Welcome Guest ( Log In | Register )

11 Pages « < 6 7 8 9 10 > » Bottom

Outline · [ Standard ] · Linear+

 All about ETFs / Foreign Brokers, Exchange traded funds

views
     
TSrjb123
post Nov 1 2017, 11:35 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(lin00b @ Nov 1 2017, 10:12 PM)
just contacted Ameritrade SG, they dont offer commission free ETF.. so first post info is outdated.

whats the cheapest way of getting some USD/EUR based funds? i want to diversify away from MYR
*
I'll get it updated. At the time of writing TD Ameritrade referred to USA - at the time TD Ameritrade Asia didn't exist.

If you're OK with the minimum deposit of $10k and inactivity / data fees IB is still a good bet
TSrjb123
post Nov 12 2017, 06:02 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


SGD 50 for TT fees sounds normal. But the amount is normally fixed, and won’t increase as deposit amount increases
TSrjb123
post Nov 12 2017, 11:03 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(GloryKnight @ Nov 12 2017, 09:34 PM)
Btw guys, new update from me. I got in touch with Charles Schwab from US telling me to go via their Sg branch.

Excerpt:
You would be eligible to open the Schwab One international Brokerage account. The initial deposit requirement is $25,000 USD.

Yes, there you go. $25,000 USD initial deposit.

Guess the way to go so far is 8 securities or Sogotrade.

this is the link to the person's experience on transfer fee charges by 8securities (just last month October 2017)
https://apenquotes.wordpress.com/2017/10/10...e-8-securities/
*
The deposit and withdrawal of USD 50 by TT doesn’t make any sense, no one in their right mind would TT such a small amount.

The TT fee would be the same for 10k or 50k USD at which point it becomes pretty negligible.

With a $25k minimum, IB @ $10k would definitely be a better option.
TSrjb123
post Jan 11 2018, 12:34 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(yosia_k @ Jan 11 2018, 12:04 PM)
Hi experts,

After going through the forum, i decided to open account in IB and now in the process of opening account in IB, but i have questions on depositing fund into the account.
I am currently using maybank and when i asked the bank people, they said it is not possible to bank in money to IB account because maybank blacklisted IB, anyone experience this lately? I am not sure what is the exact reason, the person said it will still proses the wire transfer but it will be rejected. Need a light on this
*
I've not heard this before - but I've been depositing from overseas recently not from Malaysia.

Maybe someone else has had experience recently? This doesn't make much sense
TSrjb123
post Jan 12 2018, 12:22 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(yosia_k @ Jan 12 2018, 11:22 AM)
Hi experts,

Have question on IB, the minimum balance of 10k USD need to be maintained all the time? If my balance drop below that, means i need to top up in order to continue trading?

Thank u in advance
*
Nope its just the initial deposit

But balance under 100k you'll have to pay 10 USD inactivity fees
TSrjb123
post Jan 12 2018, 04:56 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(yosia_k @ Jan 12 2018, 03:06 PM)
Thank you for your answer, but i have another one
Currently i am in the process of opening account, the last step is to fund the account. In this state, my account is still not yet active and under review.
I have a concern:
1. If i deposit the money and my account is funded, what if my account still not yet active, my money will hanging there?
2. Is there a case that my account is funded but after review, my application is rejected? Will i be able to withdrawn the money?

Sorry for the noob question, first time opening broker account
*
I’m not sure to be honest, I haven’t heard of anyone having their account opening rejected

You could double check with their support (have online chat I believe)
TSrjb123
post May 27 2018, 01:08 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(mygarage88 @ May 27 2018, 01:05 PM)
Hi, Im newbie in TD Ameritrade. Hope sifu can help me out here.

1. I found that the brokerage fees with US account and SG account are slightly different (US acc cheaper). Are we as malaysian compulsory to trade with SG account?

2. What;s the charges of ETF if trading with them, cant find ETF fees.

3. First time fundinf fees are refundable?

Thanks ya
*
Can’t advise on fees right now as to be honest I haven’t used TDAM for quite a while

But me and I’m sure all other account holders had our TDAM accounts moved to Singapore, so I’m sure the same would apply to new accounts also.
TSrjb123
post Jun 26 2018, 03:50 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(wongmunkeong @ Jun 26 2018, 02:30 PM)
Bro - TDAmeritrade SG does NOT accept third party fund transfer.
I've checked with TDASG & MoneyMatch.

FYI - since end 2016 i've not pumped in $.
I was using CIMBClicks & Maybank2U - both online, too lazy to go physically to counter tongue.gif
Thus, nowadays dunno have issue or not online
*
What about using the Transferwise Borderless account? Maybe can deposit there first and onward to IB if there’s issues with local TTs

I haven’t done any deposits to IB or TD for a while from Malaysia
TSrjb123
post Jun 29 2018, 12:48 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(lin00b @ Jun 28 2018, 11:16 PM)
ok, so as a foreigner,

US demociled ETF = 30% tax on dividend
Irish demociled ETF = 15% tax on dividend

why would any foreigner buy US ETF then?

after a posted the tax question, i did a bit of googling, this article might explain it better for other people
withholding tax US vs Ireland
*
For trading US domiciled ETFs are better due to liquidity

For holding you’re better off with Irish domiciled due to the WT 15% vs 30%

Fees to buy Ireland domiciled can be a bit higher (I buy VUSD for example on LSE, fees are a little higher than SPY on US) but as I’m not actively trading it’s not really a big difference

TSrjb123
post Aug 19 2018, 01:51 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(takadanicklagi @ Aug 19 2018, 09:44 AM)
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
*
Well simple ETFs can track an index such as the S&P 500. Others are more complex (inverse, leveraged, currency hedged etc) but yes you buy them the same as you would for example Amazon on an exchange.

You don’t need a bank account in USA - you can use a foreign broker or you can use a local broker too. In all cases you cash out into your account in Malaysia or other accounts overseas if you have.

TSrjb123
post Aug 26 2018, 07:18 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(Ramjade @ Aug 26 2018, 05:56 PM)
1. If your commission is over USD10, you won't get charged

2. Sure why not? From what I know,  not so liquid means harder to buy and sell at the price you want.

3. Of course as you just transfer the money into IB like how you do a normal fund transfer to your friend/family. No additional TT charges + fees impose by banks.

4. I don't think it stacks up. One means one. Yes can withdraw into your SG bank account. They don't support RM due to nature of our currency. Yes you can cash out in RM but it's going to be more expensive.

5. Stick with what works for you.

6. Your income tax no.

rjb123please correct me if I am wrong.
*
All looks correct.

If you have an SGD account in SG that’s probably the best way to cash out - depends on the end goal. But if you plan to change into MYR you’ll have to pay currency spread somewhere!
TSrjb123
post Aug 26 2018, 11:22 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(Ladszy @ Aug 26 2018, 10:33 PM)
Thanks fellas. I'm a bit curious, why do we need to submit our local tax information to them?

Also, are SPY500 & VOO good options? Both tracks the S&P 500, or should I buy other ETFs and have one which tracks the S&P 500?
*
For my long term hold, I use VUSD (USD on LSE) ... it’s been quite a while since I looked into the alternatives.

It’s normal, if you use any overseas bank or broker they’ll always request this.
TSrjb123
post Aug 27 2018, 10:00 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(Aurora Boreali @ Aug 27 2018, 07:53 PM)
The branch manager doesn't know what they're doing.

Show them this if you want to argue: http://www.bnm.gov.my/microsite/fxadmin/ne...1_Residents.pdf

This is from HSBC's own website: https://sp.hsbc.com.my/liquid/6399.html
*
I think it’s more of a case that banks don’t like it - they prefer to sell you overpriced products which track the same indexes but with a hefty sales charge and management fee!
TSrjb123
post Sep 5 2018, 01:46 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(sukhwin79 @ Sep 5 2018, 01:33 AM)
Went to a different branch, and voila, transfer went thru without any hassle. No questions asked, just filled in the necessary paperwork.

Now that my funds are in IB, I want to start buying Irish-domiciled ETFs (to reduce witholding taxes). Does any know if all the USA-based ETFs' listed on LSE are Irish-domiciled or not necessarily so? I can't seem to find this info.
*
Just search for the ticker on the ETF managers website and you’ll see all the info including domicile.

Eg Vanguard from memory, are all Irish domiciled.
TSrjb123
post Sep 5 2018, 01:49 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(sukhwin79 @ Sep 5 2018, 01:33 AM)
Went to a different branch, and voila, transfer went thru without any hassle. No questions asked, just filled in the necessary paperwork.

Now that my funds are in IB, I want to start buying Irish-domiciled ETFs (to reduce witholding taxes). Does any know if all the USA-based ETFs' listed on LSE are Irish-domiciled or not necessarily so? I can't seem to find this info.
*
Here for example is fact sheet for VUSD

https://global.vanguard.com/portal/site/loa...y=be&docId=2108
TSrjb123
post Sep 5 2018, 08:56 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(Ramjade @ Sep 5 2018, 08:24 AM)
rjb123,  what broker to you recommend to gain access to UK,  Europe exchange?

Is Exante good?  Also can one open a Degiro account?

Not IB as no money for IB.
*
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.
TSrjb123
post Sep 5 2018, 09:03 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(Ramjade @ Sep 5 2018, 08:58 AM)
I emailed them and they send me to that page doh.gif doh.gif
*
Well according to their FAQ

QUOTE
It is possible to open an account with DEGIRO. However, to open an account with DEGIRO, you must have and maintain a bank account in a country which DEGIRO can accept. You must register to your DEGIRO account a bank account held in your name. You will use this bank account for depositing and withdrawing money from your DEGIRO accoun

TSrjb123
post Sep 5 2018, 09:11 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(Ramjade @ Sep 5 2018, 09:06 AM)
No problem there since Transferwise have UK and EU account under our name.
*
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

TSrjb123
post Sep 5 2018, 09:18 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(Ramjade @ Sep 5 2018, 09:12 AM)
That's if one can get on a plane to that country to get a bank account. If can't the only option I can think of is Transferwise.

Any reviews about Exante?
*
I’ve opened accounts without ever visiting and applications by post/courier are possible

Not heard of Exante prior to this, but a very quick google doesn’t seem very promising, and appears to be marketed as more of a forex broker. I’d prefer Degiro being from Netherlands vs Malta too
TSrjb123
post Sep 5 2018, 09:22 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


And found this on another website RE Degiro

QUOTE
You can open an account with DEGIRO if you have a bank account in your name from one of the following countries:

EU countries except for Bulgaria, Croatia, Cyprus, Estonia, Latvia, Lithuania, Malta, and Romania
Norway
Switzerland
For a UK registration, you will need a mainland UK bank account in GBP. DEGIRO does not accept transfers from UK overseas territories or Crown dependencies such as Jersey, Guernsey, Gibraltar, or Isle of Man.


11 Pages « < 6 7 8 9 10 > » Top
 

Change to:
| Lo-Fi Version
0.0570sec    0.77    7 queries    GZIP Disabled
Time is now: 4th December 2025 - 05:29 PM