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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.
TD Ameritrade is a broker founded in 1971 in Nebraska, US – then known as Ameritrade. Over a series of mergers and acquisitions, an acquisition by TD Waterhouse in 2006 gave TD Ameritrade its name. Most recently in October 2020, TD Ameritrade was acquired in a US$22 billion deal by the California-based Charles Schwab Corporation.
The United States aside, TD Ameritrade also operates in China, Hong Kong, Malaysia, Singapore etc. In Singapore, TD Ameritrade’s office is located at 1 Temasek Avenue, Millenia Tower, open from 9 am to 5pm, Mondays through Fridays. Due to COVID-19, the office is not accepting walk-ins. You can instead reach TD Ameritrade’s customer service hotline at 6823 2250.
If you are looking to open your first TD Ameritrade account, TD Ameritrade does not have tiered account types and does not require any minimum deposits for you to qualify for a TD Ameritrade account. The account opening process is quite straightforward – you can simply scroll up and apply for an account on this page.
|Options||US$0 commission fee, US$0.70 per contract fee|
|Stocks||US$0 commission fee, US$7.44 for online OTC stocks|
|ETFs||US$0 commission fee|
|Futures/ Futures Options||US$2.41 per contract|
|"Section 31" Fee||US$0.0000221 per US$1.00 of transaction proceeds|
|Trading Activity Fee||US$0.000119 (per share), US$0.002 (per options), US$0.00075 (per bond)|
|Full ACAT Transfer out||US$75|
|Outgoing Wire Transfers||US$25|
|Stock Certificate Deposit||US$0|
|Stock Certificate Withdrawal||US$500|
TD Ameritrade’s flagship trading platform, thinkorswim, comes in desktop, web, and mobile versions and is popular amongst both beginner and professional traders and investors worldwide. While the thinkorswim platform comes with no platform fees and is free for all to access, trades are subjected to commission fees.
TD Ameritrade’s thinkorswim desktop trading platform gains you access to 24/5 trading with exchanges worldwide, and trading products and instruments such as equities, options, futures, ETFs (Exchange Traded Funds), and FX (Forex). Features include technical analysis tools such as monkey bars, renko charts, advanced analysis customisation coding tool, thinkScript, and scanning tool, Stock Hacker.
If you have an existing trading relationship with TD Ameritrade, the web thinkorswim trading platform allows you to access your watchlists, positions, and transactions wherever you go - so long you have internet access. If you are new to TD Ameritrade’s thinkorswim platform, you can set up a demo paperMoney account with US$100,000 virtual money to try out the trading platforms available before you commit.
If you are trading on the go, the thinkorswim iOS or Android mobile app allows you access to your positions, account history, charts, price alerts, watch lists, news, reports, and order entries on your phones, tablets, and even your Apple Watch.
To open a TD Ameritrade account in Singapore, you can simply scroll up and click on the TD Ameritrade bubble to view more details and apply. Otherwise, you can visit the TD Ameritrade website to initiate your application.
If you are interested to start trading or investing in shares in Singapore, you should have your CDP (Central Depository) account with SGX (Singapore Exchange Limited) ready. Your CDP account holds the shares you own and is supervised by the MAS (Monetary Authority of Singapore). To set up either an individual or joint account, first visit the SGX website, click on “Securities”, “Retail Investor”, and followed by “Apply for CDP Securities Account”. You will then see “Online Application”.
TD Ameritrade Singapore offers custodian accounts with no custody fees. When you trade with a custodian account, the shares you buy will not be legally yours nor in your personal CDP account, but will be held by TD Ameritrade. In the event that you wish to transfer your shares to your personal CDP account, you will be able to initiate a withdrawal or outgoing transfer subject to exit fees of US$75 (full ACAT transfer out).
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, visit your account on the TD Ameritrade Singapore website. Click on “Deposit” and you will be able to fund your 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.
Whether you are an amateur or seasoned trader or investor, TD Ameritrade’s website and its trading platforms will have relevant educational materials, guides, and tutorials for you. If you are new to trading and investing, visit the TD Ameritrade Singapore website, find the drop-down menu and click on “Education” followed by “TD Ameritrade Academy” to sign yourself up for a 5-week online course.
Open your TD Ameritrade website or thinkorswim platform and search for the ticker symbol of your stock of choice – for instance, ”KO” for Coca-Cola Co. Click on “Buy” and the trade ticket will appear. Fill in your order details such as buy or sell, quantity, order type, and time, before you click on “Review” and “Place Order”.
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What is TD Ameritrade's minimum deposit? Will I also be able to close my TD Ameritrade account easily in the future? These are common questions that we have while considering an online brokerage. Fret not, we have it all covered here.
If you are opening a trading account with TD Ameritrade Singapore, there is no minimum deposit amount you have to fulfil – although the brokerage recommends a minimum funding of S$3,500.
Before you close your TD Ameritrade Singapore account, do remember to first close your positions and withdraw your funds. To withdraw your funds, you will have to request for an outgoing wire transfer via your TD Ameritrade “Account Centre” where you will see “Withdrawal” and “Wire Transfers”.
|TD Ameritrade Singapore||Trading Products|
|Options||Access to options on US markets|
|Futures||Access to over 50 futures products, 24/6|
|Stocks||Access to over 5,000 listed securities|
|ETFs||Access to over 5,000 listed securities|
TD Ameritrade is good for both beginners and professional investors or traders alike. One, there are no commission fees if you’re trading online stocks, ETFs, and options in US markets. For beginners, TD Ameritrade has a comprehensive online education and learning centre for you to learn the basics of trading. There is also no minimum funding amount required to open individual or joint TD Ameritrade accounts.
All users have access to TDAmeritrade’s free trading platform called thinkorswim for charting, screening, and technical analysis – advanced traders will also be able to sign up for advanced news services, data, or quotes for deeper analysis.