TD Ameritrade to stop serving Singapore retail investors. What should customers do?
By Beansprout  •  September 26, 2023
TD Ameritrade announced that it will stop serving retail investors in Singapore from December 2023. We find out how this will impact you as a customer and what you need to do. What happened? After the shock closure of Moneyowl a few weeks ago, trading platform TD Ameritrade announced on 28 September that it will stop serving retail investors in Singapore from December 2023. Instead, it will focus on serving accredited investors only, a market that the company believes has been “under-served historically in Singapore”. Source: Screenshot from TD Ameritrade This came as a surprise to many as TD Ameritrade’s thinkorswim trading platform is relatively popular amongst retail investors in Singapore, offering a wide suite of trading tools and insights on its platform. As recent as in July 2020, TD Ameritade started offering zero commission trading on online stock, ETF and option trades for Singapore investors....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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