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TD Ameritrade is a US-based brokerage that offers a reputable online trading platform, thinkorswim, which allows individual or professional traders and investors to trade financial products such as stocks, ETFs, mutual funds, options, futures, cryptocurrencies, and treasuries.
To open a TD Ameritrade trading or investing account, scroll up to apply for an account easily online. Otherwise, visit the TD Ameritrade Singapore website, and select “Open new account”. You will be guided through an online registration form where you will be able to choose the type of account –– individual or joint account –– you would like to open and fill in the necessary details. Once your application has been approved, you will be able to fund or put money into the account via DBS/ POSB electronic transfer, cheque, TT or telegraphic transfer, or via an account transfer from another broker. There is no minimum deposit amount to open a TD Ameritrade account, although the recommended minimum funding is S$3,500.
To buy options on TD Ameritrade, login to your paperMoney account on TDAmeritrade’s thinkorswim trading platform. On the top left hand corner of the screen, you will find the “Trade” tab. You will then need to enter your stock of choice’s symbol, see and choose expiration dates, strike prices, and place the trade before you submit your order. If you’re new to TD Ameritrade options trading, there are step by step tutorials and guides on TDAmeritrade’s TickerTape website. Finally, if you are new to options but interested in learning to trade options –– how many shares are there in a standard contract, what is the premium, what is the difference between a call and put option –– you can learn more about trading options on the TD Ameritrade Education website.
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