TD Ameritrade Singapore on Wednesday (July 29) announced that it will stop charging commissions for its clients trading the US markets in Singapore.
This applies to online stock, ETF, and option trades.
Clients under the brokerage trading options will now pay 70 US cents (96.5 Singapore cents) per contract with no exercise or assignment fees.
“Since the launch of our Singapore business in 2011, we have seen growing demand for our services in trading US stocks, ETFs and options. The move to zero commission is fantastic news for our clients and, thanks to the diversity of our business model, we are glad to make it a reality,” says Chris Brankin, CEO of TD Ameritrade Singapore.
“Beyond zero commissions, we are committed to giving our clients the best possible investing experience, with cutting-edge technology and award-winning investor education and service teams. Now, that experience just got better for our Singapore clients,” he adds.
