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> All about ETFs / Foreign Brokers, Exchange traded funds

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alexkos
post Jan 12 2019, 10:41 AM

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thank you friend for recommending me captrader

i think it's the best in terms of fee? second to IB (coz my piggybank still very cute)

https://www.captrader.com/en/account/refer-a-client/

come, take your reward. Pm me
wt_vinci
post Jan 13 2019, 09:30 AM

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QUOTE(alexkos @ Jan 11 2019, 08:44 PM)
ic...hehe...this one...

https://www.vanguard.co.uk/adviser/adv/deta...QUITY##overview

want 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 =)
*
If you're worried about witholding tax (WTH), go for Ireland-domiciled ETF which you can buy from LSE (London Stock Exchange). Though I think the CapTrader fee for LSE is quite high, consider Euro based SE like Amsterdam.

See here for details:
https://www.bogleheads.org/wiki/Nonresident..._%26_Irish_ETFs

My case, I bought Vanguard FTSE All-World UCITS ETF (VWRL) via Amsterdam (EUR). You may incur slightly higher transactions fee compared to buying US-domiciled ETF directly due to the currency hopping like me (MYR-SGD-EUR) but you save from lower WTH in the long term as your portfolio gets bigger.


Cheers
alexkos
post Jan 13 2019, 12:34 PM

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ic....

if i go RM---> EUR ---> bank in to CapTrader --> navigate to Amsterdam --> SP500 (EUR) can?

need to find accumulating type...

charge is EUR4 minimum...

....

but....netherland (amsterdam) got withholding tax?
TSrjb123
post Jan 13 2019, 03:47 PM

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QUOTE(alexkos @ Jan 13 2019, 12:34 PM)
ic....

if i go RM---> EUR ---> bank in to CapTrader --> navigate to Amsterdam --> SP500 (EUR) can?

need to find accumulating type...

charge is EUR4 minimum...

....

but....netherland (amsterdam) got withholding tax?
*
The exchange you buy on (eg. Amsterdam) doesn’t affect the WT, the domicile of the ETF is the important one.

There isn’t any accumulation S&P 500 ETFs, they’re all distribution.
TSrjb123
post Jan 13 2019, 03:53 PM

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QUOTE(rjb123 @ Jan 13 2019, 03:47 PM)
The exchange you buy on (eg. Amsterdam) doesn’t affect the WT, the domicile of the ETF is the important one.

There isn’t any accumulation S&P 500 ETFs, they’re all distribution.
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Actually I might be wrong - from a quick google it appears CSPX for. iShares is accumulating rather than distributing.. you can check that one out.
alexkos
post Jan 13 2019, 07:06 PM

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ic....sad degiro macam don't like malaysian...keep insisting on IBAN....anyone succeed here?

if not, i'll go for captrader d....

amsterdam commission is 4 EUR minimum.....

Ramjade
post Jan 13 2019, 09:19 PM

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QUOTE(alexkos @ Jan 13 2019, 07:06 PM)
ic....sad degiro macam don't like malaysian...keep insisting on IBAN....anyone succeed here?

if not, i'll go for captrader d....

amsterdam commission is 4 EUR minimum.....
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Degiro is OK if the money come from bank account in your name. Not transferwise, Instarem or revolut.
Aka must be a real bank account. Not a fintech bank account.
aspartame
post Jan 13 2019, 10:27 PM

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QUOTE(Ramjade @ Jan 13 2019, 09:19 PM)
Degiro is OK if the money come from bank account in your name. Not transferwise,  Instarem or revolut.
Aka must be a real bank account. Not a fintech bank account.
*
That is why it is also risky to use fintech right? I mean, is it possible years later can get into problem with AMLA? Not sure about the mechanics of it...
alexkos
post Jan 13 2019, 10:37 PM

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QUOTE(Ramjade @ Jan 13 2019, 09:19 PM)
Degiro is OK if the money come from bank account in your name. Not transferwise,  Instarem or revolut.
Aka must be a real bank account. Not a fintech bank account.
*
i check all international bank account with UK EU...semua need monthly fee la, minimum deposit la (25k GBP!), liao....

I think Instrarem CapTrader still terbest...~
Ramjade
post Jan 13 2019, 10:54 PM

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QUOTE(aspartame @ Jan 13 2019, 10:27 PM)
That is why it is also risky to use fintech right? I mean, is it possible years later can get into problem with AMLA? Not sure about the mechanics of it...
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Fintech is perfectly fine to use. I have use it numerous time. If you can show proof where your money come from, no one is going to bother you.

I use fintech because I don't have access to PB. It sorts of help to level the playing field for ordinary folks. Use to be only the rich can afford cheaper rates but now with fintech, we don't need to be at the bank's mercy. They don't want to give us PB rates it's perfectly fine as fintech can give us the rate.

QUOTE(alexkos @ Jan 13 2019, 10:37 PM)
i check all international bank account with UK EU...semua need monthly fee la, minimum deposit la (25k GBP!), liao....

I think Instrarem CapTrader still terbest...~
*
I don't think all need min fees. I found out some bank account don't need to pay fees. The 2 questions are
1) how you going to open it as a Malaysian without any priority banking?
2) can you open it from here without flying to UK?

rjb123, hyperzz know of any white label IB based in UK instead of Germany?

This post has been edited by Ramjade: Jan 13 2019, 10:56 PM
TSrjb123
post Jan 13 2019, 11:05 PM

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QUOTE(Ramjade @ Jan 13 2019, 10:54 PM)
Fintech is perfectly fine to use. I have use it numerous time. If you can show proof where your money come from,  no one is going to bother you.

I use fintech because I don't have access to PB. It sorts of help to level the playing field for ordinary folks. Use to be only the rich can afford cheaper rates but now with fintech,  we don't need to be at the bank's mercy. They don't want to give us PB rates it's perfectly fine as fintech can give us the rate.
I don't think all need min fees. I found out some bank account don't need to pay fees. The 2 questions are
1) how you going to open it as a Malaysian without any priority banking?
2) can you open it from here without flying to UK?

rjb123, hyperzz know of any white label IB based in UK instead of Germany?
*
Not sure about any white label IB based in UK.

I’ve opened overseas account so by just sending documents by post. But I do hold an EU (Not UK) passport

There’s Barclays, Lloyds, Natwest etc. They all have offshore divisions.

IB accepts deposits from pretty much any country .. TD Ameritrade for example wouldn’t accept deposits from Isle of Man accounts.

If you want to open a EUR account that can be done with a Malaysian bank too. Then there’s other options in the SEPA region (Germany, Liechtenstein, Netherlands)

hyperzz
post Jan 14 2019, 01:52 AM

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Ramjade, I am not aware of any IB white labels based in the UK. Why would you want it based in the UK?

Whether you open the account directly with IB or through its white labels, almost everything you get, besides the fee and some requirements/conditions, is the same.
alexkos
post Jan 14 2019, 04:06 PM

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which EU/UK bank no need monthly fee, min deposit requirement? can share share?
hyperzz
post Jan 14 2019, 05:19 PM

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QUOTE(alexkos @ Jan 14 2019, 04:06 PM)
which EU/UK bank no need monthly fee, min deposit requirement?  can share share?
*
Paysera can be an option.

PROs:
1) Account can be opened remotely. Malaysians accepted.
2) No monthly maintenance fee.
3) Free SEPA transfer.


CONs:
1) Still an e-Money account, not a real bank account. Therefore no standard EU deposit insurance. However, Paysera has been established for some years and is building on its reputation. I do not suggest you to keep a lot of money with Paysera. Can be a temporary solution.
2) No debit card for non-EU residents.
3) This IBAN can only receive SEPA transfers, no SWIFT transfers.


In a way, the paysera IBAN is more 'real' than TW's IBAN.
When sending or receiving SEPA transfers, you will see the same IBAN.
TW uses a different IBAN from your borderless acount when executing your SEPA transfer but your name appears as the account owner/sender.

Please don't use Paysera for any crypto related transactions or risk the account being frozen.

alexkos
post Jan 15 2019, 02:27 PM

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ic...cannot d...i ask degiro, he said must be UK/EU resident only will entertain...so i got iban also no use
Ramjade
post Jan 15 2019, 09:24 PM

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QUOTE(hyperzz @ Jan 14 2019, 01:52 AM)
[email=Ramjade]Ramjade[/email], I am not aware of any IB white labels based in the UK. Why would you want it based in the UK?

Whether you open the account directly with IB or through its white labels, almost everything you get, besides the fee and some requirements/conditions, is the same.
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Simple. UK is relatively tax free vs Germany. Don't know how inheritance tax and stuff will work in Germany or US as a foreigner.

This post has been edited by Ramjade: Jan 15 2019, 09:25 PM
alexkos
post Jan 18 2019, 01:15 PM

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Apu... Instarem need interview and must be conducted in KL only? Like that how to attract customer?
Krv23490
post Jan 18 2019, 02:01 PM

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QUOTE(alexkos @ Jan 18 2019, 01:15 PM)
Apu... Instarem need interview and must be conducted in KL only? Like that how to attract customer?
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I signed up with them and they sent representative to my house for KYC
Ramjade
post Jan 18 2019, 03:45 PM

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QUOTE(alexkos @ Jan 18 2019, 01:15 PM)
Apu... Instarem need interview and must be conducted in KL only? Like that how to attract customer?
*
Correction. Klang Valley. Not sure if they serve penang and Johor.

If you don't want that, can always go for moneymatch. All online.
alexkos
post Jan 18 2019, 09:27 PM

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oh ya...for captrader...if i pump in money d....then if i want withdraw, how? can go straight to my malaysia bank? How much forex charge they eat normally?

This post has been edited by alexkos: Jan 18 2019, 09:27 PM

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