would you mind sharing your cost on purchasing etf via HKEX using fsmone? i did not know FSM Singapore sells Vanguard ETFs as FSM Malaysia doesn't if i'm not mistaken.

my total cost per annum when i buy Vanguard ETF VWRL ireland-domiciled is around 0.80% pa. this cost includes trading cost (purchase twice a year plus forex losses and fees MYR->Euro), tax witholding and fund expense. i am using captrader which uses IB as its backend fyi.

https://secure.fundsupermart.com/fsm/new-to...icing-structure

0.08% min 25 HKD + Stamp duty etc

Forex i transfer through instarem from here to bank account in sg.

Have you considered this path?

MYR -> EUR via Instarem -> TW

TW -> EUR to IB [no conversion, just a small fee (< €1) for withdrawal ]

thanks for sharing. the website seems to show 50 HKD min. still better than our local brokerage.

instarem doesn't support MYR to Euro at the moment else it would be perfect.

sorry typo, my brain was thinking RM 25 most probably. Not a bad deal for long term investments

I see. Haven't used Instarem before.

Actually they do support EUR. Just type into the box EUR

Saw this ETF heat map today.

Basically in the about to be more RED phase, in my biased view. Ha.

sorry, i do not really get what you mean . Ha

that was what i thought until i actually did the transaction. rejected afterwards.

the best time to buy is when everyone is selling... haha

Look at the bottom right for the color indication.

Consider these 2 extremes:

ALL GREEN = all ETF are returning at 3+%

ALL RED = all ETF are returning at -3%

What is indicated in the heat map now is ......

Haha, that one I obviously know , it is from finviz, not sure what your reply meant only . ha

Sorry for necro'ing an old post.

The most ideal currency conversions would be as follows:-

Deposit
Using merchantrade(e-remit)/max money/instarem ----(pay MYR from our bank account to remit USD)---> Transferwise borderless account ---(ACH/wire)---> IB bank account

Withdrawing
IB bank account --(ACH/Wire)--> Transferwise borderless account ----(Convert from USD to MYR and remit)---> Our Malaysian bank account




And this is much cheaper than just Foreign telegraphic transferring - mostly due to the crappy rates that our local banks give right?

Not sure if IB accept third part transfer.

I would like to confirm if I have say USD2000 inside, but not buying anything, will kena charged?

Nope, you won't be charged inactivity fee.
Captrader has answered this in their FAQ section.

Captrader FAQ



Therefore, you will be charged inactivity fee of $1/month only if you fulfill both conditions:

1) Account balance is less than $1000 AND
2) No trading activity in that particular month.

This requirement is way more lenient than the similar requirement imposed by IB.

This post has been edited by hyperzz: Dec 3 2018, 07:26 AM

Oh I see. Must fulfiled nboth criteria. I thought only one criteria for them to implement inactive fees.

i'd like to contribute my share to this awesome topic that i have successfully transferred funds from MYR to USD to Euro to IB's account in Germany via Instarem->TransferWise.

i tried transferring my USD in TW to IB's US account but failed due to TW not accepting Further Credit Payments https://transferwise.com/help/article/20768...credit-payments.

hope this helps others

cheers

This post has been edited by wt_vinci: Dec 3 2018, 09:40 AM