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How should I buy the following ETF's from Singapore:
1. TMF
2. TQQQ
3. UPRO
4. GLD
I have Interactive Brokers but they simple say "Contract is not available for trading.".
Are there any other brokers which allow us to buy from Singapore? Any help would be appreciated.
Thank you
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Kristal.AI
13 Oct 2020
Content & Community at Kristal.AI
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Justin Mok
12 Oct 2020
Bachelor of Business Management at Singapore Management University
Hello!
Actually, IBKR allows you to purchase these leveraged ETFs. You just need to request permission for it.
Go to 'Account Settings'
Scroll down and find 'Complex and Leveraged Exchange Traded Products'
Click on 'Request Trading Permissions'
Note that you have to be eligible to trade 'Options' and 'Futures' first before they grant you permission to trade 'Complex and Leveraged Exchange Traded Products'. If you have yet to request permissions for 'Options' and 'Futures', you may do it first, before requesting permission for the Complex and Leveraged ETFs
It will roughly take about a day or two, for them to grant you approval.
Hope this helps :)βββ
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Hi first last,
Here in Singapore, there are a few broker houses that offer access to leveraged ETFs, but as for any investment involving leverage, investors must carefully consider the risk/reward proposition, as leverage works in both ways, i.e. magnifying losses in a falling market.