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ThinkOrSwim Discount Broker Opens Singapore Branch.

I have been using ThinkOrSwim.com as a discount broker on and off for the past 3 years. It enables me to option trade or trade in US stocks at a much cheaper price compare to Singapore brokers.

The commission I pay is around USD 5 per trade with the same downsides such as estate taxes and withholding taxes on dividends.

Recently Ameritrade acquired ThinkOrSwim but services have not suffered. It is to my surprise today that I received this mail:

Now this is somewhat of bittersweet to a Singapore investor because:

  1. Normally under Singapore regulation these US brokerage will not offer the cheap commission that we grew accustom to when we use them in US. Bad
  2. There are more restrictions to what we can trade. Bad
  3. You probably get to transfer much easier compare to if its based in US. Good.
  4. ThinkOrSwim iPad and Windows is probably ONE OF THE BEST trading clients out there. As a geek it is a dream because they just keep building and improving it. Good.

I am really interested to know how this will affect the commissions. Currently I am using this in conjunction with Saxo Trader. Saxo Trader have a high commission of USD 19 per trade. Much higher than ThinkOrSwim but still much lower than Singapore Brokers.

Kyith

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michael

Thursday 17th of April 2014

hi, so as a singaporen/PR living in singapore, do you recommend opening an account with TOS US or TOS singapore?

Kyith

Thursday 17th of April 2014

hi, i think eventually they would want us to open in singapore. Even my account have been shifted to singapore.

christicadi

Sunday 29th of April 2012

Hi, can Indonesian citizen open account at TOS-Singapore? If no, why? If yes, what kind of condition you need. Thank you.

Drizzt

Sunday 29th of April 2012

hi christicadi,

you would have to check with ThinkOrSwim directly, alternatively, check if they have an Indonesian office, if you are based there. All you will need are valid identifications, and fill out the necessary paper work, and able to wire money from your bank acount to fund your TOS account.

windstruck

Thursday 6th of October 2011

How do you compare etrade with tos?

windstruck

Thursday 29th of September 2011

Hey anyone heard abt etrade?

Drizzt

Friday 30th of September 2011

ETrade is a us discount broker that opens a branch in Singapore

Eddy citro

Tuesday 24th of May 2011

Hi, can Indonesian citizen open account at TOS-Singapore? If no, why? If yes, what kind of condition you need. Thank you.

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