facebookHow to open TD Ameritrade of I'm a student? - Seedly

Advertisement

Anonymous

24 Apr 2021

General Investing

How to open TD Ameritrade of I'm a student?

Is there anyway to go about opening an account as a student? They didn't approve my app cos my occupation is student.

Discussion (1)

What are your thoughts?

Learn how to style your text

Nicholas Beh

24 Apr 2021

Student Ambassador 2020/21 at Seedly

TD Ameritrade typically rejects students due to low net worth and liquid net worth, which is what my friend was told when he applied for a TD Ameritrade account. They have an overwhelming number of applications at the moment and it probably makes more sense for them to toss out applicants that aren't able to generate revenue for them.

I suggest that you use other brokers such as Tiger, Moomoo or IBKR in the meantime. Alternatively, you could open an account with Firstrade ($0 commissions) but they do not provide a local SGD funding facility so you would need to use a bank service to convert and remit the USD.

Tan Choong Hwee

23 Apr 2021

Investor/Trader at Home

You should call them about your situation. Tell them you are student and don't have any employment details.​​​

Chris

16 Apr 2021

Owner and Writer at Tortoisemoney.com

Hmm, that's strange, I was able to apply and get approved when I was a student. Perhaps it would be ...

Write your thoughts

Advertisement