You get commission-free trading?

Just to share the charges i face
using MBB TT Online
to OptionsXpress US account

Every RM10K (max transfer per day imposed by MBB or BNM dunno which)
Pay RM10 to MBB
when reach US - OX's US bank, JPMorgan Chase, whack USD24

I think MBB fee is reasonable but not sure why you get whacked when reached OX's bank JPM?

I also they should allow you to transfer more than RM10k otherwise you have to transfer 3.2 times to get
equivalence of US10K.

This post has been edited by danmooncake: Jun 24 2014, 10:19 AM

This question keep popping up from time to time. Could TS put some FAQ in 1st page?

Rate charge by brokers were varies from time-to-time.. Could you help to summarise the rates
by posting it here or PM , in order for me to update it on the 1st page? Thank you.

Same here:

Brokers: IB

USD25k
Mbb money express:
Local bank charge: rm25
Us bank: usd28
Credited: same day.

Tips: goto counter and transfer one shot. Bank charge by transaction, not amount.

This post has been edited by gspirit01: Jun 24 2014, 12:15 PM

Hey guy when do u think the correction is coming?

ah so.. i thought so, thanks for confirming.

too lazy to go counter heheh - my man-day (counter far from my office, need at least 1/2 day off ) cost is more than that $ US bank charges.

maybe when i have $50K or $100K USD to transfer then i'll definitely remember to go counter - crazy man transfer several times over the month or two online + the cost

2018.

heheh - U missed 2014, 2015, 2016, 2017, 2019, etc too

quick quick - ask me when market will recover/spike?

if only we had crystal balls

kk tell me tell me! when the market will recover/spike?

If really got crystal balls den no point to trade/invest liao, everyone doing the same thing

Yea suddenly nothing no way in.. everything in bull mode now

Make your portfolio market neutral, then you dun hv to worry about it.


You are welcome.

no such thing lol.....USD 9.9 for each trade

latest on tues ....

strong german consumer confidence level
high US home sales tat beats the consensus
low interates to remain intact
more +ve data shd b coming in tis week
maybe correction not yet as that most optimistic SnP anakyst forecst it to b 1815-1826 with dows hitting 17k
better stay to watch the bull games....

give me more, bear bear. 1850 sounds good to me.

The part about US homes sales up are true for last month anyway (May) numbers are up when they were expecting
bad to worse because of the earlier weather related declining sales.

I can see XHB fighting to move back up. Let see how June goes.. if Summer months cannot drive more sales, Fall could be bad because seasonal moves could be over.

If it happens, just close eyes and BUY.

With TT you have 3 options :

1 - Sender bears all charges
2 - Receiver bears all charges
3 - Sender and receiver share charges

The default (unless you specify when sending) is 3, in which case charges will be as below - Maybank charge $4+ if sent from FCA + TT Charge ($12? can't remember, don't have payment copies to hand!)

Pretty much same for me - to IB or TDAM, same 24 USD charge, actually this is taken by the intermediary bank, not the receiving bank. By default when sharing charges the receiver pays intermediary bank charges.

Thanks for sharing...

Did you encounter the same issue like wongmunkeong did, where he said only max RM10K can be done per transaction?

If one wants to transfer US10K (~ RM32k), one may to do 4 times and get charged 4 separate times?

This post has been edited by danmooncake: Jun 25 2014, 09:31 PM