Hi, i’m thinking of open a TD Ameritrade to buy the S&P 500 and probably trade some stocks like Amazon, Coca cola, Microsoft and etc..May i know if TD Ameritrade is a suitable platform? Thanks! ? - Seedly
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S&P 500 Index

Yoon Tay

Asked on 16 May 2019

Hi, i’m thinking of open a TD Ameritrade to buy the S&P 500 and probably trade some stocks like Amazon, Coca cola, Microsoft and etc..May i know if TD Ameritrade is a suitable platform? Thanks! ?

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Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 01 Feb 2020

I use both DBS Vickers, Saxo and TD Ameritrade. in terms of software, charting, mobile apps, i think overall Saxo has the better package. But if you do your stocks research on other platforms (or just plain old annual report reading), i think you should try to optimise on fees and go for TD Ameritrade.

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Jonathan Ng
Jonathan Ng
Level 6. Master
Answered on 16 May 2019

Hello!

TD Ameritrade is an online brokerage which you can use to trade stocks, bonds, mutual funds, ETFs, options, futures, forex, foreign ADRs & IPOs. This large investment selection also comes with free indepedent research, their high-quality trading platform thinkorswim, good customer support, as well as, no account minimum. However, in exchange, they charge a higher trade commission than other brokers at $6.95/stock trade & $7.70/contract for options. So you can weigh whether the brokerage platform and services they offer matches the high cost they charge!

With that said, you are able to purchase the index and stocks you have mentioned with TD Ameritrade.

Alternatively, you can also refer to this stock brokerage comparision that Seedly did: https://blog.seedly.sg/the-ultimate-cheatsheet-cheapest-stock-brokerage-in-singapore/

Hope it helps!

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Chan ChinKiat
Chan ChinKiat

17 Jun 2020

0 commission only for US citizens. Singaporeans get 10.65USD comms
Frankie Rappaport
Frankie Rappaport

17 Jun 2020

Ah, interesting, I didn't know. 0.00 USD also for Switzerland residents. ;-)
Aloysious Lee
Aloysious Lee
Level 3. Wonderkid
Answered 2w ago

TD Ameritrade has $0 commission currently so it is the best platform to start investing/trading in SG

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MT2020
MT2020
Level 7. Grand Master
Answered on 09 Mar 2020

Yes, it is just one of the platforms available. You might want to consider intereactive broker as it have no minimum charges as long as you have more then USD100,000 in assets.

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 01 Feb 2020

TD Ameritrade is excellent

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 8. Wizard
Answered on 16 May 2019

Yes Td will be very suitable. Have been using this for a number of years. Use it to trade options mainly and the occasional stock. Great platform, relatively easy to use and there's a great charting tool as well. I'm paying $5 minimum for stock and $1 per option contract as I have a group rate under my community.

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Chan ChinKiat
Chan ChinKiat

17 Jun 2020

Hi there. Am interested in group rate. Is it available?
Jonathan Chia Guangrong
Jonathan Chia Guangrong

18 Jun 2020

Hi ChinKiat, mm this is only available for my trading community I'm afraid. Not really available to the wider public. I believe Td's comm can be negotiated if you manage to hit a certain level of volume with them. Give them a buzz to find out more.
Thibault Chs
Thibault Chs
Level 2. Rookie
Answered on 16 May 2019

I initially opened an account with TD Ameritrade but eventually switched to Saxo. Cheaper fees and access to more markets (TDA is only the US). Also I find Saxo’s platform a lot more intuitive.

Let me know if you need a referral code ;)

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