越来越多人开始投资美股，可是他们用本地的Broker。本地Broker 除了commission 高（一单$25美元），最大的坏处是不利于长期投资者。这个情况那么久以来，还没改善。
1. 股息Dividend service charge ($8 per payment)
美股多数一年派4次股息（有些12次），每次派息，本地Broker 扣$8。最终股息白白被“吃”了。
2. 没有企业活动通知(corporate action notice)
如收购，分拆，本地Broker 没有通知/email投资者。也没有voting right /proxy 。没有邀请出席或网上聆听季报/年报AGM。
3. Withholding tax 税务
没有Form 1042-S，不能申请退税。
担心钱拿不回
投资者不敢用海外Broker，主要担心钱拿不回。Ali和朋友用了TD很多年了，有些还十年以上。TD是正牌Broker，不是scam。我们把钱提出来，不是问题。
在证卷商竞争白热化，很多小型Broker 面临合拼/被收购，如OptionExpress, OptionHouse 分分被收购了。
TD ameritrade 是其中一家大型证卷商。以下是10家美国大型证卷商(by AUM, asset under managed)
Barron做出证卷商比较：
Barron’s 2017 Best Online Broker Ranking
https://www.barrons.com/articles/barrons-2017-best-online-broker-ranking-1489811850
（如果不能阅读，请用google search，然后才click link）
不是每家证卷商接受大马用户。据知Fidelity, Merrill Edge, Etrade, Firstrade, Scottrade,
都不接受大马用户。
能接受大马用户如TD Ameritrade Singapore, Charles Schwab, Interactive Brokers, 其他等等。
不同Broker有对不同类型投资者市场。Ali个人认识是 TD Ameritrade 低门槛开户，提供高质素交易平台。Schwab门槛高最低开户$25,000美元，commission fee $4.95，提供full service ，而且个股完整基本面报告。IB (interactive brokers) 最低开户$10,000，低佣金（适合高频交易，高杠杆投资者），低息融资，支援多国股票，每样服务分开收费。也能比特币期货交易。
（如果不能阅读，请用google search，然后才click link）
不是每家证卷商接受大马用户。据知Fidelity, Merrill Edge, Etrade, Firstrade, Scottrade,
都不接受大马用户。
能接受大马用户如TD Ameritrade Singapore, Charles Schwab, Interactive Brokers, 其他等等。
不同Broker有对不同类型投资者市场。Ali个人认识是 TD Ameritrade 低门槛开户，提供高质素交易平台。Schwab门槛高最低开户$25,000美元，commission fee $4.95，提供full service ，而且个股完整基本面报告。IB (interactive brokers) 最低开户$10,000，低佣金（适合高频交易，高杠杆投资者），低息融资，支援多国股票，每样服务分开收费。也能比特币期货交易。
三年前，Ali介绍过TD Ameritrade (US)，连线 http://aliinvest.blogspot.my/2015/05/td-ameritrade.html
后来TD Ameritrade 不再接受大马和新加坡用户，我们可以把户头转去TD Ameritrade Singapore （ 前身是thinkorswim，并购后转名）。TD Ameritrade Singapore 和US 有点不同。
1. commission fee $10.50, ($9.95 Malaysian)
2. No free commission ETF
3. No web base trade platform
4. Min deposit $3500 to get rebate up to $100 and referral reward $88
Ali个人的建议（本人推荐收取利益，意见可能存有偏见，投资者根据自己的投资需要而选择）
TD Ameritrade Singapore （新户，门槛低）
Charles Schwab International （大户，开户$25,000）
Interactive Brokers （高频交易和高杠杆投资者）
有意开户的读者，可以联络Ali做推荐人 email: boonlee77@gmail.com
证卷商特点如下：（详情以官方网页为准）
TD Ameritrade Singapore
www.tdameritrade.com.sg
- Product: Stock, ETF, Option, Future
- Commission flat rate USD$10.65 per trade (Singaporean), $9.95 per trade (Malaysian)
- No monthly maintenance fee
- Different from TD Ameritrade (US based)
- No free commission ETF
- Transfer fee rebate up to $100.
- Referral reward $88, for deposit more than $3500.
- Deposit more than $25,000, get 25 free trades. $50,000 get 50 free trades. $100,000 get 100 free trades.
- Accept USD or SGD cheque local bank
- Wire withdraw fee : $25. Waive for net asset more than $100,000
- No support ATM debit card
- Stock withdraw fee : $25 (partial), $75 (full)
- OTC stock: commission + ADR fee $15
- Branch setup in Singapore, local administration support
- Desktop trade platform : Thinkorswim
- Mobile trade platform : Thinkorswim App
- Web trade platform : Not available
- Stock quote : Real time streaming, Level 2 market depth
- Auto dividend withholding tax refund** for certain ETF, REIT, BDC
Charles Schwab International
http://international.schwab.com
- Product: Stocks, ETF, Options, futures, bonds
- Min initial deposit USD$25,000
- Commission flat rate USD$4.95 per trade
- No monthly maintenance fee
- 200+ commission free ETF
- No referral reward. (referral may get free trade instead of cash reward)
- Support US cheque deposit (routing number is provided)
- Support Paypal deposit (no extra charge)
- Wire withdraw fee : $25. With $100,000–$499,999 in Household Balances, three free online domestic wire transfers per quarter; with $500,000 or more in Household Balances, or 36 or more stock or option trades per year in Accounts, three free domestic wire transfers per quarter.
- Support ATM debit card convenient cash withdraw (Unlimited ATM fee rebates)
- Stock withdraw fee : $25 (partial), $50 (full)
- Desktop trade platform : StreetSmart Edge (Real time streaming)
- Mobile trade platform : Schwab App (Real time no streaming, No Level 2)
- Web trade platform : Schwab web trade
- OTC stock: commission + ADR fee $50
- Fixed Income: US Treasury ($0), Corporate Bond $1 per bond ($10 min/$250 max)
Interactive Brokers
www.interactivebrokers.com
- Product: Stocks, Options, futures, forex, bonds, ETFs, CFD
- Min initial deposit USD$10,000
- Lowest commission: (Fixed) $0.005 per share (min $1)
- Monthly maintenance fee :$10 (Std $10 - commission)
- 34+ commission free ETF
- Access 120 market, 26 countries, 20 currency
- Withdraw fee: Free one withdraw per month. $10 (wire), $1 (ACH). SGD$15 (wire).
- Desktop trade platform : TWS
- Mobile trade platform : TWS App
- Web trade platform : TWS
- Standard Delayed, streaming, Level 2 market depth.
- For Real time streaming data fee USD 10.00 Base + USD 0.01 per Snapshot
- Fixed Income: US Treasury ($0), Corporate Bond $1 per bond ($10 min/$250 max)
- Low interest financing margin facilities for leveraging investment
http://aliinvest.blogspot.my/2017/12/broker.html
