Author Topic: TD Ameritrade no longer serving South Africans ... recommendations?  (Read 4272 times)

rvavruch

  • I've just arrived
  • *
  • Posts: 2
  • Karma: +0/-0
    • View Profile
I received a message from TD Ameritrade yesterday saying they were no longer going to serve South Africans. My account would not accept deposits and be restricted to only closing open positions after November 2021.

I would like to transfer my shares to another "cheap" broker. Any recommendations? Also any experience with the process?

Cheers,

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2537
  • Karma: +44/-2
    • View Profile
Re: TD Ameritrade no longer serving South Africans ... recommendations?
« Reply #1 on: August 19, 2021, 11:32:22 pm »
Wow that's crazy. Good news is Interactive Brokers dropped their monthly fee, so no reason not to use them anymore.

rvavruch

  • I've just arrived
  • *
  • Posts: 2
  • Karma: +0/-0
    • View Profile
Re: TD Ameritrade no longer serving South Africans ... recommendations?
« Reply #2 on: August 21, 2021, 05:00:21 pm »
Thanks Patrick! and thanks for the all knowledge you have shared, your article on investing overseas has been very useful for me.