All about ETFs / Foreign Brokers, Exchange traded funds
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 Mar 23 2016, 10:37 PM
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#1
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Junior Member
531 posts Joined: Mar 2012  
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Hi guys,
I am planning to open up a foreign share trading account (e.g, CIMB Itrade), purchase some ETFs in HK (e.g, S&P500 ETF Vanguard). What fees will I be looking at per transaction? |
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Mar 24 2016, 06:04 AM
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#2
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Junior Member
531 posts Joined: Mar 2012
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QUOTE(rjb123 @ Mar 24 2016, 12:18 AM) How much are you looking to be trading with ? International brokers like Interactive Brokers have far more attractive fees compared to local share trading accounts. 😌 around 5,000 USD. I checked that interactive brokers requires a 10k USD starting deposit.  My follow-up question will be: what international broker would you recommend? And what are the basic steps to follow? (Really newbie here) |
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Nov 29 2018, 04:59 PM
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#3
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Junior Member
531 posts Joined: Mar 2012
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QUOTE(Ramjade @ Sep 8 2018, 05:46 AM) Don't tell me you didn't know TW got no license to transfer money from malaysia. Sorry for necro'ing an old post.  They can only transfer money to Malaysia. Use instarem, merchant trade, max money to transfer money to TW > IB. Don't transfer straight as if you transfer straight, money not under your name. The most ideal currency conversions would be as follows:- Deposit Using merchantrade(e-remit)/max money/instarem ----(pay MYR from our bank account to remit USD)---> Transferwise borderless account ---(ACH/wire)---> IB bank account Withdrawing IB bank account --(ACH/Wire)--> Transferwise borderless account ----(Convert from USD to MYR and remit)---> Our Malaysian bank account And this is much cheaper than just Foreign telegraphic transferring - mostly due to the crappy rates that our local banks give right? |
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