Sell or Transfer your Assets and Close your account
Remain open. You will continue to be charged a monthly account maintenance fee of USD $50 until you complete an entire account transfer and/or wire withdrawal to bring your account cash balance down to $0 (zero).
Here is the timeline, and please note the impact:
I would most likely close my account if I could but like a Telegram member says, ThinkOrSwim even before being bought over by TD has one of the better options and charting platforms out there.
This will impact the smaller options traders who are trying to learn options on a better platform.
I would most likely check how much I have in my TD account and close it if possible. The impact to my account should be minimal.
Like most announcement of cessation of business, I thought they should give more lead time.
This message also shows us that they are likely pulling out of Singapore (perhaps due to the intense competition) and the AI money will be managed directly from the US entity.
For some of you, this might concern you as you prefer an entity with at least a local presence.
To trade stocks & options in US, there is always a few brokers such as WeBull, Moomoo, Tiger as well as Interactive Brokers.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend. All opinions on Investment Moats are his own and does not represent the views of Providend.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.