Anyone use TD Ameritrade?

[occifer]

MCA=multi currency account

for the withdrawal part, still not clear on that...waiting for ppl to report back

but tbh, i think its unlikely that you can only withdraw back to the account that was deposited.

Most likely is you have to authenticate and do more security checks to add another bank account number in

have to check with TD on that

Does it take very long for wire transfer to arrive for USD? Usually thought there needs to be track record to adhere to US anti money laundering rules so will take long time to transfer in and out, here and there

If i not mistaken, u can only withdraw to bank account in your own name.

Never heard of ibkr to td.
It doesnt make sense for competitors to want to facilitate this

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[silverbomb]

I am gonna open dbs multicurrency account, remove usd from ibkr to dbs and send it to TD via dbs overseas remit....no need change currency. Should be do-able.

No incoming wire charges for sending usd to dbs. Nt sure about ibkr side, havent check.

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U confirm that DBS MCA can receive USD without $10 fee? Thats the reason why I rather receive usd cheque or cashier order from people and bank it over the counter to avoid the $10 fee.

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[occifer]

U confirm that DBS MCA can receive USD without $10 fee? Thats the reason why I rather receive usd cheque or cashier order from people and bank it over the counter to avoid the $10 fee.

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Sorry, that was a typo. Should be no incoming wire charges from TD side for receiving USD.


Apparently u can juz open new dbs account and it is sort of a sub of your bank account and dont need 3000 SGD minimum inside to maintain. This sub acct can receive USD too.



Go to bank and ask and open the account.

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[oinkoink1999]

anyone got their confirmation that their account is ready? Really need about 3-4 weeks? We cannot do the funding without the confirmation email correct?

 

[OnePunchMan]

anyone got their confirmation that their account is ready? Really need about 3-4 weeks? We cannot do the funding without the confirmation email correct?

i submitted like 2 weeks ago.. so far nothing... they just say when the time comes you will see an email.

Btw anyone got any thought on the merger and how it may affect TD SG? the parent company left SG once

 

[_dXter]

They may offer you a transfer to other brokers should they decide to close SG office. Can probably transfer to IBKR. I was with TDA US from early 2000 and got transfer to TDA SG in 201X when they decided to open an office here.

 

[moolala]

i submitted like 2 weeks ago.. so far nothing... they just say when the time comes you will see an email.

Btw anyone got any thought on the merger and how it may affect TD SG? the parent company left SG once

They may offer you a transfer to other brokers should they decide to close SG office. Can probably transfer to IBKR. I was with TDA US from early 2000 and got transfer to TDA SG in 201X when they decided to open an office here.

erm they open up 0 commission recently....means they are here to stay for business???

 

[OnePunchMan]

They may offer you a transfer to other brokers should they decide to close SG office. Can probably transfer to IBKR. I was with TDA US from early 2000 and got transfer to TDA SG in 201X when they decided to open an office here.

will we be force to suffer the transfer fee?

 

[_dXter]

Can't give an answer to that.

 

[occifer]

Btw on dbs, u can juz go to top right > apply deposit account > my acct ....and create a new sub account. That sub acct has 12 currencies including USD.


To test that it can hold USD - U can use transfer> to my account ...and send usd to that account from your sgd account. It will auto convert. Your new account holds SGD.

I went to a bank to learn this lol.
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[celtosaxon]

Btw on dbs, u can juz go to top right > apply deposit account > my acct ....and create a new sub account. That sub acct has 12 currencies including USD.


To test that it can hold USD - U can use transfer> to my account ...and send usd to that account from your sgd account. It will auto convert. Your new account holds SGD.

I went to a bank to learn this lol.
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The problem is the spread.

 

[occifer]

The problem is the spread.

Send sgd to ibkr or fsm.
Change there.
Got some fees for sending back but worth it.

There is also that thinmargin webbie, nt sure how well it works but seems ok.

Dbs forex rates is wtf.

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[twkacc]

Transfer from dbs to fsm and fsm back to dbs, any fees?

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tried withdrawing 500 USD from FSM -> DBS eMulti Currency Account (eMCA) last week

no charges (0$ for local usd cheque clearing)

 

[silverbomb]

tried withdrawing 500 USD from FSM -> DBS eMulti Currency Account (eMCA) last week

no charges (0$ for local usd cheque clearing)

so meaning, withdrawing USD from FSM they only sends out cheque for USD withdrawal and not via wiring or fund transfer?

 

[OnePunchMan]

tried withdrawing 500 USD from FSM -> DBS eMulti Currency Account (eMCA) last week

no charges (0$ for local usd cheque clearing)

is there any fee holding a fsm account?

 

[arishize]

Just opened an account and they are requesting for documents to be uploaded. However, i cannot see the documents required and the option to upload it.

is this normal? or i have to wait for it to be updated?

 

[oinkoink1999]

Just opened an account and they are requesting for documents to be uploaded. However, i cannot see the documents required and the option to upload it.

is this normal? or i have to wait for it to be updated?

This seems like browser issue.. Change display size to bigger n see if you can see it. Its intermittent error. I got the same prob as u

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[mrboys]

anyone thought of using TOS just for the free L2 live market data, and trade using IBKR?

 

[moolala]

anyone thought of using TOS just for the free L2 live market data, and trade using IBKR?

really need to save money this way or not??

why dont just pay that couple of bucks for market data on ibkr?

 

[mrboys]

really need to save money this way or not??

why dont just pay that couple of bucks for market data on ibkr?

obviously, u have no idea how much IBKR is charging for L2.