QUOTE(ShinG3e @ Dec 22 2014, 11:12 PM)
Hi there.
I'm paying by % but there is a minimum of USD30 per transaction.
i'm more towards the buy-and-hold type. hardly speculate.
luckily i purchased mine before the oil issue and USD high time.
hence, would like to ask what are the procedures to open a direct account with a US brokerage?
min usd30.. what bank..? higher then than cimb itrade's usd25.
hope yr % is not higher than 0.4%.
anyway, if not trading much, minor effect...
QUOTE(yok70 @ Dec 22 2014, 11:47 PM)
fyi, for cimb's iTrade, every foreign account transaction will first "buy the currency", then "trade with the currency" and you may choose not to change back into RM if selling foreign shares. As for my iTrade, there are currently 3 sub-accounts to deal with HKD, USD and RM although all 3 still managed under one integrated iTRade account. So no double charged.

i m on same thing: rm-sgd-usd. i find the rates reasonable.
what i do with say, sgd dividends, i leave it in trust acc for not more than a qtr, accumulate enough to buy more when price is acceptable.
come jan 2015, sgx going board lot 100 which will make things easier.
plan is to do same for usd, no reason to think rm will strengthen bigtime for "decades"; reverse may come true, though.
this oil story... after many saying it'll go as low as usd40 some weeks ago, now i start to read some reports making the case for usd64-65 avg for 2015. well, who knows.... but we do have an interesting opportunity now... to buy or to keep watching...?
This post has been edited by AVFAN: Dec 23 2014, 12:34 AM