Read our comprehensive guide on what you need to know about accredited investors in Singapore. Find out about the pros and cons of being an accredited investor, and how you can become one.
What happened?
Trading platform TD Ameritrade recently announced that it will focus on serving accredited investors in Singapore.
As a result, it will stop serving retail investors in Singapore from December 2023.
Source: TD Ameritrade
This led to questions about what is the difference between a retail investor and accredited investor, and why should one become an accredited investor in Singapore.
Read on to find out what you need to know before opting in as an accredited investor.
What is an accredited investor?
Retail investors in Singapore are restricted from accessing some types of investments due to the risks associated with such products.
This is because the average investor may not have the necessary experience or capital to comprehend fully and manage the risks involved in these instruments....