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Sumofwhich
post Feb 14 2019, 05:38 PM

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QUOTE(Ramjade @ Feb 14 2019, 12:02 AM)
Here's your answer.
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Through you you mean?
Sumofwhich
post Mar 24 2019, 04:50 PM

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QUOTE(chickenessence @ Mar 24 2019, 04:17 PM)
Has anyone done or come across with comprehensive comparison between Etoro and other more established international brokers like Captrader, Ameritrade or Interactive Brokers.
Comparison like user friendliness, fee, commission, charges, maintenance charges, annual fee, requirement to trade like once a month, CS support, other pros and cons?

Generally i understand Etoro spread or charges is on the high side. But for retail investor with not much Capital, it might be one of the best option.
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Ameritrade TOS has high commission as well, like $10.50 commission each for opening and closing position for stocks
Sumofwhich
post May 1 2019, 09:29 PM

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QUOTE(hyperzz @ May 1 2019, 07:16 PM)
As mentioned in post #1130, it's no longer possible to withdraw IB -> TW in USD.
You should have received an email from TW regarding the USD account name change:
[attachmentid=10237193]
I do have a real US bank account for USD withdrawal via ACH. The processing time is T + 1. This info was omitted in post #1107 as it is irrelevant to most people here.
If you have a US visa and would travel to the big cities in the US, you can easily open bank account with the major banks there as a non-resident.
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Mind sharing which bank and what is the reason for opening an account when they ask? What is the minimum deposit amount for a no-annual-fee bank account in the US? Thanks
Sumofwhich
post May 2 2019, 10:20 PM

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QUOTE(Ramjade @ May 1 2019, 10:58 PM)
You do realise that you need to go to US to open an account?  This is because US law requires a person to be there in person to open an account.
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Yup business trip soon

QUOTE(hyperzz @ May 2 2019, 01:25 AM)
These banks are more open towards non-residents: Bank of America, Well Fargo, Chase Bank, TD Bank, Capital One, Citibank, etc.
I was not asked the reason I need the account. Maybe I was lucky.
Minimum deposit for a checking account is usually $1K - $2K. You can check the website of those banks.

I used this blog post as my guide when I opened my account somewhere near New York: how-to-open-a-us-bank-account-as-a-tourist
Scroll through the comments until the end to follow more recent development. Bank policy might change over time.
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Thanks, I'll look through

Sumofwhich
post Aug 10 2019, 06:38 PM

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QUOTE(Ramjade @ Aug 10 2019, 06:12 PM)
Not worth it. If you have access to IB/SCB SG, can DIY. That's one of the main reason until today I am not opening a robo account. Stashaway uses US based ETF. DIY can go with Ireland base. Save 15% dividend tax from Unker Sam.
Follow instructions on first page go or with bogle head 3 funds.

Long term wise IB cheaper than > SCB SG.
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Regarding boglehead 3-funds, are you investing in these 3 or other equivalent ETFs?
Vanguard Total Stock Market Index Fund (VTSAX)
Vanguard Total International Stock Index Fund (VTIAX)
Vanguard Total Bond Market Fund (VBTLX)
Sumofwhich
post Aug 10 2019, 08:41 PM

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QUOTE(Ramjade @ Aug 10 2019, 07:12 PM)
I don't do ETF. The idea behind ETF is you need to sell to get your money back. I prefer not to sell. Hence I choose to be buy-hold-dividend growth investing.

For me if I go with ETF investing,
1 S&P500 index/dividend aristocrat index
2 Asia Pacific index
3 Global bond index/amanah saham
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Thanks
Sumofwhich
post Nov 23 2019, 05:47 PM

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QUOTE(moosset @ Nov 23 2019, 01:55 PM)
That's what I did; but yesterday when they asked for an update, I ticked the box "Malaysia doesn't issue TIN".

Not sure got problems or not.
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Should use income tax no.
Sumofwhich
post Jan 26 2020, 03:27 PM

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QUOTE(Ramjade @ Jan 20 2020, 09:34 AM)
Interacrive broker if you have the moo...
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Any idea which brokers don't charge commissions towards non-US citizens? Thinkorswim still charges for Malaysians and Singaporeans I believe.
Sumofwhich
post Jan 26 2020, 11:56 PM

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QUOTE(MNet @ Jan 26 2020, 03:49 PM)
u can try firsttrade
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Thanks alot MNet, I'll look into it.
Do you personally use it? If yes, how's the experience?
Sumofwhich
post Jan 27 2020, 04:27 PM

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QUOTE(Ramjade @ Jan 27 2020, 08:37 AM)
Interactive broker. No platform fee. No dividend fees. Wide market. Basically all US, UK, CANADA, EU, JAPAN, HK, SG, AU market.

If you have no money for interactive broker (min USD100k or generate trading commission of USD10/month) use whitelabels of interactive broker  like tradestation global, Captrader, zacktrade.
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Thanks Ramjade. Any options/futures for the whitelabels you mentioned above?
Sumofwhich
post Mar 1 2020, 03:04 PM

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QUOTE(Kudo2012 @ Mar 1 2020, 02:47 PM)
May I know anyone declared "Has financial account(s) at financial institution(s)outside Malaysia?" (i found this during submission of income tax)
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why would you wanna declare that? They gonna audit you every year after that
Sumofwhich
post Mar 3 2020, 11:29 PM

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QUOTE(Ramjade @ Mar 2 2020, 07:52 AM)
Just declare. They already know you got account overseas.
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thanks, how will they find out?
Is it when opening bank account that they will verify with Msian gov?
Sumofwhich
post Apr 14 2020, 06:01 PM

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TDAmeritrade SG is shit, can't transfer via Instarem or even ACH from US Banks, can only accept wire transfers with bad exchg rates and wire fees from Msian banks.

I wonder if Transferwise works, it needs to be funded from an account where you're the owner of the account you initiate the transfer from

This post has been edited by Sumofwhich: Apr 14 2020, 06:03 PM
Sumofwhich
post Apr 14 2020, 06:21 PM

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QUOTE(apathen @ Apr 14 2020, 06:12 PM)
now tdameritrade sg support is shit true to that, used to be better, not sure because they were bought over by charles schwab then don't bother about services just wait for take over and walk away. Their US support counterpart is way much better. True that even ach transfer from US banks also TD not accept i wonder why? interactive broker ok with ach. And also their sg deposit only accept from dbs online but not other sg banks wtf. their funding method need much improvement.
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Boycotting them.
Even etrade offers commission free trades and can transfer via instarem. Gonna switch over soon after selling and withdrawing from Thinkorswim SG
Sumofwhich
post May 2 2020, 08:54 PM

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QUOTE(simplylegendary @ May 2 2020, 08:52 PM)
Hi, this question probably have been asked to death, but here goes. I always bought four US-domiciled ETFs through Dollar Cost Averaging. They are VOO, VTI, IWF and VNQ. Lately I just realized that my dividends are withheld 30%. I have questions below

1) Is there any offshore/overseas equivalent ETFs that I should buy over their US equivalent
2) It's the dividend that they withhold but not the capital gain right?

I buy them through Singapore's brokerage iOCBC, if that's any help, since I work and live there nowadays even though not PR and not Sg citizen.
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I can only answer #2, yes 30% is only the dividend withheld, same goes for US stocks

 

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