rjb123 automated robo ETF investing is going to be launched in Singapore.

Smartly - June 2017
Stashaway - 2017

Sorry for interrupting, but robinhood isn't available for Malaysian, right? I see that it's only for American under the requirement list.

Yup only for american. That's why need ask brokers whether they accept international client or not.

Thanks for confirming.

Agreed with you.

What is the difference between opening an account with TD ameritrade and TD ameritrade.sg?

For Malaysians do we usually go for .sg? As I can see the US one has lower brokerage fee

TD ameritrade for US citizen.
TD ameritrade.sg for asian (less choices) There are other cheaper options. TD ameritrade is overated.

Hi, anyone could advise me how should I make a US dollar transfer from local future broker to interactive broker without converting to ringgit Malaysia n convert back again to US dollar..

I have enquired maybank about foreign currency account ...n they replied tat they dun accept inward telelegraphic transfer in usd from local broker.

Below description make yours understand my problem easily:
Local broker(usd)>>convert to ringgit >>convert again to usd for interactive broker

N I hope to skip the process of converting to ringgit.


Thanks in advance ^^

Why would Maybank not accept a USD transfer from a local broker? As long as the broker offers withdrawals in USD by TT it shouldn't be an issue.

O..I enquired maybank via facebook.."it is not possible" is the answer from the page admin...I think I wil need to drop by nearest branch to valify it...thank you ^^..rjb123

I don't think there's any reason to verify with Maybank.

If the broker is willing to send USD to a Malaysia USD account just provide them the details and wait for the TT to arrive, i wouldn't worry too much.

cannot. u must convert usd to myr and vice versa.
maybank wan to earn the conversion fee

If it's just a normal incoming TT I doubt they can just reject it because they want to earn Forex fees. Unless this is restricted by the broker themselves.

If it really is so, just open an account overseas if you can meet the criteria.

Thank you ^^..MNet and rjb123

Hey everyone
I am new to the investing platform
I am interested to purchase few US Stocks. I registered for the Interactive Brokers demo account and getting used to the system.

I am interested to know if anyone has purchased US tech company stocks in Interactive Brokers?
Can I keep this stocks for years, maybe 5-10 years? Or should I sell them off within a period of time?

Thank you

Interactive brokers is for those who do frequent trading. If you are the buy and hold type, look elsewhere. There are other better US brokers.

Thank you for your reply.
Do you have any suggestion that provides buy and hold type US broker services?

Got so many. Have your pick.
Options house, Charles Schwab international, 8 securities

Hi all,

I'm trying to open Interactive Broker account. During the process, I was asked to fill in the following:

1. My Tax Residency
2. Employer Info

My questions:

I actually working in Europe and I pay tax in Europe. The obvious reason of I try to open up Interactive Broker account and plan to fund the account using SGD account in Singapore is to avoid the capital gain tax in Europe(the place I work). Can I fill in my Tax Residency country as Malaysia and use my Malaysia Tax Identification Number? On the other hand, can I provide my employer details with the contact info from my company Malaysia branch?

And what should I pay attention to to avoid trouble with W-8BEN?

Thanks.

How long are you going to be working in Europe for?

Are you going to be actively buying and selling or mostly buying and holding for the long term? As the capital gains will only be relevant once sold / profit realised.

Most EU countries have a threshold on CGT before you need to start paying

End of the day it's your responsibility to declare correct information ... if anyone will notice who knows.

W8BEN is so you're not liable for CGT in USA, and if you're in a country with a treaty rate (ie Ireland) you only pay 15% WT on divs rather than 30%