28-09-2023, 04:28 PM
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TD Ameritrade Singapore to stop serving retail investors
28-09-2023, 04:29 PM
TRADING platform TD Ameritrade Singapore will stop its services for retail investors from December this year, to focus on accredited investors instead.
The move will allow it to “better serve the unique needs of local investors”, said the company on Tuesday (Sep 26).
In response to queries from The Business Times, a 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”.
The move will allow it to “better serve the unique needs of local investors”, said the company on Tuesday (Sep 26).
In response to queries from The Business Times, a 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”.
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