facebookWhich do you prefer TD Ameritrade or Tiger Brokers for US and China stocks ? - Seedly

Anonymous

08 Feb 2021

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General Investing

Which do you prefer TD Ameritrade or Tiger Brokers for US and China stocks ?

Which one you prefer TD Ameritrade (think or swim) vs Tiger Brokers for US and China stocks ?

Discussion (4)

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Im very new here. I would like to know the differences between open TD Ameritrade ac in SG & USA version. Are there any differences?

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Nicholas Beh

08 Feb 2021

Student Ambassador 2020/21 at Seedly

Why not open accounts with both of them to try out? Personally, I prefer Tiger's interface, it is more intuitive and user-friendly to me. But TD Ameritrade's Thinkorswim platform is very advanced and feature rich especially for experienced traders.

Over the long run, if you perform trades frequently, TD Ameritrade will definitely win out. Tiger charges a minimum of 2 USD per trade, and if you trade often, these costs can quickly accumulate. TD Ameritrade charges nothing for stock trades, but charges 25 USD for withdrawals. This may pose an issue for some, but how often are you going to withdraw cash anyway? If you are withdrawing cash so often from your brokerage account, you may have bigger problems. The cost of 7 round-trip (buy and sell) trades on Tiger will already exceed the withdrawal fee charged by TD Ameritrade.

TD Ameritrade will take a long time to open your account, but you can use other brokers in the meantime. Go for brokers that do not charge you recurring fees for holding stock, such as Tiger. And when your TD Ameritrade account finally opens, you do not need to sell your stocks in Tiger and repurchase them again in TD Ameritrade. Rather, you can keep your existing positions in Tiger while opening new ones in TD Ameritrade.

For Chinese stocks, there are many avenues where you can invest in Chinese companies, including those listed on foreign exchanges in the US, SG or HK markets. You do not need direct access to Chinese markets unless you are looking for a specific company not listed anywhere else. TD Ameritrade only supports US markets, so if you need access to SG, HK or Chinese markets to invest into Chinese stocks, you may want to consider opening more than one brokerage account (e.g. TD and Tiger) to have access to the necessary markets.

I prefer using Tiger Brokers for both US and China stocks. Both TDA and Tiger Brokers are MAS regula...

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