If MYR > instarem > captrader can, don't see why MYR > instarem > tradestation cannot. Should be doable since end account is still interactive broker Citibank.

You can still do your regular MYR -> EUR via Instarem / buy SXR8.

Since TradeStation and CapTrader are both Interactive Brokers whitelabels/introducing broker, I'm expecting the bank given to transfer EUR to be the same, just different account number - Interactive Brokers (U.K.) Limited / CITIGROUP GLOBAL MARKETS DEUTSCHLAND. That's what I see from punching in a deposit notification for EUR currency under TradeStation.

sui ah. Ok i do MYR -> Instarem -> TradeStation

will report outcome.

Last I tried, Instarem can't do MYR->EUR directly as they do not support it. That's why I need to do MYR->Instarem->SGD->CapTrader->EUR

This post has been edited by wt_vinci: May 19 2019, 11:20 AM

alexkos got MYR Instarem -> EUR Captrader to work, perhaps the key is how you enter the fields in the deposit notification? Was your funding account bank Citibank Germany?

hehe alex success.

Open captrader, set currency EUR
wire citibank germany

Yes, you need to have a Sg bank account first. I use CIMB Sg saver account to transfer via FAST to my Captrader account, so no fees.

And to fund my CIMB Sg account, I u use Instarem. So there you go.

Edit to add : my base currency in Captrader is Sgd due to the above, therefore I can perform conversion to other currencies to buy stock when the forex rate is favourable..

This post has been edited by markedestiny: May 19 2019, 05:01 PM

Thanks, comparatively Tradestation is cheaper. But there is inactivity fee if not active ?

No inactivity fee.

Are you sure on this ? Maybe you want to check with their customer service to confirm..

According to this link below, Tradestation charges non trading fees like inactivity and withdrawal fees.

https://brokerchooser.com/broker-reviews/tr...n-global-review

Customer said no charges.

That's great! Seems like they have drastically revamped their fees structure recently...

+1, I have written response in e-mail from tradestation global support stating no inactivity charge as well

Anyway I will re-email them and see if they are still not charging. Last email was about 2-3 months back prior to opening account.

Will update back here.

This post has been edited by Ramjade: May 19 2019, 08:41 PM

Do ask them if there is any non trading fees that investors should know aware of, besides the inactivity & withdrawal fees just to cover all angles.

IIRC, previously Tradestation has a complicated fees structure, glad to see they have improve on these and becomes cheaper as p per their web.

Btw, if you use Sg bank FAST to fund your Tradestation, how fast the fund reflected in your trading account. The review link I posted mentioned 3 days?

For Captrader, I can confirm it's quite immediate within the same hour after I transferred, provided I notified them online accordingly.

My response is dated 23 April 2019:
Funding via FAST to IB's Citibank SG
Initial: 1 May 2019 10AM, reflected morning 2 May 2019 (public holiday maybe?)
Subsequent: 2 May 2019 2:30PM, reflected within 1.5 hours same day

This post has been edited by roarus: May 19 2019, 09:17 PM

Official answer from them
https://www.tradestation-international.com/...5-076dce98-7d77

haha can't assist because I was in hurry so I fund using TT
next time I will use instarem i think after i got my SG bank account

Thanks for your reply. Just fyi, two of my transfers were performed at night with one transfer being done on a Sunday night.

The withdrawal speed on local payments is always fast - even when doing large amounts.

GBP / EUR withdrawals I often get credited within 15 minutes or so during business hours