Compare the Best Online Investment Brokerages in Singapore 2020

Choose from MoneySmart's curated list of best brokerages in Singapore and Learn how to maximise returns. read more
We found 1 Online Brokerages for you!
TD Ameritrade logo
Best Broker for Options
Commission Fee US Stocks
US$0
Options Commission Fee Per Trade
US$ 0.65
Min. Funding
US$3,000
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TD Ameritrade Products & Market Access

Options Trading

When traders engage in options trading, they can enhance their portfolio by buying or selling an underlying asset at a predetermined price or before the contract expires. If you choose to trade options through TD Ameritrade, you’ll gain access to the most liquid options markets in the U.S., with better leverage and lower capital risk.

Futures Trading

If you’re eyeing futures trading, you may want to consider TD Ameritrade Singapore. With over 50 futures products in commodities, currencies, energies, financials, indices and metals, you’ll be able to monitor trades, quotes and rates in a centralised open market. For those of you who are new to this type of trading, TD Ameritrade also provides resource materials about futures trading. You can visit their website for the list of futures products you can trade through them.

Stocks & ETFs Trading

If you’re more of a stocks and ETFs trader, you can look into TD Ameritrade for their flat rate commission fee in the U.S. markets. Another feature that appeals to traders is their routing technology, which sends your stock orders quickly while ensuring maximised results. Now when it comes to ETFs, you’ll be able to access a diversified ETF portfolio with lower costs and cheaper fund management fees.

TD Ameritrade Singapore Fees and Charges

Commission Fee

Depending on the type of transaction you engage in, TD Ameritrade may charge you a trading fee. Sometimes, you even need to pay commission on top of the trading fee.

Trading Fee

If you’re eyeing futures trading, you may want to consider TD Ameritrade Singapore. With over 50 futures products in commodities, currencies, energies, financials, indices and metals, you’ll be able to monitor trades, quotes and rates in a centralised open market. For those of you who are new to this type of trading, TD Ameritrade also provides resource materials about futures trading. You can visit their website for the list of futures products you can trade through them.

Cash Rate

This rate is simply the interest rate charged by banks for loans. As a trader, this affects you once banks increase their rate because borrowing will be more expensive. TD Ameritrade has published their cash rate for each dollar range. As published on their website, since 2015, the cash rate for USD$0.01 to $1,000,000 is 0.01%.

TD Ameritrade Account Opening Procedure

Apply Online

To start trading with TD Ameritrade, you should first open an online trading account. Simply visit their website, choose the type of account you would like to open and fill in the necessary details. Everything can be completed online and shouldn’t take you more than 20 minutes.

Submit Requirements

Along the process, you’ll be asked to submit a couple of documents such as proof of identity, proof of address and CKA certificate. Do note that you may be asked to obtain additional documents, depending on the situation.

Fund & Trade

Once you’ve successfully created your online trading account, you can start funding it through FAST electronic transfer, telegraphic transfer, automated client account transfer or cheque. TD Ameritrade requires a minimum initial deposit of USD$3,500 to be able to start trading.

TD Ameritrade Investment Platforms and Trading Insights

With a TD Ameritrade online trading account, you’ll gain access to the U.S. markets for stocks, options and futures at a lower cost. But the real icing on the cake is that you don’t need to pay platform or data fees at all. The trading platform used by TD Ameritrade is called thinkorswim, which can be accessed through desktop or mobile app. On desktop, they offer advanced trading features for comprehensive charting, market analysis, strategy testing, risk management and market scanning. Even if you’re using thinkorswim mobile, you can still access the same features, sync your phone on your desktop platform and continue trading wherever you go. Even without platform fees, keep in mind that other fees still apply like commissions, service and exception fees. To ensure their traders are well-informed, TD Ameritrade also offers several education platforms and tools. There’s paperMoney®, a virtual trading platform that allows trading simulation. Traders can also learn various strategies from web tutorials using the thinkorswim Learning Centre.

Frequently Asked Questions

How to withdraw money from TD Ameritrade Singapore?

You must log in to your TD Ameritrade online trading account and go to “Withdrawals”. Then, request for a telegraphic transfer from your online trading account.

What is TD Ameritrade account closing fee?

You don’t need to pay anything if you decide to close your TD Ameritrade account. However, you need to pay $25 to be able to transfer your funds out of your TD Ameritrade account via telegraphic transfer

What is TD Ameritrade Singapore minimum deposit?

After opening a trading account with TD Ameritrade Singapore, you need to meet the minimum deposit of USD$3,500. For NYSE/NASD, you need a minimum equity of USD$25,000.

Does TD Ameritrade have inactivity fees?

Even if you stop using your TD Ameritrade account for a certain period of time, you won’t be charged any inactivity fees.

Is there a monthly fee for TD Ameritrade?

Nope! One of the most enticing features of trading through TD Ameritrade is you don’t need to pay any monthly fees.