hi,
how do u open account for both broker, courier document or scanned ?
what's the minimum deposit ?
do u use moneymatch to tx money to fund the account ?

Helllo all

Looking to get started in US stock market. Read a lot of previous threads about reliable brokers with lowest cost.
Want to confirm with sifus which is the best one based on personal experience:

1. Interactive Brokers - heard this one is cheapest but not suitable if do not trade often

2. TD Ameritrade - a bit expensive but many people say its good

3. Charles Schwab - quite cheap also but how is the registration process?

4. 8 securities - looks like a startup so not sure whether can trust

Most important is reliability of whether can safely deposit and withdraw without issue.
Hope sifus can give other suggestions too

Thanks 

I am currently pondering the same question. Haha.

I have an additional question:
6. If you open an-US based account (e.g, interactive brokers, USA) are you liable to pay taxes on capital gains or fill up tax forms?

So far from what ive checked.

FSM sg: for sg stocks/reits and not UT.

8 securities: read somewhere about a guy transferring in and out sgd50: apparently the TT charges all are pretty high. What more a bigger amount being transferred, u will be charged even higher - that was the conclusion.

Charles Sc: so far its only 4.95 per trade and no charges on inactivity fees etc.

IB: high starting capital and good for those with a bigger budget to spend. Charges usd10 per month for account inactivity or commission less than usd10 per month.

Do correct me if im incorrect peeps.

Correction.  That's is TT fees.  It not what 8 securities can control. Even if you were to use IB or Charles,  very high chance you will be slap with that fees also.

That's why last time when there's no fintech,  we are force to pay those fees. Well not anymore.

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/
e

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.

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

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

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

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