nope it means you are creating a "custom etf" for youself.

e.g., you put $100 into tesla, $100 into ARKK, you'll be exposing yourself to *55.245% of tesla

*50% + (10.49% / 2)
10.49% is current weightage of tesla in ARKK now https://ark-funds.com/arkk

This post has been edited by Medufsaid: Sep 4 2021, 08:08 AM

Anyone bought some for CSPX?
Today up until almost 11 pm and down.

Hi, I'm New to ETF and IBKR. May I know which region of IBKR you register for ? as I can see many IBKR (US,UK,SG, AUS, etc.) and if we buy US etc we need to sign any forms like W-8BEN?

Thanks, your reply really means a lot to me. Thank you so much.

Hello. If you start your registration newly directly with IBKR, your account is likely US-based, otherwise if you switched from TradeStation International, then your account will be UK-based. But it doesn't matter for the purpose of day-to-day matters. Your shares are held in custodian accounts either way. As long as the custodian is fine, you are fine. Bu there are differences in US and UK finance laws when things go wrong, consult a lawyer to know more.

The many IBKR websites that you see, like US, UK SG, AU etc. are just different servers across the region. You will be automatically be routed to the nearest server, usually SG/AU (for my case, HK). The account functions similarly for either servers. Account remains registered with either US or UK despite the different servers that you are routed to.

When you open an account with IB, during the registration steps, if you choose to invest in the US, you will sign the W-8BEN form by typing your name in the blank space provided, that's for dividend withholding tax purposes. All investors go through the same step.

Some members have created quality content on IBKR account opening, kindly refer to:

Gracie's blog: https://ringgitfreedom.com/investing/beginn...-from-malaysia/

Ziet's video: https://www.youtube.com/watch?v=f__HgJRe3nU

no. ibkr has offices in those countries. the locals signs up under them, and their money protected under the respective country law...

I am saying from Malaysia's perspective. I suppose he will sign up from Malaysia. Of course, if say he is from Australia or SG, then his account will be AU-based and SG-based.

IBKR don't have offices in Malaysia.

This post has been edited by TOS: Jan 10 2022, 11:11 AM

[quote=TOS,Jan 10 2022, 10:12 AM]
Hello. If you start your registration newly directly with IBKR, your account is likely US-based, otherwise if you switched from TradeStation International, then your account will be UK-based. But it doesn't matter for the purpose of day-to-day matters. Your shares are held in custodian accounts either way. As long as the custodian is fine, you are fine. Bu there are differences in US and UK finance laws when things go wrong, consult a lawyer to know more.

The many IBKR websites that you see, like US, UK SG, AU etc. are just different servers across the region. You will be automatically be routed to the nearest server, usually SG/AU (for my case, HK). The account functions similarly for either servers. Account remains registered with either US or UK despite the different servers that you are routed to.

When you open an account with IB, during the registration steps, if you choose to invest in the US, you will sign the W-8BEN form by typing your name in the blank space provided, that's for dividend withholding tax purposes. All investors go through the same step.


Thank you for the kind reply and settle my doubt. Thank you so much. appreciate it. then I shall go to the US based. I think the Ireland-Domiciled ETFs is available in the us-based IBKR am I right ?

Sorry for interrupting so from Msian perspective investing with IBKR entail some sort of risk which I think other Msian posters have posted before correct? With recent samtradefx hoo-ha (not the first but neither the last) in Spore it make investors more cautious what they go into. Understand IBKR is big almost unable to fail but we all know history like Lehman Brothers, Arthur Andersen (used to be one of the big five accounting firm) go missing etc

I hope Msian investors don't put all their eggs into one basket.

you saying those ibkr .uk .hk .sg are servers... I'm just correcting you

If want safe, look for a proper big broker with a long history. Like CS or TD Ameritrade

Yes, UCITS as they are called are available on IBKR. They are listed on multiple exchanges across Europe, most are in UK, some in Germany, Switzerland. Some are even found listed in Mexico. Check the fund providers website to know more. 2 well-known ones are Vanguard and Blackrock.

Counterparty risk exists whenever financial intermediaries come into play. Brokers, banks, forex, derivatives counterparts, swaps counterparts and even insurance companies all entail some form of counterparty risk. You can and should diversify, large fund houses typically have a few brokers. But managing accounts across brokers can be a hassle for many if you have small holdings. So one needs to balance between the marginal cost of managing multiple brokerage accounts and the marginal benefit of the extra security earned. One way of risk management is to verify your broker's finances. It's kind of a dilemma sometimes, you don't want your broker to earn a lot from you, yet earn too little you risk your broker failing. (That's why bankers are rich!)

Yes sir, thanks for correcting.

Thanks you for the explanation, will now open one IBKR account for UCITS ETF. Appreciate

What's the real long-term cost difference between say buying an ETF on something SC-approved like FSMOne vs. something like IBKR? Is it significant if for every trade I execute they're above RM10k? I view ETFs as a long-term investment vehicle so I tend to save up and then lump sump a couple times a year. In that case, would IBKR still provide a significant cost advantage over the "safety" of local SC-approved options?

IBKR has its own certification from the US. And it's been there for so long already.
Well known to be the cheapest broker to buy US or Europe stocks or elsewhere.

For local brokers they charge insane fees a trade.

So really don't see why not just stick with Interactive Brokers. IB also removed their inactivity fee hence why they so popular now.

Remember to sign up with a referral link so that will get bonus IBKR shares for every 100usd deposited. PMed you my link.

This post has been edited by Davidtcf: Jan 12 2022, 04:37 PM

You have to pay extra stamp duty which is basically a tax revenue for govt

There is no stamp duty for trading on Bursa Malaysia ETF.

It is exempted only for Bursa listed ETF but only up to 2025

The paper is available here, for those who are interested: https://onlinelibrary.wiley.com/doi/10.1111/jofi.12727

Just in case there is a paywall (I can access it from my uni's linked-research portal), here is a downloaded copy:  The_Journal_of_Finance___2018___BEN___DAVID___Do_ETFs_Increase_Volatility.pdf ( 465.73k ) Number of downloads: 18


This post has been edited by TOS: Feb 21 2022, 02:25 PM

Pitfalls in "high dividend-yield stock ETFs" by 天下杂志 (12-01-2022)

https://drive.google.com/file/d/17tiQf8jk-i...iew?usp=sharing

Applies to Taiwan but the philosophy can be ported to anywhere else.

This post has been edited by TOS: Feb 26 2022, 06:31 PM

ETNs Look Safe. Investors Could Get Bitten.

Exchange-traded notes sound harmless, but most everyday investors need to beware

https://www.wsj.com/articles/etns-look-safe...share_permalink

Not all 3-lettered words begin with an "E" and ends with an "F". When it ends with an "N", you want to be more careful.

This post has been edited by TOS: Apr 8 2022, 06:34 PM