that's why i dont understand...............

Where did you see that? The red text you posted doesn’t say that.

 

[livingston]

Where did you see that? The red text you posted doesn’t say that.

https://ibb.co/C6Jhh3y
attach the image, i check with IRAS but IRAS say they only declare whatever TD declare.....
and i check with TD, they not answering me, and keep call me to consult a licensed tax advisor.

because the amount is not big.........but if future the amount is big then it is issue.

 

[iMac]

I just started learning to use TD for option...

 

[wrathofgod]

Hi gurus,

Anyone have transfer from SCB to TDA before ? I wish to transfer (only) my US stocks but like no have this option on ACAT...

Any advice?

TIA

 

[~sabaisabai~]

I would say TDA has the best UI for trading in the industry. They have 2 apps to choose from, but the award winning Thinkorswim app is just stunning… with real time data and customizable analytics and an almost endless array of deep (even down to cryptic) analytical options, all presented in a clean, simple package. Another nice perk within the TOS app is access to CNBC live streaming, especially fun to watch when there is a bloodbath or the market is in free fall

I am still trying and exploring their TOS UI

 

[~sabaisabai~]

I just started learning to use TD for option...

TDA for option? How was it?

 

[celtosaxon]

https://ibb.co/C6Jhh3y
attach the image, i check with IRAS but IRAS say they only declare whatever TD declare.....
and i check with TD, they not answering me, and keep call me to consult a licensed tax advisor.

because the amount is not big.........but if future the amount is big then it is issue.

That is unusual. Did you get any referral money or did TDA pay you for anything? That would be my suspicion for why something might be Singapore taxable.

We have never received anything like that with our TDA Singapore account and we’ve had it for many years. We only use the account to make ordinary investments in ETF and stocks with cash, no margin, no options, no referrals, no nothing. The only tax notice we have ever gotten was the one detailing the 30% IRS withholding on the dividends.

 

[mrwirus]

If I want to buy etf monthly, would td be better or IB? Pretty new at this so trying to explore the different platform before diving into one..

 

[celtosaxon]

If I want to buy etf monthly, would td be better or IB? Pretty new at this so trying to explore the different platform before diving into one..

This answer assumes you are not a US person:

TD is only for trading US listings. That can be useful for limited/supplemental investments provided you keep the balance under the $60k estate tax exemption amount.

However, if you are following the standard investment recipe here, the bulk of your holdings will be in London invested in something like VWRA or ISAC, so you’ll want IB for that.

 

[mrwirus]

This answer assumes you are not a US person:

TD is only for trading US listings. That can be useful for limited/supplemental investments provided you keep the balance under the $60k estate tax exemption amount.

However, if you are following the standard investment recipe here, the bulk of your holdings will be in London invested in something like VWRA or ISAC, so you’ll want IB for that.

Oh.. what's the standard investment recipe here? I'm new in the world of etfs and I'm also thinking what etf are good for the long run.

So the us market is not good for holding etf? I keep hearing pple mention just dca into s&p500 monthly.. and sti etf..

 

[celtosaxon]

Oh.. what's the standard investment recipe here? I'm new in the world of etfs and I'm also thinking what etf are good for the long run.

So the us market is not good for holding etf? I keep hearing pple mention just dca into s&p500 monthly.. and sti etf..

There are variations, but the main holding (if not the entire holding) is going to be VWRA or ISAC - - these already cover S&P 500 (around 60% US exposure) plus the rest of the world, so it can be a simple one-and-done investment that covers the entire planet. These London listed ETFs are the lowest cost, most tax efficient investment vehicles available to investors here.

If you want to boost your Asian exposure, the most efficient way to do this is probably 3010 listed in HK. This is an ETF that covers all of Asia outside of Japan (including Singapore).

If you want to add some local stock exposure like ES3, you can - just don’t make it your biggest holding. And, consider using SRS funds for this, since SRS can’t be invested directly in overseas listed securities.

 

[mrwirus]

There are variations, but the main holding (if not the entire holding) is going to be VWRA or ISAC - - these already cover S&P 500 (around 60% US exposure) plus the rest of the world, so it can be a simple one-and-done investment that covers the entire planet. These London listed ETFs are the lowest cost, most tax efficient investment vehicles available to investors here.

If you want to boost your Asian exposure, the most efficient way to do this is probably 3010 listed in HK. This is an ETF that covers all of Asia outside of Japan (including Singapore).

If you want to add some local stock exposure like ES3, you can - just don’t make it your biggest holding. And, consider using SRS funds for this, since SRS can’t be invested directly in overseas listed securities.

Oh.. thanks for the insights.. Cos I was starting to look at ETFs I realise that many websites recommend multiple ETFs for different sectors and I end up having to buy like 10 ETFs, which may not be cost efficient because of the amount that is going to be placed in each of the ETFs.

So VWRA/ISAC + 3010 should be a perfect combo? With only 2, the fees is going to be lower as well..