Welcome Guest ( Log In | Register )

114 Pages « < 41 42 43 44 45 > » Bottom

Outline · [ Standard ] · Linear+

 All about ETFs / Foreign Brokers, Exchange traded funds

views
     
SUSMNet
post Dec 13 2018, 09:53 PM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(hyperzz @ Dec 12 2018, 08:29 PM)
TW sent ACH wire from Wells Fargo bank, according to their CS.
Tried a few times to deposit USD into IB's account with Citibank but unfortunately all transfers bounced back. Seems like this way is not workable.
*
How much they charge for bounced back?
wt_vinci
post Dec 14 2018, 09:43 AM

Getting Started
**
Junior Member
150 posts

Joined: Nov 2005


QUOTE(hyperzz @ Dec 13 2018, 11:41 AM)
Thanks but I don't really need this, already have bank accounts oversea. Just sharing experience, hopefully it will be beneficial.

Does Instarem send SGD in the name of its customers? If not, the transfer will bounce back. I can see that ACH wires sent by TW are in the name of its customers but still not acceptable to IB.
*
I believe so but not sure though mine went through without fail a few times.

TW doesn't support the ACH transfer that IB's account in US required: for further credit.
wt_vinci
post Dec 14 2018, 09:44 AM

Getting Started
**
Junior Member
150 posts

Joined: Nov 2005


QUOTE(MNet @ Dec 13 2018, 09:53 PM)
How much they charge for bounced back?
*
No charge to me when mine got bounced.
hyperzz
post Dec 14 2018, 03:28 PM

Getting Started
**
Junior Member
215 posts

Joined: Jan 2017


QUOTE(wt_vinci @ Dec 14 2018, 09:43 AM)
I believe so but not sure though mine went through without fail a few times.

TW doesn't support the ACH transfer that IB's account in US required: for further credit.
*
You can still put a reference in the transfer if you do it through TW's app instead of its website. The IB USD account for deposit is a virtual account unique to every customer. Even without the "further credit info", IB can still know whom the fund is meant for. But in this case, IB is not accepting the source of the funding as coming from a customer directly.
hyperzz
post Dec 14 2018, 04:00 PM

Getting Started
**
Junior Member
215 posts

Joined: Jan 2017


QUOTE(MNet @ Dec 13 2018, 09:53 PM)
How much they charge for bounced back?
*
There's no charges, even the $1 withdrawal fee is refunded.
SUSMNet
post Dec 15 2018, 10:18 AM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(wt_vinci @ Dec 13 2018, 10:22 AM)
I found another way which might help you.

Instarem MYR->SGD transfer to IB's account in SG.

Convert SGD-> Euro in IB. DONE

Cheers
*
How about if my IB account is in US based?
SUSMNet
post Dec 15 2018, 10:35 AM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



QUOTE(wt_vinci @ Nov 22 2018, 10:02 AM)
TW charges 0.63% if i convert my usd to euro then transfer to IB. converting at usb to euro at IB is cheaper and fixed cost. correct me if i'm wrong.

my deposits path is as follows:

MYR -> USD via Instarem -> TW

TW -> USD to IB -> IB converts USD to Euro
this is the most cost optimised path that i can figure out. please correct me if i'm wrong.
*
I trying out this method.
From Instarem to TW, which option should i choose? FPX or Bank Transfer?

https://i.imgur.com/Kd55c4z.jpg
TSrjb123
post Dec 15 2018, 02:17 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(MNet @ Dec 15 2018, 10:18 AM)
How about if my IB account is in US based?
*
Doesn’t matter. You can still deposit in different currencies/countries!
wt_vinci
post Dec 16 2018, 12:55 PM

Getting Started
**
Junior Member
150 posts

Joined: Nov 2005


QUOTE(MNet @ Dec 15 2018, 10:35 AM)
I trying out this method.
From Instarem to TW, which option should i choose? FPX or Bank Transfer?

https://i.imgur.com/Kd55c4z.jpg
*
FPX. I was told to use FPX by Instarem.
D_V_N
post Dec 28 2018, 05:07 AM

New Member
*
Junior Member
11 posts

Joined: Apr 2010
QUOTE(wt_vinci @ Dec 13 2018, 10:24 AM)
CapTrader/ZackTrades doesn't charge you inactive charges if you have at least EUR 2k or USD 2k respectively if I'm not mistaken, go check their websites. They're both using IB as their backend.

Cheers
*
Since Captrader is using IB as backend, are we also facing funding issues from Malaysian bank TT to broker account?
wt_vinci
post Dec 28 2018, 12:14 PM

Getting Started
**
Junior Member
150 posts

Joined: Nov 2005


QUOTE(D_V_N @ Dec 28 2018, 05:07 AM)
Since Captrader is using IB as backend, are we also facing funding issues from Malaysian bank TT to broker account?
*
Not sure what issues are you referring to but others including me have funded our IB account it via cheaper method compared to our Malaysian banks' TT. You can look for the method in this thread.

Cheers.
alexkos
post Dec 31 2018, 02:16 PM

Look at all my stars!!
*******
Senior Member
2,275 posts

Joined: Jun 2010
QUOTE(wt_vinci @ Dec 13 2018, 10:22 AM)
I found another way which might help you.

Instarem MYR->SGD transfer to IB's account in SG.

Convert SGD-> Euro in IB. DONE

Cheers
*
i want try MYR -> SGD -> US since i want to buy vanguard fund...

like that....i total lost how much? need convert 2 times, and belum calculate fund charge somemore....

still worth?
wt_vinci
post Jan 1 2019, 12:57 PM

Getting Started
**
Junior Member
150 posts

Joined: Nov 2005


QUOTE(alexkos @ Dec 31 2018, 02:16 PM)
i want try MYR -> SGD -> US since i want to buy vanguard fund...

like that....i total lost how much? need convert 2 times, and belum calculate fund charge somemore....

still worth?
*
You might as well do MYR->USD via Instarem to your TransferWise USD account then transfer to IB's US bank account. Less one conversion.

For how much you stand to lose, that's for you to calculate on your own. Feel free to share with us here. wink.gif

Cheers
alexkos
post Jan 4 2019, 12:38 PM

Look at all my stars!!
*******
Senior Member
2,275 posts

Joined: Jun 2010
QUOTE(wt_vinci @ Jan 1 2019, 12:57 PM)
You might as well do MYR->USD via Instarem to your TransferWise USD account then transfer to IB's US bank account. Less one conversion.

For how much you stand to lose, that's for you to calculate on your own. Feel free to share with us here.  wink.gif

Cheers
*
tq boss. u helpful
alexkos
post Jan 5 2019, 08:44 PM

Look at all my stars!!
*******
Senior Member
2,275 posts

Joined: Jun 2010
Need help... I want buy UK listed etf... So whats the cheapest path?

Myr - > gbp terus? Which broker to use?
TSrjb123
post Jan 5 2019, 09:14 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur


QUOTE(alexkos @ Jan 5 2019, 08:44 PM)
Need help... I want buy UK listed etf... So whats the cheapest path?

Myr - > gbp terus? Which broker to use?
*
UK listed ETFs exist in USD and EUR too. Others here have shared cheapest way to deposit to IB .. once funds are in IB , currency exchange won’t really cost you anything.
alexkos
post Jan 6 2019, 10:05 AM

Look at all my stars!!
*******
Senior Member
2,275 posts

Joined: Jun 2010
Tq boss... I use instarem... Safe to proceed?
Ramjade
post Jan 6 2019, 05:07 PM

20k VIP Club
*********
All Stars
24,344 posts

Joined: Feb 2011


QUOTE(alexkos @ Jan 6 2019, 10:05 AM)
Tq boss... I use instarem... Safe to proceed?
*
I don't think IB accept transfer from third party. O lying accept transfer from account in your own name. Something about AML.
alexkos
post Jan 6 2019, 07:36 PM

Look at all my stars!!
*******
Senior Member
2,275 posts

Joined: Jun 2010
QUOTE(Ramjade @ Jan 6 2019, 05:07 PM)
I don't think IB accept transfer from third party. O lying accept transfer from account in your own name. Something about AML.
*
Hmm.. So how? Bank in via my local public bank account? Like that TT charge expensive oh....
Ramjade
post Jan 7 2019, 08:35 AM

20k VIP Club
*********
All Stars
24,344 posts

Joined: Feb 2011


QUOTE(alexkos @ Jan 6 2019, 07:36 PM)
Hmm.. So how? Bank in via my local public bank account? Like that TT charge expensive oh....
*
Open overseas bank, use instarem and pay into overseas bank account.
Pay IB using overseas bank account in that country local currency.
Use IB own exchange to exchange to the currency you want since their currency exchange rate is way better than any fintech (cheaper)

114 Pages « < 41 42 43 44 45 > » Top
 

Change to:
| Lo-Fi Version
0.0205sec    0.66    6 queries    GZIP Disabled
Time is now: 5th December 2025 - 09:02 PM