About the Video
TD Ameritrade Singapore no longer supports retail investors anymore – here’s what you can do next!
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️ Timestamps:
0:00 → Introduction
1:07 → Option (1) Sell your stocks
2:21 → Option (2) Transfer your stocks
4:04 → Will this affect Interactive Brokers users?
4:53 → Why did TD Ameritrade Singapore do this?
There’s big news shaking up the investing world in Singapore! Starting 27th October 2023, TD Ameritrade Singapore will be making a drastic policy change. If you’re a retail investor who doesn’t qualify under their Accredited Investor criteria, prepare for some major changes. You might be facing a 50 USD monthly fee, trade limitations, and more.
TD Ameritrade will also introduce several changes to the account capabilities of retail investors from next month. From Oct 1, it will not receive any requests to transfer assets from another provider. Retail investors will also be charged a monthly maintenance fee of US$50 from Oct 27. From Dec 1, the company will stop accepting new trade orders or deposits on any remaining accounts. However, retail investors may continue to place liquidating orders to close positions.
TD Ameritrade added that it will waive or refund any of the platform’s transfer or wire fees incurred by retail investors up until the end of the year for entire account transfers or wire withdrawals.
Any remaining accounts of retail investors with a debit balance may have positions liquidated to bring their account to a zero or positive cash balance from Dec 4, when the US market opens.
Read more here: Click Here
🔥Immediate Actions to Consider:
1️⃣ Liquidate & Withdraw: The fastest method? Sell off your stocks and make the most of free withdrawals, available only until the end of 2023.
2️⃣ Stock Transfer: Love your portfolio and not ready to let go? Transfer your stock positions to another platform.
Say hello to Interactive Brokers (IBKR)! Recognized worldwide, IBKR offers a multitude of features, including fractional shares trading, unparalleled customer support, and access to a massive 33+ global financial markets. Even better? If you’re thinking of transferring stock positions from TD Ameritrade to IBKR, they’ve made it easy and FREE of charge.
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