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 Reinaldo

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 (3)

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

Depositing funds is fairly easy, I made a direct transfer from my DBS SGD account, although the FX conversion rate to USD will cause you to loose out on a few dollars. This took about 2 working days.

I have yet to make any withdrawals, as I'm planning on holding stocks for medium to long term with this broker.

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Mine just got approved recently too. Instead of transferring SGD to TD then wait for them to convert to USD, I transferred USD direct to their USD account. It took about 3 days to reflect in the trading account.

Have not tried withdrawal yet due to the $25 fee.

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