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All about ETFs / Foreign Brokers, Exchange traded funds
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SUSMNet
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Dec 13 2018, 09:53 PM
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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?
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wt_vinci
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Dec 14 2018, 09:43 AM
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Getting Started

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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.
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wt_vinci
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Dec 14 2018, 09:44 AM
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Getting Started

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

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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.
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hyperzz
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Dec 14 2018, 04:00 PM
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Getting Started

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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.
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SUSMNet
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Dec 15 2018, 10:18 AM
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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?
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SUSMNet
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Dec 15 2018, 10:35 AM
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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
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TSrjb123
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Dec 15 2018, 02:17 PM
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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!
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wt_vinci
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Dec 16 2018, 12:55 PM
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Getting Started

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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.jpgFPX. I was told to use FPX by Instarem.
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D_V_N
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Dec 28 2018, 05:07 AM
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New Member
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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?
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wt_vinci
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Dec 28 2018, 12:14 PM
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Getting Started

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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.
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alexkos
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Dec 31 2018, 02:16 PM
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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?
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wt_vinci
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Jan 1 2019, 12:57 PM
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Getting Started

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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.  Cheers
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alexkos
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Jan 4 2019, 12:38 PM
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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.  Cheers tq boss. u helpful
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alexkos
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Jan 5 2019, 08:44 PM
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Need help... I want buy UK listed etf... So whats the cheapest path?
Myr - > gbp terus? Which broker to use?
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TSrjb123
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Jan 5 2019, 09:14 PM
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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.
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alexkos
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Jan 6 2019, 10:05 AM
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Tq boss... I use instarem... Safe to proceed?
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Ramjade
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Jan 6 2019, 05:07 PM
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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.
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alexkos
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Jan 6 2019, 07:36 PM
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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....
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Ramjade
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Jan 7 2019, 08:35 AM
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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)
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