TD Ameritrade Singapore, with a good trading platform known as thinkorswim, has made a significant announcement that has caught the attention of retail investors. Starting in December 2023, TD Ameritrade Singapore will shift its focus to serve accredited investors exclusively. In this article, we’ll delve into what this means for retail investors, whether there’s anything you can do following TD Ameritrade’s decision, and explore alternative brokers in Singapore you can consider if you were a fan of TD Ameritrade (especially its thinkorswim trading platform).

What Happened

According to The Business Times, TD Ameritrade Singapore spokesperson said the pivot away from serving retail investors was a “strategic decision” that will allow it to concentrate on a market that has been “under-served historically in Singapore”. History of TD Ameritrade Before we explain its shift, it’s important to trace the history of TD Ameritrade in Singapore. TD Ameritrade Singapore was established in 2016 as a wholly-owned subsidiary of TD Ameritrade...