Why convert EUR - > USD. You can withdraw USD to TW then transfer back to Maybank. Save one conversion.

Regarding IB/TradeStation registration - Pardon my excitement, but does this mean I'm good to go to perform account funding? Planning to initiate a deposit, via FAST transfer from my CIMB SG to Citibank, I should try with a small amount first, right? Or should I just dump in the full min account opening amount?

Do you know how to tranafer USD from IB to TW?

Mind sharing which bank and what is the reason for opening an account when they ask? What is the minimum deposit amount for a no-annual-fee bank account in the US? Thanks

Yup business trip soon
Thanks, I'll look through

Hi guys, wanna ask what is the forex rate/charge

for converting SGD -> USD/EUR
in TradeStation/Captrader by buying the currency pair?

or it is live rate but only charging based on transaction fee? what is the transaction fee for each buying order?

What if I proceed to buy shares in other currencies with SGD without converting?  Would Captrader convert my SGD at the current forex rate?

My base currency is set to USD although my fund is in SGD.  As such Captrader indicates my current cash holding (SGD)  in USD equivalent.

It should go through actually - with IB at least as long as your margin can cover it ... you can have any amount of negative currency balance.

I don't think your transaction can go through.

The withdrawal speed on local payments is always fast - even when doing large amounts.

GBP / EUR withdrawals I often get credited within 15 minutes or so during business hours 

I am still in the process of funding...so I don't think I am going to make a withdrawal anytime soon 
But I could take your word  for the speed of withdrawal altho i have yet to try it. 

Btw, any advice or tips on the SGD  fund which I transfer over.  The reason I asked if because I discovered very recently that I could make small gains on the forex  when I accidentally convert my currency from SGD to USD over the IDEALPRO forex (which is for speculative forex trader) vs  via the FXCONV (for those who just want a simple conversion). 

So now my portfolio keep P/L of the USD.SGD pair hmmm.  Initially I dislike the thought of having to buy or sell currencies as it is too troublesome but I changed my mind now    as this give investors the flexibility to change or convert back or forth when the rate is favourable.

I only ever use SWIFT and WIRE, normally because they’re needed the same day and amounts are in the 6 digits.

Always received very quickly

BACS and SEPA are of course slower. SEPA can be quick but that depends on where the receiving account is

Yes. I submitted the document as they requested it won't get approved. Mine is the scan copy with colour. They just won't approve insisted for signed identity card

No point I pay them if their service no good right? Why pay them for them to charge me more fees (in dividend fees,  quarterly management fees,  higher commision)  if they cannot even provide me service for US, UK, Canada market at cheap price?  Is business. Does the broker give me anything in return for the money I paid them? No right? May the best broker wins. They want my money simple only. Make change. Be on par with interactive broker. They are no where at that level. Spot exchange rate, multiple market access at cheap price

Ok, so I checked Tradestation global and it says I need to fulfill these conditions:


The 2nd one does not apply to me though. So, how to open an account with them then?

And for my case, can I just assume that I am a Malaysian opening an account although I have a HKID and will stay in HK for quite some time (won't stay for long at most 4-5 years).

But I have enough HKD to convert into USD and it can be done easily here in HK.

Maybe I shall open an account in Malaysia.

Can someone share the process of opening an account at Tradestation Global in Malaysia and their experience? Thanks and much appreciated.

I've been thinking,... today, with the CRS system in-place, will countries with the Territorial Tax System soon migrate over to the Residential Tax System ? In the past, it was not possible because there was no exchange of financial infos for individuals among countries.

Oh, need to apply to open it. I thought it comes together with the IBKR account once opened. Sorry, my bad.

One question. How does IBKR know we trade with tradestation instead of IBKR itself. I am afraid of being charged 10 USD every month even though I haven't deposited any money yet. Is there a way to check that?

hyperzz forgot to ask you any idea if we used US brokerage like IB but we did not buy/hold US stocks, are we subjected to >60k US estate tax?