facebookTD Ameritrade Singapore removes commissions on online stock, ETF and option trades (Link below) Anyone read that? Do they impose other charges? - Seedly

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Anonymous

10 Aug 2020

General Investing

TD Ameritrade Singapore removes commissions on online stock, ETF and option trades (Link below) Anyone read that? Do they impose other charges?

https://www.businesstimes.com.sg/banking-financ...

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This is really good news and the prelude to the due lowering of trading commissions to 0.00 SGD also for SGX listed equity.​​​

Some items you may want to consider:

  • Exchange rate is not spot FX.
  • Withdrawal fee of 25 USD when using wire transfer.
  • There is still a fee of 0.70USD per options contract.
  • Only US-domiciled securities are available for TDA.

Other than that, I would say that their rates are very competitive given that they have no custodian fees and their previous commission fee was 10.65USD/trade.

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