facebookDoes anyone have a full hands on experience (from depositing, converting USD to SGD, and withdrawal) in TD Ameritrade ? - Seedly

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Randy

Financial Analyst at

16 Feb 2021

General Investing

Does anyone have a full hands on experience (from depositing, converting USD to SGD, and withdrawal) in TD Ameritrade ?

My account is only approved after 2 months (I opened saxo in 3 hours several years ago). Not transparent conversion fee, and I am concerned that when I deposit / withdraw, it will take days (at this point i am not surprised that it will take weeks). Any thoughts whether these worth pursuing just to save a few hundred bucks on commission ?

Discussion (5)

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The trick is to have a DBS multi currency account to recieved the USD coming back from TD Ameritrade. Then you have to send the USD to IBKR to do a cheap conversion to SGD. Then U send the sgd back to DBS. this roundabout save you a 1000 dollars per 100000 usd

I could only withdraw in USD to DBS. no sgd option there. fee is 25 usd

Hi there, my account opening took a very long time, close to about 3 months to be verified.

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