- The deadline to act is 27 October 2023, after which a monthly charge of USD 50 will be automatically deducted from your account until your cash balance is zero.
- The final deadline to close your account is 31 December 2023.
Online global brokerage TD Ameritrade used to be popular among Singapore investors, especially those who were introduced to it through various investment trainers or trading course providers. However, investors received a shock last week when TD Ameritrade announced that their brokerage platform – Thinkorswim – will no longer be serving retail investors in Singapore. If you’re among those affected, here’s what you can do.
PSA: Get out of Thinkorswim now
TD Ameritrade Singapore has stated that you will need to either (i) proceed with becoming an Accredited Investor with them, or (ii) take steps to close or transfer your account by the following deadlines:
