ok i am meeting them soon

Sui. They will give u t shirt goodies also.

I didn't receive any freebies when they verified me

Anyway I have received a 'goldcoin' souvenir for my past few transactions with them.

yer...why i dun have

I tak dapat anything.

Maybe our transaction not large enough.

Did you finally go ahead with TradeStation? Asked TradeStation a few questions, and got a separate email promo offer to open an account for $2,500.


the guy only gave me welcome RM10 value promo code

Yes. I went ahead with them.

This post has been edited by Ramjade: Apr 27 2019, 12:49 PM

Okay guys, here is the result of my experiment of bringing back monies from CapTrader (EUR) to Maybank account (MYR).

Used CapTrader to transfer my EUR cash (leftover after buying VWRL in AEB) to TransferWise's EUR account. Transaction fee is zero.

Transferred EUR to my MBB account from TW, total transaction fee about 0.973% which includes TW's fee of EUR 8.21 (0.821% out of EUR 1000) and forex loss of 0.152% (TW's 4.60484 vs 4.61183 EUR-MYR rate).

Received my money in my MBB account within 3 days from CapTrader. I compared with converting other currencies (SGD and USD) in TW to MYR and they differ quite a lot, with EUR-MYR being the cheapest.


What do you think of the cost to bring back the monies from IB/CapTrader? Is 1% too much? Do you have cheaper ways?


PS: I found that my Ireland-domiciled ETF, VWRL bought in AEB (EUR currency) gives me the dividend in USD. Since my shares are still little thus my dividend is very little, converting USD to EUR to buy back the ETF is too expensive (EUR 4 in IB). Jokes on me.

Why convert EUR - > USD. You can withdraw USD to TW then transfer back to Maybank. Save one conversion.

Withdrawing in USD to TW is not possible.
The owner name for TW USD account is prefixed with 'TransferWise FBO' (i.e. TransferWise FBO John Doe).
Any incoming ACH not matching the account name will be returned.

Withdrawing in EUR or GBP to TW is fine, already tested.

Bro, saw you also discuss in DIY SP500 and talk about CapTrader. Did i miss something about CapTrader Vs Trade Station?

Tradestation offer cheaper price than captrader and tradestation have access to SG market while captrader don't have.

Regarding IB/TradeStation registration - Pardon my excitement, but does this mean I'm good to go to perform account funding? Planning to initiate a deposit, via FAST transfer from my CIMB SG to Citibank, I should try with a small amount first, right? Or should I just dump in the full min account opening amount?

I would dump the min amount.
Just make sure that the account number is entered correctly and your personal reference (Message to recipient) is included in the FAST transfer.

hyperzz has said it. Not possible for IB -> TW in USD.

Update: Able to see Client Portal now when I login instead of Application Status screen, will proceed to fund account in lump sum. Thanks

any Sifu here know does Maybank iSavvy SG account (which said can be open in Malaysia) has FAST transfer function?

Do you know how to tranafer USD from IB to TW?

Yes can.

Yes it both Maybank SG and CIMB SG has FAST Transfer

As mentioned in post #1130, it's no longer possible to withdraw IB -> TW in USD.
You should have received an email from TW regarding the USD account name change:

I do have a real US bank account for USD withdrawal via ACH. The processing time is T + 1. This info was omitted in post #1107 as it is irrelevant to most people here.
If you have a US visa and would travel to the big cities in the US, you can easily open bank account with the major banks there as a non-resident.

This post has been edited by hyperzz: May 1 2019, 07:19 PM