Part 3: Ease of Openingġst – FSMOne (new accounts are opened within one day fully digital)Ģnd – TD Ameritrade (within 3 – 5 days fully digital)ģrd – Interactive Brokers (more fields to fill up and within 3 – 5 days fully digital)Ĥth – CIMB/UOB Kay Hian/Kim Eng (within 4 days and above fully digital but you need to have a scanner to scan some documents) The rest are quite comparable with TD Ameritrade being the next cheapest for USA markets. When you’re converting currencies to HKD and USD, Interactive Brokers gives the best rates. If you have above US $100,000, there is no reason why you should not use Interactive Brokers. It charges a minimum of US $1 which is very cheap in comparison with another brokerage. While Interactive Broker charges inactivity fee, you could see why investors flock to Interactive Brokers. Part 2: Commissions Rate source: compiled from respective websites data may change. Instead, new investors may opt for TD Ameritrade or FSMOne as their next alternatives. This may dissuade new investors from opening accounts. Unless you have a portfolio of above US $100,000, you have to pay some inactivity fee every month. The downside is you have to pay for live data and it is more suitable for investors with bigger portfolios. Part 1: Market Access and Instruments source: compiled from respective websites data may change.Īs you can see, Interactive Brokers is the most comprehension broker in terms of market access. Despite CIMB charging higher than FSMOne, I am sticking with CIMB because I prefer the convenience.īefore I go on to highlight the differences between platforms, I believe it is up to you to decide which is the best for yourself. My Singapore portfolio weightage is a small % of my overall portfolio. After getting the live data from ThinkOrSwim, I will execute my trades on Interactive Broker because it is the cheapest.įor my Singapore stocks, my CIMB broker will execute for me. Apart from that, I don’t have any use for ThinkOrSwim. ThinkOrSwim provides me with live data and the user interface is user-friendly. Occasionally, I have some options in my portfolio as well. My cash is used for USA companies while CPF money is used for Singapore companies. My investment strategy is purchasing high growth companies in USA companies and Singapore companies.
THINKORSWIM REFERRAL MANUAL
The manual you’re reading now describes these features in detail (refer to the corresponding pages for more information), but for now, let’s focus on what can be found under the seven main tabs: All these tabs also have subtabs, each dedicated to a certain thinkorswim feature. The main window contains eight tabs, which provide you with numerous kinds of functionality: Monitor, Trade, Analyze, Scan, MarketWatch, Charts, Tools, and Help. The left sidebar is where you keep gadgets necessary for your work. The working area of the thinkorswim platform can be divided into two parts: the left sidebar and the main window.
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