facebookTD Ameritrade to Focus Only on Accredited Investors (AI) in Singapore. - Seedly

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Anonymous

26 Sep 2023

āˆ™

General Investing

TD Ameritrade to Focus Only on Accredited Investors (AI) in Singapore.

Currently TDA charges zero commission for stocks and $0.65 per contract for options. Which other brokers charges zero commission for stocks and similiar amount for options?

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Ngooi Zhi Cheng

05 Oct 2023

Student Ambassador 2020/21 at Seedly

Navigating the world of brokerage fees can feel like walking through a financial maze, especially with recent changes like TD Ameritrade's shift towards accredited investors. Let's illuminate the path and explore options together, ensuring your investments remain cost-effective.

My client was a diligent investor I worked with recently. She faced similar challenges after the TD Ameritrade update. Together, we analyzed various brokers, considering factors beyond just commissions. By understanding her unique needs and risk tolerance, we found a broker aligning with her requirements, ensuring seamless transitions and minimal fees.

One common misconception is that zero-commission platforms are always the best choice. However, hidden fees, limited features, or subpar customer service might offset apparent advantages. It's essential to look at the overall package, including research tools, customer support, and platform reliability.

While zero-commission brokers are attractive, they might not always be the ideal fit for your investment strategy. Consider your trading frequency, the complexity of your trades, and the level of support you need. If you're uncertain about which broker suits you best, don't hesitate to reach out to me on Instagram (@ngooooied). I specialize in optimizing your investment experience, ensuring you make well-informed, cost-effective decisions.

Remember, your investments are crucial, and the right broker can significantly impact your financial journey. Let's find the perfect fit together. Reach out for personalized guidance and make your investments work smarter for you.

Hi Anonymous,

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You may consider Tiger Brokers.

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In addition to existing promotion, get USD20 Tesla shares when you open a Tiger Brokers account.

https://www.traders.sg/get-tesla-shares-with-ti...

It's not ZERO, but "For stocks and ETFs in the US markets, Syfe offers unlimited free trades for new users for the first 3 months. After the 3-month introductory period, users will get 2 free trades per month and pay US$1.49 per trade thereafter."

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You are welcome to use my Syfe Referral Code SRPSRWB95.

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I am in the process of transfering from Ameritrade SG, you get an extra $20 with the code. :)

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Hope this helps.

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I use Webull....

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