Hi, I'd like to say thanks for making this guide first, I'm still reading through it, just wanted to confirm a few things if that's okay.

1. IB's inactivity fee is only charged for those under 100k or total commissions during the month under $10, if my commissions are over $10 then I'd be fine regardless?
btw, IB has eliminated the 10k requirement ( https://www.investopedia.com/news/interacti...ccount-minimum/ )

2. Can one hold onto an Irish domiciled ETF while trading short-term on a US-Domiciled ETF? What are the main differences between them except for the WT %?

3. If I have an SG bank account, is it overall cheaper to deposit into my IB account via it? My income etc are RM.

4. IB allows one free withdrawal per month, does this mean if I don't go withdraw more than once per month, it's basically free to withdraw? When it comes to withdrawing. can you convert your funds into SGD and then to a SG bank account, or it's better to just put it directly into an MYR account.

5. TDAM Asia's website is apparently not secured on my end, are they any good or should I just stick to IB? Seems like they don't have commission free ETFs too.

Edit: 6. Does Malaysia have a tax identification number? Should I just leave it as a No while opening an account for IB?


Thanks again for this informative post.

This post has been edited by Ladszy: Aug 26 2018, 04:42 PM

Thanks fellas. I'm a bit curious, why do we need to submit our local tax information to them?

Also, are SPY500 & VOO good options? Both tracks the S&P 500, or should I buy other ETFs and have one which tracks the S&P 500?

How did it go with the bank? Curious to know whether you can argue your way through.

Bought in high, luckily I only bought a few, hopefully it'll smooth up in the next few weeks.