Moneymatch didn't allow my transaction to go through to TW account due to reasons which they did not disclose to me (ignored my questions) last time. Screw their compliance team for not being transparent and clear.

Instarem basically just sends someone to your location to check your IC details in person. Not really an interview. It's more like to fulfill the regulation requirements. Haha.

Regarding the withdrawal from IB, I haven't done it myself yet. Anyone can share their knowledge?

Thanks

This post has been edited by wt_vinci: Jan 19 2019, 09:58 AM

Captrader won't suck your money. Your local bank will.

Normal. Thet don't even allow people to transfer to their own account. That's why nowadays seldom use them.

I just checked TW and it looks like it is possible to send money back to your own Malaysian bank account directly. The cost is about 0.84% for EUR to MYR. Should be similar with other currencies. Just get IB to transfer to TW's account.

then how? captrader no charge me, then how i repatriate my fund next time? confirm eat kau kau by my local bank?

any method to transfer money back with minimum forex loss?

Use la like TW to hold your currencies. Then use TW to transfer money back to Malaysia.

I suggest test with say USD 1000 first.

For withdrawal from IB into TW borderless account, only the EUR option is possible through SEPA transfer, as in the case of making a deposit.

Recently TW added a prefix to its customers' USD account. Incoming ACH not matching the new account name will be rejected.

For withdrawal in GBP, IB only offers SWIFT transfer which requires an IBAN. TW does not give IBAN for GBP account.

ic...do u mean...

RM -> instarem -> TW borderless account -> Captrader (purchase)

Captrader -> TW borderless account -> MAS bank

win?

RM - > Instarem - > Captrader/IB.
Captrader/IB - > TW - > Malaysia bank account.


The other alternative is
RM - > instarem - > DBS multiplier account in SG - > IB/Captrader
Captrader/IB - > convert to SGD via Captrader/IB own platform exchange - > DBS multiplier - > MY bank account.

Test water with USD1k and see. If cannot jadi, you just burn the USD1k only.

This post has been edited by Ramjade: Jan 19 2019, 09:48 PM

owh..i want hoot RM2k EUR d....itu instarem keep insist me go KL, walao....u think everyone so free go KL just to open an account?

itu moneywatch i calculate d....will eat me 1% total cost.....pain leh....

i think i just think one-way traffic first to captrader....

anyone successfully repatriate fund from captrader via TW? if repatraite straight to malaysian bank, really will eat alot by the bank?

Where are you based in? Ask their customer service wherether they service your state or not. No need KL. Klang Valley. You can ask them come to you. Meet at KL sentral or TBS also can. You don't need to meet them. They come to you.

For me I am in Pahang. No access to to instarem. Make appointment, got 3 days leave faster go meet them (set up date, time and place to meet beforehand so just go to KL and meet them at KL sentral.) If you don't make the time for it, you will never have access to cheap rates and continue paying free money to banks.

If you transfer from TW to local bank account won't eat up so much as TW is using local Malaysian bank account to pay you.
If you direct transfer from Captrader/IB to Malaysian bank account, then yes, bank eats up big chunk of money.

Bus station also can meet? Haha....ok I try....

Perak oh... They say no travel here... Sian dao.... Want do business but customer must travel.... Hello this is 2019

Tq... Will try and see how much tw eat... U very helpful hehe

Of course can. My friend did it. But I met at Kl Sentral.

Easier for you if perak. Take commuter to KL Sentral only.

PM me if you want instarem code.

Pm referral code lai

move 2k EUR
with moneymatch = need RM9,452
with instarem = need RM9,392

walao....the cost of being lazy and not going to KL....RM60 burn

I think yr time and cost more than rm60?

Even if move RM100k, cost savings of RM600 is not life changing la. Can get.. good.. cannot get also nvm..

Agree... Haha... No choice... Everyone need to eat...

If you are investing over long term, RM60 adds up. If one time, then can close eye.
Sometimes, such money need to be spend to get more savings down the road.

It is precisely because of investing for the long term that this RM60 can be considered a once off cost and thus negligible. This RM60 is a once off cost for every RM10k invested.