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All about ETFs / Foreign Brokers, Exchange traded funds
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wt_vinci
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 Jan 7 2019, 09:39 AM
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Getting Started
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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. I've done a couple of transfers from MYR->SGD (IB account) via Instarem with accounts all under my own name with no issue. I've also done a few transfer from MYR->USD (TransferWise account) via Instarem then USD->EUR (IB account) via TW also with no issue . As long all accounts under your own name, you should have no issue except for a call from Instarem to confirm your transfer purpose. Well, if I were you, I would trust no one and just do a minimum amount transfer on your own to verify the optimal route like what I did. Cheers |
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Ramjade
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Jan 7 2019, 09:47 AM
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QUOTE(wt_vinci @ Jan 7 2019, 09:39 AM) I've done a couple of transfers from MYR->SGD (IB account) via Instarem with accounts all under my own name with no issue. I've also done a few transfer from MYR->USD (TransferWise account) via Instarem then USD->EUR (IB account) via TW also with no issue . As long all accounts under your own name, you should have no issue except for a call from Instarem to confirm your transfer purpose. Well, if I were you, I would trust no one and just do a minimum amount transfer on your own to verify the optimal route like what I did. Cheers Nice. Thanks for the info. Cause I read it from IB FAQ. |
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alexkos
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Jan 7 2019, 12:33 PM
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QUOTE(wt_vinci @ Jan 7 2019, 09:39 AM) I've done a couple of transfers from MYR->SGD (IB account) via Instarem with accounts all under my own name with no issue. I've also done a few transfer from MYR->USD (TransferWise account) via Instarem then USD->EUR (IB account) via TW also with no issue . As long all accounts under your own name, you should have no issue except for a call from Instarem to confirm your transfer purpose. Well, if I were you, I would trust no one and just do a minimum amount transfer on your own to verify the optimal route like what I did. Cheers really? like that gooding lo! Terus Instrarem RM TT USD to IB, then terus on UK-listed vanguard fund. profit?  |
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alexkos
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Jan 7 2019, 08:07 PM
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Ops, I just realised interactive broker got charge monthly fee.... Wah.. Like that I belum earn already suck finish by the broker d.... Is it true?
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wt_vinci
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Jan 8 2019, 09:32 AM
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Getting Started
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QUOTE(alexkos @ Jan 7 2019, 08:07 PM) Ops, I just realised interactive broker got charge monthly fee.... Wah.. Like that I belum earn already suck finish by the broker d.... Is it true? You can try either CapTrader or ZacksTrade; they both use IB as backend. No monthly fees if you got some small sum of money in it. |
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alexkos
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Jan 8 2019, 02:09 PM
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tq bro...hehe....
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alexkos
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Jan 8 2019, 02:28 PM
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hmm, so i checked d....i want to hoot UK vanguard ETF....the cheapest is Cap Trader...with 8 GBP per order....
So, I use Instrarem TT to Cap Trader, ok?
safe to proceed?
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Krv23490
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Jan 8 2019, 02:33 PM
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QUOTE(alexkos @ Jan 8 2019, 02:28 PM) hmm, so i checked d....i want to hoot UK vanguard ETF....the cheapest is Cap Trader...with 8 GBP per order.... So, I use Instrarem TT to Cap Trader, ok? safe to proceed? Why not FSMone? I use that for hong Kong ETFs. Seems abit easier 50hkd per transaction. So far 2 vanguard ETFs and 1 BMO. |
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alexkos
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Jan 8 2019, 02:42 PM
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they say fsmone annual fee killing, is it true?
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Hansel
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Jan 8 2019, 04:14 PM
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QUOTE(Ramjade @ Jan 7 2019, 08:35 AM) 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) So easy to open overseas bank acct ???? |
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Krv23490
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Jan 8 2019, 04:24 PM
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QUOTE(alexkos @ Jan 8 2019, 02:42 PM) they say fsmone annual fee killing, is it true? Don't think got any annual fee for FSMone. Anyone please correct me if i am mistaken |
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Krv23490
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Jan 8 2019, 04:25 PM
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QUOTE(Hansel @ Jan 8 2019, 04:14 PM) So easy to open overseas bank acct ???? For CIMB Singapore yes... Can do everything online |
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Ramjade
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Jan 8 2019, 07:35 PM
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QUOTE(Hansel @ Jan 8 2019, 04:14 PM) So easy to open overseas bank acct ???? If PB, very easy to open. As someone said Cimb SG all online. Not to mentioned worth TW and soon to joint the gang, Revolut. QUOTE(Krv23490 @ Jan 8 2019, 04:24 PM) Don't think got any annual fee for FSMone. Anyone please correct me if i am mistaken Annual fees only applicable for unit trust/bonds/US stocks bought on FSMOne platform |
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Krv23490
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Jan 8 2019, 07:41 PM
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QUOTE(Ramjade @ Jan 8 2019, 07:35 PM) If PB, very easy to open. As someone said Cimb SG all online. Not to mentioned worth TW and soon to joint the gang, Revolut. Annual fees only applicable for unit trust/bonds/US stocks bought on FSMOne platform Hi bro ! Looking forward to Revolut as well, and you are the one that recommended FSMone to me. Many thanks again. I read that no annual fee for stocks though . Platform Fee is charged only on Unit Trusts, Bonds Cash /SRS holdings, CPF holdings are exempted. It is accrued daily and calculated based on the daily average market value of the total Assets Under Administration (AUA); the fee will be deducted on a quarterly basis. |
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Ramjade
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Jan 8 2019, 09:28 PM
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QUOTE(Krv23490 @ Jan 8 2019, 07:41 PM) Hi bro ! Looking forward to Revolut as well, and you are the one that recommended FSMone to me. Many thanks again. I read that no annual fee for stocks though . Platform Fee is charged only on Unit Trusts, Bonds Cash /SRS holdings, CPF holdings are exempted. It is accrued daily and calculated based on the daily average market value of the total Assets Under Administration (AUA); the fee will be deducted on a quarterly basis. FSM only good for buying SG and HK stocks. QUOTE(Krv23490 @ Jan 8 2019, 02:33 PM) Why not FSMone? I use that for hong Kong ETFs. Seems abit easier 50hkd per transaction. So far 2 vanguard ETFs and 1 BMO. IB still cheaper and provide access to all markets This post has been edited by Ramjade: Jan 8 2019, 09:32 PM |
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alexkos
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Jan 11 2019, 05:47 PM
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sry, got a stupid question to ask...
if i use Cap Trader, and want to buy SP500 index fund via London Stock Exchange (UK-listed ETF), do I need to prepare dollar or pound?
haha...tq
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TSrjb123
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Jan 11 2019, 06:28 PM
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QUOTE(alexkos @ Jan 11 2019, 05:47 PM) sry, got a stupid question to ask... if i use Cap Trader, and want to buy SP500 index fund via London Stock Exchange (UK-listed ETF), do I need to prepare dollar or pound? haha...tq Which ETF exactly are you planning to buy? Vanguard for example has more than 1 ticker for S&P 500 tracker Here's factsheet : https://global.vanguard.com/portal/site/loa...y=be&docId=2108This one is listed on LSE both in USD, and GBP. Or CHF in Switzerland, and EUR on other EU exchanges. |
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SUSMNet
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Jan 11 2019, 08:17 PM
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QUOTE(alexkos @ Jan 11 2019, 05:47 PM) sry, got a stupid question to ask... if i use Cap Trader, and want to buy SP500 index fund via London Stock Exchange (UK-listed ETF), do I need to prepare dollar or pound? haha...tq UK then u need convert to GBP to buy |
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TSrjb123
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Jan 11 2019, 08:35 PM
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QUOTE(MNet @ Jan 11 2019, 08:17 PM) UK then u need convert to GBP to buy Not necessarily - UK also has S&P 500 ETF listed in USD. |
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alexkos
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Jan 11 2019, 08:44 PM
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ic...hehe...this one... https://www.vanguard.co.uk/adviser/adv/deta...QUITY##overviewwant buy the UK-listed one...hear ppl say here kena tax withhold will less a bit.... then...if i buy SP500 thru HK-listed, the tax withhold become zero? example: https://www.vanguard.com.hk/portal/mvc/deta...=9583##overview... so which one i should go? tq =) |
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