The US 10k can be use for investing. Keep in mind the monthly USD10 fee if you don't have asset worth USD100k with them.

IB only good if
1) you trade a lot until your commission >USD10 which means don't need to pay the fees.
2) if you have USD100k with them.

Otherwise go for broker like
1) 8 securities
2) Exante
3) OptiomXpress

Some discussions about '8 Securities' here. See link added at last line here. The last posting says it's not really 'that foc' for foreigners outside of HK.

For 'OptionsExpress', in Singapore, Charles Schwab Singapore Pte Ltd imposes this : All amounts are in US dollars. Minimum to open an Individual/Joint account: US$25,000.

Brokerage is cheap, only USD4.95 per transaction. But I can't find what the upper limit is for the transactional amount that qualifies for this cheap brokerage. MY feeling is,.....I think the only cost that matters is the TT-ing into and out of funds from out trading account inside Charles Schwab.

Edited to add this link below about '8 Securities'. Forgot to attach this link earlier !

https://apenquotes.wordpress.com/2017/10/10...e-8-securities/



This post has been edited by Hansel: Jun 3 2018, 02:33 AM

I am the one who left the comment. Obviously that's bank wire charges. To get best rate, don't keep bringing money back to Malaysia.

Get a holiday open a HK bank account and you can trade for super cheap price

u all using which TT service to transfer fund to brokerage acc?

For myself,... I will be TT'ing over USDs. There will be no currency conversion. Hence, what that I need to worry about is only the inward TT charges and outward TT charges charged by 8 Securities.

Would you happen to know offhand how much is each of the above with respect to 8 Securities ?

Great net interactions you have there,...

No I don't know. I just don't like people spewing out lies without doing proper research.

Hi guys,

I tried to TT over the counter in Maybank (convert from MYR to USD) to TD ameritrades but I was informed by Maybank personnels that we cannot TT for investment purpose...

have u all faced such problem before? or should I use CIMB, Hong leong or other banks?

Or I shouldn't put investment as the reason? But it's obvious right when it is TD ameritrade ...

Tolong guys...

Thank you.

This is news to me, bro,.... ,... you need to declare that you have no debts in Msia before you can TT a certain sum out,.. that was the rule, I recall,.... BUT not outright telling you that you CAN'T TT OUT for investment purpose...

Let's see others' experience here too,...

Why not u use instarem to transfer? more cheaper

wow,sth new...have not heard about this.
thanks will find out!

But actually Maybank personnel said I can try to TT using online maybank2u and the fee is way cheaper..
however I'm not sure, if I put investment could I go through...

cannot be cheaper that instarem as when the money reach US bank will deduct USD 25 as fee

Normal what. Heard don't know how many rumours that maybank don't allow transactions to known "Forex brokers"

Not new news. This is old news already. This is Malaysia policy on no forex.

Wrong. Cheapest is using those service. Moneymatch, instarem, max money are all good choice. Only question is does the receiving end accept deposit from 3rd user.

Agreed.

Then what am I suppose to do

I will check with Instarem whether they have any experiences to TT money to overseas brokerage or not then.

Bro - TDAmeritrade SG does NOT accept third party fund transfer.
I've checked with TDASG & MoneyMatch.

FYI - since end 2016 i've not pumped in $.
I was using CIMBClicks & Maybank2U - both online, too lazy to go physically to counter
Thus, nowadays dunno have issue or not online

Bro Wong, last time u used CIMBclicks and maybank2U, which reason you put for your transaction ya?
Guess that's the only way for me then...

Investment lor
really mar - for stocks and stock options.
i dont do forex trading

Haha ok let me try!

What about using the Transferwise Borderless account? Maybe can deposit there first and onward to IB if there’s issues with local TTs

I haven’t done any deposits to IB or TD for a while from Malaysia

Does https://transferwise.com/gb/borderless/ account able to be opened by malaysian?

Try UOB. UOB have the cheapest exchange rate in all of Malaysia. But not sure if they will be flexible for you or not.