Hello Scarlett, can you really make a tax treaty (PH-US) claim if you are an OFW? I’m wondering if you have any insights po on the taxes. Keep trying as you did with the TD Ameritrade application! To open an account with TD Ameritrade as a Non-Resident Alien, you have to submit the following documents: 1. The fee structure should have layers as there are fees for both the feeder fund and target fund. TD Ameritrade, Inc. has made the business decision to no longer offer brokerage services in your area, starting on November 4, 2016.1 However, we are pleased to inform you that there are a number of choices available to you for your account: 1. Just looked at a video on how you can put 0% applicable for residents in the Philippines at least. I am also a TD Ameritrade client and I think that we are both going to be royally screwed. The Ultimate Guide to Philippine Index Funds, How to Break Your Financial Vicious Cycle Part 2, A Romp Through the Lavender Field in South Korea, did not have substantial presence in the US, I Opened a TD Ameritrade Account-Now What, Taxation on US Stock Investments of Non-Resident Aliens. Page 3 is to review all the information you put in. In the meantime, clients can access their accounts through thinkorswim Web, the thinkorswim mobile app and via all other TD Ameritrade platforms. Regarding using EToro, I haven’t used it myself but according to its website you can’t trade VTI shares directly. From my experience, I wired USD 5150 and my total wiring fees were around PhP 2100 resulting to around 0.84%. ☹️ I know most Vanguard funds pay dividends though. Im in Mexico and could create account but not sure how to use wire transfers and how expensive It Is. Cheers…Damian. I'd probably add more funds if it goes well. Apparently, they can’t find my mailing address on the statement I sent. The account does not have to be dollar-denominated. If that doesn’t work, I suggest that you try an online fax service for a small fee. Do you need to file for taxes in the US if you use TDA? After printing application and the W-8BEN forms, you can mail them to: TD Ameritrade New Accounts Department, PO Box 2760, Omaha, NE 68103. ETFs would be more long term but I'd like the flexibility of directly buying shares of specific companies for short to mid-term gains. i have yet to accomplish the paperwork. For those outside of the USA, we cannot open Roth and other tax-advantaged accounts, which are only for US citizens and tax residents. A few questions Ms. Katie, were ALL your documents faxed (not mailed)? The only reason is that I wouldn’t feel safe if I send/show my bank statement to other person outside from TD, even if it is an official translator. Does this mean that you are still filing income tax return in the Philippines even if you are an OFW residing in Korea? Hi! If you're doing monthly deposits of say, ₽20k. I haven’t checked since I’m not particularly interested in trading with a margin account. Not bad considering the situation in the US. I believe EU residents can’t open an account with TD, unfortunately. #1. Post 1 (this post): How to Open a TD Ameritrade Account Outside of the US as a Non-Resident Alien, Post 2: Taxation on US Stock Investments of Non-Resident Aliens. If that doesn’t work, I suggest that you try an online fax service for a small fee. This blog is the only sane investment advice blog for Pinoys that I’ve read. Again, these rates are for dividends and not for the sale of your stock holdings. How much percentage? It is a powerful and versatile platform and offers advanced analysis tools, educational materials and tutorials, real-time data, customizing strategies, live chat, statistics, etc. A reader was able to open an account by submitting their documents this way. Sorry that’s a lot of questions I am curious would love to read more! Hi Katie, thank u very much for such an informative post! What was the first US stock that you purchased? I am at the stage of needing to send the forms back to them but don’t want to deal with the delays of incorrect info being sent and having to resend etc. I chose FDIC-insured deposit. Full credit to you for your diligent research and persistent door knocking. However, this is not to discourage you or anyone. What do you think ? There were reports of login issues on the TD desktop site, too. In Christ Jesus, Hugh Wilson. Guess I’ll look into Interactive Brokers Pro (they don’t have IKBR Lite for people living in Japan). Hi Katie! GAAP earnings are the official numbers reported by a company, and non-GAAP earnings are adjusted to be more readable in earnings history and forecasts. I think the trading fees are only for OTC. TD Ameritrade Autotrade: TD Ameritrade's website includes a handful of unique tools. The trading commission for Interactive Brokers can be actually lower than TD Ameritrade’s because it is based on a percentage of the trade compared to a flat rate. Yes, there are other ETFs available not only from Vanguard but also from other companies. My files are for verification since May 25. I’m also in Korea but can’t find the information reagrding this section.. You have to check the Korea-USA bilateral income tax agreement, here. It's a lie, they didn't give bonus to us. Share. Post 5 (this post): My Experience Wiring Funds to TD Ameritrade Account with BPI Better than what? Whether you choose the standard electronic transfer or are willing to pay your bank for an instant wire transfer, Ameritrade makes sure these funds are available for you to begin trading in your account as … I don’t know how safe it would be to send my bank statements to another company for translation (they will see all of my personal info, balance, etc). Enregistrer Partager. I’m not sure why they fail to mention the crazy management fees because those can sap your gains. Recipient email should be international@tdameritrade.com. Hopefully people here can enlighten me. How do you pay taxes living outside USA, and is it easy to pay it? They probably won’t because for international transactions nothing beats passports as identification. Great to hear that I was able to help you. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation (NYSE: SCHW). These are the online brokerages that allow people from the most number of countries to open accounts. Ooh, so trading stocks of all major companies in the NYSE and NASDAQ have zero charges? I will write more about the IRS regulation and PH-US tax treaty in one of my next posts. TD Ameritrade Secure Log-In for online stock trading and long term investing clients In 2021, TD Ameritrade was Best in Class for its Platform and Tools, Research and Mobile Trading. TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, forex, options, cryptocurrency, mutual funds, fixed income investments, margin lending, and cash management services. La TD recueille les dons pour soutenir les opérations de secours aux Philippines à la suite du typhon Haiyan. Tradingwithforexforbeginners.com December 7, 2020 0Comments 6 Views Get a glimpse into TD Ameritrade’s Advanced Technology office in Ann Arbor, MI. National Capital Reg. Will maybe check one of these days and update this response. After waiting for 2 weeks, I finally gave up and called TD Ameritrade customer service and requested for my account number over the phone. Maybe I can help… drop me an email at bradixzz890@gmail.com. I just thought to think out loud with you. Post 1: How to Open a TD Ameritrade Account Outside of the US as a Non-Resident Alien. Thanks in advance. Also, TD and other US brokers (assuming it's similar with IBKR as top international US brokers generally follow the same format in order to attract clients), don't charge fees for account maintenance unless you meet their minimum equity threshold that is similar to a margin account (usually around 2k dollars). Sorry about all the questions, I'm just starting to learn about investing beyond PH stocks and UITFs. Click to acknowledge that you read and understood the terms of your application. But most countries do not follow this regime. You have to follow all the requirements before TD will allow you to open an account. Would your account also allow you to invest in mutual funds like VTSAX? Design by Elementor. I am on a constant quest towards self-improvement, to mixed results. I only submitted my UMID and my account was approved in a day or two. You might want to take a look at this warning article, which provides more details: https://markets.businessinsider.com/news/stocks/next-recession-forecast-new-york-fed-model-highest-since-2009-2019-7-1028338398. I really liked your post and found it helpful and really interesting, thank you for sharing with us your experience ! You can also call their customer service hotline if you want to get it sooner. I read that you are from PH living in KR also wanted to know, in case you want to go back to your country, how will you manage this situation? So, looks like quite a few places are excluded from trading. Another option would be for you to submit your documents using an online fax service, such as Fax Zero. TD Ameritrade. It’s Article 11 paragraph 2. … It’s much easier to open an account since you can just upload the documents online. On the US side, I wrote a blog post regarding taxation of dividends and sale of US stocks. Next is funding. I wanted to pick your brains and see if you were successful at all? Filling out the application may be a bit confusing for some so I made this tutorial to help. Where can I find the e-mail of TD ameritrade? Thanks. Further I would be happy to chat with you by email and might be able to pass on some lucrative US stock info if you are interested. But, I would rather start with a minimal investment just to test the water since I plan to ride the next economic expansion cycle, that should follow the next expected recession in late 2020, with some substantial investments . Home; Home; Crypto; TD Ameritrade; ForeX; Free bonus; Best Forex Brokers; News; TD Ameritrade Careers, Ann Arbor – Advanced Technology Office. I suggest you send the docs via an online fax service. Im just worried I will be flagged or investigated under AMLA if its too big – I would really like to just transfer one big amount to avoid expensive transfer fees. Thanks! Global Forex Broker Regulatory Inquiry APP! The lowest fees for PH index funds is .5% by FMETF. I get this error message after I selected that I am living in the Philippines and not a citizen/resident of US: We can’t open your account at this time. By any chance, have you tried comparing the costs of buying vanguard etf/index funds with feeder funds that track the said funds? That’s right. I am down to my last leg of the application, which is to upload it to https://moveit.tdameritrade.com/ and it wont upload my documents! I wonder if I could still get rejected? Hello, my concern is about the taxes, how a non us citizen can handle taxes while investing in the US stock market ?? Do you think it is worth it opening a TD Ameritrade account to buy the said etf instead of going through security bank? For the last page, you are given the instructions one last time as well as the printable version of the filled out form. 2. Supporting documents: such as current government -issued ID such as your passport, visa, or driver’s license. It’s not just: United Arab Emirates, and Australia not allowed. This blog is the closest Pinoys will get to a Ramit Sethi or a JL Collins. The customer rep Phillip Pogue is even has very bad attitude to customers, putting TD… I surveyed the few online brokerages that allow Non-Resident Aliens to open accounts and found out the following by checking their websites as well as via emails and phone calls: So I was basically left with two options: TD Ameritrade and Interactive Brokers. You made it sound doable and I’ve already initiated starting an account. Choose whichever applies to you, click to indicate that you have read the TD Ameritrade Privacy Statement, and click on Continue. Thanks for the info Raven. hey quick question. What alternative(s) is/are there ? Thanks for the head’s up Joel! What is your mode of funding your account in TD Ameritrade? Philippines （ English ） Login ... TD Ameritrade Investment Management, LLC. The most you get are these useless “ano ang mutual fund” type advice. About earnings, although the PSEi growth can be higher, it’s very volatile. For page 2 You have to fill out with personal and financial information. Press J to jump to the feed. Do they charge any extra fee while fund transferring to the Trading account and the vice versa while taking funds out. Yes, they can give the information via phone. Many countries cannot care less how much you earn when you are abroad and will not tax you for income earned when you are not in the territory. keep it up! Instead what you’re trading are CFDs or Contracts for Difference, which is an entirely different instrument from ETF.