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 All about ETFs / Foreign Brokers, Exchange traded funds

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SUSMNet
post Apr 25 2015, 11:51 AM

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QUOTE(AVFAN @ Apr 25 2015, 11:39 AM)
about this...

if i want to move funds out of IB back to my local bank acc, is that easy enough? takes about 24 hrs too? need some swift no., right?

the exchange rate should then be determined by IB's bank, right? usually standard?

thanks again.
*
yes u r right
SUSMNet
post Apr 25 2015, 01:54 PM

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QUOTE(rjb123 @ Apr 25 2015, 01:41 PM)
The exchange rate will be determined by receiving bank, you can't send funds as MYR from IB.

I use USD account with Maybank to avoid any exchange rate issues.

If you have accounts elsewhere you can fund and withdraw in SGD, EUR, GBP etc also. Rate for changing between currencies will be far better inside IB than through any bank.
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IB have USD/MYR conversion?


SUSMNet
post Apr 25 2015, 02:51 PM

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QUOTE(rjb123 @ Apr 25 2015, 02:03 PM)
Since when?

You can't deposit or withdraw in MYR afaik
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I mean convert.

From IB, u need to convert to EU if you wan buy EU stock
SUSMNet
post Apr 25 2015, 09:53 PM

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QUOTE(AVFAN @ Apr 25 2015, 08:47 PM)
thanks.

alright, that's assuring hearing from you.

10k it is! biggrin.gif
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when u wanted to convert to USD?
SUSMNet
post Apr 26 2015, 12:05 PM

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QUOTE(AVFAN @ Apr 25 2015, 11:25 PM)
i haven't even opened the acc!
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why so slow bro?

should open it earlier
SUSMNet
post May 2 2015, 02:11 PM

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QUOTE(sonicbull @ May 1 2015, 11:45 AM)
Hi everyone,

What are your thoughts on CIMB FTSE ASEAN 40?
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They dont have vast experience on this..
SUSMNet
post May 2 2015, 09:39 PM

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maybank sell 3.61....


SUSMNet
post May 3 2015, 09:22 AM

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Not sure whether should i depo more at this rate..
SUSMNet
post May 3 2015, 09:31 AM

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What long term stock u all bought?
SUSMNet
post May 3 2015, 10:39 AM

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recently at what price u deposited in USD?
SUSMNet
post May 3 2015, 11:14 AM

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What you mean?

I can directly know the conversion price immediately when I TT to US.
SUSMNet
post May 3 2015, 12:57 PM

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Its good choice to direct trade. save cost.
SUSMNet
post Mar 24 2016, 09:44 PM

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u all can try this https://www.optionshouse.com/why-optionshouse/
SUSMNet
post Jun 13 2016, 08:04 PM

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QUOTE(SpongeY @ Jun 13 2016, 04:16 PM)
Hi sifus, how do you transfer money into your IB accounts?

I went to Maybank to transfer a mere 10k usd into the IB account and the bank officer said i needed a BNM approval to trade US equities. Need some advice on this issue. How did you all do it?
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U can use maybank online foreign TT
SUSMNet
post Jun 13 2016, 09:36 PM

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QUOTE(rjb123 @ Jun 13 2016, 08:30 PM)
But quite low limit no?

Also can't do online TT from FCA
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New limit
http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts
SUSMNet
post Jun 14 2016, 07:39 PM

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QUOTE(SpongeY @ Jun 14 2016, 02:00 AM)
Well I dont have an overseas bank to do so, i guess I'll just have to get the BNM approval? No idea how to even get that approval  bangwall.gif

Im a private banker (not sure if this is 'priority' enough lol) in the Maybank branch I went to do a TT, still had to get the BNM approval for the officer. So tough to start trading nowadays sad.gif
You mean even if i did a couple of transactions through this online foreign TT to the IB accounts there will be no questions asked? with RM30k new max limit i think that can really help me out if thats the case.
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Yes u can.
SUSMNet
post Jun 15 2016, 07:29 AM

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IB withdraw screen shot.

For Maybank, there a lot of branch with their own Bank SWIFT/BIC Code, so which I should choose?

FYI, the bank that I used to wire $$ to IB dont have any Bank SWIFT/BIC Code.

Please advise. Thx

http://i.imgur.com/eI2C8kq.jpg


user posted image
SUSMNet
post Jun 18 2016, 07:52 PM

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Save the hassle, just move the stock to IB
SUSMNet
post Jun 20 2016, 08:12 PM

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How much the fee?
SUSMNet
post Oct 6 2016, 09:05 PM

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QUOTE(rotijon25 @ Oct 6 2016, 01:45 AM)
IB seems to be the best, but the USD10 a month inactive fee seems abit irritating, since i can only deposit a max of 25k usd.

=(
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USD10/month is not much.
Negligible

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