Let see how market react to it, i think i would just keep holdings

Hi there, thank you so much for this topic.

I'm ready to start an account with TradeStation Global. I read the FAQ on the first page, do I need to actually keep GBP2k float inside the TradeStation or 2k total invested?

I also saw in their website to open the account, we have to start with USD1k to start.

So if I use Instrarem to transfer USD1k, does that mean that I can only buy EFTs which are traded in USD? Or after I open the TradeStation, I can just transfer GBP1k and that would be acceptable as well?

You can use the USD to buy stock. Just make sure the value don't drop below USD1k.

Instarem cannot be use to transfer USD

Hi guys, I'm new to this sub and interested in investing in an S&P500 related ETF. After reading the intro post, I understand that Instarem is the preferable means to deposit funds into the trading platform. As for the trading platform, what are some other options available to us? Aside from Tradestation Global and CapTrader? I recall reading that Interactive Brokers is pricey?

Also, I'm trying to understand which particular ETF counter is preferable? What is the difference between SXR8 and CSP1? We want something that is not domimciled in the US to save on the 30% tax right?

Thank you so much for the content and the help.

This post has been edited by pleasuresaurus: Dec 20 2020, 06:46 PM

They used to be 1k USD minimum @ TradeStation Global, as of 1st Dec they just changed that to minimum $2.5k USD holding (cash/stock portfolio) in TradeStation Global.

You can use InstaRem to transfer into IBKR (not in USD though) in other currencies (e.g. SGD), then do spot-rate conversion in IBKR ($2 commission) into USD. Or just use TransferWise if the nett amount is similar (and you can TransferWise directly into IBKR, tho they might be held back for days/weeks for review/audit). I tend to avoid TransferWise transfer into IBKR account and always go through my own overseas account.
For more on funding into TSGread more here: Step-by-step to getting started via TradeStation Global (Interactive Brokers)

For trading platform, with buy&hold long term strategy, TradeStation Global (Interactive Brokers) is one of the cheapest method (plus they have wide access to multiple markets), unless if you have got >100K USD portfolio/cash then can opt for Interactive Brokers directly since their fees are even cheaper.
For funding into trading platform, another alternative is TransferWise - and IBKR/TSG also allows direct funding (USD/EUR) into IBKR account via TransferWise - meaning one less conversion for you to do (tho IBKR's conversion rate is so cheap at spot rate, only $2 commissions). Can read more here if interested:
Step-by-step to getting started via TradeStation Global (Interactive Brokers)

For the ETF differences - see below quote.


This post has been edited by polarzbearz: Dec 20 2020, 08:36 PM

Thanks for this gonna take a while to read thru and digest.

Guys, i got some question. I opened account on tradestation via ibkr, so means once i got ibkr account funded i don't need to care about the tsg account right? Because i had been already buying shares through ibkr, but i still receive email from tsg saying that i haven't done any deposit yet, which is weird because i already deposit and traded on ibkr already. So my ibkr account is there and will always be there kan?

more likely to get a response if you asked this in the ibkr thread

Ok then, i wasnt too sure where to ask this

Another question folks. Sending money international and investing in foreign instruments, what are the implications with regards to our local laws? Are there any issues we need to address with regards to agencies such as LHDN, or laws such as AMLA? Thanks.

Apa tu amla

Anti money laudering act.

what's the difference of trading via foreign platform vs local brokerage houses?

currently using AffinHwang CQ trading platform for foreign counters

I think is the cost issue? trading or transacting using local brokerage house the fx convert and transactional charge is much higher?

This reply. Below. Way higher cimmisimn like USD25-50/transaction Vs USD0-1.50 per transaction. No platform fees, no dividend fees, no hike up exchange rate if you are using interactive broker.

Bnm website is a nightmare right now
Their search result all koyak

https://www.stashaway.my/faq/900000198566-w...t-borrowing-drb

https://www.bnm.gov.my/documents/20124/6036...ncy%2BAsset.pdf

This two will give you the answer.

Thx for this, much obliged.

so since 1 Dec 2020, the min deposit amount is USD 2500 in Global Trade Station

Yes, can confirm. Received this email:

Please note that new requirements for opening an account have been in effect since December 1, 2020.
The minimum deposit for the activation of your account is now $2,500.

Noob here. In IBKR mobile app, how can I easily track the performance of the stock based on my purchase price as a +-% increase/decrease?