trying to understand more about foreign ETF before I commit

correct me if I m wrong, from what I understand in the discussion, if I have an account with a US based broker (say IB/charles schwab) and I buy a US based ETF, the gains will be taxed 30% by the US government?

but if I have an account with a non-US based broker (say 8securities) and I buy a non-US based ETF (say london?) the gains would only be taxed 15%?

Hi guys,

I am new to this so please be patience with me. I am reading though this thread. Still reading.

ETF is tracking of a basket of index right? Suppose I want to buy a specific stock like let's say Amazon. Is it the same?

Do I need a bank account in USA? In the event I want to cash out they will transfer back the money to my account in Malaysia? 

https://forum.lowyat.net/topic/4640026

Thanks

1) will check with Fidelity how to go about this.
2) any cheap international broker to recommend ? Thanks

Do you have website for interactive broker?  Will check It out. Again very new to this. Only familiar with Singapore

Reason I am asking on fedaity is because I already have an account with them coz got stock option from my company.

FSM Sg usd8.8 /0.08% per transaction.. plus TT fees to sg is way cheaper than to US or other country. But bear in mind, u need very large amount maybe 30-40k and above to gain from etf. if small ikan bilis amount. the withholding tax, transaction fees will eat large part of yr profit.. better to earn local stock /UT if have smaller warchest

Hi, I'd like to say thanks for making this guide first, I'm still reading through it, just wanted to confirm a few things if that's okay.

1. IB's inactivity fee is only charged for those under 100k or total commissions during the month under $10, if my commissions are over $10 then I'd be fine regardless?
btw, IB has eliminated the 10k requirement ( https://www.investopedia.com/news/interacti...ccount-minimum/ )

2. Can one hold onto an Irish domiciled ETF while trading short-term on a US-Domiciled ETF? What are the main differences between them except for the WT %?

3. If I have an SG bank account, is it overall cheaper to deposit into my IB account via it? My income etc are RM.

4. IB allows one free withdrawal per month, does this mean if I don't go withdraw more than once per month, it's basically free to withdraw? When it comes to withdrawing. can you convert your funds into SGD and then to a SG bank account, or it's better to just put it directly into an MYR account.

5. TDAM Asia's website is apparently not secured on my end, are they any good or should I just stick to IB? Seems like they don't have commission free ETFs too.

Edit: 6. Does Malaysia have a tax identification number? Should I just leave it as a No while opening an account for IB?
Thanks again for this informative post.

Hi ramjade, would you know if 8securities has access to irish-domiciled ETFs?

Thanks fellas. I'm a bit curious, why do we need to submit our local tax information to them?

Not sure if I’m honest - I used to use Fidelity I think previously for UK but that’s was like 13 years or so ago ... the only other accounts I’ve held since were TDAM and IB, and as IB covered every market I didn’t have any reason to look for any other brokers.

Degiro redirects me to a page of 18 countries, I assume that’s because they don’t take international clients.

Well according to their FAQ

Then should be all good I guess.

Didn’t realise they actually did accounts now too - normally these forex companies will just use segregated accounts.

Anyway it probably isn’t too difficult to open an account in one of the supported countries

And found this on another website RE Degiro

Which bank is the account in, in which country? Seems to be the deciding factor here.

You can give Degiro a call, see what they say.

How to open TW account frm malaysia?

TW cannot transfer RM to USD IB account

how to use Instarem to transfer to TW?

What info I need to filled in Instarem?

Do u mean we can store money at Transferwise?

Australian account number and BSB code
British account number and sort code
European IBAN
US account number and routing number

Hi guys, was wondering anyone knows about transferring us stock into a local bank account , I already have a foreign stock account here

Thanks for the feedback, however the only trading account I have for foreign stock is HLE.

Asking as I been offered a chance for private equity, if any chance it IPO, want to transfer back here to sell .

Any thoughts ?

Let's say I don't mind about the costs, is it possible to transfer it back here ?