The last part of the bank account number is your account number - probably best to edit this out!

Thanks. Just want to confirm with you guys. Apart from the trade commissions, are there other charges like stamp duty/clearing fees etc. if I buy USD-denominated UCITS on LSE/SIX?

Also, for the USD UCITS I purchase through Captrader/Tradestation global, will they will held under a central depository system (which is under my name) or will it be held in the form of a custody account (which means Captrader/Tradestation hold the shares on behalf of me).

And if it happens to be a custody account, what happens if Captrader/Tradestation global go bankrupt? Will all my money be gone?

(I risk-spreading strategy I can think of is to open both Captrader and Tradestation account to spread my risk in case one broker go bust. Also, I will invest some of my money directly in US ETF through TD Ameritrade to further spread my liquidity risk. So, basically, don't put all your eggs in one basket.)

Any other risk-spreading strategy to share?

I am new to foreign brokerage, sorry for the nuisance. Thanks again for the help.

Of course la good. But for those clearing fees is practically negligible.

Custodian. You can get like a CDS for overseas stock brokerage. Worried about what happen to your money? Read here. All answered in the link below.
https://www.interactivebrokers.com/en/index.php?f=2334
https://ibkr.info/node/1968

No need to open both. Both account is owned by interactive broker. Makes no difference. Pick one. If you really want to split go with Charles schwab better. Cheaper than TD Ameritrade. For me I will am not worried about IBKR as
1) they are well capitalised
2) protected by FDIC and SIPC (US insurance like our PIDM)

This post has been edited by Ramjade: Aug 24 2019, 10:08 PM

This should give you give you the appropriate Citibank NA Singapore to transfer to for SGD:
https://www.interactivebrokers.com.au/sso/Login -> Transfer & Pay -> Transfer Funds -> Choose a New Deposit Method -> SGD -> Bank Wire

I'm not too sure if it applies to Interactive Brokers UK Ltd though: https://ibkr.info/node/2012

In any case I'll err on assuming UK's FSCS with lower limits instead.

This post has been edited by roarus: Aug 24 2019, 09:41 PM

FWIW - FDIC is for protection of deposited funds / cash balances, securities fall under SIPC protection.

Thanks edited.

Charles Schwab wants US$25k to open account

This post has been edited by dwRK: Aug 25 2019, 12:43 AM

Mnaged to added SG currency after the 2nd tried.

one question about the inactivity fee.
TradeStation Global does apply an inactivity fee and it is $10 per month if you don't generate minimum $10 commission.

does it means i have to trade US stock at least 7 trade per month since the minimum rate is USD 1.50 per trade?

This post has been edited by Kudo2012: Aug 25 2019, 10:56 AM

Eh...they say no minimum activity required but inactive account they may do something... where you read got $10 fee

Please check below website: -

https://brokerchooser.com/broker-reviews/tr...-and-withdrawal

No fee. Already asked their customer service x3.

Check direct website faq lah...its says no min trade...no mention of inactivity fee

Greatm thanks for the advice

sorry, my bad

No worries... good luck

Happy Sunday guys!

besides SXR8, any other funds that you guys can recommend to buy (or the one that you are currently holding) and hold for long term?

Thanks guys?

I'm collecting IWDA (USD, LSE). It tracks ~1,600 stocks from developed countries in the world, of which about 60% comprises of S&P 500 companies (followed by Japan & UK).

I benefit less if S&P 500 charges on for the next 3 decades until my retirement, but I'm still covered in the event it loses steam. I also benefit a little if ever an emerging (developing) country like Malaysia decides to finally 'emerge' into developed status.

Hi Roarus,

Is there any other ETF similar to IWDA, but in other currency like GBP or EUR?
Or it is more advisable to stay with IWDA, in USD?

https://www.ishares.com/uk/individual/en/pr...ts-etf-acc-fund

It’s traded in different currencies too

Thanks a lot,appreciate it

How about others?

It's the same underlying fund overall, just fund and buy in whichever currency you have/convenient for you.

I go with USD because:
i. I fund via SG bank and convert
ii. LSE having more volume
iii. Live data from google finance